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basant
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Joined: 01/Jan/2006
Location: India
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   Posted: 13/Sep/2006 at 4:58pm |
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Just a thought. While all may sound good in such companies the proportion of club's slae to the overall M&M sale may be miniscule. So it would hardly make a difference to the EPS. While M&M is a great company no doubt I am not so sure if we as shareholders could get the returns from this company in case we want to play the travel/leisure boom.
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'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
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reetesh
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Posted: 13/Sep/2006 at 6:14pm |
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I have two point, one that what ever Mr. Basant said, M&M no direct play for Mahindra club... and second one Country Club is bigger than Club Mahindra (Company Size standalone).
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When going gets tough, that’s when tough (people) gets going.
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Equity Buff
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Joined: 30/Aug/2006
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Posted: 13/Sep/2006 at 6:36pm |
Just to make clear what I was suggesting, if you absolutely wanted to invest in a somewhat similar business like Country Club and since you were not sure of the management of Country Club that is why I suggested Club Mahindra(Mahindra Holidays) via M&M, the Mahindra management is excellent. Even the parent M&M is doing well and so are many other subsidiaries of M&M. So as a stock you would have invested in a good stock which could give you good returns in the Med to Long Term and also had indirect exposure to Mahindra Holidays, which is also doing well. As Mahindra Holidays is currently not listed the only way you can play it is through M&M. Also Mahindra Hoildays earned a net profit of Rs. 20.80 crs in 2006. I am not sure what was the net profit of Country Club ?
Rgds
Equity Buff
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reetesh
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Posted: 13/Sep/2006 at 6:40pm |
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It will be some where around 22cr.
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When going gets tough, that’s when tough (people) gets going.
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Equity Buff
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Joined: 30/Aug/2006
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Posted: 13/Sep/2006 at 7:05pm |
Dear Kulman,
The Airline Industry is also not one of my favourite sectors for investment.
But among the listed stocks I feel Spice Jet should do fairly well. Projections are for EPS of approx Rs. 4.65 for FY 08. The market could give it a multilple of 15 times and in a years time the stock could be at Rs. 70.00. I think the stock was at Rs. 40 when we initially discusssed it here. At 75% return in one year. Also some large FII'S have recently bought Spice Jet stock as reported in the bulk deals a few days ago.
However I liked your joke(I have heard it somewhere before).
Rgds
Equity Buff
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kulman
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Joined: 02/Sep/2006
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Posted: 13/Sep/2006 at 7:19pm |
Thanks for that EquityBuff. Actually its a very common joke people say about Airline industry.
As Basantjee pointed out elsewhere today, we can however look at allied/dependant businesses such as pilot training/air-hostess training/in-flight caterers etc... Do you have any ideas in mind?
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Life can only be understood backwards—but it must be lived forwards
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Equity Buff
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Posted: 13/Sep/2006 at 7:29pm |
Dear Kulman,
Someone here mentioned "Taneja Aerospace". I have heard this stock being mentioned in Stock Market circles. Any one having any more info on this stock pls post.
Rgds
Equity Buff
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basant
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Posted: 13/Sep/2006 at 7:44pm |
You could look for it from the search button at the forum.
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'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
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