Friday, December 19, 2008

Country Club Extends Gains For Consider Rights Issue Of Equity Shares - Dec 19, 2008

Meanwhile, the BSE Sensex was up 90.23 points, or 0.90%, to 10,166.66. On BSE, 39,875 shares were traded in the counter. The stock had an average daily volume of 20,543 shares in the past one quarter. The stock hit a high of Rs 19.70 and a low of Rs 18.80 so far during the day. The stock hit a 52-week high of Rs 222 on 3 January 2008 and a 52-week low of Rs 17.45 on 8 December 2008.


The stock has risen 10.08% from a recent low of Rs 17.85 on 15 December 2008. The stock had gained 3.33% to Rs 18.60 on 17 December 2008 when the company said during trading hours that its board will meet on 19 December 2008, to consider rights issue of equity shares.


The small-cap stock had underperformed the market over the past one month till 18 December 2008, falling 14.32% as compared to the Sensex's return of 12.75%. It had also underperformed the market in the past one quarter, declining 64.65% as compared to the Sensex's decline of 24.33%.


The company's current equity is Rs 15.48 crore. Face value per share is Rs 10. The current price of Rs 19.65 discounts the company's Q3 September 2008 annualized EPS of Rs 0.90, by a PE multiple of 21.33.


Country Club India's net profit fell 97.7% to Rs 0.35 crore on 11% increase in net sales to Rs 74.18 crore in Q2 September 2008 over Q2 September 2007. Country Club India is an entertainment and leisure conglomerate.

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