June 19, 2017
Indofil , Frick India Shares in Demand
It appears ( PLEASE RECHECK THIS ) that in the Delisted Market Indofil share price has crossed Rs.1100 / share and that Frick India is not having sellers at Rs.4500 / Share.
old / original post
Dealers are sending letters to individual shareholders.
Rates offered Rs. 600 + ( PLEASE RECHECK .NO RESPONSIBILITY )
For More on Indofil ( demerged 2006 ) Chemical Units of KK Modi Group's Modipon ) after the division of assets among the Modi family
Recently , Indofil Industries had made a Rights Issue
FRICK INDIA LIMITED
Along with Metropolitan Stock Exchange there has been a renewed interest in such shares like Frick India , Dalmia Refractories ( earlier named Shri Nataraj Ceramics of Dalmia Bharat Group ) which are Exclusively Listed Companies ( ELC ) with Metropolitan Stock Exchange.There are 150+ such ELC listed with Metropolitan Stock Exchange , mainly Small Caps ( from which future Multibaggers would emerge ) .
We are receiving Unconfirmed reports that some Investors approached Shares Dealers for sale of Frick Shares. Share Dealers were quoting False Low Selling rates so that these Dealers could buy at artificially Low rates. When these Investors said they would buy at those Selling rates , then the Dealers backed out giving lame excuses. These Investors had , some time back , quoted a price of Rs. 4000 per share. Now there may be Buyers at Rs. 5000 / Share.
Blog : Please Do Not Take Any Investment Decision based on this. Please Recheck the information independently
( 2 ) Book Value( Without Revaluation ) of Rs.2000 Per Share, Nearly Zero Debt Company
(3 ) 22 acres Land Bank in Faridabad Delhi NCR ( Prime Location near Metro Station , GT Road ) worth around Rs.2000 crore. Branch offices all over India.
(4 ) EPS for 2016-17 above Rs.200 ( Dividend 25% )) . YOY there is an improvement of around 35 % in Net Profit if we exclude the 2015-16 extraordinary profits of Compensation for a small piece of factory land acquired for Metro construction ). Industry PE is above 40.
( 5 ) Frick India - a market leader in Industrial Refrigeration ( Cold Store Equipment ) including compressors, cooling Towers was initially set up , in 1962 , in collaboration with, originally ,York International ( now named Johnson Controls. ) Frick India is independent , presently.
Frick India's products are at par with the World leader , Johnson Controls of USA. ( Incidentally , worldwide , Frick is a brand of Johnson Controls.http://www.johnsoncontrols.com/buildings/our-brands/frick )
( 6 ) Court cases among Promoters have , now , been amicably settled.
State of Art Frick Plant video
For More on Frick India
Blog : It would be wiser for Investors of Frick India to wait because selling through Registered Brokers of Metropolitan Stock Exchange would bring clarity on Long Term Capital Gains. Avoid Off Market Transactions from Income Tax Point.
Please Make No Investment based on Above Stated Facts.