*Hi,*** *There is an IPO valuation post in today's News updates in Indian stock market. *
By the way, *Morningstart Investment articles* has offered me *free trial for 14 days <http://bit.ly/84XLnd>* which I would like to share with you.Also check your investments real-time with ADVFN's FREE stock charts<http://bit.ly/5D8x9R> . So here the details on today's updates - Vascon Engineers IPO Valuation<http://www.stockmarketindia.net/vascon-engineers-ipo-valuation/> *Strengths * ...Strong and diverse EPC order backlog of Rs 3227.08 crore spread over 70 projects/ contracts as of December 31, 2009. Of the total order backlog, about 37.6% (or Rs 1214.74 crore in 47 projects) are third party contracts and the balance 62.4% are captive contracts from the realty business, amounting to Rs 2012.34 crore, spread over 23 projects.... - read more *Weaknesses ...*The company’s order backlog is largely made of fixed price contracts and, hence, any upward cost push in construction and input services will impact the margin affecting profitability.... read more *Valuation * In comparison, Sobha Developers quotes at a P/E of 25.9 times of its FY 2009 consolidated earning, and BL Kashyap quotes at a PE of 13.3 times of its FY 2009 consolidated earnings. Though the high margin and high realty business may give a push to the margin and profitability, the asking price seems steep compared to listed realty players as well as EPC service players of similar size. *Want to get these updates on IPOs, bonus news, stock split news, rights issues in your mailbox without any efforts, SUBSCRIBE<http://www.feedburner.com/fb/a/emailverifySubmit?feedId=1618415>to the mailing list. * Abhijeet Fellow Investor just like you in Stock Market Yahoo ID: stockmarketindia24 twitter: http://twitter.com/smi24 -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
