Wednesday, October 1, 2014

California Software Company Ltd: Risky

Hi Mahesh , Thanks for your advice ... Can you please have a look at this company " California Software" : considering Glencore ( fortune 10 ) has 100% stake in parent entity and they are also increasing their shares.. Regards, sherin
1.California Software company ltd is a 10 rupee face value IT company. 
2. Year high of California Software company ltd is 10.33 and year low 4.10 
3.California Software company ltd pay 2 rupee per share divided in 2010 and 1 rupee divided in 2008. 
4. Promoters of California Software company ltd is hold 70.71 % stake. (No any increasing in last some quarter)
5. California Software company ltd is included in BSE group Z company , The BSE 'Z' group  includes companies which have failed to comply with its listing requirements and have failed to resolve investor complaints or have not made the required arrangements with both the depositories, like CDSL and NSDL for de-materialization of their securities. So that is the reason of California Software Company Ltd low trading price. 
6.California Software Company Ltd not declare their results after December 2013. 
7. My view is negative for California Software due to poor corporate governance, Why we buy this type of risky stock because several other good options are available at market.
 8. I have no any share of California Software.

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