TRACK ME
Yessssssssss
Pricing difference scuttles MMTC Offer
The impending share sale of state-owned MMTC Ltd was deferred on Tuesday over wide differences between the government and bankers over pricing of the issue.
Sources said merchant bankers to offering, scheduled to open on Thursday, had recommended fair valuation of Rs 75 per share (translating into market capitalisation of Rs 7,500 crore) against the current market price of nearly Rs 300 (Rs 30,000 crore)
Bankers told the empowered group of ministers (EGoM) the current market price didn't reflect the true value of MMTC, which has a free-float of just 0.67 per cent. After the meeting, disinvestment secretary Ravi Mathur said the EGoM did not accept the recommendations of merchant bankers on valuation issues.
“MMTC pricing was not about discount to the market price. It was a case of repricing as the counter is very thinly traded and has very little free float,” said one of the bankers handling the issue, who didn't want to be identified.
The price to earnings multiple of MMTC, which is primarily engaged in the business of trading in metals and minerals, is nearly 200 times its trailing 12-month profits at the current market price of Rs 318 per share.
An analyst with a domestic brokerage, who also requested anonymity, said the fair price of MMTC was between Rs 50 and Rs 60 per share, translating into a market cap of Rs 6,000 crore.
“The company has clocked a profit of around Rs 100 crore in 2011-12. Even after factoring in its cash balance of about Rs 2,800 crore and investment of Rs 450 crore in various joint ventures and unlisted firms, the fair value of the company turns out to be at best Rs 6,000 crore,” said the analyst.
Yesssssssssssssss
IF YOU HAVE DELIVERY EXIT AT ANY COST!!!
SOONER OR LATER STOCK TO CRASH BELOW Rs.100/-
Alert:--------
If You Dont Have Delivery Dont Short This Stock!!!!
Yesssssssss
Yesssssssss
Hit hard by the crash in midcap counters last month, retail investors have sharply reduced their presence in the stock market, putting paid to hopes of many brokers that their increasing participation was a sign of rising market strength. This is borne out by the steep fall in average daily turnover (ADT) contributed by retail investors to daily market volumes. After an over 40% crash in select midcap counters last month, retail ADT fell 33% to Rs 3,885 crore in February from Rs 5,818 crore in January.
The going was good until January and many brokers thought that market strength would improve, but the sentiment was badly hurt by a sharp fall in midcap stocks such as Core Education Welspun Corp, DB Realty (48%), Hindustan Oil ExplorationUttam Galva and Opto Circuits Crash heavily in last month.
Just Read
The average age of employees at India’s top software services exporter — Tata Consultancy Services (TCS), one of the country’s largest private sector employers — is 28.
This is 10 years less than the median age at American technology giant Oracle.
Yesssssssssss
The composition of TCS employees is a reflection of India’s young and burgeoning working-age population — a competitive edge that sets Asia’s third-largest economy apart from countries across the world, many of which are aging fast.
Yessssssssssssssss
“India has close to ideal demographics. It’s in a sweet spot"
Yessssssssssssss
India’s “demographic dividend” — the window of opportunity that a large workforce creates to strengthen an economy — could add 2 percentage points to the country’s annual growth rate over the next two decades.
India’s youthful population is also contributing to India’s consumption boom.
Between 2006 and 2011, consumer spending in the country almost doubled, from $549 billion to $1.06 trillion. This is just the beginning.
India's consumer spending to grow to $3.50 trillion in next 5-7 years due to young people .
Yesssssssssssss
Yesssssssssssss
Biggest Three Investment Call For Investor!!!!
1.Consumption Stocks
2.Consumption Stocks
3.Consumption Stocks
Yessssssss
IF & BUT
Yessssssssssssssssssssssssssss
The investment ideas of Warren Buffett is most basic and simple to implement. The beauty of his investment ideas is that they are so easy and logical that at timespeople overlook the same ideas even though it must have crossed their mind. These investment ideas of Warren Buffett has not only help the maestro to make billions but also stands as a guiding principles for every other investor of this world.
Warren Buffett’s investment ideas asks us to buy stocksof only those companies whose “fundamentals” are very strong and its stock is available at “undervalued price”. When we say strong fundamentals we mean a healthy financial report, unique product line which is run by exceptional managers.
Think Big TO EARN BIGGG
Track me
|
No comments:
Post a Comment