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BUY intraday target 612
Posted by :
srisri223
BUY intraday target 612
visit STOCKDREAMS dot BLOGSPOT dot COM...
Multibagger from IT
Posted by :
rvk41
Wipro has made some key buyouts – both in India and overseas — in the consumer businesses. The latest has been the acquisition of British consumer and home care brand Yardley’s business in Asia, Australia and north and west Africa, for a ticket value of $45.5 million (Rs 215 crore). Yardley will retain its businesses in markets like the US and Europe.
Yardley is a brand that is over 200 years old and boasts of a portfolio which has Lavender. Before Wipro bought it, the Yardley brand had changed hands at least four times. The last owner was UK’s Lornamead Group. “Yardley is a very strong brand and will help complete our portfolio of products,” said Vineet Agrawal, president, Wipro Consumer Care and Lighting. He adds that Yardley’s revenues, for the last financial year, was Rs 100 crore for the regions where Wipro has acquired the brand. In that context, Wipro has paid a little over two times Yardley’s annual revenues. “It is not expensive as FMCG deals typically happen at 2.5-3 times the revenues,” points out Agrawal, who adds that the brand is one that is profitable.
In July 2007, Wipro acquired Singapore-based consumer care company, Unza for $246 million to expand the reach of its consumer care businesses in the Asia Pacific region. A year before that, it bought Delhi-based North-West Switches which was preceded by the acquisition of Hindustan Unilever’s glucose drink brand Glucovita.
Meanwhile, Wipro’s bathing soap brand, Santoor, has consistently remained at the third position in terms of market share in the category. The company’s other brand, Chandrika, which it took over on a lease in 2003, is snapping at the heels of the top five brands in Kerala and other southern markets. In the context of the Yardley transaction, Shirish Pardeshi, an analyst with Anand Rathi Securities says, “One needs a vehicle to introduce its products in other geographies and setting up a distribution channel often entails a huge investment.” According to him, FMCG majors like Godrej and Marico have gone to markets like Egypt and South Africa to grow their portfolios.
The revenues from the consumer and lighting division have grown from Rs 816 crore in FY07 to Rs 1,520 crore in FY08. For FY09, it stood at Rs 2,083
crore. “We have grown at a CAGR of 25% in the last five years,” says Agrawal. The division has an operating profit margin of 12%.
Though the business contributes only 8% to Wipro’s total revenues, the decision to go inorganic has been productive. “Unza contributed as much as 40% to the consumer and lighting business revenues in FY09,” says Agrawal. Though in terms of the size of the deal, Yardley is much smaller than Unza, the former gives Wipro a boost to its revenues from the Middle East. “It will double our revenues from the Middle East and will make our presence stronger there,” adds Agrawal. Yardley earns 70% of its revenues from the Middle East alone.
For Wipro, Yardley is a brand that has more premium value than Unza’s Enchanteur. Though Unza is the third-largest selling brand in Malaysia and Vietnam, it does not have a large presence in the Middle East. That could change with Yardley in the time to come.
For your information,with regards
rvk41...
Wipro next target will be 750/-
Posted by : srisri223
Wipro next target will be 750/- in the medium term.
Buy in dips, for IT business Dollar weakness will be negative. visit STOCKDREAMS dot BLOGSPOT dot COM...
NSE Announcements on Wipro
Posted by : MMB MessengerWipro Ltd has informed the Exchange that: 1) Administrative Committee of the Board of Directors at their Meeting held on November 04, 2009 resolved to issue and allot 108620 equity shares of Rs. 2/- each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005. 2) Administrative Committee of the Board of Directors vide Circular resolution dated November 04, 2009 allotted 34365 equity shares of par value of Rs. 2/- to JP Morgan Chase Bank, the Companys depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options granted to the employees under the Companys ADS Restricted Stock Unit Plan - 2004....
BSE Announcements on Wipro
Posted by : MMB Messenger
Wipro Ltd has informed BSE about the following:
1. Administrative Committee of the Companys Board of Directors at their Meeting held on November 04, 2009 resolved to issue and allot 108620 equity shares of Rs. 2/- each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005.
