[T.S.R:16911] Money Matters-Still Trades At Discount To Cash In Hand, Given Bribe Allegations Stock Still A Buy

Money Matters-Still A Buy; Business Cannot Sell For Less Than Cash In Hand

QIP of 71.7 lakh shares made at Rs 625 per share in October 2010- Rs 448 crore

Add Cash and Cash Equivalents on March 31, 2010

Net Current Assets-Rs 225 crore

PAT For 9Months to December 2010-Rs 89 crore

Cash and Cash Equivalents With Money Matters As of Dec 31, 2010- Rs 762 crore

Number of Shares Outstanding- 3.5 crore

Cash Value of Money Matters stock- Rs 217 per share.

Current Market Price-Rs 115

Discount to cash in hand- 50 per cent.

Stock made a 52 week high of Rs 780 in October 2010

Down to 15 per cent since then.

Even with no further operations-Money Matters stock should trade above Rs 217

BUY

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