Wednesday, December 17, 2008

Country Club Has A Ball On Rights Equity Current Company - Dec 17, 2008

Meanwhile, the BSE Sensex was down 27.31 points, or 0.27%, to 9,949.67.On BSE, 2.67 lakh 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 20.80 and a low of Rs 18.35 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 small-cap stock had underperformed the market over the past one month till 16 December 2008, declining 26.98% as compared to the Sensex's return of 6.30%. It had also underperformed the market in the past one quarter, declining 69.67% as compared to the Sensex's decline of 26.20%.The company's current equity is Rs 15.48 crore. Face value per share is Rs 2.The current price of Rs 19.80 discounts the company's Q2 September 2008 annualized EPS of Rs 0.90, by a PE multiple of 22.

Country Club India today, 17 December 2008, said its board will meet on 19 December 2008 to consider rights issue. The company made the announcement during trading hours.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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