advisor wrote:what do you thing guys about SEMB family after released the financial statement of 3Q. EPS 0.00 NAV 0.41 my openion SEMB is move little bit better progress level .. the Share volume double by the rights issue thats why Earning less than previous Quater. anyway posstive thing NAV is in possitive this time 0.41 previous Quater -1.14 So SEMB is good now and SEYB is in good profit level so SEYB make a good run then SEMB also may move...
comments please..
On the first outlook due to negligible profit it looks not appealing. But if we dig in further I think the Group situation is getting much healthier and will be good to look out for with the Ashok LeyLand deal.
The Sept EPS was before the right issue and was not very clear aaccounting. Latest DEC report reflects the group position better after rights issue with the dilution of EPS.
1) Total Asserts DEC : 1,161,141,694 ( increased)
Total Asserrs SEP : 954,679,117
2) Liabilities DEC : 587,051,558 ( decreased)
Liabilities SEPT : 964,580,911
3) As mentioned NAV improved to positive 0.41 from -0.34 in Sept.
4) a) In Sept there was Provision Reversal
b) Rs 22,663,277 and in DEC Rs - 17,851,016 overhead expense
c) larger number of shares in DEC
made a difference in their profits for the 2 quarters
Overall the Group situation has improved a lot . We should not take it as negative ( for now) though the EPS is 0 this quarter as thingsw have improved a lot from last quarter. EPS is only 1 thing when looking at growth. Give them sometime to recover . Let see.
Dr Sentilverl must have a plan too to invest so heavily in this company.