WINNING STROKES: THINK DIFFERENT:
XL Telecom and Energy Ltd (Now XL Energy Ltd) is on fire today also after 18,65,156 equity shares of Rs. 10 each at a rate of Rs. 150 (one hundred fifty) per share were allotted to Goldman Sachs Investments (Mauritius) Limited, on conversion of 7.50 million Foreign Currency Convertible Bonds.Now Goldman Sacs holds around 14% stake in the company according to my sources (Please check with your sources in Hyderabad)....The stock hit the upper circuits today also before cooling down a bit. The company has 50 acres of land whose value is more than the current market cap of the company. So what are we talking about the valuation of the company? The stock should reach Rs.300-350 in the next few years time frame. The Q2FY10 results of the company are expected to be good and company has an order book of Rs.154 Cr. Now all those who were misguiding the investors should be thrashed in public, so that they do not do the same thing in future.
Avon Corporation Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from October 08, 2010 to October 10, 2010 (both days inclusive) for the purpose of Payment of Dividend & Annual General Meeting (AGM) of the Company. The is thus available cum dividend at the CMP of Rs.5.6-5.7. A research report on the company has been placed at www.sumanspeaksplus.blogspot.com.
Energy Development Ltd hits the 2nd consecutive buyer freeze on some positive developments. Now that bania company, called www.hbjcapital.com, who defamed not only Mr.Amar Singh but also great film personality, Mr.Amitabh Bachchan, is silent. A case should be registered against the portal for defaming those personalities, just to sensationalize.
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