Coffee & Life
A group of alumni, highly successful in their careers, got together to visit their old university professor.
Conversation soon turned into complaints about stress in work and life.
Offering his guests coffee, the professor went to the kitchen and returned with a large pot of coffee and an assortment of cups porcelain, plastic, glass, crystal, some plain looking, some expensive, some exquisite - telling them to help themselves to hot coffee.
When all the students had a cup of coffee in hand, the professor said:
"If you noticed, all the nice looking expensive cups were taken up, leaving behind the plain and cheap ones. While it is but normal for you to want only the best for yourselves, that is the source of your problems and stress. What all of you really wanted was coffee, not the cup, but you consciously went for the best cups and were eyeing each
other's cups.
Now if life is coffee, then the jobs, money and position in society are the cups. They are just tools to hold and contain Life, but the quality of Life doesn't change. Some times, by concentrating only on the cup, we fail to enjoy the coffee in it."
Don't let the cups drive you... Enjoy the coffee Instead !!!!!
August 31, 2007
August 29, 2007
Magnum Ventures Limited - IPO Prospects
Magnum Ventures Limited - IPO Prospects
Issue Period : 27th August -30th August
Face Value - Rs 10
Price -Rs 27 -Rs 30
Min .Order -200 shares
Grade - Average
Recommendation - Skip
Comments
Magnum Ventures is presently into paper manufacturing with three plants, all located at Ghaziabad in U P with annual installed capacity of 85,000 TPA. The company now proposes to modernise its production facilities of paper unit II and III by technological upgradation including replacement of plant and machinery with total outlay of Rs 50 crore. Why such a massive revamp on gross block of Rs 130 crore? Also, how was the past depreciation utilised? The modernisation and upgradation of a company should be from cash accruals of any company.
The company is also setting up a 212 rooms, 4 star business hotel with project cost of Rs 103 crore at Ghaziabad. This hotel is coming up near Akshardham temple where traffic is very high. The total cost of both the project is high at Rs 153 crore, which appears to be beyond the capacity of the company. Hotel would start in April 09 thus having a very long gestation.
Post issue, equity of the company would rise to Rs 37.60 crore with expected net worth of Rs 95 crore. Against this, the debt would be Rs 200 crore. This is a critical financial level for the company to operate. As such paper stocks are poorly discounted on the bourses and earning growth is expected only in FY 10. Till then, bottomline of the company may hover around Rs 10 crore levels, resulting in an EPS of less than Rs 3. This kind of working does not encourage to take a subscribe call on the issue.
Premium on Listing - Discount
Issue Period : 27th August -30th August
Face Value - Rs 10
Price -Rs 27 -Rs 30
Min .Order -200 shares
Grade - Average
Recommendation - Skip
Comments
Magnum Ventures is presently into paper manufacturing with three plants, all located at Ghaziabad in U P with annual installed capacity of 85,000 TPA. The company now proposes to modernise its production facilities of paper unit II and III by technological upgradation including replacement of plant and machinery with total outlay of Rs 50 crore. Why such a massive revamp on gross block of Rs 130 crore? Also, how was the past depreciation utilised? The modernisation and upgradation of a company should be from cash accruals of any company.
The company is also setting up a 212 rooms, 4 star business hotel with project cost of Rs 103 crore at Ghaziabad. This hotel is coming up near Akshardham temple where traffic is very high. The total cost of both the project is high at Rs 153 crore, which appears to be beyond the capacity of the company. Hotel would start in April 09 thus having a very long gestation.
Post issue, equity of the company would rise to Rs 37.60 crore with expected net worth of Rs 95 crore. Against this, the debt would be Rs 200 crore. This is a critical financial level for the company to operate. As such paper stocks are poorly discounted on the bourses and earning growth is expected only in FY 10. Till then, bottomline of the company may hover around Rs 10 crore levels, resulting in an EPS of less than Rs 3. This kind of working does not encourage to take a subscribe call on the issue.
