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Micro Technologies
NSE Announcements on Micro Tech
Posted by :
MMB MessengerTracked by: 0 Boarder
Micro Technologies (India) Limited has informed the Exchange that the Register of Members & Share Transfer Books of the Company will remain closed from September 22, 2008 to September 29, 2008 (both days inclusive) for the purpose of payment of dividend and Annual General Meeting (AGM) of the members of the Company to be held on September 29, 2008....
BSE Announcements on Micro Tech
Posted by : MMB MessengerTracked by: 0 Boarder
Micro Technologies India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 22, 2008 to September 29, 2008 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Company to be held on September 29, 2008....
Micro Tech enters Kenya
Posted by :
bhojasTracked by: 1 Boarder
Dear Taumatt,
Stock market investments should be for long term. Be patient. When there isn't any change in companies fundamental, why are you worried.
-manish...
In reply to:
Micro Tech enters Kenya
Posted by :
taumatt
Manish - Your response is comforting. But even this friday when almost every stock rose, microtec\\`s share actually fell by a few points. I have been accumulating its shares for the past month and half based on the rationale you also mentioned. But now I am beginning to feel jittery.
- taumatt 
NSE Announcements on Micro Tech
Posted by : MMB MessengerTracked by: 0 Boarder
Micro Technologies (India) Limited has informed the Exchange regarding the outcome of the Board Meeting of the company held on August 29, 2008. Further, the company has informed the Exchange that the Annual General Meeting of the company is scheduled to be held on September 29, 2008. The details of the outcome of board meeting 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 Micro Tech
Posted by : MMB MessengerTracked by: 0 Boarder
Micro Technologies (India) Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on August 29, 2008 have recommended the Dividend at the rate 20% (i.e. Rs.2/- per share) for the year ended March 31, 2008....
Micro Tech in expansion mode
Posted by : anup6003Tracked by: 1 Boarder
31 Aug, 2008, 0202 hrs IST, ET Bureau
MUMBAI: Micro Technologies, a city-based security products company, is on an expansion mode by leveraging locations of Hindustan Petroleum Company (HPCL).
Starting with five HPCL petrol pumps in Mumbai, in three months, 500 HPCL outlets will have Micro Shoppees, retail stores of Micro Technologies. The numbers will go up to over 7,000 in future, Micro Retail CEO Vivek Rai said. Micro Technologies runs its retail business through Micro Retail.
“We have long been associated with HPCL. They (HPCL) have been using our products and has won awards owing to it. Therefore, we have decided to kick-start the process by forging alliance with HPCL. This will be extended to other partners later,” Rai told ET. Revenues from these outlets will be shared between both the companies.
Micro Retail has 100 outlets of Micro Shoppees. It will invest Rs 5-7 lakh for setting up each store. Nearly 20% of the stores are company-owned while the remaining is owned by dealers. The average store size is 500 square feet with an average monthly rental of Rs 15,000.
It had a turnover of over Rs 30 crore last year which is expected to quadruple by next year. Micro Retail’s hardware products constitute 45% of its turnover while the software business earns 55%.
Mr Rai added, “People save on insurance buying our products. thankfully, we are a cash-rich company. We are also supported by the strong balance sheet of our parent company, Micro Technologies.”
Mr Rai said that they have no competition excepting the category consisting of video-phones, which are negligible. The combined turnover of video-phones is nearly 2% of the company.
Micro Retail has received overseas contracts. It will soon expand its operations in Sri Lanka, Middle East( mainly UAE, Saudi Arabia), East and South Africa. It has already signed agreements with dealers in these countries for distribution of products.
...
Micro Tech enters Kenya
Posted by : taumattTracked by: 1 Boarder
But that still does not fully explain its price trend....
In reply to:
Micro Tech enters Kenya
Posted by : Lushka
It is a miser company.With a early earning of Rs.54 per share,they are giving a misely dividend of Rs.2 per share.This-in the name of further expansion.It will be better if the chairman renunciates his salary to put it for further expansion!!!
Micro Tech enters Kenya
Posted by : LushkaTracked by: 1 Boarder
It is a miser company.With a early earning of Rs.54 per share,they are giving a misely dividend of Rs.2 per share.This-in the name of further expansion.It will be better if the chairman renunciates his salary to put it for further expansion!!!...
In reply to:
Micro Tech enters Kenya
Posted by : bhojas
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
BSE Announcements on Micro Tech
Posted by : MMB MessengerTracked by: 0 Boarder
Micro Technologies India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 29, 2008, inter alia, has discussed the following:
1. The Directors have recommended the Dividend at the rate of 20% (i.e. Rs 2/- per share) for the year ended March 31, 2008.
2. Considering the future expansion plan of the Company, the Board has appointed Mr. Vinayak Hajare, as the Director of the Company. The Board has in turn considered and approved the resignation of Mr. Manish Ladage as the Director.
3. The Board has received the letter from auditors, Shabbir & Rita Associates, Mumbai to relieve them as auditors from the ensuing 16th Annual General Meeting which was considered and accepted by the Board.
4. The Board has received the consent of M/s. Kaushal Manish & Company Mumbai for the appointment of auditors of the Company in place of Shabbir & Rita Associates, Mumbai from the ensuing 16th Annual General Meeting. The Board considered the same and forwarded the same for the approval of the members in the ensuing 16th Annual General Meeting.
5. The Board was informed about the rigorous marketing plans of the Company through its subsidiary Micro Retail Ltd., and establishes Micro Shoppe Extension Counters with big brands. Initially, these Micro Shoppe Extension Counters would be established at outlets of one of the large petroleum Companies across major metros and would be effective from September 01, 2008....
Micro Tech enters Kenya
Posted by : taumattTracked by: 1 Boarder
Manish - Your response is comforting. But even this friday when almost every stock rose, microtec\\`s share actually fell by a few points. I have been accumulating its shares for the past month and half based on the rationale you also mentioned. But now I am beginning to feel jittery.
- taumatt ...
In reply to:
Micro Tech enters Kenya
Posted by : bhojas
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
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"...
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