Core Projects & Technologies Ltd has informed that the Shareholders / Investors Grievance Committee constituted by the Board at its meeting held on December 12, 2007, has allotted 21,67,607 Equity Shares of Rs 2/- on conversion of FCCBs.
With this allotment the paid capital of the Company stands increased to Rs 14,84,92,590 comprising 7,42,46,295 equity shares of Rs 2/- each.
Posted on 11th December 2007
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Gillette has consolidated its businesses in India post global merger with Procter & Gamble and has put in place a new distribution set-up for itself. In a worldwide merger, Procter & Gamble acquired shaving products’ company Gillette for about $ 55 billion. The integration has been completed successfully with Gillette India. Gillette India has put in place a new distribution structure, which has significantly increased Gillette’s direct coverage, enhanced wholesale coverage and help service more retailers.
Gillette currently operates in three segments, namely, grooming, oral care and portable products. Grooming segment includes blades, razors and toiletries. Oral Care segment includes toothbrushes and oral care products. Portable power segment includes batteries, torches. The grooming business of the company is growing dramatically and had sales of Rs 97 crore with PBT of Rs 29 crore for the first quarter.
The CMP of the stock is about Rs 870. The market capitalisation of the company stands at around Rs 2800 crore. The company earned an EPS of Rs 22 in 2006 (Calendar year). For the first three months, they have already earned Rs 9/sh. Going forward, Malkani expects the company to earn EPS of Rs 35/sh for 07.
The stock is majorly held by the promoters. The P&G group and Poddar family hold 88.8% of the stock and 11.2% is held by the non-promoters. Malkani believes that the stock is a prime candidate for an open offer, which should be at a significantly higher price. Also many of the MNC stocks like Castrol, Bayer Cropscience etc are getting re-rated by the market, which should augur well for the stock.
Posted on 11th July 2007
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You are lucky when you search property in Tampa, there are so many homes and there are not much then you got upper hand. All the appliances are with $20,000 is the asking cost before you sign.
Same thing can be said for Kansas and Minneapolis city but in Tampa in these all there at present most benefit buyers, they are provide more supplies and in less price.
If examine the supply vs. demand of housing in this area. The current the current selling figure is in the favor of its. In this area house are selling low then others.
Posted on 30th June 2007
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