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InvestEnjoy
Newbie
Joined: 11/Sep/2011
Location: United States
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Posts: 8
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   Posted: 15/Sep/2011 at 11:38pm |
Originally posted by ZeeNut
Hi,
Any reply to your mail from HDFC Sec / Unicon ? If so, please do post .
Thanks & Regards,
ZeeNut
Disc : I do not hold the stock at present but track from time to time |
Well ZeeNut the 2010-2011 Annual Report is out and thankfully this time there are no un-Allocated expenses where management has not been able to give information.
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InvestEnjoy
Newbie
Joined: 11/Sep/2011
Location: United States
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Posts: 8
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Posted: 15/Sep/2011 at 11:08am |
Dear ZeeNut !
Camson on a approx 100 crore turnover has recievables of 32 crores.This is way too high for my comfort.Moreso because it sells to local farmers and it is always on a Cash basis
The cash left at the end of the year is meagre 1.84 crores.Wonder where will it get capital from to do further business.
Somethings amiss here.
Edited by InvestEnjoy - 15/Sep/2011 at 11:10am
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ZeeNut
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Joined: 07/Jul/2008
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Posts: 38
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Posted: 15/Sep/2011 at 11:44am |
Thanks .... though it appears to be available at attractive valuations, somehow i am not able to muster up the conviction to enter. It was one of my old favourites but i lost faith along the way. - ZeeNut
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InvestEnjoy
Newbie
Joined: 11/Sep/2011
Location: United States
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Posts: 8
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Posted: 16/Sep/2011 at 12:07pm |
Originally posted by ZeeNut
Thanks .... though it appears to be available at attractive valuations, somehow i am not able to muster up the conviction to enter.
It was one of my old favourites but i lost faith along the way.
- ZeeNut |
What hurts the confidence more is to have Crooks like Rameshchand Garg of KS Oils on board and suspicious way in which he entered and exited his holding in the company . Difficult to trust these first generation entrepreneurs.
Also if it had such a good portfolio of products why it has not been taken over by now or atleast got an offer for a buyout.There are a lot of hungry businessmen out in the market flush with a lot of cash.
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 16/Sep/2011 at 12:24pm |
http://www.theequitydesk.com/forum/forum_posts.asp?TID=201&KW=generation
Originally posted by InvestEnjoy
Originally posted by ZeeNut
Thanks .... though it appears to be available at attractive valuations, somehow i am not able to muster up the conviction to enter.
It was one of my old favourites but i lost faith along the way.
- ZeeNut |
What hurts the confidence more is to have Crooks like Rameshchand Garg of KS Oils on board and suspicious way in which he entered and exited his holding in the company . Difficult to trust these first generation entrepreneurs.
Also if it had such a good portfolio of products why it has not been taken over by now or atleast got an offer for a buyout.There are a lot of hungry businessmen out in the market flush with a lot of cash. |
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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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om2112
Senior Member
Joined: 29/May/2010
Location: India
Online Status: Offline
Posts: 137
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Posted: 20/Sep/2011 at 11:09pm |
Originally posted by ZeeNut
Hi,
Any reply to your mail from HDFC Sec / Unicon ? If so, please do post .
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Hi,
I didn't get any reply from HDFC SEC.But they recommend SELL in their latest report.All our doubts on corporate governance reflected in report.
Edited by om2112 - 20/Sep/2011 at 11:14pm
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Ravenrage
Senior Member
Joined: 21/Jun/2010
Location: India
Online Status: Offline
Posts: 859
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Posted: 20/Sep/2011 at 12:28pm |
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Thank God , I feel secured now . Was beginning to worry when they came out with a buy call on this stock .
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Risk does not reside in price changes, but in miscalculations of intrinsic value .
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srisaurabh2000
Senior Member
Joined: 10/Dec/2009
Online Status: Offline
Posts: 397
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Posted: 27/Sep/2011 at 3:31pm |
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Am attending the AGM. Will try to ask the questions in the thread.
Was not entirely impressed by the HDFC report as they purely took concerns from the AR.
The interesting point is that SBI is still invested.
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