why should it be on UC for next two trading sessions ?...

thnks ...

Dear Prakash_Ashok !! I dont trust MARWARI promoters in INDIAN stock exchange.Time and again they have duped the investors.Yes may be I am looking at all in the same light and may be this is a mistake but i follow it.I have a right to my opinion.Not necessary others should agree to this. Regards Chartguru...

yes, true...but with the rising profits (as shown in the last two sequential quarters), this should still result in an higher EPS for the FY09...so a said...for long term investor its still positive......

its a long term value buy, buy and forget, its going to be at 100 very soon....

no prakash, all the companies who are capable run their plans at 100% capacities and some companies facing supply crunch run at more than 100% capacities(i.e. by running extra shifts).......

its around 80-85%...

Dear Chart Guru

Firstly as usual thanks for your views and logic.

Hope you are not turned defensive by my statements. Yes you correct, India is a free country and every one is entitled to a view of his choice.

I certainly did not make the statement to defend your thoughts, but made it to understand ur perpective and hence help myself understand your perspective.

Please feel free to share your views as ever. Does always help :-)...

Pretty simple. All stocks that face a support and bounces of it, will bounce back in a strong way.

And hence you see from 21 levels the stock has strongly bounced back.

Cheers!
Prakash...

Dear Sonu

IRB Infra is one of the biggest players who would gain from this Govt plan.
Their current order book is full upto 2012 May!

Br
Prakash...

Hi, I am agreement with chart guru to the extent Ennore will outperform NRE due to the huge expansion plans.
Would also like to query chart guru on why he feels offensive abt the NRE promoters.

But completely agree with j2eeprofessiona about NRE promoter story. And also agree can`t compare Austal to NRE as the story rightly mentioned.

Cheers!
Prakash...

Hi, Understand that some of the 300 Kiosks are operational. But am not sure how many and what revenue it would add as of now.

But one thing you can be sure off, that the Dec quater will show a substantial increase in P/L ac compared to the previous quaters.

Br
Prakash...

Dear Shah

Agree that you have purchased this stock at a really high price. Also this stock is an underperformer for lack of activity and news flow. Though results have improved and December quater would have better results (May be EPS of 1.2 for the quater), dont see the stock per say going above Rs 45 in the next month or so.

So would suggest you exit with losses, but put in your money in more promising counters.

Cheers!
Prakash...

Some Number Crunching:

Based on this warrent convertion by Promoters (Assuming being alloted to Promoter Parties only) the total shared owned by the Promoters now goes up to 12921900 compared to the total Paid up shares of 35992106 (Based on equity cap of Dec`2008).

Which means:

a) Promoter holding % goes up to 35.90% from the earlier 15.90% earlier (Good News)

b) Revised EPS For trailing 4 quaters becomes: Rs 4.44 Per share

c) Hence Revised P/E @ Market Rate Rs 36 becomes 8.11 compared to 6.5 now making it relatively dearer.

But the Long term overview is still very much ve+

Cheers!
Prakash...

...to increase the installed capacity of renewable energy from 10,000MW at present to 15,000MW by 2011 and 80,000MW by 2032 with an estimated investment of USD2.6 bn in the next five years. Entegra Ltd is well positioned to capture this opportunity through its fully integrated business model with several high-value projects under execution in each of the focused verticals, access to latest technology through strong tie-ups with global technology leaders and a visionary promoter, who has created a strong professional management team of technocrats and execution experts to drive the business. Renewable energy is being increasingly targeted due to strained availability of hydrocarbon fuel basket and environmental concerns in thermal
power generation.
The company also has a good order book position as of 31st March, 2009. Moreover, subsequent to March 31, 2008, the Company has fully repaid certain loans against which the promoter’s shares were pledged.
As a consequence, the Company has initialed the process of obtaining a release of these pledged shares, which is expected to be completed shortly. Also, during the year ended March 31, 2009 and subsequent to year end, the Company has been in negotiations with MPSIDC for consideration of its request either to reschedule the repayment of the liability and grant waiver of the interest for the period or permit the Company to take benefit of the revised OTS policy. As of date, MPSIDC has requested the Company to submit a revised proposal for the settlement, which is expected to be submitted shortly. Based on these negotiations, the Company is confident of obtaining a waiver of past interest and a rescheduling of repayment of the balance amount of interest and principal outstanding.
As mentioned earlier, the company is developing a 400MW (40X10) run-of-the-river hydro power project on river Narmada through a Special Purpose Vehicle (SPV), Shree Maheshwar Hydel Power Corporation Ltd. (SMHPCL), which is expected to be commissioned very soon. SMHPCL has entered into a 35-year Power Purchase Agreement (PPA) with the Madhya Pradesh Electricity Board (MPEB), which is extendable by another 20 years by mutual agreement. The PPA provides for reimbursement of fixed and variable costs and a fixed return on equity of 11% p.a. till all the loans are repaid and 14% thereafter on equity capital. The project is entitled to attractive incentives based on generation above the design energy levels and higher availability. The project is expected to generate approximately 50% higher energy levels considering the water flow from the upstream projects – 1,000MW Indira Sagar and 520MW Omkareshwar. Considering 97.5% availability and average generation of only 1,200 MUs p.a., the project can earn approximately 14% additional Return on Equity (ROE) taking the total ROE to 28%.
Payments from the MPEB have been secured through a 3-tier mechanism-L/C, Escrow account and GoMP guarantee. In case of any default in payment by the MPEB, the contract can be suspended and the power sold in the open market to third parties, where the tariffs are highly attractive.
Entegra Ltd aims to be an integrated renewable energy company, with focus on implementation and running of Renewable Energy generation projects; offering Renewable Energy solutions to residential, commercial and industrial facilities, and providing EPC and carrying power trading. Entegra Ltd has floated a 100% subsidiary, Ennertech Bio-Fuels Ltd to develop bio-fuel technologies and undertake Jatropha plantation in 70,000 hectares of land. It has already secured a long-term lease of land for plantation from the Madhya Pradesh Government. Project cost is estimated at approximately Rs.146mn for 10,000 tonnes per year project and 1420.5mn for 100,000 tonnes per year project.
Jatropha oil is a sustainable substitute for diesel, providing inexpensive and renewable source of energy for transport & power.
Entegra Ltd is leveraging its partnership with Bora Wind AG to foray into the high potential area of developing Wind Power Projects. The first project with 100 MW capacities will be developed in a Special Purpose Vehicle, Ennertech Wind Farms with investment outlay of Rs.6bn and is currently identifying suitable land in the state of Maharashtra, Karnataka and Madhya Pradesh.
EnnerGreen Solutions is marketing Solar Heating Systems for hot water requirement which has a short pay back period of just 2 years and has already received some orders.
Conclusion and Chart Check: At the CMP of Rs.19.70, the stock looks to be undervalued. The charts it has been found that the stock has a strong support in the price range of Rs.15.5 to Rs.18.7 which will be difficult to break in the short term.
At the current market price (CMP) the stock of Entegra Ltd is HIGHLY UNDERVALUED given the incremental fully diluted equity value of Rs.82 per share attributable to Entegra from the consolidation of Maheshwar Hydro Power Project. ...