Premium on Listing - Discount
August 27, 2007
Money plant 2
Shares for Long term view
After the market has taken severe beating in recent weeks, now it is the time for some reversal.
Here are few tips for Investors who are looking to invest in some solid fundamental & technical scrips with an Long term perspective
1. M&M
2. Bajaj Auto
3. Tata Motors
4. ICICI Bank
5. ONGC around 800 levels
6. IND HOTELS (Ind Hot has anonunced Right Issue @Rs.70 , in the ratio of 1:5)
7. Infy & TCS (only if u're UNDER WEIGHT on IT stocks .... they should together constitute 10% of the total portfolio)
8. TISCO around 550 -560 levels
9. Sterlite Industries -530 levels
If you are looking out for an Mid caps stock, the list as follows (This is meant for Aggressive Investors only)
1. Adlabs
2. Rolta (350 -375)
3. Financial Technology
4. Punj Llyod (around 200)
5. Aditya Birla Nuvo (around 1150- 1200)
6. Patel Engineering
7. Gammon India
After the market has taken severe beating in recent weeks, now it is the time for some reversal.
Here are few tips for Investors who are looking to invest in some solid fundamental & technical scrips with an Long term perspective
1. M&M
2. Bajaj Auto
3. Tata Motors
4. ICICI Bank
5. ONGC around 800 levels
6. IND HOTELS (Ind Hot has anonunced Right Issue @Rs.70 , in the ratio of 1:5)
7. Infy & TCS (only if u're UNDER WEIGHT on IT stocks .... they should together constitute 10% of the total portfolio)
8. TISCO around 550 -560 levels
9. Sterlite Industries -530 levels
If you are looking out for an Mid caps stock, the list as follows (This is meant for Aggressive Investors only)
1. Adlabs
2. Rolta (350 -375)
3. Financial Technology
4. Punj Llyod (around 200)
5. Aditya Birla Nuvo (around 1150- 1200)
6. Patel Engineering
7. Gammon India
August 23, 2007
INDO WIND ENERGY -IPO PROSPECTS
INDO WIND ENERGY
Issue Period : 21st August -24th August
Face Value - Rs 10
Price -Rs 55 -Rs 65
Min .Order -100 shares
Grade - Average
Recommendation - Subscribe
Comments
Indowind Energy is a good company and following the same path of Suzlon Energy. One can apply for the stock, without worry or they can also buy on listing for long term.
The projects, which are coming up, have long gestation period but these are profitable businesses going forward. Those who miss the chance of buying into Suzlon Energy, they can also apply for the same.
The company is now carrying out an expansion of Rs 97.54 crore, mainly to set up 9 MW wind farm in Karnataka and to purchase second hand wind energy generators from banks.
Premium on Listing - 10-12 Rs
Issue Period : 21st August -24th August
Face Value - Rs 10
Price -Rs 55 -Rs 65
Min .Order -100 shares
Grade - Average
Recommendation - Subscribe
Comments
Indowind Energy is a good company and following the same path of Suzlon Energy. One can apply for the stock, without worry or they can also buy on listing for long term.
The projects, which are coming up, have long gestation period but these are profitable businesses going forward. Those who miss the chance of buying into Suzlon Energy, they can also apply for the same.
The company is now carrying out an expansion of Rs 97.54 crore, mainly to set up 9 MW wind farm in Karnataka and to purchase second hand wind energy generators from banks.
Premium on Listing - 10-12 Rs
August 22, 2007
Motilal Oswal - IPO Prospects
Motilal Oswal - IPO Prospects
Issue Period Aug 20, 2007 to Aug 23, 2007
Face Value Rs. 5/-
Price Range Rs. 725/- to Rs. 825/-
Minimum Order Quantity 8 shares
Recommendation - Subscribe (Aggressive Investor)
Grade - Good
Recommendation
Motilal Oswal has market share of 5%, in derivative segment around 3.75%. Revenues from broking business are nearly 86%, EBITDA margin stood at 32%. It is debt free company.
