SEEMS A GOOD BUY CMP 49
Provogue (India) - Closure of Buy back
16/02/10 15:28
JM Financial Consultants Pvt Ltd ("Manager to the BuyBack") on behalf of Provogue India Ltd ("Target Company" or "Company") has issued this Announcement to the Shareholders/ Beneficial Owners of Equity Shares of the Target Company, which is in continuation of & should be read in conjunction with the resolution passed by the Board of Directors ("Board Resolution") dated August 14, 2009 published a Public Notice cum Public Announcement ("PN cum PA") dated August 14, 2009 in accordance with the Buy-back Regulations on August 17, 2009.
This PA is regarding completion of Buy-back offer in Compliance with Regulation 19(7) of Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998 as amended ("the Buy-back Regulations").
A. The Buyback:
1. The Company had announced the Buy-back of fully paid Equity Shares of the face value of Rs 2/- each not exceeding 50,00,000 Equity Shares ("Maximum Offer Shares") from the existing owners of Equity Shares other than Persons in Control at a price not exceeding of Rs 100/- per share ("Maximum Offer Price") payable in cash for an aggregate amount not exceeding Rs 50 crores ("Maximum Offer Size"). The minimum number of the Equity Shares that the Company intended to buyback was 20,00,000 Equity Shares ("Minimum Offer Shares").
2. The Buy-back was effected through the methodology of "Open Market purchase through stock exchanges" using the electronic trading facilities of Bombay Stock Exchange ("BSE") & National Stock Exchange ("NSE").
3. The Buy-back Offer was open from August 14, 2009 to February 12, 2010. No orders were placed after February 05, 2010, as announced in the PN cum PA.
B. Details of the Buyback:
1. The total number of Equity Shares bought back under the Buy-back is 20,49,610 Equity Shares and all the shares have been extinguished.
2. The total amount invested in the Buy-back is Rs. 123,939,436 representing 24.79% of the Maximum Offer Size.
3. The price at which the Equity Shares were bought back was dependent on the price quoted on the BSE & NSE. The highest price at which the Shares were bought back was Rs. 69.50/- per share while the lowest price was Rs 53.70/- per Share. The Shares were bought back at an average price of Rs. 60.47/- per Share.
4. As the settlement takes place through a clearing house, the identity of the seller in case of shares bought back in the demat segment is not known. Since all Equity Shares were bought in demat segment from the Stock Exchanges, details of shareholders, if any, who have sold shares exceeding 1% of the total Equity Shares bought back are not available.
PROVOGUE (INDIA) LTD.
Scrip Code : 532647 Quarter ending : December 2009
Shareholding belonging to the category "Public" and holding more than 1% of the Total No.of Shares
Sl. No. Name of the Shareholder No. of Shares Shares as % of Total No. of Shares
1 Genesis Indian Investment Company Ltd 2,082,860 1.81
2 New Vernon India Ltd 4,315,763 3.76
3 Direct Investments Ltd 4,500,000 3.92
4 Nailsfield Ltd 6,000,000 5.23
5 Acacia Partners LP 2,243,375 1.95
6 Rathi Global Finance Limited 1,867,225 1.63
7 Rajesh R Narang 2,324,160 2.02
8 Sandeep G Raheja 2,249,600 1.96
9 Sandeep G Raheja 2,240,000 1.95
10 Rakesh Jhunjhunwala 1,900,000 1.65
11 T Row Price International Inc A/c T Rowe 5,056,299 4.40
12 Fairprice Traders (India) Pvt Ltd 1,525,195 1.33
13 Bennett Coleman & Company Ltd 1,993,074 1.74
14 Money Matters India Pvt Ltd 1,587,055 1.38
Total 39,884,606 34.74
sure to go up
nina
Monday, May 3, 2010
Thursday, April 22, 2010
Marsons Ltd
CMP 22.05
I DELETE THIS POST AS REVISED RESULTS POSTED BY COMPANY ARE NOT THAT MUCH GOOD.
nina
I DELETE THIS POST AS REVISED RESULTS POSTED BY COMPANY ARE NOT THAT MUCH GOOD.
nina
Monday, April 19, 2010
Delta Corporation Ltd
DELTA CORP recommonded at Rs 34.95 alredy 39.1.
short term at least Rs.52 can be expected.
nina
short term at least Rs.52 can be expected.
nina
Thursday, April 15, 2010
SPICE MOBILES LTD
Spice Mobiles. CMP Rs. 51.1
Spice Mobiles (BSE 517214 NSE: SPICEMOBIL) is a leading Mobile Handset company, one of the
fastest growing, with a substantial presence across India, Nepal and Bangladesh. Spice Mobiles currently is the 2nd largest mobile handset brand in many parts of Northern India, selling nearly 1.5 million mobile
handsets per quarter up from 0.9 million last quarter, largely attributable to a ramp up of its distribution
network from 40000 to nearly 50,000 outlets, introduction of state of the art range of mobile phones etc.
Spice Mobiles Limited posted excellent results for the 9 months period ending December 2009 for FY0910 reporting a Revenue of Rs. 702 crore , EBIDTA of Rs. 73.9 crore and PAT of Rs. 47.5 crore. Its Earnings Per Share (EPS) increased to Rs.6.36 compared to a negative EPS of Rs.1.37 for the corresponding 9 months period of FY0809. Spice Mobiles has been known for its innovative and feature rich products from the pioneering Dual SIM, Flexi-Dual and Multi-SIM Phones to Mutli SIM-Windows OS mobiles. Spice Mobiles won the coveted 2007 Golden Peacock Award for Innovation. The bigger story in Spice Mobiles is that Spice Televentures is going to be merged in this company. By this merger four value added businesses are going to be a part of this new entity which is going to be called as SPICE MOBILITY. Spice Mobility will be having three businesses. One is the handset business which is the standalone business which currently is a listed entity. The other business which will come into its kitty is the VAS (value-added service) business. As you are aware that the value added services is a very followed space by most of the players because this is one space where the margins are much better than the normal ARPUs (Average Revenue per User) which most of the telecom players get. And third will be mobile retail stores chain.
About Spice Televentures
Spice Televentures is the holding company for Spice Mobiles; currently holding 63.25% of the equity capital of Spice Mobiles. In addition to Spice Mobiles the other subsidiaries of Spice Televentures are Spice Digital, Spice Retail, Spice Labs and Bharat BPO which is a 50-50 joint venture with Spanco Telesystems.. So the business interests of STPL include:
Spice Digital Ltd. . Spice Digital ,which is going to be merged, is the second largest mobile Value Added Services provider in the country, reaching almost 500 million mobile subscribers. It has deployments across all the carriers and as of December 2009 had an active subscriber base of over 31 million mobile subscribers using its services. In the first 9 months of this current financial year Spice Digital has revenues close to 135 Crore with an EBITDA margin of around 30%.,so it is EPS accretive to the company.
Spice Retail - The second company under Spice Televentures is Spice Retail. Spice Retail was the
first national chain in the telecom retail business, retailing multi-brand mobiles, accessories, connections,
content, and music and after sales service. With over 720+stores across 139 cities it is the second largest
player in the organized mobile retail market. Spice Retail acquired leading retail chains Cellucom in Feb 09 and Global Access in Jan 10. Was voted the best in Customer Service by Mint-Pitch and voted the Best Large Format Retailer in North India by Voice & Data. In the 9 months of the current financial year Spice Retail had revenues close to Rs. 500 Crore with an average store base of 550 stores. In the last quarter ending December 209 the business turned EBITDA positive.
