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basant
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   Posted: 10/Nov/2006 at 9:42am |
Originally posted by tigershark
on the face of it pantaloon looks expensive at 2100, sales of 2500 crs for 07, mkt cap of 5628 crs, net pr of 115 crs 07, and an eps of 43, and a pe of 48 but still templeton being the value investor has bought do yu basnt and templeton see more than just the numbers in pantaloon reply will be appreciated |
Fy 07 salesd would be Rs 4k crores with an EPS of between Rs 55 - Rs 60. I think that a better way to see the business would be in terms of the businessses they have been able to create insurance, real estate management, JV's with severeal partners etc. This stock has always looked pricey and that is something that all good stocks reflect unless we get in very early.
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nav_1996
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Posted: 10/Nov/2006 at 9:58am |
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Should one also look at Liberty Shoes? Its prospects will have some linkage with that of Pantaloon and is currently available at reasonable valuations due to strike at its factory.
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basant
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Posted: 10/Nov/2006 at 10:04am |
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Yes, Liberty seems a good bet.SHoes as a category is expected to grow and the best part of their stores would be that they shall stock all brands ranging from Nike to Reebok, soa customer need not go anywhere.
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kulman
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Posted: 11/Nov/2006 at 3:02pm |
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Life can only be understood backwards—but it must be lived forwards
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Ajith
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Posted: 12/Nov/2006 at 10:58pm |
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Reliance Retail entry may not hurt Pantaloon.Today relatives visiting Banangalore reported huge Sunday crowd at newly opened (have they,really)Big Bazaar.The pie is large and Pantaloon has definitely carved a slice for themselves in the "great Indian middleclass"mind.
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Ajith
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tigershark
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Posted: 12/Nov/2006 at 5:32am |
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cash flow and margins have been negative of late for pants have they
taken measures to rectify this.do es the future group have that type of
cash to take on reliance and the other biggies of the worldand at fii
holding locked at 28% where do yu see buying coming from also if
pants wants to raise cash it can only be thru a rights issue which
means equity dilution and is there a stock split rs2 in the offing
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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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Posted: 12/Nov/2006 at 7:31am |
1) Pantaloon is operating cash flow negative since it was at Rs 50
2) FII limit locked - TV 18 was limit locked from Rs 180. has been a 5 bagger since so if results are on track people will buy and these are relatively smaller capitalized companies so we do not BIG money to move the stock. Our "desi" funds could do it.
3) They have already planned for raising Rs 1000 crore through stake sale. The stake sale to ICICI ventures and Kotak PE exhibits confidence as these two are the better known names in the PE market. Bala Deshpande the CEO at ICICI Ventures is known for identifying small companies and her contribution as PE just adds to the confidence.
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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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tigershark
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Posted: 13/Nov/2006 at 1:21pm |
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thks for the feedback, somehow iam tempted to invest but since i
did not get in at rock bottom 3yrs back im reluctant to do so, maybe
your guidence here will help
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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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