2. Administrative Committee of the Companys Board of Directors vide Circular resolution dated November 04, 2009 allotted 34365 equity shares of par value of Rs. 2/- to JP Morgan Chase Bank, the Companys depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options granted to the employees under the Companys ADS Restricted Stock Unit Plan- 2004....
wipro buys yardley personal care business
Posted by :
stocktobuy
MUMBAI: Wipro, India`s No. 3 software services exporter, said on Thursday it had agreed to buy some personal care businesses of Yardley for about Globe`s biggest M&A dealmakers
Factors for successful M&As
Formula for successful biz
$45.5 million, adding to its consumer goods business.
Wipro said it had signed an agreement with UK-based Lornamead group, which owns the Yardley brand, for the businesses in Asia, the Middle East, Australasia and some African markets.
The transaction is expected to be completed by mid-December, it said in a statement.
Lornamead`s global turnover is estimated to be close to $650 million. Its portfolio straddles various categories of personal care products including hair-care (Brisk, Aqua Net and Vosene), cosmetics and skin-care (Amplex and Handsan), oral care (Brilliant and Goldspot) and home care brand Stergene.
Tura is a significant player in soaps and skin care in Nigeria, with an annual turnover of close to $50 million.
This is Wipro`s second big buy-out in the FMCG space in two years. In July 2007, Wipro had acquired Singapore-based personal care products manufacturer Unza Holdings Ltd for $246 million (Rs 1,010.2 crore) in an all-cash deal. That deal with Unza`s portfolio of shampoos, creams, lotions and detergents had marked Wipro`s big plunge into the global FMCG space.
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Target 570
Posted by : covai-barathSee, my call yesterday sell call...today reached 578 low and still looking weak..........
Multibagger--Aims 24 mn$ from Yardley
Posted by : rvk41
Wipro has signed an agreement to acquire the Yardley business in Asia, Middle East, Australasia and certain African markets for consideration of nearly USD 45.5 million, from UK-based Lornamead Group. Revenues on run-rate basis for FY`10 is USD 24 million.
This transaction adds another jewel to Wipro Consumer Care and Lighting (FMCG arm of Wipro) following its acquisition of Unza in 2007. The transaction is expected to complete by mid December 2009. Lornamead retains the Yardley business in Europe and the America.
For information,with regards
rvk41
...
Wipro acquires Yardley (UK) business
Posted by : pms.swastika
Wipro acquires Yardley (UK) business
Wipro acquires Yardley (UK) business in Asia, Middle East, Australia and certain African markets for $45.50 million.
Regards
Swastika PMS...
NSE Announcements on Wipro
Posted by : MMB MessengerWipro Ltd has informed the Exchange regarding a press release dated November 05, 2009, titled "Wipro acquires the Yardley business in Asia, Middle East, Australasia and certain African countries". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
NSE Announcements on Wipro
Posted by : MMB MessengerWipro Ltd has informed the Exchange that "The Company has granted 87100 ADS Restricted Stock Units with effective date November 1, 2009 to identified employees of subsidiary company of Wipro Limited. The grant of above stock options is in line with SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, as amended and as per the terms of the Stock Option Plans. These restricted stock unit shall vest as per the vesting schedule approved by the Compensation Committee of the Board and can be exercised over the exercise period as per the Restricted Stock Option Plans"....
BSE Announcements on Wipro
Posted by : MMB Messenger
Wipro Ltd has informed BSE that the Company has granted 87100 ADS Restricted Stock Units with effective date November 01, 2009 to identified employees of subsidiary Company of Wipro Ltd.
The grant of above stock options is in line with SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, as amended and as per the terms of the Stock Option Plans.
These restricted stock unit shall vest as per the vesting schedule approved by the Compensation Committee of the Board and can be exercised over the exercise period as per the Restricted Stock Option Plans. ...
Target 570
Posted by : Guest
Don`t go for short at this level..
This will bounce back and again going to move 600+ range.....
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Target 570
Posted by : covai-barath
Will slide to kiss 574-569 in hrs only. Break below 569 will create huge panic.............!!
(Any Rise ,Try to exit )...
you can hold down with your position.. you may get around 650 by monthend...
Don`t loose patience...
