TV 18 - A CAS(e) for Internet valuations
Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Emerging companies - Mid caps that can become large cap
Forum Discription: These are companies operating in growing markets having have certain niches or specific attributes like new sector plays. These are emerging multibaggers with high risks and high rewards.
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=29
Printed Date: 05/Apr/2025 at 4:48pm
Topic: TV 18 - A CAS(e) for Internet valuations
Posted By: basant
Subject: TV 18 - A CAS(e) for Internet valuations
Date Posted: 20/Jul/2006 at 2:43pm
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THIS THREAD WAS STARTED BEFORE TV18 WAS DEMERGED INTO TV18 AND NETWORK 18
TV 18 (CMP Rs 571) has been one of my best all time picks. This is also a case of what Lynch said “Buy what you see”. The story for now runs deeper then that. There are multiple triggers that the market is failing to recognize at this point in time.
Analysts today behave like accountants. They refuse to estimate and generally rely on companies to provide guidance. With this kind of an approach investors will only make market returns. There are multiple analyst reports refusing to take into account any of the profits from TV18’s new venture since the company did not give them any figures.Now the multiple triggers that this stock could see are: 1) Raghav Bahl the promoter had declared last year that Awwaz’s revenue in some time would exceed the revenues of CNBC TV-18. The total viewrship of Awwaz is already on par with that of TV 18 and as per Raghav’s statement the total revenues from Awwaz should soon overtake the English news channel’s revenue- Analysts have not made any provision for revenues from this channel. 2) No provision has been made for any revenues from CNN-IBN the English flagship channel. The latest TAM ratings show that CNN-IBN is ahead of NDTV 24/7 in all the time slots. If the market values NDTV’s 3 channels at Rs 1000 crores market cap the value of the English Channel 24/7 should at least be half of that. A lion’s share of NDTV’s revenue is derived from this 3) Channel 7 a company in which the TV 18 group holds 50% stake also does not find any mention in the analyst’s reports. The Research houses argue that in the absence of the company giving any guidance on these channels they would not be able to account for any of the revenues that might accrue from these ventures. Now we can come to the most interesting part – the Group’s internet business. In fy 06 The revenues from internet and related software businesses for TV 18 group as a whole was Rs 11.13 crores out of the total revenues for Rs 152.04 crores. Almost half (Rs 6.03 crores) of the internet revenues had come in the period Jan – Mar 06. Moneycontrol has already been ranking amongst the top 1000 websites in the world and amongst the financial websites is ranked only behind the wallstreetjournal.com. The market will now have to quickly adjust to the rise of ibnlive.com into the top 2500 websites in the world. This has happened within 7 months of its launch. The other growing internet businesses that TV 18 posses are yatra.in (finance partners At the NASDAQ internet companies are valued at 10 to 20 times market cap to sales. We cannot do an EPS analysis of TV – 18’s internet properties since the data is insufficient and therefore stick to a market cap to sales study. The company has already decided to transfer its internet businesses into a wholly owed subsidiary to provide focus to these ventures.
Source yahoo finance Of late there has been tremendous growth in the broadband services in No wonder the top management says that internet properties “can create tremendous value” As I write this there is a news flash about the Govt. finally notifying CAS and once that happens TV-18 will be further benefited. This is so because last mile operators rampantly under declare the actual number of cable TV subscribers to the broadcasters. It is estimated that only 15% of the actual subscription is pocketed by broadcaster- the rest is kept by the distributors since there is no monitoring authority. ------------- '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 |
Replies:
Posted By: vinay
Date Posted: 20/Jul/2006 at 11:54pm
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THIS DISCUSSION IMPRESSED ME TO BUY THIS STOCK. |
Posted By: basant
Date Posted: 21/Jul/2006 at 2:48am
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The Tv 18 group has also picked up a 50% stake in the Indian operations of Jobsstreet.com. With a a target audiance base that is consists of predominently professionals and executives the company would be able to generate great synergies from this investment. I was fortunate enough to meet Dr. Pranoy Roy (founder of NDTV) near Alipore in Kolkata last winter. Dr. roy was taking an afternoon walk and while I rushed from the car to talk to him about the media Industry I was pleasently surprised when during our short conversation he said "CNBC is very powerful".
The TV 18 management is doing their business very well. Stock prices could fall from here or stay in the current range. Who knows? But if the company continues to increase its EPS at a good pace and generate a decent RoE the market will have to sit back and take notice. ------------- '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 |
Posted By: maag
Date Posted: 25/Jul/2006 at 8:31am
| Do you recommend people to buy this stock for at present levels for a 3 to 6 month period? WHat price can you see by the end of December 2006 when CAS is launched? |
Posted By: basant
Date Posted: 27/Jul/2006 at 1:42am
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For the quarter ended June 2006 Sonata Investments - A Anil Ambani controlled company has increased its stake in Tv 18 from 6,50,000 shares to 10,00,000 shares. ------------- '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 |
Posted By: basant
Date Posted: 28/Jul/2006 at 5:06pm
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TV18, Continued News Leadership! Television -18 came out with its numbers today. I have presented the salient features discussed by the management regarding the operations of the company. Over the past few months, besides consolidating its leadership position on established brands like CNBC TV18 and Awwaz, the TV18 network also emerged as the lead contender in the English News space with the firm dominance of CNN-IBN as the leader in English news. The recent relaunch of Channel 7 has seen it emerge as a strong contender for leadership in the Hindi News space. Besides, TV18 has also embarked on an ambitious internet strategy that has seen it enter the online recruitment (Jobstreet.com), travel services (yatraonline.com) and Home Shopping space (both online and television). Over the next few months, TV18 will continue to consolidate its leadership in the television and internet space. TV18 has also shown robust revenue and profit growth. The growth in revenue and profits is purely attributed to the strength of its product offerings. Here is a brief synopsis of the performance of its key properties for the April- June 2006 quarter: CNBC-TV18: news on television…the last word in business news. AWAAZ: The first channel to focus on the needs of the consumer. Little surprise, AWAAZ is the fastest growing channel in the country. Channel7: The emerging leader in Hindi news. IBNLive.com: The online arm of CNN-IBN, with hardcore news offering and an interactive platform for users. Moneycontrol.com: financial portal. Poweryourtrade.com: The online investment service that gives you everything you need to trade and to win, at your fingertips. Commoditiescontrol.com: information and research service. Jobstreet.com: One of Yatra.com: Yatra Online is Result Synopsis:
