This follows the tweaking of the definition of retail investors by the Ministry of Finance, Department of Revenue (Central Board of Direct Taxes) on March 6, the day the bonds opened for subscription.
The GoI notification said that any individual investor investing up to Rs 5 lakh shall be treated as retail investor and any individual investor investing more than Rs 5 lakh shall be treated as High Networth Individual.
The raising of the limit would probably help the chances of investors being allotted more bonds in proportion to their investment in case of very heavy subscription. The company had proposed to raise Rs 1,500 crore through the public issue of tax-free secured redeemable non-convertible bonds of face value of Rs 1,000 each, in the nature of debentures, during FY 2011-12.
It had the option to retain oversubscription of up to an aggregate Rs 3,000 crore. The REC tax-free bond Issue will close on March 12 and the minimum application amount is Rs 5,000. The retail coupon rate is 8.13 per cent for 10-year bond and 8.32 per cent for 15-year bond. The bonds are proposed to be listed on the BSE and there is no lock-in period.
Best Beverage Stocks To Own Right Now: Pharmaxis Ltd (PXS)
Pharmaxis Ltd is a pharmaceutical company that researches, develops and commercializes therapies for undertreated respiratory diseases. Its therapeutic interests include lung diseases such as cystic fibrosis, bronchiectasis and asthma, as well as chronic obstructive pulmonary diseases such as chronic bronchitis and pulmonary fibrosis. The Company�� products include Aridol and Bronchitol. The Company�� Aridol product is a lung function test. The product is designed to identify twitchy or hyper-responsive airways and to assist in diagnosing and managing asthma. Aridol is approved for sale in Australia, European countries, South Korea and the United States. is a drug designed to reduce the amount of mucus build-up in the lungs of patients suffering from chronic respiratory conditions. The Company develops Bronchitol for diseases including cystic fibrosis, bronchiectasis and chronic bronchitis. Advisors' Opinion:- [By Trista Kelley]
Science in Sport Ltd. broke away from its parent company, Provexis Plc (PXS), and began trading today after an initial public offering as the maker of nutritional sports gels rides a surge in Britain�� Lycra-clad cyclists.
Top Gas Utility Companies To Invest In 2014: AZZ Inc (AZZ)
AZZ incorporated, incorporated on March 29, 1956, is an electrical equipment and components manufacturer, serving the global markets of power generation, transmission and distribution, and the general industrial markets, and a provider of hot dip galvanizing services to the North American steel fabrication market. The Company operates in two segments: the Electrical and Industrial Products and Services Segment and the Galvanizing Services Segment. On October 1, 2012, the Company completed the acquisition of substantially all of the assets of Galvcast Manufacturing Inc. On January 2, 2013, the Company acquired G3 Galvanizing Limited (G3), a company with galvanizing operations in Halifax, Nova Scotia. On March 29, 2013, the Company completed its acquisition of Aquilex Specialty Repair and Overhaul LLC. In April 2013, it completed the acquisition of Aquilex Specialty Repair and Overhaul LLC (Aquilex SRO).
Electrical and Industrial Products and Services Segment
The Company�� Electrical and Industrial Products and Services Segment produces engineered specialty electrical products, industrial lighting and tubular products, all of which the Company market and sell both in domestic and international markets. The Company�� electrical products are designed, manufactured and configured to distribute electrical power to and from generators, transformers, switching devices and other electrical configurations and are supplied to the power generation, transmission and distribution markets and the general industrial market. The Company�� industrial products include industrial lighting and tubular products. The Company provides lighting products to the petroleum and food processing industries, and to other industries with lighting challenges. The Company also provides tubular products to the petroleum industry. In addition, the Company�� Electrical and Industrial Products and Services Segment provide electrical and mechanical equipment and services enhancing the safety of nuclear faci! lities.
Galvanizing Services Segment
The Galvanizing Services Segment provides hot dip galvanizing to the steel fabrication industry through facilities located throughout the South, Midwest, East Coast and Southwest of the United States and in the Canadian provinces of Quebec, Ontario and Nova Scotia. Hot dip galvanizing is a metallurgical process in which molten zinc is applied to a customer�� material. As of February 28, 2013, the Company operated thirty-five galvanizing plants, which are located in Alabama, Arkansas, Arizona, Colorado, Indiana, Illinois, Louisiana, Kentucky, Minnesota, Mississippi, Missouri, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia in the United States and Ontario, Quebec and Nova Scotia in Canada. The Company serves fabricators or manufacturers that provide services to the electrical and telecommunications, bridge and highway, petrochemical and general industrial markets, and numerous original equipment manufacturers.
