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Emerging companies - Mid caps that can become large cap
 The Equity Desk Forum :Investment Ideas - Creating winning portfolios! :Emerging companies - Mid caps that can become large cap
Message Icon Topic: Viceroy Hotels - Time to check in! Post Reply Post New Topic
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gopal
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Quote gopal Replybullet Posted: 26/Feb/2008 at 2:48pm
Bhai
 
Price of Viceroy hotel has come down to 73 INR ... has there been any bonus / stock split .....
 
thnx
Women are like the stock market Coz they're irrational n can bankrupt u if u're not careful
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India_Bull
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Quote India_Bull Replybullet Posted: 26/Feb/2008 at 2:51pm
Market crash has splitted many of the stocks without management doing anything !!Smile
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gopal
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Quote gopal Replybullet Posted: 26/Feb/2008 at 2:59pm
ok bull bhai,
 
After this correction / crash ...... i am just a new comer on TED but I have a suggestion ..... after these drop in prices can we all try to reconsider or re-evaluate companies in the emerging section
 
thnx
Women are like the stock market Coz they're irrational n can bankrupt u if u're not careful
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basant
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Quote basant Replybullet Posted: 26/Feb/2008 at 3:09pm
Companies are re-evaluated when there is a change in fundamentals not because there prices have moved!
'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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subu76
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Quote subu76 Replybullet Posted: 10/May/2008 at 12:25pm
My original reason for buying this company.
1. The really detailed posts on this thread.
2. I visited the Viceroy Hotel (now called Marriot) in Hyderabad and thought the property should be worth atleast 200 Cr. (Mkt cap was approx 260 cr at that time)
 
Given that many of the companie's initiatives are at a nascent stage it's Net profit (1.77 Cr) this quarter is not too surprising but i am somewhat dissapointed that the sales turn over remains stagnant.
 
Mar 07 - 17.31 Cr, Jun 07- 14.33 Cr, Sep 07 - 17.42 Cr, Dec 07 - 20.73 cr , Mar 08 - 20.53
 
I think another year will give a better idea.
 
In the meantime i am doing my bit by organizing my team's meeting etc in this hotel. Smile 
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India_Bull
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Quote India_Bull Replybullet Posted: 10/May/2008 at 12:31pm
I have stayed in this hotel for 3 months in 2001 . Service was too good, food was excellent, receptionists were good looking and pleasant , over and above I got momento frm the Hotel...

Dont know abt present status but somehow market has neglected this story for long time now.

 
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subu76
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Quote subu76 Replybullet Posted: 10/May/2008 at 12:45pm
Wow...i did not realize it has been around since 2001.
It seems like the company has been somewhat staid for a long time.
 
Changing the perception of Mr. Market will take some time.
Explosive sales growth will do no harm i guess.
 
I always seem to see crowds whenever i visit Viceroy hotel  or the restaurants owned by the Viceroy. (Waterfront, Eat Street, Blue Fox etc) Let's see how long (if at all) it takes for this to reflect in the company's numbers and then in it's price.
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praveen
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Quote praveen Replybullet Posted: 19/May/2008 at 4:30pm
Just did some quick, back of the envolope calculations based on the discussions of this thread and some googling.
 
Assumptions
 
1. 900 Crs in FY-2011-12 (Historically in India, hardly projects of these magnitudes completed on time. 10% discount to management guidance for FY-2010 being reasonable)
 
2.  Fully diluted equity at some 84 crores at 2011-12 assuming  furtheer dilution to meet capex needs. (Current at 42 crores)
 
3. Net Margins at 10% gives an EPS of around Rs 10-11
 
4. Discounting of 15-20 times on 1 yr forward basis (discounting based on some international peers)
 
It should then trade at Rs 150 - 200 by Mid 2011 (1 yr forward Discounting)
 
Disclaimer:- Highly simplistic model
 
Regards,
 
Praveen
 
The quest for knowledge is a never ending Journey
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