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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (8055)10/11/1999 8:09:00 AM
From: Mohan Marette  Respond to of 12475
 
Silverline targets ADR launch in 2000 Q1

BOMBAY, Oct 11 (Reuters) - Indian software firm Silverline Industries Ltd was aiming to launch its American Depositary Receipt (ADR) in the first quarter of calendar year 2000, the company's executive director Kumar Subramaniam told a news conference on Monday.

The company expected its 1999/2000 (April-March) net profit at about 780 million rupees on revenue of about three billion, Subramaniam said.

These projections were based on figures yielded after a planned acquisition of group firm the U.S.-based Silverline Technologies, he said.

``The earnings per share (EPS) will rise to about 12 rupees on an equity base of 645 million rupees compared to EPS of 10 rupees on an equity base of about 380 million rupees,' Subramanian said



To: Mohan Marette who wrote (8055)10/11/1999 8:50:00 AM
From: Nandu  Read Replies (2) | Respond to of 12475
 
Mohan, I don't think you are making the right connection between PE and interest rates. It is not a question of the company's cost of debt capital. If you subscribe to the fundamentalist view that the value of a company is the discounted value of its future earnings, then the discounting factor will be higher when interest rates are higher and thus the stock price should be lower.


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