Spice Labs . Spice Labs is a technology incubator operating in the rapidly growing area of mobile internet and applications. It is one of the leading innovators in the mobile internet space, spanning technology platforms, application stores and enterprise applications Spice Labs with its very strong technology focus as a key differentiator in future strategy of it to ride the mobile internet wave. The company was incubated nearly 3 years ago, and works on development of Mobile Internet Platform and Application Development space. It has developed MITR, a Mobile Internet Platform that is Handset/OS agnostic, on which to develop applications. Currently partners leading brands such as Naukri.com, Jeevansathi.com, Sulekha.com, FinancialExpress.com.
Bharat BPO Services . Bharat BPO the 5th company in the Spice Televentures stable is a 50-50 joint venture with Spanco and it is a managed services provider. It has a 10 year exclusive contract to manage the 139 Indian Railway inquiry service. Currently it addresses over 700,000 passenger queries a day with a high degree of automation using innovative IVR technologies.
The two boards of Spice Mobile and Spice Televentures recently met and passed a scheme of amalgamation wherein there is a proposal to merge Spice Televentures with Spice Mobiles thus creating an entity to be called a Spice Mobility which will have Spice Digital, Spice Retail and Spice Labs as it’s subsidiaries. The swap ratio is proposed at 7.9 shares of Spice Mobiles for every share of Spice Televentures. As part of the scheme the existing Spice Televentures shareholding in Spice Mobiles is proposed to be extinguished.This merger seems beneficial for current Spice Mobile shareholders. Spice Mobile shareholders can now participate in the full spectrum of value creation in the mobility space that the group is pursuing and aligns the interests to the group’s interest. The transaction values the Spice Mobile share at Rs.109 per share.
Corporate Announcement
31 January 2010
Subject: Spice Mobiles - Outcome of Board Meeting
Announcement: Spice Mobiles Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 30, 2010, has transacted the following:
1. Approved a Scheme of Amalgamation (the Scheme) for the merger of M/s. Spice Televentures Pvt. Ltd. (STPL) into the Company with effect from January 01, 2010 being the Appointed Date under the Scheme; and
2. Took on record the valuation carried out by M/s. BSR & Co., Chartered Accountants vide their report dated January 30, 2010. As per the report, the Company's shares have been valued at Rs. 109 per equity share and STPL's shares have been valued at Rs. 862 / equity share. The Company has also received a "Fairness Report from Karvy Investor Services Ltd, endorsing the valuation and swap ratio recommended by the valuers as fair.
The Board of Directors of STPL and the Company have accepted the swap ratio of 791 equity shares of the Company for every 100 equity shares held in STPL. As a result of this, on approval of the 'Scheme' by the shareholders and relevant authorities, 16.34 Crore equity shares will be issued to the shareholders of STPL as on the Record Date. The existing equity shares of the Company held by STPL will be extinguished. The equity capital of the Company post completion of this action will be 19.09 Crore equity shares of Rs. 3 each.
Aforesaid Scheme shall, inter-alia, be subject to approval of the Shareholders / Creditors of respective Companies, the Hon'ble High Courts of Allahabad and Delhi and other statutory / regulatory authorities.
The numbers from January 2010 will be the part of merged entity Spice Mobility. However just to give you an idea on the performance of each of the businesses over the last nine months, Spice Digital achieved a revenue of Rs. 135 Crore and an EBITDA of Rs. 40 Crore. This is for the 9 months period, April 2009 to December 2009. And the Spice Retail revenue is about Rs. 475 Crore and it has an EBITDA loss of Rs. 34 Crore. To add here that Spice Retail has already achieved an EBITDA breakeven at the store level in the last quarter. So this figure is for the 9 months ending December 2009. Now these are the two main businesses under Spice Televentures, apart from Spice Mobiles. The Spice Mobile numbers are known to you already, it had revenue of Rs. 700 Crore and an EBITDA of Rs. 74 Crore. So on a consolidated level if you look at Spice Mobility numbers for the 9 months ended December 2009 it would be revenue of Rs. 1,350 Crore and EBITDA of Rs. 110 Crore.
Source – ANALYST CALL TRANSCRIPT
http://www.spiceglobal.com/Corporate/investors.aspx?pin=5c9de3b1-937e-4df9-a589-3866b675f446
When the merger gets completed, there will be an insignificant debt, and practically there is no debt. In fact there will be a cash of Rs. 300 Crore in the merged entity once the merger gets completed.which means cash of Rs.16 per share post merger.Even Considering profit only of spice mobiles which should be around 71 crores on net basis for year ending March 2010 EPS comes around 3.73.
At CMP Rs.51 share looks cheap after taking out Rs.16 as cash PLUS addition of bussiness of Spice Televentures.
Corporate Announcement
Scrip Code:517214 Company:Spice Mobiles Ltd
13 April 2010
Subject: Spice Mobiles - Updates
Announcement:
Spice Mobiles Ltd has informed BSE that the Company has commenced the production of Spice Mobile Phones at its factory situated at BADDI.
In pursuant to the commencement of above-mentioned production activity, Spice has
become the "First Indian Mobile Phone Brand" to commence local manufacturing of mobile phones in India.
NINA
Spice Mobiles (BSE 517214 NSE: SPICEMOBIL) is a leading Mobile Handset company, one of the
fastest growing, with a substantial presence across India, Nepal and Bangladesh. Spice Mobiles currently is the 2nd largest mobile handset brand in many parts of Northern India, selling nearly 1.5 million mobile
handsets per quarter up from 0.9 million last quarter, largely attributable to a ramp up of its distribution
network from 40000 to nearly 50,000 outlets, introduction of state of the art range of mobile phones etc.
Spice Mobiles Limited posted excellent results for the 9 months period ending December 2009 for FY0910 reporting a Revenue of Rs. 702 crore , EBIDTA of Rs. 73.9 crore and PAT of Rs. 47.5 crore. Its Earnings Per Share (EPS) increased to Rs.6.36 compared to a negative EPS of Rs.1.37 for the corresponding 9 months period of FY0809. Spice Mobiles has been known for its innovative and feature rich products from the pioneering Dual SIM, Flexi-Dual and Multi-SIM Phones to Mutli SIM-Windows OS mobiles. Spice Mobiles won the coveted 2007 Golden Peacock Award for Innovation. The bigger story in Spice Mobiles is that Spice Televentures is going to be merged in this company. By this merger four value added businesses are going to be a part of this new entity which is going to be called as SPICE MOBILITY. Spice Mobility will be having three businesses. One is the handset business which is the standalone business which currently is a listed entity. The other business which will come into its kitty is the VAS (value-added service) business. As you are aware that the value added services is a very followed space by most of the players because this is one space where the margins are much better than the normal ARPUs (Average Revenue per User) which most of the telecom players get. And third will be mobile retail stores chain.
About Spice Televentures
Spice Televentures is the holding company for Spice Mobiles; currently holding 63.25% of the equity capital of Spice Mobiles. In addition to Spice Mobiles the other subsidiaries of Spice Televentures are Spice Digital, Spice Retail, Spice Labs and Bharat BPO which is a 50-50 joint venture with Spanco Telesystems.. So the business interests of STPL include:
Spice Digital Ltd. . Spice Digital ,which is going to be merged, is the second largest mobile Value Added Services provider in the country, reaching almost 500 million mobile subscribers. It has deployments across all the carriers and as of December 2009 had an active subscriber base of over 31 million mobile subscribers using its services. In the first 9 months of this current financial year Spice Digital has revenues close to 135 Crore with an EBITDA margin of around 30%.,so it is EPS accretive to the company.
