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basant
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Joined: 01/Jan/2006
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   Posted: 13/Apr/2009 at 9:47am |
Originally posted by Hitesh Shah
+25% ~10.35 am!
I know Basantji doesn't like posts on price movements alone!
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You can read the mind it seems! 
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subu76
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Joined: 25/Feb/2008
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Posts: 5709
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Posted: 14/Apr/2009 at 12:01pm |
Hitesh Sir...market ka mind padhiye not Basant Ji's...... 
And don't forget to let us know as well.
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Hitesh Shah
Senior Member
Joined: 12/Oct/2008
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Posts: 3656
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Posted: 14/Apr/2009 at 12:51pm |
Originally posted by subu76
Hitesh Sir...market ka mind padhiye not Basant Ji's......
And don't forget to let us know as well. |
Woh post purana tha! Bhool jana, please  And which mind is easier to read? Market ji's or Basant ji's as of now? 
Edited by Hitesh Shah - 14/Apr/2009 at 1:40pm
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subu76
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Joined: 25/Feb/2008
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Posted: 14/Apr/2009 at 11:35pm |
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Good point. I see you getting there though.
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Hitesh Shah
Senior Member
Joined: 12/Oct/2008
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Posts: 3656
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Posted: 25/Apr/2009 at 1:38pm |
SourceIn order to follow
uniform accounting policy for consolidation of the financials and to be
in line with the parent company, the company has changed the method of
charging depreciation from Written Down Value Method to Straight Line
Method during the year. As a result of the change the depreciation
charge is lower by Rs. 0.53 crores and depreciation charge of earlier
years, amounting to Rs. 8.17 crores, has been reversed.
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CHINKI
Senior Member
Joined: 07/Feb/2007
Location: India
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Posts: 2827
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Posted: 07/May/2009 at 11:59am |
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Shiv and others who are following this stock, small query:
1)At SEZ, they must be leasing out the building space to companies at some rent/lease?? That is the income for the company. They may also make money for maintaining the facilities??
2) Once they are through with the SEZ developments, what is the next/future plan other than the residential projects??
3) Any updates on Thane and Pune SEZs? Will it come through (I mean no land acquisition problems??)
While there is no debt for the company, ROE and ROCE are in single digits. Will it improve once they complete their SEZs.
Both Sharekhan and MOST have predicted doubling of their EPS as well as stock price(infact trible here).
Thanks in advance.
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TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO
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shivkumar
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Joined: 02/Oct/2007
Location: India
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Posts: 2037
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Posted: 08/May/2009 at 4:58pm |
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Chinki has been quite accurate on this one. Once the SEZ is completed and leased out to private parties, Mahindra Lifespaces earns fees for services and maintenance from the companies.
The company expects to increase the perimeter around the SEZ as it expects the facility to grow. For instance, in Chennai ML has tied up with Tamil Nadu government for additional land around the SEZ for Phase II of the project. Simultaneously, it is developing land around the SEZ to construct housing.
The company already has land for the Thane SEZ and construction is beginning shortly. Land for Pune SEZ will be acquired by Maharashtra government. CIDCO has already earmarked the land and the process will begin after elections.
There are some useful links here:
http://www.business-standard.com/india/news/the-sez-cash-cow/356939/
http://www.moneycontrol.com/india/news/results-boardroom/sezs-were-main-sourceq4-income-mahindra-lifespace/394942
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shivkumar
Senior Member
Joined: 02/Oct/2007
Location: India
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Posts: 2037
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Posted: 08/May/2009 at 2:18am |
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Request some insights from Basant and other seniors on some of the data about MLL:
While Net operating profit per share has increased from Rs 23 odd in 04 to Rs 42 in 08 free reserves per share has gone up from RS 34.78 to Rs 183. Book Value has also gone up from RS 44.78 to Rs 209 in the same period. So obviously the company is growing at a fast clip. Debt - Equity ratio is 0.01. Profit margins are also quite high.
So why is the ROCE in single digits?
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