Zicom Electronics - Guarding the Nation!
Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Emerging companies - Mid caps that can become large cap
Forum Discription: These are companies operating in growing markets having have certain niches or specific attributes like new sector plays. These are emerging multibaggers with high risks and high rewards.
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=181
Printed Date: 29/Apr/2024 at 4:03pm
Topic: Zicom Electronics - Guarding the Nation!
Posted By: equity analyst
Subject: Zicom Electronics - Guarding the Nation!
Date Posted: 15/Aug/2006 at 10:04am
|
Dear Sir, Can u throw some light on Zicom Electronics and tata honeywell,both are engaged in Security systems business,does it make sense to buy them and hold for 2-3 years.
Regards
Vineet ------------- "Markets are the places where two types of people meet up in the morning: those with experience and those with money. Towards the end of the day, they exchange their assets and go home." |
Replies:
Posted By: basant
Date Posted: 16/Aug/2006 at 12:51pm
|
Zicom Electronic Security Systems Ltd. (CMP Rs 185) is The security solutions system can detect any security threats or lapses, which are likely to happen at the specified premises and the Response Executives monitor customer’s premises at all times, thus providing protection 24x7, 365 days a year, regardless whether the consumer is at home or away, awake or asleep.. To take care of the power break down situation these devices have an 8 hour power back-up facility. The Financial Snapshot of the company is as under:
In FY 07 Q1 the company did a sales that was almost 40% of the total sales of Fy 06 Out of the Rs 30 crore of this quarter Rs 18.5 crore from Security Solution Group. The RoE is low but should improve over the current year. The company states that growth is coming from both the corporate sectors well as from new retail malls and multiplexes; During FY 07 the new age business (retail and residential segment) will significantly contribute to the growth. There are almost 1.8 million apartments, which are coming up in the residential segment as well as small offices and homes. Therefore the potential business is huge.. Recently the company launched its ZICOMhome and ZICOMbusiness. ZICOMhome is an electronic security system that secures a home at the press of a button. ZICOMbusiness includes products such as TFT Monitor, Digital Video Recorder, Color Dome Camera and an Intrusion Detection System that is specially designed to supplement the security needs of shops and business establishments. Over the next few months the company has chalked out a five-pronged Sales and Marketing strategy, which includes, appointing franchisee locations, appointing distributors, appointment of Direct Sales Agents, embarking on institutional sales and mass media advertising. Zicom admits that privacy is an issue, but the magnitude is miniscule and does not warrant any serious concern. The company has tied-up with Iffco-Tokio General Insurance to provide insurance cover to customers on burglary. Insurance cover up to Rs3 lakhs is provided on burglary to consumers who have opted for specified Zicom products. However, the amount is variable depending on the product configuration. Recommendation: While the Zicom stock does not look cheap the immense growth that the company is looking at will make the stock cheap over the next few quarters. Long term investors should look for an opportunity to get in because security control systems in a growing economy with increasing danger to public and private property (terrorism and otherwise) could be a huge business. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: basant
Date Posted: 06/Sep/2006 at 10:51am
|
SBI Magnum IT is the only mutual fund holding a stake in Zicom electronics. In the month of August 2006 the fund's expsoure to this company as a percentage to their total assets was increased and now stands at 2.42%.
Source:valueresearchonline.com ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: BubbleVision
Date Posted: 07/Sep/2006 at 2:37pm
|
BasantJi, Thanks for the information. I am in this stock from 40's since 2004. I did not see the Tech or the Funda of the company. I just saw the concept. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: basant
Date Posted: 30/Oct/2006 at 9:59pm
|
For the September quarter Zicom reported a net profit of Rs 2.71 crore (up 104.7% y-o-y) from Rs 1.32 crore while Its net sales increased by close to 89% at Rs 37.39 crore from Rs 19.81 crore in the corresponding period of the previous year.
The company experienced an contraction in operating margins at 13.55% from 14.23% but such margin swings should not worry investors as the bigger picture looks good.
They have been advertising heavily on the TV and I called up their customer care for a demo. She took my number and I received a call at 2.00 in the afternoon. I told the lady that I was busy and could she call me after an hour. Many times these call center guys forget to call back but this call was prompt and I received a call exactly after an hour. Their representative would be visting me in a couple of days and the product and the business model does look mighty scalable.
At a market cap of around Rs 200 crores this company does merit a closer attention (investment). ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: marketbuzz
Date Posted: 07/Nov/2006 at 10:31am
|
Also Zicom electronics is a very good player in home security solutions.
Profit has doubled QoQ .
Looks attractive @ 200.