Motilal Oswal has 30 mandates in investment banking business and going to invest Rs 550 crore in PMS.
Investors can apply for the issue, which looks to be good.
Premium on Listing - 80 -90 Rs
Issue Period Aug 20, 2007 to Aug 23, 2007
Face Value Rs. 5/-
Price Range Rs. 725/- to Rs. 825/-
Minimum Order Quantity 8 shares
Recommendation - Subscribe (Aggressive Investor)
Grade - Good
Recommendation
Motilal Oswal has market share of 5%, in derivative segment around 3.75%. Revenues from broking business are nearly 86%, EBITDA margin stood at 32%. It is debt free company.
Motilal Oswal has 30 mandates in investment banking business and going to invest Rs 550 crore in PMS.
Investors can apply for the issue, which looks to be good.
Premium on Listing - 80 -90 Rs
August 21, 2007
Boom in Textile Sector
Textile sector will move up in coming weeks.Govt will announce package for textile sector and some reform measures.
BLACKSTONE is buying controlling stake (51%) in Gokuldas export(Nike and other leading brands are outsourcing from Gokuldas).Keep eye on all textile stocks like Alok Inds, Arvindmill ,Gokuldas export.All the 3 stocks will witness amazing turnaround.
Investors will flock to buy textile stocks in coming weeks.
BLACKSTONE is buying controlling stake (51%) in Gokuldas export(Nike and other leading brands are outsourcing from Gokuldas).Keep eye on all textile stocks like Alok Inds, Arvindmill ,Gokuldas export.All the 3 stocks will witness amazing turnaround.
Investors will flock to buy textile stocks in coming weeks.
August 17, 2007
Zylog Systems debuts with 59% premium
Zylog systems
Please refer to my earlier blog http://ideaencash.blogspot.com/2007/07/zylog-systems-limitedc-ipo-status.html, where it clearly states that Zylog system will open on the listing day with a heavy premium .
It has has listed at Rs 557, with premium of 59% over its issue price of Rs 350 per share on the NSE despite negative sentiment in markets.
At 9:59 am, the stock was trading at Rs 422, with volumes of 5,99,055 shares. It has touched an intraday high/low of Rs 525 and Rs 356.20, respectively on the BSE.
On the NSE, the share was quoting at Rs 392, up 12%, with volumes of 5,96,188 shares. It has hit a high/low of Rs 557 and Rs 392, respectively. The turnover stood at Rs 25.55 crore.
All those who were alloted the shares ... Sell Half and recover the cost & keep the rest for long term perspective.
Please refer to my earlier blog http://ideaencash.blogspot.com/2007/07/zylog-systems-limitedc-ipo-status.html, where it clearly states that Zylog system will open on the listing day with a heavy premium .
It has has listed at Rs 557, with premium of 59% over its issue price of Rs 350 per share on the NSE despite negative sentiment in markets.
At 9:59 am, the stock was trading at Rs 422, with volumes of 5,99,055 shares. It has touched an intraday high/low of Rs 525 and Rs 356.20, respectively on the BSE.
On the NSE, the share was quoting at Rs 392, up 12%, with volumes of 5,96,188 shares. It has hit a high/low of Rs 557 and Rs 392, respectively. The turnover stood at Rs 25.55 crore.
All those who were alloted the shares ... Sell Half and recover the cost & keep the rest for long term perspective.
August 11, 2007
Grey Market Premiums as on 11th August 2007
Latest Grey Market Premium Dt. 11-8-2007
Motilal Oswal 95 to 100
Puravankara Projects AT PAR
Take Solutions 320 to 330
KPR Mills 3 to 4
Refex 8 to 10
I V R Prime AT PAR
OMNI Tech Info 65 to 70
Central Bank 37 to 38
Zylog Systems Ltd. 240 to 250
SEL Manufacture Ltd. 1.50 to 2
Asian Granito 6 to 8
Motilal Oswal 95 to 100
Puravankara Projects AT PAR
Take Solutions 320 to 330
KPR Mills 3 to 4
Refex 8 to 10
I V R Prime AT PAR
OMNI Tech Info 65 to 70
Central Bank 37 to 38
Zylog Systems Ltd. 240 to 250
SEL Manufacture Ltd. 1.50 to 2
Asian Granito 6 to 8
August 7, 2007
Cargo business in India set to boom
Lured by the massive expansion of India’s trade, more than six cargo airlines plan to start operations in the country in the next 18 months. Apart from Air India (post-merger) and Jet Airways, both of which will have dedicated cargo units, start-ups like Flyington Freighters and non-scheduled cargo operators like Aryan Cargo Express and Air Cargo Express are planning to start operations by the end of this year or the beginning of next year.
