Elektromotive: (Co. Highlight) Co. has been going round the different security houses to promote investor’s awareness to highlight Co. on its radar screen. Backing on the connections of Price Hakeem, the Co.provides electric vehicle charging stations, Food & Beverage (F&B) and media services, although Co. is in the midst of phasing out its (F&B) division as Co. focuses on its Electric vehicles business.
2H12 results are unlikely to excite as Co. transitions to focus on its electric vehicles (EV)- related business, however mgt has guidance to look forward to FY13 results which will show the potential of its EV charging business. According to mgt, Co has guidance for enormous returns over the nxt few yrs, citing 2012 as the yr of the EV, as major car makers start to roll out new and more appealing EV Car models.
4 key catalysts that ignite interest in this stock are:
1) Any announcement of a tie-up with automotive makers
2) Announcement with back-end players in the EV charging business
3) Announcement with power supply companies that provide the electricity necessary for charging such vehicles, and
4) successful IPO exercise by its competitor, ChargeMaster, in London.
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