SPANCO: Nice gains

SPANCO is on target and touched 141.75 today, up 9% after my call. Hold for further up moves and reaching of target within 2-3 months. Did anyone buy?

On Mon, Oct 4, 2010 at 12:19 AM, powerfulpicks <powerfulpicks@gmail.com> wrote:

powerfulpicks long term call: Buy SPANCO on dips at 128-130 for a 12 month target of 165 (+27%). Government power and telecom projects (system integration) for Railways, state electricity boards and telecom service providers, BPO (International and Domestic) are its core business areas, which holds a lot of promise. UID, Integrated Check Posts, Health Care, BPO centers in Africa are areas where the company is expanding. I see a lot of future value unlocking in the company because it is well managed with focused strategies. A P/E of 5.6 and a P/BV of 0.8 makes it look still cheap.