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Thursday, March 11, 2010

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

Scripscan:Globus Corporation Ltd

Story:Recently I have been getting a lot of mails from people whether they should buy "Globus Corporation " since it “was now seeing a good momentum”.I knew little about the stock,except that its a penny stock quoting at 1-2 bucks.Since last few days,research reports on globus corporation flooded in from several "knowledgable investors" also claiming insider knowledge of some interesting developments.As a matter of policy I ignore all tips.Sometimes you lose a good opportunity as in this case;equally, though, you may be among the last to be tipped off.Then,as early buyers offload their stock,you are left holding the baby.I prefer to trust my own judgement no matter I win or loose.I have a particular distrust of rumours relating to promoters stuffs and all.

So with so many great people behind it I finally decided to have a glance through the company,who knows maybe the long awaited golden goose is there waiting for me.So with sheer excitement and trembling hands I finally stand infront of the golden goose,i.e,Globus Corporation Ltd.So here we go:-

Globus Corporation Ltd engages in the manufacture of ACSR and AAAC power conductors, and AAA wires primarily in India. It also trades electrical and electronics items, copper scrap cables/switch gears, cotton fabrics, metal items, paper products, GI wires/cables/metal wires/bars/coils/sheets/rods, and PVC wrappers.There you go:power related stuff-the present sizzling flavour of our stock markets,wah wah.

Oops.......stock splitted.Its a "FV 2" paid up company...dhatt tariki...equity blotted.Hmm let see whats more is in store of us.

Oh my god the company changed its name from karuna cables to Globus coporation.Maybe globus signifies global and company with "chawaani auwkaat" is all set to start its global operations.Chalo sahi bat hain.

Recently the company approved Postal Ballot for changing the business line,Object Clause(Power Equipement).Couldnt make it big with the existing line of products in the last decade now diversifying into newer areas for?No idea guys.

No loss in book too infact it earned a PAT Of nearly 14 lakhs with 20crs turnover.Pitiable profit margin and no hopes of bettering it.In march 2004 it delivered a profit of 2crs since then the journey has been 'pathetically superb' I guess to say the least.

So what is left to talk about?maybe they have got some land,maybe something hidden is there, aree kuch to hoga?Nothing has been clarified...tiny topline no botomline.Promoters holding barely 12-13%.Its quite certain folks,"The stunt is going on in the open gallery."Do u wanna be a part of it?

AB TUMHARE HAWALE "GLOBUS" SATHIYO...............................

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