Stocks to avoid
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Mediaone Global Entertainment Ltd
Mediaone Global Entertainment Ltd
Story:This company is headquartered in Chennai with a branch office in Bengaluru and a wholly-owned subsidiary in London. Its focus is on film exhibition along with production and distribution. One of its recent productions was titled Dhaam Dhoom. Probably, the stock is also inspired by the title? It has weathered the global crisis to zoom by a humungous 1,325% in a matter of eight months from Rs8 in August 2008 to Rs116 currently. Do its fundamentals warrant this explosive rally? Well, Mediaone reported a loss of Rs49 lakh on a turnover of Rs10.34 crore in the December 2008 quarter. SEBI has a sophisticated surveillance system. Is it looking at a stock like this at all?
Mediaone Global Entertainment Ltd
Story:This company is headquartered in Chennai with a branch office in Bengaluru and a wholly-owned subsidiary in London. Its focus is on film exhibition along with production and distribution. One of its recent productions was titled Dhaam Dhoom. Probably, the stock is also inspired by the title? It has weathered the global crisis to zoom by a humungous 1,325% in a matter of eight months from Rs8 in August 2008 to Rs116 currently. Do its fundamentals warrant this explosive rally? Well, Mediaone reported a loss of Rs49 lakh on a turnover of Rs10.34 crore in the December 2008 quarter. SEBI has a sophisticated surveillance system. Is it looking at a stock like this at all?
Channel Guide India Ltd
Channel Guide India Ltd
Story:If you had bought this share in December 2008 when it was trading at Rs3, you would have made a profit of 500%. What does this company do that justifies such a huge rise in its share price over four months? Channel Guide India is apparently into the broadcasting business. The company also focuses on dubbing regional programmes on a common platform, multi-channel commercial teleporting, production of low-budget telefilms. This is a hot area and so Channel Guides numbers must be great, right? Well, for the December quarter, the company has reported an operational loss of Rs11 lakh on an income of just Rs41 lakh. But then this company has been reporting losses for the past three quarters and not just in December 2008.
Channel Guide India Ltd
Story:If you had bought this share in December 2008 when it was trading at Rs3, you would have made a profit of 500%. What does this company do that justifies such a huge rise in its share price over four months? Channel Guide India is apparently into the broadcasting business. The company also focuses on dubbing regional programmes on a common platform, multi-channel commercial teleporting, production of low-budget telefilms. This is a hot area and so Channel Guides numbers must be great, right? Well, for the December quarter, the company has reported an operational loss of Rs11 lakh on an income of just Rs41 lakh. But then this company has been reporting losses for the past three quarters and not just in December 2008.
CNI Research Ltd
CNI Research Ltd
Story:This company is apparently in the business of disseminating daily stock market insight with crucial FII nos through its website www.chamatkar.com. As it says about itself: This website has been developed by its team of highly qualified technicians mainly Chartered Accountants, Research Analysts and Reliable Informers who are associated with FIIs, Domestic Institutions and Market Operators. In December 2008, the stock was at Rs2.50. It is now trading at Rs11 a rise of 425%. A turnaround story maybe? Look at the fundamentals. For the December quarter, it earned Rs28 lakh from its business operations and incurred a loss of Rs99 lakh in trading! Perhaps reliable informers associated with FIIs, domestic institutions and market operators probably sums up why the stock is doing so well in a market like this with such poor fundamentals. Sure, SEBI and BSE both have investigation departments; but so what?
CNI Research Ltd
Story:This company is apparently in the business of disseminating daily stock market insight with crucial FII nos through its website www.chamatkar.com. As it says about itself: This website has been developed by its team of highly qualified technicians mainly Chartered Accountants, Research Analysts and Reliable Informers who are associated with FIIs, Domestic Institutions and Market Operators. In December 2008, the stock was at Rs2.50. It is now trading at Rs11 a rise of 425%. A turnaround story maybe? Look at the fundamentals. For the December quarter, it earned Rs28 lakh from its business operations and incurred a loss of Rs99 lakh in trading! Perhaps reliable informers associated with FIIs, domestic institutions and market operators probably sums up why the stock is doing so well in a market like this with such poor fundamentals. Sure, SEBI and BSE both have investigation departments; but so what?
Kadamb Constructions ltd
Kadamb Constructions ltd
Story:From just Rs13 in December 2008, the stock of Kadamb has consistently shot up and currently trades at Rs40. This translates into a rise of more than 200% over the past three-and-a-half months. It is immune to slowdown, credit crunch and such minor problems. According to the company's disclosure to the BSE in end-December, the business of the company is under two segments, i.e., in constructions and the other relating to derivatives trading. However, no activity has been carried on during the period under review in the construction segment. The above results relate only to the derivatives segment. It reported operational revenue of Rs2.46 crore for the December quarter and a loss of Rs8 lakh for the same period.
Kadamb Constructions ltd
Story:From just Rs13 in December 2008, the stock of Kadamb has consistently shot up and currently trades at Rs40. This translates into a rise of more than 200% over the past three-and-a-half months. It is immune to slowdown, credit crunch and such minor problems. According to the company's disclosure to the BSE in end-December, the business of the company is under two segments, i.e., in constructions and the other relating to derivatives trading. However, no activity has been carried on during the period under review in the construction segment. The above results relate only to the derivatives segment. It reported operational revenue of Rs2.46 crore for the December quarter and a loss of Rs8 lakh for the same period.
SGN Telecoms Ltd
SGN Telecoms Ltd
Finally the darling of small investors is here.SGN Telecoms Ltd is the company which only exists on paper,the stock which moves up only to come down,the firm which has been a mutlibagger and also a multibegger,so guys "dikhawa pe mat jao apni akal lagao,sgn bujhaye bas penny stock ki pyas-baki fundamental aur company dono bakwas.
SGN Telecoms Ltd
Finally the darling of small investors is here.SGN Telecoms Ltd is the company which only exists on paper,the stock which moves up only to come down,the firm which has been a mutlibagger and also a multibegger,so guys "dikhawa pe mat jao apni akal lagao,sgn bujhaye bas penny stock ki pyas-baki fundamental aur company dono bakwas.
I just saw the moneylife pages from where these have been lifted. And to me it seems that the moneylife author is just ranting and doesn't really understand what the share price is about.
It is totally possible for a company to underperform and still have its share price rising.
Those who are into news based trading will know that even though many times the results are positive, the share price either does not increase.
It is totally possible for a company to underperform and still have its share price rising.
Those who are into news based trading will know that even though many times the results are positive, the share price either does not increase.
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