According to a Centre for Asia Pacific Aviation (CAPA) study, India ranks among top 30 freighter markets in the world. Cargo volumes grew nearly 11 per cent last year. The market is projected to grow 20-30 per cent for the next ten years. Though export cargo still dominates in terms of volume (by 3:2), domestic cargo is growing at a faster rate. According to the Airports Authority of India figures, there was a 7.3 per cent increase in international cargo for April compared with the corresponding period of the previous year. Domestic cargo for the same period increased by 13.4 per. “People now want faster means of transport. Also, with food retail coming up in a big way, speed becomes very important,” said Mukul Pathak, the promoter of Aryan Cargo Express, which is set to launch around September.
Indian carriers handle 12-15 per cent cargo volumes while international players handle the rest.Bluedart, which has a market share of around 40 per cent, is the only carrier with dedicated cargo services. It is followed by Jet Airways, which has around 30 per cent market share after merger with Sahara. The share of Indian carriers is slated to rise significantly. Flyington Freighters, promoted by Deccan Chronicle Holdings, is being looked at as one of the most prominent upcoming players in the air cargo business and the only dedicated international cargo airline in India. The airline, which will have Hyderabad as its hub, will have scheduled operations to China, East Asia, Hong Kong, Japan, Malaysia, West Asia, Los Angeles, New York and Europe. The airline is expected to start this month with two leased A330-200Fs. It has placed orders for four other A330-200Fs and four Boeing 777 freighter aircraft. It is also interested in Airbus’ freighter version of A380, the largest air plane ever built. Aryan Cargo Express is set to begin non-scheduled domestic and international operations around October. It will operate from Delhi, Mumbai, Kolkata, Chennai and Kochi, and will fly cargo flights to China, Korea, Japan, Hong Kong, Vietnam and Dubai. “We are awaiting permission from the Ministry of Civil Aviation for scheduled operations. We have a fleet of three Boeing 757-200 freighter aircraft. We will have a fleet size of eight by March next year which will help us get into scheduled operations,” said promoter Mukut Sharma. The airline is looking at 30 per cent investment from foreign cargo companies.
Air Cargo Express, with its dedicated fleet of ATRs, is also supposed to start operations this year. Reliance Retail is also considering starting a cargo airline for its supply chain. Post merger, Air India will have a strategic business unit dedicated to cargo. There are also plans to convert five 737-200s used by Alliance Air for cargo operations. The merged airline plans to have around 15 cargo aircraft servicing the Gulf, the US and the Asian markets in the next three years. Jet Airways is planning to rope in Lufthansa as a partner in its freighter unit. According to CAPA, Jet is the second largest domestic freighter player after Bluedart. According to CAPA estimates, after partnering with Lufthansa, it could increase its services in Germany, which accounted for 13 per cent of the total international freighter market, ousting Bluedart from the top position.
All said and done infrastructure constraints will remain for all the cargo operating Airlines. Thus venturing into the business for cargo airline companies would be a tough task with the infrastructure constraints lying ahead. With liberalisation and technological upgradation, private sector participation in infrastructure services has gained momentum and with the government giving a nod to foreign direct investment (FDI) in infrastructure, Cargo business could see a lot of action in the air.
Analysts see a huge demand-supply gap in the sector unless the airports are upgraded. “None of the major airports in the country have adequate facilities for cargo operations, for instance, high throughput distribution facilities. There supply-side and infrastructure constraints will only be filled if the airports are properly upgraded.
