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.