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Dhanus Technologies
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buy Dhanus@60
Posted by :
White n WhiteTracked by: 0 Boarder
Yes Peeysush,
Something fishy here. It seems some brokers have offloaded stock at higher level.
Company backed off from acquisition plan. Company wanted to come out with FCCB and they passed resolution for this matter.
Now if it is cash rich company why it need FCCB? Declare good results earn good money from various issue this was mantra of some software sector in past and this is happening it right now in this many company
...
In reply to:
buy Dhanus@60
Posted by : Peeyush
On What Basis? Whene there are just no buyers. Only sellers at all rates. See no one is buying this
Dhanus Technologies is locked at 5% lower circuit. It has touched a 52-week low of Rs 63.25. At 11:16 am, the share was quoting at Rs 63.25, down Rs 3.3.
The company is not to go ahead with acquisition of Borusan Holding A.S (It had signed deal to acquire company for USD 30 million in January), reports CNBC-TV18.
As per BSE Announcement Company says that with reference to the earlier announcement dated on January 16, 2008, regarding the share purchase agreement towards the acquisition of Borusan Holding A.S. (The Company had initially entered into a Share Purchase Agreement for 100% acquisition of Borusan Telekom), Dhanus Technologies Ltd now informs that the overall enterprise valuation of Borusan Telekom at the time of signing the Share Purchase Agreement was USD 30 million. Given the Company`s aggressive growth plans, through both the organic and inorganic route, it was felt at the time of signing that the valuation at which the Company was acquiring Borusan Telekom was not a cause for concern.
However, in view of the volatile markets and the slow pace of consolidation in the last many months, the market capitalization of almost all companies have, come down by 50-60% as compared to what it was at the beginning of the year. The bankruptcy of leading financial institutions, funds, and investment banks in the US and the vulnerability, and possible collapse of European banks has led to severe melt-down of global markets resulting in a ripple effect thereby further impacting valuations of companies across all sectors.
In view of erosion in valuations of companies over the last few months, the Company firmly believes that the enterprise valuation of Borusan Telekom has reduced substantially and it would therefore not be prudent and in the best interest of the Company and its stakeholders to go ahead with the acquisition at earlier valuations.
There were pending sell orders of 4,284 shares, with no buyers available.
It was trading with volumes of 5,420 shares. Yesterday the share closed down 4.93% or Rs 3.45 at Rs 66.55. 
the problem with circuits
Posted by :
GuestTracked by: 0 Boarder
this is really the problem with circuits the guys who want to get to get out find it diffivcult tog et out and once it will bottom out we cabnt get in coz it keeps hitting UCs
hmph i have bnought it at 170 thought i will avarage at 130 havent averaged it yet lol!...
BSE Announcements on Dhanus Tech
Posted by : MMB MessengerTracked by: 0 Boarder
Dhanus Technologies Ltd has informed BSE that the Company has received approval for Extension of Annual General Meeting (AGM) for 1 month and 5 days from Registrar of Companies, Tamil Nadu, Chennai.
Accordingly, the date of the Book Closure is revised to December 23, 2008 to December 24, 2008 (both days inclusive) for the purpose of dividend and Annual General Meeting. The ensuing annual general meeting is scheduled to be held on December 24, 2008....
NSE Announcements on Dhanus Tech
Posted by : MMB MessengerTracked by: 0 Boarder
Dhanus Technologies Limited has informed the Exchange that Company have received approval for Extension of time for holding the ensuring Annual General Meeting for 1 month and 5 days from Registrar of Companies, Tamil Nadu, Chennai. Further, the Company has informed that the date of the Book Closure is revised to December 23, 2008 to December 24, 2008 (both days inclusive) for the purpose of dividend and Annual General Meeting. The ensuing Annual General Meeting is scheduled to take place on December 24, 2008....
BSE Announcements on Dhanus Tech
Posted by : MMB MessengerTracked by: 0 Boarder
Dhanus Technologies Ltd has informed BSE about the Unaudited financial results for the Quarter ended September 30, 2008....
Sept. Q Results on 31st Oct. 08...Expectations.....
Posted by : My MultibaggersTracked by: 0 Boarder
Dear Peeyush,
I know you are hurt because of price erosion of this scrip. See this share may go even below Rs.10/-. But sooner or later when things stabilize; at that time all fundamentally good shares will again touch new highs in coming days. Best luck.
Take the best decisions....
In reply to:
Sept. Q Results on 31st Oct. 08...Expectations.....
Posted by : Peeyush
who cares at this time of 10% growth. See no volumes. Script is all set to cross the barrier of Rs. 10/-
:)
Sept. Q Results on 31st Oct. 08...Expectations.....
Posted by : PeeyushTracked by: 0 Boarder
who cares at this time of 10% growth. See no volumes. Script is all set to cross the barrier of Rs. 10/-
:)
...
In reply to:
Sept. Q Results on 31st Oct. 08...Expectations.....
Posted by : My Multibaggers
Expected Net profit for Sept. quarter is Rs.29.35 crores (10% growth QOQ).
Take the best decision.
Sept. Q Results on 31st Oct. 08...Expectations.....
