As the NPA with the politicians and beaurocrats have already be cleared and the no hinderance in stake sales....

dear gorden well written any way one concrete decision will come this time...

To my mind, TTML is the only and only the one share which never rewarded its shareholder, inspite of being in a hot sector ie Telecom. But there are some discussions within the TATA Group for consolidation. Fresh round of consolidation is in the offing at the Tata group. India’s largest private conglomerate is looking to integrate some of its smaller businesses with their respective flagship companies, with a view to leveraging the value of the entities and increase cost efficiency The earliest of the consolidation could be the merger of Tata Coffee and Mount Everest Mineral Water with Tata Tea; Rallis with Tata Chemicals; Tata Teleservices (Maharashtra) with Tata Teleservices; and Tata Sponge Iron with Tata Steel, two executives familiar with the development said The idea has been discussed in at least two recent board meetings of Tata Sons — the holding company of the group, and also at the individual company level, an executive with the group said “The group is looking to appoint external agencies to study the possibilities of mergers or consolidation,” he added. The merger of Tata Teleservices (Maharashtra) with Tata Teleservices is also being considered by the group, but it could take time as the Maharashtra operator is a listed entity. Earlier this year, Japanese telecom major NTT DoCoMo picked up 26 per cent stake in Tata Teleservices and later 12.12 per cent stake in Tata Teleservices (Maharashtra) also. The move indicates a possible merger, said sources... ...

I m only tell the conditions to go up this shares. Now this changes r apllied or not its not my view. TTSL has 37% stake with ttml, so now its an imporatant condition for ttml to merge with ttsl for rising profit. If this merger is not done then another condition is to take the license for all over india. Currently ttml has only license for mahrashtra...

Dear Gordan, Ur analysis is alright mathematically but it is based on past data. The Game changer here is Docomo. And the Ace is Value added services. The Margin picture will be based hereon on VAS`s. Docomo has already gone through such phases of competion & emerged winner worldwide. From now onwards it will be more of quality subscribers that matter not just the no.`s....

Tata Tele to raise $ 250-mn to fund expansion plans 5 Nov 2009, 1954 hrs IST, PTI MUMBAI: Tata Teleservices (Maharashtra) Ltd, plans to raise $ 250-mn to fund its expansion plans, a top company official said. "We have received approvals to raise $250-mn at any time. The company`s Board will have to take a call," Tata Tele`s Managing Director, Mukund Rajan, told PTI here today. The company has already obtained shareholders` permission for raising $250-mn through FCCBs, which has not been exercised. The positive market response to the company`s offerings in an extremely competitive and volatile market could require advancement of planned capital expenditure. "Our capital expenditure for this year was in excess of Rs 1,000-crore, which was already spent. Thanks to the response to our GSM plan, we have advanced Q4 capex to Q3. Towards the end of Q3, we should be in a position to take a decision on further capital expenditure plan," Rajan said. The company has applied for additional spectrum of GSM of 4.4 MHz to 6.2 MHz in Mumbai and Maharashtra, he said. The company which adopted Tata DoCoMo`s per second tariff plan for its GSM services in Mumbai and Maharashtra believes the current pricing is profitable. ...

FYI, i have even purchased their products from Reliance stored, 1 and half years before i have seen some where that they have tied up with reliance retail and then when i visited reliance fresh i have seen their product their and even i have purchased, it is a company to be believed because i am holding this share from past 2 years, even it is beaten to 18 rs but it still covers up and then again comes to 35 rs. I hope it will be a big multibagger in next 2 years....

Alok Industries one of the countries largest integrated textile company, will be a Book value play for the coming two finantial quarters.

with expectation of the topline increasing rapidly the bottom line will be under pressure due to the high intrest cost + dep. However this is a natural thing that any small cap goes through when it becomes a mid cap or a mid cap to large cap.

Points must be noted : -

1) Alok Management made the most out of the funds under TUFF and expanded the fruits of the same we can see in the result.

2) Alok Infra goo investments with ashford centre almost ready some money to come in from there.

3) Alok Retail will expant to 300 stores getting money from private equity sources.

4) Alok retail will rais debt + private equity.

The complete book value of this company has to go up with all these developments.

Alok rasing 700 crores of debt : _
According to me this wont happen alok will rais 400 cr through pricate equity via diluting stake in infra arm + 300 cr of debt.

This year expected to a good topline of 4100 cr. This is a cheap share at this price.

Only thing required from share holders is convection and patience.

Buy and hold the returns will come. ...

even i am hopeful that it will there is no doubt in my mind this is a beautiful institution, however the real growth will come when the govt moves out.

Merged and this institution is dead for life. ...

Ifci according to me has got the following three options : -

1) Stake sale
2) Merger
3) Take over a bank

According to the rbi it is not goin to issue any fresh licence for a bank for some time, that posibility is ruled out accordint to me.

If the government wanted to give it the licence it would have done it by now and there would not be any talks for a stake sale.

As there woulld not be a need for the same.

