Stocks

2010 19:56 China offered sauce with noodles, some thaw in relationship RIO TRINT-2

Sesa Goa

Posted by : minku123
Price when posted : BSE: Rs 452.15 ( 3.50 % ), NSE: Rs. 452.20 ( 3.40 % )

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Relations between Australia and China appear to be thawing quickly, just as Rio Tinto and Chinalco start to look at ways to co operate again on large undeveloped projects.

For those of us with foggy memories of anything further out than 12 months, Chinalco and Rio Tinto have courted each other before. Back in 2008, Chinalco came close to taking a significant stake in several projects operated by the Australian mining giant in a USD 19.5 billion deal. The proposed deal received a frosty reception from both Rio Tinto’s shareholder base and the Australian Government, and in the end, was scuppered after commodity markets recovered just enough to allow Rio Tinto to tap the markets for cash and embark on a round of asset disposals to shore up its balance sheet.

This all seems like ancient history now, with iron ore, copper and many other commodities recovering strongly, and with it, the market valuation of the world’s mining heavyweights, but the memories of the failed deal are being stoked up again as four Rio Tinto employees who were arrested in August 2009 are set to go on trial in China charged with commercial spying.

Under the terms of the MOU, the project will be vended into a new JV, in which Chinalco will acquire a 47% interest by providing USD 1.35 billion that will be used to sole fund development of the project over the next two to three years. Once the full sum is invested, Chinalco’s interest will fall to 44.65% with Rio Tinto retaining 50.35% and the IFC 5%. All three parties could also be diluted by Guinean Government who holds an option to buy up to 20% of the project.

Mr Tom Albanese CEO of Rio Tinto said that "We have long believed that Rio Tinto and Chinalco could work together on major projects for mutual benefit. Chinalco is an excellent partner for us in Simandou. Chinalco brings its own skills and capabilities in major projects and access to the infrastructure expertise of other Chinese organizations. We believe the Simandou project is a large scale, long life asset and is the single best undeveloped source of high grade iron ore. By working with Chinalco and the IFC we expect to realize great economic and social benefits for Guinea, and great value for our shareholders."

He added that "Investors will no doubt be speculating on the significance of this morning’s deal. Could it influence the criminal trial in China? Will there be more deals announced between Rio Tinto and Chinalco? Only time will tell."...

excellent buy----

India Cements

Posted by : vivekbhauka
Price when posted : BSE: Rs 127.70 ( 0.91 % ), NSE: Rs. 127.55 ( 0.79 % )

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good value at 120 levels.ipl team chennai valued at 1500 cr.market cap of india cement at 3500 cr.hence ur getting the co at only 2000 cr for 14 mt cement capacity.looks cheap....

buy---excellent buy

Adhunik Metalik

Posted by : vivekbhauka
Price when posted : BSE: Rs 122.65 ( 1.32 % ), NSE: Rs. 123.30 ( 1.86 % )

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excellent buy.these small steel oron stocks could give tremendous growth.may be some of them will be bought by foreign players inc mittals.
watch electrosteel,ramsarup industries,godavari steel..prakash industries,and monnet ispat.
monnet ispat remain favourite....

wonderful small pharma stock--

Unichem Labs

Posted by : vivekbhauka
Price when posted : BSE: Rs 417.50 ( 4.54 % ), NSE: Rs. 418.45 ( 4.73 % )

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good stock with value.could give huge valuation upside.however difficult to determine pharma stocks as they depend on r&d news etc.so could be volatile but something is cooking here....

buy buy

Tamilnadu Petro

Posted by : bagram
Price when posted : BSE: Rs 17.40 ( -0.29 % ), NSE: Rs. 17.50 ( 0.00 % )

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der revaty
what are the good news to come in april
elaborate please...

In reply to:

buy buy

Posted by : revathy

some good positive news in April

buy

Thiru Arooran

Posted by : revathy
Price when posted : BSE: Rs 191.60 ( -1.74 % ), NSE: Rs. 190.15 ( -3.38 % )

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Positive news are coming in April...

Kale Consultants introduces DoC Payables Audit Service

Kale Consult

Posted by : Invester_FII
Price when posted : BSE: Rs 94.75 ( 1.12 % ), NSE: Rs. 94.35 ( 0.37 % )

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If you have this stock hold on to this one. This is going to be a multibagger even from this levels....

In reply to:

Kale Consultants introduces DoC Payables Audit Service

Posted by : aajkavyapar

Kale Consultants, the leading technology solutions provider to the airlines, airports, logistics and travel (AALT) industry, announced its Direct Operating Costs (DoC) Payables Audit service, as part of its airlines financial management solutions portfolio. DoC forms around 50-60% of an airline’s overall cost structure, hence it is crucial for airlines to audit and exercise control on these payables. Kale’s pioneering service helps airlines recover up to 2% of their direct operating costs.

