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Bombay Dyeing and Manufacturing Company
sell target 300
Posted by :
EMCEETracked by: 0 Boarder
Readarticle
True, the brokerage report putting out a target of Rs1100/- came out when the market was on a bullish mode.
And,now, in a bad markt, is it not reasonble to expect atleast 50% of that ie @Rs/550 when the market stablishes and at Rs225/ is it not a safe investement?
And, like oil, is it not reasonable to expect that land, that too a big chunk in a prime locality (the basis of the report was,mainly, the land bank) is something of crtitical resource whose value may not depreciate substantially?
How many listed Companies these days can boast such a low equity of around @40 crores ?
The point is it is a very very safe investement at the present level and the comapny should enjoy a steady cash flow in about 2 years when the developement of the property would have been completed and with very low equity base the share holders will benifit a lot
All the best
emcee ...
In reply to:
sell target 300
Posted by :
readarticle
EMCEE,
I have seen the report earlier also in feb. But this reports were generated when the market was bullish. Notonly BD,there were hundreds of reports which gave higher levels. That doesn`t mean it will go to that levels. So with change in sentiment, the target price also changes. 
sell target 300
Posted by : readarticleTracked by: 0 Boarder
EMCEE,
I have seen the report earlier also in feb. But this reports were generated when the market was bullish. Notonly BD,there were hundreds of reports which gave higher levels. That doesn`t mean it will go to that levels. So with change in sentiment, the target price also changes....
In reply to:
sell target 300
Posted by : readarticle
yes, its an excellent compny. I hold from very higher levels. No option but to avg.
But I recollect one thing that the company was planning to demerge the real estate business into another company. so if they do it as they want to get the best price for themselves, how will it benefit ppl like us who have bought at higher levels?
sell target 300
Posted by : readarticleTracked by: 0 Boarder
yes, its an excellent compny. I hold from very higher levels. No option but to avg.
But I recollect one thing that the company was planning to demerge the real estate business into another company. so if they do it as they want to get the best price for themselves, how will it benefit ppl like us who have bought at higher levels?...
In reply to:
sell target 300
Posted by :
Guest
Hi Sorry EMCEE
I seen this message now....I also feel 200 is good level to buy BD.....if you can hold it......dont buy in FNO.
sell target 300
Posted by : EMCEETracked by: 0 Boarder
For those who see gloom in theie Bombay Dyeing Investement feel relieved to read this:
Reproduced below the views of Rajen Shah, CIO, Angel Broking expressed on CNBC on the 10th:
Quote
On Bombay Dyeing:
Bombay Dyeing owns about 80 acres of property in Bombay, a prime property that is being valued at an enterprise value of about Rs 2,200 crore. So it is a great opportunity you just need to buy these companies, stop listening to all these bearish talks on the markets. Because I have been in the market for the past 20 years and what I have learnt over the past 20 years is that these are the times, when you really need to take good calls and just be patient may be three- six months are going to be little difficult because the markets may not move up at all or may be stagnant.
Unquote:
One Boarder was mentioning that 60 Acres is less:look at the valuation of this land (2400Crores) and for a company with a relatively low Equity Base (3.8 Crore Shares of Rs10/ each) the land valution alone works out works out to Rs 600Plus. And, the company wants to cash out the Residential part of it and the commecial part will be owned by them ensuring a steady cash flow.
So lot to gain:dont feel depressed
emceee
...
In reply to:
sell target 300
Posted by : psgs
60 acres is a very small land bank. thats why the stock is sliding i feel.
sell target 300
Posted by : GuestTracked by: 0 Boarder
Hi Sorry EMCEE
I seen this message now....I also feel 200 is good level to buy BD.....if you can hold it......dont buy in FNO....
In reply to:
sell target 300
Posted by : EMCEE
Dear `guest`
Can U plse share with our boarders as to what is the next support and resistence: most, like me, who bought around Rs500/ must have got stuck: can I buy at these levels ie250/-
sell target 300
Posted by : psgsTracked by: 0 Boarder
60 acres is a very small land bank. thats why the stock is sliding i feel.
...
In reply to:
sell target 300
Posted by : EMCEE
Reproduced below the report of Angel Research Report justifying the target price of Rs1,147/- ,Similiar recomendations has been made by Motilal as well
QUOTE
`Angel Research report has maintained buy rating on Bombay Dyeing with target price of Rs 1,147 in its February 22, 2008 research report."Bombay Dyeing has started shifting its two textile mills out of Mumbai to Ranjangaon and PatalGanga, to restructure and consolidate its manufacturing facilities. This would reduce its operational costs also. The company proposes to exploit the land that would be available at prime locations in Mumbai post the shifting of the textile mills. We have valued the company`s Textile business at 6x FY2010E EV/EBIDTA ,which gives us a value of Rs 64 per share."
"Bombay Dyeing has a huge land bank at prime locations at Worli (20 acres) and Dadar (40 acres) in Mumbai, which is under development. Considering the dearth of prime locations in Mumbai, we believe this land would attract buyers even at premium valuations.At current levels, the stock is trading at a huge discount to our SOTP Target Price of Rs 1,147. In the wake of initiatives taken by the company, both on the Textile and Real Estate fronts, we expect the stock to command better valuations going forward," says Angel Research report
Unquote:
So do not loose hope. The moment buying comes it will climb at the same rate at which it fell. So do not loose the opportunity. Buu the staoch at the earliest
sell target 300
Posted by : googolTracked by: 0 Boarder
2
0901
Thanks emcee for a good post.
Mumbai`s growing status,the scarcity of land there,hence the ever increasing demand,are all PERMANENT
Bearish phase in stock market is TEMPORARY
Rs 200 in cumulative FD at 12% interest would become Rs 621 in the year 2018
Pl keep the above in mind and take a suitable decision.
