Thursday, January 6, 2011

NAGATIVE ON SPICE MOBILITY


Sir
I am reading your blogs continuously pls advise on spice mobility. I want to purchase. Is it safe entering at this level? Pls advise also on City Union Bank. Is it good to buy for period of 1 year? Ask by shri manish tayal

1. Spice mobility ltd is an S group company with 3 rupee face value, very odd face value because most of our stocks in market have face value of 10, 5, 2 or 1 rupee. Relation with S group is a negative point because if S or T group share traded above 100 rupee then it may be risky.
2. 52 week high of spice mobility is 152.05 and 52 week low 32.05 another negative point because share traded at 111 so I think current market price is very high.
3. Recently spice mobility acquire 100 % stake in kimman exports ltd so price of this share is driven by this news.
4. Spice mobility not declares his promoter holding after March 10 so I think it may be risky to invest at this level.
5. Book value of spice mobility ltd is 7.69 only so my view is complete negative for this stock I have no any share of spice mobility ltd.

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