Here's some takeaway from the Valuemart AGM
Valuemart Info conducted its AGM recently on 30th September at ADA Rangamandira, JC Road, bangalore.
The AGM was a smooth affair and passed off well.
The exit of C.K.Vasudevan was, of course, a hot topic of discussion and many shareholders, including your truly, raised concerns on his shock exit and capability of his replacement.
Mr. Ramamurthi, assured that nothing sinster should be looked into the xit of C.K.Vasudevan.
He explained that Mr.C.K.Vasudevan left to pursue his personal businesses and however will continue to head the group company VALUEMART RETAIL LTD.
The Company is on the right track as confirmed by its consistent good results.
Another comfort factor is that the Management took a Preferance Offer at a Premium of 25paise.
The new Director on board Mr.Prem Anand is also on the board of INDUS FILA LTD.
He seems to have a lot of ideas for the company which he revealed over the Breakfast.
Overall, a very very safe bet at Rs.2.6 - Rs.3 levels that the stock is quoting at present.
Regards,
Srikanth Matrubai
Also visit Also visit
http://goodfundsadvisor.blogspot.com THE BLOG/BLOGGER WILL NOT BE HELD RESPONSIBLE FOR ANY ACTIONS THAT MAY RESULT IN ANY LOSS TO THE PERSON ACTING ON THE INFO OF THE BLOG, AS THE BLOG MAY BE ALTERED/DELETED FROM TIME TO TIME.
Valuemart Info conducted its AGM recently on 30th September at ADA Rangamandira, JC Road, bangalore.
The AGM was a smooth affair and passed off well.
The exit of C.K.Vasudevan was, of course, a hot topic of discussion and many shareholders, including your truly, raised concerns on his shock exit and capability of his replacement.
He explained that Mr.C.K.Vasudevan left to pursue his personal businesses and however will continue to head the group company VALUEMART RETAIL LTD.
The Company is on the right track as confirmed by its consistent good results.
Another comfort factor is that the Management took a Preferance Offer at a Premium of 25paise.
The new Director on board Mr.Prem Anand is also on the board of INDUS FILA LTD.
He seems to have a lot of ideas for the company which he revealed over the Breakfast.
Overall, a very very safe bet at Rs.2.6 - Rs.3 levels that the stock is quoting at present.
Regards,
Srikanth Matrubai
Also visit Also visit
http://goodfundsadvisor.blogspot.com THE BLOG/BLOGGER WILL NOT BE HELD RESPONSIBLE FOR ANY ACTIONS THAT MAY RESULT IN ANY LOSS TO THE PERSON ACTING ON THE INFO OF THE BLOG, AS THE BLOG MAY BE ALTERED/DELETED FROM TIME TO TIME.
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