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WhatsUP
Platinum
My Recommendations: March 2008
1. Camlin Fine Chemicals(Strong Buy below 60 Target100 1year])
2. Venkys India (Strong buy 120-130 Target 250-280 1 year)
3. Gujarat Ambhuja Exports(Strong buy 40-45 target 80-90 1 year)
4. Jayant Agro Industries(Strong buy 65-75 target 100-120 1 year)
5. Aarti Industries (strong buy at 28-31 Target 45-50 6-8 months)
6. Arvind Products (strong buy 7 -7.50 target 11-15 12 months)
Camlin Fine Chemicals http://www.camlinfinechem.com/
Company History: Dec 22, 2006 Fine chemicals division of Camlin has de-merged into a separate company named as Camlin Fine Chemicals
Buying Logic: Camlin has been making more money and Investing more money in Fine Chemical division (now Camlin fine chemicals) Also promoters are buying shares in the name of their minor children which means this is going to be their long term vehicle for growth and investment.
If you look at the results you can see that
1. Bulk of Revenue is from the Consumer Products Division
2. Bulk of Profits are from the "Fine Chemicals Division"
3. Capital Expenditure (ie. capital invested in the business)
4. Capital invested in Fine chemical Division is double the levels of consumer products division [you will invest more money where you can get better returns]
Now lets look at the recent buyback offer by the promoters..
Link www.sebi.gov.in/takeover/camlinpa.pdf
Excerpts: Persons Acting in concert are making an Open Offer to the public shareholders of Camlin Fine Chemicals Limited to acquire 11,60,000 Equity shares of Rs 10 each at a price of Rs 60 representing 20% of the issued voting capital of the company.
During the 12 months preceding this public announcement, The Acquirers have acquired 24,000 shares on March 30,2007 through market purchase at a price of 81.17 per share.
M/S Vibha Agencies(P) Ltd a part of the promoter group and also a person acting in concert with the main acquirers has acquired 12,000 shares at a price of 81.33 per share on March 30,2007
Suggestion: Buy at current levels for a risk free ride till rs 80 levels (30%)
Long Term investors can plan to hold the stock and expect decent appreciation on long term basis also.
IMF Global Financial Stability Report APRIL 2008
http://www.imf.org/external/pubs/ft/gfsr/2008/01/index.htm
Jayant Agro Organics
Sales March 2007 = 452.84Cr
Dec Qtr 2007 sales= 152Cr
Market Cap=104.58Cr
CMPrice=85/=
http://www.jayantagro.com/
Story: India is the largest producer of castor in the world 870,000MT 2nd is china with 268,000MT. India is the largest exporter of Castor oil in the world 90% of world exports are from India.
Jayant agro recently bought Gujarat Agro Industries crushing unit in Palanpur, gujarat in Ihsedu Agrochem Private Limited . The plant is now modernised and has a crushing capacity of 350MT Oil/Day ie 127,750MT Oil per annum. The plant is located in Banaskantha – which is one of the largest castor growing districts in Gujarat – which alone accounts for 75% of India’s Castor Seed production.
Castrol the lubricant company derives its name from the Castor Plant. Castor is the only natural oil that has properties similar to lubricants (produced from petroleum) so in this world of scarce petroleum reserves and Climate concerns (Carbon Neutral) Castor's oil uses are going to grow further.
Recently Mitsui & Co has taken a 25% stake in Ihsedu Speciality chemicals. Also Itoh Oil Chemicals Co. Ltd., Japan has subscribed to Jayant agro limited shares at 105/= per share 6,00,000 shares
Reliance capital Growth & Quantum (George Soros) have 3.94% & 5.65% shareholding in Jayant Agro.
Considering the current market cap to sales ratio and the new plant going online the revenues are going to rise and also the company has started directly producing value added products instead of castor Oil. (hence the Mistui collaboration and 25% stake)
It is the hydroxyl group which makes castor oil and ricinoleic acid valuable as chemical feedstocks. Compared to other seed oils which lack the hydroxyl group, castor oil demands a higher price. As an example, in July 2007 Indian castor oil sold for about USD 0.90 per kilogram (USD 0.41 per pound)[3] while US soybean, sunflower and canola oil sold for about USD0.30 per kilogram (USD0.14 per pound)
Castor oil and its derivatives have applications in the manufacturing of soaps, lubricants, hydraulic and brake fluids, paints, dyes, coatings, inks, cold resistant plastics, waxes and polishes, nylon, pharmaceuticals and perfumes.
