Va Tech Wabag IPO Indian Water sector MNC

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Topic: Va Tech Wabag IPO Indian Water sector MNC

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valuepicks
Senior Member

Joined: 10/Mar/2009
Location: India
Online Status: Offline
Posts: 180

Posted: 29/Sep/2010 at 2:01pm

I was eagerly waiting for this IPO, ever since it was first referred on Water related thread. However, to my disappointment, I did not find the OPM attractive coupled with negative cash flows and losses in the last two years. Obviously, I did not subscribe...

I believe it is better to play ancillary - businesses supplying indispensable products.

Originally posted by dilip.r

did u check the P&L very low margin business..

with more than half top line coming foreign operation the currency risk is too much with the margin they have...

please comment!!!!

Investment Rule #1: Do not lose capital. Rule #2: Do not forget Rule #1 - Warren Buffett.

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new2investing
Groupie
Groupie

Joined: 22/Sep/2009
Location: India
Online Status: Offline
Posts: 68

Posted: 29/Sep/2010 at 2:45pm

I was also waiting for this IPO but decided to give it a miss when i saw - N number of cases pending against the management ranging from non payment of taxes to land deals to non payment of wages to the workers. i wonder why does the contractor needs to acquire land to build the water treatement plant, since it should be provided by the client(municipalities and other corporates in this case).

though i feel water related business could be the next big thing, given the increasing scarcity of potable water.

Learner...

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TCSer
Senior Member

Joined: 17/Mar/2008
Location: India
Online Status: Offline
Posts: 1882

Posted: 12/Dec/2010 at 10:56pm

Teddies any updates about the latest results anounced on 11 december 2010 n what to do with stock?

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Ravenrage
Senior Member

Joined: 21/Jun/2010
Location: India
Online Status: Offline
Posts: 859

Posted: 12/Dec/2010 at 11:17pm

Not good but I think one should wait .
I had bought it at the time of IPO and sold it on listing .

Edited by Ravenrage - 12/Dec/2010 at 11:17pm

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subu76
Senior Member

Joined: 25/Feb/2008
Online Status: Offline
Posts: 5709

Posted: 26/May/2011 at 11:21pm

Kind of weird ... I think they're quoting below their IPO list price and yet they're going in for a sub division of their shares and that too a few months after the IPO

No prizes for guessing what kind of advice the management is getting and the kind of share holders they want to attract

Edited by subu76 - 26/May/2011 at 11:22pm

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vaib
Senior Member

Joined: 23/Oct/2009
Online Status: Offline
Posts: 308

Posted: 26/May/2011 at 12:58pm

They has no profits when they did IPO, why should someone put money that time itself. Reason for asking money was "we want to make an office".

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subu76
Senior Member

Joined: 25/Feb/2008
Online Status: Offline
Posts: 5709

Posted: 26/May/2011 at 10:05am

Did not know that.......so now share holders are part owners of the office and now the company wants to subdivide ownership

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navtej91
Senior Member

Joined: 15/Jul/2010
Location: India
Online Status: Offline
Posts: 139

Posted: 15/Feb/2013 at 10:17pm

The cash flow of the company are not very encouraging either....

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