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Deccan Aviation
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NSE Announcements on Deccan Aviation
Posted by :
MMB MessengerTracked by: 0 Boarder
Deccan Aviation Limited has informed the Exchange that "Consequent to the change in the accounting period for the year 2007-2008 from 30th June 2008 to 31st March 2008, the company has been granted extension of time to hold the Annual General Meeting of the company upto 31st December, 2008 by the Registrar of Companies, Karnataka vide letter dated 30th September, 2008"....
BSE Announcements on Deccan Aviation
Posted by : MMB MessengerTracked by: 0 Boarder
Deccan Aviation Ltd has informed BSE that consequent to the change in the accounting period for the year 2007-2008 from June 30, 2008 to March 31, 2008, the Company has been granted extension of time to hold the Annual General Meeting of the Company upto December 31, 2008 by the Registrar of Companies, Karnataka vide letter dated September 30, 2008....
BUY Air Deccan imm tgt Rs.70-73
Posted by : GuestTracked by: 0 Boarder
Buy Air Deccan air CMP, Meril Linch put buy Call for Air Deccan with a quick tgt of Rs.70-73 in 2-3 trading session....
NSE Announcements on Deccan Aviation
Posted by : MMB MessengerTracked by: 0 Boarder
Deccan Aviation Limited has informed the Exchange vide its letter dated September 29, 2008, that: "The last audited accounts of the Company adopted by the shareholders of the Company was for the accounting period 1st July, 2006 to 30th June, 2007. Subsequently, the commercial airline business of Kingfisher Training and Aviation Services Limited (erstwhile Kingfisher Airlines Limited) was de-merged and transferred into the Company (erstwhile Deccan Aviation Limited) pursuant to a Composite Scheme of Arrangement ("the Scheme") sanctioned by the Honble High Court of Karnataka at Bangalore. After the Honble High Court of Karnataka granted its approval to the Scheme, other approvals required for integrating the airline businesses effectively and as envisaged in the Scheme were obtained recently. The Company is now in the process of compiling and integrating the accounts of the two entities which have different "Financial Years" (Kingfisher Training and Aviation Services Limiteds accounting year ends on 31st March and the Companys accounting year currently ends on 30th June). The Board of Directors at its meeting today decided that it will be in the interest of shareholders as well as the Company to present one single financial statement to the shareholders commencing April 1, 2008, the Appointed Date under the Scheme of de-merger, and ending on 31st March, 2009. The Board was of the view that this will give the shareholders a transparent financial statement of the airline business post-integration. This will also enable the Company to synchronise its accounting year as April 1 to March 31 every year in the line with the uniform financial year of other Companies in the UB Group, of which the Company is a constituent. Accordingly, the Board of Directors resolved at the meeting held today that, the Accounting period for the Financial Year 2007-2008 shall be for a period of 9 months ie. from 1st July, 2007 to 31st March, 2008 instead of a 12 month period ie 1st July, 2007 to 30th June, 2008 and that, the subsequent financial years shall be from 1st April to 31st March. As stated vide our letter dated 10th July 2008, we did not publish the Un-audited Financial Results for the quarter ended 30th June, 2008 of the Company with a view to publishing the Audited Accounts before 30th September, 2008 in terms of the Listing Agreement. In the circumstances mentioned above, we will now be publishing the Un-audited Financial Results for the quarter ended 30th June 2008 and 30th September 2008 on or before 31st October 2008"....
BSE Announcements on Deccan Aviation
Posted by : MMB MessengerTracked by: 0 Boarder
Deccan Aviation Ltd has informed BSE that the last audited accounts of the Company adopted by the shareholders of the Company was for the accounting period July 01, 2006 to June 30, 2007.
Subsequently, the commercial airline business of Kingfisher Training and Aviation Services Ltd (erstwhile Kingfisher Airlines Ltd) was de-merged and transferred into the Company (erstwhile Deccan Aviation Ltd) pursuant to a Composite Scheme of Arrangement ("the Scheme") sanctioned by the Honble High Court of Karnataka at Bangalore.
After the Honble Nigh Court of Karnataka granted its approval to the Scheme, other approvals required for integrating the airline businesses effectively and as envisaged in the Scheme were obtained recently.
The Company is now in the process of compiling and integrating the accounts of the two entities which have different "Financial Years" (Kingfisher Training and Aviation Services Ltds accounting year ends on March 31st and the Companys accounting year currently ends on June 30th).
