| Author |
Message |
vivekkumar_in
Senior Member
Joined: 19/Sep/2006
Location: United States
Online Status: Offline
Posts: 606
|
   Posted: 08/Aug/2007 at 12:31pm |
|
Devesh ji,
It does look interesting..
- Industry growth about 40% CAGR
- Market leader
- Good growth past 2 yrs
- Future looks exciting
- PE of 52 or so is what looks bit expensive
- But from chart looks like the stock has formed a nice base around 600-650 or so.. May be hard to get below that unless there is a May 06..
- Stock appears to be making a new upmove...
I might want to make a small exposure.. I just sold some Nucleus for some tax benefits..
What price would you be comfortable to pick up ?
Regards,
Vivek
Edited by vivekkumar_in - 08/Aug/2007 at 12:32pm
|
|
Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
P Lynch
|
 IP Logged |
|
|
|
 |
|
jstk
Senior Member
Joined: 14/Sep/2006
Location: India
Online Status: Offline
Posts: 191
|
Posted: 09/Aug/2007 at 5:20pm |
Future group PE arm has bought 20% in Rajeev Samant promoted Sula for 50 cr.
Generally speaking Sula & Grover wines are better than CI.. Imported wines & spirits distributor Brindco wines promoted by Aman Dhal has bought a 20% stake & distribution rights in Grover .
UB is launching their wines and has recruited lots of senior wine Sales & mktg guys from competition. The domestic wine industry ( especially Maharsahtra based )has the backing of India's Agriculture minister and VJM is also known to be cose to him.
the domestic wine industry's lobbying seems to be paying off, with Maharashtra excise commissioner increasing the duty from Rs.150 to 150% of CIF value making most imported wines costlier by more than 100%.
details of Pantaloon acquisition are available on:
|
|
If you buy for a non-value reason, you will end up selling for a non-value reason.
|
|
IP Logged |
|
|
|
deveshkayal
Senior Member
Joined: 04/Sep/2006
Online Status: Offline
Posts: 3903
|
Posted: 10/Aug/2007 at 11:32am |
Positive:
- Company is targetting to garner 4% market share of global wine market by 2010.
- Only 545410 shares are held by the public.
- My sense is that CIL will do a turnover of Rs.600 crs by 2010.
Disclosure: I took a small exposure @ 649(incl.brokerage) yesterday so that i can gain some knowledge on wines.
|
|
"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
|
|
IP Logged |
|
|
|
kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
|
Posted: 10/Aug/2007 at 11:47am |
Disclosure: I took a small exposure @ 649(incl.brokerage) yesterday so that i can gain some knowledge on wines.
---------------------------------------------------------------
Is one legally allowed to do such things before reaching 21?
Manish Kayal...please keep a close watch on him.
|
|
Life can only be understood backwards—but it must be lived forwards
|
|
IP Logged |
|
|
|
tigershark
Senior Member
Joined: 13/Oct/2006
Location: India
Online Status: Offline
Posts: 3542
|
Posted: 10/Aug/2007 at 11:48am |
|
number one may be tough to acheive number two maybe all stocks may just get cheaper inspite of business as usual at india inc
|
|
understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
|
|
IP Logged |
|
|
|
kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
|
Posted: 12/Aug/2007 at 2:44pm |
Today's TOI Pune edition has this news....
PUNE: Wine consumption in the city has witnessed a high of 62 per cent in the first quarter of this financial year, compared to the corresponding period last year. The state excise department reported a sale of 90,000 litres of wine between April and July this year (2007-08), as against 55,000 litres in the corresponding quarter of 2006-07.
Apart from providing a telling indication of the changing lifestyle in the city, the growth comes at a time when the state home department issued a resolution recently facilitating establishment of exclusive wine bars across the state.
Effectively, wine consumption is expected to touch a new high by the end of this financial year. A majority of the 40-odd wineries in the state are located in Nashik, Sangli and Pune districts. "Pune district alone has 11 wineries," said Vijay Chinchalkar, superintendent of state excise department, Pune.
As of now, the district has only one exclusive wine bar 'Athena' at Narayangaon, but more are expected to come up considering that the department had received letters of intent from prospective wine bar promoters, he said.
The economic boom as manifested in the growing number of infotech (IT) companies and the advent of global players in IT, automotive and other spheres of industry, is seen as the key driver of changing lifestyle. This further reflects in the rising public consciousness towards wine and its consumption.
The state's approach to promote wineries as a means of alternative income for grape cultivators has only contributed to the growth. "A total excise waiver, i.e. zero per cent tax, is in effect for units producing wine in Maharashtra," Chinchalkar said. Although, the benefit is not available to wine coming into the state from other states or abroad.
According to sources, the home department resolution makes it easier for prospective wine bar promoters to secure an exclusive licence without having to bother about the earlier mandatory requirement of having an eatery or restaurant licence. The wine bar licence fee is yet to be decided. A minimum of 160 sq.ft. space, besides sufficient storage facility is all that is now required for setting up a wine bar.
|
|
Life can only be understood backwards—but it must be lived forwards
|
|
IP Logged |
|
|
|
s_praharaj
Senior Member
Joined: 10/Sep/2006
Location: India
Online Status: Offline
Posts: 357
|
Posted: 12/Aug/2007 at 9:47pm |
Though I am a teetotaller, I have seen in most of the five star hotels of Mumbai "Riveria" brand of Red wine and white wine is served. Seeing the popularity of the Brand and support given by the Govt, the stock seems to have potential. The debt:equity is 4:1, which is a slight disturbing. The company have allotted warrants recently to Mr Shivanad Manekkar at 325.00 recently.
Edited by s_praharaj - 12/Aug/2007 at 9:47pm
|
|
Shashi Praharaj
|
|
IP Logged |
|
|
|
ndzapak
Senior Member
Joined: 13/May/2007
Online Status: Offline
Posts: 229
|
Posted: 12/Aug/2007 at 10:44pm |
Wine makers look to cash in on retail boom
Organised retailing is proving to be a boon for wine companies, with top players like Diageo, Champagne Indage and UB Group finalising tie-ups with retail majors for gaining ample space to display their products.
While Reliance Retail has entered into arrangements with Diageo, UB Group and Champagne Indage, other retailers like Shoprite and Future Group are also being approached by wine makers for similar pacts.
Industry players say a tie-up with big retailers will not only strengthen distribution network but also help in expanding the market by creating awareness of wine culture.
"By tying up with retail players we not only increase visibility of products but it will also help in creating awareness about wine-drinking in the country," Champagne Indage managing director Ranjit Chougule said.
He said in traditional wine shops, the average space given to wine segment is about 5-10 per cent and that too is shared between five to six players.
Echoing similar views, Diageo India managing director Asif Adil said: "Tie-up with retail players will give better results as it will synergies strengths of the two sectors."
Diageo-Radico chief executive Raju Vaziraney said the biggest advantage of selling wine through retail players is that it would help in getting proper display of products.
He, however, said there would not be a major increase in revenues from selling wine through organised retail. Moreover, wine makers are not yet replacing their existing distribution networks.
"Retail chains will give us the added advantage but will not act as alternative to the present selling pattern in the country," Vaziraney said.
Source : ET
|
|
the Equitydesk is the best
|
|
IP Logged |
|
|
|
Active Topics
Memberlist
Calendar
Search
Help
Register
Login
