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IFCI
IFCI- Where it will reach from here?????
Posted by :
Leave it.Tracked by: 0 Boarder
To rajatilak
Pl.don\\`t sell now. Though I expect the price to come down to rs.40 level shortly,Don\\`t think to sell now and catch later.
There will be big change in the market prices when the ifci is to be signalled to get a merger or face saving measure in the banking act amendment bill,shortly expected to come before the cabinet. There will be a good opportunity to get your money back. Patience and hope are the only remedy required for you now. I request you tobe calm and wish you all the best.
With regards,
V.Krishnamoorthy...
In reply to:
IFCI- Where it will reach from here?????
Posted by :
rajatilak
I have invested in 1500 ifci shares brought @ avg purchase of around 92, holding it nearly 9 month....i had a hope when it crosed 50..but now agin it started falling..i dont have fund to purchasing and do averaging.
Pls sugest me wht should i do?
should i come out or stay on?
i Can try hold it till dec 08..wht would be its target for dec 2008?.
New IFCI Target 22 if crude crosses 0
Posted by : psgsTracked by: 0 Boarder
hi blackshitr12 bhai,
don't believe this monkey called money jb. he is misleading others.
listen to me. exit ifci now. it will touch my 45,35,25,15 and will swing back in the umbrella to 55,65,75,85 and then touch my final target of 88. don't dream about 100 and become a foolish dreamer. exit the stock now and re-enter later when i prompt you. ok. this is a secret between me and you. OK. :)
swamy.
...
In reply to:
New IFCI Target 22 if crude crosses 0
Posted by : blackshirt12
Hi MoneyJB,
With the return of swamiji, do you think that IFCI will again start moving towards 100????
Ha...ha...ha...ha...ROFL...
New IFCI Target 22 if crude crosses 0
Posted by : psgsTracked by: 0 Boarder
hi rmaki bhai,
don't believe this shameless Moneyjb.
i had given a target of 88. he is misleading the ifci board.
it will touch 55, 65, 75, 85, after touching 45, 35, 25, 15 in this crash. it is like umbrella. plot these points on the chart and you will
get a beautiful umbrella. so ifci is in a range. don't wait for 100 on this junk stock. you will never see 100 again in the short term. may 88 is the target which will be achieved. have faith and remain invested in this stock till it proves its real inside true worth :)
swamy....
In reply to:
New IFCI Target 22 if crude crosses 0
Posted by : Ramki
Hey MoneyJB......Do u mean to say that psgs is waiting for IFCI to touch single digit figure so that he can buy huge quantities?????If that is true no wonder he is living in fools paradise.............ROFL
New IFCI Target 22 if crude crosses 0
Posted by : psgsTracked by: 0 Boarder
huh....and you go behind others' tails. haaaaaaaaaaa...
thats the only difference :) lol.
swamy.
...
In reply to:
New IFCI Target 22 if crude crosses 0
Posted by : MoneyJB
Hey lifaylon :)
quote........
Its time he learns a BIT more and gain experience before playing GOD at IFCI LOL
unquote.........
WRT phalver the phaltu ;) most often such boarders playing GOD in actual fact turn out to be DOG instead ;) lol ;) so it is quite OK for them to come & BARK now & then on this board, eventually what we notice them doing :) just like our swamy psgs does is chase their own tails in circles expecting that ifci will come back to 8 levels in their lalaland :)
Cheers & goodluck
MoneyJB
IFCI- Where it will reach from here?????
Posted by : rajatilakTracked by: 0 Boarder
I have invested in 1500 ifci shares brought @ avg purchase of around 92, holding it nearly 9 month....i had a hope when it crosed 50..but now agin it started falling..i dont have fund to purchasing and do averaging.
Pls sugest me wht should i do?
should i come out or stay on?
i Can try hold it till dec 08..wht would be its target for dec 2008?.
...
What should I do
Posted by : harishkrsharmaTracked by: 2 Boarders
since market is week IFCI may touch 40-42 level. Buy only 500 shares at that level Do not get scared at all .......but you must sell the same around 50-52. ( Strict dicipline is required ) MUST SELL REMEMBER those 500 shares.
After that wait for 62-64 level to sell your 2nd purchase of 1000 shares and once you see the price of 62-64 you must sell the same.
