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Contrarian Play !
Posted by :
tashkoolbossvery informative article. Heidelberg is a sure shot hidden gem. Buy on dips or even at current rate and accumulate....
Contrarian Play !
Posted by : sanecounsel
Despite talk of impending overcapacity in the cement sector , Heidelberg deserves attention as perhaps the right time to look at such "FERA " companies is when there is alround pessimism towards a sector .
Market cap of 500 crore ( 836 crore less 337 crore cash ) which can be covered in 3 years PAT .Capacity going up from to 4.7 mtpa .
At 75$ per tonne the replacement cost is 1750 + crore at 4.7 mtpa capacity which means Rs.77 per share .
a) Management pedigree : Top 3 in the world - German Mnc .They hold 69% and I expect they would want to delist . If indeed they wish to delist the earlier they attempt to do so the better for them . This is one trigger.
b) Accounting year is Jan to Dec . For year 2009 expect eps of over 8. whereas Industry pe is above 8 whereas a mid cap mnc cement stock that has just announced intention to double capacity by 100% deserves a higher pe in my view and definitely not sub 5 pe .
c) Expect dividend to be declared for this year - Jan-Dec 2009 period as the company would have wiped off all accumulated debts .If they declare a dividend of Rs.2 per 10 Re Share the yield at current prices would be 5% tax free ! Rerating would also happen .
d) Book value expected to cross Rs.30 by Dec 2009 - Cash per share expected to be near Rs.15 levels .
e) Heidelberg can also be a surprise aggresor in the consolidation of the cement sector .
f) Zero debt company - Clean financials,ROE of 26,Revenues of 953 Crores,EV/Tonne is 46,EV/EBIDTA is 4.2, Great debtor days and also capacity utilisation position.Good markets essentially the lucrative central indian belt . Smart management including ex Ambit`s Ashish Guha and 3 distinguished germans on the board - all career heidelbergers - Dr.Bernd Scheifele,Dr Lorenz Nager and Dr Albert Scheuer.
Globally Richard Perry the reclusive but successful hedge fund manager recently recommended Heidelberg with the brief comment " The price of rock has never gone down " .
My view is to consider buying at these levels for substantial appreciation to the believer . This company offers not just a sector play but also a play on a huge ( and efficiently silent ) turnaround story , an open offer / delisting play and a dividend rerating play . My short term target is 90 levels by budget time 2010 - Over a 2 year period this can be a ten bagger ie 400 levels is my view.Lets see how this one shapes up ....
Thalle Thalle
Posted by : tashkoolbossI agree, not a bad stock though if you look at its fundamentals and PE of less than 5....
Heading
Posted by :
sudhirdoshithis is good fera share full years eps will be around 7 rs.right ...
Thalle Thalle
Posted by : NilsaniWhere is balle balle...ethey to only thalle thalle today (again)... m sick of seeing this stock either downside or making sideways movement.......
BALLE BALLE
Posted by : NilsaniWhat is the basis of this price target of 75 to 80? Can you please explain? The volume has shown some upside movement, which is good...lets see where it can take the price......
BALLE BALLE
Posted by :
300567TARGET IS RS 75-80. BUY BUY...
company`s book value and performance attractive
Posted by : rameshdesikan
Third qtr results are very good.
D.Ramesh...
Heidelberg cement short term tgt 55 ,, 1 Yr tgt 100.
Posted by : blazing sunHeidelberg Cement India has increased its EPS by 2.6 times, the company is likely to report an EPS of Rs 9 per share which is an exceptional turn around for MYSORE Cements, accumulate at 35-45 levels for a short term target of rs 55-60... if going long see it touching 100 after dec 2010....
NSE Announcements on HeidelbergCemen
Posted by : MMB MessengerHeidelbergcement India Limited has informed the Exchange that the Board of Directors at its meeting held on October 29, 2009 has inter alia approved the setting up of expansion project at its plants at Damoh (Madhya Pradesh) and at Jhansi (Uttar Pradesh) to increase cement production capacity from existing from 1.8 MTPA to 4.7 MTPA....
Accumulate on every decline
Posted by : urfoolit`s time to buy technically.. Worst is 32...
HEIDELBERG CEMENT Q3 Numbers Out
Posted by : InformedInvestrCan`t compare YOY because of indorama acquisition...
HEIDELBERG CEMENT Q3 Numbers Out
Posted by : GANESHA1Great numbers and this stock is available at very cheap and attractive price.Hope to see it going up in some time....
HEIDELBERG CEMENT Q3 Numbers Out
Posted by : pms.swastika
HEIDELBERG CEMENT Q3 Numbers Out:
Net Profit at Rs. 27.05 Cr Vs Rs. 10.05 Cr (+169.15%) (YoY)
Net Sales at Rs. 207.69 Cr Vs Rs. 119.12 Cr (+74.35%) (YoY)
Regards
Swastika PMS...
BSE Announcements on HeidelbergCemen
Posted by : MMB Messenger
HeidelbergCement India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 29, 2009, inter alia, has approved the setting up of expansion
project at its plants at Damoh (Madhya Pradesh) and at Jhansi (Uttar Pradesh) to increase cement production capacity from existing from 1.8 MTPA to 4.7 MTPA....
