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Balasore Alloys
!@BALASORE 425% Profit ..... Good news@!!
Posted by :
010976Tracked by: 0 Boarder
u r true its getin in a long term bull trend.excelent fundamentals and good expansion plans.its really a gem of a stock....
In reply to:
!@BALASORE 425% Profit ..... Good news@!!
Posted by :
maky1234
425% profit and good expansion plans -- Available at very attractive levels -- Investors take note of theis super GEM of a STOCK..........
tgt 80 in 4 months.......... Bonus - anything comming .......... reserves are there ........ hopefully....
!@BALASORE 425% Profit ..... Good news@!!
Posted by : maky1234Tracked by: 0 Boarder
425% profit and good expansion plans -- Available at very attractive levels -- Investors take note of theis super GEM of a STOCK..........
tgt 80 in 4 months.......... Bonus - anything comming .......... reserves are there ........ hopefully....
...
In reply to:
!@BALASORE 425% Profit ..... Good news@!!
Posted by : maky1234
425% profit and good expansion plans -- Available at very attractive levels -- Investors take note of theis super GEM of a deal..........
Ispat Group’s Balasore Alloys plans to increase its ferrochromium capacity by 150% to 250 kt/y and add 100 kt/y of manganese alloy capacity over the next two years.
Mr RK Jena joint MD of Balasore Alloys Limited has recently explained about the plans to expand the capacities for production of ferroalloys, to set up the countermeasures for raw materials and to increase the facilities for generation of electric power.
Mr Jena outlined the structure to produce 150,000 tonnes per annum of ferrochrome, 100,000 tonnes per annum of manganese ferroalloys, 250,000 tonnes per annum in total of ferroalloys, by means of constructing new electric furnaces and expanding capacities of the existing electric furnaces...
so consider this stock in your portfoio.....
!@BALASORE 425% Profit ..... Good news@!!
Posted by : maky1234Tracked by: 0 Boarder
425% profit and good expansion plans -- Available at very attractive levels -- Investors take note of theis super GEM of a deal..........
Ispat Group’s Balasore Alloys plans to increase its ferrochromium capacity by 150% to 250 kt/y and add 100 kt/y of manganese alloy capacity over the next two years.
Mr RK Jena joint MD of Balasore Alloys Limited has recently explained about the plans to expand the capacities for production of ferroalloys, to set up the countermeasures for raw materials and to increase the facilities for generation of electric power.
Mr Jena outlined the structure to produce 150,000 tonnes per annum of ferrochrome, 100,000 tonnes per annum of manganese ferroalloys, 250,000 tonnes per annum in total of ferroalloys, by means of constructing new electric furnaces and expanding capacities of the existing electric furnaces...
so consider this stock in your portfoio........
BSE Announcements on Balasore Alloys
Posted by :
MMB MessengerTracked by: 0 Boarder
Balasore Alloys Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 22, 2008 to September 25, 2008 (both days inclusive) for the purpose of 20th Annual General Meeting (AGM) of the Company to be held on September 25, 2008....
Tracked by: 0 Boarder
Balasore Alloys to add ferrochromium and silicomanganese capacity
Ispat Group’s Balasore Alloys plans to increase its ferrochromium capacity by 150% to 250 kt/y and add 100 kt/y of manganese alloy capacity over the next two years. Balasore Alloys currently produces around 100 kt/y of ferrochromium from its five furnaces at Balasore in Orissa state, India. The new capacity will come from an additional 18 MVA furnace that will add about 30 kt/y of capacity and the upgrading of the 7.5 MVA furnaces to 15 MVA each. Balasore announced the expansion plans on the back of a fourfold increase in net profit for the June quarter. Metal Bulletin Daily, 4 August 2008, p 3....
In reply to:
Balasore Next IMFA
Posted by : sanjay397
Excellent results from balsore,
Sales 186 cr, Gross Profit 35 Cr, NP 23 cr, gives a EPS of 3.5. NP is little lower considering 11.30 Cr for one time early repayment of Debt and 15.58 cr one time loss of disposal of fixed assets.
If these one time charges r removed we get a NP of 38-42 Cr, giving a EPS of 6.5. Going forward for full year NP consideration of around 160-180 cr gives a annual EPS of around 25-27 rs. PE at present price 2. I guess this share has a fair value at 90-100 at prevailing market conditions.
Cheers..