------------- I do it becoz I Like it! |
Posted By: RAKESH
Date Posted: 12/Jan/2007 at 6:42pm
|
Zicom Plans 25 Retail Outlets By December
Zicom Consumer Service Group (ZCSG), the latest venture from Zicom Electronic Security Systems Ltd, is planning to open 25 new retail outlets across Maharashtra by the end of 2007. The company is also planning to launch CNG leakage alarm system for vehicles, soon. Meanwhile, ZCSG on Tuesday opened its first retail outlet in Nashik. The outlet, located on Sharanpur Road here, displays the complete range of products from the Consumer Service Group. The store showcases the latest products and technologies from Zicom along with a host of complementary products and peripherals. It has been designed in an open display format to give customers a new hands-on shopping experience. Zicom has eight retail outlets in major cities across the country, including Mumbai, Ahmedabad, Rajkot, Surat, Chennai and Kolkata.
Speaking after the launch of the company’s first retail outlet at Nashik, Santonu Choudhury, CEO, Zicom Consumer Service Group, said, “We are planning to launch CNG leakage alarm system for vehicles within the next three months. We are also holding talks with the authorities concerned to install the security system at three major temples at Shirdi, Pandharpur and Banaras. As part of expansion, the company is planning to open 25 new retail stores across Maharashtra by December 2007.” “We see potential for our products and services in the market in Nashik, which is emerging as the next destination for electric, automobile and IT industries. Our priority is to reach the end consumer and mitigate the fear of insecurity from their minds by providing them with peace of mind,” said Choudhury.
The Consumer Service Group has been launched to fulfil the retail needs of the consumers. This division offers complete and packaged security solutions for individual, residential complexes, small and medium establishments, etc. It offers an extensive array of Intrusion Detection and CCTV Systems. To meet the various security and monetary needs of the customers, packages are especially designed and available at leading retail and consumer durables outlets across the country.
|
Posted By: YOGI10
Date Posted: 13/Jan/2007 at 10:27pm
| basantji, you have throw light on Zicom Electronics but what about honeywell in Security systems business? |
Posted By: basant
Date Posted: 13/Jan/2007 at 10:32pm
|
Never saw Honeywell in detail but in Honeywell's case the percentage of sales coming from this segment is not as significant as Zicom. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: BubbleVision
Date Posted: 13/Jan/2007 at 7:05am
|
Zicom has a store comming up in Lord Sinha Road in Kolkata. From there they would provide all kind of security systems. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: nikhil090
Date Posted: 20/Jan/2007 at 11:02am
|
Zicom's quarter 3 results are ok. YOY sales grown by 90%+ while profits grew by @50%..
I think they are incurring higher cost due to opening up of all these retail stores..
http://news.indiamart.com/cgi-local/news-link.pl?url=http%3A%2F%2Fwww%2Ehinduonnet%2Ecom%2Fthehindu%2Fholnus%2F006200701210370%2Ehtm - http://news.indiamart.com/cgi-local/news-link.pl?url=http%3A%2F%2Fwww%2Ehinduonnet%2Ecom%2Fthehindu%2Fholnus%2F006200701210370%2Ehtm
|
Posted By: basant
Date Posted: 21/Jan/2007 at 12:43pm
|
It is also because of increased advertisement spends. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: ramki830
Date Posted: 23/Jan/2007 at 11:00pm
|
Yes. I would infact add that increased ad spend/retail outlet capex spend is the very reason to buy this stock...
Me think that Zicom is a very good way to participate in increased expansion of Indian Tech/Service Sector companies, Malls etc. Every IT Company Facility starts with a Electronic Access System right?
The only concern i would have is for any competitor. That is the one we need to watch. AFA I know, Zicom is the market leader in Ind.
|
Posted By: basant
Date Posted: 23/Jan/2007 at 8:35am
|
I think management bandwidth matters also there is acompany called Micro Tek in the same business if someone knows Vallab Bhanshalli had a stake there. He sold a few last month in block deal but he would still very much be invested in MicroTek. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: nikhil090
Date Posted: 02/Feb/2007 at 11:09pm
| SBI Mutual fund bought 3 L + shares today from open market.. |
Posted By: vivekkumar_in
Date Posted: 20/Feb/2007 at 12:07pm
|
Zicom in limelight after the unfortunate Samjhauta blasts..
http://www.ibnlive.com/videos/33744/acctvthatdetectscriminals.html - http://www.ibnlive.com/videos/33744/acctvthatdetectscriminals.html
------------- Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies. P Lynch |
Posted By: nikhil090
Date Posted: 04/Mar/2007 at 9:10pm
|
Zicom eyes acquisition in China
Mumbai: Electronic security equipment major, Zicom Electronic Security Systems Ltd (Zicom), is likely to seal two overseas acquisitions, one in China and the other in a nearby country, by May-June this year. |
Posted By: Mr. V
Date Posted: 13/Mar/2007 at 8:45pm
|
Looking at acquisitions in the UAE: ZICOM
Zicom has announced its plans of buying stake in an overseas company at USD 5 million. It is also looking at raising up to USD 35 million via an FCCB or GDR issue.