Advisors' Opinion:- [By Eric Volkman]
AZZ (NYSE: AZZ ) is again opening its coffers for a shareholder payout. The company has decided to keep its dividend steady by declaring a fresh distribution of $0.14 per share. This will be paid on July 26 to shareholders of record as of July 12. That amount matches each of the firm's previous three distributions, the most recent of which was handed out in early May. Prior to that, AZZ paid $0.25 per share, although this was in advance of a two-for-one stock split effected in July 2012.
- [By Holly LaFon] Worth-based Azz Inc. (AZZ) makes electronic equipment and tubular products and provides galvanizing services. Greenblatt bought 19,515 shares of the company at an average of $43 per share in the fourth quarter.
Azz has generated strong cash flow over the last 10 years, with two slightly down years. It grew its revenue at a 10-year rate of 10.9 percent, EBITDA at 22.9 percent, and book value at 17.2 percent. In the last five years it grew cash flow at a rate of 11 percent. Its return on equity has been in the double digits since 2007 and return on assets has been declining for the last four years.
The company�� stock price fell to 52-week lows in the fourth quarter, but began to turn around when the company announced its fourth-quarter financial results. Its net sales had increased to $345.5 million in the first nine months of the year from $280 million in the same period last year. Net sales increased in both its electrical and industrial products and its galvanizing services segments after its electrical and industrial products segment revenue had decreased 20 percent for the full year ended February 2011.
The company�� future prospects will be influenced by the expansion of the solar industry. "I anticipate an overall growth rate of 2 to 3 percent in the coming year. The solar market was and remains the driving force for growth in 2011, and is projected to remain a significant player through 2016,��said Tim Pendley, senior vice president and chief operating officer with AZZ Inc.
Azz�� P/E, P/S and P/B ratios:
AZZ pe,ps,pb Interactive Chart
Primoris Services (PRIM)
Primoris is a contractor and infrastructure company founded in 1946. It provides services related to construction fabrication, maintenance, replacement, water and wastewater and engineering to clients that are typically major public utilities, petrochemical companies, energy companies, municipalities and others. It doubled its size in 2009 and 2010 whe
- [By Lauren Pollock]
AZZ Inc.'s(AZZ) fiscal second-quarter earnings rose 3.1%, but the company warned that delays in new construction for domestic and international nuclear-power projects and the delayed start for the “petrochemical renaissance” in the Gulf Coast have resulted in a significant portion of its backlog in the electrical and industrial segment. It lowered its outlook for the year and projected weak results for the current quarter.
- [By Roberto Pedone]
Another earnings short-squeeze prospect is electrical equipment and components maker AZZ (AZZ), which is set to release numbers on Friday before the market open. Wall Street analysts, on average, expect AZZ to report revenue of $202.83 million on earnings of 66 cents per share.
The current short interest as a percentage of the float for AZZ sits at 2.9%. That means that out of the 24.47 million shares in the tradable float, 696,000 shares are sold short by the bears. If the bulls get the earnings news they're looking for, then shares of AZZ could spike sharply higher post-earnings as the bears look to cover some of their bets.
From a technical perspective, AZZ is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong for the last three months, with shares moving higher from its low of $34.61 to its recent high of $44.69 a share. During that uptrend, shares of AZZ have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of AZZ within range of triggering a near-term breakout trade post-earnings.
If you're bullish on AZZ, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance at $44.69 a share with high volume. Look for volume on that move that hits near or above its three-month average action of 229,856 shares. If that breakout triggers, the AZZ will set up to re-test or possibly take out its 52-week high at $49.10 a share. Any high-volume move above that level will then give AZZ a chance to trend north of $50 a share.
I would simply avoid AZZ or look for short-biased trades if after earnings it fails to trigger that breakout and then drops back below its 200-day at $41.10 a share with high volume. If we get that move, then AZZ will set up to re-test or possibly take out its next major support levels a
Top Gas Utility Companies To Invest In 2014: Jos. A. Bank Clothiers Inc.(JOSB)
Jos. A. Bank Clothiers, Inc. engages in designing, manufacturing, retailing, and direct marketing men?s tailored and casual clothing and accessories in the United States. The company?s product offerings include tuxedos, suits, shirts, vests, ties, sport coats, pants, sportswear, overcoats, sweaters, belts and braces, socks, and underwear. It sells its products primarily under the Jos. A. Bank label through its own and franchised stores, and catalogs, as well as the Internet at josbank.com. The company also sells branded shoes from various vendors. As of April 30, 2011, it operated 515 retail stores, which consists of 489 company-owned full-line stores, 12 company-owned outlet and factory stores, and 14 stores owned and operated by franchisees in 42 states and the District of Columbia. The company was founded in 1905 and is based in Hampstead, Maryland.
