Hey Guys....Just cool down
....
I think Poms is getting too excited with the discovery of HB Group (Portfolio/Stockholding/Leasing)
1. The Portfolio that you have seen is as of 31st March 2006. How do you know they are still holding JP Associates?
2. Try this Google search "HB Portfolio & Sebi" ....there is insider case filed against the directors of these companies for price rigging!!!!
3. HB Portfolio has made an open offer to buy DCM (I think).....where do you think this Cash will come from? (Selling JP associate?)
So I would suggest track this company till they publish their latest Balance Sheet as on 31st March 2008.
HB Portfolio Ltd.
Industry : Finance - Investments
BSE Code : 532333
NSE Code :
Business Group : Not Applicable
LTP (Rs.) : 102.30 (-2.66%) [BSE]
ISIN No : INE638B01017
Face Value/M Lot : 10.00/1
P/E Ratio : 9.47
Market Cap : 122.68 Cr
You can view the Income statement of HB Portfolio Ltd. for the last 5 years.
(Rs in Cr.)
Mar ' 07 Mar ' 06 Mar ' 05 Sep ' 03 Sep ' 02
Income :
Operating Income 15.42 11.73 5.79 1.66 0.59
Expenses
Material Consumed 0.00 0.00 0.00 0.00 0.00
Manufacturing Expenses 0.00 0.00 0.00 0.00 0.00
Personnel Expenses 0.42 0.17 0.24 0.23 0.54
Selling Expenses 0.01 0.07 0.01 0.00 0.00
Adminstrative Expenses 0.58 0.46 0.50 6.79 0.59
Expenses Capitalised 0.00 0.00 0.00 0.00 0.00
Cost Of Sales 1.00 0.71 0.75 7.02 1.13
Operating Profit 14.42 11.03 5.04 -5.36 -0.55
Other Recurring Income 0.06 0.02 0.00 0.05 0.01
Adjusted PBDIT 14.48 11.05 5.04 -5.31 -0.54
Financial Expenses 0.01 0.18 2.26 1.78 2.46
Depreciation 0.03 0.03 0.05 0.04 0.04
Other Write offs 0.00 0.00 0.01 0.01 0.01
Adjusted PBT 14.44 10.84 2.72 -7.15 -3.04
Tax Charges 1.49 0.00 0.00 -0.01 0.00
Adjusted PAT 12.96 10.84 2.72 -7.14 -3.04
Non Recurring Items 0.00 -0.02 0.00 -0.02 0.00
Other Non Cash adjustments 0.00 0.00 1.39 -0.07 -0.08
Reported Net Profit 12.96 10.82 4.11 -7.16 -3.04
Earnigs Before Appropriation 14.48 6.33 -3.67 -7.78 -0.54
Equity Dividend 2.21 1.84 0.00 0.00 0.00
Preference Dividend 0.00 0.00 0.00 0.00 0.00
Dividend Tax 0.38 0.26 0.00 0.00 0.00
Retained Earnings 11.89 4.24 -3.67 -7.78 -0.54
to read clearly ...please check attachment