Friday, September 26, 2014

DUKE OFFSHORE LTD (531471) :- A VALUE PICK STOCK

Dear friends,


    In stock market up and down are common corrections in stocks is good buying opportunities for long term investors. Today we discuss one stock in offshore group  'DUKE OFFSHORE' LTD (531471)


ABOUT COMPANY :-DUKE OFFSHORE LIMITED is headquartered in Mumbai, India and is managed by a dynamic group of oil field and marine professionals. Our Engineering Division has dedicated teams of engineers and support staff who are specialised in hook up and commissioning of offshore oil field platforms, their maintenance, modification and inspection services.

The Diving Division provides a dedicated underwater platform inspection, maintenance and repair (IMR) program for oil companies. In addition diving services are provided for drill rig support, SBM and SPM installation, operations and maintenance.

The Offshore vessel and Marine Management Division provides offshore support vessels like supply vessels, crew boats and hook up/ accommodation barges globally.

The Special Force Protection Division has been created to provide offshore patrol vessels to the oil fields and other offshore installations for security and protection.

 

GEORGE DUKE chairman & managing director  is a former special force officer in indian navy, promoter holding good 70% of  4.93cr issue capital . Latest quater company EPS 2.29 and expected 2014 -2015 EPS 8.5 , So it is trading just 4.5 times forward earings is deeply undervalue stock. Stock trading only BSE at current price is 38rs. company announced BSE website of received major orders from indian large oil exploration company.
 
 CONCLUDE :- Offshore stocks are trading favourite in stock exchanges in world wide this stock is good value creating long term portflio, One can buy this stock for 1 to 2 year horrizon make good profits.
Detalis of company click this link :-www.dukeoffshore.com


DISCLOSURE :- I am holding and  intersted in this stock.
 
 

6 comments:

  1. why promoters are selling in open market? pradip mehta

    ReplyDelete
  2. You recommended at 38 levels and now it has dropped steeply to around 30 levels ... Seems purely a operator stock. Do you still think it is worth holding this stock for long term or shall we make an exit in loss at current levels.

    Kindly reply.

    ReplyDelete
  3. Sir can we enter this stock at current levels ?

    ReplyDelete
  4. You recommended at 38 levels and now it has dropped steeply to around 28 levels ... Seems purely a operator stock. Do you still think it is worth holding this stock for long term or shall we make an exit in loss at current levels. CAN YOU PLZ REPLY SIR ????

    ReplyDelete
    Replies
    1. Latest Q2 results is bellow expectation so stock will range bound (26 to 35) Q3 is much important. 26 level is bottom for stock one can add @26 .More then 70% promoter holding company how operator manipulate ? patience will pay in long term.

      Delete