Advisors' Opinion:- [By Lisa Levin]
Jos. A Bank Clothiers (NASDAQ: JOSB) shares reached a new 52-week high of $62.80 as Men's Wearhouse (NYSE: MW) announced a non-disclosure agreement with Jos. A. Bank.
- [By Reuters]
Craig Warga/Bloomberg via Getty Images NEW YORK -- Looks like the best suitor won. After an extended chase that included overtures on both sides, Men's Wearhouse and Jos. A. Bank will combine to create the nation's fourth largest seller of menswear. Men's Wearhouse (MW) said Tuesday that it's buying its rival Jos. A. Bank Clothiers (JOSB) for $1.8 billion. The company will pay $65 a share, a 5 percent premium to Jos. A. Bank's most recent closing price. As part of the deal, Jos. A. Bank also said it's terminating its deal to acquire the parent company of Eddie Bauer, which sells rugged outerwear. Shares of both companies rose on the news: Men's Wearhouse's shares were up nearly 5 percent to $57.13, while shares of Jos. A. Bank increased nearly 4 percent to $64.22. The acquisition comes after months of the two chains publicly fighting over who would acquire whom. Industry watchers had speculated that a merger was inevitable given the challenges the companies face in the increasingly competitive menswear landscape. With more than 1,700 U.S. stores and $3.5 billion in annual sales, the combined company's reach in men's clothing will fall behind only Macy's (M), Kohl's (KSS) and J.C. Penney (JCP). "Together, Men's Wearhouse and Jos. A. Bank will have increased scale and breadth," Doug Ewert, president and CEO of Men's Wearhouse, said in a statement. Jos. A. Bank made the first move in October when it offered to buy its larger rival for $2.3 billion, just a few months after Men's Wearhouse ousted its founder and chairman. Men's Wearhouse shot down that offer, and turned the tables, offering to buy its rival for $1.54 billion. But after Jos. A. Bank turned down that bid, Men's Wearhouse increased its offer to $1.6 billion, and then again to $1.78 billion. In the middle of the back-and forth, Jos. A. Bank said last month that it was buying the parent of Eddie Bauer, but left the door open for a deal with Men's Wearhouse. At the time, it said if it received
- [By Rich Duprey]
Now that the drama of its $1.8 billion acquisition of�Jos. A. Bank (NASDAQ: JOSB ) �is largely behind it,�Men's Wearhouse (NYSE: MW ) is turning to the task of figuring out just how it's going to make good on its promise to eliminate $100 million to $150 million in costs over three years. Although it still has to gain regulatory and shareholder approval before an expected fourth-quarter closing date, effecting the synergies it sold investors on as the plausible reason for paying a high price for its rival remains the largest hurdle ahead.
Top Gas Utility Companies To Invest In 2014: NetQin Mobile Inc. (NQ)
NetQin Mobile Inc. operates as a software-as-a-service provider of consumer-centric mobile Internet services focusing on security and productivity in the People?s Republic of China and internationally. It provides a suite of mobile Internet services that protect mobile users from security threats and enhance their productivity. It offers mobile security services, including mobile malware scanning, Internet firewall, account and communication safety, anti-theft, performance optimization, hostile software rating and reporting, and other services to protect users from mobile malware threats, data theft, and privacy intrusion. The company also provides mobile productivity services comprising screening incoming calls, filtering unwanted spam, SMS messages, protecting communication privacy, and managing calendar activities, as well as cloud-side synchronization of personal data, including address books, text messages, and calendars to enhance time and relationship management. In addition, it provides personalized intelligent cloud services that utilize synchronized user information to provide tailored user experience and extend the functionalities of its core services. Further, the company offers security forums and download services for third-party mobile applications. The company was founded in 2005 and is based in Beijing, the People?s Republic of China.
Advisors' Opinion:- [By Garrett Cook]
In trading on Monday, telecommunications services shares were relative laggards, down on the day by about 0.48 percent. Top losers in the sector included Telecom Argentina SA (NYSE: TEO), down 6.57 percent, and NQ Mobile (NYSE: NQ), off 6.69 percent.
