Sunday, March 4, 2012

AVON CORPORATION : AVOID OR HOLD


Please share your views on Avon Corporation CMP-2.15 FV-10 BV-15.8, EPS-2.3 PE-0.28 regular dividend paying company. niche sector? i bought at 4.75 around 1.5lakh shares. is it worth investing? plz reply ASAP ..thanks and regards..Venu.

1. Avon corporation is a manufacturer of scales worldwide.
2. it is a B  group company with 10 rupees face value.
3. avon corporation promoter holding is 16.97percent and they increase it from 11.67 %  FII holding nil although promoter holding is not very good but attractive for a take over target and i like increasing promoters holding.
4. avon corporation continue to give dividends in year 2009 0.20 per share and year 2010 dividend 0.30 per share 2011 dividend 0.10 per share i like this continue dividend paying.
5. year high of avon is 6.59 year low 2.59 currant price 2.86
6. book value of this share is 15.26
7. youe EPS is wrong this year EPS is 0.27 only till dec 2011
8.  avon corp Raise funds through public issue of Secured Non Convertible Debentures ("NCDs") of Rs. 175 Crores this is a negative point because this make it high debt company and avon corporation plan GDR issues it may be dilute equity . 9. overall avon corp is a penny share so it is very hard to analyse a penny stock on behalf of his fundamentals , when we look year high year low ratio than it is avoid or book loss but if we see increasing promoter holding and good book value than it is hold.
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