Great Value Buy!!
You can expect coverage by investment houses once the stock crosses 120 levels
1. Camlin Fine Chemicals(Strong Buy below 60 Target100 1year])
2. Venkys India (Strong buy 120-130 Target 250-280 1 year)
3. Gujarat Ambhuja Exports(Strong buy 40-45 target 80-90 1 year)
4. Jayant Agro Industries(Strong buy 65-75 target 100-120 1 year)
5. Aarti Industries (strong buy at 28-31 Target 45-50 6-8 months)
6. Arvind Products (strong buy 7 -7.50 target 11-15 12 months)
Camlin Fine Chemicals http://www.camlinfinechem.com/
Company History: Dec 22, 2006 Fine chemicals division of Camlin has de-merged into a separate company named as Camlin Fine Chemicals
Buying Logic: Camlin has been making more money and Investing more money in Fine Chemical division (now Camlin fine chemicals) Also promoters are buying shares in the name of their minor children which means this is going to be their long term vehicle for growth and investment.
| Year of Operation | 2005-2006 | 2004-2005 | 2005-2006 | 2004-2005 |
| Divisions | Consumer Products | Consumer Products | Fine Chemicals | Fine Chemicals |
| Revenue(lakh) | 152,97 | 137,27 | 43,20 | 37,17 | Seg. Result(lakh) | 7,80 | 5,97 | 7,46 | 7,11 | Capital Exp.(lakh) | 3,27 | 3,42 | 9,41 | 6,91 |
If you look at the results you can see that
1. Bulk of Revenue is from the Consumer Products Division
2. Bulk of Profits are from the "Fine Chemicals Division"
3. Capital Expenditure (ie. capital invested in the business)
4. Capital invested in Fine chemical Division is double the levels of consumer products division [you will invest more money where you can get better returns]
Now lets look at the recent buyback offer by the promoters..
Link www.sebi.gov.in/takeover/camlinpa.pdf
Excerpts: Persons Acting in concert are making an Open Offer to the public shareholders of Camlin Fine Chemicals Limited to acquire 11,60,000 Equity shares of Rs 10 each at a price of Rs 60 representing 20% of the issued voting capital of the company.
During the 12 months preceding this public announcement, The Acquirers have acquired 24,000 shares on March 30,2007 through market purchase at a price of 81.17 per share.
M/S Vibha Agencies(P) Ltd a part of the promoter group and also a person acting in concert with the main acquirers has acquired 12,000 shares at a price of 81.33 per share on March 30,2007
Suggestion: Buy at current levels for a risk free ride till rs 80 levels (30%)
Long Term investors can plan to hold the stock and expect decent appreciation on long term basis also.
IMF Global Financial Stability Report APRIL 2008
http://www.imf.org/external/pubs/ft/gfsr/2008/01/index.htm
Jayant Agro Organics
Sales March 2007 = 452.84Cr
Dec Qtr 2007 sales= 152Cr
Market Cap=104.58Cr
CMPrice=85/=
http://www.jayantagro.com/
Story: India is the largest producer of castor in the world 870,000MT 2nd is china with 268,000MT. India is the largest exporter of Castor oil in the world 90% of world exports are from India.
Jayant agro recently bought Gujarat Agro Industries crushing unit in Palanpur, gujarat in Ihsedu Agrochem Private Limited . The plant is now modernised and has a crushing capacity of 350MT Oil/Day ie 127,750MT Oil per annum. The plant is located in Banaskantha – which is one of the largest castor growing districts in Gujarat – which alone accounts for 75% of India’s Castor Seed production.
Castrol the lubricant company derives its name from the Castor Plant. Castor is the only natural oil that has properties similar to lubricants (produced from petroleum) so in this world of scarce petroleum reserves and Climate concerns (Carbon Neutral) Castor's oil uses are going to grow further.
