Tuesday, July 13, 2010

FCS SOFTWARE -SMART PROMOTERS

More than once I have recommended investors to stay away from stocks like FCS Software.When we go through the share holding pattern of this company over the past few qtrs ,we will get a clear picture about the happenings in the company.It is as follows:

Period     Sh. held by promoters     % of pro.holding     Total sh. 
                                                                                    holders
June 09       9798428                            67.68                  9258

Sep 09       8298428                             57.32                  9344

Mar10     165,968,560 (Post split)         31.34                  55602


This trend clearly indicating that promoters are offloading shares and it is distributed among general public

Need more explanation ....????      


















Posted by VALUEPICK at 6:36 AM
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8 comments :

  1. AnonymousJuly 13, 2010 at 7:32 AM

    sUPERB rESEARCH !

    sANAM jAIN

    ReplyDelete
  2. AnonymousJuly 13, 2010 at 12:07 PM

    can u guide me about investment in Indage vinteners, i bought it at 52 and now its just 28

    ReplyDelete
  3. rdbJuly 16, 2010 at 7:33 PM

    Even more smarter moves the promoters are doing these days. You can see their ad on CNBC and other business channels to make them popular among the innocent retail investors.

    ReplyDelete
  4. VALUEPICKJuly 17, 2010 at 6:39 PM

    Dear rdb

    Ad may continue till offloading completed

    ReplyDelete
  5. AnonymousJuly 20, 2010 at 10:00 PM

    Promoter holding on June 2009 was 8298428 shares ie; 57.32%.
    Post split & bonous this becomes (8298428 X 10)X 2 =165968560. I would like to know how this figure is concluded as 31.34%

    ReplyDelete
  6. VALUEPICKJuly 21, 2010 at 5:45 AM

    Data from BSE ,check with the following link :


    http://www.bseindia.com/shareholding/shpPromoters_60.asp?scripcd=532666&qtrid=65&CompName=FCS%20SOFTWARE%20SOLUTIONS%20LTD.&QtrName=March%202010


    No filing regarding fresh announcement in between these two periods and bonus and split are applicable to all shares

    ReplyDelete
  7. VALUEPICKJuly 21, 2010 at 6:02 AM

    Your Maths may be correct , may be because of GDR conversion,but the selling figure in this qtr by promoter is intact ,and in the june qtr end promoter holding may be way below March qtr

    ReplyDelete
  8. RameshJuly 26, 2010 at 3:43 PM

    Thanks. I just came through this blog. Its great.

    ReplyDelete

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