Get Magazines for free

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

Friday, February 19, 2010

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

Penned the thinksoft note longtime ago but with concurrent somehow cudnt got it posted.Avoid thinksoft bigtime.

Scripscan:Thinksoft Global Services Ltd
cmp:530
Code:533121

Story:If am not mistaken these scrip has been a 5 bagger over the last few months thanks to blatant rigging by some bombay based operators.Operator activities are still to be seen no matter how bad or good the environment be.Consider Thinksoft Global Services Ltd, a testing services company focused on the Banking, Financial Services & Insurance (BFSI) vertical.Couple of bombay based operators are busy pushing the counter hard bigtime.Now a fall is inevitable and that would suggest that their accumulation has fizzled out and they have become active to exit the company.The company has high dependence on few clients with more than 90% of the revenues coming from top 10 clients. Top 10 clients contributed 92.66% in FY2009, 94.85% in FY2008, 96.99% in FY2007, 97.64% in FY2006 and 94.64% in FY2005. Top client contribution for FY2009 was 26%.The services of the company are part of the discretionary spend of any client. There has been a slump in the discretionary spend by clients all across verticals. While it seems to have bottomed out, how fast the discretionary spend will pick up is not clear.Thinksoft is focused on only one vertical i.e. BFSI. The vertical has seen a major impact due to the challenging economic environment and will remain very sensitive to fluid global economic environment.I would suggest investors to exit the counter and move on to better growth oriented companies where there are lot of safety and which are runned by great pedigrees.At present price of 500 rs its discounts the price by a mind boggling 39 times its trailing 09 earnings.A marketcap of over 450crs is no way justified for these company.Of the small software companies focused on BFSI space, Nucleus Software, a product company is trading at TTM PE of 13 times and Saksoft, a testing services cum product company (similar sized company in terms of revenues) is trading at TTM PE of 6 times. Nucleus Software would command a higher PE as it is product centric as against Thinksoft which is a services company.Avoid and exit thinksoft global and switch to a nucleus or a subex for better returns..

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