RENU has following strong factors………. ( Based 31.12.2010 Quarter Financial Statement)
EPS – RS.24.89 .... Annualized EPS - 33
Net Asset / Share - Rs.234
PE ratio - 10x (Lowest PE, whereas Market PE 27.)
Last Six Month Price Movement – High Rs.450 ( October) Low –Rs.300 ( December)
Current Price- Rs.355
Issued Shares Qty – 7mn Shares. ( Possibility for Share split). Further major share holders hold 88%. Hence floating shares only 12%.
Further RENU has strong investment portfolio including some of blue ship companies, this investment is reported in the financial as long term investment and carried at COST ( As per SLAS). When value the investment holding @ current market price that value of the investment amounts to 2.3Bn, where as cost only 816Mn.
Hence Value of investment portfolio is attributable to eash RENU shares about Rs.338 (2.3Bn/7Mn)
The detailed information of its portfolio gathered from its annual report and adjusted share splits (DFCC, COMB and RICH). Pls refer the attachment.
Note: Reported cost of Investment as of 31.12.2010 – 876Mn whereas cost of investment as at 31.03.2010 is Rs.816Mn. Hence RENU made additional investment in its portfolio during the year.
Pls refer the attachment...
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