Source : Moneycontrol.com
According to a Centre for Asia Pacific Aviation (CAPA) study, India ranks among top 30 freighter markets in the world. Cargo volumes grew nearly 11 per cent last year. The market is projected to grow 20-30 per cent for the next ten years. Though export cargo still dominates in terms of volume (by 3:2), domestic cargo is growing at a faster rate. According to the Airports Authority of India figures, there was a 7.3 per cent increase in international cargo for April compared with the corresponding period of the previous year. Domestic cargo for the same period increased by 13.4 per. “People now want faster means of transport. Also, with food retail coming up in a big way, speed becomes very important,” said Mukul Pathak, the promoter of Aryan Cargo Express, which is set to launch around September.
Indian carriers handle 12-15 per cent cargo volumes while international players handle the rest.Bluedart, which has a market share of around 40 per cent, is the only carrier with dedicated cargo services. It is followed by Jet Airways, which has around 30 per cent market share after merger with Sahara. The share of Indian carriers is slated to rise significantly. Flyington Freighters, promoted by Deccan Chronicle Holdings, is being looked at as one of the most prominent upcoming players in the air cargo business and the only dedicated international cargo airline in India. The airline, which will have Hyderabad as its hub, will have scheduled operations to China, East Asia, Hong Kong, Japan, Malaysia, West Asia, Los Angeles, New York and Europe. The airline is expected to start this month with two leased A330-200Fs. It has placed orders for four other A330-200Fs and four Boeing 777 freighter aircraft. It is also interested in Airbus’ freighter version of A380, the largest air plane ever built. Aryan Cargo Express is set to begin non-scheduled domestic and international operations around October. It will operate from Delhi, Mumbai, Kolkata, Chennai and Kochi, and will fly cargo flights to China, Korea, Japan, Hong Kong, Vietnam and Dubai. “We are awaiting permission from the Ministry of Civil Aviation for scheduled operations. We have a fleet of three Boeing 757-200 freighter aircraft. We will have a fleet size of eight by March next year which will help us get into scheduled operations,” said promoter Mukut Sharma. The airline is looking at 30 per cent investment from foreign cargo companies.
Air Cargo Express, with its dedicated fleet of ATRs, is also supposed to start operations this year. Reliance Retail is also considering starting a cargo airline for its supply chain. Post merger, Air India will have a strategic business unit dedicated to cargo. There are also plans to convert five 737-200s used by Alliance Air for cargo operations. The merged airline plans to have around 15 cargo aircraft servicing the Gulf, the US and the Asian markets in the next three years. Jet Airways is planning to rope in Lufthansa as a partner in its freighter unit. According to CAPA, Jet is the second largest domestic freighter player after Bluedart. According to CAPA estimates, after partnering with Lufthansa, it could increase its services in Germany, which accounted for 13 per cent of the total international freighter market, ousting Bluedart from the top position.
All said and done infrastructure constraints will remain for all the cargo operating Airlines. Thus venturing into the business for cargo airline companies would be a tough task with the infrastructure constraints lying ahead. With liberalisation and technological upgradation, private sector participation in infrastructure services has gained momentum and with the government giving a nod to foreign direct investment (FDI) in infrastructure, Cargo business could see a lot of action in the air.
Analysts see a huge demand-supply gap in the sector unless the airports are upgraded. “None of the major airports in the country have adequate facilities for cargo operations, for instance, high throughput distribution facilities. There supply-side and infrastructure constraints will only be filled if the airports are properly upgraded.
