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Addressed to mylo, avishree, bagram, chief_kamani, karshin, gajabhau, guli, jashn24, sbalu, kano123, manju_berlin, mohankumar1000, pms.swastika, polavarapuad, pss5588, rudra_sinha, shapa, Varner, tara23, Bhola Sankar
Dear CaptAnil – It is not easy to give the estimates, we need to spend lot of time to study how many orders they are likely to execute in this quarters and how much revenue they are able cater.
The worth of this estimates report can decided only when the deviation of the actual numbers are below + or – 5%.
The real performance will come in the whole FY11. Hence, we need to wait for a while….
Advance cheers
To download the earnings estimates of concurrent infra’s Q4FY10: //ww(w).ziddu(.)com/download/9049024/ConcurrentInfra_Q4FY10E_beandmake.pdf.html
(Remove the two brackets)
with thanks
be and make
//stockstowin.blogspot.c0m
...
Addressed to amitsgreat, Dakshina murthy, ar_akm, Ashtrix, bagram, Be and Make, Bhavani27, bhusbhac, brawnym, chief_kamani, chokksin, nadhi, togu, dipakgod, googol, hindlevernet, hsnmf, patience, sbalu, KARUNAS, malini22, maximindia, micky59, mohankumar1000, novice1000, pandumanu, pitquote, marketman, passsion2excel, pranky, psgs, pss5588, NAUGHTY007, brainchild, radhika_nandlal, rajesh chhabria, nakul, rudra_sinha, rvk41, SAJIMON-PALAI, sauravsachin, subasu, sd3, bookworm, Option Analyst, silverseraph, sodhan, souravkundu, Barat, TrueCompanion, Varner, tara23, vkk43, vuppala1948, winwath, xyz_indian
dear boarders,
I am going out for 5 nights and four days fro m tonight. I will be earnestly missing you all.
Good night...
Addressed to Sunny_Chopra, KotakInvestment, mylo, bagram, Bhavani27, BullSheetRules, chief_kamani, coolboy007, earnmore, karshin, gandabaccha, gajabhau, guli, neeguya, hsnmf, patience, jashn24, sbalu, jiyyanshu, K.N.Pillai16968, kadiyali, kano123, Suresh27, manju_berlin, mohankumar1000, pms.swastika, polavarapuad, poorfellow, pss5588, rudra_sinha, shapa, sp.palo, Sriman35, supreet34, Varner, tara23, Bysani, Bhola Sankar, vivek.cdma, vkk43, tally
To get the complete report with the estimated numbers in pdf format please download in the below given link:
//ww(w).ziddu(.)com/download/9049024/ConcurrentInfra_Q4FY10E_beandmake.pdf.html
(Remove the two brackets)
with thanks
be and make
//stockstowin.blogspot.c0m
...
Addressed to amitsgreat, Dakshina murthy, ar_akm, Ashtrix, bagram, Be and Make, Bhavani27, bhusbhac, brawnym, Callahan, chief_kamani, chokksin, nadhi, togu, dipakgod, googol, hindlevernet, patience, sbalu, KARUNAS, malini22, maximindia, micky59, mohankumar1000, novice1000, marketman, passsion2excel, pranky, psgs, pss5588, NAUGHTY007, brainchild, radhika_nandlal, rajesh chhabria, nakul, rk2009, rudra_sinha, rvk41, SAJIMON-PALAI, sauravsachin, subasu, sd3, bookworm, Option Analyst, silverseraph, sodhan, souravkundu, Barat, TrueCompanion, Varner, tara23, vkk43, vuppala1948, xyz_indian
Road Minister Kamal Nath has embarked on the world’s most ambitious highway development plan. He will encounter several hair-pin bends on the way.
Developers and financiers say a razor sharp mind lies behind his often deadpan expression.
Nath has worked hard since he took over in June 2009. In eight months the National Highway Authority of India awarded projects worth Rs40000 crore. By the end of March , the figure could touch Rs 55000 crore. While it might fall short to the target of Rs 100,000 crore set for this year, it is by no means a mean achievement for a first year in office.