Again wait for the price beyond our first purchase of 72 but you must sell your first purchase around 82-85. I can bet on this strategy and you will gain beautifully.
Stake sale is only once the GOI decide the future of OCDs withheld with them and secondly LIC stake would be aligned by shareholders on 12th of september.
Those two are the key factor thereafter announcing stake sale is a formality.
harish sharma...
In reply to:
What should I do
Posted by : Ashok Chawla
Dear Mr Harish
Thanks a lot for your valuable suggestion.
Is there any fruitful news about stake selling in near future?
If there is then it may break all the resistance levels.
Ashok Chawla
IFCI - Fair Value
Posted by : mny_mattersTracked by: 0 Boarder
hi
whats the fair value of the IFCI?
1. Core Business
2. Stake in listed and unlisted companies - NSE and others
3. land bank
i have seen lot of postings on the followig parameters. Can someone whos tracking the counter from long time cound explain the valuation of the counter.
anytime is great traders counter
...
IFCI may be very cheap today.
Posted by : mny_mattersTracked by: 0 Boarder
as u wrote the IFCI has seen significant cut today and is drifting further down.
whats the best price to accumulate ifci. anytime its traders fav but whats the fair value of the stock...
In reply to:
IFCI may be very cheap today.
Posted by : Leave it.
U.S. stocks fell on Wednesday, as persistent concerns about the credit crisis hurt bank shares while a rebound in oil prices and weak outlooks at some retailers raised anxieties about consumer spending.
The Dow Jones industrial average was down 109.51 points, or 0.94 percent, to end unofficially at 11,532.96. The Standard & Poor's 500 Index was down 3.76 points, or 0.29 percent, to finish unofficially at 1,285.83. The Nasdaq Composite Index was down 1.99 points, or 0.08 percent, to close unofficially at 2,428.62.
All investors should get ready for a marked poor show as this is coupled with the high inflationary index due for this day and long holidays with imminent bank-employees strike on 20-08-08.
Nifty is likely to quote below 4500 for the week end.
V.Krishnamoorthy
www.mprofitindia.com
Posted by : GuestTracked by: 0 Boarder
Search all latest news of IFCI from leading financial websites.
Really good! ...
What should I do
Posted by : Ashok ChawlaTracked by: 2 Boarders
Dear Mr Harish
Thanks a lot for your valuable suggestion.
Is there any fruitful news about stake selling in near future?
If there is then it may break all the resistance levels.
Ashok Chawla...
In reply to:
What should I do
Posted by : harishkrsharma
Dear Ashok, No need to worry. you have the following option....
1. Sell your 1000 shares @ Rs. 64 - 67 level which you bought at 49. again purchase the same around 49-50-52 level and may sell again at 64-67.This way you can bring down the average of purchase.
But you must remember IFCI has major resistance at 67 if that is crossed by IFCI it may go up to 85 level. But you must try as i said to sell as you already have the 99 purchase.
Do it as i said.............
IFCI will be weak here for a while but i believe it will surely touch 64-67 in short term.
harish sharma
IFCI may be very cheap today.
Posted by : Leave it.Tracked by: 0 Boarder
U.S. stocks fell on Wednesday, as persistent concerns about the credit crisis hurt bank shares while a rebound in oil prices and weak outlooks at some retailers raised anxieties about consumer spending.
The Dow Jones industrial average was down 109.51 points, or 0.94 percent, to end unofficially at 11,532.96. The Standard & Poor's 500 Index was down 3.76 points, or 0.29 percent, to finish unofficially at 1,285.83. The Nasdaq Composite Index was down 1.99 points, or 0.08 percent, to close unofficially at 2,428.62.
All investors should get ready for a marked poor show as this is coupled with the high inflationary index due for this day and long holidays with imminent bank-employees strike on 20-08-08.
Nifty is likely to quote below 4500 for the week end.
V.Krishnamoorthy...
IFCI last 3 Qtrs Results in a nutshell
Posted by : lifaylonTracked by: 0 Boarder
Ifci is a BUY at current levels too many developments happening the report of UP sugar mill will be the next-trigger expect the same from 20th of this month
Below,,,,,,,,,,Is the Abstract of todays report
On July 19, the state government floated a global tender inviting RFQ-cum-RFP from advisors for transferring the assets and liabilities of 25 of the 28 cooperative sugar mills in UP. The state government is the majority stake holder in all the 25 units. The remaining three mills are subject to court cases.
