Watch SAY (Satyam ADR)

Sree · 06-10-2009, 04:53 PM

Watch this stock.... this has lot of potential.....

Satyam Computer ADR shot up over 33% which is at a premium of ~29% to Tuesday’s closing price on BSE. The ADR rose the most in over two months to end at US$3.64 on the NYSE after the company reported better than expected consolidated net profit for the December quarter.

Satyam disclosed standalone unaudited financial results for the quarter ended December 31, 2008. The company’s Profit after tax for the October-December quarter stood at Rs1.81bn while the total income for the period was Rs22.06bn.

Operating profit (excluding other income) for the third quarter of FY09 is Rs3.64bn, while the operating profit margin is 15.87%. The PBIDT for the quarter stood at Rs2.76bn while the PBIDT margin was 12.51%.

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Scott68 · 06-10-2009, 05:16 PM

Good info.

I got some SAY after it fell of the table when they announced their accounting problems back in late January and the rode a small bump back up over 2.00 shortly after that.

Will be interesting to see if this one can get back to where they were prior to their corporate accounting troubles.

Dognamedabu · 06-10-2009, 09:56 PM

I added SAY to my google portfolio about a month ago(not the one that counts) and have seen them rise 131.93%. I never bought them b/c of the accounting problems. I almost got in this week but after such a rise, after 'finding' them 131% cheaper I didn't have the guts to leap in now.

Still off its highs and has a new 30% partner that might demand better transparency. We will see, SAY I

bufarda · 06-10-2009, 10:19 PM

1ADR=2 shares right?Now is at 73.50 in India around $3.10.

Sree · 06-11-2009, 02:34 PM

Originally Posted by bufarda

1ADR=2 shares right?Now is at 73.50 in India around $3.10.

that is correct... as far as I know...

Sree · 06-16-2009, 10:05 AM

Fraud-hit Satyam Computers will cut real estate costs by terminating the lease contracts of four of its facilities in Hyderabad. It was confirmed by a Satyam employee saying, "We have sent notices to the property owners and we should be moving out of the four leased premises in Hyderabad this month." Apart from this the company will also be closing three of its Bangalore offices and two Chennai offices this month. The saving from these will add up to at least Rs.100 crore.
Satyam to terminate lease contracts
I think this will push the stock very. What do you guys think?

jacovsamuel · 04-20-2010, 05:03 AM

Indiainfoline is the best way to get track of financial terms.

06-10-2009, 04:53 PM	#1
Sree Trader Join Date: May 2009 Location: USA Posts: 31 Favorites: LVS, XL, DDR Rep Power: 25 Reputation: 185	SAY (Satyam ADR) Watch this stock.... this has lot of potential..... Satyam Computer ADR shot up over 33% which is at a premium of ~29% to Tuesday’s closing price on BSE. The ADR rose the most in over two months to end at US$3.64 on the NYSE after the company reported better than expected consolidated net profit for the December quarter. Satyam disclosed standalone unaudited financial results for the quarter ended December 31, 2008. The company’s Profit after tax for the October-December quarter stood at Rs1.81bn while the total income for the period was Rs22.06bn. Operating profit (excluding other income) for the third quarter of FY09 is Rs3.64bn, while the operating profit margin is 15.87%. The PBIDT for the quarter stood at Rs2.76bn while the PBIDT margin was 12.51%. Indiainfoline.com-Top stories,Leader speak,company news,sector news,Market talk,lifestyle,budget,market today,global indicators
	4 thumbs up / 0 thumbs down. Rate this post \|

06-10-2009, 05:16 PM	#2
Scott68 UberTrader Join Date: Apr 2009 Location: South Bend, Washington Posts: 110 Favorites: LVS CTIC BGM Rep Power: 167 Reputation: 3646	Good info. I got some SAY after it fell of the table when they announced their accounting problems back in late January and the rode a small bump back up over 2.00 shortly after that. Will be interesting to see if this one can get back to where they were prior to their corporate accounting troubles. __________________ Taking investment advice from me probably isn't wise. I'm an amateur. You've been warned.
	Rate this post \|

06-10-2009, 09:56 PM	#3
Dognamedabu UberTrader Join Date: May 2009 Location: Nanaimo Posts: 113 Favorites: OPC, TSTR, ??? Rep Power: 92 Reputation: 1824	I added SAY to my google portfolio about a month ago(not the one that counts) and have seen them rise 131.93%. I never bought them b/c of the accounting problems. I almost got in this week but after such a rise, after 'finding' them 131% cheaper I didn't have the guts to leap in now. Still off its highs and has a new 30% partner that might demand better transparency. We will see, SAY I
	Rate this post \|

06-10-2009, 10:19 PM	#4
bufarda VIP Trader Join Date: Apr 2009 Location: Montreal Posts: 36 Favorites: XL OPC LVS Rep Power: 44 Reputation: 651	1ADR=2 shares right?Now is at 73.50 in India around $3.10.
	Rate this post \|

06-16-2009, 10:05 AM	#6
Sree Trader Join Date: May 2009 Location: USA Posts: 31 Favorites: LVS, XL, DDR Rep Power: 25 Reputation: 185	Fraud-hit Satyam Computers will cut real estate costs by terminating the lease contracts of four of its facilities in Hyderabad. It was confirmed by a Satyam employee saying, "We have sent notices to the property owners and we should be moving out of the four leased premises in Hyderabad this month." Apart from this the company will also be closing three of its Bangalore offices and two Chennai offices this month. The saving from these will add up to at least Rs.100 crore. Satyam to terminate lease contracts I think this will push the stock very. What do you guys think?
	Rate this post \|

04-20-2010, 05:03 AM	#7
jacovsamuel Trader Join Date: Nov 2009 Location: carlifornia Posts: 30 Rep Power: 11 Reputation: 10	Indiainfoline is the best way to get track of financial terms.
	Rate this post \|

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