CMP 22.05
I DELETE THIS POST AS REVISED RESULTS POSTED BY COMPANY ARE NOT THAT MUCH GOOD.
nina
Thursday, April 22, 2010
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
Subscribe to:
Posts (Atom)