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Hitesh Shah
Senior Member
Joined: 12/Oct/2008
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Posts: 3656
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   Topic: Paper Industry
Posted: 24/Feb/2009 at 9:18pm |
Nice starting point by HDFC Securities.
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kutchi1966
Newbie
Joined: 04/Feb/2009
Location: India
Online Status: Offline
Posts: 13
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Posted: 27/Feb/2009 at 1:19pm |
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how about J K Paper @ sub 15 level. Good dividend yield. Though it will not qualify buy if ROE/ROCE, growth angle is sceutinised. But at BV of Rs.50 and EPS of Rs.4 - 5, I hope it will can give a return of 36% if one consider dps also.
Can any one give their view with the investment time horizon of one year?Mukesh.
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M.JAIN
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9StockPortfolio
Senior Member
Joined: 10/Sep/2008
Online Status: Offline
Posts: 479
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Posted: 27/Feb/2009 at 4:39pm |
Originally posted by kutchi1966
how about J K Paper @ sub 15 level. Good dividend yield. Though it will not qualify buy if ROE/ROCE, growth angle is sceutinised. But at BV of Rs.50 and EPS of Rs.4 - 5, I hope it will can give a return of 36% if one consider dps also.
Can any one give their view with the investment time horizon of one year?Mukesh.
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also debt is too high
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Pursuit of Value
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 27/Feb/2009 at 9:07am |
Most of the paper companies are family held affairs where the Board and the management do what theowners want them to do. BILT is an exception but apart from that many paper companies have promoters taking ana ctive and keen interest in the affairs to squeeze the minority shareholders.
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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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Vivek Sukhani
Senior Member
Joined: 23/Jul/2006
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Posts: 6675
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Posted: 28/Feb/2009 at 4:50pm |
JK Paper is almost available at its 1 year cash flows. Problem is, I dont understand what are these promoters doing. Harsh Pati Singhania is more busy with his industry body meetings than with JK Paper.....thats the tragedy.
Among paper stocks, BILT does qualify as a good stock, and so does a TNLP.
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Jai Guru!!!
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kutchi1966
Newbie
Joined: 04/Feb/2009
Location: India
Online Status: Offline
Posts: 13
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Posted: 01/Mar/2009 at 11:44am |
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Even considering all negatives as said here about J K Paper, What matters to an investor is the returns, which I thinks from here any one can earn not less than 30% P.A in Jk paper. My view in this scrip for less than 12 months. This is not long term investment grade share. Hope here more in this forum.
Thanks
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M.JAIN
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kannanravi1
Senior Member
Joined: 08/May/2007
Location: United States
Online Status: Offline
Posts: 609
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Posted: 07/Mar/2009 at 2:22am |
Hi Vivek,
If I recall you were interested in playing in the paper sector. Which is your favorite pick in that space? BILT my any chance? Also whats your take on Macmillan. Macmillan appears to attractive from a valuation standpoint. I have never looked into it closely though. Any clue?
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kannan
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Vivek Sukhani
Senior Member
Joined: 23/Jul/2006
Online Status: Offline
Posts: 6675
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Posted: 08/Mar/2009 at 11:08am |
Macmillan, if I remember correctly, is showing consistent decline in profitability.
Among paper, I would still go with West Coast Paper, BILT, TNPL and JK paper.....
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Jai Guru!!!
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