ONMOBILE GLOBAL LIMITED – A HIDDEN GEM – DOUBLE THE MONEY TARGE

By | 11th March 2018

CMP: 44.90     Target Price: 90.00     Upside:100%

ONMOBILE - DOUBLE THE MONEY
ONMOBILE – DOUBLE THE MONEY

 
OnMobile Global Limited (OnMobile) is a public limited company incorporated in India and has its registered office at Bengaluru, India and has offices in all regions of the world. The key product offerings of OnMobile are Ringback Tones, Digital Content Store and Infotainment. OnMobile is the global leader in Ringback Tones, which replaces the boring “tiring-tring” the caller listens to, with interesting sounds of their choice. Digital Content Store is a one-stop mobile destination for discovering digital content like videos, games, music and images. Infotainment offers music, contest, news and sports to consumers over the mobile.
OnMobile is the global leader in Ringback Tones and is known for its technology innovations that provide an unmatched consumer experience through intelligent digital storefronts, analytic-driven customer lifecycle management, a pioneering global network operations center and a world-class content management system.
BSE Code: 532944
NSE Symbol: ONMOBILE
Market Cap: Rs.520 crore
52 Week H/L: Rs.94.95/Rs.45
Face Value: Rs.10
No. of Shares: 10,52,75,726
Promoters: 48.37%**
Others: 51.63%*

*2.04% by Chandramouli J
1.12% by Rajasthan Global Sec.
1.07% by Naishadh Jawahar Paleja
**Zero Pledge

INVESTMENT RATIONALE:

  • Debt free.
  • Profit making.
  • Uninterrupted distribution of dividend.
  • Holding cash / mutual fund investments of Rs.284 crore (Rs. 27/share)
  • Book value Rs. 65
  • OnMobile has secured a 3-year deal with Banglalink during July 2017, a digital communications Services provider of Bangladesh, to provide Ringback Tones and Reverse Ringback Tones to its customers.
  • Stock is trading at 0.77xBV
  • Rs. 27/share Cash & Cash equivalent
  • CMP much lower than 52 week high
  • Stock is trading at 8XFY19 EEPS
  • OnMobile is largest Telecom Ancillary in India providing various services to all leading telecom operators
  • OnMobile LIKELY TO GET HUGE ORDER FROM LARGEST MOBILE OPERATOR IN INDIA

VALUATIONS:

 

  • Stock is trading at 0.77xBV
  • Rs. 27/share Cash & Cash equivalent
  • CMP much lower than 52 week high
  • Stock is trading at 8XFY19 EEPS
  • OnMobile is largest Telecom Ancillary in India providing various services to all leading telecom operators
  • OnMobile LIKELY TO GET HUGE ORDER FROM LARGEST MOBILE OPERATOR IN INDIA

 

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Disclaimer:

My descriptions, videos, presentations are only for educational and information purposes and under no circumstances should be used for making investment decisions. I cannot guarantee the accuracy of any information provided.
The stocks picks are based on my own research and personal views and sometimes are from newspapers, tv channel program, magazines, etc. No part of compensation is or will be directly or indirectly related to the views and recommendations of this research. I have not served as an officer director or employee of the company and have not been engaged in the market – making the activity of the company covered in the research report.
Consult qualified financial advisor before making any investment decision.

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