Posted by : My MultibaggersTracked by: 0 Boarder
Expected Net profit for Sept. quarter is Rs.29.35 crores (10% growth QOQ).
Take the best decision....
BSE Announcements on Dhanus Tech
Posted by : MMB MessengerTracked by: 0 Boarder
Dhanus Technologies Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from November 22, 2008 to November 24, 2008 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Company....
NSE Announcements on Dhanus Tech
Posted by : MMB MessengerTracked by: 0 Boarder
Dhanus Technologies Limited has informed the Exchange that the Company will be closing its transfer books from November 22, 2008 to November 24, 2008 (both days inclusive) for the purpose of Annual General Meeting and for declaration of Dividend....
Dhanus Tech not going ahead with buy of Borusan, stk down
Posted by : PeeyushTracked by: 0 Boarder
There are no volumss. very soon company would be quoting in a single digit. Keep Smiling ...
In reply to:
Dhanus Tech not going ahead with buy of Borusan, stk down
Posted by : Guest
this seems to be a golmal company to me....
Dhanus Tech not going ahead with buy of Borusan, stk down
Posted by : GuestTracked by: 0 Boarder
this seems to be a golmal company to me.......
In reply to:
Dhanus Tech not going ahead with buy of Borusan, stk down
Posted by : MMB Messenger
Dhanus Technologies is locked at 5% lower circuit. It has touched a 52-week low of Rs 63.25. At 11:16 am, the share was quoting at Rs 63.25, down Rs 3.3. The company is not to go ahead with acquisition of Borusan Holding A.S (It had signed deal to acquire company for USD30 million in January), reports CNBC-TV18.
Dhanus Tech not going ahead with buy of Borusan, stk down
Posted by : MMB MessengerTracked by: 0 Boarder
Dhanus Technologies is locked at 5% lower circuit. It has touched a 52-week low of Rs 63.25. At 11:16 am, the share was quoting at Rs 63.25, down Rs 3.3. The company is not to go ahead with acquisition of Borusan Holding A.S (It had signed deal to acquire company for USD30 million in January), reports CNBC-TV18....
is it doomsday ahead for this small cap stock
Posted by : PeeyushTracked by: 0 Boarder
one need to have cash to pay out the dividend.
Dividend can not be distributed on papers.
:)
...
In reply to:
Dhanus Tech not going ahead with buy of Borusan, stk down
Posted by : MMB Messenger
Dhanus Technologies is locked at 5% lower circuit. It has touched a 52-week low of Rs 63.25. At 11:16 am, the share was quoting at Rs 63.25, down Rs 3.3. The company is not to go ahead with acquisition of Borusan Holding A.S (It had signed deal to acquire company for USD30 million in January), reports CNBC-TV18.
buy Dhanus@60
Posted by : PeeyushTracked by: 0 Boarder
On What Basis? Whene there are just no buyers. Only sellers at all rates. See no one is buying this
Dhanus Technologies is locked at 5% lower circuit. It has touched a 52-week low of Rs 63.25. At 11:16 am, the share was quoting at Rs 63.25, down Rs 3.3.
The company is not to go ahead with acquisition of Borusan Holding A.S (It had signed deal to acquire company for USD 30 million in January), reports CNBC-TV18.
As per BSE Announcement Company says that with reference to the earlier announcement dated on January 16, 2008, regarding the share purchase agreement towards the acquisition of Borusan Holding A.S. (The Company had initially entered into a Share Purchase Agreement for 100% acquisition of Borusan Telekom), Dhanus Technologies Ltd now informs that the overall enterprise valuation of Borusan Telekom at the time of signing the Share Purchase Agreement was USD 30 million. Given the Company`s aggressive growth plans, through both the organic and inorganic route, it was felt at the time of signing that the valuation at which the Company was acquiring Borusan Telekom was not a cause for concern.
However, in view of the volatile markets and the slow pace of consolidation in the last many months, the market capitalization of almost all companies have, come down by 50-60% as compared to what it was at the beginning of the year. The bankruptcy of leading financial institutions, funds, and investment banks in the US and the vulnerability, and possible collapse of European banks has led to severe melt-down of global markets resulting in a ripple effect thereby further impacting valuations of companies across all sectors.
In view of erosion in valuations of companies over the last few months, the Company firmly believes that the enterprise valuation of Borusan Telekom has reduced substantially and it would therefore not be prudent and in the best interest of the Company and its stakeholders to go ahead with the acquisition at earlier valuations.
There were pending sell orders of 4,284 shares, with no buyers available.
It was trading with volumes of 5,420 shares. Yesterday the share closed down 4.93% or Rs 3.45 at Rs 66.55....
In reply to:
Dhanus Tech not going ahead with buy of Borusan, stk down
Posted by : MMB Messenger
Dhanus Technologies is locked at 5% lower circuit. It has touched a 52-week low of Rs 63.25. At 11:16 am, the share was quoting at Rs 63.25, down Rs 3.3. The company is not to go ahead with acquisition of Borusan Holding A.S (It had signed deal to acquire company for USD30 million in January), reports CNBC-TV18.
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