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NIC 3Q results
PKoli
#1 Posted : Thursday, November 25, 2010 11:37:46 AM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
NIC has released 3Q results. I could not quickly peruse through the results, but I could note 3Q results for this are up 68% over the same period last year.

Anyone who has perused through the results?
KIRTI
#2 Posted : Thursday, November 25, 2010 12:02:12 PM
Rank: Member


Joined: 8/17/2010
Posts: 116
EPS 3.75 for 3q. They will earn atleast 5 bob for full year. at PE Ratio of 14 price will go up to 70 bob before March 2011.
PKoli
#3 Posted : Thursday, November 25, 2010 12:11:27 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
KIRTI wrote:
EPS 3.75 for 3q. They will earn atleast 5 bob for full year. at PE Ratio of 14 price will go up to 70 bob before March 2011.


I think that is a reasonable price for NIC. I expect some reasonable price rise tomorrow.
PKoli
#4 Posted : Thursday, November 25, 2010 12:16:42 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
It looks the results were announced before start of trading and the market does not give a hoot about their performance.
sheep
#5 Posted : Thursday, November 25, 2010 1:06:39 PM
Rank: Veteran


Joined: 7/24/2008
Posts: 781
PKoli wrote:
It looks the results were announced before start of trading and the market does not give a hoot about their performance.



mmmhhhh...this give me a very nice feeling...valuations are going down...meaning there is still room for good returns in the NSE...hope I can buy banks at a p/e of around 10 in 2011.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
Sufficiently Philanga....thropic
#6 Posted : Thursday, November 25, 2010 2:43:02 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
sheep wrote:
PKoli wrote:
It looks the results were announced before start of trading and the market does not give a hoot about their performance.



mmmhhhh...this give me a very nice feeling...valuations are going down...meaning there is still room for good returns in the NSE...hope I can buy banks at a p/e of around 10 in 2011.

Certainly not Equity and Equity that are trading at historical PEs of 23!
@SufficientlyP
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