Lincoln Pharma
November 18, 2014
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November 20, 2014

Update – Country Club – Board Meeting Outcome


Hello stockholders..! Few days back Country Club was suggested a buy(@20.50)
today touched 22.90. The awaited board meeting held on 17 Nov, 2014.

Country Club India Ltd has informed BSE that
the Board of Directors of the Company at its meeting held on November
17, 2014, inter alia, has transacted the following :

1. The Company is targeting a growth of 30% on consolidated year end earnings.

2. Focus on reducing debt by 30-35% either through Sale / JV of non-core assets or any other means available to the Company.

3.
Updated on the completion of large part regular capital expenditure and
no more major cash outflow for capital expenditure for the next 2
years.

So company is very confident for growth and serious for cashflow for reducing debt.
It is advisable to hold.
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