So, you want to have great food, buy a risky stock and yet stay on top of the world

So, you want to have great food, buy a risky stock and yet stay on top of the world

THEN TRY

Indage Restaurants and Leisure Ltd.
Plz visit : http://indagerestaurants.com/

Dear Investors, in no clear terms are we recommending this stock but just look at the stock price movement to see how wildly stocks can move and defy logic!

Yearly Low in 1997 = Re.1 /share

Yearly High in 2006 = Rs 111.35/share

52 Weeks H/L 17.25 / /8.02

Cuurent Market Price : Rs. 9.60 [ Hit upper circuit today 21 Sep’ 2010 ]

So, what’s so great of this company? Perhaps their flash oriented website and probably the hot and cold stuff that they serve in their restaurants bedecked with cool ambience!

Way back in FY 2004+-05, the company did turnover/revenues Rs.5.47 crores and a churned a PAT of Rs.0.04 crores. And five years down the line in FY 2008-09, the company clocks a turnover of Rs. 26.03 crores and bleeds with a PAT of Rs.12.35 crores! Mind you, what happened to results after FY 2008-09 nobody knows – neither BSE nor Indage because nothing whatsoever appears on the respective site.

When you buy a company, make sure that the company has great corporate governance practices – the company should share maximum information about what’s happening in the company and if nothing is happening then that too should be made public to existing/potential shareholders and if somebody has duped the company or if the company has duped somebody then that too should be confessed - that’s what I call corporate governance of the highest order.

Yes, disposal incomes are expected to increase at an average of 8.5 per cent p.a. till 2015. Gradually, new shopping malls, restaurants etc in both small and large cities has evolved from a need based activity to a leisure pastime.

So, may be the stock of Indage Restaurants and Leisure Ltd. May rise from current levels to break the yearly high of Rs.111.35 / share but be careful – the stock could very well come sliding down faster than you can say “ STOP.”

And as I sign off, I promise you guys one thing – if I ever become a trillionaire [ i.e. 1 trillion USD and not 1 Trillion Ruppes - presuming that USD will regain its lost glory pretty soon ] I’ll invite each one of you for a grand eating blast at Nandos – and I won’t be responsible if you are a veggie- guess Nandos services only spicy hot non-veg stuff. And meanwhile if you ever need company, just call me and I’ll be glad to accompany you to Indage Restaurants to discuss bulls, bears and stocks if you agree to foot the bill!

Friends, trust me that stocks like Indage Restaurants and Leisure Ltd. are for Las Vegas type casino players who conveniently ignore fundamentals and believe that than can snatch victory from the jaws of a tiger! God bless them.

Then you may ask, which stocks can give you great returns. The answer is simple: Just opt for the Promotional Bargain Stock Package which is valid till 25 September 2010. For details, please visit www.indianvalueinvestors.com. and take your financial kingdom to greater heights.

Kishor S. Khot, [Kishor@hbjcapital.com], Equity Strategist, HBJ Capital Services Pvt Ltd