Sanjay
Results r in today Economic Times
Tracked by: 0 Boarder
what salasore,if u have got out u will repent.now sit back and get ready for a nise rally in balasore....
In reply to:
Btter alternative
Posted by : kekanaje
Comparing with performance of Salasore yhe performance of Facor alloys is much better.Facor alloy has shown an increase of 540% in profits which is best among all companies.Stock is avalable at cheap valuation.Divert part of funds to Facor alloy.
Tracked by: 0 Boarder
Comparing with performance of Salasore yhe performance of Facor alloys is much better.Facor alloy has shown an increase of 540% in profits which is best among all companies.Stock is avalable at cheap valuation.Divert part of funds to Facor alloy....
Tracked by: 0 Boarder
Excellent results from balsore,
Sales 186 cr, Gross Profit 35 Cr, NP 23 cr, gives a EPS of 3.5. NP is little lower considering 11.30 Cr for one time early repayment of Debt and 15.58 cr one time loss of disposal of fixed assets.
If these one time charges r removed we get a NP of 38-42 Cr, giving a EPS of 6.5. Going forward for full year NP consideration of around 160-180 cr gives a annual EPS of around 25-27 rs. PE at present price 2. I guess this share has a fair value at 90-100 at prevailing market conditions.
Cheers..
Sanjay
Results r in today Economic Times...
Tracked by: 0 Boarder
Dhoom2 Can u please post full sales and NP numbers in details alongwith source, please. Since they r unavailable on BSE and ET....
In reply to:
Result - Fantastic.
Posted by : Dhoom2
Balasore reported profits for Q1FY09 is after exceptional provisions of Rs27crores. These provisions consists of
I) Rs15.58crores towards loss on discard of fixed assets and
II) Rs11.30crores towards calling off of CDR by bankers.
Both these expenses are non recurring in nature.
Adjusted PBT will be higher at Rs61.44crores for Q1FY09.
Result - Fantasitic (Please read the Msg)
Posted by :
epiphanyTracked by: 0 Boarder
Can you please post sales/profits numbers? I cant see it anywhere.
Thanks...
In reply to:
Result - Fantasitic (Please read the Msg)
Posted by : Guest
Please don\\`t sell single share of this company, because result is fantastic, PBT fantastic, NP Fantastic, EPS fantastic, at current level of company result Rs. 80 to 85. But the share is available only @ Rs.52.50. Please buy immedietly. Today Rs.56 to Rs.57 expected.
Tracked by: 0 Boarder
Balasore reported profits for Q1FY09 is after exceptional provisions of Rs27crores. These provisions consists of
I) Rs15.58crores towards loss on discard of fixed assets and
II) Rs11.30crores towards calling off of CDR by bankers.
Both these expenses are non recurring in nature.
Adjusted PBT will be higher at Rs61.44crores for Q1FY09. ...
In reply to:
Result - Fantastic.
Posted by : Guest
Result - Near by Rs.22 to Rs.27 Crores Net Profit Against last year 1 st qua.Rs.5.386 Crores & Last qua. Rs.8.557 Crores. Rs.95 Touch very soon.
Result - Fantasitic (Please read the Msg)
Posted by : GuestTracked by: 0 Boarder
Please don\\`t sell single share of this company, because result is fantastic, PBT fantastic, NP Fantastic, EPS fantastic, at current level of company result Rs. 80 to 85. But the share is available only @ Rs.52.50. Please buy immedietly. Today Rs.56 to Rs.57 expected....
Tracked by: 0 Boarder
very good buy!!!
very encouraging results!!
...
In reply to:
Result - Fantastic.
Posted by : Guest
Result - Near by Rs.22 to Rs.27 Crores Net Profit Against last year 1 st qua.Rs.5.386 Crores & Last qua. Rs.8.557 Crores. Rs.95 Touch very soon.
Tracked by: 0 Boarder
The Q1FY09 EPS is estimated to be Rs 5. Going forward,for the entire year, this company will manage to post Rs 20. Give a minimum multiple of 4 and target comes to Rs 80. The demand for ferrous alloys are continued to be strong from china....
Tracked by: 0 Boarder
Result - Near by Rs.22 to Rs.27 Crores Net Profit Against last year 1 st qua.Rs.5.386 Crores & Last qua. Rs.8.557 Crores. Rs.95 Touch very soon....
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