Spice Retail - The second company under Spice Televentures is Spice Retail. Spice Retail was the
first national chain in the telecom retail business, retailing multi-brand mobiles, accessories, connections,
content, and music and after sales service. With over 720+stores across 139 cities it is the second largest
player in the organized mobile retail market. Spice Retail acquired leading retail chains Cellucom in Feb 09 and Global Access in Jan 10. Was voted the best in Customer Service by Mint-Pitch and voted the Best Large Format Retailer in North India by Voice & Data. In the 9 months of the current financial year Spice Retail had revenues close to Rs. 500 Crore with an average store base of 550 stores. In the last quarter ending December 209 the business turned EBITDA positive.
Spice Labs . Spice Labs is a technology incubator operating in the rapidly growing area of mobile internet and applications. It is one of the leading innovators in the mobile internet space, spanning technology platforms, application stores and enterprise applications Spice Labs with its very strong technology focus as a key differentiator in future strategy of it to ride the mobile internet wave. The company was incubated nearly 3 years ago, and works on development of Mobile Internet Platform and Application Development space. It has developed MITR, a Mobile Internet Platform that is Handset/OS agnostic, on which to develop applications. Currently partners leading brands such as Naukri.com, Jeevansathi.com, Sulekha.com, FinancialExpress.com.
Bharat BPO Services . Bharat BPO the 5th company in the Spice Televentures stable is a 50-50 joint venture with Spanco and it is a managed services provider. It has a 10 year exclusive contract to manage the 139 Indian Railway inquiry service. Currently it addresses over 700,000 passenger queries a day with a high degree of automation using innovative IVR technologies.
The two boards of Spice Mobile and Spice Televentures recently met and passed a scheme of amalgamation wherein there is a proposal to merge Spice Televentures with Spice Mobiles thus creating an entity to be called a Spice Mobility which will have Spice Digital, Spice Retail and Spice Labs as it’s subsidiaries. The swap ratio is proposed at 7.9 shares of Spice Mobiles for every share of Spice Televentures. As part of the scheme the existing Spice Televentures shareholding in Spice Mobiles is proposed to be extinguished.This merger seems beneficial for current Spice Mobile shareholders. Spice Mobile shareholders can now participate in the full spectrum of value creation in the mobility space that the group is pursuing and aligns the interests to the group’s interest. The transaction values the Spice Mobile share at Rs.109 per share.
Corporate Announcement
31 January 2010
Subject: Spice Mobiles - Outcome of Board Meeting
Announcement: Spice Mobiles Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 30, 2010, has transacted the following:
1. Approved a Scheme of Amalgamation (the Scheme) for the merger of M/s. Spice Televentures Pvt. Ltd. (STPL) into the Company with effect from January 01, 2010 being the Appointed Date under the Scheme; and
2. Took on record the valuation carried out by M/s. BSR & Co., Chartered Accountants vide their report dated January 30, 2010. As per the report, the Company's shares have been valued at Rs. 109 per equity share and STPL's shares have been valued at Rs. 862 / equity share. The Company has also received a "Fairness Report from Karvy Investor Services Ltd, endorsing the valuation and swap ratio recommended by the valuers as fair.
The Board of Directors of STPL and the Company have accepted the swap ratio of 791 equity shares of the Company for every 100 equity shares held in STPL. As a result of this, on approval of the 'Scheme' by the shareholders and relevant authorities, 16.34 Crore equity shares will be issued to the shareholders of STPL as on the Record Date. The existing equity shares of the Company held by STPL will be extinguished. The equity capital of the Company post completion of this action will be 19.09 Crore equity shares of Rs. 3 each.
Aforesaid Scheme shall, inter-alia, be subject to approval of the Shareholders / Creditors of respective Companies, the Hon'ble High Courts of Allahabad and Delhi and other statutory / regulatory authorities.
The numbers from January 2010 will be the part of merged entity Spice Mobility. However just to give you an idea on the performance of each of the businesses over the last nine months, Spice Digital achieved a revenue of Rs. 135 Crore and an EBITDA of Rs. 40 Crore. This is for the 9 months period, April 2009 to December 2009. And the Spice Retail revenue is about Rs. 475 Crore and it has an EBITDA loss of Rs. 34 Crore. To add here that Spice Retail has already achieved an EBITDA breakeven at the store level in the last quarter. So this figure is for the 9 months ending December 2009. Now these are the two main businesses under Spice Televentures, apart from Spice Mobiles. The Spice Mobile numbers are known to you already, it had revenue of Rs. 700 Crore and an EBITDA of Rs. 74 Crore. So on a consolidated level if you look at Spice Mobility numbers for the 9 months ended December 2009 it would be revenue of Rs. 1,350 Crore and EBITDA of Rs. 110 Crore.
Source – ANALYST CALL TRANSCRIPT
http://www.spiceglobal.com/Corporate/investors.aspx?pin=5c9de3b1-937e-4df9-a589-3866b675f446
When the merger gets completed, there will be an insignificant debt, and practically there is no debt. In fact there will be a cash of Rs. 300 Crore in the merged entity once the merger gets completed.which means cash of Rs.16 per share post merger.Even Considering profit only of spice mobiles which should be around 71 crores on net basis for year ending March 2010 EPS comes around 3.73.
At CMP Rs.51 share looks cheap after taking out Rs.16 as cash PLUS addition of bussiness of Spice Televentures.
Corporate Announcement
Scrip Code:517214 Company:Spice Mobiles Ltd
13 April 2010
Subject: Spice Mobiles - Updates
Announcement:
Spice Mobiles Ltd has informed BSE that the Company has commenced the production of Spice Mobile Phones at its factory situated at BADDI.
In pursuant to the commencement of above-mentioned production activity, Spice has
become the "First Indian Mobile Phone Brand" to commence local manufacturing of mobile phones in India.
NINA
Monday, April 5, 2010
MID CAPS TO OUTPERFORM
HERE ARE SOME STOCKS I FEEL CAN GIVE GOOD RETURNS.
DO YOUR HOME WORK BEFORE JUMPING.
STOCK CMP
ABG INFRA 199.8
ABHISEK INDUSTRIES 17.1
AGRO TECH FOODS 254.55
ALOK INDUSTRIES 22.9
ALPS INDUSTRIES 12
ALUMCO 11.13
ANG export 43.05
ANU LABS 7.02
APTECH 171.35
ARVIND LTD 34.5
ASAHI INDIA 63.15
ASTEC LIFE 51.3
ATUL 91.75
AUTOLINE 122
AXIS IT & T 68.65
CORDS CABLE 43.15
DELTA CORP 34.95
delton cable 77
DISH TV 37.05
ELECON 76.95
FIRST SOURCE 30.45
GEOJIT BNP 37.85
GEOMETRIC 67.75
GLENMARK 269
GODREJ IND 154.6
GTL INFRA 43.75
HENKEL INDIA 34.35
HIMLYA INT 37.25
HOEC 250.85
IFB IND 91.3
INFOMEDIA 18 33.35
ISPAT IND 20.4
Jaibala IND 245.7
JCT LTD 3.47
KAMADGIRI SYNTH 48
LOGIX MICRO 51.85
MAN IND 74.8
MANGLAM TIMBER 27.4
MIC ELECTRONICS 43.15
MOSER BAER 75.9
NICCO CORP 5.75
PRAJ IND 90.5
PUNJAB WOOL 8.12
RAJ OIL 64.8
REFEX REFRIGERANTS 24.25
REI AGRO 48.95
RISHI LASER 58.7
SUBEX SYST 65.45
SUMEET IND 25.45
SUVEN LIFE 31.15
TAKE SOLUTIONS 26.15
TV 18 78.6
VICEROY HOTEL 48.95
VIJAY SHANTI BUILDER 44.4
VULCAN 28.55
W S INDUSTRIES 46.2
NINA
DO YOUR HOME WORK BEFORE JUMPING.
