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GOOD FOR ACCUMULATION
Posted by :
comatose
CB, if you are making something for one Rupee and someone is paying you two to just burn it, would you like to talk about it ? The silence on CER`s should be understood, not talked about. Anyway, this bonanza ends in 2014.
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SRF Ready for take-off
Posted by :
smilehitSRF is on the verge of break-out, regards...
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Posted by : Cool BullThe way the company is performing, paying liberal Dividends, I feel like agreeing with Comatose. However, there appears to be some communication gap, which gives scope for doubts. One of them is not disclosing the contribution of carbon credits in quarterly profits. Second,instead of adopting out right share holder friendly policies such as declaring bonus, the company keeps on announcing buy backs. While buy back helps to protect share value, it also helps promoters to raise their stake in the company. Hence for being considered at par with Tatas, SRF promoters have to do things differently. Anyway, I agree with Comatose that the promoters are honest and they have not cheated any one....
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Posted by : karshinthanks I am one of them...
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Posted by : comatose
Amkan, I don`t know what is your background with regard to corporate India, but you should know that the DCM group has given a large number of topmost leaders to Indian industry, including retired and currently serving CEO`s of some of India`s largest companies. So many of them started at DCM, and even today can proudly claim that the DCM group always operated with 100% integrity and ethics. It is another matter that the empire slowly crumbled and many businesses gradually went into losses and some even folded up, but nobody could ever claim that they were not honest or that they cheated anyone. There were many problems when they sold their land in Delhi, mainly related to getting permissions, but eventually it got sorted out and everybody got their plots. By the time they got the plots, the prices had moved up many times and everybody gained. In SRF itself, you can see that they don`t play the market game at all, and are least bothered where the share price goes. Their main interest is running the business well, giving dividends, and whenever possible, go for buybacks. Everything is done transparently. From 2003 till now, the share price has gone from Rs. 18/- to 200/- and shareholders have received excellent dividends too.
If I have to rate SRF promoters with regard to ethics and corporate governance,I would rate them at par with the Tata group.
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SRF Consolidating
Posted by : Cool BullFinally SRF took small jump and closed at Rs.198-40. Hope tommorrow it crosses Rs.225/-....
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Posted by : a2k2bugsame is case with rolta...
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Posted by :
amkanThats what we are doing,But Those who got trapped in Vikas Wsp 9 years back know what it is Best company which seemd fundamentaly got delisted Promoters were fraud.However Mind Understands that SRF no way near vikas Mgmt.However recently a month a analyst met me from top Venture fund He was telling SRF promoters are fraud and so when i told him that SRF is my top buy I dont know why SRF is badnaam in the analyst community I think it has something to do with earlier Promoter shareholding problms if u all know or not earlier DCM ltd was promoter of srf In their family partition SRF went to Arun Bharat Ram But due to financial problms in DCM ltd promoters had to sell their equity and it came under very small holding From then Arun Bharat Ram has increased holding to 45%+ now.While doing so i think not the best investor friendly policies have been followed like the recent acq of SRF polymers loss making biz for 150 cr.Somehow now the Loans on personal level are under control as we can see in No af shares redeemed from Pledged.Now We can expect better Corporate governance from MGmt.However to please aNalyst will take time.Hope things happen fast....
SRF Consolidating
Posted by :
Dharmender1976
You are absolutely right! I was doing some analysis of last few quarters, and got some important insight. I`ll share them with you all as soon as I am done.
Guess it has more to do with inconsistent result, not just of the company but different segments it is in to, flat revenue this quarter (btw QoQ, revenue marginally up by 5% and profit was down almost 26%), management credibility etc. FYI, i do hold shares in SRF since 2006 and have been betting greatly on it since then. I am sure the upcoming expansion plans will improve its top-line and bottom-line in the coming years and reward the patient share-holders....
GOOD FOR ACCUMULATION
Posted by : kalpataru70if price is not increasing it is good time to purchase,so keep on buying below 190/- level even below 200/- levels...
SRF Consolidating
Posted by : Raj3313
Few days/months will prove this...no worries since since we know what its all about. enjoy the REAL gain.
Regards....
SRF Consolidating
Posted by : comatose
No need to worry about the janata, amkan.
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SRF Consolidating
Posted by : amkanAmazing to see that although Ex dividend just a day after still investors not in a hurry to buy SRF.At current price Srf SRF cum dividend 7 rs.so available at around 183/-,i.e at a PE of 3.5 .Kabhi Kabhi lagta hain Kya Log Pagal Hain jo buy nahi kar rahe ya Hum Pagal hain jinhe kuch malum nahi aur buy kiye jaa rahe hai.Its really amazing.P E i calculated was plain CEPs is much lower and consolidated CEPS much much lower....
No Analyst Recommendations!
Posted by : Dharmender1976True!!! Seems like these trading house and analyst would recommend SRF only after it has risen substantially so that they can dump it on the greedy retail investor!!! ...
playing with srf price
Posted by : kalpataru70whoop!!!!well done to control the price of srf...
