Scripscan:Premier Ltd
Code:500540
Cmp:91
Breaking news:Doshi group co has equity of 30.37 crores and is engaged in business of Machine Tools and Wind Turbine components For FY11, Company achieved sales of 230cr and Pat of 18.45 crores. Eps stood at 6.07. Company paid 27% dividend.Premier Ltd has surplus land 218 acres outside Mumbai in Dombivali. It is reliably learnt that company has already struck deal to sell this land for Rs 800 crores to Manohar Joshi group called Kohinoor Group. Current marketcap of Premier is less than 300 crores. Announcement about land sale is expected anytime.Co has AGM on 11th JUNE May be announcement is made in AGM.Premier may use proceeds of land sale for the following purpose:
Special dividend,Reduction of debt (which currently is over 200 crores).Acquire a Machine Tool company in Europe to gain foothold in European market.Invest more in business of Wind Turbine Component, a business which is booming.Its 52 week high was Rs 160.
Wednesday, June 8, 2011
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.
