Scripscan:Taneja Aerospace & Aviation Ltd
cmp:40
Code:522229
Story:Last year there were rumours of a Delhi based infrastructure company wanting to take a stake in their air strip project and the valuations being talked about are very high, and at that time the stock touched a high of about Rs 250–270.The company has a 250-acre land where they have made an airstrip which is largely unutilized and I see that as an opportunity, the reason that we are getting the stock at a market cap of just about Rs 100 crore is primarily because of the reasons which are mentioned. When things look rosy and everything starts looking good. When they are fresh with orders for aircraft and the value unlocking which people are expecting that airstrip will have that happens and you won’t get the stock for Rs 35-40. The reason you are getting the stocks at current valuations is only because of the negatives which are surrounding and the good thing is that the promoters themselves have increased their stake at about Rs 28 in the month of November last year. At that time there was pessimism all around and the stock has also been range bound for a very long period of time and that’s a reason you are getting this stock for Rs 40, when there were rumours of someone big buying that airstrip business and fancy valuations being talked about at that time the stock was not available for Rs 40 and it was available for Rs 250–270. So this is the one for the patient investors who can just sit on the stock and wait for company to unlock the value for the shareholders.
Thursday, December 29, 2011
Jagatjit Industries Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger
scripscan:Jagatjit Industries Ltd
cmp:55
Code:507155
Story:Jagatjit Industries is a 60 year old liquor company famous for Aristocrat brand Whisky. They also had brands like Maltova, etc. which they sold to SmithKline a couple of years back. This company was dragged in problems between the promoters of the group and a wide order in the month of March by CLB, that problem has not been resolved. CLB ordered the company to buy back the shares of other promoter group and they have already brought back the shares which led to reduction in equity from about Rs 52 to about Rs 44 crore. If you look at the valuations of the company, at the current price the market cap of the company is just about Rs 240 crore, the gross of the company is Rs 625 crore and this being a 60 year old company and the market cap just being 40% of gross the real value of the assets must be much more.This company has done sales of about Rs1350 crore on the last year, so even if you compare this company with the drop on the basis of sales and brand equity this looks grossly undervalued compared to the peer group.At 55rs it looks to be a decent buy.
cmp:55
Code:507155
Story:Jagatjit Industries is a 60 year old liquor company famous for Aristocrat brand Whisky. They also had brands like Maltova, etc. which they sold to SmithKline a couple of years back. This company was dragged in problems between the promoters of the group and a wide order in the month of March by CLB, that problem has not been resolved. CLB ordered the company to buy back the shares of other promoter group and they have already brought back the shares which led to reduction in equity from about Rs 52 to about Rs 44 crore. If you look at the valuations of the company, at the current price the market cap of the company is just about Rs 240 crore, the gross of the company is Rs 625 crore and this being a 60 year old company and the market cap just being 40% of gross the real value of the assets must be much more.This company has done sales of about Rs1350 crore on the last year, so even if you compare this company with the drop on the basis of sales and brand equity this looks grossly undervalued compared to the peer group.At 55rs it looks to be a decent buy.
Jenson & Nicholson (India) Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger
Scripscan:Jenson & Nicholson (India) Ltd
cmp:2.90
Code:533520
Story:-Jenson & Nicholson is engaged in the business of manufacturing and selling of paints for the decorative and industrial applications in India.The company has got a country wide presence with 33 branches and stock points across the country and manufacturing plants at Naihati,Sikandrabad and Panvel.The company over the years has fallen on bad times and ended fiscal 11 with a small turnover of 49crs.The story is that it has got lucrative real estates in form of its panvel factory land which has been closed.The company has further got some land in naihati where its operation has been suspended.If i add up the too the present marketcap of the company would look too little(Though the mangement denied to figure the exact value of the lands)The company has got lots of debts in its book which ARCIL has taken over aggregating to nearly 39% from IDBI, SBI, UBI, BOB and BOI.On words of the management," They are actively involved in the restructuring process and is likely to take over the remaining debts from other Banks and Institutions".Further AAIFR has appointed SBI Capital Markets Ltd. as Consultants to conduct the TEV study and valuation of assets. It is expected that once the process is complete, total restructuring plan made with the help of ARCIL will be submitted before the BIFR for their final approval.
Conclusion:Lots of developments are expected to happen for the company in the coming days.Technically speaking too the company has got very strong support at rs 2.5.Downside is very limited but on happening of any of these developments the company is set to hit higher levels for sure.
Trading range:2-5 is the trading range for the company.One can accumulate the counter and exit partly at that level.
Btw:This stuffs are heard from sources/my contacts/insiders so may not be that perfectly accurate.Kindly do your own due dilligence before even thinking of having a position in the same.
cmp:2.90
Code:533520
Story:-Jenson & Nicholson is engaged in the business of manufacturing and selling of paints for the decorative and industrial applications in India.The company has got a country wide presence with 33 branches and stock points across the country and manufacturing plants at Naihati,Sikandrabad and Panvel.The company over the years has fallen on bad times and ended fiscal 11 with a small turnover of 49crs.The story is that it has got lucrative real estates in form of its panvel factory land which has been closed.The company has further got some land in naihati where its operation has been suspended.If i add up the too the present marketcap of the company would look too little(Though the mangement denied to figure the exact value of the lands)The company has got lots of debts in its book which ARCIL has taken over aggregating to nearly 39% from IDBI, SBI, UBI, BOB and BOI.On words of the management," They are actively involved in the restructuring process and is likely to take over the remaining debts from other Banks and Institutions".Further AAIFR has appointed SBI Capital Markets Ltd. as Consultants to conduct the TEV study and valuation of assets. It is expected that once the process is complete, total restructuring plan made with the help of ARCIL will be submitted before the BIFR for their final approval.
