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Turnaround and multibagger stock for 2009 & 2010
Posted by :
tejbir1973
Promoters have raised their stake from 44 % to 49% in March quarter.
OIL BUSINESS :Canoro and Assam co are in the process of installing Gas plant, which is likely to start in July 2010. As per Canoro company projection, after installation of gas plant, 5000 BOE oil can be produced on the basis of existing discoveries and rate of realization will be high as compared to current rate. Crude prices are likely to hit $ 90 in next year.
Tea Business : as per brokers, Tea business is in bull run and will continue for next 7 - 10 years.
This is a good price to enter. If you look at the volume of last 15- 20 trading sessions, Stock has potential to go upto 30-32 in next 1 or two months. Medium term target is 50+ and long term (2011) is 100+
If company is able to install gas plant by Mar 2010 ( as per MD recent interview on CNBC), price of this stock will move to at least 75+ by Mar 2010.
I have been tracking this stock since 2007. I know management is not able to come to investor’s expectation. This is a capital intensive sector and if more oil found, then this stock will be a jackpot.
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accumulate assam company
Posted by : Ashu_toshJUST BUY YOUR QUANTITY OF ASSAM COMPANY @ OR AROUND 21 SILENTLY AND FORGET… NO STOP-LOSS, NO TGT… FOR NEXT DIWALI… WE PROMISE, U WILL NOT GET DISHEARTENED… A GREAT STORY, LIKE AXIS IT&T, IN MAKING…...
Insider Trading Disclosure.
Posted by :
The Fool.
Finally, I hear some updates from the management and their future plans. (Check the news)
Even though I am a bit bearish on NIFTY from a technical perspective for the short term. I think its a right time to accumulate this stock.
My short term target (3 months) is Rs 30. And long term Target (1 Year) is Rs 80.
This is due to the oil production which will be rising 4 times from 800 barrels to 3400 barrels of oil per day.
Happy investing!! ...
Turnaround and multibagger stock for 2009 & 2010
Posted by : tejbir1973
2,009
Tea Production 15,000,000
Profit per KG 35
525,000,000
Tea Profit p.a (Cr) 52.5
Oil BOE per day 1000
Share 40%
Assam share BOE per day 400
USD 46
profit per BOE-as
per canoro site 25
460,000
profit per day 0.046
Oil Profit p.a (Cr) 17
Profit
Oil 17
Tea 53
70
Shares 30
EPS 2.31
Current Price 21
P E 9.09
2,010
Tea Production 18,000,000
Profit per KG 40
720,000,000
Tea Profit p.a (Cr) 72
Oil BOE per day 3500
Share 40%
Assam share BOE per day 1400
USD 46
profit per BOE-as
per canoro site 25
1,610,000
profit per day 0.161
Oil Profit p.a (Cr) 59
Profit
Oil 59
Tea 72
131
Shares 30
EPS 4.36
Current Price 21
P E 4.82...
Technical Call on Assam Company.
Posted by :
GuestIf u want to get multifold return, then stop looking for short term gain. It has a long way to go and will easily give 10 fold return going forward in 1-2 years....
Technical Call on Assam Company.
Posted by : The Fool.
I am taking a bearish move on NIFTY. Due to which Assam Company may be hit and may go down.
During such a case, Rs 17 would be a good time to accumulate. If the price closes below 16.85 on any bearish day then things may get bad.
Note: I have just started getting into technical analysis. I am not an expert. Fundamental still suggest us that Assam has lots of potentials, provided the managements starts working on it. ...
splitting oil& Gas, into SEZ
Posted by : macspeedthe interests of company in the oil & gas going to be separated into a new company with more emphasis, thrust investment growth of the oil & gas business being undertaken. also making foray into the SEZ area in related area. as already the world seeing huge shortage of tea production with the prices only going northwards the demand from the india with the major players going to see huge business at very attractive profit prices....
Buy on declines
Posted by : tejbir1973tea and oil will take this share price to 50 . from July 2010 onwards, they will start operating gas plant, which will change oil to gas ratio from 30:70 to 70:30. means more cash flows....
Insider Trading Disclosure.
Posted by : tonyreb
Would be happy with 30/ in a few months.
200/ when i sleep and dream !...
Insider Trading Disclosure.
Posted by : The Fool.
hi icekool,
do you mean this stock will be Rs 200 or Rs 2000 very soon??
Can you please let us know your analysis? what time frame are you talkign about?? ...
Insider Trading Disclosure.
Posted by : icekoolcompany is very good and safe buy and tak 2 zero+ home...
Insider Trading Disclosure.
Posted by : icekoolhaaaaaa i laugh coz one day u will see who was fool and who was smart enjoy with ur fool words ...
Insider Trading Disclosure.
Posted by : GuestAssam company is an excellent company which will turn into a vast company in couple of years. You wont get this script at this low level. Will give exponential and multibag returns...
Insider Trading Disclosure.
Posted by : The Fool.
you can check my other post on Assam company for canoro updates.
you can also try to google for "canoro resources". but click the "news" link instead of cliking teh search button.
i do not have the precise numbers on their debt position but i know its preety high.. about operators.. I am not sure when do they come in and go out.. :)...
