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samirarora
Senior Member
Joined: 11/Jan/2009
Location: India
Online Status: Offline
Posts: 1037
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   Topic: Reliance Mediaworld (BIG FM)
Posted: 03/Dec/2009 at 9:12am |
well guys,reliance media world is listing today, so a good day to start a topic in its name. Don't have any company numbers as of yet, so if anyone can find on the net, kindly do post here.
Best wishes,
Samir.
PS- Its closest peer is ENIL, which quotes at approx. rs.210 a share but according to various articles on the net, it seems BIG FM is doing better than Radio mirchee in many circles.
Should be an interesting listing and if it quotes below rs.50 levels, i am looking to purchase. Lets see!!!
Edited by samirarora - 03/Dec/2009 at 9:12am
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 03/Dec/2009 at 9:39am |
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There is no point comparing price levels what is the market cap?
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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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Hitesh Shah
Senior Member
Joined: 12/Oct/2008
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Posts: 3656
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Posted: 03/Dec/2009 at 10:07am |
Originally posted by samirarora
....
Should be an interesting listing and if it quotes below rs.50 levels, i am looking to purchase. Lets see!!! |
Hmmm ... CMP ~ Rs. 150.
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samirarora
Senior Member
Joined: 11/Jan/2009
Location: India
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Posts: 1037
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Posted: 03/Dec/2009 at 10:35am |
He he.
Yes, at CMP approx. 140, market cap seems to be roughly 650 crores, if my calculations are correct.
Enil on the other hand has present market cap of 1010 crores.
BIG FM has had an high of 308 today, while low was of 50..
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smartcat
Senior Member
Joined: 29/Mar/2007
Location: India
Online Status: Offline
Posts: 4243
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Posted: 03/Dec/2009 at 10:50am |
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FY09 sales of Rs. 200 cr, losses of Rs. 100 cr.
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samirarora
Senior Member
Joined: 11/Jan/2009
Location: India
Online Status: Offline
Posts: 1037
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Posted: 03/Dec/2009 at 10:52am |
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Its a fledgling business.. ENIL is in similar conditions although they have had a proper head start.
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samirarora
Senior Member
Joined: 11/Jan/2009
Location: India
Online Status: Offline
Posts: 1037
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Posted: 04/Dec/2009 at 12:24pm |
Anyway, to put matters straight, i had thought that if i got it at rs.50-rs.75, i would buy today, but price has been average 138.
I had a substantial quantity, which i have now sold at rs.135.00 a few minutes back...
So, am a happy jack at the moment!!!
long live ADAG.
Best wishes,
samir.
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VikasG
Groupie
Joined: 22/Nov/2009
Online Status: Offline
Posts: 86
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Posted: 04/Dec/2009 at 7:33pm |
I feel this stock is going to reach unbelievable price (on the upside) as AA would live to charge higher premium on Adlabs Rights issue, as this listing could be a trigger for it. Also, I feel the market is on brink of nov 07 kind of situation, that time it was Adlabs which got into Dinsy price level, this time RMworld could do that. after few days when most ppl would have sold their holding, then I feel the real move will come.
(JUST MY THOUGHTS , SRRY IF I WROTE SOMETHING WRONG, MOD PLEASE DELETE IF U FEEL SO)
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Cutting losses is like performing surgery on one arm with the other’
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