Friday, February 12, 2010

SAAMYA BIOTECH : MAY BE MULTIBAGGER


Hi Mahesh
Is it advisable to invest big in Saamya Biotech (India) Limited stock for both short and long terms???
Thanks,
Venkat parvateeswara Sastry

1. Promoters holding in saamya biotech is 32.41 percent and promoter reduces there 2 percent holding in sep09 to dec 09 so reducing of promoter holding are little bit negative.
2. This is a T group share of 10 rupees face value.
3.
Click here to download draft and red hearing prospectus of saamya biotech.
4. Book value of this share is 10 rupees and share available at 9.5 rupees.
5. Saamya Biotech India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 17, 2009 has decided the following:

a. to increase the Authorized Share Capital of the Company from Rs. 25 Cr. to Rs. 125 Cr. Subject to the approval of the members.

b. To issue, offer and allot further shares in all or any one or in combination of Equity Shares, GDRs, ADRs, Convertible Bonds / Debentures and / or other securities to the extent of USD 40 millions subject to approval of the members of the Company.

c. To issue Equity Shares / Warrants on Preferential basis.
All these point is negative because this is equity dilution and not good for shareholders.
6. As per available information (not sure) company have no debt so this is a great positive factor.
7. Overall this is not a good investment but I think it is not bad to take some risk and buying of 100 shares such type of company may give multiple returns.

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