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A Lion’s eye on the Bulls and Bears

“In India, companies may fall sick, but promoters rarely do!”

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March 2013

What a Beautiful Peaceful Easter Sunday…Wife is Quiet too !

Happy Easter ~What a Beautiful Peaceful Easter Sunday

Wife is Quiet too !…Wonder why ? ~ could be one or both of two reasons

  • yet put off because the other day I told her that it was stated clearly(it actually is!)on the Voveran Ointment tube ‘Not for veterinary use’

or/and

A few months ago I read that a British Survey of Women revealed that a majority of them will marry for Money  and a Big Bank Balance and not for Love ~ their simple rationale is that one can always have love affairs after marrying for money ~ but it may not be so the other way round where only Love exists but no money ! ~ the old die hard romantic that I am,I simply cannot come to terms with this !

Whatever !~ it’s Sunday Evening and it’s yet quite quiet !

Geodesic at Rs 9.97 ~ Wealth and Shareholders Nearly Exterminated !!!

Geodesic @ Rs 9.97 ~ Incredulous this yet Incredible Faith  in a Company that is completely undeserving !

Till late last year @ 30000  Shareholders,including 45 FIIs, were unaware they were sitting on the edge of the cliff ~ the cliff cracked and it’s been a horrific downward spiral from near Rs 60 to under Rs 10 inside months !

Wealth Nearly Exterminated ~ √

Shareholders Nearly  Exterminated ~ √

Perhaps Shareholders deserve this state and fate as only 110 of them attended the recent  AGM on February 11,2013 in Mumbai !

So what’s with so many recommending Geodesic last year  that’s it a great Buy ~ perhaps even a multibagger ! ~ and Shareholders climbing from 7500 levels in 2006 to 30000+ at December 31,2012 !~In fact 3000 +shareholders were added in the Quarter October to December 2012  ~ What were they excited about and what did they miss !? ~ Let’s examine

Who are the Promoters and what does the Company do

It’s a Troika that promoted Geodesic Ltd to offer software and software related products and services~ Pankaj Kumar is the Chairman while Kiran Kulkarni is the MD and Prashant Mulekar is the ED ~ At December 31,2012 they collectively held 14.90 % of the Equity of Rs 18 crs down from the 25% + held a quarter earlier ~ clearly pledged shares were being offloaded on share price beginning to drop in December  ~ The situation now may be even be a much lower stake  in terms of their holdings in the company on further offloading

Buyback Announced of upto 25% of the equity upto Rs 75  

November 27,2012

Geodesic Ltd has informed BSE that in continuation with the decision to buyback Equity Shares of the Company through stock exchange mechanism, the Board of Directors of the Company at their Meeting held on November 27, 2012 have discussed and approved to buy back upto 25% of the Equity Shares of the Company at a maximum buyback price of Rs. 75/- per share subject to the approval of the shareholders through Postal Ballot

Financials for FY 12, 15 months ended June 30,2012 

December 4,2012

Geodesic Ltd has informed BSE about the Audited Financial Results for the Financial Year ended June 30, 2012

Earnings ~ Standalone Profit is Rs 230 crs on Sales of  Rs 869 crs giving an EPS of Rs 25+ on an Equity of Rs 18 crs (FV Rs 2)

Assets ~ Standalone Networth is Rs 1266 crs with Reserves at Rs 1248 crs giving a Book Value of Rs 141

Consolidated Financials show EPS at just under Rs 29 with PAT at Rs 260 crs and Book Value at Rs 191 with the Networth at Rs 1721 crs ~ Also shows Cash & Cash Equivalents at Rs Rs 1139 crs ~ while the standalone shows this below Rs 1.5 crs ! read more

Happy Holi & Happy Dhuleti

🙂  Happy Holi & Happy Dhuleti 

Intended to visit a Holi Fire enroute home from office late evening ~ however the usual fire was yet to be lit ~ thought I would miss the Holi Fire today….

…guess what ! when your mind desires it strong it will happen !

Holi Fire Lit at 11.30 pm,March 26,2013 in the Hanuman Temple Compound at Worli

 

…later past 11 pm enroute to Siddhivinayak Temple it being a Tuesday was blessed by four lit Holi fires enroute ! ~ started at a holi fire lit just below  Ambani’s Antilla on Altamount Road,and then on the Carmichael Road Slope that leads to Pedder Road and then a huge Holi Fire in the Compound of the Front  Main Road Facing Temple at Mahalakshmi and finally at the Hanuman Temple opposite the Shrine of Infant Jesus and St Anthony at Worli ~managed to capture the picture above of  the Holi Fire at Worli  ~from the Mobile at 11.30 pm and from across the Road so pardon the grainy quality ~ just imbibe the Blessings

Now Good Night Guys ~ need to snatch a few hours of sleep ~ have to drop daughter to the Station at 5 am ~ she’s going to the IAYP Camp at Dang in Gujarat for a few days ~ leadership and social work

After that let’s play Holi ! ~ just gulal though !

Cheers !

Be Alert when you are Refueling your Car at a Petrol Station

Be Alert when you are Refueling your Car at a Petrol Station

This has happened several times to me before and I have also successfully complained to IndianOil once before

Ensure the  Meter of the Petrol Dispensing Machine is set to ‘Zero’

It happened again this early morning at 6.45 am at IndianOil’s own Petrol Pump at Bhulabhai Desai Road (Warden Road in South Mumbai)

Please ensure that the Meter on the Petrol Dispensing Machine is at ‘ Zero’ before the attendant commences to fill your car’s tank ~ especially when you are guided to a particular dispenser away from the closest one to you as you drive in and when you observe there are at least over ten machines and no other cars !

I always make it a point to get out of the car and have a look before telling him how much to fill ~ he and his cronies will try to divert attention by inquiring if you need to check water or Oil or Coolant or that your tyres have less air….don’t get fooled even if they mean well

The Meter was at 1.33 litres and Rs 100 ! ~ he had not bothered to turn it back to Zero and was already holding the hose which was positioned to begin filling  my petrol tank  ~ would have commenced filling the tank from here and I would have been charged for this 1.33 litres and Rs 100 which was not filled ~ they are all in on this and the moment he saw me observing he quickly put the Meter to ‘Zero’ ~ this fraud would have not been detected by your petrol gauge reading of the car

Beware of Spurious or Water Diluted Coolants

They even do this for Coolants ~ If you need to buy the Coolant insist the attendant brings a sealed can and you check if it is properly sealed and open it yourself  ~ because it may look sealed to you when he shows it but it may be merely closed or lightly glued ~what happens most if not all the time is that the attendant brings an open can and begins to fill ~ what they do is to mix water to a little coolant prior to filling it and you would be paying over Rs 100 for the Coolant which really was hardly any at all or it may be a spurious coolant …This was the complaint some years ago at the IndianOil Pump opposite the Siddhivinayak temple in Mumbai that got the attendant and the pump owner in trouble ~ how do you you know they are guilty !? once they begin filling the coolant without having shown you the can,fire them and insist they get another sealed  right away ~ they actually will ! ~ why would they bear a loss of the can already being poured in if it was genuine !? read more

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