Recently Mitsui & Co has taken a 25% stake in Ihsedu Speciality chemicals. Also Itoh Oil Chemicals Co. Ltd., Japan has subscribed to Jayant agro limited shares at 105/= per share 6,00,000 shares
Reliance capital Growth & Quantum (George Soros) have 3.94% & 5.65% shareholding in Jayant Agro.
Considering the current market cap to sales ratio and the new plant going online the revenues are going to rise and also the company has started directly producing value added products instead of castor Oil. (hence the Mistui collaboration and 25% stake)
It is the hydroxyl group which makes castor oil and ricinoleic acid valuable as chemical feedstocks. Compared to other seed oils which lack the hydroxyl group, castor oil demands a higher price. As an example, in July 2007 Indian castor oil sold for about USD 0.90 per kilogram (USD 0.41 per pound)[3] while US soybean, sunflower and canola oil sold for about USD0.30 per kilogram (USD0.14 per pound)
Castor oil and its derivatives have applications in the manufacturing of soaps, lubricants, hydraulic and brake fluids, paints, dyes, coatings, inks, cold resistant plastics, waxes and polishes, nylon, pharmaceuticals and perfumes.
Great Value Buy!!
You can expect coverage by investment houses once the stock crosses 120 levels
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Also see WhatsUP’s rated messages
20 Aug 2008 10:11
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20 Aug 2008 09:40
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Amol:
in Feb 2002, godrej industries had come out with a buyback offer at Rs 18 per share
==================================
Therefore with a view to provide an exit opportunity to the shareholders, the Board of Directors of the company is contemplating the purchase of shares from the shareholders.
The salient features of the scheme as under:
1. The Company shall purchase its equity shares, on a date fixed by the Board following the record date, representing not more than 40% of its paid-up equity capital ie 2,46,88,014 equity shares of Rs 6 each
2. The consideration for the purchase to be discharged through cash @ Rs 18 per equity share
3. The purchase price represents a 38% premium to the past six months average market price
4. The share so purchased shall be cancelled
5. The scheme would be subject to approval of the requisite majority of the shareholders,creditors and Bombay High Court
6. If on implementation of the scheme, the public holding reduces to less than 10%, the company's shares would be delisted.
==================================
Right now Bhuruka Gases has also come out with a buyback of shares (the price has not yet been decided) and what I was trying to say was that the buyback price is always done when there is a lot of potential for growth.. In case of bhuruka gases it has 8-12 Acres of land in bangalore Whitefield road, mahadevapura post.
Promoters did a 75% reduction in equity, invested 10Cr after the 75% reduction in equity and now are planning to buyback the stock from the market..I estimate the minimum buyback price to be close to 80-88 levels right now the market price is Rs 35 and current market cap is 49.2CR the company land worth is about 69Cr and bhoruka gases plant is worth minimum 41Cr
Plot map:
URL: htt p:/ /ww w .wikimapia. org /1112034/Bhuruka-Gases-Ltd
Yes godrej industries had a lot of value at Rs 18 and now as you can see it was not worth selling back to the promoters.. at Rs 18/=
You can consider investing in bhuruka gases.. just from the net worth and the buyback opportunity..
=happy investing...
in Feb 2002, godrej industries had come out with a buyback offer at Rs 18 per share
==================================
Therefore with a view to provide an exit opportunity to the shareholders, the Board of Directors of the company is contemplating the purchase of shares from the shareholders.
The salient features of the scheme as under:
1. The Company shall purchase its equity shares, on a date fixed by the Board following the record date, representing not more than 40% of its paid-up equity capital ie 2,46,88,014 equity shares of Rs 6 each
2. The consideration for the purchase to be discharged through cash @ Rs 18 per equity share
3. The purchase price represents a 38% premium to the past six months average market price
4. The share so purchased shall be cancelled
5. The scheme would be subject to approval of the requisite majority of the shareholders,creditors and Bombay High Court
6. If on implementation of the scheme, the public holding reduces to less than 10%, the company's shares would be delisted.
==================================
Right now Bhuruka Gases has also come out with a buyback of shares (the price has not yet been decided) and what I was trying to say was that the buyback price is always done when there is a lot of potential for growth.. In case of bhuruka gases it has 8-12 Acres of land in bangalore Whitefield road, mahadevapura post.
