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 The Equity Desk Forum :Investment Ideas - Creating winning portfolios! :Stock Synopsis
Message Icon Topic: RANE MADRAS ( RML ) Post Reply Post New Topic
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Mohan
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Quote Mohan Replybullet Posted: 18/Mar/2008 at 10:27am
Originally posted by Vivek Sukhani

 
Even I thought so, but then when I also checked his P/e, that was also in fraction. I thought, there may be some extra-ordinary this time around.... 


You do seem to have an eye for analyzing numbers Vivek bhai. What is Extraordinary is Capital Markets. They still do not proof read.
OR maybe its intentional .Wink


Edited by Mohan - 18/Mar/2008 at 10:31am
Be fearful when others are greedy and be greedy when others are fearful.
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Vivek Sukhani
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Quote Vivek Sukhani Replybullet Posted: 19/Mar/2008 at 12:21pm
They were right man.
 
See, their eps for december quarter was 38.55. They annualised it, by multiplying it by 4, they got 154.2
 
However, this 38.55 was mainly on account of profit on sale of premises to the tune of nearly 54 crores.
 
Things dont look so great but still I got into this today.
 
Last year, they had roughly 40 bucks as book value.
 
This exceptional income means this stands roughly at 78 rupees, as the first 2  quarters are netting each other out.So, 40+38 is 78.
 
However, they are earning cash every quarter.
 
My bet is on the cash flows and distressed asset pricing.
 
People work out in details.....
 
Lets see, how it fans from here.
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Quote Mohan Replybullet Posted: 19/Mar/2008 at 12:35pm
Got it Vivekbhai, IS is better to buy Rane Holdings ? The own majority from what it appears ?
Be fearful when others are greedy and be greedy when others are fearful.
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Vivek Sukhani
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Quote Vivek Sukhani Replybullet Posted: 19/Mar/2008 at 12:40pm
Rane holdings I have to look at the Annual report in details now. I will get some tickets in rane holdings thanks to my holding Rane Brake.
 
Then only will it be possible to say something
 
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Quote Mohan Replybullet Posted: 19/Mar/2008 at 8:54am
When is this one going XD ? 
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