< ="http://202.87.40.52/promos/sponsor_news.js">
The company's Chairman, Manohar Bidaye gives more details about these developments. Excerpts from CNBC-TV18's exclusive interview with Manohar Bidaye: Q: You have invested USD 5 million in this company; could you tell us what it does? For what do you need this USD 35 million, which you have approved, via an FCCB or a GDR issue?A: We are supposed to raise this money for our retail expansion. We launched our retail business in India last year in May, by setting up our own shops for retail and home segments to provide security products for retail and home segment. A part of this money will be utilized for expansion of retail business and the rest will be utilized for meeting the requirements of large projects with the government. Q: What about the acquisitions? A: Yes, we are looking at acquisitions, mainly in the UAE. We have interest in fire and security companies there. Q: When will you finalize these acquisitions? A: These acquisitions will be finalized by the end of this financial year, by March 31, maximum April 15. |
Posted By: BULLSEYE
Date Posted: 30/Apr/2007 at 12:26pm
|
CAN ANY ONE THROW LIGHT ON THE BACKGROUND OF ZICOM S MANAGEMENT WHO R THEY ?WT THEIR EDUCATION BACKGROUND IS?
WHICH BUSINESS GROUP DOES THE COMPANY BELONGS?WHETHER THERE IS ANY PERSON ON WHICH ONE CAN BET ON
|
Posted By: Mr. V
Date Posted: 02/May/2007 at 4:17am
|
HFCL's Maloo may invest in Zicom
Source: TOI http://timesofindia.indiatimes.com/Business/India_Business/HFCLs_Maloo_may_invest_in_Raos_Zicom/articleshow/1986419.cms |
Posted By: basant
Date Posted: 02/May/2007 at 9:43am
|
Maloo is known for wrong things rather then right ones. He also knows how to make the stock price dance and talk but that dance stops and that is the worry. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: Mr. V
Date Posted: 02/May/2007 at 10:05am
That's why I found the TOI headline as a "tounge in cheek" remark. |
Posted By: us121
Date Posted: 03/May/2007 at 9:55pm
|
HFCL's Maloo may invest in Zicom
-------------------------------
Maloo:
he is one more cheater.
this is one of the management worth always being away from even at the cost of loosing opportunity. ------------- ABILITY will get u at d top. CHARACTER will retain u at d top |
Posted By: vivekkumar_in
Date Posted: 20/Jun/2007 at 3:41am
|
Zicom looks interesting to me in the wake of some new
developments 1)
News
that products be sold thru 100 Future group’s outlets 2)
Increasing
stake of a ‘Ruane, Cunniff & Goldfarb INC’(Refer below) from 4.9% to 5.6%
of Zicom shares thru Secondary market on Jun 13 3)
Allotment
of 5 lakh shares (approx 5% shares) to Bennett, Coleman & Co. Ltd on Jun 11
at Rs200 per share (market value Rs230 as on Jun 11) on Jun 11 (Hmm.. don't know what BCCL can bring to Zicom ? - Ads at reduced rates in TOI & Mirchi heh Company Snapshot CMP : Rs 230 9 (The stock has gone up in recent 2-3 weeks by 30% or so..) 07 EPS: 8.42 Trailing PE : 27 08 Forward PE : 19 Mcap : 226 Cr Sales : 154 Cr PBITDA 16.8 Cr PAT : 7.7 cr What holds ahead? Company is a leader and holds
30% market share of the electronic
home/business security market. The market size if 300-400 Cr now. Electronic
security market is estimated to be 1500-2000 Cr by 2010. With booming apartments,
nuclear families & retail chains opening up this is a very good pick axe
theme for it. Burglar alarms & B&W
Video door surveillance (the one you see on the TV ads) for homes range from affordable
Rs7000-Rs9000 to Color surveillance Rs.17,000.