Promoters did a 75% reduction in equity, invested 10Cr after the 75% reduction in equity and now are planning to buyback the stock from the market..I estimate the minimum buyback price to be close to 80-88 levels right now the market price is Rs 35 and current market cap is 49.2CR the company land worth is about 69Cr and bhoruka gases plant is worth minimum 41Cr
Plot map:
URL: htt p:/ /ww w .wikimapia. org /1112034/Bhuruka-Gases-Ltd
Yes godrej industries had a lot of value at Rs 18 and now as you can see it was not worth selling back to the promoters.. at Rs 18/=
You can consider investing in bhuruka gases.. just from the net worth and the buyback opportunity..
=happy investing...
18 Aug 2008 09:27
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Wbuffet001:
Please look at the following ...
have you heard of 'Bildergerg group' and the 'Georgia Guidestones'
It seems during the world war II both sides (Allied Forces & Axis Powers) were funded by the same sources...(both guided by world dominance but different paths to achieve the same objective..)
NAFTA, European Union are ways to dilute the nationality of the individual countries and make it easier for these dominant players to control the world ..(as their powers extend across countries and artificial boundaries create imepdiments in the growth of their power..)
Georgia guidestones: inscribed in eight languages: English,spanish,Swahili, Hindi, Hebrew, Arabic, ancient Chinese, and Russian. also in 4 ancient Scripts:
Babylonian, Classical Greek, Sanskrit, and Egyptian hieroglyphs.
The following is the messages (10 commandments!!):
1. MAINTAIN HUMANITY UNDER 500,000,000 IN PERPETUAL BALANCE WITH NATURE
2. GUIDE REPRODUCTION WISELY — IMPROVING FITNESS AND DIVERSITY
3. UNITE HUMANITY WITH A LIVING NEW LANGUAGE
4. RULE PASSION — FAITH — TRADITION
AND ALL THINGS WITH TEMPERED REASON
5. PROTECT PEOPLE AND NATIONS WITH FAIR LAWS AND JUST COURTS
6. LET ALL NATIONS RULE INTERNALLY RESOLVING EXTERNAL DISPUTES IN A WORLD COURT
7. AVOID PETTY LAWS AND USELESS OFFICIALS
8. BALANCE PERSONAL RIGHTS WITH SOCIAL DUTIES.
9. PRIZE TRUTH — BEAUTY — LOVE — SEEKING HARMONY WITH THE INFINITE
10. BE NOT A CANCER ON THE EARTH — LEAVE ROOM FOR NATURE — LEAVE ROOM FOR NATURE
=happy investing...
Please look at the following ...
have you heard of 'Bildergerg group' and the 'Georgia Guidestones'
It seems during the world war II both sides (Allied Forces & Axis Powers) were funded by the same sources...(both guided by world dominance but different paths to achieve the same objective..)
NAFTA, European Union are ways to dilute the nationality of the individual countries and make it easier for these dominant players to control the world ..(as their powers extend across countries and artificial boundaries create imepdiments in the growth of their power..)
Georgia guidestones: inscribed in eight languages: English,spanish,Swahili, Hindi, Hebrew, Arabic, ancient Chinese, and Russian. also in 4 ancient Scripts:
Babylonian, Classical Greek, Sanskrit, and Egyptian hieroglyphs.
The following is the messages (10 commandments!!):
1. MAINTAIN HUMANITY UNDER 500,000,000 IN PERPETUAL BALANCE WITH NATURE
2. GUIDE REPRODUCTION WISELY — IMPROVING FITNESS AND DIVERSITY
3. UNITE HUMANITY WITH A LIVING NEW LANGUAGE
4. RULE PASSION — FAITH — TRADITION
AND ALL THINGS WITH TEMPERED REASON
5. PROTECT PEOPLE AND NATIONS WITH FAIR LAWS AND JUST COURTS
6. LET ALL NATIONS RULE INTERNALLY RESOLVING EXTERNAL DISPUTES IN A WORLD COURT
7. AVOID PETTY LAWS AND USELESS OFFICIALS
8. BALANCE PERSONAL RIGHTS WITH SOCIAL DUTIES.
9. PRIZE TRUTH — BEAUTY — LOVE — SEEKING HARMONY WITH THE INFINITE
10. BE NOT A CANCER ON THE EARTH — LEAVE ROOM FOR NATURE — LEAVE ROOM FOR NATURE
=happy investing...
