atn sneha arora,
results of ashiana hsg i have shared in other thread, results are good. stock can give growth of 50 % over next 8 to 10 months time.
kukku
2008/7/30 Sneha Arora
kukku ji,what are your views on previouly recommended script ashiana housing?it is not showing any upmove with market..shud we stay invested?thnx for ur help
Wednesday, July 30, 2008
Patel Integrated Logistics Limited @ 40
Patel Integrated Logistics Limited Company is a single stop Logistics Services Provider, offering complete Logistics solutions through the extensive infrastructure of nearly 350 Offices and Over 2000 Delivery Destinations.
Company also renders Money Transfer Services as a sub agent of Wall Street Finance Limited. company is able to pass on the increase in the fuel cost, so we may see better margins from 2nd qtr of current year. company allotted18,00,000 equity shares of Rs 10 each at a premium of Rs 64 per equity share aggregating to Rs 13,32,00,000. in feb 2008 to some strategic investors. stock reacted from high of rs 131 to current levels of rs 40 . while last three years low is around rs 36. book value of company is rs 53 .
is it not worth accumulating at these levels?
members may pl share view.
Company also renders Money Transfer Services as a sub agent of Wall Street Finance Limited. company is able to pass on the increase in the fuel cost, so we may see better margins from 2nd qtr of current year. company allotted18,00,000 equity shares of Rs 10 each at a premium of Rs 64 per equity share aggregating to Rs 13,32,00,000. in feb 2008 to some strategic investors. stock reacted from high of rs 131 to current levels of rs 40 . while last three years low is around rs 36. book value of company is rs 53 .
is it not worth accumulating at these levels?
members may pl share view.
INDIAN HUME PIPES
yes value investor
what u mentioned is possible.
i too hold the stock in portfolio with long term view.
thanks for updating.
kukku
2008/7/30 value investor
> Hi ISGians> > The engineering sector is reporting decent performance which is quite> contrary to general expectations.Some of the profits can be attributed to> inventory benefits but looking at the guidance from large companies the> scene is not as scary as was made out to be.> > I expect some pressures in second qtr results but it is right time to build> your portfolio over next twelve months to cash on the future gains.> > > INDIAN HUME PIPES IS HOLDING THEIR BOARD MEETING TODAY TO CONSIDER QTR> RESULTS. I EXPECT GOOD SET OF NUMBERS AND PROBABLY ANNOUNCEMENT OF A STRONG> ORDER BACKLOG.> > I THINK ITS TIME TO EXPOSE OUR PORTFOLIO TO INDIAN HUME PIPES.MEANING ADD> MORE >> VALUE INVESTOR
what u mentioned is possible.
i too hold the stock in portfolio with long term view.
thanks for updating.
kukku
2008/7/30 value investor
> Hi ISGians> > The engineering sector is reporting decent performance which is quite> contrary to general expectations.Some of the profits can be attributed to> inventory benefits but looking at the guidance from large companies the> scene is not as scary as was made out to be.> > I expect some pressures in second qtr results but it is right time to build> your portfolio over next twelve months to cash on the future gains.> > > INDIAN HUME PIPES IS HOLDING THEIR BOARD MEETING TODAY TO CONSIDER QTR> RESULTS. I EXPECT GOOD SET OF NUMBERS AND PROBABLY ANNOUNCEMENT OF A STRONG> ORDER BACKLOG.> > I THINK ITS TIME TO EXPOSE OUR PORTFOLIO TO INDIAN HUME PIPES.MEANING ADD> MORE >> VALUE INVESTOR
irrespective market sentiments one can start accumulating good stocks slowly in small qty
yes manish,
there is one solid value at certain levels in strong fundamental stocks where irrespective market sentiments one can start accumulating good stocks slowly in small qty with long term view. uncertain situation is best to make our portfolio stronger.
kukku
2008/7/28 Manish Nagarajan
Yes Kukkuji ,truly said. I was also glad on seeing the revival of monsoon. It should boost up the sentiments in near term. Had added in past month, during the drop below 13,000 level, the following stocks :- Ion Exchange around 125/- Mcnally Bharat around 130/- Pyramid Saimira around 139/- GMR Infra : Avg price 90/- LLoyd Engg around 84/- Parsvnath around 117/- Tried to convert the not-so-favourable stocks to the better preferrred stocks.Thanks once again to the esteemed members of this group for their regular guidance. Manish...
