Stocks

Potential to become a Dark Horse - ITL Industries/

ITL Industries

Posted by : valuepick
Price when posted : BSE: Rs 38.00 ( 4.40 % )

View full thread (1 messages)

Tracked by: 0 Boarder

ITL Industries (BSE CODE 522183) is a small but rapidly growing company from Industrial Machinery sector. In addition to its sales points across India, it has representative sales offices in US and Germany. Company started its operations in 1986. In 1996 company entered a technical coll.agreement with KASTO Maschinenfabrik GmbH Germany for manufacturing state-of-the-art High Speed Power Hacksawing Machines in India, with a buy back arrangement.Its product list includes Band Saw Machine, Circular sawing Machine,Tube and Pipe making machine,Blades,special purpose machines ..etc.
In the year 2004, ITL introduced India’s first indigenously designed and developed CNC Carbide Tip Circular Sawing Machine and displayed the same in EMO Show at Hannover, Germany in September 2005 & 2007 with very good global response. Today ITL offers wide range of Circular Sawing Machine for cutting ferrous and non-ferrous Bars, Sections, Profiles and Tubes. In a growing economy like India, there is large scope for company`s products.
ITL is located at Plot of approx. 4 Acres having covered area of about 108,000 square feet and additional land available for shed expansion approx. 44,000 square feet. To cater overseas requirements ITL has acquired additional land in Special Economic Zone and expects to start production by end of 2009. Company`s Customers include Steel Plants, Forging Industries, Defense Establishments, Railways Workshops, Bharat Heavy Electrical Units, Steel Tube Plants, Research Organizations like BARC, NFC, DMRL, ISRO, MIDHANI and HINDALCO etc.
On a tiny equity base of just 3.25 crore ITL is expected to post an EPS of Rs. 9 + in the current fiscal. In the first half itself ITL posted an EPS of Rs.4.35 which is higher than the last full year EPS of Rs.3.64.It also declared a dividend of 10%. Considering the growth of the company there is fair chances for good appreciation. ITL is trading at Rs.38 which is at a P/E multiple of just 4 to the expected EPS of current year which is really a valuepick.
...

TARGET 80

Lanco Industrie

Posted by : vasista
Price when posted : BSE: Rs 41.70 ( 1.46 % ), NSE: Rs. 41.75 ( 1.95 % )

View full thread (3 messages)

Tracked by: 0 Boarder

you are right.with the demand for its product increasing due to the pick-up in construction activity,the stock should do well as it belongs to Electrosteel mgt.which is very strong....

In reply to:

TARGET 80

Posted by : RVSP

the HFFY10 eps is 6 full year even if the company is able to deliver EPS of 10 and giving P/E of 8 stock will reach 80 levesl. The stock is consolidating at 40 levels for last 3 months so big upside of 30-40 % is due so hold or even addd keep buying...................

TARGET 80

Lanco Industrie

Posted by : vasista
Price when posted : BSE: Rs 41.70 ( 1.46 % ), NSE: Rs. 41.75 ( 1.95 % )

View full thread (3 messages)

Tracked by: 0 Boarder

you are right.with the demand for its product increasing due to the pick-up in construction activity,the stock should do well as it belongs to Electrosteel mgt.which is very strong....

In reply to:

TARGET 80

Posted by : RVSP

the HFFY10 eps is 6 full year even if the company is able to deliver EPS of 10 and giving P/E of 8 stock will reach 80 levesl. The stock is consolidating at 40 levels for last 3 months so big upside of 30-40 % is due so hold or even addd keep buying...................

had 375 RPL and now 23 RIL.. no money for rest RPL shares.. ny idea??

Reliance

Posted by : bhusbhac
Price when posted : BSE: Rs 2195.50 ( 3.31 % ), NSE: Rs. 2194.95 ( 3.37 % )

View full thread (5 messages)

Tracked by: 0 Boarder

Since 1/16 will invariably result into a fraction unless you hold 16 multiples this will be the case with almost all RPL shareholders. However larger your holdings the loss would have been insignificant....

