Thursday, October 27, 2005

LIC Housing Finance

Definitely a buy!!! Meet these specs -
[a] The NCA of the scrip is 128 rupees per share
[b] Cash in the company is a good 27 rupees per share
[c] Current dividend is 5 rupees off a 10 rupee share. The dividend yield is 2.5% p.a. I expect the company to continue with the 5 rupee per share dividend policy

The profit per year numbers are at 14 rupees which is fairly OK though not one that breeds too much of confidence but the 15000 ton bridge for a 10,000 ton truck gives me enough confidence to raise a buy on this stock.

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