STOCK CMP
ABG INFRA 199.8
ABHISEK INDUSTRIES 17.1
AGRO TECH FOODS 254.55
ALOK INDUSTRIES 22.9
ALPS INDUSTRIES 12
ALUMCO 11.13
ANG export 43.05
ANU LABS 7.02
APTECH 171.35
ARVIND LTD 34.5
ASAHI INDIA 63.15
ASTEC LIFE 51.3
ATUL 91.75
AUTOLINE 122
AXIS IT & T 68.65
CORDS CABLE 43.15
DELTA CORP 34.95
delton cable 77
DISH TV 37.05
ELECON 76.95
FIRST SOURCE 30.45
GEOJIT BNP 37.85
GEOMETRIC 67.75
GLENMARK 269
GODREJ IND 154.6
GTL INFRA 43.75
HENKEL INDIA 34.35
HIMLYA INT 37.25
HOEC 250.85
IFB IND 91.3
INFOMEDIA 18 33.35
ISPAT IND 20.4
Jaibala IND 245.7
JCT LTD 3.47
KAMADGIRI SYNTH 48
LOGIX MICRO 51.85
MAN IND 74.8
MANGLAM TIMBER 27.4
MIC ELECTRONICS 43.15
MOSER BAER 75.9
NICCO CORP 5.75
PRAJ IND 90.5
PUNJAB WOOL 8.12
RAJ OIL 64.8
REFEX REFRIGERANTS 24.25
REI AGRO 48.95
RISHI LASER 58.7
SUBEX SYST 65.45
SUMEET IND 25.45
SUVEN LIFE 31.15
TAKE SOLUTIONS 26.15
TV 18 78.6
VICEROY HOTEL 48.95
VIJAY SHANTI BUILDER 44.4
VULCAN 28.55
W S INDUSTRIES 46.2
NINA
Sunday, March 21, 2010
WOLFE IN PRAJ AND W S INDUSTRIES
Wolfe Wave
What Does Wolfe Wave Mean?
In technical analysis, it is a naturally occurring trading pattern present in all financial markets. The pattern
is composed of five waves showing supply and demand and a fight towards an equilibrium price.
These patterns can develop over short- and long-term time frames such as minutes or weeks and are
used to predict where a price is heading and when it will get there.
If identified correctly, Wolfe waves can be used to accurately predict the scope (equilibrium price) of the underlying security. To identify Wolfe waves, they must have the following characteristics:
Waves 3-4 must stay within the channel created by 1-2
Wave 1-2 equals waves 3-4 (shows symmetry)
Wave 4 is within the channel created by waves 1-2
There is regular time between all waves
Wave 5 exceeds trendline created by waves 1 and 3 and is the entry point
The estimated target price is a price along the trendline created by waves 1 and 4 (point 6).
Please note that point 5 shown on the diagram above is a move slightly above or below the channel created by waves 1-2 & 3-4. This move is usually a false breakout or breakdown of the original channel and is the best place to enter a stock long or short. The false action at point 5 occurs most of the time in the pattern but isn’t absolutely necessary. Point 6 is the target level from point 5 and is the most profitable part of the Wolfwave channel pattern. The target price (Point 6) is found by connecting points 1 and 4.
I JUST CAME ACROSS FEW SUCH PATTERNS ,ONLY FUTURE WILL DECIDE WORTH. JUST LEARNING.
W.S.INDUSTRIES (INDIA) LTD
PRAJ INDUSTRIES LTD.
NINA
What Does Wolfe Wave Mean?
In technical analysis, it is a naturally occurring trading pattern present in all financial markets. The pattern
is composed of five waves showing supply and demand and a fight towards an equilibrium price.
These patterns can develop over short- and long-term time frames such as minutes or weeks and are
used to predict where a price is heading and when it will get there.
If identified correctly, Wolfe waves can be used to accurately predict the scope (equilibrium price) of the underlying security. To identify Wolfe waves, they must have the following characteristics:
Waves 3-4 must stay within the channel created by 1-2
Wave 1-2 equals waves 3-4 (shows symmetry)
Wave 4 is within the channel created by waves 1-2
There is regular time between all waves
Wave 5 exceeds trendline created by waves 1 and 3 and is the entry point
The estimated target price is a price along the trendline created by waves 1 and 4 (point 6).
Please note that point 5 shown on the diagram above is a move slightly above or below the channel created by waves 1-2 & 3-4. This move is usually a false breakout or breakdown of the original channel and is the best place to enter a stock long or short. The false action at point 5 occurs most of the time in the pattern but isn’t absolutely necessary. Point 6 is the target level from point 5 and is the most profitable part of the Wolfwave channel pattern. The target price (Point 6) is found by connecting points 1 and 4.
I JUST CAME ACROSS FEW SUCH PATTERNS ,ONLY FUTURE WILL DECIDE WORTH. JUST LEARNING.
W.S.INDUSTRIES (INDIA) LTD
PRAJ INDUSTRIES LTD.
NINA
Tuesday, March 2, 2010
SREI INFRASTRUCTURE FINANCE LTD
SREI INFRASTRUCTURE FINANCE LTD CMP 69.1 02/03/2010
Scrip Name : SREI Infra Group : B
Scrip Code : 523756 Scrip Id : SREINFRA Face Value : 10
A lot of developments taking place , here are my bits and pieces.
Company Overview
Srei is a Holistic Infrastructure Institution, constantly and consistently ideating to deliver innovative solutions in infrastructure space, thus playing a significant role in nation-building for over two decades, both in urban and rural India. Srei's businesses include Infrastructure Equipment Leasing & Finance, Infrastructure Project Finance, Advisory & Development, Insurance Broking, Venture Capital, Capital Market and Sahaj e -Village. Srei has a pan-India presence with a network of 63 offices and has also replicated its business model overseas with three offices in Russia. Srei is the first Indian infrastructure financing institution to get listed on the London Stock Exchange. Srei Equipment Finance Pvt. Ltd., a joint venture between Srei Infrastructure and BNP Paribas Lease Group, a wholly owned subsidiary of BNP Paribas, is a Srei Group company engaged in Infrastructure Equipment Leasing and Financing Business.
With a customer base of over 15,000, over Rs. 12,000 crore in Consolidated Assets Under Management and total capital base of over Rs. 700 crore, Srei today has emerged as the largest player in a fiercely competitive market of infrastructure equipment financing. Srei has entered into a strategic alliance with BNP Paribas Lease Group, a subsidiary of BNP Paribas of France, for equipment financing business through a joint - venture. The JV will expand to financing in new areas such as agriculture equipment, medical equipment, information technology and other equipment classes.
Srei has taken the initiative of building rural infrastructure in the country on an information and technology platform under the National e-Governance Plan of the Government of India. This mega project envisages setting up nearly 29,000 common service centres in six states and will offer a host of B2B, B2C and G2C services over 30 crore rural population.
To broad base its shareholding, Srei was the first Indian Infrastructure Financing Institution to be listed on the London Stock Exchange (LSE) way back in 2005. Besides, many international institutions including International Finance Corporation (IFC) Washington (World Bank Group), KfW & DEG Germany (Financial Institutions owned by the Government of Germany), FMO (Financial Institution owned by the Government of Netherlands), BIO (Financial Institution owned by the Government of Belgium) and FINFUND (Financial Institution owned by the Government of Finland) are among the stakeholders in the Company.