· TV18** posts 55% Revenue growth; Net Profit up 65%
· Q1 Revenues at Rs. 416.07 mn, Up 55% YOY
· Operating Profit at Rs. 213.76 mn, Up 57% YOY
· Operating Margin maintained above 50%
· Net Profit at Rs. 138.21 mn, Up 65% YOY
· EPS at Rs 6.57but after deducting for ESOPs the EPS is Rs 5.59)
TV18 Network (all four channels) Records 100% Growth in Revenues over last year **Published results include revenues from CNBC-TV18, Moneycontrol.com & Commoditiescontrol.com and do not include results from CNN-IBN, Channel 7, Awaaz and also a slew of Internet ventures. Company is expected to announce a couple of acquisitions in the internet space Highlights:
· A strong franchise base is fuelling the growth in revenues. · CNN-IBN has firmly established its leadership position in English General News. Ahead of the second best by 30%( · CNN-IBN is the most watched channel on special days/events. Internet Ventures Highlights:
· 3.5 million unique users subscribe to Moneycontrol. More than 120mn page views per month along with the highest average time spent of 29 minutes per user. · Ibnlive.com is fast becoming · Commoditiescontrol.com is the undisputed leader in commodities information space - begins supplying information to corporate users. · With the acquisition of stakes in Jobstreet.com and Yatra.in, – the Group is investing aggressively in the Internet space with the aim of leveraging its 70M strong television audience franchise. India's decision makers watch CNBC-TV18 · Decision makers in · CNBC-TV18 has more Out Of Home viewership than any other news channel. The DMS 5 discerned that 54% of Decision Makers watched CNBC-TV18 from Out of Home. · The viewrship measured by TAM is based on household sampling. The actual viewrship of CNBC-TV18 would include a figure of up to 45% more on current levels, as CNBC-TV18 is watched extensively in corporate offices and retail financial outlets. (Source: NFO Study on Out of Home Viewing, 2005) AWAAZ Amongst its other properties, AWAAZ has already emerged as a pioneer in consumer television. · In a year's time, AWAAZ has already developed a viewership comparable to CNBC-TV18! · Consumer Television in Hindi has come of age. It is already bigger than business television! · Corporate Decision Makers across sectors watched AWAAZ more than Star News, NDTV India and Zee News, as per the DMS 5 survey It's been less than a year and a half since AWAAZ launched and the channel is already watched by more than 43% of TV18 has truly come to own more than 70% of the Business News viewrship space. The investment community in the country is pegged at close to 2.1 crores (SEBI NCAER Survey 2001). Seventy percent of the figure amounts to a massive 1.47 crore individuals whose information needs are looked after by the CNBC-TV18 and AWAAZ network offerings. Moneycontrol is already the country's No.1 one online financial destination. It is also comparable to the world's largest financial destinations like the Wall Street Journal's online edition (wsj.com), Fool.com and Yahoo Finance! More than 4.5 million unique users on an average monthly 100 million + page views and the highest time spent of 29 minutes per user (as against an Indian average of 9 minutes) makes it a revolution of sorts. The audience profile is indicated by the fact that amongst the users of the Moneycontrol portfolio tracking service, more than 85% have a portfolio of investments averaging 5 lacs+ (on a base of approx 0.6 million portfolio users) Between CNBC-TV18, AWAAZ and Moneycontrol.com, the network serves the needs of 40 million plus people monthly, who depend on these services to make investing decisions CNN-IBN CNN-IBN, the English News service from the TV18 Group (a service of TV18 and Time Warner) has leapt ahead of the four year old NDTV 24x7 in the core consumers of English News and India's most affluent and influential audiences. CNN-IBN has taken the prime time lead not only in the audiences that matter but also in a much wider audience of CS 15+. It is purely a matter of time before CNN-IBN takes acomplete lead over NDTV 24X7 across all time bands and viewer profiles. Infact CNN-IBN has gone on to beat NDTV 24X7, eight weeks in a row to establish itself as the undisputed prime time leader in English News, for affluent Indian decision makers Beating NDTV: Though 7/11was a sad event, but IBNlive was way ahead in it’s coverage. It was the preferred destination on the net as it beat established players like ndtv.com. The daily pageviews per million soared for ibnlive while dipped for NDTV.com. CHANNEL 7 Channel 7 is spearheaded by the biggest faces of TV News journalism, including the likes of Ashutosh & Rajdeep Sardesai. To top it all, the channel is backed by a strong force of over 4000 news professionals in Channel 7 has swiftly grown to over a 11% market share of Hindi News! and has already shot past NDTV Television Eighteen India Limited Consolidated Financial Performance (Unaudited Consolidated) for the quarter ended 30th June 2006 (Rs. in mn)
Source Management discussion and investor update ------------- '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 |
Posted By: Vivek Sukhani
Date Posted: 28/Jul/2006 at 5:45pm
| Good results. What is the PEG of TV-18. Also, everything looks decent but dont you think the Provision for Tax is unusually supressed. |
Posted By: basant
Date Posted: 28/Jul/2006 at 6:05pm
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Other problems that one may ignore for the time being.
EPS growth is less then net profit growth but the co. invested heavily into three properties IBN, Awaaz Channel 7 and new internet ventures so we may ignore that because the equity dilution will be far less then the accreation to bottomline.
The cost of maintaining the brand is showing up on the esop side but since overall it is delivering and Media (Tv/ news ) is a branding game. people want to watch Udayaan irrrespective of what he is saying (he is smart no doubt) so the company has to have a very nice inbuilt esop plan so that the anchores stick. Since it is working out well we will just give it a pass but be alive to the caution. there are no other easier ways out. See how AAj tak and NDTV are losing people.
