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b_kothari2001
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Joined: 05/Sep/2006
Location: United States
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Posts: 42
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   Posted: 07/Sep/2006 at 9:29pm |
I like Sundaram Finance (listed in NSE only), Market Cap is around 900 Cr, Price of 350/share
You will get:
One of the trusted financial services groups in South India
A company paying Dividend for last 50 years. Last Dividend of 135% including 50% one time Special Dividend.
A Company with Insurance Business.
A company with Asset Managment Company.
All type of Financing activity like Housing, Car, Business Finance, NPA less than 0.4%
Also having exposure in Infotech, BPO, Logistic.
Expecting EPS of more than 30 for this FY
What do u guys say? Basant Bhai kiya bolte?
Cheers,
Bharat
Edited by b_kothari2001 - 07/Sep/2006 at 9:31pm
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basant
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Posted: 07/Sep/2006 at 9:48pm |
Two words to describe before you buy " Absolute value"
Two words to describe after you buy "Keep patience"
Four words to describe after you sell "Great call. Stay wealthy"
Sundaram finance is a no brainer. Its association with BNP Paribas for its MF business should do very well. I am told that in the South people value the Sundaram group in equal terms with a bank.
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basant
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Posted: 07/Sep/2006 at 9:59pm |
HDFC - the mortgage company will finally hold 50% in HDFC Standard Life currently it currently owns close to three quarters. The bank does not own it.
Exide I guess owns 49% in ING so that is only portfolio investment since it cannot consolidate accounts with it. better to buy ING.Vyasa
Edited by basant - 07/Sep/2006 at 10:06pm
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catchsudipto
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Joined: 06/Sep/2006
Location: India
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Posts: 641
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Posted: 22/Sep/2006 at 3:42pm |
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Dear Sir,
While i was trying to analyze the potential winners in the INSURANCE
sector, i find that whose who will be able to catch the customer first
will be the winner. So to catch the customer, they have to reach to the
customer or catch the customer which are visiting to their shops(
pantaloon) bank( kotak, hdfc,Ing visya,icici) .
LIC have recruted a huze number of agents throughout India. These
agents try to capture every possibe customer ( relatives, friends etc).
Now LIC have the advantage of having the stamp of Govt. Now peoples of
INDIA in the rural area believe the stamp of Govt like a semi
God.
So I feel it will be a difficult task for the private insurance company to make a huze dent in the rural area now.
They can capture the market in urban area, where LIC dont have that agent power.
Now the point is how they are going to attract the customers.
That is the biggest challance. HDFC, Kotak, ING Visya, ICICI have
the added advantage of having a pool of customers ( from their
retail bank).
Now what about AV Nuvo, Max life ? How they are going to catch the
customers first and quickly. How will they increase their customer base
faster than their competitor to be an potential multibagger.
Pantaloon has an advantage of large foolfall in their retail ventures.
Now according to u who could be the potential winner ?
thanks
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Make your Life as simple as possible.
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basant
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Posted: 22/Sep/2006 at 3:57pm |
Excellent thought. Aditya Birla Nuvo is more of everything rather then something specific as such. Today we have cross selling of products also for example South Indian Bank could sell Max New York policies etc. but I would agree with you 100% that owing a customer interaction platform would help.
ALlright Rural areas might do just LIC but the urban market is itdelf growing at 15% - 20% and we are in the very initia stages. Once the folks from rural areas see ICICI bank they would have no problem gettinga policy done from there.
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prosperity
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Joined: 01/Sep/2006
Location: India
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Posted: 22/Sep/2006 at 4:12pm |
Basantji,
Good that you mentioned ICICI and not HDFC among the private insurer players. Yes the omnipresent bank would win - and niche players like HDFC would prefer not to be omnipresent..
This brings up ICICI Vs. HDFC debate again - But is expanding to newer cities, increasing branches - Is that the reason why ICICI raised equity ?
If yes, i think their equity dilution is a long term positive...
Cheers,
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basant
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Posted: 22/Sep/2006 at 4:17pm |
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The distribution reach of ICICI is mind boggling and HDFC is different from HDFC Bank but ICICI without equity dilution is phenomenal.
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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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kulman
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Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 22/Sep/2006 at 4:21pm |
Basantjee
ICICI-Pru as well as Lombard are hyper-active nowadays in marketing their products. Almost every alternate day, I get calls from their tele-marketeers.
P.S. : I'm however a loyal LIC client and New India for non-life.
Edited by kulman - 22/Sep/2006 at 4:22pm
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