The deadline for the opening of proposals was August 8. However, only two companies, including IFCI, submitted their bids forcing the state government to extend the last date to August 18.
IFCI has been undertaking techno-economic and financial viability studies for projects and extending financial assistance. Now, the technical and financial bids of the advisors would be opened on August 18 and 19 respectively, official sources told Business Standard.
Most of these low-capacity cooperative mills are located in the rural areas and are incurring losses. The UP government is taking steps towards total privatisation of the beleaguered sugar sector to usher in operational efficiency, reduce non performing assets (NPAs) and mitigate non-productive overheads running into several crore rupee annually.
The 33 state sugar corporation mills has already been put on block and five companies — infrastructure major Gammon India, Dalmia Sugar, Noida-based Uflex, Era Landmark and Chadha Sugar — have submitted expression of interests (EoIs).
However, the government had to relax the terms and conditions and allow changes in the land use for these corporation mills to attract the private players, since there had been a lukewarm response to this earlier.
The UP sugar sector is facing perennial challenges of seasonal fluctuation of demand and supply, cane price issue, multiple litigations and government regulation to rein in the prices during inflation, including export ban. The cooperative mills are not centrally located and are mostly based in the rural areas, but command better cane area.
...
In reply to:
IFCI last 3 Qtrs Results in a nutshell
Posted by : ifci_rocky
IFCI has been trading stock for long time. Since last 2 years books of IFCI is consistently improving. Stake sale of NSE was buy trigger.
There are couple of positive points ....
1. Even after NSE stake sale, it hold 5.44% in NSE. It is offering all 21.13% stake in ICRA. They are selling ICRA stake at IPO but have no plan to sell rest of NSE stake. ICRA sell will help cleaning it's book where as NSE stake will remain multi-million USD diamond.
2. IFCI is available at 1920 Cr mcap. December Q EPS was 2 rupees. It does not include income from NSE stake sale. Assuming same performance. Full year EPS from here 4*2 = 8. Price is 30. PER = 30/8 less than 8.
3. IFCI has been one of the most beneficiary of economic boom in India. Companies are either giving back stakes or interest in return of past loans. They are doing so because of bright future they are envisaging. Interest income in last Q was 361 Cr. It is increasing only.
4. It is the oldest financial body in India. I suspect there could be some more hidden gems.
5. Govt will not close IFCI for sure. Sooner than later it will either merge it some strong body or invite strategic foreign investor.
6. It has huge real-estate in Delhi. Which will be demerged before above move. Remember VSNL deal with Tata ???
7. It has already started fresh financing. So it is not lying on bed. It has started walking again. As ppl say one can not learn cycling without hurting himself. IFCI has done that exercises.
8. Remember cost/color of money for IDBI, IFCI and IDFC are same. They hardly have any advantage/disadvantages over others.
IFCI Future plans and Next Triggers......
Posted by : durgapsTracked by: 1 Boarder
Stock market is gambling. Everyone is sitting round in the game of poker, and wanting to know what is other people's hand. To wait when the stakes would rise and then declare the winning hand!
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In reply to:
IFCI Future plans and Next Triggers......
Posted by : harishkrsharma
I enjoyed it........A real disclaimer.
harish sharma
Is IFCI is a safe stock for trading?
Posted by : biswar123Tracked by: 0 Boarder
How safe it is for trading prospect?Please let me know best stocks for trading prospect?...
IFCI Future plans and Next Triggers......
Posted by : harishkrsharmaTracked by: 1 Boarder
I enjoyed it........A real disclaimer.
harish sharma...
In reply to:
IFCI Future plans and Next Triggers......
Posted by : googol
Dear Harish,
Next time you give any rec.here,pl.add anyone(or more) of the following footnotes,of your choice,to insulate yourself against all Parakkavetti Paranthamans
Buy ABCD at 1000 and hold for 5 years.Target 2000
1.Do your own reasearch before deciding
I am not responsible if it fails
2.To hold for 5 years
3.Subject to market remaining stable all the five years
4.Keep a SL to suit your purse.Suggest 0.5% from my side
5.Book 1% profit for every 1% rise
Cheers,
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