DHANUS TECH
SELLING FOR 50 CRORES. BOOK VALUE 143. NO RED FLAGS ON A HIGH LEVEL. OPERATING BUSINESS. GOOD YIELD
Dhanus Technologies Ltd. is a rapidly growing Communications Services Company. The company, incorporated in 1993, offers Telecom Services, is into Tele-services, IT/ ITES and Telematics. The company has a strong product development team specializing in Communication Technologies, Logistics & Unified Messaging.
The Company is headquartered in Chennai, India & has operations in New Delhi, as well as California, US.
http://www.dhanus.net/pdf/15th%20Annual%20Report%20-%202007-2008.pdf
Friday, November 20, 2009
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2 comments:
In my opinion, this one deserves to remain cheap. The business in not doing that great and most of its segments are witnessing competitive pressures. It may be dificult for the company to maintain the same dividend payout in the future.
There has been some indsider selling in October 2009. If I'm not mistaken a high proportion of promoter holding has been pledged. I used to own this some time back (got it at 14 bucks and sold out at 25 -:) coz i did not really find any trigger for the company to sell at book value.
P.S. You may want to check out R Systems International.... at Rs. 80, it is selling at less than book value and cash per share is approx Rs. 60. In addition, the company has in the past bought back shares and also increased the dividend payout.
Cheers,
KK
Thanks. Later I read the latest income statement and I could not believe they have capitalized a lot of expenses. This cigar butts get extremely challenging with out Balance sheet. Thanks and will look at RS
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