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subu76
Senior Member
Joined: 25/Feb/2008
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Posts: 5709
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   Posted: 14/Sep/2009 at 2:34pm |
That's true.......Navin Fluro itself is an offshoot from a BIFR case of a Mafatlal company.
Perhaps, I'm biased since i have money riding on this one.....
However, a return of 140 cr+ cash earning (even if you take 1/2 of the current CER price in MCX) for 9 years on a 300 cr enterprise value makes it very attractive.
IMO the Mafatlals will have to indulge in supreme shareholder unfriendly acts for the low market cap of 250 cr to be justified.
Edited by subu76 - 14/Sep/2009 at 2:38pm
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Mohan
Senior Member
Joined: 09/Feb/2007
Location: United States
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Posts: 1855
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Posted: 14/Sep/2009 at 6:45pm |
Originally posted by subu76
That's true.......Navin Fluro itself is an offshoot from a BIFR case of a Mafatlal company.
Perhaps, I'm biased since i have money riding on this one.....
However, a return of 140 cr+ cash earning (even if you take 1/2 of the current CER price in MCX) for 9 years on a 300 cr enterprise value makes it very attractive.
IMO the Mafatlals will have to indulge in supreme shareholder unfriendly acts for the low market cap of 250 cr to be justified. |
They have been a destroyer of wealth so far. Just look at the history. a Leopard does not change its spots.
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Be fearful when others are greedy and be greedy when others are fearful.
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smartcat
Senior Member
Joined: 29/Mar/2007
Location: India
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Posts: 4243
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Posted: 14/Sep/2009 at 7:00pm |
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These are chameleons, not leopards. And Chameleons change colours.
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dup_subu76
Newbie
Joined: 14/Sep/2009
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Posts: 10
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Posted: 14/Sep/2009 at 10:12pm |
Mafatlals did not indulge in loot and scoot.
Mafatlals were blindsided by Dutta Samant and by Reliance. (Offcourse, this is no excuse)
Now they have stuck gold. It will be interesting to see how they use the cash.
My guess is that what ever they do....they will be very wary of debt.
Wonder how many folks are following the various Mafatlal scandals.
Edited by dup_subu76 - 14/Sep/2009 at 10:16pm
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nkgogoi
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Joined: 28/Mar/2010
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Posted: 24/Oct/2010 at 12:07pm |
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Does anyone have information on the CERs sale going forward? And how do we find out what was the revenue earned from the sale of carbon credits in a quarter or year.
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Circuit
Senior Member
Joined: 14/Jun/2008
Location: India
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Posts: 930
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Posted: 24/Oct/2010 at 12:42pm |
Anyone invested in this erstwhile Mafatalal group has turned into MOFAT LAL 
Originally posted by dup_subu76
Mafatlals did not indulge in loot and scoot.
Mafatlals were blindsided by Dutta Samant and by Reliance. (Offcourse, this is no excuse)
Now they have stuck gold. It will be interesting to see how they use the cash.
My guess is that what ever they do....they will be very wary of debt.
Wonder how many folks are following the various Mafatlal scandals. |
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Fundamentalists and anticipators may have difficulties with risk control because a trade keeps looking ‘better’ the more it goes against them....Ed Seykota
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vinvestor
Newbie
Joined: 19/Apr/2010
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Posts: 9
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Posted: 25/Nov/2010 at 2:52pm |
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Can anyone explain why the company would want to buy at 400Rs per share (via something similar to tender), when they are trading at 270Rs on the open market? The quantity they want to buy is about 3.5 lakh shares, which they can easily buy if they have patience. It will probably take around 3 months...but they can still buy the 3.5 lakh shares.
They can buy more number of shares for that money 3.5lakh*400 today at 270Rs.
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hit2710
Senior Member
Joined: 15/Jun/2009
Location: India
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Posts: 4013
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Posted: 25/Nov/2010 at 4:21pm |
Originally posted by vinvestor
Can anyone explain why the company would want to buy at 400Rs per share (via something similar to tender), when they are trading at 270Rs on the open market? |
It means Rs 400 is the maximum price at which buyback will be done. They usually give the upper limit because buyback extends upto six months from the date of starting buyback and therefore the upper price in case the share price goes up.
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Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
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