When I analyzed Zicom story
earlier, it had the need & price part of it well captured, but was
wondering how they can reach the masses. They started by plan to open their own
retail pieces, which did not look that promising,. With the recent deal with
PRIL & recent ads on TVs etc it looks much more promising. All in all it is not merely
the story the company has been performing : Sales CAGR of past 5 yrs :
48% EPS CAGR for past 5 yrs : 30% Other names that hold Zicom
include some FIIs (15%) , MFs & Insurances - Arisaig Partners Asia Pte
Ltd – 8.1% - Taib Securities Mauritius Ltd – 1.65% -Deutsche Securities
Mauritius Ltd - 2.17% -Deutsche Bank AG - Goldman Sachs
Investments Mauritus -General Insurance Corporation of -Carlson Fund Equity
Asian Small Cap – 2.95% -SBI Mutual Fund A/c Magnum Global Fund –
6.14% Some concerns: 1)They keep diluting equity
almost very year by 5% or so.. Don’t know if this is very high or acceptable.
(That is why I have taken the EPS growth rather than the net profit growth for
analysis) 2)
ROE
is low at 14-15 % 3)
Debt
to Equity ratio is at 0.92 from 2004’s
0.1 4)
Some investment groups like - Fastflow Consultants
Pvt Ltd, Baronet Properties & Investments Pvt Ltd , Coronet Properties
& Investments Pvt Ltd have sold near to 4% share holdings in last month
alone. I see that from the Insider trading. Don’t know the credibility of these
companies.. Any body with any ideas if we should pay weightage to that? And Last here is what I found
on ‘Ruane, Cunniff & Goldfarb INC’ Ruane, Cunniff &
Goldfarb is the investment firm
founded in 1969 by http://en.wikipedia.org/wiki/William_J._Ruane - William J. Ruane and http://en.wikipedia.org/w/index.php?title=Richard_T._Cunniff&action=edit - Richard T. Cunniff . The firm manages its
trademark http://en.wikipedia.org/w/index.php?title=Sequoia_Fund&action=edit - Sequoia Fund , which has one of the best long-term
performance records on Wall Street. The firm manages over $14 billion in
assets. Ruane, Cunniff & Goldfarb
is perhaps best known as the investment advisor and distributor of Sequoia Fund
(SEQUX). From the fund's inception in 1970 through June 2006, its average
annual total return has been 15.68%. The fund has been closed to new investment
since 1982. As of March 31, 2006, the
fund's net assets were roughly $3.6 billion. The fund's largest holding is http://en.wikipedia.org/wiki/Berkshire_Hathaway - ------------- Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies. P Lynch |
)Posted By: basant
Date Posted: 20/Jun/2007 at 9:23am
|
ANy international comparisions for this business model? ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: vivekkumar_in
Date Posted: 20/Jun/2007 at 10:25am
I wil have to look up for equivalents of Zicom. There are many players in US. Will find some comparable listed players. About in-house kiosks at retail outlets.. I have seen Starbucks & Wells Fargo bank kiosks in Vons/Safeway Chain. McDs, Money Transfer & some bank in Walmart, Verizon Kiosks in Costco.. Will have to get more details on the model they operate in. Any idea how to find out that info ? ------------- Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies. P Lynch |
Posted By: vivekkumar_in
Date Posted: 21/Jun/2007 at 11:31pm
Basantji, There are companies like ADP, Brinks Securities doing Home security, survillence, commercial security, CCTV etc.. Brinks Home Security is a part of Brinks Company inc. Not able to get much information on this. But this is what the Home Security division made in 2006 2006 revenue : $439 M Op profit : $100 M Op profit Margin : 22.8% They have been growing in low double digits & higher single digits for past 5 yrs. We won't be able to compare the penetration of home security systems between US & India. Need to make a reality check for India. Have you seen any new apartments coming up with such security systems? Any general need for it arising in the public ? Of the TEDdies how many of you already have or intend to purchase a home security system ? ------------- Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies. P Lynch |
Posted By: basant
Date Posted: 21/Jun/2007 at 9:09am
|
I had personally thought of purchasing and when I got a quote for about 15k I went a bit slow on it. The porblem is that like me most people would put it up the moment there is a burglary in the neighbourhood/own house etc. But business and commercial establishments are installing such gadgets for sure. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: vivekkumar_in
