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basant
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   Posted: 07/Nov/2006 at 2:35pm |
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While I maintain Mr. Ajit's view on the global phenomenon of declining share of print the loyalty is more in case of print becauyse there is nothing called a "remote" and people keep reading the same paper in a city for months/years without knowing what the other one looks like. Not so in internet/Tv.
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nikhil090
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Posted: 07/Nov/2006 at 8:02pm |
I have not been able to locate the annual report/Quarterly results of Deccan at their site. Can anybody help with the link, if it is there?
Thanks.
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nikhil090
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Posted: 20/Jan/2007 at 1:12pm |
The results of Deccan chronicle has been good for this quarter. They have shown a profit of 48+ cr on sales of 145 cr. I am just surprised by the company. Their NPM is in excess of 30% while the other listed companies have their NPM in the range of 15-20%.. that big difference is really amazing..
I think the whole print media space is rocking on the bourses. they have all moved up significantly for the last 3 months.. These would be valuable franchises to hold on for long term wealth creation..
Any comments..
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basant
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Posted: 20/Jan/2007 at 1:40pm |
Absolutely. The company derives 90% revenue from advertising and only 10% from subscription that menas that any penny increase in the newspaper would flow directly into the bottomline.
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nikhil090
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Posted: 20/Jan/2007 at 4:39pm |
That also allows the company to fight any price battle which may ensue, very effectively. At worst they can reduce the prices by 60-70% and still make atleast 80% of the current profit..
REcently HIndu launched in Hyderabad, DC's key market but I dont know how the response has been. Traditionally HIndu contained less advertising and more content.. That may not be working for them here..
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basant
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Posted: 20/Jan/2007 at 4:52pm |
Ask someone in Chennai and you would see that DC had started selling newspapers almost for free. their strategy was to develop readership which in turn would increase advertising revenue.
BTW Jagran Looks very interesting. It is the largest circulated newspaper and any increase in the income of tier 2 north indian towns coupled with growing literacy should generate huge demand for this newspaper.
Edited by basant - 20/Jan/2007 at 4:53pm
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nikhil090
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Posted: 20/Jan/2007 at 5:11pm |
I also feel the same about jagran.. The growth would be steady and economic prosperity will touch these states also, though slowly.The only issue I was grappling with was DC or Jagran or both? My portfolio is actually getting skewed towards Media in a big way.. ZEE, TV18, Deccan, ENIL, Adlabs etcetc..
I think these are good stocks to accumulate in times of panic..
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deveshkayal
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Posted: 20/Jan/2007 at 8:41pm |
Jagran is one of the jewels of 2007 according to Shankar.He says hindi readership market is huge.
HT Media is also intersting.They have forayed into Radio in 4 metros.Launching Business paper just a few week away in Delhi and Mumbai.
Personally,i have subscribed to TOI,DNA,HT,ET(no subscription here) bcoz if i can get a paper in just 50 paise,why not.I m getting more by selling it after a month.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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