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Jindal Poly Films
ROCK SOLID Qtrly results
Posted by :
pawantarodiaTracked by: 0 Boarder
I have been following results of this company for the last 4 years(since its public offer). After the public offer, its EPS droped drastically. from the last 5-6 quarter , it is maintained around 10. Now it has broke that & touched 18 this quarter. This seems to be due to its increased capacity as topline is also increased. I am expecting that it will finish the year with EPS of 60(on safer side) & with PE of 6-7, should finish the year with 400-420. I have seen 125 level in this stock (at that time EPS was 20-23) so had patience. Now I am truely hopeful of breaking 400 in this stock.
If company goes for buyback, it will further help in increaing EPS
...
In reply to:
ROCK SOLID Qtrly results
Posted by :
hemanth_d
Once again Jindal polyfilms has posted rock solid results. With commissioning of new BOPP lines by this financial year, Rs. 200 crores Full Year PAT can easily be achieved. Rs. 400 price target is easily achievable by March 2009. 
Fare price Rs. 300 +
Posted by : hemanth_dTracked by: 0 Boarder
I dont think 25% share buy back is a possibility. Because the company has allotted only Rs. 150 crores for it. So in order for the company to acquire 25% the company need to buy at a price of Rs. 215 or below.
Given the strong quarterly results and capacity expansion I strongly feel that the share price can't go to that level or atleast can't stay there for long. Atleast thru this buyback announcement the downside from here is very limited. ...
In reply to:
Fare price Rs. 300 +
Posted by : asi543
Company fare value after buy back should be more than Rs. 290. Calculation below,
Company was trading at Rs. 220 to 240 before buy back announcement.
After buy back of 25% shares, number of shares will be 75% of totals as of today.
So EPS after buy back = (EPS of today)/(0.75 x totals shares today)
So EPS after buy back = 1.33 of EPS today.
Translating this to stock price, 1.33 x (220 to 240) = Rs. 293 to 320.
Again this calculation is based on market sentiment will remain same. If market sentiment improves, then clearly price should be further higher.
I keep a fare price Rs. 300 +
Fare price Rs. 300 +
Posted by : asi543Tracked by: 0 Boarder
Company fare value after buy back should be more than Rs. 290. Calculation below,
Company was trading at Rs. 220 to 240 before buy back announcement.
After buy back of 25% shares, number of shares will be 75% of totals as of today.
So EPS after buy back = (EPS of today)/(0.75 x totals shares today)
So EPS after buy back = 1.33 of EPS today.
Translating this to stock price, 1.33 x (220 to 240) = Rs. 293 to 320.
Again this calculation is based on market sentiment will remain same. If market sentiment improves, then clearly price should be further higher.
I keep a fare price Rs. 300 +...
Buy back
Posted by : asi543Tracked by: 0 Boarder
Company raised IPO at Rs. 360 per share. They did not deploy that money fully till now. The made an NSE announcement yesterday "Pending full utilisation of fund raised through public offering, the balance funds have been deployed temporarily in short term investments". So clearly this money will be used for buy back. Hence buy back should not cause any financial burden to company. Its P/E will raise drastically and hence will be good attractive stock. Keep an eye on this stock. In this challenging market, best option to raise investor confidence is a buy back. Company doing it intelligently by buying back at much cheaper price....
JIndal Poly - Buy
Posted by :
KJPTracked by: 0 Boarder
Profits all most doubled when compared to previous qtr, 26.88 cr. to 50,81 cr. Its a buy....
ROCK SOLID Qtrly results
Posted by : GuestTracked by: 0 Boarder
Except for Good PSU companies and MNC\\`s, not many companies pay good dividends. Its always the future dividend expectations. Even AIRTEL has not paid a single dividend so far, even after making huge profits because they are a growing company and so is Jindal Polyfilms. If minority shareholders does\\`nt want to participate in the buyback, they can very well do so. As a matter of fact if the company can successfully execute this buyback then all remaining share holders stake will increase by 33% which is ofcourse a good sign.
In my opinion, the management has done a right thing thru buy-back instead of paying dividends. EPS will also grow....
In reply to:
ROCK SOLID Qtrly results
Posted by :
sonu11
This is a private limited company !!! Promoters wanted money they had it in public issue , then business run well company made money , but for promoters only
No Divedend nothing for minority shareholders , and now they have a buy back offer , they will use the funs earned by the company to buy out minority shareholders and then they have the money business and all future profit.
Nothing for minority shareholders, What if the business makes loss ??
Look for essar group except Essar Shipping none of their business made money yet they become billionire ? They only had Essar Shipping consistantly profit making yet never paid a single paisa as dividend and then tried to get it delisted at 42 or 38 Rupees a share??
Because our law does not provide to buy out promoters stake at a price which proters deem fit and reasonable for minority shareholders.
ROCK SOLID Qtrly results
Posted by : sonu11Tracked by: 0 Boarder
This is a private limited company !!! Promoters wanted money they had it in public issue , then business run well company made money , but for promoters only
No Divedend nothing for minority shareholders , and now they have a buy back offer , they will use the funs earned by the company to buy out minority shareholders and then they have the money business and all future profit.
Nothing for minority shareholders, What if the business makes loss ??
