Pyramid Saimira Theatre on fund raising plan

Pyramid Saimira Theatre rose 3.51% to Rs 224.05 at 10:53 IST on BSE after the company said its board will meet on 30 June 2008 to consider a proposal for raising additional funds.

The stock hit a high of Rs 236.65. It hit a low of Rs 201.05 also a 52 week low for the scrip. The stock had a 52-week high of Rs 551 on 31 December 2007.

The company has an equity capital of Rs 28.28 crore. Face value per share is Rs 10.

The current price of Rs 224.05 discounts its Q3 December 2007 annualised EPS of Rs 42.23, by a PE multiple of 5.3.

Pyramid Saimira Theatre had said on Friday, 20 June 2008, its chairman, P.S. Saminathan, bought 13.7 lakh shares, or about 4.84%, in the company on Friday, 20 June 2008, from Nirmal Kotecha, who belongs to the promoter group. The stock had declined 19.58% at Rs 216.40 on that day.

Pyramid Saimira Theatre’s net profit rose 479.8% to Rs 29.86 crore on 402.5% growth in net sales to Rs 231.42 in Q3 December 2007 over Q3 December 2006.

Pyramid Saimira Theatre is focused on distribution and exhibition of films. Its objective is to have presence in all categories of theatres including malls, multiplexes, cineplexes and standalones across the country in tier I, II and III locations.