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Monday, March 15, 2010

Micro Technologies Revisited

Micro Technologies has corrected from its recent highs of 216. It's a fast growing company which is expanding in many world markets. Recent news : http://www.bseindia.com/qresann/news.asp?newsid=03c068ea-a37c-41fe-b1db-d5d41315d377
This stock is trading at a PE of just above 3, which is dirt cheap by any standards. The current Book Value of this stock is around 290, which means this stock is trading at a huge discount to its BV at cmp. Technically also, Micro Tech has corrected and consolidated at the present levels. The full year results are just a month away and they are expected to be very good. I think it's time for this stock to start flying again. Potential Multibagger. Company website: http://www.microtechnologies.net

Cheers!

12 comments:

Conrad said...

Hi Superstar,
Once again, could you please let me know your opinion on the following.

1. International Conveyers
2. Orient Abrasives.
3. Paper Products.


Thanks & Regards
Conrad

Ashwin said...

The day you post this, Micro Tech jumps over 7%! I bought today for a 1 year timeframe. What is your projected 12 month price on MT?

Also, what is your take on Glodyne Technoserve? There is major speculation on Glody acquiring a Company in the US.

Vivek said...

Dear Superstar,

GHCL is not moving up and gradually going down. Do you think it would be better to take money out from that and put it in Micro tech or Facor (it has corrected 5% today). Please advise.

Regards,
Vivek

Superstar said...

Hi Conrad & Ashwin,

Will check your stocks at the first opp. Have been too hard pressed for time lately.

Hi Vivek,

If your investment horizon is one-two years, then all of them have the potential to perform equally well. But I would prefer Micro Tech out of the three at present.

Cheers!

Investor73 said...

Hi Superstar,

I stumbled upon your account yesterday - and went through your recent recommendations.

I own Micro Technologies, and was pleased to see the same on your list...

Your analysis and ability to pick multi baggers is amazing.

Please let me have your view on the following stocks:

ShriLakshmi Cotsyn Ltd.
Company has very good promoter background, and P/E less than 3 - expected EPS for 2009-10 would be 50 Rs.

Note the latest update for upcoming board meeting on 19 March:

Shri Lakshmi Cotsyn Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 19, 2010, inter alia, to transact the following business:

1. To consider the conversion of warrants (not exceeding 5% of the expanded capital) of promoters group in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

2. To consider the allotment of 19,75,000 nos. of warrants, convertible into Equity shares on preferential basis to the strategic investors.

do let me have your thoughts - if this is worth accumulating.

B) Parekh Aluminex
Listed in the Forbes Fastest Growing Comapnies.
Largest aluminum foil manufacturer recently acquired a company in Singapore. P/E around 4.5 and this company expects CAGR of 30% for the next 2 years...

C) Sasken Communication:

Is trading P/E 8.5. they are issuing 300,000 preferential warrants to Rajiv Mody at 175.54. Stock currently trading at 183.

Sasken Developed ISAT Phone will launch with Inmarsat in June 2010. MF holdings are going up in this stock now. Your recommendation please?

Thanks again for your great service, and i will follow your updates regularly / put forward any picks I find for your advice.

Cheers,

Mitul said...

Save Tigers There are Our Nationail
Anmilas Save It

Mitul said...

Hi

Ashwin said...

Micro Tech is not able to break past the 195 resistance levels. Volumes are also very thin. What is your take on the 2-3 Month forecast of the stock given that we're headed into earnings season. Any possibility of re-rating happening soon?

Superstar said...

Hi Investor 73,

Thanks for your kind words. Out of all your stocks, Sri Lakshmi Cotsyn is the best and I have been tracking it for long. I don't track the other two, so can't comment on them a present. Will do so time permitting.

@Mitul : hi

Cheers!

vikrammahad said...

Is CMP Rs. 190 a good price to buy Micro Tech? Board meeting scheduled for 21st to consider dividend and FCCB conversion to shares at Rs. 270 +. Also good results expected by end of month.

mahendra said...

Hi..
good morning..

can i purchase Microtechnology and facor alloy at current levels , i m new in this field. pl advice and also advice time horrizon.

Regards,

mp

vikrammahad said...

I believe this scrip is ready to breakout this month.