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Topic: India could be the largest Internet market.Google

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basant Admin Group Joined: 01/Jan/2006 Location: India Online Status: Offline Posts: 18403	Posted: 05/Nov/2006 at 5:39pm
	Infoedge at Rs 300 is a good investemnt.Companyshould do an EPS of Rs 10 in Fy 07 and Rs 16 in Fy 08 Fy 07 revenuees should be Rs 120 crores and Fy 08 revenues should be Rs 180 crores. So with a PE of 40 times Fy 08 the stock could see a level of Rs 640 and that should be a fair value. I know the whole town could frown but the point is that 240 institutional investors who applied for the IPO still have not been able to quench their thirst. At Rs 640 the Infoedge would trade at market cap of Rs 1700 crores and Tv18 currently trades at a market cap of Rs 1700 crores. Fy 08 or 09 both should be equal on sales/porofit front. That means that the other businesses of Tv18 are available for FREE. Either Infoedge will come down or Tv 18 will have to go up from these levels also. All internet companies are not the same FOr instnace TV 18 is coming out with a Home shopping network channel now the profits of this channel is transaction based and would not contribute that much to the bottomline as would money control. The online brokerage sites are also like that they make 0.5% of the transaction at most. So the idea is to look at pure internet portals with a niche such as moneycontrol, naukri etc. It is very difficult to create a niche in the internet segment and then remain a leader but once a leadership is established it is very difficult to push it. For example I cannot think of any leader except moneycontrol in the Indian financial news space - that is because of the business channel CNBC Tv18 so each one feeds the other to maintain its position. Zodiac is great value - Does it still hold shoppers Stop? Edited by basant - 05/Nov/2006 at 5:53pm
	'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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manishdave Senior Member Joined: 05/Aug/2006 Location: India Online Status: Offline Posts: 1371	Posted: 05/Nov/2006 at 11:07pm
	How popular is rediff as a portal? Is is no. 1 portal? If not who is no. 1?
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basant Admin Group Joined: 01/Jan/2006 Location: India Online Status: Offline Posts: 18403	Posted: 05/Nov/2006 at 9:35am
	In the list of top 50 websites that I had posted Rediff is the number 1 Indian portal.But people use it more for their email here seldom seen people using it for news because political news is available on Tv and ibnlive + ndtv for cricket we have specific portals so I am not sure but a bits and pieces startegy would not be that good on the net especially when everything is available for free..
	'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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basant Admin Group Joined: 01/Jan/2006 Location: India Online Status: Offline Posts: 18403	Posted: 06/Nov/2006 at 3:16pm
	Om Shivaya makes a decent point. Now it has gone up 40% but look at the PE's NDTV trades at more then 50 times CY not sure of Tv today so there was no busines for Tv 18 to trade at such low PE's we are just seeing the stock being rated to a valuation it so painfully deserved. If it starts going up with a fall in fundamentals then I would be worried. I have mentiuoned this before also and I am repeating it that the maximum money is made in PE reratingand thst is what we are witnessing right now. ABout the Google business we would have had *** failures for one google but had any one identified google or yahoo or amazon or ebay (ALL SECTOR LEADERS) we would have not done badly. That is why I like being with the sector leader the pain is lesser here. Edited by basant - 06/Nov/2006 at 3:22pm
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omshivaya Senior Member Joined: 06/Sep/2006 Location: India Online Status: Offline Posts: 5966	Posted: 06/Nov/2006 at 6:35pm
	Investor I fully agree investor. It is very correct of you to be watchful and advise others to do so too. Thanks for that. But, I am seeing a trend emerging. Slowly broadband is penetrating in a big way and you know there are more mobiles than PCs today. And there is IPTV(Internet Protocol TVs). The difference between Internet and Television will slowly blur as almost everythin will be using internet somewhere as a connection tool. Mobile content should be high growth drivers. Whatever content you watch on TV, can be provided on your handset too. All the shows on your mobile, thru broadband and internet somewhere in the middle. Already I at the end of the day go to this link: http://video-audio.moneycontrol.com/cnbctv18/live_video_audio/live_videohigh.php to watch the daily views on TV18. Plus they have live shows running online on internet. So, it would be very difficult to define what content basically falls under TV or internet and almost everything COULD be routed through the internet. One case being IPTV, where you can surf and watch TV and the same time on the same device. Plus, I believe that with moneycontrol.com TV18 has got a big "first-mover" advantage. No other website I have seen which is so comprehensive and includes so many things. Moneycontrol and TV18 channels can be leveraged in a big big way for anything TV18 wants. However, your point TAKEN. Always good to be cautious and conservative. That is why I will always use a 30 PE forwards for TV18 for my investment calculations, even though it may currently be above 50. Thanks for your good points investor...and Basant ji! Edited by omshivaya - 06/Nov/2006 at 6:37pm
	The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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omshivaya Senior Member Joined: 06/Sep/2006 Location: India Online Status: Offline Posts: 5966	Posted: 06/Nov/2006 at 6:44pm
	By the way, interesting to see what "positive structure" has set the target for TV18. When you clck the above link, on the left hand side for "6 nov 2006", you shall find the TV18 links. Good way of knowing what's the mood like with the analysts. Just for fun maybe, but better than sit in front of TV all day long. Edited by omshivaya - 06/Nov/2006 at 8:28pm
	The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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b_kothari2001 Groupie Joined: 05/Sep/2006 Location: United States Online Status: Offline Posts: 42	Posted: 06/Nov/2006 at 8:16pm
	Hi Basantji, Sorry to disrupt you, In USA we view rediff for Indian news highlights, it has good covarage. I saw few of my friends also using this site for the same reason. Rediff shopping also good, prices are reasonable. Cheers, Bharat
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basant Admin Group Joined: 01/Jan/2006 Location: India Online Status: Offline Posts: 18403	Posted: 06/Nov/2006 at 8:52pm
	Thanks for that input on rediff. Shopping is not that exciting as website ad revenues. Shoopping has associated cost ad revenues flow directly to bottomline.
	'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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