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Equity Buff
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Quote Equity Buff Replybullet Posted: 05/Oct/2006 at 8:18pm
 
I was actually writing when you put in your post!
 ---------------------------------------------------------------------------------
 
I thought so !!
 
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Quote Equity Buff Replybullet Posted: 05/Oct/2006 at 8:41am
Originally posted by Equity Buff

Basantjee,
 
A) What was the market cap of Pantaloon when you bought it ? (0.2 times sales, since sales is not given in your post above).
 
B) What was the maket cap/sales of TV 18 when you bought it ? Also you say P/E of 10 times current year, what year ? (certainly not current year meaning FY 07 ).
 
C) Looks like you bought Trent at Rs. 160/share. What was the P/E at that time ?
 
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Equity Buff
 
Basantjee,
 
Can you pls reply on above post.
 
Rgds.
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Quote basant Replybullet Posted: 05/Oct/2006 at 10:22am
What was the market cap of Pantaloon when you bought it ? (0.2 times sales, since sales is not given in your post above). -
Pantaloon Market cap at that time was around Rs 80 crores with expected sales for that year Fy 03 - Rs 450 crores.
 
What was the maket cap/sales of TV 18 when you bought it ? Also you say P/E of 10 times current year, what year ? (certainly not current year meaning FY 07 ).
Market cap of Tv 18 at that time was Rs 200 crores. Not sure on this but it probably traded at 3-4 times mkt cap to sales. The PE was for Fy 03.
 
Looks like you bought Trent at Rs. 160/share. What was the P/E at that time ?
Trent's retailing business was making a loss and the only EPS Rs 13 (I think) was from the income it earned from its investments.
 
It has been 3 years so a bit hard to dig into history!
 
 


Edited by basant - 05/Oct/2006 at 10:24am
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Quote prosperity Replybullet Posted: 05/Oct/2006 at 11:06am
Basantji,
 
Is Satnam Overseas a value stock which would turn into growth and hence become a multibagger in next 3 years....
 
I would not hold you responsible if it does not ... but just asking your views on  - Is it today's candidate of what TV18, Pantaloon have been 3-4  years back ?
 
 
Also, is VSNL news on land unlocking ? Shall we buy on news and sell after the demereger ?
 
Thanx as always  !
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Quote Equity Buff Replybullet Posted: 05/Oct/2006 at 11:38am
[QUOTE=prosperity]Basantji,
 
Is Satnam Overseas a value stock which would turn into growth and hence become a multibagger in next 3 years....
 -------------------------------------------------------------------------------
 
Prosperity,
 
I think Satnam Overseas is now called Kohinoor foods.
 
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Quote basant Replybullet Posted: 05/Oct/2006 at 11:41am

VSNL- the land is probably with the govt. and only shareholders who had tendered in the open offer would be given stake in the demerged company so i am not sure if we could run it asa a demerger candidate- That is what i could make out . But as Manish says VSNL should benefit irrespective of the land deal.

Kohinoor Foods is not that big multibagger we keep looking for it is a good company and should do well but cannot compare it with the others that you mentioned.
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Quote T-REX Replybullet Posted: 10/Oct/2006 at 2:45pm

I don’t necessarily agree with the fact that value investors buy stocks in hope that they will unlock in 2 years.When you buy value your job is to find value and wait. People bought McDowell in 2001-2002-2003 those who bought in 2001 waited 4 years and those who bought in 2003 waited 2. However in McDowell’s case there was a dividend yield, so it’s unfair to use that example.

 

I think market timing is generally not a forte of a value investor. Ability to see the opportunity yes, a catalyst again is hard to imagine.

I have learnt more often than not management themselves miss the large opportunity and it is the opportunity itself that acts like a catalyst.

 

T-REX



Edited by T-REX - 10/Oct/2006 at 2:46pm
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Quote Vivek Sukhani Replybullet Posted: 14/Oct/2006 at 2:46pm
I agree with T-Rex. The period of waiting may be long or short depending upon the discovery of the fundamental. To predict spurts, is wasting time. But T-Rex, dividend yoeld hunting would have fetched you wonderful gains during the doldrum period of 2001-2004. I bought OBC at 36(average) and sold it off at various levels between 108 and 277. I bought SRF at 33 and sold it off at various levels between 133 and 323 and am playing this game with the same money and with 11000 odd investment, I am now making 4000 odd rs. as dividend everyyear...and I am sure, this would have been every person's experience if they have invested for dividends during that period.
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