Prov for tax will be down also as after restructuring the company will be able to write off the losses of the start ups.They have provided enough defreed tax provisioning last year.
Growth in profits will be 70% that is what raghav bahl said last year but I would take it at around 40% compounded for another 2 - 3 years. The current year EPS would be around Rs 30 without including the enw properties and with their inclusion it could rise to as high as Rs 60 for fy 08. Fy 07 will be a consolidating year for new properties as each one of them would try and break even therefore I am more sure on Fy 08 EPS.
So you have a 40% grower (minimum) at a 20 PE current year. PEG of .5. that is after the current sell off Tv 18 was the first to recover you were getting a 40% grower at a PE of 10 one month back.
------------- '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 |
Posted By: Vivek Sukhani
Date Posted: 28/Jul/2006 at 6:28pm
| good... looks too good, infact!!!!! |
Posted By: basant
Date Posted: 28/Jul/2006 at 11:10pm
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Also this quarter is weakest for Tv18 as it comes after budget and before the festive season. I think that Tv 18 with a 80% business news space in our country and available at an expanded restructured market cap of Rs Rs 1600 crores is a solid concept with a favourable risk reward ratio. ------------- '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 |
Posted By: maag
Date Posted: 29/Jul/2006 at 9:34pm
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Why are stocks like NDTV and Tv today not performing mind u aaj tak is till number 1 in hindi and Pranoy Roy is an old warhorse who got into the industry well before these tv 18 people .
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Posted By: prashantmohta
Date Posted: 01/Aug/2006 at 11:19pm
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Television Eighteen (TV18) has reported strong revenue surge of 56% in Q1FY07 at Rs416m, as it continues to capitalize upon its dominance in the business news genre and internet venture gains relevance (Rs51.5m revenues). EBITDA margin has improved by 50bp and PAT has risen sharply by 80%, at Rs144m aided by lower tax rate. TV18 and the group companies have been the fastest in terms of adding newer growth drivers. Besides presence across the news genres (CNBC TV18, CNN IBN, Awaaz, Channel 7), TV18 is also rapidly scaling up its internet venture. TV18’s various internet properties (moneycontrol, commoditiescontrol, poweryourtrade, ibnlive, jobstreet and yatra online) offer scope to monetize as also attract high value. TV18 has also tied up with a private equity player (SAIF Partners) for its foray into the Home Shopping space (expected to be operational by Q4FY07). We believe that TV18 has highly attractive business model with multiple earnings avenue and its ability to scale up each of these business ventures. TV18 has also planned to raise capital aggregating Rs3bn to fund its new business ventures. Besides, TV18’s proposed restructuring offers significant potential to capture the value of GBN and newer ventures. Given the captivating business model, we reiterate our Outperformer call. The stock currently trades at 20x FY07E earnings and remains the top pick in the sector. Captivating business model – Reiterate Outperformer We like the fact that TV18 is seeding new growth drivers and each of them are not just scalable but also attract high value. Confident of the strong growth momentum, TV18’s willingness to scout for newer avenues and two of the strongest global broadcast properties (CNBC & CNN) on its side, TV18 is a captivating business model. We continue to maintain our Outperformer call. this report is generated by SSKI.
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Posted By: prashantmohta
Date Posted: 01/Aug/2006 at 11:44pm
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India is the third largest television market in the world today. There are over 119 million television households, which comprise only about 60 per cent of the total households in the country. Of these 119 million television households, about 50 million receive cable television services, leading to a penetration of only about 42 per cent cable TV households to total TV households and 25 per cent cable TV households to total households in India. As can be seen from these low penetration percentages, there exists a huge untapped potential for growth in this industry. The television advertising market in India today is estimated at about US$ 1,067 million. The growth of the television advertising industry is primarily linked to the overall growth and development of the economy. Further, with increasing number of channels being launched, it is estimated that the industry will grow by 12-14 per cent in the immediate next year and thereafter by 14 per cent per annum compounded annually, over the next five years. PRASHANTMOHTA
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Posted By: equity analyst
Date Posted: 02/Aug/2006 at 9:38pm
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Tv18 stock was Up 10% today closed at 650.news was that FIIS can buy more in the stock. ------------- "Markets are the places where two types of people meet up in the morning: those with experience and those with money. Towards the end of the day, they exchange their assets and go home." |
Posted By: basant
Date Posted: 02/Aug/2006 at 10:58pm
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Also their new internet travel portal yatra is rocking. it is already in the top 1% internet websites in the world and I am told that they have hired an old Pepsi war horse for their home shopping portal!!! ------------- '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 |
Posted By: prashantmohta
Date Posted: 19/Aug/2006 at 6:26pm
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GLOBAL BROADCAST NEWS LTD (GBN), A TV 18 GROUP CO.OWNER OF CNN IBN HAS ANNOUNCED FOR AN IPO TO RAISE 100 CR.HOW SHAREHOLDER WILL BE BENIFITTED FROM THIS STEP.FURTHER IF IT IS SPINOFF CASE THE CO.ALSO OWNED SEVERAL BUSINESSES. ANY COMMENTS.
PRASHANTMOHTA
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Posted By: basant
Date Posted: 20/Aug/2006 at 12:58pm
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Tv 18 holds 74% in GBN which is the owner of news channel CNN-IBN and 50% in IBN -7. The other 26% is held by professionals like Hareesh Chawla, Rajdeep Sardesai, and Sameer Manchanda.The last two are ex-NDTV and had built NDTV from scratch. Manchanda is known as a very hard negotiator and a financial whizz while Rajdeep needs no introduction.
Once GBN is listed it would trigger a run in Tv 18; since its investments could now be valued at some price. Till date analyts have not put any valuation to this investment. This also had to happen after all the three wise men would not have been eager to hold shares of an unlisted entity.
