avoid avoid avoid They are looting the money from mainly low income retailers.fixing high value some how hiring members from the forum and managing finally listing at discount.BSE/NSE/GOVERNMENT also supporting for the looting.Hence members request donot waste money and time by investing on these companies and psu .NMDC OFS ALSO SAILING IN THE SAME BOAT,
it will be fully subscribed wait until 14th Feb. what i hear apparently LM goofed up & now company is raising funds based on the strength of their business model & they have secured commitments from marquee investors..wait and watch no place for GMO.
Last 3 sme''s are trading in discount sks, rithwik, crp. Now 2/3 UC days are gone. Only quality sme will list in premium that too with max 20/30 % gains. So now on don''t apply each & evey sme. One should stay invested in quality sme for long term for decent returns.
8.1. Huzefa| Link| Bookmark|
February 2, 2018 8:48:08 AM
Top Contributor (300+ Posts, 200+ Likes)
@Umang, Cadsys is one of the SME to stay for long term to earn mutibagger returns.
I see the promotors are diffrent and is a women. ......india amkibg way for ladies great. And i think women will make it. And here comes the change ...i shall subscirbe.
You are talking about trailing PE..forward EPS guidance by management is Rs 4.5 (on post dilution) fy17-18 and increasing as margins improve on account of higher margins. On EBIDTA it is 13.7 multiple for fy17-18. The company is 5 years old and grew fron 0.4cr to 15 cr and evaluting company only basis PAT doesn''t give clear picture of growth prospects. I will subscribe but will follow the progress cautiously.
Now every second company wants to cash in on this exuberance in the market, even SMEs like this have the audacity to offer shares at ridiculous PE multiples which makes absolutely no sense. This one is also a big avoid.