Look for essar group except Essar Shipping none of their business made money yet they become billionire ? They only had Essar Shipping consistantly profit making yet never paid a single paisa as dividend and then tried to get it delisted at 42 or 38 Rupees a share??
Because our law does not provide to buy out promoters stake at a price which proters deem fit and reasonable for minority shareholders.
...
In reply to:
ROCK SOLID Qtrly results
Posted by : hemanth_d
Once again Jindal polyfilms has posted rock solid results. With commissioning of new BOPP lines by this financial year, Rs. 200 crores Full Year PAT can easily be achieved. Rs. 400 price target is easily achievable by March 2009.
NSE Announcements on Jindal PolyFilm
Posted by : MMB MessengerTracked by: 0 Boarder
Jindal Poly Films Limited has informed the Exchange that the meeting of Board of Directors of the Company held on July 28, 2008, the Company has posted total income of Rs.396.35 crore for the quarter ended June 2008 as compared to Rs.290.93 crore for the quarter ended June 2007. Net profit of the Company increased from Rs.38.75 crore for the quarter ended June, 2007 to Rs.50.82 crore for the quarter ended June, 2008. Further Mr. Punit Gupta, Director (Films) of the Company has resigned and Mr. Sanjay Mittal, is appointed as Director (Accounts) of the Company....
NSE Announcements on Jindal PolyFilm
Posted by : MMB MessengerTracked by: 0 Boarder
Jindal Poly Films Limited has informed the Exchange vide notes to Accounts in the Unaudited Financial Results for the quarter ended June 30, 2008 (taken on record by the Board of Directors of the Company at its meeting held on July 28, 2008) that "Pending full utilisation of fund raised through public offering, the balance funds have been deployed temporarily in short term investments"....
BSE Announcements on Jindal PolyFilm
Posted by : MMB MessengerTracked by: 0 Boarder
Jindal Poly Films Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 28, 2008, inter alia, Mr. Punit Gupta, Director (Films) of the Company has resigned and Mr. Sanjay Mittal, is appointed as Director (Accounts) of the Company....
ROCK SOLID Qtrly results
Posted by : hemanth_dTracked by: 0 Boarder
Once again Jindal polyfilms has posted rock solid results. With commissioning of new BOPP lines by this financial year, Rs. 200 crores Full Year PAT can easily be achieved. Rs. 400 price target is easily achievable by March 2009....
buy back
Posted by : hemanth_dTracked by: 0 Boarder
Not sure about Reliance Infra, but when Jindal Polyfilms was in Rs. 150 range last year, the company might be in their expansion mode buying equipments, installtions, etc.. and might have utilised the money raised thru the Issue. Now this year they have made good amount of profit, with new capacities going to be oprationalised this year, the company feels the current market price does\\`nt reflect the future prospects and earnings.
This year the company is going to double its BOPP capacity which will ofcourse raise the profits if the BOPP prices does\\`nt fall much.
...
In reply to:
buy back
Posted by : koreddy
company announced buy back, they didn't start actual buy back, In India many companies announces buy backs for diff reasons.
most of the buy backs by domestic companies never get fulfilled. Hopes on buy back doesn't make any sense. last year price was Rs150 range why promoters didn't announced buy back?
now is it around 230+ buy back announcement came but not started, Indian promotors doesn't want to loose money/finacial strength under their control, which belogns to share holders.
Reliance Infra announced buy back & started with in 2 weeks, that is to protect promoter image from highly inflated reliance power IPO. As long as reliance power ipo was in media focus they did buy back of Reliance Inftra shares at Rs1000 to Rs1600 they spent 30% of money allocated to buy back, but now reliance power ipo is out of media they stopped buy back even the current share price is Rs700 to Rs900.
buy back
Posted by : koreddyTracked by: 0 Boarder
company announced buy back, they didn't start actual buy back, In India many companies announces buy backs for diff reasons.
most of the buy backs by domestic companies never get fulfilled. Hopes on buy back doesn't make any sense. last year price was Rs150 range why promoters didn't announced buy back?
now is it around 230+ buy back announcement came but not started, Indian promotors doesn't want to loose money/finacial strength under their control, which belogns to share holders.
Reliance Infra announced buy back & started with in 2 weeks, that is to protect promoter image from highly inflated reliance power IPO. As long as reliance power ipo was in media focus they did buy back of Reliance Inftra shares at Rs1000 to Rs1600 they spent 30% of money allocated to buy back, but now reliance power ipo is out of media they stopped buy back even the current share price is Rs700 to Rs900....
In reply to:
buy back
Posted by : vathsala0203
but tell us why the price is not moving up in spite of a buy-back offer of rs. 350/-. i want to book profits and get out of this stock as i am stuck with it for a long time at 260 levels
buy back
Posted by : vathsala0203Tracked by: 0 Boarder
but tell us why the price is not moving up in spite of a buy-back offer of rs. 350/-. i want to book profits and get out of this stock as i am stuck with it for a long time at 260 levels...
In reply to:
buy back
Posted by : pawantarodia
What about the result.
I am expecting quarterly EPS of 10.
buy back
Posted by : pawantarodiaTracked by: 0 Boarder
What about the result.
I am expecting quarterly EPS of 10.
...
In reply to:
buy back
Posted by : pawantarodia
What about the result.
I am expecting quarterly EPS of 10.
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