Good Luck
...
In reply to:
sell target 300
Posted by : EMCEE
Reproduced below the report of Angel Research Report justifying the target price of Rs1,147/- ,Similiar recomendations has been made by Motilal as well
QUOTE
`Angel Research report has maintained buy rating on Bombay Dyeing with target price of Rs 1,147 in its February 22, 2008 research report."Bombay Dyeing has started shifting its two textile mills out of Mumbai to Ranjangaon and PatalGanga, to restructure and consolidate its manufacturing facilities. This would reduce its operational costs also. The company proposes to exploit the land that would be available at prime locations in Mumbai post the shifting of the textile mills. We have valued the company`s Textile business at 6x FY2010E EV/EBIDTA ,which gives us a value of Rs 64 per share."
"Bombay Dyeing has a huge land bank at prime locations at Worli (20 acres) and Dadar (40 acres) in Mumbai, which is under development. Considering the dearth of prime locations in Mumbai, we believe this land would attract buyers even at premium valuations.At current levels, the stock is trading at a huge discount to our SOTP Target Price of Rs 1,147. In the wake of initiatives taken by the company, both on the Textile and Real Estate fronts, we expect the stock to command better valuations going forward," says Angel Research report
Unquote:
So do not loose hope. The moment buying comes it will climb at the same rate at which it fell. So do not loose the opportunity. Buu the staoch at the earliest
sell target 300
Posted by : EMCEETracked by: 0 Boarder
Reproduced below the report of Angel Research Report justifying the target price of Rs1,147/- ,Similiar recomendations has been made by Motilal as well
QUOTE
`Angel Research report has maintained buy rating on Bombay Dyeing with target price of Rs 1,147 in its February 22, 2008 research report."Bombay Dyeing has started shifting its two textile mills out of Mumbai to Ranjangaon and PatalGanga, to restructure and consolidate its manufacturing facilities. This would reduce its operational costs also. The company proposes to exploit the land that would be available at prime locations in Mumbai post the shifting of the textile mills. We have valued the company`s Textile business at 6x FY2010E EV/EBIDTA ,which gives us a value of Rs 64 per share."
"Bombay Dyeing has a huge land bank at prime locations at Worli (20 acres) and Dadar (40 acres) in Mumbai, which is under development. Considering the dearth of prime locations in Mumbai, we believe this land would attract buyers even at premium valuations.At current levels, the stock is trading at a huge discount to our SOTP Target Price of Rs 1,147. In the wake of initiatives taken by the company, both on the Textile and Real Estate fronts, we expect the stock to command better valuations going forward," says Angel Research report
Unquote:
So do not loose hope. The moment buying comes it will climb at the same rate at which it fell. So do not loose the opportunity. Buu the staoch at the earliest
...
In reply to:
sell target 300
Posted by : psgs
first try to find out how many acres of land Bombay dyeing is holding. even i am interested to know their land bank. then lets see whether we can buy or not. can u work with me. i will help u in analysing this stocks true value. i feel we can buy at current levels, but let us first try to value their land bank. can anybody help us in knowing howmuch land bank this company holds?
swamy.
bombay dyeing
Posted by : raman1280Tracked by: 0 Boarder
bombay dyeing has a huge land bank as the analysts report.and moreover many big fund houses are holding the stock.iciciprudential,reliance,mirae asset,clsa etc are holding it for long term.some value is there at these levels....
sell target 300
Posted by : psgsTracked by: 0 Boarder
first try to find out how many acres of land Bombay dyeing is holding. even i am interested to know their land bank. then lets see whether we can buy or not. can u work with me. i will help u in analysing this stocks true value. i feel we can buy at current levels, but let us first try to value their land bank. can anybody help us in knowing howmuch land bank this company holds?
swamy.
...
In reply to:
sell target 300
Posted by : EMCEE
Dear `guest`
Can U plse share with our boarders as to what is the next support and resistence: most, like me, who bought around Rs500/ must have got stuck: can I buy at these levels ie250/-
sell target 300
Posted by : EMCEETracked by: 0 Boarder
Dear `guest`
Can U plse share with our boarders as to what is the next support and resistence: most, like me, who bought around Rs500/ must have got stuck: can I buy at these levels ie250/-...
In reply to:
sell target 300
Posted by : Guest
target achieved.......enjoy
sell target 300
Posted by : GuestTracked by: 0 Boarder
target achieved.......enjoy...
In reply to:
sell target 300
Posted by : Guest
I told you..........even sell it tomm........target is achieveable soon.....cheers
Where`s the bottom?
Posted by : PUNTERTracked by: 0 Boarder
Where`s the bottom in this counter? I need to average it. Is it safe to buy at 300 level ?...
It's a BUY!!!
Posted by : Shetty'sTracked by: 0 Boarder
Whoever bought at 330+, it's a jackpot! You will get it doubled in no time.
@Shetty's...
In reply to:
It's a BUY!!!
Posted by : Shetty's
With prices fallen this down, Bombay Dyeing is surely a BUY. Any price under 400 is always good for accumulate. This might take a dip in couple of more sessions, but will go to 600 soon as the blood shed is over.
Even though it is a good stock for long term investors, at current conditions, the stock is dancing between 400-650. Traders and short term inverstors can make good money with these tides. So, Use your judgement, make some money!
@Shetty's
sell target 300
Posted by : GuestTracked by: 0 Boarder
I told you..........even sell it tomm........target is achieveable soon.....cheers...
In reply to:
sell target 300
Posted by : Guest
hi, sell sell next month target is 300......
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