FROM RECENT BUDGET
Energy
60. Government accords the highest priority to capacity addition in the power sector. The framework for induction of super critical technology in large capacity power plants of National Thermal Power Corporation is now in place. The Mega Power Policy has been modified and is now consistent with the National Electricity Policy, 2005 and Tariff Policy, 2006. It will help in lowering the cost of generation and the cost of power purchased by distribution utilities. I have more than doubled the plan allocation for power sector from Rs.2,230 crore in 2009-10 to Rs.5,130 crore in 2010-11. This does not include allocations for RGGVY, which is a part of Bharat Nirman.
61. Coal is the mainstay of India's energy sector and 75 per cent of the power generation is currently coal based. It is proposed to introduce a competitive bidding process for allocating coal blocks for captive mining to ensure greater transparency and increased participation in production from these blocks.
62. Government proposes to take steps to set up a "Coal Regulatory Authority" to create a level playing field in the coal sector. This would facilitate resolution of issues like economic pricing of coal and benchmarking of standards of performance.
63. The Jawaharlal Nehru National Solar Mission envisages establishing India as a global leader in solar energy. An ambitious target of 20,000 MW of solar power by the year 2022 has been set under the mission. I propose to increase the plan outlay for the Ministry of New and Renewable Energy by 61 per cent from Rs.620 crore in 2009-10 to Rs.1,000 crore in 2010-11.
64. The Ladakh region of Jammu and Kashmir faces an extremely harsh climate and suffers from energy deficiency. To address this problem, it is proposed to set up solar, small hydro and micro power projects at a cost of about Rs.500 crore.
Srei to pick up 30% in Bhaskar Solar for Rs 5,000 cr
Srei Infrastructure Finance is close to picking up between 15 and 30 percent stakes in Bhaskar Silicon, which is putting up the world's first and the largest integrated Solar Power Plant and India's first Polysilicon-Solar Plant in Haldia, West Bengal with a capital outlay of Rs 5000 crore.
Earlier, the ¤375 million Centrotherm Photovoltaics, one of the world’s leading providers of technology and services for the photovoltaics industry, and Perseus LLC, the Washington-headquartered merchant bank and private equity fund management company (which manages seven investment funds with capital commitments totalling nearly $2 billion and co-manages a $449 million fund), had agreed to pick up significant stakes in the company.
Confirming the developments, Srei’s vice-chairman and managing director Hemant Kanoria told Financial Chronicle, “Yes we are close to picking up substantial stakes in Bhaskar Silicon, with power being one of the thrust areas for the group. We may take up to 30 per cent stakes but under no circumstances it will be less than 15 per cent.”
Refusing to divulge the exact value of their equity infusion, Kanoria said, “We will have both equity and debt exposures into the company.”
Earlier, the company had announced that nearly Rs 1,500 crore would come as equity while the rest would come as debt.
It may be mentioned that Srei Infrastructure Finance and Bhaskar Silicon had already participated in a consortium called India Power Corporation (IPCL) to pick up a controlling 57.17 per cent stake in power utility DPSC.
Srei’s power arm already runs two 35mw wind power units in Karnataka and Gujrat and waiting for the “right opportune moment to grow-organically and inorganically”, said Kanoria. “We have sufficient reserves and sufficient line of credit to finance our expansions on the power front. But we are not in a hurry. We will grow cautiously, conservatively and yet aggressively,” added Kanoria.
http://www.mydigitalfc.com/stock-market/srei-pick-30-bhaskar-solar-rs-5000-cr-259
RBI has issued a notification for introducing a new category of NBFCs
as Infrastructure Finance Companies (IFCs) in view of the critical role played by them in providing credit to the infrastructure sector.Companies like SREI will benefit.
http://rbi.org.in/scripts/NotificationUser.aspx?Id=5503&Mode=0#A
Srei Infrastructure, Quippo merger in April / BONUS 4:5
Kolkata: Srei Infrastructure Finance has decided to merge its its associate company Quippo Infrastructure Equipment with itself in order to bring both the companies’ infrastructure business under one umbrella.
Accordingly the shareholders of Quippo, in which Srei holds 17% and the Kanoria family 58%, will receive three shares for every two shares held in Quippo, Hemant Kanoria, chairman and managing director of Srei Infrastructure Finance, said.
He said the promoter’s shareholding in Srei would also go up from 30% to 46% after the merger with the net worth of the combined entity reaching Rs 2,000 crore. Srei’s net worth as on March 2009 was Rs 750 crore, he added.
Quippo's business activity involves construction equipment, energy, oil and gas equipment and telecom tower infrastructure rentals. The merger will be effective from April 1, 2010, Kanoria added.
With the merger, Quippo Infrastructure’s all five subsidiaries will come under Srei. Quippo Telecom Infrastructure Ltd (QTIL), which picked up 49% stake in Wireless Tata Telecom Infrastructure (WTTL), the Tata Teleservices’ tower arm, will also come under Srei after the merger.
The Srei board has also decided to capitalise a part of its reserves and issue bonus shares at a ratio of 4:5 to the shareholders of Srei.
Srei Infrastructure has reported a net profit of Rs 44.20 crore for the third quarter of the current fiscal, against Rs 8.77 crore in the same period last fiscal.
Consolidated disbursement done by Srei during the quarter to December 31, 2009, was Rs 2,000 crore, against Rs 295 crore in the same period last fiscal.
Srei at the end of the third quarter of the fiscal has assets worth of Rs 12,161.45 crore under its control, compared with Rs 10, 024.90 crore worth of assets under its control during the corresponding period last fiscal.
http://www.financialexpress.com/news/Srei-Infrastructure--Quippo-merger-in-April/572808/
http://www.bseindia.com/qresann/news.asp?newsid={9461F03B-96E1-48D1-8D25-C8CC96892DD8}¶m1=1
Quarterly Results of SREI Infrastructure Finance ------------------- in Rs. Cr. -------------------
Dec '08 Mar '09 Jun '09 Sep '09 Dec '09
Sales Turnover 40.56 72.47 55.93 119.92 127.19
Other Income 0.06 0.41 -- 0.04 0.10
Total Income 40.62 72.88 55.93 119.96 127.29
Total Expenses -6.89 17.31 12.32 12.35 13.42
Operating Profit 47.45 55.16 43.61 107.57 113.77
Gross Profit 47.51 55.57 43.61 107.61 113.87
Interest 41.41 77.44 7.14 79.40 68.54
PBDT 6.10 -21.87 36.47 28.21 45.33
Depreciation 2.13 3.22 2.44 2.44 2.49
Depreciation On Revaluation Of Assets -- -- -- -- --
PBT 3.97 -25.09 34.03 25.77 42.84
Tax 1.62 -24.65 -- 8.19 14.34
Net Profit 2.35 -0.44 34.03 17.58 28.50
Earnings Per Share 0.20 -- 2.93 1.51 2.45
Equity 116.29 116.29 116.29 116.29 116.29
Reserves -- 560.77 -- -- --
Face Value 10.00 10.00 10.00 10.00 10.00
NSE BULK DEAL Data for SREINTFIN from 01-02-2010 to 02-03-2010
26-Feb-2010 SREINTFIN SREI Infrastructure Finan JHUNJHUNWALA REKHA BUY 625,000 65.11
02-Mar-2010 SREINTFIN SREI Infrastructure Finan JHUNJHUNWALA REKHA BUY 625,000 69.31
TECHNICALS
MORE ON SREI ---
http://www.srei.com/Scripts/IRAnalystReport.aspx
NINA
Scrip Name : SREI Infra Group : B
Scrip Code : 523756 Scrip Id : SREINFRA Face Value : 10
A lot of developments taking place , here are my bits and pieces.