DoC Payables Audit is a specialized service delivered through a robust payable audit framework, which helps airlines plug leakages in vendor payments effectively and improve their bottomline.

Kale provides this service from its Managed Process Services (MPS) division. It employs a dedicated team of audit experts who are IATA certified professionals with hands-on training on Kale’s audit framework. A triple-filter quality check ensures that airline clients receive accurate payables audit reports which provide complete cause along with information filter to the most granular level.

I phone, I Pad, Apple Platform

Geodesic

Posted by : Invester_FII
Price when posted : BSE: Rs 120.25 ( -1.35 % ), NSE: Rs. 120.30 ( -1.07 % )

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It is not a deal with Apple.They have just released a version of Mundu IM in the native Open standards Edition. Earlier they had a web edition. The only benifit is it has got permission in to the Apple`s Istore like thousands of other application.

As of now there is no revenue visibility from this product because it is a free edition :-). But eventually it will become paid when they get enough downloads....

In reply to:

I phone, I Pad, Apple Platform

Posted by : comatose

Does anyone have any visibility about the revenue/profit implications of the Apple deal ?

buy buy

Tamilnadu Petro

Posted by : revathy
Price when posted : BSE: Rs 17.40 ( -0.29 % ), NSE: Rs. 17.50 ( 0.00 % )

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some good positive news in April...

buy

Chetinad Cem

Posted by : revathy
Price when posted : BSE: Rs 558.00 ( 0.13 % ), NSE: Rs. 558.00 ( -0.69 % )

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It will see good momentum this month end, or second week of April, waiting for Madras Highcourt order. ...

news

Mahindra Satyam

Posted by : bagram
Price when posted : BSE: Rs 96.55 ( -1.23 % ), NSE: Rs. 96.80 ( -1.22 % )

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mah satyam short listed for uid projects...

Voltamp vs. Indo-Tech

Voltamp Trans

Posted by : mont25
Price when posted : BSE: Rs 881.05 ( 2.74 % ), NSE: Rs. 882.10 ( 2.56 % )

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just buy voltamp..you can see my privious message.i gave the target 800 when voltamp was at 400...
now i am giving advise to hold for one week .it will zoom.its a sleeping lion.enjoy voltage and current in next weeki mean volt.amp...

In reply to:

Voltamp vs. Indo-Tech

Posted by : Guest

Dear Sir,

Volamp has been very critically and painfully analysied. This write up will help many to hold this stock, if not completely, atleast partially, to accrue the maximum profit over the next 1-2 years.

I too am heavily invested in this stock and keep waching the developments, very closely.

With deep regards,

May God bless us, all.

Tilak R Sharma
20th March 2010

dating

Reliance Comm

Posted by : jodhpur7
Price when posted : BSE: Rs 167.65 ( 1.98 % ), NSE: Rs. 167.95 ( 2.13 % )

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consolidating,consolidating.....,consolidating!...

Buy Beckons Industries Limited : Be and Make

Beckons Ind

Posted by : pss5588
Price when posted : BSE: Rs 8.84 ( 0.23 % )

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fellowji pls see my message in makers lab on picks by value-picks and let me know ur views on them at the earliest. thanks in advance...

In reply to:

Buy Beckons Industries Limited : Be and Make

Posted by : poorfellow

Sorry for my late reply. I was out of station to a remote place with my official works, where net connection was not available

DREDGING COR

Dredging Cor

Posted by : pandumanu
Price when posted : BSE: Rs 620.70 ( -0.43 % ), NSE: Rs. 621.60 ( -0.15 % )

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Addressed to  winwath

dear winwah, they have cut dividend to utilise resrve for issue of bonus to the investors.......... ...

In reply to:

DREDGING COR

Posted by : winwath

There is no rule that says - if the reserves are 3 times the eq cap, that a company shud issue bonus shares. lol. It is wishful thinking.

It used to pay dividend of more than 100%. The most recent though was 50%, if they have huge reserves, why cut the dividend from 150% to 50% - a drop of 2/3.

Sales has gone down, it reported a loss for 2009, the loss would have been wider, if it did not report 159crs under `other income` :D

Its inventories have gone up 4 times its usual, despite sales dropping. It is unable to move its inventories faster.

Also - for this one to issue bonus share, the board must approve an increase in authorized capital (30 crs) right now, until then u can kiss the bonus good bye.

Like the other PSU`s this one looks weak, expect it to go down