Friday, April 24, 2015

DO YOU KNOW?
Regarding Rolta India Ltd, the financial website: www.moneycontrol.com which is a part of the CNBC TV18 Group, said on February 24, 2015: 
"The company's trailing 12-month (TTM) EPS was at Rs.50.68 per share. (Dec, 2014). The stock's price-to-earnings (P/E) ratio was 2.96. The latest book value of the company is Rs.187.83 per share. At current value, the price-to-book value of the company was 0.8. The dividend yield of the company was 1.5 percent".
But the same website now puts the book value as Rs.122.95 on standalone basis, while on consolidated basis it is Rs.72.55. therefore, the question is: how can the book value of a reputed company (Rolta India Ltd is older than Infosys Ltd) change so much in matter of couple of months?

If you remember, in an earlier  occasion too, this website put a misleading book value of an A-group company Rasoya Proteins Ltd. When I pointed out the same here in this blog, they corrected the same. 

Moreover, this website, has a dubious and manipulative platform called Money Control Message board, where even the moderators takes part in the discussion, in the guise of boarders. These administrators of MMB, are often highly biased and delete messages, which goes against their thought processes. Not only that, they may even use slangs and highly objectionable words, when they appear in the MMB, in disguise (with A,B,C name) to take part in discussions; forcing you to react. 

It is an irony that some investors and traders base their trading decisions, pivoted on the inputs placed here---not to mention, though many burn their fingers in the process; but still they do not learn. 
Post a Comment