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Micro Technologies
Micro Tech enters Kenya
Posted by :
bhojasTracked by: 1 Boarder
It is an irony that Micro Tech is at a P/E of around 4 based on TTM earnings despite such a good growth. The market has become such that now a days people have become short term traders and at every rise they are selling. Retail investors shouldn't panic and keep holding their portfolio tight. Patience is the name of the game.
A better question to ask is:- what is the true share value of Micro Tech? If you can spend some time there, it would be good. If you already know it, you should share for the benefit of others.
-manish...
In reply to:
Micro Tech enters Kenya
Posted by :
taumatt
why microtec stock prices has been falling for the last 2 months? 
Micro Tech enters Kenya
Posted by : taumattTracked by: 1 Boarder
why microtec stock prices has been falling for the last 2 months? ...
In reply to:
Micro Tech enters Kenya
Posted by : bhojas
August, 21 2008
Subject:
Micro Technologies - Press Release
Announcement:
Micro Technologies India Ltd has informed BSE regarding a press release titled "Micro Technologies expands to Kenya"
Press Release
"Micro Technologies (India) Ltd, A global provider of security solution products expands its business to the Kenyan market to provide a highly advanced security solution products across the country. Micro Technologies aggressively plans to market Micro Products licenses to Kenya with its premium partners. The range of products marketed would be in the category of security and life support solutions for vehicle, premises and mobile.
Kenya is the regional hub for trade and finance in East Africa with a population of 37,953,838 and 11.44 million mobile users, After the test marketing and thorough understanding of the need security products amongst the common masses, Micro Technologies with its widely accepted range of products gauged a great market potential in the Kenyan market.
There is a high crime rate in regions of Kenya particularly in Nairobi, Mombasa, Kisumu and coastal beach resorts. However, the most common crime in Kenya is car-thefts or carjackings and the property related crimes. It can be prevented by using an advanced technology driven method which can be through the use of sophisticated and innovative security solutions.
Micro Technologies (India) Ltd is a leading global developer, manufacturer and marketer of IT based security solutions for its clients across the globe. Products range includes the much-needed security devices, life support systems and web-based software. It is one of the most valued security solutions across the globe and has been accorded with Global awards and the Maharashtra IT Award for its R&D. Micro Technologies aims at displaying not just the technological innovation and prowess but also the product diversity in various segments of vehicle, premises, mobile, other assets and now entering Energy & Health Segments.
After being successfully tested for past 4 months with Kenyan users this, expansion will surely be beneficial for the company. With the overview of the urge for security requirements of Kenya. Micro Technologies would expect huge amount of business in the IT-based products in security domain and associated business areas."
-manish
BSE Announcements on Micro Tech
Posted by :
MMB MessengerTracked by: 0 Boarder
Micro Technologies India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 29, 2008, inter alia, to transact the following business:
1. To consider and take on record the audited Financial Results of the Company for the financial year ended March 31, 2008.
2. To fix the date of Annual General Meeting of the Company for the financial year 07-08.
3. To consider and approve the Notice of the Annual General Meeting.
4. To consider the proposed Dividend....
Micro Tech enters Kenya
Posted by : bhojasTracked by: 1 Boarder
August, 21 2008
Subject:
Micro Technologies - Press Release
Announcement:
Micro Technologies India Ltd has informed BSE regarding a press release titled "Micro Technologies expands to Kenya"
Press Release
"Micro Technologies (India) Ltd, A global provider of security solution products expands its business to the Kenyan market to provide a highly advanced security solution products across the country. Micro Technologies aggressively plans to market Micro Products licenses to Kenya with its premium partners. The range of products marketed would be in the category of security and life support solutions for vehicle, premises and mobile.
Kenya is the regional hub for trade and finance in East Africa with a population of 37,953,838 and 11.44 million mobile users, After the test marketing and thorough understanding of the need security products amongst the common masses, Micro Technologies with its widely accepted range of products gauged a great market potential in the Kenyan market.
There is a high crime rate in regions of Kenya particularly in Nairobi, Mombasa, Kisumu and coastal beach resorts. However, the most common crime in Kenya is car-thefts or carjackings and the property related crimes. It can be prevented by using an advanced technology driven method which can be through the use of sophisticated and innovative security solutions.
Micro Technologies (India) Ltd is a leading global developer, manufacturer and marketer of IT based security solutions for its clients across the globe. Products range includes the much-needed security devices, life support systems and web-based software. It is one of the most valued security solutions across the globe and has been accorded with Global awards and the Maharashtra IT Award for its R&D. Micro Technologies aims at displaying not just the technological innovation and prowess but also the product diversity in various segments of vehicle, premises, mobile, other assets and now entering Energy & Health Segments.
