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nikhil090
Senior Member
Joined: 06/Nov/2006
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Posts: 1344
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   Posted: 02/Dec/2009 at 7:08pm |
I bought this stock earlier. Since it is a brand and if they sustain their performance alongwith dividend, they can do well..
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amitdip
Senior Member
Joined: 28/Dec/2008
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Posts: 494
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Posted: 02/Dec/2009 at 9:52am |
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Bought some more @ 161
This would have been a much larger company by now if not for the drain and depletion of 2000 - 2004 due to bad debts.
That is the only concern, sharing of wealth by virtue of dividends, if that rises each year then merely 'doing well' will become an understatement.
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Crimsonarcher
Senior Member
Joined: 05/Oct/2006
Location: United States
Online Status: Offline
Posts: 355
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Posted: 02/Dec/2009 at 11:20am |
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Its got some terrific earnings per share. Hopefully it would keep improving YOY. I noticed a huge run up with Kwality Dairy and I think something like that cna happen in this stock to. Better to take some exposure.
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hit2710
Senior Member
Joined: 15/Jun/2009
Location: India
Online Status: Offline
Posts: 4013
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Posted: 03/Dec/2009 at 12:39pm |
Originally posted by amitdip
Bought some more @ 161This would have been a much larger company by now if not for the drain and depletion of 2000 - 2004 due to bad debts.That is the only concern, sharing of wealth by virtue of dividends, if that rises each year then merely 'doing well' will become an understatement.
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Hi,
What could be the risks with this company?
There are very few players with established brands in the space in which it operates and hence less chance of losing brand value. Financially seems okay.
Regards,
Hitesh.
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Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
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amitdip
Senior Member
Joined: 28/Dec/2008
Online Status: Offline
Posts: 494
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Posted: 03/Dec/2009 at 1:04pm |
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Risks could be stock returning to 20 Rs in depressed sentiments, low dividend creates shaky ground in bad times.
Another risk could be mindless expansion overseas. I searched for their vacancies in naukri and other job portals, they are recruiting for mexico, middle east, australia and other hot climates.
Yet another risk could be Bajaj or Usha Lexus usurping #1 pole position. Good news is there is no foreign competition so we will see competition coming in March and June numbers every year. So far they are growing 50% plus topline for the past 4 years.
I have written to them to explain Wholly Owned Subsidiary in Singapore and divesting 51 stake in it, so risk is owners getting greedy and not sharing wealth. But they seem to be in business for ages, another Bakeri company is into construction, so appear well heeled.
I cant see a genious required to make such products. Positives outweigh at this point esp. if they gradually extend to other products too and importantly increase dividend even by 1-2 Rs each year, so next 1-2 years should guide us.
Regards
Amit
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amitdip
Senior Member
Joined: 28/Dec/2008
Online Status: Offline
Posts: 494
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Posted: 09/Dec/2009 at 1:06pm |
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Reply to my query from Management
=========================================
Date: 05 December 2009
Mr. Amit Arora
Subject: A brief query
Dear Sir,
We refer to your email dated 30/11/2009 and furnish hereunder point wise details as desired by you.
a) Reduction of holding in Singapore subsidiary to 49%.
Earlier, a company in Singapore was incorporated by Symphony Comfort Systems Ltd., as its 100% Wholly Owned subsidiary. The company was incorporated with a very small paid up capital base.
After some time, it was felt that the entire capital may not necessary to be held by Symphony Comfort Systems Ltd. and hence further issue of equity by the said company in Singapore was not fully subscribed by Symphony Comfort Systems Ltd. The balance portion of their capital was subscribed other entities. Therefore the stake of Symphony Comfort Systems Ltd. is now reduced to 49%.
b) Intellectual Property matter in USA:-
As regards to the legal matter referred by you regarding the intellectual property in USA with Symphony-Impco as defendants and plaintiff: Champion cooler corporation, we state that Symphony Comfort Systems Ltd. has no relevance. The matter has been referred to our legal counsel to respond it suitably.
Thanking you,
For SYMPHONY COMFORT SYSTEMS LTD.
Chandrakant Gnadhi
Company Secretary
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$x$=$
Groupie
Joined: 12/Nov/2009
Online Status: Offline
Posts: 70
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Posted: 30/Dec/2009 at 9:03pm |
three days of circuit.. the stock came to my notice...
Terrific company.. good brand recall.. no competition in organised sector... great financial.. cheap valuation.. promoter increased a stake...
Nice find Amitji..... 
gosh i have to learn a lot from these ppl...
Edited by $x$=$ - 30/Dec/2009 at 9:45pm
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$x$=$
Groupie
Joined: 12/Nov/2009
Online Status: Offline
Posts: 70
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Posted: 31/Dec/2009 at 2:44pm |
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Another day at circuit...
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