there is one solid value at certain levels in strong fundamental stocks where irrespective market sentiments one can start accumulating good stocks slowly in small qty with long term view. uncertain situation is best to make our portfolio stronger.
kukku
2008/7/28 Manish Nagarajan
Yes Kukkuji ,truly said. I was also glad on seeing the revival of monsoon. It should boost up the sentiments in near term. Had added in past month, during the drop below 13,000 level, the following stocks :- Ion Exchange around 125/- Mcnally Bharat around 130/- Pyramid Saimira around 139/- GMR Infra : Avg price 90/- LLoyd Engg around 84/- Parsvnath around 117/- Tried to convert the not-so-favourable stocks to the better preferrred stocks.Thanks once again to the esteemed members of this group for their regular guidance. Manish...
guide lines given by Larsen toubro are very very positive .
yes spandanji,
this is not new for us, we have discussed it from time to time in last 6/7 months.
many of these factors are already discounted as some of the stocks are or around three years low while few of them are at 1/5 or 1/4 of the peak values.
high crude rates or higher inflation or higher interest situation is also not going remain for longer time.
i am of the view investors can convert 1/4 of cash in to investment at current levels.
though index has fallen but many of strong fundamental mid caps are doing well & finding good value based buying from investors,
guide lines given by Larsen toubro are very very positive .
i would like to invest on dips .
this is just my view.
kukku
2008/7/29 LovelyGuy Hide quoted text -
>> Dear all,>> Nothing new for us/ISGians. Did we not know it?>> "Dark Clouds gathering" was the term used a long time ago in one of> the threads.>> Corporate profits will be trimmed to 15/16% from 25-27% was written on> number of times.>> Inflatory pressure and severe tightening of monetory policy can harm> too was indicated by Bhushanji.>> GDP forecasted for coming year was carefully caliberated by some to 8%> or below. Some mentioned to 7.5 while others mentioned 8.5.>> Fiscal deficit is a major worry and I personally mentioned it in> Classic battle thread. This would severely hamper Govt plans on 5 year> yojana.>> The real pressure would be seen from September end quarter, taking> it's peak effect to December end or March next year end quarters,> before situation can ease a bit.>> With monetory tightening, now borrowing is terribly expensive so small> caps and midcaps or even large caps will have to delay or trim their> expansions plans. (This was written on ISG)>> Salaries are still up. (Kukkuji mentioned it on numbers of ocassions)>> Monsoon is Ok, not great and agriculture estimates are major worry for> food inflation. With all money pumping in to agri sector, we need to> show solid performance and if that doesn't happen, it would be a set> back.>> When all above factors are met with liquidity crunch too, situation> can deteriorate further and takes a long time to recover. (This was> also mentioned indirectly in one of the threads recently)>> The whole situation will take an year, minimum to get resolved and> that is only up to some extent.>> However market moves ahead of time so we may see factoring a "turn> around" by the end of this year/beginning of next year. The growth> would be very slow and there won't be significant gains/improvements> in any of the above numbers till mid next year or so.>> Also one more important thing I want to add.>> This time is such a complex one and multifactorial that even smartest> ot the smart market can't factor everything what so ever is happening> or may happen in near future.>> Considering above, we are coming close to a bottom formation and I> expect it to happen in 2 to 3 months or so. Sensex wise, anything> around or below 12316 are good value for money, if scripts chosen> carefully. These would provide some fine and decisive buying> opportunities. One mustn't miss them as one should shop when such dark> clouds gather in abundance.>> There are certainly sectoral shifts in recent time.>> Reality and construction sector is completely deflated. Banking took a> big hit too with private financial. Energy and power are corrected> severely in recent time. These are pretty clear indications of> sectoral shift.>> While Pharma, Telecom and FMCG considered pretty decent sectors as> well as defensive ones, I would> ====================================================================================================> certainly look at Agro-Commodities and chemicals, Bio-Fuels, Oil-Gas> and Green Energy as new market> =====================================================================================================leaders> in coming years. Selective energy and power scripts and some> engineering firms may do well.> =====================================================================================================>> One thing I learned in recent times is that, do not depend on> confirmation of a situation/news stories, but just think ahead, once> you have all data, analyse yourself using simple logic and if you want> to win, you have to be on the top of the market, perhaps slightly> ahead of it. (Which is ahead of time therefore you are well ahead of> time)>> The above were my views only.>> Regards>> Spandan Joshi
this is not new for us, we have discussed it from time to time in last 6/7 months.