Source : Moneycontrol.com
August 6, 2007
KPR Mills -IPO Prospects
K.P.R. Mill Limited
Issue Period : 2nd August -7th August
Face Value - Rs 10
Price -Rs 225 -Rs 265
Min .Order -25 shares
Grade - Average
Recommendation - Skip
Comments
This is more of a spinning mill than a garment company. Hence the valuation is considered at par with a spinning industry and its PE multiples should not be more than 5 times. Its highly stretched and nothing is left for investors. Alok Industries is a good bet, its available at a cheaper price
Premium on Listing - Discount
Issue Period : 2nd August -7th August
Face Value - Rs 10
Price -Rs 225 -Rs 265
Min .Order -25 shares
Grade - Average
Recommendation - Skip
Comments
This is more of a spinning mill than a garment company. Hence the valuation is considered at par with a spinning industry and its PE multiples should not be more than 5 times. Its highly stretched and nothing is left for investors. Alok Industries is a good bet, its available at a cheaper price
Premium on Listing - Discount
August 4, 2007
Take Solutions Ltd -IPO Prospects
Take Solutions Ltd.
Issue opens August 1, 2007
Issue closes August 7, 2007
Price band Rs 675 - 730
Face value Rs 10
Issue size (Mn) 1,417 - 1,533
Market Cap (Mn) 8,100 - 8,760
Minimum bid size 9 shares
Multiples of 9 shares
Recommendation - Subscribe
Grade- Good - Hold for Long term for better returns
Company Info
The company is into providing software products and services for Supply Chain Management (SCM) and Life Sciences (LS) Verticals and have 16 products in SCM vertical and have 6 products under LS vertical.
Strategy
From 2007 onwards, the company acquired stakes in various companies to foray into automotive space in India, SCM in South East Asian market and for US markets and to pay debts from the money raised from this issue.
Comment
It will be debt free company in future. Promoters background is also good. People can subscribe to the issue.
Issue opens August 1, 2007
Issue closes August 7, 2007
Price band Rs 675 - 730
Face value Rs 10
Issue size (Mn) 1,417 - 1,533
Market Cap (Mn) 8,100 - 8,760
Minimum bid size 9 shares
Multiples of 9 shares
Recommendation - Subscribe
Grade- Good - Hold for Long term for better returns
Company Info
The company is into providing software products and services for Supply Chain Management (SCM) and Life Sciences (LS) Verticals and have 16 products in SCM vertical and have 6 products under LS vertical.
Strategy
From 2007 onwards, the company acquired stakes in various companies to foray into automotive space in India, SCM in South East Asian market and for US markets and to pay debts from the money raised from this issue.
Comment
It will be debt free company in future. Promoters background is also good. People can subscribe to the issue.
Puravankara Projects Limited -IPO Prospects
Puravankara Projects Limited
Issue Period July 31, 2007 to Aug 08, 2007
Issue Size 21,467,610 Equity Shares
Issue Type 100% Book Building
Face Value Rs. 5/-
Price Range Rs. 400/- to Rs. 450/-
Minimum Lot 10 shares
Recommendation Subscribe
Grade Average - Hold for Long term
Weak market situation has forced Puravankara Projects to reprice their issue to Rs 400-450 from earlier price band of Rs 500-525 per share. The issue was supposed to close today, August 3, 2007 but now it will close on August 8.
Issue Period July 31, 2007 to Aug 08, 2007
Issue Size 21,467,610 Equity Shares
Issue Type 100% Book Building
Face Value Rs. 5/-
Price Range Rs. 400/- to Rs. 450/-
Minimum Lot 10 shares
Recommendation Subscribe
Grade Average - Hold for Long term
Weak market situation has forced Puravankara Projects to reprice their issue to Rs 400-450 from earlier price band of Rs 500-525 per share. The issue was supposed to close today, August 3, 2007 but now it will close on August 8.
Future Plan
Puravankara Projects’ operations cover Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore, Colombo and the UAE. The company has completed 14 residential and one commercial project totalling 3.93 million sq ft of developable area. Ongoing projects aggregate 12.20 million sq ft of saleable area.
Comment
They have a 100% reputation of not delivering projects on time. More ever their customer service and quality is also not good. They have jumped in IPO wagon seeing the response for other real estate companies . It is advised to all the investors to HOLD on this scrip only for the Long term perspective.
Premium on listing - 20%
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