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Petronet LNG Ltd
dividend not recieved,who is responsible?
Posted by :
kumarravi09Tracked by: 0 Boarder
Even i haven't got .
I ahve some 1300shares and karvy is saying it has sent the dividend but i havent received till date. They said they had sent it on june6.
wat to do now ?...
In reply to:
dividend not recieved,who is responsible?
Posted by : sk6874
Hi. Does anybody who has shares for Petronet gets the divident? I have 250 shares purchsed during last 3 months. Would I get any divident? 
dividend not recieved,who is responsible?
Posted by : sk6874Tracked by: 0 Boarder
Hi. Does anybody who has shares for Petronet gets the divident? I have 250 shares purchsed during last 3 months. Would I get any divident?...
In reply to:
dividend not recieved,who is responsible?
Posted by : sumsin
I got the dividend on August 9th 2008.
Petronet LNG - Strong buy
Posted by :
KJPTracked by: 0 Boarder
Petronet LNG is a strong BUY at current levels. Best for long term....
Tracked by: 0 Boarder
what is the stop loss and target price for the Petronet Lng...
dividend not recieved,who is responsible?
Posted by : sumsinTracked by: 0 Boarder
I got the dividend on August 9th 2008....
In reply to:
dividend not recieved,who is responsible?
Posted by :
paldavis
I did not get the dividend for the period 2007 - 2008 so far.Petronet's Rgistrars Karvy sent fraud statement for crediting the amount ECS with out crediting which is a cheating with the knowledge of company's secretary. I lostinterest money for the delayed period..,a real cheating....!!!!!
Petronet Cuts Output on Equipment Breakdo
Posted by : GOTOANISHTracked by: 0 Boarder
Petronet Cuts Output on Equipment Breakdown at Indian Terminal
Aug. 12 (Bloomberg) -- Petronet LNG Ltd., India\\`s biggest buyer of liquefied natural gas, has cut production by 13 percent because of equipment breakdown at its western India import terminal.
Petronet declared force majeure on its customers GAIL (India) Ltd., Indian Oil Corp. and Bharat Petroleum Corp. after reducing output by 3 million cubic meters a day from 23.9 million cubic meters a day, Managing Director Prosad Dasgupta said today. One of the five pumps at its Dahej terminal in the state of Gujarat stopped working in mid-July, he said.
Four other pumps are processing the fuel for delivery to customers, he said. The company expects to resume full supplies to customers by the end of August after completing repairs, Dasgupta said in a telephone interview from New Delhi.
The shutdown hasn\\`t affected LNG imports, he said.
``We\\`re not canceling any imports though there is delay in processing,\\`\\` he said. The company is currently receiving about 6.5 million metric tons a year of LNG from Qatar under multiyear contracts.
...
Why you should buy petronet?
Posted by : GuestTracked by: 0 Boarder
Here are few of the reasons that could be figured out after fundamental analysis of the stock
The present equity of the company is Rs.750 crores which is held by promoters being 50% FIIs and OCBs 20% and 30% is held by the public.
Dahej Terminal is operating at optimum capacity and meeting nearly 25% of the country’s total gas supplies. During FY 08, at Dahej 101 LNG cargoes were unloaded and 321.95 mmBtu of regasified LNG was supplied to the offtakers.
During FY 08, the total revenue of the company was at Rs.6,609 crores on which, cost of LNG was Rs.5,566 crores leaving a gross margin of Rs.1,043 crores. PBT was placed at Rs.715 crores while PAT was at Rs.475 crores, resulting in an EPS of Rs.6.33 against Rs.4.18 of FY 07.
With capacity of Dahej Terminal increasing in phases from July 08 which would be fully expanded by December 08, with 100% increase, the second half of FY 09 would see improved working. However, third tranche of gas under long-term supply from Rasgas would commence from mid 2009 with third tranche of 2.5 million metric tonne, and for this interim period of one year, the company will have to source LNG from other short term source, for which the company is hopeful of.
The company is also setting up in JV with Adanis, a solid cargo port at Dahej to import/export bulk products like coal, steel and fertilizers and first phase would be completed by Nov. 09 while second phase by September 10.
As at 31-03-08 the total debt of the company was at Rs.1,578 crores against its networth of Rs.1,619 crores. However, this borrowing is backed by capital work in progress of Rs.1,061 crores, Cash and bank balances of Rs.359 crores and investments in mutual funds of Rs.526 crores. So, the company can be termed as debt free, as net debt of Rs.693 crores is mainly used for new capacity creation.
The board of the company declared a dividend of 15% for FY 08. Share is now ruling at Rs.55 had a 52 week high low of Rs.122 and Rs.48. The low of Rs.48 was made recently on 2nd July 08 from where it sharply recovered.
