One thing i am not sure is how they will deliver the buses in August when they are not yet have any land to put up the factory?
I have sent email to investor relation, if no reply need to file a complaint in SEBI
3 Likes
I’m just wondering how come Screener is showing EMT’s PE as 27.5, while the ET and Tijori are showing it around 58-60 (assuming they relied on the TTM EPS). Screener has got any different methodology for this stock alone? or is that a glitch ? Can anyone clarify this?
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recent share split. value will be adjusted soon in tijori and trendlyne. screener is correct
Screener PE ratio is incorrect, still its trading at 60 PE after massive fall.
I feel these valuations also not sustain due to poor growth in the business
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company issued statement as:
“As per information available in the public domain, the ED conducted searches at over 50 locations of various persons/ corporates. Amongst them one was EaseMyTrip premises.
While EaseMyTrip has no direct or indirect association with the Mahadev Betting App or any other betting platform, we remain fully committed to cooperating with the authorities throughout the course of the investigation” - said a EaseMyTrip spokesperson
What is says and what it not saying…
Co is not denied raid on their premises. Instead they admit their premises were searched.
While denying association with the Mahadev Betting App, they do not deny being under investigation, or clarify the reason for the ED’s visit.
Stock is at same level as closing at this time of day. We are interesting time, what market takes from note? As per me this is negative developments and stock price is not reflective of news.
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This was a serious warning. I paid heed to it and got out. Any company running around like a headless chicken is a definite alarm beep.
Oh my God,
Horrible result and 3 costly / unrelated acquisition, worst than worst case scenerio. This company’s destiny seems worst than Gensol.
Disc: No Investment, as indicated in past posts in same thread.
2 Likes
Yes, these are the stepping stones towards share price of below 5/-
Air travel segment revenue dropped 50% YoY, more than 30% QoQ. This is very rare in the company history.
3 Likes
Just see the shareholding pattern to understand the level of pump and dump in the stock.
From 47,000 shareholders to 10L shareholders and that too on a 3k mcap company…
Horrendous
3 Likes
Pumping started in this script without any valid reason.
No quarterly earning call is conducted after announcing Q1 results. There are no lower circuits after such a disaster results.
All these things seems to be that management is well planned the absorbing of selling after results announcement and now artificial pumping is already started without any reason.
Dumping will also start soon, retailers be careful
4 Likes
we can start looking when it trades below 1 Rs (remember I said start looking, which means we need to evaluate at that time)
1 Like
The news should be the founder and IITIAN Prashant Pitti resigned from MD post and left EMT entirely. P was founder and key man of EMT. Two brother Rikkant and Nishant can’t run 1/100th of EMT size company. It seems the fall of EMT is linked to fight among brothers, prashant should have 90% share of promoter, instead intially he has just 0.5% share and later 10% only. Stay away from EMT.
Disc: Negative - same as indicated in earlier post.
5 Likes
Disc: Am not invested and I have negative views on company (as shared in thread)
In recent news, EMT acquired 49% stake in 4 companies for share swap basis. They will be provided shares of EMT of that value, no cash transactions.
Doodles - entertainment chain for children aged 5 to 15. The centers feature soft play areas, trampoline parks, VR games, arcade challenges, and edutainment activities.
INR 24.50 Crores for a 49% stake.
SSL Nirvana Grand Golf Developers - Golf Development and creating “lifespaces” that blend nature and peaceful surroundings.
INR 100.53 Crores for a 49% stake.
Javaphile Hospitality - Hospitality segment.
INR 19.60 Crores for a 49% stake.
Levo Beauty - Beauty, Wellness, and Aesthetics space, offering services in dermatology, skin care, salon services, and spa & wellness treatments
INR 24.50 Crores for a 49% stake.
Total 170 cr share swap basis. The share is allocated in floor price basis (FP) - Volume Weighted Average Price (VWAP) - average of the weekly high and low of the VWAP of the shares during the 90 or 10 trading days.
FP may be higher than CMP, however for simpicity assume FP same as CMP = Rs. 8.
Allocated: Rs. 170 crore
New Shares to be Allocated (N): 21.25 crore shares
Current Total Shares: 364 crore shares
Total: 385.25
Dilution Percentage = 21.25/385.25 = 5.5%
Lockin period for 4 companies is 6 months.
My question is why those 4 companies taking shares of EMT? - as they must know current state of EMT.
Is there any round tripping like scenarios possible? Or
Those companies will exit their EMT share post lock-in period and transaction will be settled privately – is this possible?
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I understand your concerns but my only suggestion is to remove this company from even watchlist.
Promoters prioritizing their fantasies than running the core business efficiently.
Their investment in the Ayodhya hotel, UK hospitality business and EV bus manufacturing are big blunders.
2 Likes
Company came up with another rounds of siphoning of funds.
Once its done with Go air and now without naming the airline again started diverting funds. Once such episode every year is diverting all profits to provisions and such provisions never come back to books.
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Dubai operation showing 20% of gross sales
Seems to be hogwash in name of package business
Receivables increasing
This is pure loot. Had told single digit earlier, founders have made their money and will move to dubai
3 Likes