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September 09, 2017
Frick India- AGM -2017- Highlights
Frick India AGM was held on Friday, 08/09/2017 at Faridabad ( Haryana ).
Managing Director Mr. Jas Mohan Singh assured the shareholders that the Management would take up , in the right earnest , the issue of Listing of shares of Frick India in BSE / NSE. The next Board of Directors Meeting would take it up and the entire Listing procedure would be complete before the next AGM .
The issue of Split / Bonus shares would be taken up once BSE / NSE listing is completed.
VERY IMPORTANT - Mr. Jas Mohan Singh said that there were around 800 folios of Frick India where shareholders were not encashing their Dividend Warrants . Earlier , the Govt required the company to transfer only the Dividend amount to the Govt. NOW the Govt is asking the company to transfer such shares of dormant accounts to the Govt.He appealed to all shareholders to encash their Dividend Warrants.
As all the internal share holding disputes among Promoters , now , stand amicably resolved and court cases withdrawn Frick India would see very fast growth in all spheres the next few years . The true potential of Frick India was earlier constrained because of these disputes .
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( On the Sidelines )
Share Dealers had also come. They wanted to buy . They started their buying bid from Rs.2700 and later was raised to Rs. 3200. Some Shareholders said that they would sell at Rs 5000/- One came down to Rs. 4500 ( probably in Physical ) This deal may have been struck around Rs 4200 ( not certain )
Nearly all other shareholders present said they would prefer to Hold at least till Listing in BSE / NSE. The consensus was a rate of Rs.10,000 on listing.
Managing Director Mr. Jas Mohan Singh assured the shareholders that the Management would take up , in the right earnest , the issue of Listing of shares of Frick India in BSE / NSE. The next Board of Directors Meeting would take it up and the entire Listing procedure would be complete before the next AGM .
The issue of Split / Bonus shares would be taken up once BSE / NSE listing is completed.
VERY IMPORTANT - Mr. Jas Mohan Singh said that there were around 800 folios of Frick India where shareholders were not encashing their Dividend Warrants . Earlier , the Govt required the company to transfer only the Dividend amount to the Govt. NOW the Govt is asking the company to transfer such shares of dormant accounts to the Govt.He appealed to all shareholders to encash their Dividend Warrants.
As all the internal share holding disputes among Promoters , now , stand amicably resolved and court cases withdrawn Frick India would see very fast growth in all spheres the next few years . The true potential of Frick India was earlier constrained because of these disputes .
===============
( On the Sidelines )
Share Dealers had also come. They wanted to buy . They started their buying bid from Rs.2700 and later was raised to Rs. 3200. Some Shareholders said that they would sell at Rs 5000/- One came down to Rs. 4500 ( probably in Physical ) This deal may have been struck around Rs 4200 ( not certain )
Nearly all other shareholders present said they would prefer to Hold at least till Listing in BSE / NSE. The consensus was a rate of Rs.10,000 on listing.
- It appears some shares of Frick India are available with Dealers of Unlisted / Delisted Shares (Please Recheck this ).
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Important : Please do not take Any Investment Decision based on the above stated analysis. Please only do a further Self Study'
It would be better to wait for BSE / NSE listing for a clearer picture
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Questions
1 ) With the Book Value of Rs. 2000 + for a Rs 10 paid up share , the Company should declare a liberal bonus and , also , split the face value of a share from Rs. 10 to Re 1.
2) As there has been no trading in the shares of the Company and the difficulties faced by small investors regarding buying / selling of shares , the shares should be got Listed in BSE / NSE .
3 ) Frick India should consider Value Unlocking measures like shifting its factory and utilizing its valuable land bank for commercial purposes . Frick India can go in for its Upward Re rating by inviting strategic foreign investors like Johnson Controls etc.
4 ) What is Frick India 's Capex programme ?
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Frick India-Annual Report-2016-17
Please click
http://linkintime.co.in/website/gogreen/2017/AGM/FIL/ANNUAL_REPORT.pdf
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AGM on 08/09/2017 at Faridabad at 11 am
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Please click
http://linkintime.co.in/website/gogreen/2017/AGM/FIL/ANNUAL_REPORT.pdf
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AGM on 08/09/2017 at Faridabad at 11 am
http://linkintime.co.in/website/gogreen/2017/AGM/FIL/ANNUAL_REPORT.pdf
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AGM on 08/09/2017 at Faridabad at 11 am
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August 29, 2017
Frick India-Super-Q1-2018 Results EPS -Rs.98 / 65p
Please click :-
https://www.msei.in/ListingData/2017/FRICKINDIA/AN/170828_FRICKINDIA_AN_01.pdf
Q1 2018 ( Q1 2017 )
Sales Rs.92 cr ( Rs.53 cr 13 lakh )
Net Profit Rs.5 cr 92 lakh ( Rs.3 cr 35 lakh )
EPS Rs.98 /65 p ( Rs.55 /75 p )
Equity : Rs.60 lakh ( share Rs 10 paid up )
for more on Frick India , Please click
Please click :-
https://www.msei.in/ListingData/2017/FRICKINDIA/AN/170828_FRICKINDIA_AN_01.pdf
Q1 2018 ( Q1 2017 )
Sales Rs.92 cr ( Rs.53 cr 13 lakh )
Net Profit Rs.5 cr 92 lakh ( Rs.3 cr 35 lakh )
EPS Rs.98 /65 p ( Rs.55 /75 p )
Equity : Rs.60 lakh ( share Rs 10 paid up )
for more on Frick India , Please click
https://www.msei.in/ListingData/2017/FRICKINDIA/AN/170828_FRICKINDIA_AN_01.pdf
Q1 2018 ( Q1 2017 )
Sales Rs.92 cr ( Rs.53 cr 13 lakh )
Net Profit Rs.5 cr 92 lakh ( Rs.3 cr 35 lakh )
EPS Rs.98 /65 p ( Rs.55 /75 p )
Equity : Rs.60 lakh ( share Rs 10 paid up )
for more on Frick India , Please click
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