Announcements...UFLEX & UTV

I have read some announcements regarding UTV and UFlex on bseindia websites... I am pasting the exact wordings for those who has skipped reading this....

UTV Software Communications net profit rises 1626.55% in the September 2010 quarter..

Sales rise 74.81% to Rs 138.50 crore

Net profit of UTV Software Communications rose 1626.55% to Rs 47.48 crore in the quarter ended September 2010 as against Rs 2.75 crore during the previous quarter ended September 2009. Sales rose 74.81% to Rs 138.50 crore in the quarter ended September 2010 as against Rs 79.23 crore during the previous quarter ended September 2009. ......

my Comments
it has already hit high of 579..... i believe it will touch three digit soon within 12 months... i many also be wrong here.... After that i believe stock split OR bonus(may be) in this counter.... Lets see how things will unfold in this story....... It is a great stock to be held to churn out good return... do not sell it....


Annoucements on uflex.....

Uflex Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 13, 2010, has considered and approved the following :

1. The Rights Issue proposed by the Company has been withdrawn.

2. Preferential Issue upto 135 lacs warrants to Promoter/Promoter group at a price of Rs. 300/- per warrant or SEBI floor price whichever is higher.

3. Recommendation for passing of resolution u/s 81 (1A) of the Companies Act, 1956 in connection with issue of warrants to Promoter/Promoter group through Postal Ballot.


My comments....
uflex has already hit a new high of 309.... continously it is hitting newer highs daily...... as i told previously... soon it will be 400 then 500, 600 and counting will go like this... i believe still this stock is a buy... lot of steam has still left......
Promoters have been alloted warrants at a price of Rs300... Just look at the price.. yes its 300.... I am continously eriting on this stock when it was at 108 levels... already tripled.... and now promoters are alloting warrants at 300..... If they are alloting at 300 then you can assume at what level they will be cobverting them......... this is one of my excellent pick.....