Engineers India Ltd FPO Message Board (Page 29)

i want 118 share alloted per apllication

TECHNICAL OUTLOOK

Moving in a broad range of 369-313.

Trend: Sideways.

Strategy: EIL (324)- Target 366, Stop-loss 310. Resistance 339-346 zone, 347-360 zone.

If stop-loss is breached, fall to 295-291 zone.

FUNDAMENTAL OUTLOOK

Fair Value seen at Rs.356 + Dividend Yield of 2.18% at Rs.275.

A change in revenue mix may lower its profit margin. Ramp-up in the lumpsum turnkey contracts could be margin dilution over the long-term. It is steadily rising in the past few quarters & it rose in June quarter also.

Its mainstream activity of engineering consultancy is falling. As consultancy is high margin business, dilution of its share mean lower profit margin. Engineering consultancy does not involve capital expenditure and working capital commitments. Hence, better operating profit margins in consultancy vis-a-vis lumpsum turnkey contract business.

It may have negligible debt.

Nearly half-of lumpsum turnkey* projects are to be executed over the next two to two-and-half years. Its strong cash balance (Rs 1764 crore cash and bank balance as of FY10 given in RHP) may aid comfortable execution. The risks associated with EPC / Capital Goods companies is totally different. The risks in EIL is amplified because of the high financial leverage that the companies in this sector use. The risk and reward are significantly higher because of the financial leverage and not because of actual business. Higher the cash reserve, lower the leverage & hence, low execution risk. It has order book (order back-log) of three times FY10 revenue.

*Turnkey - It is a product or service that is designed, supplied, built, or installed fully complete and ready to operate. The term implies that the end user just has to turn a key and start using the product or service.

445. Subhasish

I have not got still. Probably, one or two days.

Ravi, Bangalore, What abt allotment of EIL? when wl i get shares in Demat?

i feel that the Govt. should try at its best to maintain the price level above the FPO issse price so that the feature FPO should go succesfully with big bets by the retail investors

OJHKJHK

What may be the basis of allotment can some provide the info

i think if anyone wants to buy this stock , he should buy it on listing day. As there will be only sellers on that day. 33,693,660 shares will be added & these will be available for selling unless untill all have a will to stay long.Most People applied for listing gains.

I want 124 shares per application !!!

When we receive discount amount of retailers??

Thanks buddy

ONLY BASIS OF ALLOTMENT HAS BEEN FINALISED. ITS 118 SHARES PER ONE LAC APPLICATION. THE SHARES WILL BE CREDITED ON WEDNESDAY OR THURSDAY.

I NEVER SAID THAT I HAVE RECIVED ALLOTMENT. FOR FELLOW BOARDERS, I AM JUST SHARING THE INSIDER NEWS ONLY. BUT I AM NOT MAKING ANY GUESS ITS TRUE THAT BASIS HAS BEEN FINALISED AS 118 PER APP OF ONE LAC.

U WILL GET SHARES ON WED OR THURS

meine intime se 02225960320 par baat ki thee kal shaam tak shares account mei credit ho jayenge lekin ajeeb baat hai abhi tak basis of allotment nahi aaya intime kehta hai kal subha tak basis aur sham ko allotment ac me aa jayegee

no allotment done till now

Shorted 2000 shares in morning
Covered all the shares with no loss

It will definitely close above 330
I guess shares will come in account at wed. evening

How can someone get allotment.pls don't give wrong statement

two or three days after rate cross 350 surely

HOW ARE SOME PEOPLE SAY THEY GOT ALLOTMENT OF 118 SHARES FOR FULL APPLICATION? DO THEY HAVE A SECRET LINK TO THE INFORMATION ABOUT BASIS/ALLOTMENT BASIS. CLARIFY PLEASE, FOR BENEFIT OF YOUR FELLOW INVESTORS. WILL YOU?

hi,

I am an HNI and sold all expected allotment today itself, hope the share will be credited in my account late by wednesday only, but to my surprise somebody whispers in my ears the some FII and Domestic Institution (Insurance Company)try to garner as much share as they can, they will not let the price fall below 310 or so, therefore what the point selling in panic when the rate is 319 or so, please do hold the share for at least one week for short term and 6 months for long terms to get real benefits.

disclosure : I have covered all my positions at loss......

Beware short seller's it is crossing 324/- hence on intra-day basis it is on upward move . Above 331/- it should cross 345/- For day trader stop-loss at 317/-