Government support to the sector is evident in the Rs 19894 crore provision that the finance minister has allocated in this budget for building roads. India Infrastructure Finance Company will also increase disbursements to Rs 20000 crore by 2011 to finance these projects.
Nath is spearheading the National Highway Development Programme that aims to build or upgrade 47000 kilometers of highways by 2015. The Biggest such plan opening up for investment anywhere in the world. The Minister has also set for himself a tough target: To build 20 km of roads every day. Naturally the industry from cement makers to road developers is salivating at the prospects of contracts that will be worth Rs 100,000 crore ($22 billion) each year.
Over 80% of the highway projects being executed by the NHAI are running behind scheduled and the state run organization is yet to complete shake off the lethargy of the past.
Big Challenges
A Getting equity
B Realising 20 km dream is the lack of capacity in the system to handle projects worth Rs 100,000 crore each year.
C Acquisition of Land for example Uttar Pradesh has not acquired land for a single NHAI project in recent years.
For Kamal Nath whose political base is in rural Madhya Pradesh, the value of road linkage is apparent. He was reminded of that at the Delhi Auto Expo in January as he ran into visitors from Chindwara, his Parliamentary constituency. They had all come to Delhi to check out the latest car models. A disposable income of one lakh may not mean much in Delhi but in rural areas, it means an SUV he says.
For their sake, Kamal Nath can not afford to fail.
Excerpts from India FORBES
...
Addressed to abyphilip, arg_s, nikz, ashalanshu, BearCartel, Bhavani27, bubbu64, Bull 2008, nadhi, day_trader, DONVITO, eshers, feltra, fibonacci1321, geniusjaggu, googol, hansal77, sai prashanth, hardybull, Oldtimer, JAGDISH GABA, sbalu, joetom, K.N.Pillai16968, Kalyanmitta, KFactor, pup, columbus, knair, lifaylon, m.f.whosane, mannish, micky59, nagu75, nightowl, nighttota, novice1000, osteoporous, pitquote, genghiskhan, pradesh, praneshg, pranesh, periwinkle, Ritesh_kg, nakul, RAMGE, Ramki, saccha22, sd3, souravkundu, sumit22gupta, supreet34, amarakbar, HobbesTheTiger, vkk43, goldchest, Abhay Kulkarni, Dakshina murthy, athina, bagram, Be and Make, bharat in delhi, bhusbhac, BullSheetRules, Callahan, capitalm, chief_kamani, CompletelyWrong, karshin, guli, jagishar, INOU, patience, jonas, kalpataru70, kumashish, man, mindnmoney, mohankumar1000, mukut, nkgambhir, panasonic, pandumanu, pkumar73, poorfellow, marketman, passsion2excel, pss5588, radhika_nandlal, roameri, rvk41, minku123, SAJIMON-PALAI, Sason, subasu, KotakInvestment, bookworm, skshare, tonyreb, BAnil, TrueCompanion, urfool, valuepick, Varner, tara23, vuppala1948, winwath, sam_pd, tally
BlackBhai, SamBhai , PatienceBhai & the gang of MMB, :)
Ek cheez humesha yaad rakho ki Jab Pranky prediction karta hain toh woh EK RAM-BAN ki tarah seedhein nishaane par hee lagta hain......
Maine keh diya , Bas keh diya... it *HAS* to come true..... Now this way I think my 2011 mkt-prediction wud also prove rito...... Euphoria , EUPHORIA & EUPHORIA around mid-2011..... Bulls MUST hold on to their HORSES & then fire full-cylinders up...... :)
BTW ..... I guess it is one of the HIGHEST SCORES of IPL & EVEN in any T20 games it must be the 2nd or 3rd HIGHEST ever total & who else have done that:-- THE THE THEEEEEEE MUMBAI INDIANS...... Yessssss..!!!!!!
....