Company Overview
Srei is a Holistic Infrastructure Institution, constantly and consistently ideating to deliver innovative solutions in infrastructure space, thus playing a significant role in nation-building for over two decades, both in urban and rural India. Srei's businesses include Infrastructure Equipment Leasing & Finance, Infrastructure Project Finance, Advisory & Development, Insurance Broking, Venture Capital, Capital Market and Sahaj e -Village. Srei has a pan-India presence with a network of 63 offices and has also replicated its business model overseas with three offices in Russia. Srei is the first Indian infrastructure financing institution to get listed on the London Stock Exchange. Srei Equipment Finance Pvt. Ltd., a joint venture between Srei Infrastructure and BNP Paribas Lease Group, a wholly owned subsidiary of BNP Paribas, is a Srei Group company engaged in Infrastructure Equipment Leasing and Financing Business.
With a customer base of over 15,000, over Rs. 12,000 crore in Consolidated Assets Under Management and total capital base of over Rs. 700 crore, Srei today has emerged as the largest player in a fiercely competitive market of infrastructure equipment financing. Srei has entered into a strategic alliance with BNP Paribas Lease Group, a subsidiary of BNP Paribas of France, for equipment financing business through a joint - venture. The JV will expand to financing in new areas such as agriculture equipment, medical equipment, information technology and other equipment classes.
Srei has taken the initiative of building rural infrastructure in the country on an information and technology platform under the National e-Governance Plan of the Government of India. This mega project envisages setting up nearly 29,000 common service centres in six states and will offer a host of B2B, B2C and G2C services over 30 crore rural population.
To broad base its shareholding, Srei was the first Indian Infrastructure Financing Institution to be listed on the London Stock Exchange (LSE) way back in 2005. Besides, many international institutions including International Finance Corporation (IFC) Washington (World Bank Group), KfW & DEG Germany (Financial Institutions owned by the Government of Germany), FMO (Financial Institution owned by the Government of Netherlands), BIO (Financial Institution owned by the Government of Belgium) and FINFUND (Financial Institution owned by the Government of Finland) are among the stakeholders in the Company.
FROM RECENT BUDGET
Energy
60. Government accords the highest priority to capacity addition in the power sector. The framework for induction of super critical technology in large capacity power plants of National Thermal Power Corporation is now in place. The Mega Power Policy has been modified and is now consistent with the National Electricity Policy, 2005 and Tariff Policy, 2006. It will help in lowering the cost of generation and the cost of power purchased by distribution utilities. I have more than doubled the plan allocation for power sector from Rs.2,230 crore in 2009-10 to Rs.5,130 crore in 2010-11. This does not include allocations for RGGVY, which is a part of Bharat Nirman.
61. Coal is the mainstay of India's energy sector and 75 per cent of the power generation is currently coal based. It is proposed to introduce a competitive bidding process for allocating coal blocks for captive mining to ensure greater transparency and increased participation in production from these blocks.
62. Government proposes to take steps to set up a "Coal Regulatory Authority" to create a level playing field in the coal sector. This would facilitate resolution of issues like economic pricing of coal and benchmarking of standards of performance.
63. The Jawaharlal Nehru National Solar Mission envisages establishing India as a global leader in solar energy. An ambitious target of 20,000 MW of solar power by the year 2022 has been set under the mission. I propose to increase the plan outlay for the Ministry of New and Renewable Energy by 61 per cent from Rs.620 crore in 2009-10 to Rs.1,000 crore in 2010-11.
64. The Ladakh region of Jammu and Kashmir faces an extremely harsh climate and suffers from energy deficiency. To address this problem, it is proposed to set up solar, small hydro and micro power projects at a cost of about Rs.500 crore.
Srei to pick up 30% in Bhaskar Solar for Rs 5,000 cr
Srei Infrastructure Finance is close to picking up between 15 and 30 percent stakes in Bhaskar Silicon, which is putting up the world's first and the largest integrated Solar Power Plant and India's first Polysilicon-Solar Plant in Haldia, West Bengal with a capital outlay of Rs 5000 crore.
Earlier, the ¤375 million Centrotherm Photovoltaics, one of the world’s leading providers of technology and services for the photovoltaics industry, and Perseus LLC, the Washington-headquartered merchant bank and private equity fund management company (which manages seven investment funds with capital commitments totalling nearly $2 billion and co-manages a $449 million fund), had agreed to pick up significant stakes in the company.
Confirming the developments, Srei’s vice-chairman and managing director Hemant Kanoria told Financial Chronicle, “Yes we are close to picking up substantial stakes in Bhaskar Silicon, with power being one of the thrust areas for the group. We may take up to 30 per cent stakes but under no circumstances it will be less than 15 per cent.”
Refusing to divulge the exact value of their equity infusion, Kanoria said, “We will have both equity and debt exposures into the company.”
Earlier, the company had announced that nearly Rs 1,500 crore would come as equity while the rest would come as debt.
It may be mentioned that Srei Infrastructure Finance and Bhaskar Silicon had already participated in a consortium called India Power Corporation (IPCL) to pick up a controlling 57.17 per cent stake in power utility DPSC.
Srei’s power arm already runs two 35mw wind power units in Karnataka and Gujrat and waiting for the “right opportune moment to grow-organically and inorganically”, said Kanoria. “We have sufficient reserves and sufficient line of credit to finance our expansions on the power front. But we are not in a hurry. We will grow cautiously, conservatively and yet aggressively,” added Kanoria.
http://www.mydigitalfc.com/stock-market/srei-pick-30-bhaskar-solar-rs-5000-cr-259
RBI has issued a notification for introducing a new category of NBFCs
as Infrastructure Finance Companies (IFCs) in view of the critical role played by them in providing credit to the infrastructure sector.Companies like SREI will benefit.
http://rbi.org.in/scripts/NotificationUser.aspx?Id=5503&Mode=0#A
Srei Infrastructure, Quippo merger in April / BONUS 4:5
Kolkata: Srei Infrastructure Finance has decided to merge its its associate company Quippo Infrastructure Equipment with itself in order to bring both the companies’ infrastructure business under one umbrella.
Accordingly the shareholders of Quippo, in which Srei holds 17% and the Kanoria family 58%, will receive three shares for every two shares held in Quippo, Hemant Kanoria, chairman and managing director of Srei Infrastructure Finance, said.
He said the promoter’s shareholding in Srei would also go up from 30% to 46% after the merger with the net worth of the combined entity reaching Rs 2,000 crore. Srei’s net worth as on March 2009 was Rs 750 crore, he added.
Quippo's business activity involves construction equipment, energy, oil and gas equipment and telecom tower infrastructure rentals. The merger will be effective from April 1, 2010, Kanoria added.
With the merger, Quippo Infrastructure’s all five subsidiaries will come under Srei. Quippo Telecom Infrastructure Ltd (QTIL), which picked up 49% stake in Wireless Tata Telecom Infrastructure (WTTL), the Tata Teleservices’ tower arm, will also come under Srei after the merger.
The Srei board has also decided to capitalise a part of its reserves and issue bonus shares at a ratio of 4:5 to the shareholders of Srei.
Srei Infrastructure has reported a net profit of Rs 44.20 crore for the third quarter of the current fiscal, against Rs 8.77 crore in the same period last fiscal.
Consolidated disbursement done by Srei during the quarter to December 31, 2009, was Rs 2,000 crore, against Rs 295 crore in the same period last fiscal.
