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nav_1996
Senior Member
Joined: 08/Sep/2006
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Posts: 803
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   Topic: Shreyas Shipping & Logistics
Posted: 10/Nov/2006 at 9:55am |
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I would like to know about your views on Shreyas Shipping & Logistics. Last 2 Qs have not been best but it seems to be discounted in the valuations. Also looks like worst is over.
It is also rapidly increasing its logistics business. With economy growing at this rate, logistics business is bound to do well.
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reetesh
Senior Member
Joined: 01/Sep/2006
Location: India
Online Status: Offline
Posts: 793
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Posted: 11/Nov/2006 at 1:09pm |
This is one of stock that I bought around 100 last november but with peaking shipping rates and logistics business was slow to pick up and thats why I decided to sell this around 230, but at that level funds like Fidelity and other MF were buying, I thought my idea to sell is wrong but eventually I was right.
Look at SICAL Logistics even they had bad quater last one and will be bad for next 2 qtrs, but this one is pure play on logistics, from trucking to container to rail to port and warehouse and one more advantage with SICAL is they have subsidiary which operates in Offshore vessels. But if you buy this one need to have 07-08 numer in mind rather 06-07.
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When going gets tough, that’s when tough (people) gets going.
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vishal.sahay
Senior Member
Joined: 29/Oct/2006
Location: India
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Posts: 205
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Posted: 11/Nov/2006 at 1:18pm |
I agree with reetesh that Sical losgistics is going to be leader in logistic and offhsor business. they have got some good order book and their client list also looks impressive. the company from the last 2-3 quaters have taken quit good steps in improving their offshore business model by acquring 2 small companies. Also the company has clearly indicated that in the near future they want to be mainly inot the logistic and offhsore business and for that purpose the company is in the process of hiving off all its non core business like the company is into final stages of demrging its palm oil busines. All this will help the company in imprviong its balance sheet by reducing its interest burden becuase at this point it stands at 2:1 (debt:equity).
but the company is still in restructuring stage and it will take some time so as to see the clear visibilty in terms of number as mentioned by Reetesh. So person looking to invest should have not look at short term but rather at longer period of time.
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Vishal
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vishal.sahay
Senior Member
Joined: 29/Oct/2006
Location: India
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Posts: 205
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Posted: 11/Nov/2006 at 9:16pm |
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Also one could look at Aban Offshor a great play on offshore business. Aban Offshore is today world 10th largest company in thies sector. And with increasing hunger for serach of oil and gas this company is poised to do well in the time to come. the company has done all the good thing by making good organic and inorganic growth.
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Vishal
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 11/Nov/2006 at 9:37pm |
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Our fund Manger from Singapore likes this stock very much.
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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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reetesh
Senior Member
Joined: 01/Sep/2006
Location: India
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Posts: 793
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Posted: 11/Nov/2006 at 9:39pm |
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Who? there are many fund manager, SA or someone else?
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When going gets tough, that’s when tough (people) gets going.
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basant
Admin Group
Joined: 01/Jan/2006
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Posted: 11/Nov/2006 at 9:43pm |
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SA
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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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reetesh
Senior Member
Joined: 01/Sep/2006
Location: India
Online Status: Offline
Posts: 793
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Posted: 11/Nov/2006 at 9:51pm |
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Really, as I said I used to own this stock, any idea what his view on this? What he likes about this, in my view it will take time to develope its logistics in India, for me it is more of a regional trade play... but company lost a ship recently. But, what he is he thinking (SA)?
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When going gets tough, that’s when tough (people) gets going.
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