|
|
| Discuss Shah Alloys - Closed Down ???? at the Stocks & Shares within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Dear Fellow Boarders, can anybody pls confim if the comapny has already closed down . ... |
|
|||||||
| Notices |
| Stocks & Shares Discuss technical & fundamental views, trading and investing strategies on individual stocks. |
| View Poll Results: Shah Alloys Target in 6 months (by April 2008) | |||
| <25 |
   
|
1 | 50.00% |
| 25 to 50 |
  
|
0 | 0% |
| 50 to 75 |
  
|
0 | 0% |
| >75 |
  
|
1 | 50.00% |
| Voters: 2. You may not vote on this poll | |||
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
2nd November 2007, 07:02 PM
|
|||
|
|||
Shah Alloys - Closed Down ????
Dear Fellow Boarders,
can anybody pls confim if the comapny has already closed down  .what is the current status of the company? and future prospects. I have 2000 shares @ 67 rs. avg.  pls advice what to do.thanks in advance. 
|
|
#2
25th November 2007, 12:29 PM
|
|||
|
|||
Re: Shah Alloys - Closed Down ????
I had bought SAL Steel so I came to know about Shah Alloys Ltd ( First Letters = SAL ) . Sal Steel was loss making in last 2 years , while Shah Alloys was profit making . Now this year SAL Steel is a turnaround story making profits while Shah Alloys is going heavier and deeper in losses ( first quarter loss = 22 Crores , second quarter loss = 98 Crores !).
Can you see a coincidence ? This is the world of Indian Business ! Some people are of the opinion that Shah Alloys has closed down . On Moneycontrol.com , messages board , someone has posted that he has insider information that the plant has shut down due to some technical problems . However I do not think so , bacause logically , the sales are continuing i.e. nearly Rs.200 Crores each have been reported for june & September quarters . Of course there is a possibility that due to some reason the working of the plant may have been temporarily affected , for some time . But there is no doubt that with the recurring losses - increasing every quarter - I see very little possibility of the year 2007-08 ending in profits , and this will not justify the price presently being quoted for a profit making Company . Specially when there seems little hope of getting any Dividend for this year . Hence I am of the opinion that the trend of the Share prices of this scrip is downwards and I would not be surprised if after the third quarter results - if they also come negative - the share prices drop sharply to below even Rs.25/- . I feel that it would be better to book losses , and re-enter after the Company once again gives more positive signals for the Net Profit .
|
| Sponsored Links |
|
|
|
| Bookmarks |
| Thread Tools | |
|
|
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
