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tigershark
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Joined: 13/Oct/2006
Location: India
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Posts: 3542
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   Posted: 06/Jun/2007 at 6:17am |
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TTK PRESTIGE why has the big man bought it although the qty is insignificant for the moment and will have no material impact even if the value of the stock becoms zero.it appears that rj visualises future demandfor household items like cookers frying pans as the 25 yr olds get married and start households and as urbanisation of india gathers pace PRESTIGE may play a cruical role in setting up house holds.the co has beco agressive it will have 150 outlets by mar07 from 70 last yr.it has tied up with a chinese co to mkt its products is bringing down its dependence on cookers from 65% to 50% and simultaneously increasing its range of other household items.fundamentally a300crco by sales is available at a mkt cap of 145 crs.it should do an eps of 10 for mar 07 thus discounting the stock 12.9 times.PRESTIGE is a brand thats getting strongerand he is playing it the same way as he played the titan brand way back in 2001.basantwat do yu think
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understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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basant
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Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 06/Jun/2007 at 9:36am |
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No idea on this except the business model which you ahve elaborately explained.
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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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smartcat
Senior Member
Joined: 29/Mar/2007
Location: India
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Posts: 4243
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Posted: 07/Jun/2007 at 6:09pm |
TTK Prestige is a Real Estate + Retail + Urbanization story rolled into one. In Bangalore, if you trip and fall, you will probably end up in a Prestige showroom.
| Exchanges disclose details of shareholding above 1% only. |
So this list contains the list of stocks where RJ owns more than 1% of the company. So RJ is worth more than Rs. 2,200 crores?
If RJ happens to own 0.9% of Reliance Industries, we wouldn't know about it.
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kulman
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Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 07/Jun/2007 at 7:25pm |
RJ has many PE+VC investments too in non-listed entities. Unconfirmed sources suggest that he'd be worth much more than US$ 1 Bn.
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Life can only be understood backwards—but it must be lived forwards
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heponly
Newbie
Joined: 23/Nov/2006
Location: United States
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Posts: 17
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Posted: 08/Jun/2007 at 9:54am |
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Ttk prestige had plans of venturing into Modular kitchen since last 2 yrs. But hasnt been able to make a dent into it. In Bangalore also, other Modular kitchens are visible like Faber etc. At this price the margin of safety is good for Ttk. Just imagine if they really get through the modular kitchen selling, then it is an indirect play into real estate,consumption and rising earning potential of Indians.
Lets take a simple calculation, even with modest investment of Rs 20 to 25 lac on the house by a middle and upper class segment the hobson’s choice is now a modular kitchen. Even if one store is able to sell 3 modular kitchen a month it will add at least 150(no: of stores)*3=450 pieces.assuming each costs around 1.5lakh,it will make 7crore per month = 84 crs to the top line
all these calculation is very much easily achievable if management decides to act faster and be the 1st mover in this space by using its Brand name
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Ajith
Senior Member
Joined: 06/Aug/2006
Location: India
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Posts: 1284
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Posted: 09/Jun/2007 at 3:04pm |
Given its brand image, retail network and demand projections one can imagine what RJ sees in the stock.But it may be a trading idea as far as he is concerned since his holding is insignificant at present.One can be sure of his investment interest only if he buys agressively.
In any case its worth analysing TTK Prestige-if it merits RJ'S attention.
Edited by Ajith - 09/Jun/2007 at 3:09pm
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Ajith
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deveshkayal
Senior Member
Joined: 04/Sep/2006
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Posts: 3903
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Posted: 09/Jun/2007 at 10:25am |
| Marganta Textiles Pvt Ltd |
6952746 |
18.47 |
RJ Investments in Aptech through Marganta Textiles..At current price,it is worth Rs.213 crores.Basantji have still not added this investment.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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Ajith
Senior Member
Joined: 06/Aug/2006
Location: India
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Posts: 1284
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Posted: 09/Jun/2007 at 10:43am |
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Yes,TTK Prestige is worth looking at.I was wrong.Its an unlikely trading idea.
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Ajith
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