Investors await the success of the Reborn Jaykay EnterprisesCompany is controlled by Mr. Abhishek Singhania, originally from the undivided JK group who has invested Rs. 54 crores in the past 3 FYs by way of preferential warrants converted to equity shares (average of Rs. 25/- per share)... Over and above that, through sale and income from investments/properties, it had generated 25+crores in the past 3 years... Current Market cap is 230 crores only
Going through the stock filings. MCA website, financial statements it can be observes that the company plans to derive revenues from 5 fields:
1. Land bank at Kota, Kolkata and a smaller one in Rajasthan.
2. Trading/Sale of software products.
3. Investment Income.
4. 3D Printers and related tech solutions for which it has 2 companies, one is an associate company called Nebula3D in which it holds around 40% share and a newly formed company Neumesh in partnership with EOS Germany at 70:30 ownership.
5. Manufacturing of defence parts and has acquired a partnership firm, Silvergreen Engineers wich manufactures and supplies accesories to defence equipment manufaturing industry.
TIll now, nothing substantial is seen in terms of sales in te defence and 3D Printing tech company although from the filings given time to time things are happening under the hood.. for developing its land in Kota it may have entered into some sort of partnership with another associate company, JK Cotton. At present, some income continues to be generated from Investment Income and Sale of software only apart from dividend and profit share from its associate companies....
Share price rose from the dumps when the Singhania scion first got himself preferential warrants and the company anounced foray into new business verticals.... The JV 3D Printig co. has got 8 crores of equity funding and taken on 22 crores of debt...the defence firm is continuously receiving funds from the company, last quarter, a further investment of 10 crores was anounced.. investment has also gone to the associate printing company..Company is controlled by Mr. Abhishek Singhania, originally from the undivided JK group. who has invested Rs. 54 crores in the past 3 FYs by way of preferential warrants converted to equity shares.. Over and above that, through sale and income from investments/properties, it had generated 25+crores in the past 3 years...
Going through the stock filings. MCA website, financial statements it can be observes that the company plans to derive revenues from 5 fields:
1. Land bank at Kota, Kolkata and a smaller one in Rajasthan.
2. Trading/Sale of software products.
3. Investment Income.
4. 3D Printers and related tech solutions for which it has 2 companies, one is an associate company called Nebula3D in which it holds around 40% share and a newly formed company Neumesh in partnership with EOS Germany at 70:30 ownership.
5. Manufacturing of defence parts and has acquired a partnership firm, Silvergreen Engineers wich manufactures and supplies accesories to defence equipment manufaturing industry.
TIll now, nothing substantial is seen in terms of sales in te defence and 3D Printing tech company although from the filings given time to time things are happening under the hood.. for developing its land in Kota it may have entered into some sort of partnership with another associate company, JK Cotton. At present, some income continues to be generated from Investment Income and Sale of software only apart from dividend and profit share from its associate companies....
The JV 3D Printig co. has got 8 crores of equity funding and taken on 22 crores of debt...the defence firm is continuously receiving funds from the company, last quarter, a further investment of 10 crores was anounced.. investment has also gone to the associate printing company.. Share price rose from the dumps oF Rs. 3 when the Singhania scion first got himself preferential warrants and the company anounced foray into new business verticals....Investors who were euphorically lapping up its shares betting that the promoter is chip off the old block are in a quandry as none of the 3 new verticals have shown any tangible results...
This should be in the radar of small cap/micro cap investors... an order win from its defence parts mfg firm/consistent sales from the 3D printer tech subsidiary could trigger the next upmove....technically weak and going lower until such positive news hits the market