In reply to:

had 375 RPL and now 23 RIL.. no money for rest RPL shares.. ny idea??

Posted by : bhusbhac

So you have lost 0.44 of shares = Rs 890 at CMP in an investment of around Rs 50,600 however I suppose from the example I have given that it is als perhaps based on SEBI guidelines.

Anyway please do write to RIL as i have seen many invbestors have done so already but I don`t know thier reply.

Bharti airtel near term range could be 180-270....

Bharti Airtel

Posted by : shweta6375
Price when posted : BSE: Rs 275.80 ( -4.48 % ), NSE: Rs. 275.25 ( -4.68 % )

View full thread (33 messages)

Tracked by: 0 Boarder

What downside levels do u think bharti can go. Since we are already invested at very high levels(400+) and booking loss at this point will not be a good idea. So we have to average somewhere at down levels, i can hold for 1.5 years now....

In reply to:

Bharti airtel near term range could be 180-270....

Posted by : maximindia

pl note u compare airline price war and telco price war.It is exactly same so compare airline shares with Telco shares and not with banks or autos In auto or banks there was no price wars.Thats y v all hv to watch dec results which wl show d damage done to all by price war.

Why big holders are selling ?

Indiabulls Sec

Posted by : comatose
Price when posted : BSE: Rs 36.90 ( -0.54 % ), NSE: Rs. 36.85 ( -0.81 % )

View full thread (1 messages)

Tracked by: 0 Boarder

Srivatsa Krishna in Livemint, 8.11.09

One of my fondest memories at Harvard Business School was being cold-called in the Finance, Accounting and Control class, which left me in a cold sweat, partly because I had, of course, not read the case, and partly because I did not know till then that most things that matter in a balance sheet often lie hidden in the footnotes.

Indiabulls Securities Ltd (IBSEC) and Indiabulls Financial Services Ltd (IBFSL)’s March 2009 reported financials made us hold our breath and read through financials again.


Note 2 to consolidated accounts for IBSEC says—“During the quarter ended March 31, 2009, one of the wholly owned subsidiary of the company has incurred/provided for losses on dealing in securities which has resulted in losses amounting to Rs15,345.04 lakh for the year. This amount has been fully charged off to the profit and loss account and is stated under administrative and other expenses above. Consequently, the holding company has written off loans amounting to Rs18,093 lakh, which were recoverable from this subsidiary in its stand-alone financial statements.”
The following questions arise:

• IBSEC is in the business of retail stock broking. It has never told the market that it or any of its subsidiaries also does proprietary dealings in securities. Has it in the past made profits this way and showed that as normal broking profits?

• How could they make a loss of Rs153.45 crore in the fourth quarter alone?

As of March 2008, the consolidated net worth of IBSEC was Rs370 crore. Net fixed asset was Rs110 crore. The three subsidiaries as of March 08 were (i) Indiabulls Commodities Pvt. Ltd (ii) India Ethanol and Sugar Ltd; and (iii) Devata Tradelink Ltd. During the first three quarters of FY2009, IBSEC made a profit of Rs100 crore. That means the consolidated net worth of IBSEC, as on 1 January, 2009, was approximately Rs470 crore.

From Srivatsa Krishna’s earlier column

Indian markets were largely falling since February 2008. Why would the loss happen only in the March quarter of 2009? The market low/high in March 2009 quarter was within a 25% band. If the subsidiary incurred Rs153.45 crore loss and assuming it bought at peak and sold at bottom, was the subsidiary’s total portfolio upwards of Rs600 crore? How did the subsidiary have an equity portfolio of Rs600 crore if the consolidated net worth of IBSEC was Rs470 crore at the beginning of January 2009? Unless the subsidiary was borrowing heavily (roughly three of debt for every one of equity) and engaging in highly leveraged prop trading, or speculating purely in the futures and options market, the loss isn’t explainable.