Addressed to amitsgreat, Dakshina murthy, ar_akm, Ashtrix, bagram, Be and Make, Bhavani27, bhusbhac, brawnym, Callahan, chief_kamani, chokksin, nadhi, togu, googol, hindlevernet, hsnmf, sbalu, malini22, micky59, mohankumar1000, novice1000, pitquote, marketman, passsion2excel, pranky, psgs, pss5588, NAUGHTY007, radhika_nandlal, rajesh chhabria, nakul, rk2009, SAJIMON-PALAI, subasu, sd3, bookworm, sodhan, Barat, Varner, tara23, vkk43, vuppala1948, xyz_indian
Key Investment Debates
MORGAN STANLEY
• Macro forecast: Politics are in good shape, in our view, and we believe this should allow reasonable policy momentum. The government is already moving forward with significant tax reforms, and we expect infrastructure spending to pick up pace in the coming 12 months, especially in electricity and roads. We forecast GDP growth of 6.7% and 8% in F2010 and F2011, respectively, ahead of consensus. More important, for the market, industrial growth is likely to accelerate over the coming 12 months. The acceleration in industrial growth is likely to close the output gap faster than current consensus expectations. Supply-side factors, including the availability of capital and its cost, favor a trough in capex and a recovery in the coming 12 months. We don’t believe this is yet in the price.
• Earnings growth: We are now looking for 15% and 23% growth for the BSE Sensex constituents on aggregate in F2010 and 2011, respectively, compared consensus figures of 4% and 22%. Revenue growth seems to have bottomed, in line with our view that industrial growth is likely to accelerate in the coming months. The strength of the recovery could have upside in excess of our forecasts, depending on the execution of policy reforms. The corporate sector seems to have cut costs, and thus margins have improved sharply. The macro environment (i.e., higher consumer price inflation vs. wholesale price inflation after adjusting for food prices) favors a robust rebound in margins in the coming four quarters. We thing these three factors set the scene for strong earnings growth over the next 12 months. It is quite likely that broad market earnings growth will accelerate faster than the narrow market, as we saw in the previous cycle. We expect broad market earning growth to average 20% and 25% in F2010 and F2011, respectively.
• Valuations: The market’s valuations do not currently appear attractive to us, although neither are they stretched. However, the prospects of earnings upgrades means that valuations could, in hindsight, turn out to be attractive. On our top-down estimates, the Sensex is trading at 17.5xand 14xF2010 and F2011 earnings, respectively. The 12months trailing P/E for the MSCI Index is at 30% premium to the emerging market multiple .At a 10-year bond yield of 7.6%, investors are realizing a risk premium at 6.4% which suggests that the market is attractive for long-term returns. However, at the margin, long bonds appear interesting especially from an ownership, supply, and valuation perspective. Returns from long bonds are likely to be constrained by rising domestic short yields, however, and, our-of-the-consensus view on US long bond yields. We think equities offer better returns than bonds.
• Ownership, equity supply, and liquidity: FII ownership is coming off a 51/2 -year low. Rising equity supply could cause a problem for the market if it gets bunched up, as we saw recently. Excess liquidity in the system is likely to reduce as growth gains pace. Market behavior in the previous two tightening cycles has been mixed, and hence is inconclusive.
• Sentiment: The market can no longer rely on depressed sentiment as a guide to better returns, in our view. Sentiment is mixed and suggests reluctant participation best illustrated by the neutral position of our proprietary market timing indicator. Some components of our proprietary composite sentiment indicator, notably momentum metrics and volatility measures, suggest that the market could sell off. We think market participants should keep an eye on breadth and trading turnover.
...
Addressed to amitsgreat, Dakshina murthy, ar_akm, Ashtrix, bagram, Be and Make, Bhavani27, bhusbhac, brawnym, Callahan, chief_kamani, chokksin, nadhi, togu, dipakgod, googol, hsnmf, patience, sbalu, KARUNAS, malini22, maximindia, micky59, mohankumar1000, netdo, novice1000, pandumanu, pitquote, marketman, passsion2excel, pss5588, NAUGHTY007, brainchild, radhika_nandlal, rajesh chhabria, nakul, rk2009, rudra_sinha, rvk41, SAJIMON-PALAI, sauravsachin, subasu, sd3, bookworm, Option Analyst, silverseraph, sodhan, souravkundu, Barat, TrueCompanion, tara23, vkk43, vuppala1948, winwath, xyz_indian
Morgan Stanley
January 2010
MACRO; ACCELERATION IN REFORMS TO ENHANCE THE SCOPE OF RECOVERY
1 Moving to the A in POTA cycle: Every major policy/regulatory change in India must go through a one to three-year cycle of POTA (Proposition, opposition, Treaty-Consensus and Action) This evident in a number of policy changes implemented in the last few years
2 The good news- many key reforms are moving towards the Action phase: The most prominent measures likely to see action in F2011 are
*The Goods and Services Tax system: Transition to GST will be important milestone from a Macro perspective. While the government had earlier announced its intention to implement it as of April 2010, it appears that it will most likely implemented as of October 1,2010
** Consolidation of the public sector deficit: The Government is expected to take the first step towards reducing the deficit to more sustainable levels in the February 2010 budget. The recent report of the 13 th finance commission will be a good guide for the government to move on this correction path. The Govt will be cutting expenditure to GDP by 1ppin F 2011. A simultaneous increase in tax to GDP should help cut the combined deficit to 9.2% of GDP in F 2011 from 10.7% of GDP in F 2010. Further reduction in the deficit to 7.7% of GDP in F 2012 will take place.