Date Posted: 22/Jun/2007 at 12:11pm
|
Basantji, I am trying to get the importance of RoCE. It is only 14% for this company. Also its Operating profit margin is 16%. But it is able to give a EPS growth of 30%. I know RoCE of 14% is bad. But how bad is it ? Is there a yardstick ? This company is not in a capital intensive business , So should we expect a higher RoCe if it is managed well ? ------------- Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies. P Lynch |
Posted By: basant
Date Posted: 22/Jun/2007 at 12:33pm
|
Normally irrespective of the whether a company is in capex biz model or not ROCE should be more then 18% but maybe this company could have underutilized assets where ramp up has not happened or taken some advertisment expenditure so we could make a one time allowance.; ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: market_geek
Date Posted: 02/Jul/2007 at 8:01pm
|
Zicom Electronic Security Systems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 02, 2007, has considered and approved purchase of 100% shareholding in Zicom Global Security Pvt Ltd ("Zicom Global"), whose name will be suitably charged to reflect the business of Consumer Service (Retail) Group of the Company. The Board of Directors has also considered and approved the Scheme of Arrangement ('Scheme') pursuant to section 391 to 394 and other applicable provisions of the Companies Act, 1956 for transfer of its Consumer Service (Retail) Group Business to the said subsidiary on a going concern basis. Salient features of the Scheme as under: - The Appointed Date for the Scheme is April 01, 2007. - The Company would transfer its business related to Consumer Service Group to its subsidiary for cash consideration. - After completion of necessary formalities related to transfer of business of Consumer Service Group of the Company, the Zicom Global would continue to remain 100% subsidiary of the Company and its result would be consolidated along with the Company's results. - The Scheme is subject to all requisite consents, approvals of the requisite majority of the shareholders, the Hon'ble High Court of Judicature at Bombay, concerned Stock Exchanges, the permission or approval of any other statutory or regulatory authorities, which by law may be necessary for the implementation of the Scheme. Further the Company has informed that, the Board has appointed KPMG India Pvt Ltd, to advice the Company on the above transaction. |
Posted By: kstreet
Date Posted: 03/Jun/2008 at 11:17pm
|
But promoters stake has decreased in last 5 years?
A big cause of worry.
Promotors stake has been fluctuating.
Could they be trusted?
Someone please help me on this...
|
Posted By: abhishekbasu
Date Posted: 05/Oct/2008 at 8:10pm
|
The results are very patchy for Zicom. Any information on why the profits are reducing even when the topline is increasing? {EPS 07=8.14 Sales = 154.58 EPS 08=6.33 Sales=164.52} ------------- |
Posted By: bharti
Date Posted: 09/Jul/2009 at 8:55pm
| any ideas on this company? |
Posted By: mack
Date Posted: 18/Aug/2009 at 11:35pm
| Anyone has any idea about this company these days ? |
Posted By: mack
Date Posted: 18/Aug/2009 at 11:38pm
|
ADMINS, PLS NOTE THIS TECHNICAL ISSUE: Whenever I post, I get a server error page. But coming back, the post is published. Is it only me facing this issue ? |
Posted By: genieinvestor
Date Posted: 20/Nov/2009 at 4:05pm
|
Since Peter Lynch's principle "Buy what you see" seems to be popular on this forum. I would like to point out one observation.
I am based out of Bangalore. I chanced upon the name of Zicom on one of the traffic signals where they provide security solution. And from then on I have been observing Zicom solution in lot many places like Office complexes, residential and Traffic signals. I don't want to restrict my purview only to Bangalore. So it would be helpful if people could share their observations from other cities too. |
Posted By: prabhakarkudva
Date Posted: 20/Nov/2009 at 4:09pm
You must be using mozilla.Use IE and the error wont occur. ------------- Take your chances and keep them in a box until a quieter time. |
Posted By: vijaygawde
Date Posted: 20/Nov/2009 at 5:20pm
|
The promoter of Zicom was also co-promoter of erstwhile Global Tele Systems. I know this promoter personally, though my opinion may be biased. I would not invest in this stock since I have bad memories of Global Tele Systems embossed.
