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Message Icon Topic: DMC EDUCATION 2ND LISTED PLAY IN TUTORIALS Post Reply Post New Topic
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TCSer
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Quote TCSer Replybullet Topic: DMC EDUCATION 2ND LISTED PLAY IN TUTORIALS
    Posted: 14/Oct/2010 at 12:26pm
Have recently purchased from secondary market  DMC Education  erstwhile listed DMC International in small qty which moves in a zig zag manner from UC TO LC OR VICE VERSA.Seems to be the only 2 nd listed education company focussed on Tutorials besides recently listed Career Point Infosystem.

There has been recent management change with company taking over Quest Tutorials & its foundr MD Gaurav Mittal a IIT, IIM educated first generation entrepreneur the new MD of DMC education.

The co posted huge rise in net profit in June quarter & had recently covered by CNBC where Gaurav strategised its education model of Education through broadband,

can be an interesting option.

Views invited from everybody.
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j2eeprofessiona
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Quote j2eeprofessiona Replybullet Posted: 15/Oct/2010 at 10:40pm
Originally posted by TCSer

Seems to be the only 2 nd listed education company focussed on Tutorials besides recently listed Career Point Infosystem.
 


firstobject is one other company working on on e-tutorials but probably has more diverse offering
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Ravenrage
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Quote Ravenrage Replybullet Posted: 17/Oct/2010 at 6:32pm
Seems an interesting bet . Clearly Career Point , DMC fall in the competitive exam content provider . The craze and the demand is HUGE . If they have a good business in place , it should command higher valuations than other listed players . The scope of the business is mind blowing .
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TCSer
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Quote TCSer Replybullet Posted: 17/Oct/2010 at 6:49pm

Management Team

Gaurav Mittal- Chief Executive Officer
Gaurav helped create a unique personal marketing approach for customer acquisition. Gaurav also brings operational experience in the supplemental education space from his days at Career Launcher. Before that he played key marketing roles at Zensar and JWT. Gaurav received his MBA from IIM Lucknow and his Bachelors in Engineering from IIT Roorkee.

Praveen Tyagi- Chief Operating Officer
Praveen brings a passion for innovative content creation and delivery along with a deep understanding of delivery technologies. Praveen worked as a software analyst in the Intel MIPS division in Oracle (Redwood City) and then worked for various departments (IT, Consulting, Sales, Marketing and advertising) in the wireless startup Brience Inc (San Francisco). Praveen received his Masters in computer Science from University of Alabama and his Bachelors of Engineering from IIT Roorkee.

Bharat Gupta – Chief Technical Officer
Bharat Gupta is Computer Science graduate from NSIT and has worked with Newgen Software Technologies in R&D department and also worked in Mercer, USA in Pension sector.

Atul Garg – Director, VSOFT
Mr. Atul Garg is an electrical engineer and have over 20 years of IT experience. He has worked with IBM and also worked with National Police Mission and currently handling IT implementation in Land record reforms for Yamuna Expressway Industrial Development Authority.


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TCSer
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Quote TCSer Replybullet Posted: 17/Oct/2010 at 6:50pm

Investment of Rs. 15 million by HT Media

Posted on Tuesday, September 14th, 2010 at 2:23 pm  DMC Education Ltd  has entered into a Debenture Subscription Agreement with HT Media Ltd for issue and allot, subject to necessary statutory approval, 1,50,000 Zero percentage Fully Convertible Debentures of Rs. 100 each, compulsorily convertible into Equity Shares with a face value of Rs. 5  each at the end of 12  months from the date of allotment amounting to Rs. 15 million.
The Company will spend the subscription amount for advertisement and brand buildi
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TCSer
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Quote TCSer Replybullet Posted: 17/Oct/2010 at 6:54pm
HBJ CAPITAL erstwhile discoverer of stocks such as Camson Bio & Brahmputra Infra is now recommending this stock.

Company has very prominently displayed its BSE Code on its website.??????????Smile


Edited by TCSer - 17/Oct/2010 at 6:56pm
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Shikari_Shambu
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Quote Shikari_Shambu Replybullet Posted: 17/Oct/2010 at 9:58pm
TCSer jee...I have also tried to do some research on this when I saw the interview in CNBC...

Realised that there can't be much research as there are NO numbers at all and the CEO in 2 separate interviews flatly refused to even get near that ( prior years numbers are from their real estate business so no use).

Anyway,some things amused me :-

1) Which company puts broker reports (not analyst presentations) in their OWN website? I dont know of many and especially one that only trumpets?

See this :-

http://www.dmceducation.com/wp-content/uploads/2010/05/DMC-International-Ltd-Code-517973-HBJ-Capitals-MPS-Unit-Business-Insight-Penny-Stock-Reco-for-Apr10.pdf

Some gems from the report :-

CMP = Rs 19.45 (April 27th 2010) – The stock
price is highly volatile & is in the consolidation
phase after the recent run up
 52 week’s high/low = Rs 29.60/2.95 – Year 2008 -
09 being one of the toughest year in the memory,
has seen huge price erosion, so DMC Inter was
also hammered.
 Peak share price = Rs 50.95 (4th Jan ‘08) – At the
peak of economic boom it made a high of 50.95
however at that time the company was into real
estate sector. After the transformation into
education sector the peak price can be taken as
Rs 29.60.
 Total Promoters 1.48 crore [66.74%]
 Total Public & others 74lacs [33.46%]
 Total Outstanding Shares 2.23crore [100 %]
 Debt/Equity = 0.2 [Mar’09]
 ROCE = 0% [Mar’09]
 ROE = 0.1% [Mar’09]
 Current Ratio = 7.8 [Mar’09]
 Delivered Volume per day = Approx 42%
 BSE Code 517973
 Trading volume = Min 7.2 lacs shares (approx)
per day –These are early days for a company
which is soon going to create a huge impact in
the Education sector. The stock is highly liquid
This shall help investors to get in and out of
stock easily.
Confused

I do believe that the report is of great entertainment value.

2) From what I can see, his new CEO and COO came from their acquisitions ( Gaurav Mittal and Praveen Tyagi from Quest Tutorial)

3) They (DMC) dont have anything on their own...All their Education ventures are recent tie-ups and acquisitions.

4) Their entire website says they 'Plan' to do everything

5) HT media investment needs to be looked at in the context of newspaper companies getting stocks,etc instead of complete cash for advertisement..DMC plans to advertise heavily in HT newpaper ( I believe a similar arrangement was made between Pantaloon and TOI though I am not sure).

6) For sure the stock is now in operators hands and it can go anywhere.

------------------------------
For all I know, this company might be genuine and go places but for now I had skipped putting money..Will keep following it and hope you too keep us updated on your findings.

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Ansh
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Quote Ansh Replybullet Posted: 17/Oct/2010 at 11:02pm
Shikari Shambu Ji, Even I have the same opinion. The company has put up a research report by HBJ on its website. Which company does that? If a brokerage firm was ever to initiate a sell report on DMC Edu, will DMC Edu also host the sell report on its website. 
 
Not much is known about the promoter group as well. Even the website has been put up very recently.
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