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Saturday, May 3, 2008

Sandur posts fantastic results
Sandur Manganese has posted a fantastic result for the year ended 08. The net sales has grown from Rs.122.95 crs to Rs.270.57 crs i.e a jump of over 100%. The net profit has gone up to Rs.57.73 crs vs a loss of Rs.53.87 crs for the last year.

The EPS for the year is Rs.65.98/- which means the share is quoting at less than 10 times of the current years earnings and if we discount at 15 the price should be at least Rs.990/-.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Jun 25
19:30 New Home Sales Change (MoM) 2 -13.7% 9.6% Revised from 10.9%
19:30 New Home Sales (MoM) 1 0.623M 0.690M 0.722M Revised from 0.743M
19:30 Fed's Chair Powell testifies 3
20:00 EIA Crude Oil Stocks Change 1 -5.836M -0.600M -11.473M
22:30 5-Year Note Auction 1 3.879% 4.071%
Thursday, Jun 26
14:00 BoE's Breeden speech 2
15:15 BoE's Greene speech 2
16:30 BoE's Governor Bailey speech 3
18:00 Chicago Fed National Activity Index 1 -0.25
18:00 Initial Jobless Claims 2 245K 245K
Economic Calendar >> Add to your site

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