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Reliance Mediaworld (BIG FM)

Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Stock Synopsis
Forum Discription: A bried discussion of companies on very specific matters. Normally this is the prelude for further research as always members would be discussing quality companies with good management only
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=2551
Printed Date: 21/Apr/2025 at 12:10pm


Topic: Reliance Mediaworld (BIG FM)
Posted By: samirarora
Subject: Reliance Mediaworld (BIG FM)
Date 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!!!


Replies:
Posted By: basant
Date Posted: 03/Dec/2009 at 9:39am
There is no point comparing price levels what is the market cap?



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Posted By: Hitesh Shah
Date 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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Posted By: samirarora
Date 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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Posted By: smartcat
Date Posted: 03/Dec/2009 at 10:50am
FY09 sales of Rs. 200 cr, losses of Rs. 100 cr.

Posted By: samirarora
Date Posted: 03/Dec/2009 at 10:52am
Its a fledgling business.. ENIL is in similar conditions although they have had a proper head start.

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Posted By: samirarora
Date 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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Posted By: VikasG
Date 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’

Posted By: FutureBull
Date Posted: 04/Dec/2009 at 8:30pm
don't understand why it should deserve premium.
http://www.moneycontrol.com/news/news/peer-comparison-reliance-media-world-vs-enil-_429105.html - Link 1

http://www.moneycontrol.com/news/views/reliance-media-world-doesnt-deserve-premium-over-enilshah_429071.html - Link 2

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‘The market always does what it’s supposed to — BUT NEVER WHEN’.

Posted By: PKB2000
Date Posted: 04/Dec/2009 at 8:39pm
I have some stocks in ACMIL account since a long long time. In fact few days back they have sent an SMS that they have deactivated the account for no trading for past six months. Incidentally I got a letter from ADAG for some shares of reliance media or FM demerged from ADLAB stock few months or may be year back. Though I do not have much interest to those stocks to trade. Those are very low in quantity and wish them to stay there but wish to know are those the babies from ADLAB for quick reference and to avoid details analysis on them!

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I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso

Posted By: samirarora
Date Posted: 04/Dec/2009 at 8:55am
The thing with adag stocks is, that they have the ability to make you richer very quick, BUT... they also can make you very poor , and would not even give you a chance to react.
Fm is a great business and  like it a lot and will later at some time take entry.. but for now, i saw a huge profit and i have acted.
Sure, RMW could go further up or whatever, but i thought i did well and kept my greed under control and sold out.
Needless to say, 24 hours have passed and i have no regrets and I am mentally prepared to see RMW at 200 also, but still wil have no regret, because i have the knowledge that at 200 ENIL is a far better bet, and those buying RMW at 200 really dont know what they are doing.
 
@PBK2000
No delivery 30th July to 7th august, record date 8th august.
 
If you held adlabs before those dates, then you would have got reliance media world in a ratio of 1:1 into your dmat account on the 8th.
Yes, RMW is a baby from adlabs now known as reliance media works.
 
All the best,
SAmir.


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Posted By: PKB2000
Date Posted: 05/Dec/2009 at 9:01pm
Originally posted by samirarora

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If you held adlabs before those dates, then you would have got reliance media world in a ratio of 1:1 into your dmat account on the 8th.
Yes, RMW is a baby from adlabs now known as reliance media works.
 
All the best,
SAmir.
Yes I am holding much before those days and thank you very much I have searched and found the slip with note for credit of Reliancemedia stocks  to my ACMIL account!

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I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso


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