Scripscan:Tasty Bite Eatables Ltd
cmp:117
Code:519091
Story:Tasty Bite Eatables, Ltd. manufactures, processes, and exports ready-to-eat food products. The company offers Indian and Thai food products, including entrees, meals, and soups. It also produces pilafs, and special diets, such as vegetarian food, gluten-free food, kosher food, and vegan food. The company is based in Pune, India. Tasty Bite Eatables, Ltd. is a subsidiary of Preferred Brands International LLC.The company has got a tiny equity base of 3crs and has been buzzing offlate in the bourses as the promoters plans to delist the shares from the exchanges.The promoter alreadys owns around 75% of the total paidup capital and with a tiny base it wont be much of a hassles for them to acquire the remaining shares.Financially the company has shown strong consistency in both topline and bottomline over the last few years.At present prices even after a stunning run it isnt tremendously expensive.Any announcement on the delisting front would make the scrip buzz more.One can do arbritrage as I feel the delisting price should be higher than the present market price.I would warrant a hold at present prices.
Saturday, November 7, 2009
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