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Why I am buying Financial Technologies Ltd at 1200 level ?

bharat_vora's picture
Submitted by bharat_vora on October 8, 2009 - 02:30

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Submitted by bharat_vora on October 8, 2009 - 02:46. #

Who is financial Technologies :

The Financial Technologies group is
among the global leaders in offering
technology IP (Intellectual Property)
and domain expertise to create and trade
on next-generation
financial markets

They own and operate MCX , MCX SX, IBS Forex and other exchanges  check this link for complete info.

http://www.ftindia.com/markets/exchangeventures.htm

Company Market cap : 5800 cr.
Cash in Bank 1100 Cr.
Last quarter revenue : 58 cr.
Net profit : 20 cr.

Assuming company makes 80cr in net profit. A market valuation of 5800 cr is whopping with p/e at 70. Take 1100 cr in cash out ...p/e stands at 55.  I know that sound expensive but if you consider at 50% growth rate and IP..stock is reasonably priced and a smart for long term.

Are you looking for another Iflex ..here is one.

 

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