The Board of Directors at its meeting on September 29, 2008 decided that it will be in the interest of shareholders as well as the Company to present one single financial statement to the shareholders commencing April 01, 2008, the Appointed Date under the Scheme of de-merger, and ending on March 31, 2009. The Board was of the view that this will give the shareholders a transparent financial statement of airline business post-integration. This will also enable the Company to synchronise its accounting year as April 01st to March 31st every year in line with the uniform financial year of other Companies in the UB Group, of which the Company is a constituent. Accordingly, the Board of Directors resolved at the meeting held on September 29, 2008 that, the Accounting period for the Financial Year 2007-2008 shall be for a period of 9 months i.e. from July 01, 2007 to March 31, 2008 instead of a 12 month period i.e. July 01, 2007 to June 30, 2008 and that, the subsequent financial years shall be from April 01st to March 31st.
The Company did not publish the Un-audited Financial Results for the quarter ended June 30, 2008 of the Company with a view to publishing the Audited Accounts before September 30, 2008.
In the circumstances mentioned above, the Company will now be publishing the Un-audited Financial Results for the quarter ended June 30, 2008 and September 30, 2008 on or before October 31, 2008....
NSE Announcements on Deccan Aviation
Posted by : MMB MessengerTracked by: 0 Boarder
Members of the Exchange are hereby informed that the name of Deccan Aviation Limited shall be changed to Kingfisher Airlines Limited and the trading symbol of the Company be changed from AIRDECCAN to KFA w.e.f. October 06, 2008....
Exit Deccan Aviation around Rs 96-98: Bhambwani
Posted by :
kkjayendranTracked by: 0 Boarder
u can trust vijay to pull up this stock by its collar soon....
In reply to:
Exit Deccan Aviation around Rs 96-98: Bhambwani
Posted by : MMB Messenger
Technical Analyst, Vijay Bhambwani is of the view that one can exit Deccan Aviation around Rs 96-98. 
Exit Deccan Aviation around Rs 96-98: Bhambwani
Posted by : MMB MessengerTracked by: 0 Boarder
Technical Analyst, Vijay Bhambwani is of the view that one can exit Deccan Aviation around Rs 96-98....
multibaggerstockadvisor.blogspot. com
Posted by : GuestTracked by: 0 Boarder
a prominent decision could help us to build a solid portfolio and make handsome gains...
Future of Aviation industry equity
Posted by : aravindhancTracked by: 0 Boarder
Thanks a lot,Dhiraj for spending time replying back to my post.I did buy this stock today.Lets hope for the best.
Take care and happy trading :)
Cheers,
Aravindhan...
In reply to:
Future of Aviation industry equity
Posted by : spectramind
Hi Aravindhanc,
Three cost components are important when looking in the aviation industry-
1 Investment in the aircrafts (buy/lease)
2.Oil
3.Staffing cost(airport taxes/charges,employees\\` cost,advertising etc)
Oil price is coming down +ve, Kingfisher has gone International +ve & aviation policy going +ve for all airlines.
The merger of air deccan & kingfisher into 1 entity will certainly improve the margins. It will enhance better staff management,hedging oil & Brand image building.
Look at the 52 week high and low of this scrip Its trading 7 times lower from its all time high. Life high Rs 350 odd to Rs 70 odd.
Good time to buy this stock
Cheers
Dhiraj
Tracked by: 0 Boarder
will deccan aviation ever touch 100...
Future of Aviation industry equity
Posted by : spectramindTracked by: 0 Boarder
Hi Aravindhanc,
Three cost components are important when looking in the aviation industry-
1 Investment in the aircrafts (buy/lease)
2.Oil
3.Staffing cost(airport taxes/charges,employees\\` cost,advertising etc)
Oil price is coming down +ve, Kingfisher has gone International +ve & aviation policy going +ve for all airlines.
The merger of air deccan & kingfisher into 1 entity will certainly improve the margins. It will enhance better staff management,hedging oil & Brand image building.
Look at the 52 week high and low of this scrip Its trading 7 times lower from its all time high. Life high Rs 350 odd to Rs 70 odd.
Good time to buy this stock
Cheers
Dhiraj...
In reply to:
Future of Aviation industry equity
Posted by : aravindhanc
Hi,
Does anyone know what the future of the Aviation industry equity shares?What are chances for the individuals like Deccan(kingfisher),Spicejet to hit their 52 week high?As of now,the future looks bleak.
Cheers....
Future of Aviation industry equity
Posted by : aravindhancTracked by: 0 Boarder
Hi,
Does anyone know what the future of the Aviation industry equity shares?What are chances for the individuals like Deccan(kingfisher),Spicejet to hit their 52 week high?As of now,the future looks bleak.
Cheers.......
on Watch
Posted by : zoombusinessTracked by: 0 Boarder
watch deccan aviation ..93.15.. and IFCI .......50
they will giv eprofit today ...
Deccan
Posted by : zoombusinessTracked by: 0 Boarder
Deccan moving new high of 92.8.......
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