This is remind you all that Premier Explosives Ltd Sold the assets of Mushroom Division to M/s. Inventaa Chemcials Ltd for a consideration of Rs 17.50 crores plus value of stocks, work -in-progress and finished goods at the close of business hours on April 01, 2007. So today the mushroom division no longer exits in the company. As mentioned earlier the company will use the proceeds for carrying on the expansion programmes and also to clear some old debts. This will also help the company to focus on its core sector of operations, that is defence and private contracts for explosives and maintenance of explosives. I am looking at a target of not less than Rs.150--Rs.250 in the next 18 months to 24 months time frame. The EPS of the company is expected to increase considerably in the days to come as lot of their joint ventures are going to kick off from this month. Two of the overseas joint ventures are expected to kick off from this month. Two more are expected to kick off in the next month. The company is doing excellently well in all its front. The stock at the current price of Rs.42.5 is available at the price of a penny. IT is good buy for the medium to long term. Two other stocks which still looks good speculatuive buys(as mentioned earlier) are Goldstone Technologies Ltd and Zeno Tech Labs Ltd at the CMP of Rs.66 and Rs.109. I have mentioned earlier that great R J holds considerable chunks in ZenoTech Labs Ltd. Hope u have made good money from my calls of Garnet Construction Ltd at Rs.45.5 and Rs.49.5 & Sanguine Media Ltd at Rs.28 and Rs.32.5.
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