Even when one talks abu a stake sale we should realise that ifci as a company is in no need of monwy at this point of time wat it need badly is good management, and operation expansion. .

It is clear that if the stake sale goes through the existing management will have to go job hunting hence the constant madness of appointing a lead manager and than no result.

The government has made it clear that they will convert their loans into shares giving them 11% - 12% direct onership. + 30% indirect through Lic and other such bodies.

Only a very strong player will try for the company. In that case he will have to take over the indirect owner ship + direct ownership + open offer.

If fair value being Rs 100 that comes to a market cap of 8000 - 9000 cr and taking over a substantial part comes to 6000 + crores.

Than appling for a banking licence to make up that huge investment. Makes little sence.

Merger is the most likely option as it will keep every one happy management the takeover entity. ...

i disagree first of all ttsl will never want pan india lisence they dont have the money or the people.

ttml and ttsl merged will not happen coz ttsl is not a public company. ...

Great company aggrisive management but lets face it guys have any of u seen any of their products. i have been traking this company for 2 years now all this talk of launching this and that is goin on however no products cum out in the market.

+ for expansion they require heavy capital.they will take debt their intrest cost will kill the profits. equity will have a negitave eps for the company.

Its a 38 cr company and is talking about 600 cr sales in 5 years.

thats 20 times more that 4 times each year.

the groth is great but no where close to what it should be.

they have 3 mega projects all this requires money lets hope man mohan malk has a huge bank account, thats all i can say. ...

tata tele is doing all the right things for getting more and more subscribers however all this requires a lot of money which they dont have, yes thay have the tata name and assets but no liquid cash. the moey they recieved from the stake sale has been spen on the gsm launch. But still there is tower infra they subsidery 21st century infra is a loss making firm and lets face it their network suks.

tata tele is goin in for another wild move and rasing more capital already with such a heavy equity base + pilling on of debt in this poor company by the management it will take another 10 years to show net profits.

This q results the net loss was more than a 100 cr on turnover of 500.

even if you take the best case senireo for this company with all the compitation and per second billing it will not do more than 700 - 800 cr sale per quarter, & asume a margin of 23% that 184 cr in gross profit - the intrest and depp.

they already have 189 cr equity shares + they want to raise another 1000 cr assume at rs 26 a share that 38 cr shares additional taking the equity base to 2000 cr thats 200 cr shares more or less.

with 100 odd cr depp and 95 odd cr intrest which will only rise ( per quarter ).

This company will never be profitable.

the telcom sector trades at a pe of 12.

To be valued at rs 24 tata tele should show atlease 400 cr net profit each year. if one back calculates

TTML works on 20 - 22 % gp margins. it shows 600 - 800 cr in intrest cost and depp each year.

to make a np/ before tax of 400 cr their gp should be atlease 1000 cr. with 20% margins their turnover should atleast be 5000 cr. that double from today.

I doubt it will happen before 10 years. ...

according to me the total group valuation ( ifci ) should not be more that 4,500.00 cr in any situation with the govt converting its loans into shares the total paid up capital of Ifci would go up to 830 cr.

asuming a avrage conversion price of rs 55 for the govt.

there are 2 options with ifci one to be merged in that case forget about good returns for invertor. two is investor. lets say any guy comes in and is even ready for a billion $ valuation, thats 5000 cr more or less. thats rs 94 per share even with the extended balance sheet. This is a maximum according to me.

Current valuations

3800 cr price to book value 1.35 and pe 7.

IDFC trades at book value 3.5 and pe 24.

i think 80+ is a fair target for ifci if an investor is in the picture.

...

tata tele is doing all the right things for getting more and more subscribers however all this requires a lot of money which they dont have, yes thay have the tata name and assets but no liquid cash. the moey they recieved from the stake sale has been spen on the gsm launch. But still there is tower infra they subsidery 21st century infra is a loss making firm and lets face it their network suks.

tata tele is goin in for another wild move and rasing more capital already with such a heavy equity base + pilling on of debt in this poor company by the management it will take another 10 years to show net profits.

This q results the net loss was more than a 100 cr on turnover of 500.

even if you take the best case senireo for this company with all the compitation and per second billing it will not do more than 700 - 800 cr sale per quarter, & asume a margin of 23% that 184 cr in gross profit - the intrest and depp.

they already have 189 cr equity shares + they want to raise another 1000 cr assume at rs 26 a share that 38 cr shares additional taking the equity base to 2000 cr thats 200 cr shares more or less.

with 100 odd cr depp and 95 odd cr intrest which will only rise ( per quarter ).

This company will never be profitable.

the telcom sector trades at a pe of 12.

To be valued at rs 24 tata tele should show atlease 400 cr net profit each year. if one back calculates

TTML works on 20 - 22 % gp margins. it shows 600 - 800 cr in intrest cost and depp each year.

to make a np/ before tax of 400 cr their gp should be atlease 1000 cr. with 20% margins their turnover should atleast be 5000 cr. that double from today.

I doubt it will happen before 10 years. ...