Categories

10000 to 4crs in 18 months 1000rs to 50crs 300% returns 75% promoter holdings A 50 bagger A sureshot 5 bagger Analysis Another fraud? Auto ancillaries Bank sector Blind sell Brand plays Broking Bse Nse Buy calls cements Ceramics/tiles Counters I don't like Debt free businesses Delisting candidates demerger bets Disclosure- I own them Domestic consumption plays E-Commerce pick Education Exit at rallies Famous analysts Famous stocks FMCG Footwear future multibaggers Gems andJewellery Hidden gems High conviction ideas High dividend plays High potential small caps High ROE stocks Holding companies Hotel sector How they looted you.. Indian stock market Infrastructure sector Interesting Microcaps IT KPO Landbank plays largecap ideas Less than 5 PE stocks Liquor Logistics Market lessons Market outlook for 2013 and 2014 Market underperformers Meeting with the CEO Metals Monopoly businesses My 5 baggers My Favourite counters My paid stock recommendations My stock picking techniques nse bse tips Oil exploration Operator calls Paints Penny stock outlook penny stock updates Pharma sector Poultry stocks PSU Publicity freaks Real estate Renewable energy plays Safe bets Sell recommendations Share market Live shipping stocks short term call SOTP plays stock tips stock under 10rs Stocks to watch out for Strong bonus candidates Takeover candidates TATA product tea Textiles The 13 bagger The 45 bagger Trading companies Transformers Turnaround bets Tyres Uncertain/Risky business models Unique businesses

Search This Blog(Over 800 companies covered in the blog).

Please note

Note: The artciles are not research reports but assimilation of information available on public domain and it should not be treated as a research report.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I might have the dkiscussed companies in my portfolio and hence my point of view can be biased.Readers should consult registered consultants before making any investments
.

Archives : Old artciles

Thursday, February 25, 2010

TeleCanor Global Ltd:Buy/sell/hold,growth prospects and recomendation,news and results,target price and analysis,views and outlook

Scripscan:TeleCanor Global Ltd
cmp:35
Code:530595

Story:I have an analyst friend who is quite a known name in the stock market fraternity.Now sometimes back I received a mail from him which stated telecanor global to be a strong buy.He was very bullish on the company and to he took a large stake in the counter through preferential allotment.Several months wentby and suddenly oneday he mailed me to exit the company immediately.In anycase I was not having the shares but he briefed me the story which am summarizing here."I pumped funds into the company in 2008 when it barely had resources to make salary payments to its employees.An investment banker introduced me to the promoter. That time, the company had no business and no money to pay even the salaries (of its employees). I liked the concept of payment gateway as it had good potential.However, more than a year has passed and the company has apparently made no headway in the payment gateway business.The company Board had decided to issue 7.84 lakh equity shares and 12 lakh warrants in my favour, a resolution to which effect was passed on 22nd June 2009.I made a payment of Rs 1.26 crore towards the same.But the company neither issued any shares and warrants nor refunded my money—it instead used the money for the company’s business. As per SEBI guidelines, an investor is supposed to pay application money within 15 days of passing the resolution; however since the company needed funds urgently to fund its payment gateway business,I made initial payment towards the application much earlier than the stipulated period.I feel the promoter has siphoned off Rs60.27 lakh by way of salary. The promoter’s wife, who is also the director of the company, has taken Rs47.92 lakh as office rent.Telecanor has used various tactics to increase its share price. The company apparently attempted to convert my 4.5 lakh warrants into equity shares, but was forced to cancel the same on my refusal.To my horror and shock,TeleCanor had called a Board meeting to declare interim dividend, despite having no bank balance to refund my money or any funds to kick-start the payment gateway project. The company’s only purpose was to jack up share prices by misleading the investors. The Board has since announced its decision to skip interim dividend ‘since it is prudent to complete the ongoing project before such a resolve".This is what I got to know from him.Now you people decide accordingly.

Important Disclaimer&Privacy policy

This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
 
x

Subscription to Arunthestocksguru

Enter your email address:

Delivered by FeedBurner