By the way Haresh Chawla (CEO TV 18) owns over 250,0000 shares in Tv 18 and Udayan mukherjee owns over 100,000 shares in the same company - both hold it as a mix of ESop and market purchases. ------------- '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 |
Posted By: equity analyst
Date Posted: 20/Aug/2006 at 1:08pm
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Sir only for your information Mr.Raghav Bhel CEO of Tv18 has sold 200000 lakh shares of TV18 through block deal at approx Rs 622 per share. Sir can we make out why he has sold the shares. ------------- "Markets are the places where two types of people meet up in the morning: those with experience and those with money. Towards the end of the day, they exchange their assets and go home." |
Posted By: basant
Date Posted: 20/Aug/2006 at 1:23pm
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It is an internel adjustment he has sold more then 200,000 into Tv 18 fincap which is also a promoter entity. Promoters are not selling to outsiders in fact he cannot they own just 26% of the company. Moreover raghav will sell 10% of his stake and transfer the money for FREE to Tv 18 this will be used by Tv 18 to expand business - a rare case of corporate integrity. I am not sure but this transfer could be a prelude to that ------------- '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 |
Posted By: Vivek Sukhani
Date Posted: 20/Aug/2006 at 1:58pm
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What do mean by transferring money for free? I mean kindly will you be able to make how will this accounting be done?Also, this is a practice which must be avoided as I dont think a company is a charity house.Nothing must be transferred htom here to there and from there to here for free. I was extremely bambozzled when recently Gujarat NRE coke 'gifted' 10 shares of a private company of his for 500 shares of gujarat NRE Coke.With due regards to the intentions of Mr. bahl, I would still consider it a very bad business practice.If he to do like this, he can offer a buy back to exisitng shareholders and earn a far bigger name for himself. |
Posted By: basant
Date Posted: 20/Aug/2006 at 3:53pm
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Raghav is urrendering 10% of HIS personal stake back to the company.The company shall issue these shares to Institutional investors and take the money. IT is a case of voluntary relinquishment of shares and does not amount to anything wrong. Here the minority shareholders are benefitted.since there will be additional cash in the company against the shares surrended by Raghav. ------------- '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 |
Posted By: Vivek Sukhani
Date Posted: 20/Aug/2006 at 8:43pm
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ok...got it!!!actually, I beleive TV18 is more a case of running along with the markets and beating the market in that quest... it has a fancy, which makes people rush to it when the market zooms up... but then it will go down alongwith the markets... however, this time it has bucked the trend and i beleive a four figure is quite possible.However, its not going tobe a multi-bagger, in my opinion.It lacks the single most criteria for becoming a multi-bagger...it will never have that scale of turnover which multibaggers have... just think of companies which are so widely held and those who have become multibaggers with such a low turnover.
Also, if I have to think like lynch, I will go ahead with NDTV for I see it talking more sense than TV18, and gradually I beleive the scales will tilt in its favour...
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Posted By: Vivek Sukhani
Date Posted: 20/Aug/2006 at 8:57pm
| I can recall just 1 company which has been a multi-bagger with a small turnover. that company is Opto Circuits...but then Opto has rewarded the shareholders with so much by way of bonuses,that it sereves to be in that list... also its turnover has increased at a pace which is mindblowing, to say the least. I am trying to compare TV18's case with opto circuits to determine whether TV18 has in it to be a multi-bagger.... |
Posted By: basant
Date Posted: 20/Aug/2006 at 10:37pm
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You would be surprised to know that Pantaloon has a turnover of about 12 times to TV 18 and its profits are just 1.5 times greater then TV 18
Turnover should be looked at in relation to net profit margins and not in isolation. None of the high grade technology companies had large turnover still they went up 100 to 200 times.
Once CAS/DTH is introduced these broadcasting companies could go places. ------------- '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 |
Posted By: Ambarish
Date Posted: 23/Aug/2006 at 2:44pm
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tv18 has just bought three portals on cricket and urban life, its looks like they r agressivly trying to get into internet portals and growth of internet in india is predicted to be 100% over the year as broadband has just arrived in india
------------- www.halwasiya.uni.cc “Wining is not everything, it is the only thing” |
Posted By: basant
Date Posted: 23/Aug/2006 at 4:07pm
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If you go through Haresh Chawla's interview there are essentially two very important disclosures he made:
1) Last year the internet ventures grew at 600% and Haresh expects the same trnd to continue this year -A Very significant statement last year the group earned about Rs 11.13 crores from internet and if we take a six fold figure it comes to Rs 67 crores for FY 07.
2) In 5 years the revenues from internet ventures shall equal the media revenues of the Tv 18 group.- Very significant because the media businesses will grow at 40% and last year internet contributed to less then 10% of total revenues.
WHile I has these calculations in mind when I presented the first argument for discussion the management's statement reinforces the growth trajectory that this company is on..
------------- '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 |
Posted By: basant
Date Posted: 26/Aug/2006 at 3:22pm
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Cricket next could run live and parallel with the TV during cricket matches. Most of the people are unable to view live Tv since they are at work this site could have a team of cricketers providing not just scores but some finer point of the game as to how it would have benefitted India had they sent Dhoni ahead of Yuvraj and why Murli should be handled more by Dravid and not by Dhoni etc etc it could become a huge success.
They would get the discussion forum going because in cricket we are all interested to give our views rather then take it from others, at a later date the company could be selling CD's of how to play cricket - Kapil Dev teaching aspirants how to bowl outswingers etc. They could have seperate chatrooms for different matches. India vs Pakistan and England vs Sri lanka so here the opportunity is global.
Unlike moneycontrol here the whole world could be addressed to. DUring the London blast more people tuned into the BBCwebsite rather then watch TV. ------------- '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 |
Posted By: basant
Date Posted: 26/Aug/2006 at 3:24pm
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Cricketnext.com the present subscriber base ia at 5 million people which could easily double by World cup 2007.The company is working on a few more internet properties from the Lifestyle segment. With the kind of reach moneycontrol and ibnlive have they can do almost anything in the internet segment. ------------- '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 |
Posted By: basant
Date Posted: 31/Aug/2006 at 3:22pm
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The TRAI recommendations of rolling out CAS in the four metros should give a big boost to TV 18 and other broadcasting stocks. WHile the present rates are capped at Rs 5 the fine print is: 1) Thiis for only one year then market forces will take over and pricing will become more transparent
2) This is an excellent way to shift the consumer into the CAS system.
