| Author |
Message |
$x$=$
Groupie
Joined: 12/Nov/2009
Online Status: Offline
Posts: 70
|
   Topic: Singer India
Posted: 14/Jan/2013 at 6:33pm |
|
Singer India.
The Company came out of bankruptcy and looks like poised for growth. Has any one looked at it lately?
|
|
I buy businesses...
|
 IP Logged |
|
|
|
 |
|
j2eeprofessiona
Senior Member
Joined: 13/Sep/2008
Online Status: Offline
Posts: 968
|
Posted: 12/Feb/2013 at 9:50pm |
Originally posted by $x$=$
Singer India.
The Company came out of bankruptcy and looks like poised for growth. Has any one looked at it lately? |
yes i am an investor in this company. Can you put up a note on this investment idea?
|
|
IP Logged |
|
|
|
coolcarney
Senior Member
Joined: 01/Mar/2011
Online Status: Offline
Posts: 165
|
Posted: 12/Feb/2013 at 10:57pm |
|
I recently saw a store somewhere near Kandivali-Malad area on the SV Road. It was a company outlet and was to start in couple of days. In case I visit the store, I will gather some more information.
The company also sells Induction Cookers, Iron, etc. Refer their website. Main sales are still from Sewing Machines.
|
|
IP Logged |
|
|
|
basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
|
Posted: 12/Feb/2013 at 8:25am |
|
Till the BIFR removes it from its clutches the re-rating will not happen.
|
|
'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
|
|
IP Logged |
|
|
|
j2eeprofessiona
Senior Member
Joined: 13/Sep/2008
Online Status: Offline
Posts: 968
|
Posted: 12/Feb/2013 at 11:15am |
Originally posted by basant
Till the BIFR removes it from its clutches the re-rating will not happen. |
correct, and thats when the opportunity for retail investors like me lies. Now, its already wiped out the accumulated losses, is networth positive and going in newer, better areas. So till the time it gets out of BIFR it might be a good idea to accumulate. After re-rating it would have already become expensive :) ....By the way, do u know normally by when companies gets out of BIFR?
|
|
IP Logged |
|
|
|
j2eeprofessiona
Senior Member
Joined: 13/Sep/2008
Online Status: Offline
Posts: 968
|
Posted: 13/Feb/2013 at 1:20pm |
Originally posted by coolcarney
I recently saw a store somewhere near Kandivali-Malad area on the SV Road. It was a company outlet and was to start in couple of days. In case I visit the store, I will gather some more information.
The company also sells Induction Cookers, Iron, etc. Refer their website. Main sales are still from Sewing Machines.
|
right...and this is a good sign...hopefully, it would grow a lot more in the coming years...by the way according to their AR they are making good progress in this area...did u get a sense of their appliances sale from this quarter's result?
|
|
IP Logged |
|
|
|
coolcarney
Senior Member
Joined: 01/Mar/2011
Online Status: Offline
Posts: 165
|
Posted: 13/Feb/2013 at 2:43pm |
I just saw the result but did not analyse it as such. Its more of a trading company as of now is my GUESS. Sewing machines constitutes major sales. When I spoke to the person in the store, he said Singer brand is popular but when it comes to other appliances people don't know if its the same singer which makes sewing machines and it will take time. It is popular in South India. I was planning to visit and get a brochure he had promised me when store opens.
Originally posted by j2eeprofessiona
Originally posted by coolcarney
I recently saw a store somewhere near Kandivali-Malad area on the SV Road. It was a company outlet and was to start in couple of days. In case I visit the store, I will gather some more information.
The company also sells Induction Cookers, Iron, etc. Refer their website. Main sales are still from Sewing Machines.
|
right...and this is a good sign...hopefully, it would grow a lot more in the coming years...by the way according to their AR they are making good progress in this area...did u get a sense of their appliances sale from this quarter's result?
|
|
|
IP Logged |
|
|
|
j2eeprofessiona
Senior Member
Joined: 13/Sep/2008
Online Status: Offline
Posts: 968
|
Posted: 13/Feb/2013 at 4:55pm |
Originally posted by coolcarney
I just saw the result but did not analyse it as such. Its more of a trading company as of now is my GUESS. Sewing machines constitutes major sales. When I spoke to the person in the store, he said Singer brand is popular but when it comes to other appliances people don't know if its the same singer which makes sewing machines and it will take time. It is popular in South India. I was planning to visit and get a brochure he had promised me when store opens.
|
no sir, this is not a trading company at all. So this is one good thing :) ....i also like the fact that it is generating good amount of cash...one dividend and we have a re-rating on the cards.
|
|
IP Logged |
|
|
|
Active Topics
Memberlist
Calendar
Search
Help
Register
Login
