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Ahmednagar Forgings
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NSE Announcements on Ahmednagar Forg
Posted by :
MMB MessengerTracked by: 0 Boarder
Ahmednagar Forgings Ltd has informed the Exchange regarding Audited Annual Financial Results for the year ended June 30, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
NSE Announcements on Ahmednagar Forg
Posted by : MMB MessengerTracked by: 0 Boarder
Ahmednagar Forgings Ltd has informed the Exchange that the Board of Directors of the Company in its meeting held on December 01, 2008 have considered and approve the followings:(1) Recommended dividend to its equity shareholders @ 10% for the year 2007-08 i.e. Rs.1.00 per equity share of Rs.10/- each. Further the Register of Members and Share Transfer Books of the Company shall remain closed from December 27, 2008 to December 31, 2008 (both days inclusive) on account of Annual General Meeting to be held on December 31, 2008 and payment of Dividend....
BSE Announcements on Ahmednagar Forg
Posted by : MMB MessengerTracked by: 0 Boarder
Ahmednagar Forgings Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 01, 2008, inter alia, has recommended dividend to its equity shareholders @ 10% for the year 2007-08 i.e. Rs 1.00 per equity share of Rs 10/- each....
Buy/Sell
Posted by :
surenindyaTracked by: 0 Boarder
I agree about 3 to 4 years investment horizon. It will be far better than bank FD etc and it will definitely beat inflation.
Do you think the low of 27 Oct 2008 will be breached in this FY?...
In reply to:
Buy/Sell
Posted by : Madineedi
They should not give dividend at that cost right now, it just gives a foul play to the investors. What they should be doing right now is cutting down on inventory and cope with reduced orders. To cope up with this they need to reduce their dividend.
They need to have cash at this point of time not throw it to investors. If they give such dividend now it is obvious that the management is lobbying to satisfy some high profile investors.
I still have exit call and i sold my stock in this company so i cannot predict about future of this company. Right now i dont have any investments in any company just staying with my cash. If you want to invest, buy and stay for almost three to four years it fetches huge return. 
Buy/Sell
Posted by : MadineediTracked by: 0 Boarder
They should not give dividend at that cost right now, it just gives a foul play to the investors. What they should be doing right now is cutting down on inventory and cope with reduced orders. To cope up with this they need to reduce their dividend.
They need to have cash at this point of time not throw it to investors. If they give such dividend now it is obvious that the management is lobbying to satisfy some high profile investors.
I still have exit call and i sold my stock in this company so i cannot predict about future of this company. Right now i dont have any investments in any company just staying with my cash. If you want to invest, buy and stay for almost three to four years it fetches huge return. ...
In reply to:
Buy/Sell
Posted by : surenindya
You have been proved right. Now on 01 Dec 2008, the AGM is to consider dividend for YE 06/08. Do you think they will repeat 20%?The BV is very high compared to MV. They can afford to give dividend.
What`s your view?
Buy/Sell
Posted by : surenindyaTracked by: 0 Boarder
You have been proved right. Now on 01 Dec 2008, the AGM is to consider dividend for YE 06/08. Do you think they will repeat 20%?The BV is very high compared to MV. They can afford to give dividend.
What`s your view?...
In reply to:
Buy/Sell
Posted by : Madineedi
My analysis about ahmednagar forging reaching 25-28 levels has been proven to be right. From purely technical perspective this company shares may reach 18-21 range in near time. A lot of negativity about forging sector and worst global financial crisis will take this company from these levels to 18-21 levels.
Exit and buy this company at 18-21 levels. I hate posting this technical analysis about this company as i hold shares of this company in my portfolio.
BSE Announcements on Ahmednagar Forg
Posted by : MMB MessengerTracked by: 0 Boarder
Ahmednagar Forgings Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 01, 2008, to consider and approve the Audited Annual Financial Results for the Financial year ended June 30, 2008 and to recommend declaration of dividend....
Buy/Sell
Posted by : MadineediTracked by: 0 Boarder
My analysis about ahmednagar forging reaching 25-28 levels has been proven to be right. From purely technical perspective this company shares may reach 18-21 range in near time. A lot of negativity about forging sector and worst global financial crisis will take this company from these levels to 18-21 levels.
Exit and buy this company at 18-21 levels. I hate posting this technical analysis about this company as i hold shares of this company in my portfolio. ...