3) Once implemented enrolled decleration will rise by 5 times.
4) The problem therefore is for just one year.
5) Since the CAS areas will get cable TV at 50% of the non CAS areas there will be a scramble and a pressure from the consumers to implement CAS. That helps the industry in the long run.
6) Finally stocks are not for one year but meant to be held for a longer period of time then that.
Conclusion: So while the CAS stocks could go down a bit in the short run long term investors should get in to buy and make a basket of such stocks because when market forces take over the valuatioions would rise mani fold.
While the RS 5 funda lacks reasoning since there are channels like Ten Sports who pay billions for broadcasting rights and TRAI should note that cable is not Kerosene. But on the filip side this would make the the transition smoother and bring better times for the industry or rather change the face of it.
Over all the news is very bullish for the long term. ------------- '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 |
Posted By: Vivek Sukhani
Date Posted: 31/Aug/2006 at 10:31pm
| blessing in disgiuse as it may be, but do you maintain ur targets for the mesr term meaning FY07 EPS etc. same as before? |
Posted By: basant
Date Posted: 31/Aug/2006 at 10:41pm
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Absolutely. In fact since the whole market knows that CAS will be implemented no one would like to sell the stock in distress, The subscription revenues do not make more then 25% of the total revenues anyway. ------------- '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 |
Posted By: prosperity
Date Posted: 04/Sep/2006 at 1:46pm
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Added more at 590.. Have some more money - what would be a good rate to look for further entry in next 1 month ? Thanx..
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Posted By: basant
Date Posted: 04/Sep/2006 at 2:07pm
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TV 18 remains to be the best pick in the booming media and http://www.theequitydesk.com/forum/forum_posts.asp?TID=259 - internet space where the scale of opportunity is huge .
The proposed http://www.theequitydesk.com/forum/forum_posts.asp?TID=261 - restructuring and subsequent listing of group companies should deive valuations further.
I am very bullish on this stock but since the stock is volatile it tends to fall very quickly (also recovers) in case of market declines. ------------- '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 |
Posted By: prashantmohta
Date Posted: 04/Sep/2006 at 2:15pm
| it means moneycontrol,commoditiescontrol,jobsstreet,yatraonline,ibnlive all will be subsidised in future and could be listed in exchanges with ten times to their sales. |
Posted By: basant
Date Posted: 04/Sep/2006 at 2:21pm
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Ha Ha Ha. that is the hope and if that happens..... ------------- '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 |
Posted By: RAKESH
Date Posted: 04/Sep/2006 at 3:03pm
| can i buy at current level |
Posted By: basant
Date Posted: 04/Sep/2006 at 3:11pm
| That is a very tough one. But buy a small quantity of http://www.theequitydesk.com/forum/forum_posts.asp?TID=29 - |
Posted By: PKB2000
Date Posted: 04/Sep/2006 at 3:58pm
|
I just sold 500 PIECES GUJARAT SIDHEE CEMENTS LT and bought 17 pieces of TV18 ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: patnitin
Date Posted: 05/Sep/2006 at 3:30pm
|
I bought this stock a couple of years ago during the dotcom boom period for around 650 and have been holding it for years without any benefit.Should I still stay in it?
I know you may say that I should have got out after loss,but the crash didn't give me any time to do that.
|
Posted By: basant
Date Posted: 05/Sep/2006 at 4:54pm
|
Hey. That should ahve been 6 years ago (dot com) Now things are different and I would suggest you to hold on as the company should be doing very well over the next 2 - 3 years. ------------- '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 |
Posted By: patnitin
Date Posted: 05/Sep/2006 at 6:06pm
| Thanks Mr.Basant for your kind suggestion.Can I add at this level?Since I have very few qty(25)? |
Posted By: basant
Date Posted: 05/Sep/2006 at 6:10pm
|
I would think so.The company is doing well but the basic problesm from the stock point of view is that it gets hammered very soon and then recovers also but if you can ride out that volatility then it makes sense to invest. ------------- '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 |
Posted By: Ajith
Date Posted: 05/Sep/2006 at 8:26pm
|
Mr. Basant,I agree with your fine reasoning that which I sensed.I would be a fool to restrain myself from buying and holding it.TV18 will be the media major and beneficiary of wide internet penetration-potentially a high multibagger. |
Posted By: omshivaya
Date Posted: 09/Sep/2006 at 10:56pm
And if that happens, what kind of a bagger for TV18 from here onwards till all of them get listed as ten times their sales on the exchanges?
your wild guess? ------------- 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 |
Posted By: basant
Date Posted: 09/Sep/2006 at 11:05pm
|
I did that calculatin and it works out to between Rs 3750 - Rs 4000 for the internet business alone in 2010.
Tv 18 bought moneycontrol for Rs 3 crore in 2000 and today it is worth more then Rs 300 crores!That is a full 100 bagger.
Now I want to throw this at all of you and would like to have as many reaction as possible. It is very important and could be very rewarding as well.
Have you seen the caption ask the expert (not the ones we keep remembering here) on moneycontrol where any person could ask him aboyut tax, gifts legal etc etc.
If so any idea how big this can become. Would request you to provide your views. ------------- '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 |
Posted By: omshivaya
Date Posted: 10/Sep/2006 at 2:25pm
|
Well, I dont think I have the answers here. Maybe somebody with more analytical skills can throw in some light. ------------- 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 |
Posted By: prosperity
Date Posted: 12/Sep/2006 at 9:15pm
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What is your comfort zone for TV18 Buy levels ?
How sure are you that you'll achieve these levels ?
------------- |
Posted By: kulman
Date Posted: 12/Sep/2006 at 9:44pm
|
See I would be comfortable paying 15 times forward FY08E, so my zone would be around anything below 520.
If I do not get it, I might give it a pass...and look for some other opportunities.
