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Lakshmi Machine Works
about Lakshmi machine
Posted by :
Leave it.Tracked by: 1 Boarder
To mny matters.
Just for your information, as we discussed ten days back about the sliding prices.
Five people put rs.5k each for a total of 25K.Each day one will monitor the CMP and decide the purchace price, if falls below Rs.825.00. to buy five shares only perday or six shares if the rates contain the purse. If the rates go beyond the target price, no deal for that day. Like wise to make purchases, with the total amount at our disposal. Only one has opted for CMP @Rs.825 and the other four have opted @Rs.800. only. After the entire sum is utilised, according to the CMP available, the purchases will be completed. As all five are trading members, each contract will be for one of them ,just to avoid the transfer.Once the money is fully utilised the average cost is shared and the shares purchased will be in their own names. This plan is for this month only.
You must note the following points. shares are got for Rs.800 or less. Per day one transaction and the last man can prefer to strike a deal within the month at any price, but less than Rs.800.00. The scheme is valid for this month only.
Last month Opto circuit was worked out. Target price was fixed at Rs.260.00. Could work it out on XD basis only on 29-09-08. cost per share was around 237.00xd--20 shares each directly credited to their DP account. see how this understanding of the syndicate working in the capital market.
v.krishnamoorthy...
In reply to:
about Lakshmi machine
Posted by : mny_matters
am also of the opinion to avoid the stock at current levels even if it offers value as the less liquidity will continue to drag the price down and bounces will be small. 
looking weak
Posted by : vkk43Tracked by: 0 Boarder
Yes fundamentally the shares are quite strong. Technically the share had become weak somewhat....
In reply to:
looking weak
Posted by :
devendra_saraf
Fundamentals are very very strong. Stock can be another crorepati maker like infosys.
looking weak
Posted by : devendra_sarafTracked by: 0 Boarder
Fundamentals are very very strong. Stock can be another crorepati maker like infosys....
In reply to:
looking weak
Posted by : vkk43
The share has broken its support and is looking weak.
looking weak
Posted by : vkk43Tracked by: 0 Boarder
The share has broken its support and is looking weak....
about Lakshmi machine
Posted by : mny_mattersTracked by: 1 Boarder
am also of the opinion to avoid the stock at current levels even if it offers value as the less liquidity will continue to drag the price down and bounces will be small....
In reply to:
about Lakshmi machine
Posted by : Leave it.
To mny matters
there will be no large activity in this scrip. It will be like an investment in bank. Will give one interim by Novemember and another in June. It will be equivalent to 4% SB interest(yield). In case there is a spurt for any reasons, you can make a profit and come out.
A market price below Rs.800 is ideal for investment. Below thousand will make a good investment.
You should not expect any fireworks in this scrip. CMP is a good price to take risk. Face value the scrip is Rs.10.00 and the CMP is below RS.960. Banks are giving a best return now when compared to the companies. So don\\`t invest more than 10 to 15 percent of your surplus in the shares. The effect of economic growth will be seen after one year to two years. The present movement in prices of the shares are market making,absolutely unrelated to the present conditions of the working the company.
Any new investor can have a try with an investment of Rs.10000/- to see the growth. If satisfied with the movement of the price of the share of the company ,as shareholder, he can decide for further investment. In my opinion it will regain the lost ground ny Rs.300 to Rs.400 in one year.
v.krishnamoorthy
about Lakshmi machine
Posted by : Leave it.Tracked by: 1 Boarder
To mny matters
there will be no large activity in this scrip. It will be like an investment in bank. Will give one interim by Novemember and another in June. It will be equivalent to 4% SB interest(yield). In case there is a spurt for any reasons, you can make a profit and come out.
A market price below Rs.800 is ideal for investment. Below thousand will make a good investment.
You should not expect any fireworks in this scrip. CMP is a good price to take risk. Face value the scrip is Rs.10.00 and the CMP is below RS.960. Banks are giving a best return now when compared to the companies. So don\\`t invest more than 10 to 15 percent of your surplus in the shares. The effect of economic growth will be seen after one year to two years. The present movement in prices of the shares are market making,absolutely unrelated to the present conditions of the working the company.
Any new investor can have a try with an investment of Rs.10000/- to see the growth. If satisfied with the movement of the price of the share of the company ,as shareholder, he can decide for further investment. In my opinion it will regain the lost ground ny Rs.300 to Rs.400 in one year.
v.krishnamoorthy ...