Srei at the end of the third quarter of the fiscal has assets worth of Rs 12,161.45 crore under its control, compared with Rs 10, 024.90 crore worth of assets under its control during the corresponding period last fiscal.
http://www.financialexpress.com/news/Srei-Infrastructure--Quippo-merger-in-April/572808/
http://www.bseindia.com/qresann/news.asp?newsid={9461F03B-96E1-48D1-8D25-C8CC96892DD8}¶m1=1
Quarterly Results of SREI Infrastructure Finance ------------------- in Rs. Cr. -------------------
Dec '08 Mar '09 Jun '09 Sep '09 Dec '09
Sales Turnover 40.56 72.47 55.93 119.92 127.19
Other Income 0.06 0.41 -- 0.04 0.10
Total Income 40.62 72.88 55.93 119.96 127.29
Total Expenses -6.89 17.31 12.32 12.35 13.42
Operating Profit 47.45 55.16 43.61 107.57 113.77
Gross Profit 47.51 55.57 43.61 107.61 113.87
Interest 41.41 77.44 7.14 79.40 68.54
PBDT 6.10 -21.87 36.47 28.21 45.33
Depreciation 2.13 3.22 2.44 2.44 2.49
Depreciation On Revaluation Of Assets -- -- -- -- --
PBT 3.97 -25.09 34.03 25.77 42.84
Tax 1.62 -24.65 -- 8.19 14.34
Net Profit 2.35 -0.44 34.03 17.58 28.50
Earnings Per Share 0.20 -- 2.93 1.51 2.45
Equity 116.29 116.29 116.29 116.29 116.29
Reserves -- 560.77 -- -- --
Face Value 10.00 10.00 10.00 10.00 10.00
NSE BULK DEAL Data for SREINTFIN from 01-02-2010 to 02-03-2010
26-Feb-2010 SREINTFIN SREI Infrastructure Finan JHUNJHUNWALA REKHA BUY 625,000 65.11
02-Mar-2010 SREINTFIN SREI Infrastructure Finan JHUNJHUNWALA REKHA BUY 625,000 69.31
TECHNICALS
MORE ON SREI ---
http://www.srei.com/Scripts/IRAnalystReport.aspx
NINA
Tuesday, January 26, 2010
MIC ELECTRONICS CMP 49.5 on 25/01/2010
MIC Electronics Limited. is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software since 1988. An ISO 9001: 2008 certified, it has marked presence in the highly dynamic domains of:
• LED Video, Graphics and Text Displays
• LED Lighting Solutions
• Embedded, System and Telecom software
• Communication and Electronic Products
Today, MIC's flagship products are LED Video Displays (indoor / outdoor / mobile), that have become an integral part of Sports Stadiums, Transportation Hubs, Digital Theatres and Theme Parks, Advertisements and Public Information Displays.
Headquartered at one of the fastest emerging IT cities, Hyderabad (India), it has nation wide presence in the form of a vast network of marketing, sales and service support centres in all metros of India. To meet the demand of its products worldwide, it has offices in Australia,Korea and USA. Now the company is gradually setting up operations in other international markets.
Company has posted good results.
In an interview with CNBC-TV18, MV Ramana Rao, MD & CEO, MIC Electronics, spoke on the quarter gone by and the road ahead.
Here is a verbatim transcript of the interview.
Q: Can you take us through your numbers although your operating profit margins and your profit after tax (PAT) has done well, your sales has dipped a little bit this time around, why is that?
A: This operating profit increase is because we are focusing fully on LED related business. We have added a strong LED lighting also recently in railways, public sector undertakings (PSUs) and commercial and institutional lighting.
So that is adding a lot of margins because we are exiting our telecom business as promised. Even the topline is low but the bottomline is up because of the business we are focusing on.
Q: Could you give us a segmental breakup of your revenues of the four divisions that you are currently in?
A: At present, three divisions i.e. LED lighting and LED displays. So we took it as a LED division that is Rs 56 crore, Communication and Infotech is Rs 6.3 crore. Total revenue is 62 crore standalone without subsidiaries.
Q: The funds that you raised for your LED product division expansion, if you could tell us when would this expansion get completed and when will it start showing in your revenues?
A: It is being continued because at present we started LED lighting in four segments only i.e. railways, outdoor, indoor and portable and solar. In that we are adding the products instead of adding some more divisions. We are adding the production capacities one by one.
Q: So how much revenues do you plan to do from all this in this year, can you give us a ballpark figure?
A: The topline will be between Rs 280 and Rs 300 crore and bottomline will be Rs 85 crore approximately by end of June. Ours is a June ending company.
Q: You are also bidding for orders in the power utility space, can you tell us how is that shaping up?
A: Yes, we are fortunate to be a empanelment with Power Finance Corporation (PFC) where at present Rs 10,000 crore are allotted for entire India. Since we are very good at networking and power related projects - already we are in LED lighting - we have extended it to management of APDRP i.e. Advanced Power Development Reform Programme.
We are planning to bid in 5-6 states and we want to win at least in 2-3 states where we can get a topline of Rs 1,000 crore in the coming two years in the segment itself with excellent profit margins.
Q: Rs 1,000 crore alone from this power utility division?
A: In fact for the Eleventh Five Year Plan, funds are allotted by PFC. We did not take any loan, they give funding also for implementation and the technical expertise for implementation.
Q: You already have a new vertical in lighting, you are also looking at launching new products as well. A whole lot of diversification on the cards, are you looking at raising any more funds?
A: Not at present.
THIS IT WHAT I GOT FROM A FORUM ABOUT THIS COMPANY =
You've probably heard about India's ever-increasing power
shortage...
If you live in a big city like me, it's just a story you hear about
in the news with increasing frequency.
But if you live in a small town where power cuts of 3 to 8 hours
per day are quite common... then India's national 15% energy
deficit is very much real to you.
More than 1.6 billion people in the world lack access to
electricity - and one out of every four of them lives in our
country.
Today there is an easy way for you to help India save massive
amounts of energy... while keeping the lights on throughout the
country 24 hours a day, 7 days a week...
And the best thing about it - you can also get paid handsomely for
participating in this effort.
I'm talking about becoming part owner of an energy-saving
technology company whose share price could potentially triple
within the next 4 - 5 years.
The details on this little-known publicly traded firm -- which we
will call 'Company X' for now -- are included in a just-published
FREE Special Report titled, Superstar Smallcaps.
And here are the full details about it...
Saves Energy
With Your Lights On
India's power-generating capacity is currently 15% below the levels
required to provide consistent power to everyone in the country.
According to an article in Business Week, the government of
Maharashtra, our most industrialized state, has announced it is
facing a severe power shortage.
And the bad news is this shortage won't be eliminated any time
soon.
According to a senior government official, India will miss the
government's target of adding 78,577MW of power generation capacity
by 2012 because of shortage of equipment.
Now, Company X's technology doesn't help generate more electricity
or help our power plants produce electricity more efficiently.
Rather, it makes an energy-efficient light source that reduces
electricity usage by 40% to 90% depending on size and model.
Here's how this amazing technology works. . .
Instead of using a filament as the lighting source, like in
conventional electric bulbs...
Or gases, like in halogen and fluorescent light bulbs...
This technology shines brighter by using light-emitting diodes or
LEDs as the source of illumination.
You may think of LEDs as those little digital displays in pocket
calculators and on other electronic devices.
But large LEDs in fact generate an extremely bright light with
minimal energy consumption.
To give you an idea of how incredibly efficient Company X's
new LED lighting technology is, a conventional 100 Watt
incandescent bulb generates around 15 lumens of brightness
per Watt of electric current.
By comparison, Company X's new LED technology generates up
to 20 lumens with only a 5 Watt bulb.
The greater efficiency of LEDs reduces the energy demand of
lighting systems. And in addition, the LED bulbs also have a longer
life.
