Saturday, August 29, 2009

Ad-Manum Finance Ltd

sir please tell me fundamentals of Ad-Manum Finance Ltd ask by shri nisu katiyar by mail

1.promoters hold 61.59 percent stake in Ad-Manum Finance Ltd is a good fundamental.
2.Ad-Manum Finance Ltd touch its 52 week high 18 at 11 June o9
3.Ad-Manum Finance Ltd recommended dividend @ 1 per share. And company give continue rs 1 dividend in last 4 year.
4.eps of Ad-Manum Finance Ltd is 4.25 and book value 32.53
5.but debt/equity ratio of Ad-Manum Finance Ltd is more than 4 this is the reason that why this company traded such lower price (16) instead of other strong fundamental. I think you understand that this company have 4 time debt of his equity capital and I can not understand that why company recommended dividend instead of paying debt.
6.I think due to it small cap of only 30 lac shares it may be possible it become a multibagger but you may trap in this company at his year high due to it very high debt so please avoid it.

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