Sunday, February 27, 2011

AVOID: FIRST OBJECT TECHNOLOGIES LTD


Dear Mahesh Kaushik,
Please share your views on First Object Technologies. What is the earning potential of this company? Thanks in advance.
Jagdish Jorwal

1. First object technology is an IT software company with 10 rupee face value.
2. Year low of first object technology is 15 and year high 38.90 currently traded at 17 but book value of first object technology is 9.80 only and in 14 July 2009 share traded at 7 only.
3. At 19 Feb. 2010 ************* advice to buy this share at price of 32.44 read ******** advice in this link
CLICK HERE TO READ THIS RECOMANDATION OF **********

4. So most of investor trap in this share neat 35 and I give my negative view on this stock in July 2010 read this former article at
CLICK HERE TO READ THIS FORMER ARTICLE

5. Now check again promoter holding is still low it is 17.49 % only and no institution interest in this share.
6. First object technology has received permission from exchange for the proposed scheme of arrangement and amalgamation of M/s. Preschool Analytics Pvt. Ltd.
7. Company proposes to launch "First Medical School online e-education portal" by the end of March 31, 2011.
8. First object technology has successfully completed divesture of its stake in its 51% held subsidiary M/s. Tractel Solutions Inc
9. But I have still concern about first object technology and chart of this stock still show downtrend so I think it is good to avoid this stock , I have no any share of first object technology.

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