many of these factors are already discounted as some of the stocks are or around three years low while few of them are at 1/5 or 1/4 of the peak values.
high crude rates or higher inflation or higher interest situation is also not going remain for longer time.
i am of the view investors can convert 1/4 of cash in to investment at current levels.
though index has fallen but many of strong fundamental mid caps are doing well & finding good value based buying from investors,
guide lines given by Larsen toubro are very very positive .
i would like to invest on dips .
this is just my view.
kukku
2008/7/29 LovelyGuy Hide quoted text -
>> Dear all,>> Nothing new for us/ISGians. Did we not know it?>> "Dark Clouds gathering" was the term used a long time ago in one of> the threads.>> Corporate profits will be trimmed to 15/16% from 25-27% was written on> number of times.>> Inflatory pressure and severe tightening of monetory policy can harm> too was indicated by Bhushanji.>> GDP forecasted for coming year was carefully caliberated by some to 8%> or below. Some mentioned to 7.5 while others mentioned 8.5.>> Fiscal deficit is a major worry and I personally mentioned it in> Classic battle thread. This would severely hamper Govt plans on 5 year> yojana.>> The real pressure would be seen from September end quarter, taking> it's peak effect to December end or March next year end quarters,> before situation can ease a bit.>> With monetory tightening, now borrowing is terribly expensive so small> caps and midcaps or even large caps will have to delay or trim their> expansions plans. (This was written on ISG)>> Salaries are still up. (Kukkuji mentioned it on numbers of ocassions)>> Monsoon is Ok, not great and agriculture estimates are major worry for> food inflation. With all money pumping in to agri sector, we need to> show solid performance and if that doesn't happen, it would be a set> back.>> When all above factors are met with liquidity crunch too, situation> can deteriorate further and takes a long time to recover. (This was> also mentioned indirectly in one of the threads recently)>> The whole situation will take an year, minimum to get resolved and> that is only up to some extent.>> However market moves ahead of time so we may see factoring a "turn> around" by the end of this year/beginning of next year. The growth> would be very slow and there won't be significant gains/improvements> in any of the above numbers till mid next year or so.>> Also one more important thing I want to add.>> This time is such a complex one and multifactorial that even smartest> ot the smart market can't factor everything what so ever is happening> or may happen in near future.>> Considering above, we are coming close to a bottom formation and I> expect it to happen in 2 to 3 months or so. Sensex wise, anything> around or below 12316 are good value for money, if scripts chosen> carefully. These would provide some fine and decisive buying> opportunities. One mustn't miss them as one should shop when such dark> clouds gather in abundance.>> There are certainly sectoral shifts in recent time.>> Reality and construction sector is completely deflated. Banking took a> big hit too with private financial. Energy and power are corrected> severely in recent time. These are pretty clear indications of> sectoral shift.>> While Pharma, Telecom and FMCG considered pretty decent sectors as> well as defensive ones, I would> ====================================================================================================> certainly look at Agro-Commodities and chemicals, Bio-Fuels, Oil-Gas> and Green Energy as new market> =====================================================================================================leaders> in coming years. Selective energy and power scripts and some> engineering firms may do well.> =====================================================================================================>> One thing I learned in recent times is that, do not depend on> confirmation of a situation/news stories, but just think ahead, once> you have all data, analyse yourself using simple logic and if you want> to win, you have to be on the top of the market, perhaps slightly> ahead of it. (Which is ahead of time therefore you are well ahead of> time)>> The above were my views only.>> Regards>> Spandan Joshi
Flower exporters feel the heat of global slowdown
Flower exporters feel the heat of global slowdown
Mansi Goyal & Monica Behura NEW DELHI
