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Sugar and Politics Thus choas
Posted by :
radhika_nandlal
Sonu,
South is under the rule of its local parties thats why sugar mills here are breathing easy. Congress politicking in local affairs is minimal....
Sugar and Politics Thus choas
Posted by : chief_kamani
sonu11-Sakthi Sugars is in South India!!South India could be more peaceful,progressive and profitable.
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Sugar and Politics Thus choas
Posted by : sonu11
Wonder why one ever wish to buy Sugar stocks having their mills in UP?
Buy Sugar stocks of companies having their mills in South.
UP will remain disturbed for the next 3 years. Politics you know.
Sugar mills in south are paying 180-190 per Quintal to farmer yeild is 10-20% better than UP Bihar.
UP Bihar yeild is 10-20% less yet they wish 280 and now will settle for nothing less than 210/- after all Rahul Bhaiya is with them.
Scale of operation is good but with scale one should look profitability ; UP mills could never deliver comparable results to their southern counterparts.
Now the focus of Investors shold tilt towards south , peaceful and profitable.
Disclaimer: I have interest in Sugar Sector.
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Superb result but an underperforming stock???
Posted by :
sunnyss
wrong maxim,
i think it is potentially mch betr than dhampur, and going through history- it never has underperformed so much..so it may start picking up any time in the season..and in a much better way than dhampur.!...
Superb result but an underperforming stock???
Posted by : maximindiaThis is going to b another Dhampur....
NSE Announcements on Sakthi Sugars
Posted by : MMB MessengerSakthi Sugars Ltd. has informed the Exchange that the Board of Directors at its meeting held on November 14, 2009 has issued and allotted equity shares to the allottees (As per attachment) by conversion of Foreign Currency Convertible Bonds in terms of the Offering Circular dated May 15, 2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
Superb result but an underperforming stock???
Posted by : sam1971All segments i.e. sugar, power and ethanol doing well. With the cash generation from operations and also conversion of FCCB, the debt will be reduced substantially in the coming 3-4 quarters. Stock could be 2-3 bagger from here in a year time. ...
Superb result but an underperforming stock???
Posted by : sunnyss
itis coz moneycontrol shows ttm eps , that is trailing 12 months, so , as this quarter results come, eps will jump to about 40-50.
FCCB conversion at 208 rs. is also a great news,1.it proves what value it should get, 2.would reduce the debt....
BSE Announcements on Sakthi Sugars
Posted by : MMB Messenger
Sakthi Sugars Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 14, 2009, has issued and allotted equity shares to the following allottees by conversion of Foreign Currency Convertible Bonds in terms of the Offering Circular dated May 15, 2006 :
1. Name of Allottees : JP Morgan Mauritius Holdings Ltd.
- number of Shares allotted : 8,63,269
- Series of FCCB : A
- Value of FCCB converted (in US$) : 4,000,000
- Conversion Price per Share (in Rs.) : 208.00
2. Name of Allottees : Goldman Sachs Investments (Mauritius) I Ltd.
- number of Shares allotted : 86,326
- Series of FCCB : A
- Value of FCCB converted (in US$) : 400,000
- Conversion Price per Share (in Rs.) : 208.00
3. Name of Allottees : Morgan Stanley Mauritius Company Ltd.
- number of Shares allotted : 86,326
- Series of FCCB : A
- Value of FCCB converted (in US$) : 400,000
- Conversion Price per Share (in Rs.) : 208.00
4. Name of Allottees : Morgan Stanley Mauritius Company Ltd.
- number of Shares allotted : 3,54,394
- Series of FCCB : B
- Value of FCCB converted (in US$) : 1,500,000
- Conversion Price per Share (in Rs.) : 190.00....
Superb result but an underperforming stock???
Posted by : maximindiaShare prices r based on future EPS and sugar being in shortage 4 another 6 quarts all sugar cos wl hv highest EPS of their life for next quarts.sO AT CURRENT PRICE sakthi is cheapest sugar stock.Just look at Dhampur From 20 to 140 in less than a year....
Superb result but an underperforming stock???
Posted by : Dharmender1976
Hi Cicerno,
Am not sure why it`s showing the P/E as 55 as in quarter ending June the EPS was Rs 11.61 and in last quarter the EPS was Rs 13.81. So for half year, the EPS is already 25.4, and if we annualise it, then the EPS comes around to be rs 51/-. In my opinion, it is still very cheap compared to its peer.
As per the money control site, Sakthi`s financial year ends in Mar. In the last finacial year, it made losses in some quarters, so probably that`s why the P/E is so high.
Hope this explains.
Cheers,
D....
Superb result but an underperforming stock???
Posted by : sunnyss
Dear cicero, if u know amonth back, sakthi`s pe ratio was -ve, now u can see it at 54, just see last year same quarter profit was loss of 92 crores, just wait for this quarter result, eps will jump too about 40-50 rs. and suddenly it will be available at just 2-2.3 p/e..
so.. think long term...then only u wil profit,oderwise u;l keep on thinking valuations, and dont know when it will be moving up in circuits and u wil not get chance to buy at all.....
Superb result but an underperforming stock???
Posted by :
ciceroP/E ratio for sakthi is 55 compared to dhampur`s only 12 and the industry average is 22. This shows why sakthi stocks are seriouely overvalued and thus there is no reason for them to move up if these numbers are correct. Any body knows why this p/e ratio is so high even after great recent earnings!!!!...
Superb result but an underperforming stock???
Posted by : maximindiaI dnt think management is not good.Normally south Indians r better managers bcs unlike northis they dnt fudge accounts and r v v conservative in expanding at high speed.Just wait south cos rises last and so wl b sakthi....
Superb result but an underperforming stock???
Posted by : biztalkYes.True. Sakthi Sugars European Unit filed for bankruptcy. Even otherwise management of this company does not instill confidence....