***Meaningful steps towards divestment of the government stake in SOE’s: There will be significant pickup in the government’s divestment from March-April 2010. In 2011 the government could collect US$ 10 billion from divestments.
**** Acceleration in infrastructure spending, particularly in road: After steadily rising to 5.7% of GDP in F 2008 from the trough of 3.7% in F 2005, infrastructure spending has been stagnant over the last two years. We expect infrastructure spending to start rising again in F2011. We expect infrastructure spending rise to 7.7% in F2013 from and estimated 6.1% of GDP in 2010.
***** Direct Tax Reforms: The ministry of finance has already put out a draft of new code for direct taxation.
...
Rohit Ferro Tec
Posted by :  sbalu
Date :19th Mar, 2010 - 22:48
BSE: Rs 39.35 ( -0.13 % ), NSE: Rs. 39.35 ( 0.13 % )
Dear Market Viewer,
Around 300Kg of Ferro Chrome is required for the production of 1MT of Stainless steel.
Rohit`s operational capacity will be 3,30,000MT of Ferro Alloys by 2010-2011 and Sales will be Rs2000Cr.If they are able to sustain a price of Rs70,000/MT for High Carbon Ferro Chrome,PAT will boost like anything and CMP will forge ahead..!
Q4 &5 can`t be answered now..!
I feel rights may be at moderate premium.
With thanks,
-sbalu...
Hello,
It should touch 21 Paisa to enable you to buy and on your buying it should go on continuous UCs....Great mind..!
With thanks,
-sbalu...
Bonus shares have been credited...!
With thanks,
-sbalu...
Roman Tarmat
Posted by : sbalu
Date :9th Mar, 2010 - 20:52
BSE: Rs 50.00 ( 0.30 % ), NSE: Rs. 50.05 ( 1.83 % )
Dear mukut,
I`m extremely SORRY....You`re right...Only Vipul Ltd has 425 acres of land at Gurgaon...Sorry again...!
RT should do well considering the low equity and manipulated performance...Let`s see sportively..!
With thanks,
-sbalu...
Roman Tarmat
Posted by : sbalu
Date :8th Mar, 2010 - 22:16
BSE: Rs 49.85 ( 2.78 % ), NSE: Rs. 49.15 ( 1.24 % )
mukut,
Have you seen what happened today..?
We cannot expect fruits immediately on seeding....Similarly mind that the Indian Companies are not run by Mahatmas...We can pinpoint lots of mistakes...!
Tell me : If RT sells out some acres of land out of 425 acres they own in Gurgaon and take over a profitable business, do you think where RT will be for its small Equity..?
Nothing can stop the success of RT in the long run...!
With thanks,
-sbalu...
Roman Tarmat
Posted by : sbalu
Date :6th Mar, 2010 - 21:06
BSE: Rs 48.50 ( 3.97 % ), NSE: Rs. 48.55 ( 4.63 % )
mukut,
You need not post anything...we know how to survive..!
With thanks,
-sbalu...
Roman Tarmat
Posted by : sbalu
Date :5th Mar, 2010 - 20:44
BSE: Rs 48.50 ( 3.97 % ), NSE: Rs. 48.55 ( 4.63 % )
mukut,
Indian Corporates know how to jam the radars....No use, man....Don`t think too much of yourself....What sort of complaints can be lodged against RT Mgt..?