We are still scratching our heads! What business was IBSEC in—retail broking or proprietary trading? How could they run such a huge portfolio compared with their net worth? Or is there more to it? We leave it to the reader to draw conclusions, but we hope that investors and regulators (IBSEC would come under the purview of both Securities and Exchange Board of India and Reserve Bank of India) take a closer look at this, if they have not done so already.

Srivatsa Krishna is a Harvard MBA and an Indian Administrative Service officer. He writes weekly on business, government, infrastructure and entrepreneurship. The views expressed here are his own.


...

had 375 RPL and now 23 RIL.. no money for rest RPL shares.. ny idea??

Reliance

Posted by : bhusbhac
Price when posted : BSE: Rs 2195.50 ( 3.31 % ), NSE: Rs. 2194.95 ( 3.37 % )

View full thread (5 messages)

Tracked by: 0 Boarder

So you have lost 0.44 of shares = Rs 890 at CMP in an investment of around Rs 50,600 however I suppose from the example I have given that it is als perhaps based on SEBI guidelines.

Anyway please do write to RIL as i have seen many invbestors have done so already but I don`t know thier reply....

In reply to:

had 375 RPL and now 23 RIL.. no money for rest RPL shares.. ny idea??

Posted by : bhusbhac

Guest - I have been making a search and it does seem that fractions will be ignored. In CHEVIOT AND COMPANY there was this following resolution:

To consider and, if thought fit, to pass with or without modification(s), the following resolutions as an ORDINARY
RESOLUTION :
“RESOLVED THAT in accordance with the relevant provisions of the Memorandum and Articles of Association of the
Company and recommendation of the Board of Directors, and subject to the guidelines issued by the Securities and
Exchange Board of India and such approvals as may be required in this regard, consent of the Members be and is hereby
accorded to the Board of Directors of the Company (hereinafter referred to as the Board), for capitalization of
Rs. 1,50,37,500/- standing to the credit of the General Reserves of the Company for the purpose of issue of 15,03,750
Bonus Shares of Rs. 10/- each, credited as fully paid up ordinary shares to the holders of the existing ordinary shares of
the Company, whose names shall appear in the Register of Members, on such date as may be fixed in this regard by the
Board of Directors, in the proportion of one new ordinary share for every two existing ordinary shares (ignoring fractions)
held by them on the following terms and conditions :

So 1/16 of RIL is Rs 150 per share so you might lose Rs 1 to Rs 149 in each tranche of shares held by you since the fractions are ignored and not rounded off.

For the company this fraction means less than Rs 1/-.

Anyway you might write to RIL and get your final clarification.

Volumes picking up

PNB Gilts

Posted by : gpraj_gundlapal
Price when posted : BSE: Rs 30.25 ( 1.17 % ), NSE: Rs. 30.40 ( 1.67 % )

View full thread (7 messages)

Tracked by: 1 Boarder

Hope that you have not studied the details of portfolio of Nahar Capital as revealed in their recent balance sheet received by me very recently. Its capital is very small to the extent of about 8 crs and they have earned quarterly profit of 8.2crs giving an eps of 10+ and have a book value of 242 with cheap price of 57 giving a very low pe. of less than 5 and having a portfolio consisting of all blue chip cos. like sbi; pnb; pnbguilts; reliance group shares; l&T which have appreciated very much after march i.e. post UPA Manmohn Singh thumpting victory in elections. Ofcourse they have not yet rewarded sharesholders i.e. in a way of conservative approach which helped us in accumulating reserves upto 242 crs BOOK VALUE which is always available for distribution by way of bonus or handsome interim dividend etc. Enjoy grabbing this share...

In reply to:

Volumes picking up

Posted by : smartakka

I was holding a Nahar group share(textiles) which was later on split and was not satisfied by their rewards to share holders

Suzlon Future in Five Years

Suzlon Energy

Posted by : rpg70
Price when posted : BSE: Rs 72.60 ( -0.55 % ), NSE: Rs. 72.65 ( -0.48 % )

View full thread (3 messages)

Tracked by: 0 Boarder

Cost of power through wind energy is 7 cents (Rs 3.4) per Kilowatt hr while with conventional sources is 8 cents (Rs 3.84) per Kilowatt hr in US. So US shall really go for wind power. Moreover worldwide maufacturers are moving towards gearless turbines so HAnsen sale is good for Suzlon (Source Scientific American India)...

