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Ashok Leyland on way to Bankruptcy?
Posted by :
rdadhe
Streetking,
Making capex is actually a bad thing in present situation. Most companies who went in for capacity expansion are in trouble now. AL management is conservative.
I find that there has been revaluation of assets and 1342 Cr added to revaluation reserves in last financial ear. This is interesting.
Is the management looking for sale of assets/ merger-acquisition/taking loan from banks/balancing debt-equity ratio?
The balance sheet shows signs of investment in technology and some acquisitions abroad. The approved loan in US$ is for some more acquisitions.
You bring out some interest to further study the scrip.
Thank you....
Ashok Leyland on way to Bankruptcy?
Posted by :
StreetKing
Hi Vamsikgummadi,
OK. Here is my analysis of Ashok Leyland. The following table tracks its earnings for the past five years: Load it into excel or similar to view better.
Result_Date,Income,Expenditure,Profit,EPS,QtrPrice,PaidUp,Div,QPE
30-06-09,97307.56,96426.76,880.8,0.06,29.9,13303.38,0,124.5825
31-03-09,123122.72,117436.56,5686.16,0.40,18.15,13303.38,100,11.345
31-12-08,101143.19,99033.48,2109.71,0.14,15,13303.38,0,26.785
30-09-08,189489.76,181113.23,8376.53,0.51,26.55,13303.38,0,13.015
30-06-08,189602.87,184329.62,5273.25,0.38,28.55,13303.38,0,18.7825
31-03-08,257361.2,239086.6,18274.6,1.36,35.4,13303.4,150,6.5075
31-12-07,184378.4,172229,12149.4,0.91,52.05,13303.4,0,14.3
30-09-07,175703.4,167404.8,8298.6,0.61,45.55,13303.4,0,18.6675
30-06-07,162869.2,154050.4,8818.8,0.67,37.85,13238.7,0,14.1225
31-03-07,230789.8,213637.9,17151.9,1.32,38.4,13238.7,0,7.2725
31-12-06,178394.2,167868.5,10525.7,0.81,45.55,13233,0,14.0575
30-09-06,170938.3,161402,9536.3,0.74,45.05,13099,0,15.22
30-06-06,143827.3,136805.9,7021.4,0.55,37.4,13099,0,17
31-03-06,175563.7,160257.2,15306.5,1.12,40.3,12215.9,120,8.995
31-12-05,121111.4,114245.5,6865.9,0.46,31.85,11892.9,0,17.31
30-09-05,126781,119135.6,7645.4,0.63,28.4,11892.9,0,11.27
30-06-05,106542.9,100338.1,6204.8,0.54,23.55,11892.9,0,10.9025
Notice the following -
1. During the last full year, the profits have always been lower than corresponding previous year.
2. Margins have been declining
3. EPS is declining
4. Dividend also declined
5. Other income highest when profits at the lowest
6. Other expenses declining meaning no capex or expansions happening
7. Unwarranted price rise during past 2 qtrs despite bad results.
8. Extensively stretched Valuations - PE of 36.17 annualized or 124.6 for the last qtr.
All of the above are definitely not signs of a growing company. Hope this helps.
Thanks for the good wishes and i wish you the same.
Regards.
...
NSE Announcements on Ashok Leyland
Posted by : MMB MessengerAshok Leyland Ltd has submitted to the Exchange a copy of proceedings of the Annual General Meeting held on July 28, 2009 along with a copy of Chairmans Speech. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
Price Manipulation in Ashok
Posted by :
jessywadehraI think so too.. It could be due to QIP issue of Ashok Ley.. otherwise 36 + PE is unjustified and unfair for this stock in these uncertain times for auto industry given the monsoon concerns.....
Ashok Leyland on way to Bankruptcy?
Posted by : vamsikgummadi
Hi Streetking,
See your predictions--how bad they are "I thought you were sensible, but not any more" -- doesn`t you statement appear contradictory to you because it seems that you have thought me to be a sensible but not now--in the same way your predictions might ( I am not saying must be) be wrong.