------------- Diversification is protection against ignorance, it makes little sense for those who know what they’re doing. |
Posted By: vijaygawde
Date Posted: 05/Mar/2010 at 9:07am
http://news.google.co.in/news/url?sa=t&ct2=in%2F0_0_s_4_0_t&ct3=MAA4AEgEUABqAmlu&usg=AFQjCNG0QTaUybr7LixvccdYiIDFypT3gQ&cid=3041067637943733684&ei=d8-RS7jsN8KpkAXm7OyzAg&rt=SEARCH&vm=STANDARD&url=http%3A%2F%2Fwww.rttnews.com%2FArticleView.aspx%3FId%3D1231243%26SMap%3D1 - Zicom Sells Electronic Security System Biz------------- Diversification is protection against ignorance, it makes little sense for those who know what they’re doing. |
Posted By: bapughandat
Date Posted: 26/Jun/2010 at 12:24pm
| now some one want invest is good thing??????? |
Posted By: rinkumalpani
Date Posted: 19/Aug/2010 at 12:10pm
| Basantji,.zicom electronics..seems to have its niche but could not quite make of the results...would like to have ur views about it..do you think its a scrip worth keeping an eye on.. |
Posted By: basant
Date Posted: 19/Aug/2010 at 5:39am
|
Don't Iike the business - Technologically commoditized. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: xiaozhengm
Date Posted: 02/Aug/2017 at 10:31am
20170803 junda
------------- xiaozhengm |
Posted By: xiaozhengm
Date Posted: 17/Nov/2017 at 2:09pm
2017.11.17chenlixianghttp://www.nike-mercurial.org/ - soccer shoeshttp://www.replica--watches.com/ - watches for menhttp://www.nike--airmax.co.uk/ - nike airhttp://www.marcjacobs-handbags.in.net/ - marc by marc jacobshttp://www.swarovski-jewelry.mex.com/ - swarovski ukhttp://www.canada-goosejackets.net.co/ - canada goosehttp://www.raybansunglassesnew.us.com/ - ray banhttp://www.reebok-shoes.mex.com/ - reebok outlethttp://www.jimmy-choo-shoes.in.net/ - jimmy choo shoeshttp://www.occhiali-oakley.it/ - occhiali oakleyhttp://www.mulberryhandbagsoutlet.org.uk/ - mulberry****http://www.louboutinshoes.org.uk/ - christian louboutinhttp://www.air-max-2017.net/ - air maxhttp://www.guessfactorycanada.ca/ - guess canadahttp://www.christian--louboutin.net/ - christian louboutinhttp://www.ferragamo.org.uk/ - salvatore ferragamohttp://www.insanityworkout.co.uk/ - insanity workouthttp://www.louboutin-pas-cher.fr/ - louboutin pas cherhttp://www.nikeair-max.net/ - air maxhttp://www.parajumpersoutlet.us.com/ - parajumpers Outlethttp://www.beats-by-dre.co.uk/ - beats by drehttp://www.pandorajewelrys.us.com/ - pandora charmshttp://www.moncleroutlet.es/ - monclerhttp://www.cheapuggboots.in.net/ - uggs outlethttp://www.dansko-shoes.org/ - dansko outlethttp://www.wedding--dresses.net/ - prom dresseshttp://www.fitflop.me.uk/ - fitflopshttp://www.cheap-eyeglasses.in.net/ - eyeglasseshttp://www.tommyhilfigeroutlet.net/ - hilfiger outlethttp://www.doudoune-monclerpascher.fr/ - doudoune monclerhttp://www.instylerionicstyler.us.com/ - instylerhttp://www.reebok-outlet.in.net/ - reebok outlethttp://www.swarovskijewelleryuk.co.uk/ - swarovskihttp://www.pandora-bracciali.it/ - pandora braccialihttp://www.oakleysunglassesfree.us.com/ - oakley vaulthttp://www.sac-michaelkors-pascher.fr/ - michael korshttp://www.nike-air-huarache.co.uk/ - nike huarachehttp://www.truereligionoutlets.in.net/ - true religionhttp://www.bcbgmax.in.net/ - bcbg max azriahttp://www.timberland.org.uk/ - timberland bootshttp://www.burberryoutlet-store.us.com/ - burberry outlethttp://www.longchamphandbagsoutlet.us/ - longchamp outlethttp://www.pascherugg.fr/ - ugg pas cherhttp://www.giuseppezanotti-outlet.us.com/ - giuseppe zanotti outlethttp://www.michaelkorsoutlet.in.net/ - michael kors outlethttp://www.michaelkors--canada.ca/ - michael korshttp://www.pandorauk.co.uk/ - pandora ukhttp://www.toryburch-outlet.net/ - roty burch outlethttp://www.michaelkors-outlet-canada.ca/ - michael kors canadahttp://www.truereligion.in.net/ - true religion outlethttp://www.lunetteraybanpascher.fr/ - raybanhttp://www.nikefree-5.com/ - free runninghttp://www.uggs-outletboots.in.net/ - uggs outlethttp://www.new-balanceoutlet.net/ - balance shoeshttp://www.airmax-90.co.uk/ - air max 90http://www.sac-burberry-pascher.fr/ - burberryhttp://www.basketball--shoes.net/ - cheap basketball shoeshttp://www.