18 Aug 2008 08:52
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Wbuffet001:
This could mean something more to come along.. maybe the prices are going to be completely deregulated.. after all there is very little time to get the hidden value in the oil marketing companies as the current oil supplies will last for 10 years time..
after which there is going to be a crisis mode for petroleum
=happy investing
...
This could mean something more to come along.. maybe the prices are going to be completely deregulated.. after all there is very little time to get the hidden value in the oil marketing companies as the current oil supplies will last for 10 years time..
after which there is going to be a crisis mode for petroleum
=happy investing
...
16 Aug 2008 12:25
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Guest:
land prices have skyrocketed from 2005 levels also there has been development all around which will increase its land value..
right now bhuruka gases 8Acres is next to Brigade Metropolis..
If you go to bhuruka gases website you will see in one of their photos you can actually see a residential building just next to it (in the back ground)
Even at a very low valuation of Rs 2000 per square feet 8 acres would be close to 69Cr
BOC India has 20% operating margins, Market cap is 3 times sales
ie MArket cap 1500Cr sales = 456CR
Considering similar valuations the Bhuruka gases business itself is worth more than 150Cr sales 41Cr
So total cost for bhuruka gases is= 150Cr + 69Cr = 210Cr
At current market price of 37.4 its market cap is 51Cr
at 210Cr Market Cap the share price should be Rs149.23 even a 50% discount is Rs 74.6 per share
Godrej industries: buy back price 17/= (Rs 6 face value) as per current market price the Rs 6 face value share is 164.7 x 6 = Rs1108.2 per share.. (so it was a mistake to sell the shares at Rs 17/=)
=happy investing
...
land prices have skyrocketed from 2005 levels also there has been development all around which will increase its land value..
right now bhuruka gases 8Acres is next to Brigade Metropolis..
If you go to bhuruka gases website you will see in one of their photos you can actually see a residential building just next to it (in the back ground)
Even at a very low valuation of Rs 2000 per square feet 8 acres would be close to 69Cr
BOC India has 20% operating margins, Market cap is 3 times sales
ie MArket cap 1500Cr sales = 456CR
Considering similar valuations the Bhuruka gases business itself is worth more than 150Cr sales 41Cr
So total cost for bhuruka gases is= 150Cr + 69Cr = 210Cr
At current market price of 37.4 its market cap is 51Cr
at 210Cr Market Cap the share price should be Rs149.23 even a 50% discount is Rs 74.6 per share
Godrej industries: buy back price 17/= (Rs 6 face value) as per current market price the Rs 6 face value share is 164.7 x 6 = Rs1108.2 per share.. (so it was a mistake to sell the shares at Rs 17/=)
=happy investing
...
16 Aug 2008 10:04
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Varun:
As per ICICI (where I have my demat account) the record date was 8th july 2008 and the payment date was 7th july 2008.
divident was 0.90 ie 90 paisa per share.. and I have received the dividents on 7th july 2008. (I however cannot confirm if I did receive the dividents as its difficult to track the flow of money in.. and out of my account)
Also look at nse website:
Ex Date: 7th july 2008
BC Start date: 9th july2008
BC End date: 16 july 2008
All said and done its a good long term stock(though I have exited out of the stock..)
=happy investing
...
As per ICICI (where I have my demat account) the record date was 8th july 2008 and the payment date was 7th july 2008.
divident was 0.90 ie 90 paisa per share.. and I have received the dividents on 7th july 2008. (I however cannot confirm if I did receive the dividents as its difficult to track the flow of money in.. and out of my account)
Also look at nse website:
Ex Date: 7th july 2008
BC Start date: 9th july2008
BC End date: 16 july 2008
All said and done its a good long term stock(though I have exited out of the stock..)
=happy investing
...
14 Aug 2008 17:11
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