On 24th Aug you predicted that CIPLA would hit 280 mark but what happened? It hasn`t even croseed 266 if I am right.
What happend to your "Satyam is a dead story"? -- Can`t you see it sustaining in the 90-105 levels? Don`t you see that there are 30+ projects bagged by Satyam and most of the are projects for Govt. of India ?
I agree that you have given some sucessful predictions but there are some unsuccessful predictions to...even I experience that...I thought Reliance Capital would cross 900 mark easily a few days back but I am wrong.
Even I differed with Vikrant on DCB but later he explained the reasons for it with statistical proofs and I had to agree...
Can you explain your reasons with statistics? If you can explain..I have to accept the fact? Any one should accept your views if you can explain.
We write and discuss here about the stocks so that members here would be able to do successful investments or trading...but if you say if you are no longer interested in giving your explanation to the points you have raised then there is no point it raising this issue at all but it`s up to you.
I wish you good luck and I am sorry if I have hurt your feelings in any manner.
Thanks,
Vamsi
...
Ashok Leyland on way to Bankruptcy?
Posted by : vikrant.addressbuy on every dip it will soon going to touch 55 rs....
Ashok Leyland on way to Bankruptcy?
Posted by : StreetKing
Vamsikgummadi,
I thought you were sensible, but not any more. As for my predictions, you can check my messages and the prices of stocks like alok, uflex, maninds and others. I am in no way obliged to offer you an explanation or proof of my belief just like like anybody else on this board. As for Ashok Leyland, it is a failure stock in my opinion and I stick to that opinion. Ashok Leyland down target=10 in less than 2 quarters time....
Ashok Leyland on way to Bankruptcy?
Posted by : vamsikgummadi
Hi Streetking,
What happened to your earlier predictions? Haven`t they gone wrong? What`s the use of giving predictions when they are wrong. First learn how to see the fundamentals of the stock and there after try to give your predictions. Please don`t think the members posting messages here don`t know anything...you can refer to senior members like Vikrant and others messages to know how to predict about the stock. I hope the information below would be helpful to you.
Ashok Leyland Ltd Stock Code: NSE » ASHOKLEY AND BSE » 50047739.00 -0.30 (-0.7%) Details Technicals for 26-08-2009
Open 39.90 Resistance 3 43.7
Last close 39.30 Resistance 2 41.6
Today`s high 39.90 Resistance 1 40.45
Today`s low 38.50 PP (Pivot Point) 38.35
Volume 1,974,365 Support 1 37.2
52-Week high 37.95 Support 2 35.1
52-Week low 12.90 Support 3 33.95
Trade Date 26-08-2009 50 DMA 31.4528
Avg Volume 4,623,130 200 DMA 21.364
...
Ashok Leyland on way to Bankruptcy?
Posted by : StreetKing
Jaykumaran,
Just wait and see the price on close of friday 28 aug...
Ashok Leyland on way to Bankruptcy?
Posted by : Guestbuy target 50+ very soon getting huge order of buses...
Ashok Leyland on way to Bankruptcy?
Posted by :
Jaykumaran
Streetking
Look at the prices after your postings. I think its working otherway round.
...
Ashok Leyland on way to Bankruptcy?
Posted by : StreetKingDont teach me to read the numbers. I`ll invite you to repeat your comments when ashok leyland gasps to hold 25!...
Ashok Leyland on way to Bankruptcy?
Posted by : rulerGr8 performance by Ashok Leyland today, approx. 8 % of intraday growth...
Ashok Leyland on way to Bankruptcy?
Posted by : Jaykumaran
Streetking,
You better be in the street only. What makes you to make such comments of Bancruptcy ?? Please read all numbers carefully. This is a script worth investment rather....
Ashok Leyland on way to Bankruptcy?
Posted by : g ramHow can a company go bankruptcy when their last 5 qtrs shown good gross or cash profit and moderate net profit at the height of the worldwide recession. In a country which faces enormous water and power shortage there is always good need of engines in which AL Ltd is a big player. So dont underestimate their business prospects....