In reply to:
about Lakshmi machine
Posted by : mny_matters
i think in bear phase valuations will make less of the case. the stock will react if the promotors will try to take some measures to adjust to the changing market dynamics.
stock needs the trading interest if ur investment value needs to grow, so unless promotors of the companies like lmw, alfa laval, atlas copco, areva takes measure to create liquidity like announcing bonus and splits nothing will come across.
as the sector is already less followed and less liquidity will further drag these counters down
about Lakshmi machine
Posted by : mny_mattersTracked by: 1 Boarder
i think in bear phase valuations will make less of the case. the stock will react if the promotors will try to take some measures to adjust to the changing market dynamics.
stock needs the trading interest if ur investment value needs to grow, so unless promotors of the companies like lmw, alfa laval, atlas copco, areva takes measure to create liquidity like announcing bonus and splits nothing will come across.
as the sector is already less followed and less liquidity will further drag these counters down...
In reply to:
about Lakshmi machine
Posted by : sha
1962 - The company was incorporated on 14th September, at Chennai. It manufactures textile machinery
1981 - 1,52,394 bonus shares issued in prop. 3:5
1989 - - 2,03,192 bonus shares issued in prop. 1:2
1997 - 6,09,576 bonus shares issued in prop. 1:1.
2008-09 - ?!?!?!?!?!
If you are a long term investor HOLD it / even you can accumulate at lower level
about Lakshmi machine
Posted by : shaTracked by: 1 Boarder
1962 - The company was incorporated on 14th September, at Chennai. It manufactures textile machinery
1981 - 1,52,394 bonus shares issued in prop. 3:5
1989 - - 2,03,192 bonus shares issued in prop. 1:2
1997 - 6,09,576 bonus shares issued in prop. 1:1.
2008-09 - ?!?!?!?!?!
If you are a long term investor HOLD it / even you can accumulate at lower level...
In reply to:
about Lakshmi machine
Posted by : hari24
What about LMW at the rate of 1613. I have purchase 75 lmw @ 1613. I want to hold this share for 5 or 6 years. Is it\\\\\\\\\\\\\'s future is bright. Is it bonus candidate.
about Lakshmi machine
Posted by : hari24Tracked by: 1 Boarder
What about LMW at the rate of 1613. I have purchase 75 lmw @ 1613. I want to hold this share for 5 or 6 years. Is it\\\\\\\\\\\\\'s future is bright. Is it bonus candidate....
hold
Posted by : emkay_stocksTracked by: 0 Boarder
Dear Leaveit,
They have to take shareholders approval in constructing property and since its price sensitive information they have to report it to the stock exchanges. They must have reported long time back since they entered the agreement in 2005 and is slated to be completed next year. But no point in holding stocks because they have a land in the backyard etc, etc. What is main is the core business and I will suggest LMW share holders to remain invested in the stock rather than shift to ICC. My suggestion would be to avoid all TEXTILE stocks for the time being till there is a revival and also investor interest. But if one has to make a choice between LMW and ICC, go for LMW and dont think of landbank, IT park etc.. Good Luck...
In reply to:
hold
Posted by : Leave it.
Daer Friends,
I learn that that some constructions are going on which will be most suitable for IT parks.Perhaps, they may rent it out to any one or lease it to an IT company. They are very clever people and you may recollect how they accquired the Textool shares five years back.
To construct a building in their vacant land neend not be informed to BSE or NSE.
That is all for the moment.
v.krishnamoorthy
hold
Posted by : emkay_stocksTracked by: 0 Boarder
ICC = INDIAN CARD CLOTHING, bse listed company.
Its not INTERNATIONAL CRICKET COUNCIL :)...
In reply to:
hold
Posted by :
kdeep_kotak
wat is the full name of ICC..??
hold
Posted by : kdeep_kotakTracked by: 0 Boarder
wat is the full name of ICC..??...
In reply to:
hold
Posted by : vkk43
Waiting for your next msg on this. Thanks.
hold
Posted by : Leave it.Tracked by: 0 Boarder
Daer Friends,
I learn that that some constructions are going on which will be most suitable for IT parks.Perhaps, they may rent it out to any one or lease it to an IT company. They are very clever people and you may recollect how they accquired the Textool shares five years back.
To construct a building in their vacant land neend not be informed to BSE or NSE.
That is all for the moment.
v.krishnamoorthy...
In reply to:
hold
Posted by : emkay_stocks
Dear vkk43,
As i said in my previous post, i will revert with more details soon. The news is "confirmed" that they are constructing IT PARK in the surplus land. Has the construction started, when is the likely date for completion, why its not announced to the bse etc ., these details I shall post very soon.
Tracked by: 0 Boarder
Waiting for your next msg on this. Thanks....
In reply to:
hold
Posted by : emkay_stocks
Dear vkk43,
As i said in my previous post, i will revert with more details soon. The news is "confirmed" that they are constructing IT PARK in the surplus land. Has the construction started, when is the likely date for completion, why its not announced to the bse etc ., these details I shall post very soon.
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