Joined: 23/Mar/2009
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Posted: 31/Aug/2009 at 12:29pm
Hi Smartcat,
I think you had invested in FAME recently, if that is so then have made good profits.
But one of the brokerages posted negative outlook about its future earnings.
Joined: 29/Mar/2007
Location: India
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Posted: 31/Aug/2009 at 11:13am
Brokerages cannot predict future earnings of a multiplex chain, because they wouldn't know if Kambakt Ishq or Kaminey [note the title of movies released these days] would be a hit or not.
Joined: 01/Jan/2006
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Posted: 31/Aug/2009 at 11:19am
With this kind of a writing flair you would have done better as a writer then you are doing as a stock picker!
Edited by basant - 31/Aug/2009 at 11:20am
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
Joined: 09/Feb/2007
Location: United States
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Posted: 31/Aug/2009 at 11:39am
Originally posted by smartcat
Brokerages cannot predict future earnings of a multiplex chain, because they wouldn't know if Kambakt Ishq or Kaminey [note the title of movies released these days] would be a hit or not.
I think Fame is worth a lot more than Rs. 100 cr.
Is this an earnings call or a valuation call ?
Be fearful when others are greedy and be greedy when others are fearful.
Joined: 29/Mar/2007
Location: India
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Posts: 4243
Posted: 31/Aug/2009 at 11:56am
Valuation call. They made a net profit of Rs. 12 cr in FY08. FY09 was problematic for them mostly because of external factors, because of which its marketcap fell to Rs. 50 cr in March. Now most of those 'external factors' are no longer there.
Meanwhile, I just sold out Reliance Industries completely. It was the oldest stock in my portfolio and has given a CAGR of 23% over the last 5 years. I will be using the proceeds to partly fund the acquisition of an asset that will probably depreciate at 23% per annum!
I've decided to let "Chameli" go - and am looking forward to meeting "Bebo".
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