****factory-outletonline.in.net/ - **** outlethttp://www.mac-makeup.com/ - mac makeuphttp://www.poloralphlaurenoutletsale.us.com/ - ralph lauren outlethttp://www.cheapnfl-jerseysshop.us.com/ - cheap jerseyshttp://www.pandora-jewelry.us.com/ - pandora charmshttp://www.outlet-nike.us/ - nike factory outlethttp://www.ralph--lauren.fr/ - polo ralph laurenhttp://www.michaelkorsoutletweb.us.com/ - michael kors outlet onlinehttp://www.sac-longchamp-pas-cher.fr/ - longchamphttp://www.cartierlovebracelet.us/ - cartier bracelethttp://www.nikefree-run.co.uk/ - free runninghttp://www.timberlandbootsuk.me.uk/ - timberlandhttp://www.juicycoutureoutlets.us/ - juicy couturehttp://www.cheap-uggs.in.net/ - ugg bootshttp://www.roshe--run.com/ - nike roshehttp://www.****outletstoreonline.jp.net/ - **** outlethttp://www.sunglasses-raybans.us.com/ - ray ban sunglasseshttp://www.saclongchampspascher.fr/ - sac longchamphttp://www.uggs-outlet.in.net/ - ugg boots on salehttp://www.montrespas-cher.fr/ - montre pas cherhttp://www.timberland--boots.com/ - timberland shoeshttp://www.adidasshoesoutlet.com/ - adidas outlethttp://www.nikerosherun.net/ - nike roshe runhttp://www.rolex--replica.us/ - rolex watcheshttp://www.michael-jordan.it/ - michael jordanhttp://www.mont-blanc-pens.mex.com/ - mont blanc penshttp://www.uggaustraliaboots.org.uk/ - ugg bootshttp://www.ralphlauren-outlet.co.uk/ - ralph laurenhttp://www.tods-shoes.org/ - tod'shttp://www.tommy--hilfiger.fr/ - tommy hilfiger pas cherhttp://www.rayban--sunglasses.org.uk/ - ray banhttp://www.officialmichaelkorshandbags.us.com/ - michael kors outlethttp://www.the-north-faceoutlet.us.com/ - the north facehttp://www.nike--huarache.fr/ - nike huarachehttp://www.rolex--watches.co.uk/ - replica watcheshttp://www.lebron-11.net/ - james shoeshttp://www.christian-louboutin-shoes.in.net/ - christian louboutin shoeshttp://www.moncler--outlet.it/ - moncler outlethttp://www.hollister--canada.ca/ - hollister canadahttp://www.toryburch-outletsonline.us.com/ - tory burchhttp://www.katespadeoutlet-onlinestore.us/ - kates pade outlet onlinehttp://www.nike-airmax.nl/ - nike air maxhttp://www.rayban--occhiali.it/ - rayban2017.11.17chenlixiang------------- xiaozhengm |
Posted By: xiaozhengm
Date Posted: 11/Jan/2018 at 1:48pm
20180111 junda
------------- xiaozhengm |
Posted By: ninest123
Date Posted: 21/Mar/2018 at 7:09am
2018.3.22chenlixianghttp://www.sacvanessa-bruno.fr/ - sac vanessa brunohttp://www.poloralphlaurenitalia.it/ - polo ralph laurenhttp://www.niketnrequinpascher.fr/ - tn pas cherhttp://www.newbalancepascher.fr/ - new balance soldeshttp://www.christian--louboutin.it/ - christian louboutinhttp://www.uggaustraliaboots.org.uk/ - ugg bootshttp://www.poloralphlaurenoutletsale.us.com/ - ralph lauren outlethttp://www.jimmy-choo-shoes.in.net/ - jimmy choo shoeshttp://www.hermes-birkinbags.in.net/ - hermes birkinhttp://www.poloralph-lauren-outlet.in.net/ - polo ralph laurenhttp://www.nike.us.org/ - nike outlethttp://www.germanyworldcupjersey.com/ - germany world cup jerseyhttp://www.michaeljordan.fr/ - michael jordanhttp://www.bcbgmax.in.net/ - bcbg max azriahttp://www.guessfactorycanada.ca/ - guess canadahttp://www.salvatoreferragamo.us.org/ - ferragamohttp://www.saclongchamp-pascher.fr/ - longchamphttp://www.jordans.com.es/ - jordanhttp://www.softballbats.us.com/ - softball batshttp://www.miumiushoes.us.com/ - miu miu shoeshttp://www.michael--kors.fr/ - sac michael korshttp://www.nikestore.us.org/ - nike outlet storehttp://www.sunglasses-raybans.us.com/ - ray ban sunglasseshttp://www.hermesoutlets.us.org/ - birkin baghttp://www.nike-freerun.com/ - nike free runhttp://www.truereligion.in.net/ - true religion outlethttp://www.kobe9shoes.net/ - kobe 9 elitehttp://www.jordansretro.in.net/ - jordanshttp://www.salomonshoes-outlet.com/ - salomon bootshttp://www.nike-free-run.co.uk/ - free runninghttp://www.outlet-canada-goose.us.com/ - canada goose outlethttp://www.airmax-90.co.uk/ - air max 90http://www.air-max-2017.net/ - air maxhttp://www.montrespas-cher.fr/ - montre pas cherhttp://www.fendi.in.net/ - fendi****http://www.newbalance-trainers.org.uk/ - new balancehttp://www.englandworldcupsoccerjersey.com/ - england world cup jerseyhttp://www.adidas--superstar.fr/ - adidas superstarhttp://www.canada-goosejackets.ca/ - canada goosehttp://www.adidasoutletstore.us/ - adidas outlet storehttp://www.moncler.co.nl/ - monclerhttp://www.montre-femme-homme.fr/ - montreshttp://www.nikefree-run.co.uk/ - free runninghttp://www.herveleger.us/ - herve leger dresseshttp://www.conversechucktaylor.us/ - converse chuck taylorhttp://www.mont-blanc-pens.mex.com/ - mont blanc penshttp://www.mizunorunning-shoes.com/ - mizunohttp://www.bottesuggsoldes.fr/ - ugghttp://www.thenorthfacesoldes.fr/ - the north facehttp://www.jordan1.us.com/ - jordan 1http://www.lebronjames-shoes.com/ - lebron shoeshttp://www.canadagoosejacketoutlet.us.com/ - canada goose outlethttp://www.airjordanpaschere.fr/ - jordan pas cherhttp://www.hermes.org.uk/ - hermeshttp://www.ugg-australia.co.uk/ - ugghttp://www.iphone7cases.in.net/ - iphone 7 caseshttp://www.vapormaxnike.us.com/ - nike vapor maxhttp://www.christian--louboutin.org.uk/ - christian louboutinhttp://www.michael-jordan.it/ - michael jordanhttp://www.fitflopsale.net/ - flip flopshttp://www.new-balanceoutlet.net/ - balance shoeshttp://www.tommy--hilfiger.fr/ - tommy hilfiger pas cherhttp://www.uggaustralia-pascher.fr/ - ugg australiahttp://www.truereligionoutlets.in.net/ - true religionhttp://www.balenciaga-shoes.us.com/ - balenciaga sneakershttp://www.pandora--charms.in.net/ - pandora jewelryhttp://www.nikeblazerpaschere.fr/ - nike blazerhttp://www.ghd-hairstraighteners.me.uk/ - ghd hair straightenershttp://www.nikeblazer.in.net/ - nike blazerhttp://www.nikeairforceone.fr/ - air forcehttp://www.airmax.in.net/ - air maxhttp://www.tommy-hilfiger.org.uk/ - hilfiger ukhttp://www.nike--huarache.fr/ - nike huarachehttp://www.adidasslides.in.net/ - adidas slideshttp://www.longchampsacpascher.fr/ - longchamp pas cherhttp://www.burberryoutletonline.org/ - burberry outlethttp://www.cheapweddingdresses.org.uk/ - cheap wedding dresseshttp://www.adidas-trainersuk.co.uk/ - adidas trainers ukhttp://www.basketball--shoes.net/ - cheap basketball shoeshttp://www.oakleysunglassescheap90off.us.com/ - cheap oakley sunglasseshttp://www.ralphlauren--outlet.co.uk/ - ralph lauren ukhttp://www.raybansunglassesrb.us.com/ - ray banhttp://www.nike-rosherun.fr/ - nike roshe runhttp://www.barbour.us.org/ - barbour jacketshttp://www.tory--burch.org/ - roty burch****http://www.nikeairmaxtrainers.org.uk/ - nike air maxhttp://www.kevindurant-shoes.net/ - kevin durant shoes 2017http://www.doudounemonclerenfant.fr/ - doudoune monclerhttp://www.nike--store.fr/ - nike pas cherhttp://www.katespadeoutlet-onlinestore.us/ - kates pade outlet onlinehttp://www.uggs--outlet.net/ - ugg outlethttp://www.canada-goosejackets.net.co/ - canada goosehttp://www.converseshoes.org.uk/ - conversehttp://www.mulberryhandbagsoutlet.org.uk/ - mulberry****http://www.belgiumworldcupjerseys.com/ - belgium world cup jerseyshttp://www.nikefree-5.com/ - free runninghttp://www.baseball-bats.us/ - softball batshttp://www.dansko.in.net/ - dansko shoeshttp://www.oakleysunglassesweb.us.com/ - oakley sunglasseshttp://www.airmax97.in.net/ - nike air max 972018.3.22chenlixiang6+36666d |