THE global flower export market, which is just over Rs 300 crore,has come down by 15-20% this year owing to global recession. Withfertiliser costs also doubling, the industry is facing a crunch andforesees a price rise by 10% to pass the burden on to consumers. VSL Agro Tech's manager V Srinivas says: "Cost of production for asingle stem of rose has increased from Rs 1.50 to Rs 1.70. We havestopped exporting to Japan and Europe which contributed to 60% of ourexport market till march 2008." The overall sales of the industry havealso gone down by 25%. Of the total sales, exports contribute 80% involume terms and 60% in terms of value. N Manjunatha Reddy, CEO of Pushpam Florabase, says: "Our profitmargins have been reduced to half owing to higher delivery andproduction cost." However, the Rs 600-crore domestic market is largely unaffectedwith inflation and is poised to cross the Rs 1,000-crore mark in twoyears, say industry observers. This is despite fertiliser costsspiralling by 100-300% but the industry is yet to increase the priceof flowers. The main sources of these fertilisers were imports from Europe andChina. Earlier, the Chinese had provided 35% subsidy on export offertilisers to their fertiliser companies. However, in order tocontrol pollution levels for the Olympics, China has shut down most ofthese companies and imposed a 35% export duty on fertiliser exports.Moreover, the prices of phosphorous and sulphur have gone up in theinternational market and has further led to an increase in fertiliserprices by up to 200%. Besides, the increase in petroleum prices has led to the increasein packaging material, such as polythene PP covers. Even the price ofcorrugated boxes has doubled. All this has affected exports offloriculture industry to markets like Europe, Japan, China and the US. Shrivardhan Biotech's CEO Ramesh Patil says: "Flowers areconsidered to be a luxury item. The demand for flowers has gone downas buyers are not ready to spend much on them due to their perishablenature. It has badly affected our sales during Christmas, Valentine'sDay and Ohigan (Japanese festival). Our flower sales have dipped fromRs 6.5 crore to Rs 5 crore in the current year." Venkateshwar Rao, owner of Iris Biotech, says: "It is not possibleto increase the current prices due to supply and demand dynamics andso we are absorbing inflation, but we will foresee a price increase of10% in the coming months."
Mansi Goyal & Monica Behura NEW DELHI
THE global flower export market, which is just over Rs 300 crore,has come down by 15-20% this year owing to global recession. Withfertiliser costs also doubling, the industry is facing a crunch andforesees a price rise by 10% to pass the burden on to consumers. VSL Agro Tech's manager V Srinivas says: "Cost of production for asingle stem of rose has increased from Rs 1.50 to Rs 1.70. We havestopped exporting to Japan and Europe which contributed to 60% of ourexport market till march 2008." The overall sales of the industry havealso gone down by 25%. Of the total sales, exports contribute 80% involume terms and 60% in terms of value. N Manjunatha Reddy, CEO of Pushpam Florabase, says: "Our profitmargins have been reduced to half owing to higher delivery andproduction cost." However, the Rs 600-crore domestic market is largely unaffectedwith inflation and is poised to cross the Rs 1,000-crore mark in twoyears, say industry observers. This is despite fertiliser costsspiralling by 100-300% but the industry is yet to increase the priceof flowers. The main sources of these fertilisers were imports from Europe andChina. Earlier, the Chinese had provided 35% subsidy on export offertilisers to their fertiliser companies. However, in order tocontrol pollution levels for the Olympics, China has shut down most ofthese companies and imposed a 35% export duty on fertiliser exports.Moreover, the prices of phosphorous and sulphur have gone up in theinternational market and has further led to an increase in fertiliserprices by up to 200%. Besides, the increase in petroleum prices has led to the increasein packaging material, such as polythene PP covers. Even the price ofcorrugated boxes has doubled. All this has affected exports offloriculture industry to markets like Europe, Japan, China and the US. Shrivardhan Biotech's CEO Ramesh Patil says: "Flowers areconsidered to be a luxury item. The demand for flowers has gone downas buyers are not ready to spend much on them due to their perishablenature. It has badly affected our sales during Christmas, Valentine'sDay and Ohigan (Japanese festival). Our flower sales have dipped fromRs 6.5 crore to Rs 5 crore in the current year." Venkateshwar Rao, owner of Iris Biotech, says: "It is not possibleto increase the current prices due to supply and demand dynamics andso we are absorbing inflation, but we will foresee a price increase of10% in the coming months."
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