yes somewhat similar in nature but ICSA is more spread in terms of business segment these days....

Good question... but i dont think you are following the company managements discussions closely... expect to make money flying kites golden tip?...

goldentip, The case of Indian Bank is also interesting. Till such time, PC was FM, the merger was ruled out. Now there is a slight chance. Now that Andhra State elections have recently been held and YSR is not there, there would not be much hurdle for merger of Andhra Bank with PNB or BOB or any other big bank, and also given the good fundamentals of Andhra Bank....

goldentip, Yes, the present CMD of PNB was the CMD of Allahabad Bank earlier. But, PNB, why for that matter any major nationalised bank, would not like to merge any kolkata-based bank (sorry, if I offend anyone). Why I am saying is that PNB itself had experience many a times in the region. Now, the news (as per UTV) is that Union Bank has made presentation for merger of Corporation Bank with itself. Incase PNB is to go in for merger of another bank, the next fundamentally good bank (after Corporation Bank) is Andhra Bank. Who knows what is the call of the political master? ...

In my opinion JKL is priced at 50% discount bcs of mistakes done by management in d past.But now they hv learnt lesson and becoming investor friendly In last 4 months they hv rewarded shareholders with a dividend of Rs 6(Rs 4 for 2008-9 and Rs 2 as interim for current year).Finally FIIs and MFs wl notice d change and accumulate.Even if no takeover it wl give best returns in 6 months....

Well, For UID if smart card is not issued than also to collect this details they require biometric device in large quantity. Also,as a whole if you consider there is a lot of scope of barcode industry in india. Regarding apke dwar as far as I am aware its rollout was planned this year end only.and I believe tht is the reason thy are not revising their topline.I would suggest wait for 1 yr to get more clarity. The risk till tht date is very low as it has order of 600 cr + Delhi Kiosk + Apkedwar. If order book is not increasing we need to think ...

Not sure this sounds like a good or bad thing for investors... I have entered at 125 and was hoping that 200 can be my sell target... With this take over thing...what can be possible target numbers for exit?...

I asked a question; if you know the answer you could provide it. If I knew what company management was discussing I won`t have asked this question, right? Can we refrain from making personal attacks?...

Are Genus Power and ICSA similar in nature, in terms of their businesses?...

First 300 kiosks of "Aap Ke Dwar" were supposed to be ready by Oct 2009, followed by 400 kiosks every qtr in calendar year 2010. Is the first batch ready? Are they operational?...

It does not matter if you offend someone as long as you do not use profanities, you are just speaking the truth. I think Canara bank is going for Dena bank and UBI is merging with Corporation bank. Andhra bank might be amalgamated as well. There is Syndicate and Vijaya banks also, both headquartered in Karnataka (like Canara and Corporation) which could be up for grabs. Bank of Maharashtra does not provide similar scale but might find the going tough as per Basel II norms. I also expect merger of SBI associates to happen sooner. The east based banks, Allahabad, UCO and the unlisted United Bank of India, I do not know what happens to them. Pranab Mukherjee might want them to merge but he won`t like another volatile situation in WB before assembly elections in 2011. ...

The current CMD of PNB was CMD of Allahabad Bank. As all of you know, the larger PSB`s, PNB, BOB, BOI, UBI and Canara Bank are looking to consolidate, and smaller banks are now in the process of getting identified and merged. Which will give higher valuations to these smaller banks in the interim, and they usually trade at a lower PE and P/BV than their larger peers.

As the CMD of PNB knows Allahabad Bank in and out, we can expect some moves here. The only problem here is, most of the branches of Allahabad Bank are concentrated in the east, many of them in WB. You can expect more HR issues (read: protests against merger, strikes) there in tune with the culture.

On the other hand, merger of banks like Dena Bank, Syndicate Bank and Bank of Maharashtra would be easier given their geographical concentration in the west and south.

Still I`ll continue holding ALBK in the hope that better sense will prevail. ...

"they require biometric device in large quantity" - why? For 120 crores, I think we`d need a maximum of half a million such devices at the most. Or may be less. Maybe just half a lakh.

Isn`t Delhi kiosk the same as Aap Ke Dwar? Why have you mentioned it twice?...

Hey, I am just talking about a possibility. Takeover is indeed going to be a very very good thing, because management will not sell unless they get a 100% premium on today`s CMP. As I mentioned earlier, one should be willing to pay at least $100/tonne of capacity to take over an established cement company.

The money promoters can take off the table otherwise is what they earn as dividends. However if they want to sell they will get twice that of CMP easily.

Commodity companies are valued at replacement cost. I am really surprised that J K Lakshmi languishes at Rs 125 levels when it should be Rs 250-300 really. ...

While Ahmednagar Forgings has continued falling day after day post -Satyam fiasco, Amtek Auto is holding fort around 54-56. What this means, is that the arbitrage between Amtek Auto and Ahmednagar is widening. If you buy 100 shares of Ahmednagar at about Rs 25, you`ll spend around Rs 2525 (including about 1% brokerage), which is Rs 45.09 for each share of Amtek Auto (56 Amtek Auto for 100 Ahmednagar Forgings). That`s only 82% of the current market price of Amtek Auto (Rs 55). So you save 18%.

However the bigger question is whether you want to buy any of these shares in the first place. If you want to buy Amtek Auto, it is better to buy Ahmednagar Forgings. But you must know that you`ll not be able to realize any profit in the next 3 years. The outlook in the auto sector is terrible and Amtek has significant exposure in Europe and the US, which makes it more vulnerable to the recessionary conditions in the market....