So overall, replacing conventional light bulbs with LED lighting
can cut energy consumption by as much as 90%:
Source Data from (TSAO, 2004, 2002);
1The costs are in "street costs," estimated approximately 2 times higher than the original equipment manufacturing costs. The lamp cost
represents the cost of the SSL lamp, not including any fixture costs which would be necessary to complete a lighting system.
Company X with its order book already full
is now available at 80% off. . .
Company X is the only company in India to have design-tomanufacture
capability for making LED display solutions... which
means it has virtually no competition to worry about.
Indian Railways is soon expected to float tenders for replacing all
of its current displays and lighting with LED-based technology,
which could mean a huge potential increase in orders and revenues
for Company X.
And Company X's products are also sold internationally.
The global LED market is expected to continue to grow at an average
annual rate of 20% for the next 3 years, which is sure to benefit
this company immensely.
Company X has formed a joint venture with the Latin American
Football Corporation to focus on the lucrative LED display
opportunities in sports stadiums across the globe.
The bottom line is that the stock could triple within the next 4 -
5 years. And investors who get in now before the price starts to
move up will bank the lion's share of the profit
long term outlook seems good FOR STOCK.
• LED Video, Graphics and Text Displays
• LED Lighting Solutions
• Embedded, System and Telecom software
• Communication and Electronic Products
Today, MIC's flagship products are LED Video Displays (indoor / outdoor / mobile), that have become an integral part of Sports Stadiums, Transportation Hubs, Digital Theatres and Theme Parks, Advertisements and Public Information Displays.
Headquartered at one of the fastest emerging IT cities, Hyderabad (India), it has nation wide presence in the form of a vast network of marketing, sales and service support centres in all metros of India. To meet the demand of its products worldwide, it has offices in Australia,Korea and USA. Now the company is gradually setting up operations in other international markets.
Company has posted good results.
In an interview with CNBC-TV18, MV Ramana Rao, MD & CEO, MIC Electronics, spoke on the quarter gone by and the road ahead.
Here is a verbatim transcript of the interview.
Q: Can you take us through your numbers although your operating profit margins and your profit after tax (PAT) has done well, your sales has dipped a little bit this time around, why is that?
A: This operating profit increase is because we are focusing fully on LED related business. We have added a strong LED lighting also recently in railways, public sector undertakings (PSUs) and commercial and institutional lighting.
So that is adding a lot of margins because we are exiting our telecom business as promised. Even the topline is low but the bottomline is up because of the business we are focusing on.
Q: Could you give us a segmental breakup of your revenues of the four divisions that you are currently in?
A: At present, three divisions i.e. LED lighting and LED displays. So we took it as a LED division that is Rs 56 crore, Communication and Infotech is Rs 6.3 crore. Total revenue is 62 crore standalone without subsidiaries.
Q: The funds that you raised for your LED product division expansion, if you could tell us when would this expansion get completed and when will it start showing in your revenues?
A: It is being continued because at present we started LED lighting in four segments only i.e. railways, outdoor, indoor and portable and solar. In that we are adding the products instead of adding some more divisions. We are adding the production capacities one by one.
Q: So how much revenues do you plan to do from all this in this year, can you give us a ballpark figure?
A: The topline will be between Rs 280 and Rs 300 crore and bottomline will be Rs 85 crore approximately by end of June. Ours is a June ending company.
Q: You are also bidding for orders in the power utility space, can you tell us how is that shaping up?
A: Yes, we are fortunate to be a empanelment with Power Finance Corporation (PFC) where at present Rs 10,000 crore are allotted for entire India. Since we are very good at networking and power related projects - already we are in LED lighting - we have extended it to management of APDRP i.e. Advanced Power Development Reform Programme.
We are planning to bid in 5-6 states and we want to win at least in 2-3 states where we can get a topline of Rs 1,000 crore in the coming two years in the segment itself with excellent profit margins.
Q: Rs 1,000 crore alone from this power utility division?
A: In fact for the Eleventh Five Year Plan, funds are allotted by PFC. We did not take any loan, they give funding also for implementation and the technical expertise for implementation.
Q: You already have a new vertical in lighting, you are also looking at launching new products as well. A whole lot of diversification on the cards, are you looking at raising any more funds?
A: Not at present.
THIS IT WHAT I GOT FROM A FORUM ABOUT THIS COMPANY =
You've probably heard about India's ever-increasing power
shortage...
If you live in a big city like me, it's just a story you hear about
in the news with increasing frequency.
But if you live in a small town where power cuts of 3 to 8 hours
per day are quite common... then India's national 15% energy
deficit is very much real to you.
More than 1.6 billion people in the world lack access to
electricity - and one out of every four of them lives in our
country.
Today there is an easy way for you to help India save massive
amounts of energy... while keeping the lights on throughout the
country 24 hours a day, 7 days a week...
And the best thing about it - you can also get paid handsomely for
participating in this effort.
I'm talking about becoming part owner of an energy-saving
technology company whose share price could potentially triple
within the next 4 - 5 years.
The details on this little-known publicly traded firm -- which we
will call 'Company X' for now -- are included in a just-published
FREE Special Report titled, Superstar Smallcaps.
And here are the full details about it...
Saves Energy
With Your Lights On
India's power-generating capacity is currently 15% below the levels
required to provide consistent power to everyone in the country.
According to an article in Business Week, the government of
Maharashtra, our most industrialized state, has announced it is
facing a severe power shortage.
And the bad news is this shortage won't be eliminated any time
soon.
According to a senior government official, India will miss the
government's target of adding 78,577MW of power generation capacity
by 2012 because of shortage of equipment.
Now, Company X's technology doesn't help generate more electricity
or help our power plants produce electricity more efficiently.
Rather, it makes an energy-efficient light source that reduces
electricity usage by 40% to 90% depending on size and model.
Here's how this amazing technology works. . .
Instead of using a filament as the lighting source, like in
conventional electric bulbs...
Or gases, like in halogen and fluorescent light bulbs...
This technology shines brighter by using light-emitting diodes or
LEDs as the source of illumination.
You may think of LEDs as those little digital displays in pocket
calculators and on other electronic devices.
But large LEDs in fact generate an extremely bright light with
minimal energy consumption.
To give you an idea of how incredibly efficient Company X's
new LED lighting technology is, a conventional 100 Watt
incandescent bulb generates around 15 lumens of brightness
per Watt of electric current.
By comparison, Company X's new LED technology generates up
to 20 lumens with only a 5 Watt bulb.
The greater efficiency of LEDs reduces the energy demand of
lighting systems. And in addition, the LED bulbs also have a longer
life.
So overall, replacing conventional light bulbs with LED lighting
can cut energy consumption by as much as 90%:
Source Data from (TSAO, 2004, 2002);
1The costs are in "street costs," estimated approximately 2 times higher than the original equipment manufacturing costs. The lamp cost
represents the cost of the SSL lamp, not including any fixture costs which would be necessary to complete a lighting system.
Company X with its order book already full
is now available at 80% off. . .
Company X is the only company in India to have design-tomanufacture
capability for making LED display solutions... which
means it has virtually no competition to worry about.
Indian Railways is soon expected to float tenders for replacing all
of its current displays and lighting with LED-based technology,
which could mean a huge potential increase in orders and revenues
for Company X.
And Company X's products are also sold internationally.
The global LED market is expected to continue to grow at an average
annual rate of 20% for the next 3 years, which is sure to benefit
this company immensely.
Company X has formed a joint venture with the Latin American
Football Corporation to focus on the lucrative LED display
opportunities in sports stadiums across the globe.
The bottom line is that the stock could triple within the next 4 -
5 years. And investors who get in now before the price starts to
move up will bank the lion's share of the profit
long term outlook seems good FOR STOCK.
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