Igate global solutions-Ready to rock

Igate global solutions-Ready to rock

Often i have been requested to name some short term ideas but as i have admitted i do lack the caliber of suggesting near term moolahs.These time after some reseacrh here is something i set to present you.A short term scrip which may surprise in the coming days."The short term Moolah"Scripscan:iGate Global Solutions LtdCMP:358Target:450Duration:2 monthsStory:IGate Global Solutions is a subsidiary of iGate Corp, a Nasdaq-listed company. Its services include consulting, enterprise data management and data warehousing, business intelligence and analytics, design, development, system integration, package evaluation and implementation, re-engineering and maintenance. Igate recently along with results announced that the company would be delisted within this december 07 itself through the reverse book building route with the average price prevailing prior to November 13th,2007 as a base price and the same would be a tendering process. Igate is expected to report an EPS of around 32 rs for 09.Even if we give a conservative P.E of 14 the price comes at around 450rs.As it would get delisted by 07,it represnts a great short term oppurtunity.So buying at the present price of 358 rs would atleast mean a windfall gain of 25%(450rs)for the shareholders.The buyback price would be decided based on the price tendered by the highest number of stakeholders.So BUY AT THE CMP OF 358RS AND TENDER YOUR SHARES AT 450RS.Igate has got a promoter holding of 81%, according to the laws to delist the company one needs to have a promoter holding of 90%.Since Igate is just starting to show up the results, we expect all shares to get tendered(barring unforseen circumstances).Even the price can stand higher as punters may get involved to jack up the price.In all ways investors stand to gain the most.SO GO FOR IT.