Sensex

Friday, December 18, 2009

Re: [sharetrading] ASSAMCO

 

 
 
 
 
----- Original Message -----
Sent: Friday, December 18, 2009 11:03 AM
Subject: [sharetrading] ASSAMCO

 

CMP -18.9 This scrip is showing strength and is a div paying co.

It has conv deb at 23.5 or so. It has higher depreciation indicating investments. Last Dec results were poor. With lower monsoons, tea harvest must be higher, hence this Q results should be better. Public share holding just 20% indicating better interest from FI's. promoters are foreign holdings.

Presently buy signal is on. SL 17.8

Buy at your risk…… Holding period over 1 month.

Abe

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