For FY 09, though the capacity expansion is likely to get completed in phases, still a growth of 25% can be expected in topline and bottomline for FY 09 which should result in an EPS of close to Rs.8.
The company also has plans to set up 1,200 MW gas based power project at Dahej with capex of Rs.3,600 crores. All these projects of solid cargo, power plant, second terminal at Kochi would give it strong asset based projects which would yield results after 3 – 4 years. Due to low gearing of the balance sheet of the company, raising this kind of money would not pose any difficulty to the company.
Hence one can expect target price of Rs 135 by jan 2009.
...
BUY BUY BUY..........Target 185-225
Posted by : santoshchnTracked by: 1 Boarder
This is junk stock. I never saw a stock like this. For past 2 years this stock is not moving its base from 60-65 rupees. Holding it thinking it will give very good return in long term....
In reply to:
BUY BUY BUY..........Target 185-225
Posted by : bhan
the target of 185-225 you have told is impossible, with such illogical advice your are misguiding investors.looking at it p/e ratio and high/low it will go upto 120 in a period of one year time if market sentiment remain good
petronet lng ltd. to benifit from cabinet clarification
Posted by : greedy_oneTracked by: 0 Boarder
Sources have said that the Oil Ministry is likely to clarify the definition of mineral oil including natural gas.
The Finance Minister had mentioned in the Budget that the seven-year Tax Holiday is only for mineral oil and does not include natural gas. However, a Cabinet note clarifies natural gas as part of mineral oil say sources.
The Cabinet Note is believed to have discussions on what is needed to attract investment in India, sources claimed. Besides that, it lists about a dozen enactments, which defines mineral oil to contain natural gas, said sources.
One of the immediate impacts of this probably would be on Reliance Industries’ D6 block, which is subject to a court case in Mumbai, and should start production by the end of this month.
Clarification is only for the first six rounds of NELP blocks as well as the blocks that were leased out prior to 1999 before NELP started. Tax Break is not applicable for NELP VII Blocks, said sources.
so will petronet hit 20% circuit tomorrow!!
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WILL PETRONET HIT 20% CIRCUIT TOMORROW
Posted by : greedy_oneTracked by: 0 Boarder
Sources have said that the Oil Ministry is likely to clarify the definition of mineral oil including natural gas.
The Finance Minister had mentioned in the Budget that the seven-year Tax Holiday is only for mineral oil and does not include natural gas. However, a Cabinet note clarifies natural gas as part of mineral oil say sources.
The Cabinet Note is believed to have discussions on what is needed to attract investment in India, sources claimed. Besides that, it lists about a dozen enactments, which defines mineral oil to contain natural gas, said sources.
One of the immediate impacts of this probably would be on Reliance Industries’ D6 block, which is subject to a court case in Mumbai, and should start production by the end of this month.
Clarification is only for the first six rounds of NELP blocks as well as the blocks that were leased out prior to 1999 before NELP started. Tax Break is not applicable for NELP VII Blocks, said sources.
SOURCE: CNBC TV18
This development dhould benifit petronet lng in a big way.
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BUY BUY BUY..........Target 185-225
Posted by : bhanTracked by: 1 Boarder
the target of 185-225 you have told is impossible, with such illogical advice your are misguiding investors.looking at it p/e ratio and high/low it will go upto 120 in a period of one year time if market sentiment remain good...
In reply to:
BUY BUY BUY..........Target 185-225
Posted by : Guest
very secret news,will get the green (final) signal from govt. and the exxon moble also part with this.don.t waste time, if u r interested to get something from this market.
BSE Announcements on Petronet LNG
Posted by : MMB MessengerTracked by: 0 Boarder
Petronet LNG Ltd has informed BSE that owing to superannuation as Secretary (P&NG), Ministry of Petroleum & Natural Gas, Shri M S Srinivasan has resigned as Director and Chairman of the Company w.e.f. July 31, 2008....
NSE Announcements on Petronet LNG
Posted by : MMB MessengerTracked by: 0 Boarder
Petronet Lng Limited has informed the Exchange that: "Owing to superannuation as Secretary (P&NG), Ministry of Petroleum & Natural Gas, Shri M.S. Srinivasan has resigned as Director and Chairman of the Company w.e.f. 31st July, 2008"....
BUY BUY BUY..........Target 185-225
Posted by : skroy_1973Tracked by: 1 Boarder
Though this stock is very good and have promising future but i don't think this target is achievable in near future....
In reply to:
BUY BUY BUY..........Target 185-225
Posted by : Guest
very secret news,will get the green (final) signal from govt. and the exxon moble also part with this.don.t waste time, if u r interested to get something from this market.
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