Flex Foods Ltd:
Code:523672
FV:10
This I am writing because someone asked me whether my call which I gave at mmb at Rs 23/-....is Flex Ind or not?
I get surprised to see someone asking me about co name when I have written very clearly the name......But seems they are not ready to do any work....like going to bse site and write the first 3 letters of co and find it out which co is that......
Where I am more surprised is, it is their own money they are investing and still they do not bother to look at the bsesite......I don't say that one should be able to find everything as much as I can do but the primary things which anyone can do should be done atleast....
OK,I am again posting the text which I wrote at mmb while giving a buy call......
.and Flex Food Ltd has come out with excellent results for Mar 2008.The sales has increased by just 13% but the NP has increaed by 49% , and that means the profit margin has increased.
Go to bse site and check it.
I am just making you all stand on your legs....do it......
Read on:
Friends,I am giving a buy call on Flex Foods Ltd a Uflex Ltd gr co(old Flex Ltd)....Flex Foods Ltd. is going in for expansion plan for natural, herbal and formulated products & their derivatives and biotechnology.
Originally they are in Vacuum Freeze Dried, Air-Dried, Frozen and IQF (Individually Quick Frozen) product range of mushrooms, herbs, spices and fruits / vegetables, meeting strict quality & hygiene standards.The sales has almost remained stagnant at Rs 9 cr for the Sep qr ended which was Rs 8.6 cr last sep 06.. but the NP has gone up considerably from just Rs. 79 lacs to Rs.1.38 c in this sep qr...The NPM(Net profit margin) aslo has increased from...9% to over 15%....Promoters hold over 59 % stake which shows the confidence of promoters in their co..
1)The co . has gone for expansion programme at Dehradun at the cost of Rs.28 cr inMar 2005, for setting up Air dried (Dehydrated) and Frozen (Individually Quick Frozen) facilities for Mushrooms, Herbs, Fruits & Vegetables..etc... and the same is seen in the increase in the profibility.....
2)Flex Foods Ltd is also having a health care division , in Noida,which will also contribute in sales and profit later in future....
Summary:Looking at the above parametres it seems that Flex Foods Ltd is on a high growth path and hence can be another dark horse in times to come....Currently Flex Foods Ltd is quoted at Rs 23 at BSE and almost 100% stocks is going in delivary which also signals that someone is accumalating Flex Foods Ltd.....
Rajeev
Hey Rajeev,
ReplyDeleteI have flex foods initially I bot at 32 after your call, I averaged some more at around 21.It has about just reached my average price,will flex manage to keep up the momentum...from what I can see of the results the june quarter seems to do better than the March
Thanks
Hi Rual,
ReplyDeleteWell, seems like that.Flex Food can perfor better in coming quaters.As I have written it can be next dark horse.
I hope you all know the meaning of dark horse.....
Namaskar Rajeev,
ReplyDeleteI found your blog while searching for write ups on Indian stocks. I must say, it looks great. Spent some time, will do even more in future.
Thanks a lot for your effort.
Tathagata Mukherjee
Connecticut
Some info about other script ASSAM CO
ReplyDeleteAPRIL 30, 2008,
Assam Company Ltd and Canoro Resources Ltd (its Canada-based operating partner) has encountered two hydrocarbon bearing zones in the Barail formation at Amguri 13B, based on log and drilling results. This well came in approximately 10 meters structurally higher than the original Amguri 1 discovery well.
The information gathered indicates the following:
� Approximately 10 meters of net oil pay and 24 meters of potential net gas pay in the Barail formation. The oil pay correlates to the Main Barail sand in Amguri 1, while the gas pay correlates to the upper gas zone previously tested in Amguri 1
� Confirmation and enlargement of a separate hydrocarbon pool from the main gas condensate pool
� Proved reserves should increase as there are no booked proved reserves currently for this pool
Amguri 13 achieved its objectives to evaluate the eastern part of the block and identify the Barail formation oil/water contact in the Amguri 1 discovery well. The Amguri 1 well had previously produced approximately 225,000 barrels of light oil prior to Canoro assuming operatorship of the field.
Further pool delineation is being planned using one of Canoro’s two contracted rigs. Fast-track development options are being initiated with the evaluation of offset drilling locations.
Canoro is a Canadian-based international oil and gas company operating in the Assam/Arakan basin of northeast India. Canoro is the operator of Amguri field with a 60% working interest. Canoro is the operator with a 65% working interest in the AA-ON/7 exploration block. Canoro also has a 15% non-operated working interest in the AA-ONN 2003/2 exploration block.
CMP : 27.20
BSE Code : 500024
NSE : ASSAMCO