Wednesday, November 10, 2010

AlphaGeo

This one is the most wierd result, that I have seen till now, I have seen profits doubling, quadrupling, margins expanding, revenues falling but revenues falling to zero is truly amazing, how can a company not have any revenues in a quarter i.e. 90 days. Well the company i am talking about Alphageo, just reported some crazy numbers, they reported zero sales and hence a total loss of -5.4cr. The company is into collection of seismic data for exploration and drilling purposes. The comapny during January 11, 2008 was quoting at a price of 901 and PE multiple of 50!!! and P/B of 12!! and as it stands today the company is at a PE of ~11. I really would want to see how the market reacts to the zero revenue. As of today the price was up 2% and the stock was quoting at 202.

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