Conclusion:Lots of developments are expected to happen for the company in the coming days.Technically speaking too the company has got very strong support at rs 2.5.Downside is very limited but on happening of any of these developments the company is set to hit higher levels for sure.
Trading range:2-5 is the trading range for the company.One can accumulate the counter and exit partly at that level.
Btw:This stuffs are heard from sources/my contacts/insiders so may not be that perfectly accurate.Kindly do your own due dilligence before even thinking of having a position in the same.
Cinevistaas Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger
Scripscan::Cinevistaas Ltd
cmp:2.5
Code:Cinevistaas Ltd
Story:Company has 4 acres land at Kanjur Marg, Mumbai.Market value of same is around 120 crs. However,company is not selling the land.In 1st Phase, company is developing an I.T. Park on 2 acres which will have around 2.20 lakh s.f. area.Company will not sell the same. Entire property will be put on lease which will earn around Rs. 26-28 crs. as lease rent each year.This works out to 2.60 -2.80 times of its Equity. Company will be spending around 48-50 crs for construction of this I.T.Park to be completed in 18 months.It is being developed by company itself without any partnership with any builder. Expected lease rent is calculated on the basis of prevailing lease rates although when project is ready in 18 months,company may get higher lease rates.For Phase-II, company will undertake development of remaining 2 acres on which also it will build 2.20 lakh s.f. I.T. Park.Worth a punt at present levels.
Btw:This stuffs are heard from sources/my contacts/insiders so may not be that perfectly accurate.Kindly do your own due dilligence before even thinking of having a position in the same.
cmp:2.5
Code:Cinevistaas Ltd
Story:Company has 4 acres land at Kanjur Marg, Mumbai.Market value of same is around 120 crs. However,company is not selling the land.In 1st Phase, company is developing an I.T. Park on 2 acres which will have around 2.20 lakh s.f. area.Company will not sell the same. Entire property will be put on lease which will earn around Rs. 26-28 crs. as lease rent each year.This works out to 2.60 -2.80 times of its Equity. Company will be spending around 48-50 crs for construction of this I.T.Park to be completed in 18 months.It is being developed by company itself without any partnership with any builder. Expected lease rent is calculated on the basis of prevailing lease rates although when project is ready in 18 months,company may get higher lease rates.For Phase-II, company will undertake development of remaining 2 acres on which also it will build 2.20 lakh s.f. I.T. Park.Worth a punt at present levels.
Btw:This stuffs are heard from sources/my contacts/insiders so may not be that perfectly accurate.Kindly do your own due dilligence before even thinking of having a position in the same.
Saturday, December 24, 2011
Scooters India Ltd:-Buy/sell/hold,growth prospects and recomendation,news and results,target price and analysis,views and outlook
Scripscan:Scooters India Ltd
cmp:28
Code:505141
Story:Located near Lucknow, Scooters India is an integrated automobile plant, engaged in designing, developing, manufacturing and marketing a broad spectrum of conventional and non-conventional fuel driven 3-wheelers.Company’s plant owes its origin to M/s. Innocenti of Italy from which it bought over the plant and machinery, design, documentation, copyright etc. The company also possesses the world right of the trade name LAMBRETTA / LAMBRO.The company has its own marketing network of Regional Sales Offices all over India, catering to customer’s requirements in the areas of sales and services.Government holds 95.38 per cent in Scooters India and according to the present buzz the Govt is planning to divest its stake in the ailing counter.Government was earlier considering a joint venture with private sector for revival of SIL, which has piled up a loss of Rs 17 crore in the fiscal 2011 but that never materialized.Last year, the ministry had approved a 74% stake sale in the loss-making two- and three-wheeler maker Scooters India.The likes of Mahindra & Mahindra,Atul auto ltd etc was interested in buying the government's stake in the company but there were some issues which were raised by various other ministries and the process was stalled. It is now expected that a fresh look will be taken into the matter.Buyers would be interested in the ailing company as it owns 150 acres of land that may fetch more than its accumulated losses of around 826 crore. The government had infused around 600 crore in the company in 1996 but the move failed to revive the company.Theres hardly any liquidity in the counter as majority of the shares are being held by the Govt.Scooter india may well continue to buzz owing to its assets.Watch out for more action in the counter.
cmp:28
Code:505141
Story:Located near Lucknow, Scooters India is an integrated automobile plant, engaged in designing, developing, manufacturing and marketing a broad spectrum of conventional and non-conventional fuel driven 3-wheelers.Company’s plant owes its origin to M/s. Innocenti of Italy from which it bought over the plant and machinery, design, documentation, copyright etc. The company also possesses the world right of the trade name LAMBRETTA / LAMBRO.The company has its own marketing network of Regional Sales Offices all over India, catering to customer’s requirements in the areas of sales and services.Government holds 95.38 per cent in Scooters India and according to the present buzz the Govt is planning to divest its stake in the ailing counter.Government was earlier considering a joint venture with private sector for revival of SIL, which has piled up a loss of Rs 17 crore in the fiscal 2011 but that never materialized.Last year, the ministry had approved a 74% stake sale in the loss-making two- and three-wheeler maker Scooters India.The likes of Mahindra & Mahindra,Atul auto ltd etc was interested in buying the government's stake in the company but there were some issues which were raised by various other ministries and the process was stalled. It is now expected that a fresh look will be taken into the matter.Buyers would be interested in the ailing company as it owns 150 acres of land that may fetch more than its accumulated losses of around 826 crore. The government had infused around 600 crore in the company in 1996 but the move failed to revive the company.Theres hardly any liquidity in the counter as majority of the shares are being held by the Govt.Scooter india may well continue to buzz owing to its assets.Watch out for more action in the counter.
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