After being successfully tested for past 4 months with Kenyan users this, expansion will surely be beneficial for the company. With the overview of the urge for security requirements of Kenya. Micro Technologies would expect huge amount of business in the IT-based products in security domain and associated business areas."
-manish...
BSE Announcements on Micro Tech
Posted by : MMB MessengerTracked by: 0 Boarder
Micro Technologies India Ltd has informed BSE regarding a press release titled "Micro Technologies expands to Kenya"...
NSE Announcements on Micro Tech
Posted by : MMB MessengerTracked by: 0 Boarder
Micro Technologies (India) Limited has informed the Exchange regarding a press release titled "Micro Technologies expands to Kenya". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
Boost in sales of security systems in NI
Posted by : GuestTracked by: 0 Boarder
Boost in sales of security systems in Northeast
Micro Technologies has seen a increase in the sale of its security devices in this region
Wednesday, August 06, 2008
GUWAHATI, INDIA: In a recent survey it has been found out that Northeast India has the largest crime rates. In order to prevent these crimes, people have become alert and have started deploying security devices at their homes.
According to Micro Technologies (India), security devises are sold more in northeastern than any other region due to the booming number of crimes in that area.
In fact, Micro Technologies (India) has seen a rise in the sale of its products in these areas. Micro Technologies Systems combine state-of-the-art technologies such as GPS, wireless communications and business intelligence.
MSSL, a subsidiary of Micro Technologies India provides a range of security products to help commercial and residential premises that helps decision makers in managing their security risks, while limiting their exposure to \\`negligent security\\` litigation.
MicroVBB is an messaging and anti-theft security system with various sensors installed in vehicle, this intelligent box senses events such as smoke identification, emergency alert switch, Telematics, intrusion detection of vehicle doors and immediately intimates these events to vehicle owner\\`s mobile, telephone or through e-mail....
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Posted by : Suresh27Tracked by: 0 Boarder
Once again Micro Technologies (India) Ltd. (Code: 532494) (Rs.230) has announced excellent results for Q1FY09. Total revenue as well as net profit shot up by 65% to Rs.58 cr. and Rs.17.50 cr. respectively recording an EPS of Rs.16 in this single quarter itself. For FY08, it had recorded an EPS of Rs.48 with net profit of Rs.53 cr. on its total revenue of Rs.171 cr. The company is a global provider of security, safety and life-support solutions with the first of its kind and innovative products for security of home, office, shop, vehicle, laptop, mobile etc. It also has a business agreement with MTNL as well as Airtel to offer Lost Mobile Tracking System to their customers. Few weeks ago, it introduced a GPS based product called ‘Buddy Tracking System’ to know the real time location of users. Given the current share market condition, the company has again reduced the FCCB conversion price by 18% from Rs.304 to Rs.250. Although this indicates that both bondholders and the company are interested in conversion, not redemption, this will lead to further equity dilution by 45 lakh shares. For FY09, it is expected to report a topline of Rs.250 cr. with bottomline of Rs.70 cr. i.e. an EPS of Rs.54 on its fully diluted equity of Rs.13 cr. Even at modest discounting by 8 times, the share price has the potential to hit a new high of above Rs.400 in 12-15 months.
Source: Saarthi of Money Times 4 Aug 08
...
BSE Announcements on Micro Tech
Posted by : MMB MessengerTracked by: 0 Boarder
Micro Technologies India Ltd has informed BSE that w.r.t. the issue of FCCB by the Company in July, 2007 and appointment of The Bank of New York as Trustees for FCCB issue. Pursuant to the issue the following documents were executed / issued: (1) Trust Deed dated July 20, 2007 and (2) Terms and Conditions of the bonds.
One of the conditions of these issue is to reset the FCCB conversion prices on July 20,
2008.
Further the Company inform that pursuant to this new adjusted price / reset price for conversion is Rs 250 (Being the price calculated as per the Foreign Currency Convertible
Bonds and Ordinary Shares (Through Depositary Receipt Mechanism) Scheme, 1993 as amender by Foreign Currency Convertible Bonds and Ordinary Shares (Through Depositary Receipt Mechanism) (Amendment) Scheme, 2005.
The same has already been approved by the Stock Exchange at the time of issue of FCCBs and certified by the statutory auditors....
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