Scripscan:Sah Petroleums Ltd
cmp:17
Traded in:Bse-Nse
Story:Sah Petroleums manufactures a wide range of specialty industrial lubricants, rubber processing oils, greases, automotive lubes and various grades of other oils.Sah Petroleums’ net profit rose 21.7% to Rs 3.65 crore on a 36.6% rise in sales to Rs 60.31 crore in Q1 June 2008 over Q1 June 2007.The small-cap industrial lubricants maker has an equity capital of Rs 16 crore. Face value per share is Rs 5. NAF India Holdings during trading hours on Monday, 20 October 2008, announced an open offer to acquire 27.5% additional stake at Rs 48.50 per share.The open offer was triggered after the company's board at the meeting held on 17 October 2008, approving issue of 1.20 crore equity shares of Rs 5 each to NAF India Holdings at a price of Rs 26.65 per equity share on preferential basis.As per the Sebi takeover code, any acquirer who acquires 15% or more equity shares in a company, has to make a mandatory open offer of 20% of the equity share capital of the target company.Since sah petroleum is at just 17rs now,that represents a great short term oppurtunity for investors to cash in on the counter.In the present tough environment where returns are hard to comeby this sort of news just cant get better.So folks put your money in sah petroleums and make a bouquet of money in the short term horizion.Long term investors can add in on to as the new probable promoters have got a long vision of making the company a global leader in its segment.Dont miss it.
Regards,
Arun
I can be reached at:arunanalyst@rediffmail.com
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Tuesday, October 21, 2008
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