In reply to:

Suzlon Future in Five Years

Posted by : Guest

fully agreed there is great future in this compony. All big Public Sector bank like SBI,BOI and many foreign and Indian Private sector banks like Axis Bank, Barclays Bank has exteneded loans to Suzlon recently. It means they see future in Suzlon. Indian Govt will extend some new incentives to the Wind Energy sector soon which will be a great positive and before March 31,2009 it will touch all time highs again. All these troubles of debt will be over in a quater or so.
Thanks for guidance

DLF tgt

DLF

Posted by : rj1980
Price when posted : BSE: Rs 372.15 ( -0.69 % ), NSE: Rs. 372.10 ( -0.79 % )

View full thread (2 messages)

Tracked by: 0 Boarder

Dear Mr. Bullish,

I am not able to understand how to interact with you on MRBULLISHdotIN.

Pls guide me .

warm regards,

Rachit...

In reply to:

DLF tgt

Posted by : mr bullish

DLF has tgt T1-390/-,T2-403/- and T2-420 this week only with SL of 367/-

Where is Mr. Ram Bhole

Cals Refineries

Posted by : Raja Bahadur
Price when posted : BSE: Rs 0.53 ( -3.64 % )

View full thread (14 messages)

Tracked by: 1 Boarder

Addressed to  RamBhole

Dear Sir,

Cant agree more with you. For a counter like Cals, person should decide in yes/no. Once decided, keep it in kitty for 5-8 yrs.

Regards,

Raja Bahadur...

In reply to:

Where is Mr. Ram Bhole

Posted by : RamBhole

dear dipak,

thanks for your words... HFCL... yes, I was writing +ve views on HFCL... reality was really different... it went from 19 to 50+ level... whether you ripe that benefit or not... that`s a different matter... for me in share market... there is nothing like bad or good counter... it`s timing...

I don`t mind what you and other people are commenting on me... after all nobody wants to loose money in this market...

YES, I AM A PROUD SHARE HOLDER OF CALS REFINERY... AND SHALL CONTINUE TO BE THE SAME FOR NEXT 5yrs...

I STOP WRITING ON THIS BOARD, NOT BECAUSE I SOLD MY HOLDINGs... BUT BECAUSE THERE IS NOTHING NEW TO WRITE... WHAT IS THE USE OF TRACKING CALS REGULARLY... we have made our decision... let us see...

Regards,
RAM

Bharti airtel near term range could be 180-270....

Bharti Airtel

Posted by : maximindia
Price when posted : BSE: Rs 275.80 ( -4.48 % ), NSE: Rs. 275.25 ( -4.68 % )

View full thread (33 messages)

Tracked by: 0 Boarder

pl note u compare airline price war and telco price war.It is exactly same so compare airline shares with Telco shares and not with banks or autos In auto or banks there was no price wars.Thats y v all hv to watch dec results which wl show d damage done to all by price war....

In reply to:

Bharti airtel near term range could be 180-270....

Posted by : vikrant.address

no you can compare not in prospect to price war but in something different scenario.you have watched that the impact of recession is most in auto sector at that time and no body has said that it will suddenly improve its possition much faster then any other sector.even tata motors was in huge loss then every body told that it will not rise before two yrs or three here but just after 10-111 months you can see the high of tata motors.similarly is here. off course price war is so intensify but every sector has its own type of competition it dosn`t mean that this will impact in long term.i think in our banking sector is too most competitive sector but you can see how companies are managing this.

had 375 RPL and now 23 RIL.. no money for rest RPL shares.. ny idea??