Please list down...!
With thanks,
-sbalu...
I sold out a part of my holding in Rohit at decent profit and added TTSL additionally...This need not be construed as a BUY Call by anybody..!
With thanks,
-sbalu...
Madhucon is hovering around Rs160 for the past few days...It clearly spells that the stock is bound to go up..!
With thanks,
-sbalu...
Hello King,
Press the `Submit`button one lakh times...You`ll be chosen for National Award by CNBC...Have you gone mad..?
With thanks,
-sbalu...
Saving is sin, spending is Virtue!
Interesting article written by an Indian Economist
Japanese save a lot. They do not spend much. Also Japan exports far more
than it imports. Has an annual trade surplus of over 100 billions. Yet
Japanese economy is considered weak, even collapsing.
Americans spend, save little. Also US imports more than it exports. Has an
annual trade deficit of over $400 billion. Yet, the American economy is
considered strong and trusted to get stronger.
But where from do Americans get money to spend?
They borrow from Japan, China and even India.
Virtually others save for the US to spend. Global savings are mostly
invested in US, in dollars.
India itself keeps its foreign currency assets of over $50 billions in US
securities. China has sunk over $160 billion in US securities. Japan`s
stakes in US securities is in trillions.
Result:
The US has taken over $5 trillion from the world. So, as the world saves for
the US, Americans spend freely. Today, to keep the US consumption going,
that is for the US economy to work, other countries have to remit $180
billion every quarter, which is $2 billion a day, to the US!
A Chinese economist asked a neat question. Who has invested more, US in
China, or China in US? The US has invested in China less than half of what
China has invested in US.
The same is the case with India. We have invested in US over $50 billion.
But the US has invested less than $20 billion in India.
Why the world is after US?
The secret lies in the American spending, that they hardly save. In fact
they use their credit cards to spend their future income. That the US spends
is what makes it attractive to export to the US. So US imports more than
what it exports year after year.
The result:
The world is dependent on US consumption for its growth. By its deepening
culture of consumption, the US has habituated the world to feed on US
consumption. But as the US needs money to finance its consumption, the world
provides the money.
It`s like a shopkeeper providing the money to a customer so that the
customer keeps buying from the shop. If the customer will not buy, the shop
won`t have business, unless the shopkeeper funds him. The US is like the
lucky customer. And the world is like the helpless shopkeeper financier.
Who is America`s biggest shopkeeper financier? Japan of course. Yet
it`s
Japan which is regarded as weak. Modern economists complain that Japanese do
not spend, so they do not grow. To force the Japanese to spend, the Japanese
government exerted itself, reduced the savings rates, even charged the
savers.
Even then the Japanese did not spend (habits don`t change, even with taxes,
do they?). Their traditional postal savings alone is over $1.2 trillions,
about three times the Indian GDP. Thus, savings, far from being the strength
of Japan, has become its pain.
Hence, what is the lesson?
That is, a nation cannot grow unless the people spend, not save. Not just
spend, but borrow and spend.
Dr. Jagdish Bhagwati, the famous Indian-born economist in the US, told
Manmohan Singh that Indians wastefully save. Ask them to spend, on imported
cars and, seriously, even on cosmetics! This will put India on a growth
curve. This is one of the reason for MNC`s coming down to India, seeing the
consumer spending.
`Saving is sin, and spending is virtue.`
But before you follow this neo economics, get some fools to save so that you
can borrow from them and spend!!!
(Received from e-mail circuit)
With thanks,
-sbalu
...
KaNNaa..!Prabhanjaththin Mannaa...!
Engalukkaaga Nee Irangaavidinum
Ilayanilaa vanajaavirkkaaga Irangi
Karunaimazhai Pozhivaay KaNNaa..!
Bakthai Bhavani Udanae Aada Vendum
Paada Vendum Endru Naangal Ketkavillai..!
Vaniyin thaayaaga Bhavani Kadamaiyaatra
Sarathy Nee Arulavendum Endruthaan Ketkirom..!
With thanks,
-sbalu...
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