----------------------------------------------------------------------------------------
P.S.: I constantly am looking for bad news "opportunities"- one off bad quarterly results, FED raising rates, riots, negative talk by "analysts" especially if they are from MS, CLSA, strikes, family feuds etc etc ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: omshivaya
Date Posted: 12/Sep/2006 at 11:09pm
|
My comfort zone for TV18 would be around 550.
I believe that if someone has conviction on a stock, then entry price matters a bit, but not that much that I forget about that story altogether! ------------- 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 |
Posted By: Equity Buff
Date Posted: 12/Sep/2006 at 8:28am
|
Dear Basant, I think "Ask The Expert" can become massive. As you are aware there are such mediums available in the U.S. on web sights, TV talk shows and on Radio which have become very very popular.
Equty Buff.
|
Posted By: Equity Buff
Date Posted: 12/Sep/2006 at 8:50am
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Dear Basant, A) In your eariler post you mention your calculation works out to Rs. 3750 to Rs. 4000 for the internet business alone by 2010. Pls explain is this the value of the internet business in crores as calculated by you or is it something else ? B) Mr. Raghav Bhel relinquishing TV 18 shares, 10% of his personal holding, to TV 18 and has done something similar of 200,000 shares to TV 18 FIN. Is he doing this for free ? so that the same shares could be privately placed and the company could get additional money for expansion wihout increasing equity ? If this is true it speaks volumes for his Integrity and the confidence he has in the future prospects of his company.
Await your feedback.
Equity Buff
|
Posted By: basant
Date Posted: 12/Sep/2006 at 9:11am
|
I have been looking at "ask the expert" section at money control and it appears to have caught the public eye. People whom I know have been talking about it Right now they are trying to just get a second opinion after their CA's but things will change very soon.I do not think that the working population at Bangalore and Hyderabad have any time to get to their CA's and that is a huge opportunity! Over the next few years this section would become larger then money control. Only 2-3% of india;s household are involved in stocks but every one works and is worried about taxation and legal issues.
Warren Buffet made big money by buying H&R Block a firm that prepared tax returns and this is USA's largets and most popular personal finance site. Belongs to a spin off from American express.
javascript:ol%28http://www.ameriprise.com/amp/default.asp%29; - http://www.ameriprise.com/amp/default.asp
Once you go through this website you would understand how big this could become. And the company says that the initial response has been phenomenal.Right now it is "free" but it can be monetizied at any stage.
------------- '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 |
Posted By: prashantmohta
Date Posted: 12/Sep/2006 at 10:53am
|
tv 18 has announced that all its channela and portals will be under one umbrella brand called cnbc universe.there is a good news for shareholders in this co.awaaz has a market share of 38 % in business news and while cnbc tv18 has 33%,ndtvs profit has 19%.ceo of tv 18 m.r .chawla has intelligently tapped the hindi market. The company is also launching its personal finance portal moneycontrol in hindi.
------------- |
Posted By: basant
Date Posted: 12/Sep/2006 at 11:08am
|
Mr. Raghav Bhel relinquishing TV 18 shares, 10% of his personal holding, to TV 18 and has done something similar of 200,000 shares to TV 18 FIN. Is he doing this for free ? so that the same shares could be privately placed and the company could get additional money for expansion wihout increasing equity ? If this is true it speaks volumes for his Integrity and the confidence he has in the future prospects of his company.
Yes, Raghav is giving away 10% of his personal holding for free.
Haresh Chawla(CEO) expects the internet business to be 50% of the broadcasting business in 2010. The Indian broadband market will expand 15 times in 5 years. This year Tv 18 should do Rs 60 crores in Internet revenues. Many new properties are lined up like yatra,cricketnext,compareindis etc etc Total revenues should be at least Rs 800 crores from the internet venture in 2010.
This could be looked at from another angle we could work out the revenues from the boradcasting business which would be approximately Rs 200 crores for this year. in 4 years it should grow at at least 40%-50% giving it a revenue of Rs 800 crores in Fy 10. Since Haresh says that internet will contribute 50% of total revenues it works out to Rs 800 crores.
Internet has huge operating leverage. increase in revenues contribute directly to the bottom line as the majority of costs are fixed. So the profits would grow at a higher pace.
If we assume a 10 times market cap to sales for the internet business (it would still be cheaper on PE basis because of its high margfins) the market cap from the internet venture should be Rs 7500 crs - Rs 8000 crs.
Tv 18 has 2 crore shares outstanding right now.
That gives it a price of Rs 3750 - Rs 4000 for the internet business. ------------- '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 |
Posted By: omshivaya
Date Posted: 13/Sep/2006 at 1:06pm
|
"That gives it a price of Rs 4750 - Rs 4000." - For the internet business alone or in totality for TV18? Earlier I think you had mentioned "for the internet business alone". Just confirming.
Thanks Basant jee! ------------- 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 |
Posted By: basant
Date Posted: 13/Sep/2006 at 1:50pm
|
That should be Rs 3750 - Rs 4000 per share for the internet business.For the moment we will take it as indicative only since it is not possible to make point to point projections but considering and believing the management (I have seen them deliver before) the stock does hold good potential. ------------- '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 |
Posted By: Equity Buff
Date Posted: 13/Sep/2006 at 4:21pm
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Dear Basant, Thanks for the clear explanation. Now it is very clear. The stock does hold some serious potential.
Rgds
Equity Buff
|
Posted By: b_kothari2001
Date Posted: 14/Sep/2006 at 1:11am
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Hi, I can see TV18 increses equity capital in regular basis. Mar-03: 11.6 Cr Is this not a point of concern. Regards, |
Posted By: basant
Date Posted: 14/Sep/2006 at 8:03am
|
Good point. But if that increase in capital does not lead to a decrease in RoE (indicates whether capital is being used efficiently or not) I would take it on. Normally as a compnay raises capital the http://www.theequitydesk.com/forum/forum_posts.asp?TID=119 - RoE falls then it becomes disturbing . Also if you see the other media companies TV 18 is not overcapitalized.
1 http://www.theequitydesk.com/forum/forum_posts.asp?TID=95 - NDTV 6 crore shares @ Rs 4 each
2 http://www.theequitydesk.com/forum/forum_posts.asp?TID=95 - TV Today 5.8 crore shares
3 http://www.theequitydesk.com/forum/forum_posts.asp?TID=29 - TV 18 2 crore share shares which will go up to 2.6 crore shares after the restructuring.