In reply to:
Buy/Sell
Posted by : surenindya
While the whole world economy is looking weak, Ahmednagar Forge may still be a buy. It closed at 30.9 on wednesday,the 12th nov. As per scheme of amalgamagation 100 shares of Ahm For will get 56 of Amtek Auto Ltd. Amtek Auto`s closing price on wed was around 64.50. Thus AHM FOR 100*30.9= 3090/56 = 55.18/64.5 = 85.5 i.e. discount of 14.5% to be realised within a few months.
This seems enough safety margin for getting shares of a merged entity, already well established as Original Equipment Supplier to the leading companies. The economies, productivity, cost benefit and sales and service efficiencies will give the merged Amtek Auto a robust eps even in present times.
Some other discounts available are: (1) Morgan Stanley Growth fund selling at a discount of 5% to NAV, which will be redeemed in early Feb2009.(2) Another discont available is Tata Steel CCPS (traded on BSE), which is available at a discount of 9% to Tata Steel rate, and will become equity shares on 01Sep2009 i.e. 9 and a half months later.
Happy bargain hunting!
Buy/Sell
Posted by : surenindyaTracked by: 0 Boarder
While the whole world economy is looking weak, Ahmednagar Forge may still be a buy. It closed at 30.9 on wednesday,the 12th nov. As per scheme of amalgamagation 100 shares of Ahm For will get 56 of Amtek Auto Ltd. Amtek Auto`s closing price on wed was around 64.50. Thus AHM FOR 100*30.9= 3090/56 = 55.18/64.5 = 85.5 i.e. discount of 14.5% to be realised within a few months.
This seems enough safety margin for getting shares of a merged entity, already well established as Original Equipment Supplier to the leading companies. The economies, productivity, cost benefit and sales and service efficiencies will give the merged Amtek Auto a robust eps even in present times.
Some other discounts available are: (1) Morgan Stanley Growth fund selling at a discount of 5% to NAV, which will be redeemed in early Feb2009.(2) Another discont available is Tata Steel CCPS (traded on BSE), which is available at a discount of 9% to Tata Steel rate, and will become equity shares on 01Sep2009 i.e. 9 and a half months later.
Happy bargain hunting!...
In reply to:
Buy/Sell
Posted by : Madineedi
Extremely negative at this point of time. Whole pack of forgings is looking bleak. Short term it may touch 25-28 levels and in long term (1year to 3 years) it may touch 60-70 levels. After merger with amtek auto it may be the largest company in its sector. Good to hold but not at this point of time.
Exit right now and enter at much more value. Exit will be my call from the company. Technical`s very bad considering its spectacular fall from 110-101-88-34 levels.
If you want to go long try going for three years or so. It may fetch you a return. Volumes have dropped considerably. Also it is an Index stock which rises with index and this pattern also changed. Underperformer stock (exit exit exit).
Dump it unless you are very long three to four years or may be five.
Buy/Sell
Posted by : MadineediTracked by: 0 Boarder
Extremely negative at this point of time. Whole pack of forgings is looking bleak. Short term it may touch 25-28 levels and in long term (1year to 3 years) it may touch 60-70 levels. After merger with amtek auto it may be the largest company in its sector. Good to hold but not at this point of time.
Exit right now and enter at much more value. Exit will be my call from the company. Technical`s very bad considering its spectacular fall from 110-101-88-34 levels.
If you want to go long try going for three years or so. It may fetch you a return. Volumes have dropped considerably. Also it is an Index stock which rises with index and this pattern also changed. Underperformer stock (exit exit exit).
Dump it unless you are very long three to four years or may be five. ...
In reply to:
Buy/Sell
Posted by : Madineedi
Extremely negative at this point of time. Whole pack of forgings is looking bleak. Short term it may touch 25-28 levels and in long term (1year to 3 years) it may touch 60-70 levels. After merger with amtek auto it may be the largest company in its sector. Good to hold but not at this point of time.
Exit right now and enter at much more value. Exit will be my call from the company. Technical`s very bad considering its spectacular fall from 110-101-88-34 levels.
If you want to go long try going for three years or so. It may fetch you a return. Volumes have dropped considerably. Also it is an Index stock which rises with index and this pattern also changed. Underperformer stock (exit exit exit).
Dump it unless you are very long three to four years or may be five.
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