Reliance

Posted by : bhusbhac
Price when posted : BSE: Rs 2195.50 ( 3.31 % ), NSE: Rs. 2194.95 ( 3.37 % )

View full thread (5 messages)

Tracked by: 0 Boarder

Guest - I have been making a search and it does seem that fractions will be ignored. In CHEVIOT AND COMPANY there was this following resolution:

To consider and, if thought fit, to pass with or without modification(s), the following resolutions as an ORDINARY
RESOLUTION :
“RESOLVED THAT in accordance with the relevant provisions of the Memorandum and Articles of Association of the
Company and recommendation of the Board of Directors, and subject to the guidelines issued by the Securities and
Exchange Board of India and such approvals as may be required in this regard, consent of the Members be and is hereby
accorded to the Board of Directors of the Company (hereinafter referred to as the Board), for capitalization of
Rs. 1,50,37,500/- standing to the credit of the General Reserves of the Company for the purpose of issue of 15,03,750
Bonus Shares of Rs. 10/- each, credited as fully paid up ordinary shares to the holders of the existing ordinary shares of
the Company, whose names shall appear in the Register of Members, on such date as may be fixed in this regard by the
Board of Directors, in the proportion of one new ordinary share for every two existing ordinary shares (ignoring fractions)
held by them on the following terms and conditions :

So 1/16 of RIL is Rs 150 per share so you might lose Rs 1 to Rs 149 in each tranche of shares held by you since the fractions are ignored and not rounded off.

For the company this fraction means less than Rs 1/-.

Anyway you might write to RIL and get your final clarification....

In reply to:

had 375 RPL and now 23 RIL.. no money for rest RPL shares.. ny idea??

Posted by : bhusbhac

Guest - I think you should write to Reliance about how fractions are dealt with. Someone on this board had given the solution.

As such the face value and paid up value of all shares are Rs 10 per share. Company does not have to pay back any amount based on market valauations however there must be another system.

I HAVE INVESTED

Vulcan Engineer

Posted by : ZeeNut
Price when posted : BSE: Rs 27.40 ( 4.98 % )

View full thread (8 messages)

Tracked by: 0 Boarder

Terruzzi Fercalx is a small sized company itself (equity 8.21 Cr in Rupee terms).
However it is a company with niche products (lime plants , food technologies, autoclaves for various industries such as aerospace & glass, etc) which have good potential worldwide. It sees a big market in India, particularly from the PSU`s and hence it has taken over Vulcan Engineers which it has symergies with.
It appears that the Terruzzi management is determined to grow bigtime, and is looking for even more acquisitions worldwide. This augers well for Vulcan Engineers....

In reply to:

I HAVE INVESTED

Posted by : valuepick

Hi ZeeNut/Chartguru

Any idea about the financials of Terruzzi Fercalx ?

Many Investors trapped due to me. SORRY!

Teledata Info

Posted by : bababull
Price when posted : BSE: Rs 6.09 ( -3.94 % )

View full thread (1 messages)

Tracked by: 0 Boarder

I am extremely sorry that many investors were trapped in this dud stock teledata due to my bullish messages few years back. God will never forgive me. In fact im in the same boat. The situation looks hopeless now it seems. The investment is gone. Finito. Time to look forward. Paddy`s a fraudster, Teledata a silverline and we, victims of a scam in a poorly regulated financial market controlled by snoring SEBI and sleeping stock exchanges. Well the co was giving many indications of fraud like 100% promoter holding pledged, expulsion from NSE, director-j capoor refusing to join, auditors resigning, promoters dumping stock 9% in open mkt & then not disclosing it to stock exchanges, not sending annual report/notices, old directors - bhatta filing court cases against promoters/co, QoQ financial results getting worse, fiis/gdr holders exiting the scrip, financial chronicle and blogsites exposure of teledata esys fraud, demerged co ttsl itself quoting in single digits like the parent teledata, co having trouble paying its bank dues, poor ICRA rating of its debt, customers invoking bank guarantees due to non-performance of contracts, co having difficulty in getting certificates from its own subsidiaries, etc. Despite all this if one is still invested then he is to blame himself. ...