SO they are still operating with a relatively lower capital base when viewed with the others in their peer groups.
There is a very simple theory in finance that a company cannot grow at more then (RoE - Dividend pay out ratio) if they wish to grow at more then these rates then further capital / debt will have to be raised. I normally look at whether this additional capital is http://www.theequitydesk.com/forum/forum_posts.asp?TID=119 - disturbing the RoE or not.Even in the group it compares favourably to the others on Mkt Cap/Sales basis meaning no dilution in quality of earnings are being reported.
Generally all growth companies have a (bad) tendency of diluting capital.
------------- '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 |
Posted By: prashantmohta
Date Posted: 15/Sep/2006 at 11:19pm
|
TV18 has bought another internet website http://www.tech2.com/ - www.tech2.com . The news is not yet out but one can make out by visiting the site. This information is source based.The company is slowly becoming the king of the internet in India.
|
Posted By: kulman
Date Posted: 19/Sep/2006 at 10:23pm
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 19/Sep/2006 at 11:04pm
|
In 2000 Tv 18 was like a Balaji making programmes for CNBC Asia and selling it at 33.33% profit. Internet business had no profits and sales in 2000 whereas it would contribute to 20% of Tv 18's revenues in the current year and about 50% in 2010. As long as revenues are there we need not worry about what happened in 2000. That time the emperor had no clothes but this prince is fully dressed.
Yahoo has been losing market share in the search business to goolge and we may face the same thing in India but not before 2012- 2014. Till then the whole industry could grow at more then 100% per anum. ------------- '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 |
Posted By: omshivaya
Date Posted: 21/Sep/2006 at 2:53am
|
Internet business has huge potential. It requires very little input costs and the return is manifolds. If TV18 get into Internet Gaming in the future, that would be a great revenue earner in itself. People all over the world are increasingly losing their social life and logging onto the internet. Internet has become like a "best friend" to many. India has vast potential on the internet. Urban population use internet for online purchases(still a small population) whereas the rural population does not have a "trigger" to log onto the internet. If internet can be propagated in a way which makes the "rural" people spend some amount of money online to avail of some service or purchase a product, then India's population is 1 billion and think what can be achieved even if a small population of this rural demography is tapped.
Apart from that Indian middle-class population is gonna surpass US' whole population soon as everyone must be knowing. And the social structure of this middle-class population is changing from "joint-family" to "nuclear families". So, these people will use internet more and more: for dating, gaming, making money, purchasing products etc.
It is a pity that E-bay opened up shop in India, by buying bazee, else moneycontrol would have a solid chance of entering this arena. "Why go to a mall(except sometimes) when you can buy something online?" and enjoy a movie or sleep at home. Internet becomes an addicition once you get the hang of it.
Even now, TV18 can foray into this area and try building a model like bazee and provide better incentives than bazee. I think with TV18's channels and internet properties, an online auction site can be very well advertised and hordes of money can come from it. Think about it? A small Indian e-bay?
In case of internet, the earlier mover advantage is there, but not to that extent as in the physical world. Small players can come in and really destroy and old, established company in services, internet, software businesses, most notably in internet. Internet requires not much inputs and to create a new business, all one needs is a good marketing team, a website and good search-engine placements and ads over internet. Since TV18 is already present in the ad world, both online and in the physical world thru its channels, it has an enormous opportunity here.
Any business that can be done on the internet, can be done by TV18 effectively and all it needs is a few good people from the area of that business and leverage its own booming internet properties as well as TV channels to advertise the business. The ad costs etc. are minimal since TV18 owns all its ad networks. No one gets these kinds of advantages. If Mr. Bahl doesn't capitalize on this advantage that he has got, then I would just feel sorry for him, as he didn't turn TV18 into something that could have been.
Best part is, TV18 is here in India and not in USA, and TV18 is here at a time when India has just started its journey to become a world power and TV18 has a potential domestic audience of 300-600 million people. The time to get into much more diverse and lucrative internet-related business and extract the best out of it is NOW. So he should not limit himself to 2010-11. He should think of taking TV18 into the next decade and think of getting into any and all businesses which have a high growth potential on the internet.
Unfortunately, if you see NDTV and NDTV Profit's internet ventures, their website is pretty unprofessional(my personal feeling) and that is where TV18 scores for me. ------------- 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 |
Posted By: investor
Date Posted: 25/Sep/2006 at 12:48pm
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Basant, moneycontrol.com is still a free site for users, and ad revenue is not much. They have started poweryourtrade.com which charges ofr trading tips, im not sure of how much money they are making from it though. As for the other sites which they acquired like cricketnext and jobstreet, i honsetly dont think they are making any money from it. So we should be very cautious about using this as a value add-on for TV18, after all, we dont want to make the same mistake as the whole world did in 2001!!  |
Posted By: basant
Date Posted: 25/Sep/2006 at 6:38pm
|
Moneycontrol is not about eyeballs. Internet companies have two sources of revenue 1) SUbscription and 2) Advertisement. Moneycontrol is right now working only on the advertisement part they are aggressively getting a lot of other revenue streams online.
When ever you are at moneycontrol try and calculate the number of ads you see on a page. They get paid for each insertion whether you click on it or not.
------------- '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 |
Posted By: BubbleVision
Date Posted: 25/Sep/2006 at 6:54pm
|
I guess now we need google adds on the sidebars (along with up and down) at theequitydesk.com also.
MC is horriable as they have Adds from various words in the text also, which makes reading anything close to impossiable. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: basant
Date Posted: 25/Sep/2006 at 7:41pm
|
Hey we could do that but that will destroy the structure and it becomes difficult to be be on a site where there are too many advertisements floating around every where.