- [By Paul Ausick]
Stocks on the Move: ParkerVision Inc. (NASDAQ: PRKR) is down 59.2% at $2.89 following a smaller-than-hoped-for award in its patent suit against Qualcomm Inc. (NASDAQ: QCOM). NQ Mobile Inc. (NYSE: NQ) is down 50.7% at $11.28 following a blistering from analysts at Muddy Waters.
- [By Garrett Cook]
On Wednesday, the telecommunications services sector proved to be a source of strength for the market. Leading the sector was strength from Internet Gold Golden Lines (NASDAQ: IGLD) and NQ Mobile (NYSE: NQ).
- [By Garrett Cook]
NQ Mobile (NYSE: NQ) shares tumbled 34.32 percent to $4.44 after the company announced certain changes to its Board of Directors and provided a status update on its 2013 annual audit.
Top Gas Utility Companies To Invest In 2014: Puget Technologies Inc (PUGE)
PUGET TECHNOLOGIES, INC., incorporated on March 17, 2010, is a development-stage company. The Company is engaged in the distribution of luxury wool bedding sets produced in Germany. The Company�� product includes Lama Wool, Camel Wool, Cashmere Wool and Merino Wool.
The Company�� Lama Wool is consists of 50% Lama Wool hair, and 50% Merino wool hair. The Camel wool is consists of 50% Camel wool hair, and 50% Merino wool hair. The Cashmere wool is blended with Merino wool.
Advisors' Opinion:- [By Peter Graham]
Small cap stocks Inscor, Inc (OTCMKTS: IOGA), Puget Technologies Inc (OTCBB: PUGE) and PTA Holdings Inc (OTCMKTS: PTAH) have all been getting some attention lately in various investment newsletters or investor alerts. However, two of these small caps have been the subject of paid promotions while the third is getting attention largely because its in the growing marijuana or cannabis business. With that in mind, are these stocks really all that hot or not? Here is a quick reality check:
Top Gas Utility Companies To Invest In 2014: ADTRAN Inc.(ADTN)
ADTRAN, Inc. designs, manufactures, markets, and services communications network solutions that enable voice, data, video, and Internet communications across wireline and wireless networks worldwide. Its Carrier Networks division provides fiber and copper-based solutions for service providers to deliver voice, data, and video services to customers? premises and mobile network cell sites. Its products enable services, such as voice, VoIP, IP television, RF video, high speed Internet access, and data services based upon Ethernet, frame relay, TDM, and ATM networks, connecting the network with user components, such as switches, routers, gateways, integrated access devices (IADs), private branch exchanges (PBXs), and telephone key systems. This division serves local exchange carriers, independent operating companies, competitive local exchange carriers, utilities, municipalities, cable MSOs, international carriers, and wireless service providers. The company?s Enterprise Net works division provides Internetworking solutions for enterprise customers to construct voice, data, and video networks within their sites or among distributed sites. It offers Internetworking solutions, including IP business gateways, optical network terminals, virtual wireless LAN products, multi-service routers, managed Ethernet switches, IP PBX products, IP phone products, unified communications and unified threat management solutions, and carrier Ethernet network terminating equipment, as well as provides IADs. This division serves the retail, food service, healthcare, finance, government, education, manufacturing, military, transportation, hospitality, and energy/utility markets. ADTRAN, Inc. also provides digital data service and integrated services digital network products, high bit-rate digital subscriber line products, T1/E1/T3, channel service units/data service units, and fixed wireless products. The company was founded in 1985 and is headquartered in Huntsville, Alabama.
Advisors' Opinion:- [By Lee Jackson]
ADTRAN Inc. (NASDAQ: ADTN) is a leading global provider of networking and communications equipment. Its products enable voice, data, video and Internet communications across a variety of network infrastructures. ADTRAN solutions are currently in use by service providers, private enterprises, government organizations and millions of individual users worldwide. The Thomson/First Call price target for the stock is $22, and investors receive a 1.4% dividend.
- [By Seth Jayson]
ADTRAN (Nasdaq: ADTN ) is expected to report Q2 earnings on July 10. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict ADTRAN's revenues will wane -16.3% and EPS will compress -50.0%. - [By Seth Jayson]
When judging a company's prospects, how quickly it turns cash outflows into cash inflows can be just as important as how much profit it's booking in the accounting fantasy world we call "earnings." This is one of the first metrics I check when I'm hunting for the market's best stocks. Today, we'll see how it applies to ADTRAN (Nasdaq: ADTN ) .
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