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Buy Morarka Finance Shares, It's very low!
(myiris.com) Author: Shyam
Reason: (SEE Annual Report of Morarka finance, draft prospectus of Dwarikesh sugar , Bseindia website and also see www.dwarikesh.com)
Morarka Equity is Rs.4.5 crores. Out of this equity promoter holds 65% in morarka finance.
Morarka finance has Net fund of 6.38 crore (Equity 4.50 + Redeemable preference share Hold all by promoter 0.65 + 1.23 crore reserves ). From this fund company has invested in Dwarikesh Sugar Rs. 5.17 crores ( shares at 10 +10 premium total shares 2338771) and other investment of Rs. 0.17 crore which is also good investment but its value is low.
If one calculates at issue price of Dwarikesh sugar @ 65 then 2338771 *65 = 15,20,20115/-
But it was the issue price if listed price will around Rs. 85 then value goes to 19,87,95535/-
So, Bookvalue of this shares at Rs. 47.17. Moreover G.R. morarka is the promoter of this both the companies. Dwarikesh Sugar has declared dividend of 20% @ 2003-04. So, this year Morarka will declare dividend of 10% likely.
One thing is simple : 4500000 shareholders hold 2338771 shares of Dwarikesh, Means Every 1 share of Morarka Has a value of Half shares of Dwarikesh Sugar.
The Company has no any debt no any other business. If you buy 100 Morarka then you are holders of 50 Dwarikesh. This is simple.
So, Buy at dart Cheap rate. If you are holder then don't sell. Buy this is golden chance. No chance of loss. If you have any doubt Feel free to ask me.
Date: 22-Apr-05
Disclaimer: Views expressed in the above articles are independent views of the writer only and they don't express the company's official policy, decisions or views. The article has been reproduced here for the sole purpose of public knowledge and information. Morarka Finance Limited doesn't take any responsibility for the views expressed above.
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- Basic stock market tip: One mistake that most novices make when the stock market prices are high is that these prices would continue to rise. However, this is a wrong view, since the stock market can fluctuate greatly at any time.
- Buy when prices are low: One of the best stock market tips and one that the successful people have followed is to buy stocks when their prices are low and wait until the prices rise. You should try to fix up a reasonable and practical income target.
- Think out of the box: Another thing that you should do in order to be more successful in the stock market is to take the opportunities that other investors give to you. If everyone else is selling their stocks, go out and buy some of theirs. If everyone is buying, sell some of yours.
- Diversify your investments: Another recommended step from many stock market tips that you could get to follow is to diversify your investments. Some companies may get to face hard times, and your investments on them may go downhill. That is why it is really recommended that you diversify your investment portfolio.
- Allowing your stock to grow: Another stock market tip that you should follow is that you need to allow time for your stocks to grow. When you buy stocks, don’t expect it to rise in value the next day. The value of good stocks usually grows slowly. You should always be patient and wait for the stock to grow in value.
Curtsey: stockmarketsoup.com
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