Fwd: Suzlon
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Musthafa Valappil
May 31, 2010, 3:42:43 AM5/31/10
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Suzlon
Energy reports Q4 loss at Rs 188 cr
Moneycontrol.com
A wind turbine manufacturer Suzlon Energy has announced its fourth quarter results of FY10. It has reported consolidated sales of Rs 6083 crore as against ...
Suzlon Energy Q4 loss at Rs 188 cr; board approves rights issueEconomic Times
Suzlon Energy FY10 revenues at Rs206.20bnIndia Infoline.com
Suzlon Energy Falls to Seven-Month Low After Unexpected LossBusinessWeek
india-server.com -Business Standard -NASDAQ
Musthafa Valappil
pad...@gmail.com
050-3845995
www.dropssavings.com
Moneycontrol.com
A wind turbine manufacturer Suzlon Energy has announced its fourth quarter results of FY10. It has reported consolidated sales of Rs 6083 crore as against ...
Suzlon Energy Q4 loss at Rs 188 cr; board approves rights issueEconomic Times
Suzlon Energy FY10 revenues at Rs206.20bnIndia Infoline.com
Suzlon Energy Falls to Seven-Month Low After Unexpected LossBusinessWeek
india-server.com -Business Standard -NASDAQ
Musthafa Valappil
pad...@gmail.com
050-3845995
www.dropssavings.com
On 28 May 2010 10:52, Musthafa Valappil <pad...@gmail.com> wrote:
As per a leading financial daily, wind turbine maker, Suzlon Energy, could issue fresh shares to raise money for paying off its debt. For this purpose the company is considering a rights issue. However, the company has not given any details for the same.
The company has been facing problem because of high debt and raising equity through a rights issue seems to be the only option for the company as of now. It may be recalled that the company had sold its 35% stake in Hansen Transmissions International NV in November 2009 to reduce its debt. The company has been grappling with high debt for quite some time. In fact, the company�s interest costs increased by 51% for 9mFY10 while sales fell by 14% YoY. The company has high financial and operating leverage. With no turnaround in business in sight, the company�s position seems to be quite precarious.On 24 May 2010 12:08, Musthafa Valappil <pad...@gmail.com> wrote:
Bought Suzlon @ 59.90.
regards,On 23 May 2010 22:29, Musthafa Valappil <pad...@gmail.com> wrote:
Good buys in my watch list
Company Sector Current price 3 years Target Expected Return Bharti Airtel Telecom 265.85 531 100% Hindustan Unilever FMCG 230.50 448.00 95% Crompton Greaves Engineering 228.25 394.00 73% Suzlon Energy Energy 58.65 94.00 60% Since first four are already in my top 10 holding and total of top ten exceeded the maximum limit, I would be buying Suzlon Energy next week.
http://dropssavings.com/2010/05/weekly-portfolio-review-2/
Musthafa Valappil
pad...@gmail.com
050-3845995
www.dropssavings.com
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