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Facor Alloys
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Technically, this stock is poised for going up in the short term (for traders). Of course to be resisted at 12+....
In reply to:
Started moving up
Posted by :
Guest
This stock has started upward movement after cosolidation.This has potential to move up to Rs 15 before 2nd quarter results. 
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Thanks for information.
can you inform border from where did you get the clerification
Guest may say anything you one must keep faith in facor alloy....
In reply to:
Clarification
Posted by :
kekanaje
I got the clarification that no talks are going on at present regarding platinum mining.But FA has good future on basis of present market.
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I got the clarification that no talks are going on at present regarding platinum mining.But FA has good future on basis of present market....
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Mr guest why do you hide your name...
In reply to:
Platinum mining
Posted by : Guest
operator agent
kekanje
you are back to your old game.
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This stock has started upward movement after cosolidation.This has potential to move up to Rs 15 before 2nd quarter results....
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epi,
I saw ss rolling mills in jodhpur/ahbd reporting 30%drop. ss can be replaced by ms coated by bitumen/frp, in corrosive applications, by powder coated ms in decorative applications. I can list hundreds of more alternates to nickel, gold, silver, etc. that human ingenuity has devised within last year. Sure crude may enjoy its day in the SUN, humans will shortly tap the SUN. Anyway invest in good promoters, not in those who do not believe in repaying loans....
In reply to:
Commodity Meltdown
Posted by :
epiphany
Shock,
Sorry, I do take the takeover bit back. Indeed, Cronimet has taken over GMR and I do find the price really low. 26 Rs is very low indeed. Cronimet I know has bought a large chrome ore mine in the Bushveld complex in South Africa and they are good company to take-over GMR Ferro. The price beats me though.
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Why facor is struggling to move while Ispat also having a Less EPS and littele higher in Book value.
I need some advice regarding facor if you are investing Rs.10.5 in one share and you will get Rs.4(eps) within a year based on their history,Hence it is worth to invest in Prifitable script like this....
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operator agent
kekanje
you are back to your old game....
In reply to:
Platinum mining
Posted by : kekanaje
Dear guest I have already told u that I am long term invester and I continue to hold substantial quantity of the stock.I have full faith in the stock on long term basis.Whenever we recieve any news it has to be shared.Any way this stock will definetely cross previous heigh in the long run.
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Epi, Shoa
What are your comments on the following? I have tried to be as negative as possible to understand the risks in GMR Ferro:
Current status
Capacity - only 27000+ tons
No Captive power
No Captive ores (in India)
We are hoping that the Chrome ore will be imported from their SA mines acquired recently. How fair is our hope? What stops Cronimet from acquiring smelters in other parts of the world where this Chrome ore can be fully utilized? Why only India?
We are assuming that Cronimet will also look to expand the existing facility or acquire new ones in India. Any idea if Cronimet has done it in the past to prove that this is their usual strategy?
Results
How did the EPS jump to 9 for this qtr when the EPS for the last year whole was around 2? Remember, they do not have Captive ore/power.
Cronimet has acquired 70% of GMRF. What if it succeeds in getting another 20% for a low price through open offer? I guess, once it has 90% of holdings it can delist the company? What happens to the other 10% holders? Will they be forced to sell out at whatever rate dictated by Cronimet?
Thanks,
Shock!...
In reply to:
Commodity Meltdown
Posted by : epiphany
Hi Shock,
I feel this deal might have been negotiated before the full extent of FeCr pricing kicked in and Cronimet bought GMR for a bargain. Cronimet's mine in SA has a total mining capacity of 400,000 Tonnes of Chrome Ore Per Annum and this can be used to make between 150,000 - 180,000 tonnes of FeCr. GMR's capacity is only 27,500 TPA and this is why I feel they may make more acquisitions.
I feel GMR can be a bargain and combined with the fact that Cronimet has these massive ore deposits, this can be even more of a bargain.
To me, it feels like a cheaper buy than Facor.
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Ferro Alloys Corporation appoints director 19/08/2008 18:12 IST
Ferro Alloys Corporation has appointed Harish Salve as director of the company with effect from 30 July 2008 in the casual vacancy caused by the resignation of V J Trivedi.
The company made this announcement during the trading hours today, 19 August 2008.
Source: w ww.moneypore.c om/txt/equity/CorpDetNews70.ht m
Shock!
...
In reply to:
Platinum mining
Posted by :
nidhiamolagrawa
kind attention.....i hv heard tht thr r fights among the directors / owners of facor alloy and due to these fights facor steel is already closed so its a very bad news for this stock ...though i m in buy side lets c wat happens
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Hi novin,
You can go through GMR Ferro\\`s website gfil dot in
It has good amount of information including results of previous years/quarters. The last qtr results can also be found on BSE website.
Shock!...
In reply to:
Commodity Meltdown
Posted by : novin
Can someone share more details on GMR Ferro? It's financials, at least the recent Q108 results. I couldn't find them on Moneycontrol.
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Can someone share more details on GMR Ferro? It's financials, at least the recent Q108 results. I couldn't find them on Moneycontrol....
In reply to:
Commodity Meltdown
Posted by : shoa2546
Guys, Just buy bigway into GMR ferro if u want to make money. Its just awailable at throwaway price of rs 68. Quit from Facor now and switch the money with company going to have higher synergised valuation. Rgds
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Hi Shock,
I feel this deal might have been negotiated before the full extent of FeCr pricing kicked in and Cronimet bought GMR for a bargain. Cronimet's mine in SA has a total mining capacity of 400,000 Tonnes of Chrome Ore Per Annum and this can be used to make between 150,000 - 180,000 tonnes of FeCr. GMR's capacity is only 27,500 TPA and this is why I feel they may make more acquisitions.
I feel GMR can be a bargain and combined with the fact that Cronimet has these massive ore deposits, this can be even more of a bargain.
To me, it feels like a cheaper buy than Facor....
In reply to:
Commodity Meltdown
Posted by : ShockMarket
Hmm...
Thanks Epi for mitigating the risks :-))
I remember reading in some article that people are researching other alternatives to FeCr. May be I got it wrong.
So, what do you think about GMR Ferro? Is it a risky buy at current levels given that Cronimet has offered only Rs 26 per share? Is it possible that the deal was struck long time ago (before the FeCr boom) but revealed only recently?
Shock!
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kind attention.....i hv heard tht thr r fights among the directors / owners of facor alloy and due to these fights facor steel is already closed so its a very bad news for this stock ...though i m in buy side lets c wat happens...
In reply to:
Platinum mining
Posted by : kekanaje
Dear guest I have already told u that I am long term invester and I continue to hold substantial quantity of the stock.I have full faith in the stock on long term basis.Whenever we recieve any news it has to be shared.Any way this stock will definetely cross previous heigh in the long run.
Tracked by: 0 Boarder
Dear guest I have already told u that I am long term invester and I continue to hold substantial quantity of the stock.I have full faith in the stock on long term basis.Whenever we recieve any news it has to be shared.Any way this stock will definetely cross previous heigh in the long run....
In reply to:
Platinum mining
Posted by : Guest
Kekanaje, i find that you are posting to many articles on Facor on other websites and now you are trying to generate the interest by this platinum mining theory. We do understand that you might have purchased some shares of Facor and are just trying to get out of this stock as soon as it goes up but try to understand that the stock market does not act on just rumours/queries of such as you have mentioned. Many of the the boarders are more experienced than you to understand the underlining meaning of what u have written and what you are writing about facor on other stocks site so please do not underestimate the investors and write anything.
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