But moneycontrol is a monopoly and has a 90% market share in all ads made on financial websites in India. The CNBC channel gives them excellent coverage and they are leveraging it to the fullest. ------------- '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 |
Posted By: BubbleVision
Date Posted: 25/Sep/2006 at 8:12pm
|
Ya Agreed with you. Too much sugar spoils the milk. MC use the channel now for other portals as well....i guess walletwatch (of sify) has failed, however NDTV and Timesnow are potential compeditors. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: basant
Date Posted: 25/Sep/2006 at 8:23pm
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walletwatch (of sify) has failed
___________________________________________________________
Because they had to spend high on recall here with CNBC that is not a problem and content is free (mostly from the channel). ------------- '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 |
Posted By: omshivaya
Date Posted: 25/Sep/2006 at 2:21am
|
I was wondering!
TV18 is pretty popular with the experts and masses alike. Still TV18 has not budged much past few days, in reference to the sensex. Wonder what could be a reason?
What is the current EPS(TTM) Basant jee and what is expected EPS for FY07(any revisions to previous figures)?
Wondering what is cooking here or what could we be missing since the momentum has been lacking on this one for some weeks now though sensex has had continous momentum ? Any individual theories people  ------------- 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 |
Posted By: basant
Date Posted: 25/Sep/2006 at 9:23am
|
TV 18 trades at a PE of 20 times to In Fy 07. No theories as far as I know. Maybe market is waiting for the announcement of dates for the de-merger of the companies and also for the GBN -IPO - That is all I can guess! ------------- '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 |
Posted By: investor
Date Posted: 25/Sep/2006 at 11:39am
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Actually, more than 65% of the ads on MC are Google-ads and Google-ads work only when they are clicked upon - meaning MC gets paid only if they are clicked on. I hope you are familiar with clicking scam for which google and yahoo are facing legal action in U.S. (people were hired to just blindly click on the ads) - Its described in detail in the book "The Google Story", great book, i would recommed it to anyone. |
Posted By: basant
Date Posted: 25/Sep/2006 at 11:47am
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Im have read the google book - great story there but there is also a site targetting system where there is money to be paid on insertion only. Google has this method working right now. And Google
ads do not make 60% of ads at moneycontrol.
Also instead of that if you see the numbers from the internet venture that tells us that the internet ventures at TV 18 is growing at 500% - 600% y-o-y. ------------- '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 |
Posted By: investor
Date Posted: 26/Sep/2006 at 12:48pm
|
why dont they make moneycontrol a pay site? they can offer value added services to their portfolio tracker and im sure most of the users will agree to pay, after all, we get so much information about news of the companies in which we are invested/interested in it... i've always wondered what is stopping them from going pay? |
Posted By: basant
Date Posted: 26/Sep/2006 at 1:07pm
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Presently they are building a brand and that seems done to me. The problem with growing pay is that you lose some traffic becausa may be all audiance would not like to convert. Losing some audiance will impact ad revenues. M/C gets over 12 crore hits per month with 3.5 million unique subscribers. Even if they charge Rs 10 per month and expect a 50% conversion the EPS should rise by Rs 10 per share!!! This is a huge property and could be unlocked any time in future. Having paid subscribers would be a trremendous boast. Once CAS/DTH is implemented and CNBC they could have to take moneycontrol pay. You cannot have a free (internet) and pay service (TV) for the same product! But irrespective of that internet will be a big kicker to Tv 18 in the next couple of years.
This is where people go to at moneycontrol:
Source:ALexa ------------- '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 |
Posted By: omshivaya
Date Posted: 26/Sep/2006 at 2:32pm
|
All right Basantjee thanks. Also, making MMB paid will take away a lot of its traffic if the sections like "stock messages" are also made paid. Places like "Ask an expert" MAY BE thought to be made into paid. If TV18 comes up with an online version of a "magazine where experts give their views on the stock market for next year or so", that may also get some subscribers. But that is it! Rest has to be kept free for new people to come in and give MMB a try! And Basant jee, 50% conversion ratio if MMB is made PAID, in my opinion is TOO HIGH! ------------- 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 |
Posted By: basant
Date Posted: 26/Sep/2006 at 3:08pm
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You could be rght but Rs 10 per month should not affect the conversion rate by more then that - How much do we spend to get to our depository office and come back if we are not trading online? It's all in the mind but I would not like to see MC go pay before 2009. ------------- '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 |
Posted By: omshivaya
Date Posted: 26/Sep/2006 at 8:50pm
|
Basant jee, I agree. But people need to see value when they pay. "Ask an Expert" is value sure. But for posting messages and sharing thoughts, I dot know how many will pay. The most important factor however I feel is the "culture of online payments". I think India still doesnt have that kind of broad culture of making payments online for services. If you have any stats, maybe we can get a better perspective. ------------- 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 |
Posted By: basant
Date Posted: 26/Sep/2006 at 8:53pm
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posting messages and sharing thoughts -
_______________________________________________________
Only 2% of the population at Mc does that.See my above post.
I am not in favour os subs revenue asit tends to bring down the audiance ------------- '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 |
Posted By: vivekkumar_in
Date Posted: 26/Sep/2006 at 9:54pm
|
I Beg to differ on BubbleVisions Views that MC is horrible with ads and stuff and is not very user friendly.. I have been user of Money Control for long and MC has become better than where it was 6 months ago... The online Portfolio management it offers is excellant.. I have used sevaral; other online portfolio management like icicidirect, bseindia, ndtvprofit, equitymaster and I find MC to be the best of the lot.. ------------- Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies. P Lynch |
Posted By: basant
Date Posted: 26/Sep/2006 at 10:03pm
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I have used sevaral; other online portfolio management like icicidirect, bseindia, ndtvprofit, equitymaster and I find MC to be the best of the lot..
___________________________________________________________
Thanks, as shareholders I could only feel happy!Probably Bubble vision was talking about the ads that interfere with viewing clarity. ------------- '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 |
Posted By: omshivaya
Date Posted: 26/Sep/2006 at 11:02pm
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Yes saw that Basant jee! Thank you. However, I feel making online payments is stil lin its infancy in India. With growing broadband penetration in India, I hope this improves. ------------- 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 |
Posted By: omshivaya
Date Posted: 26/Sep/2006 at 11:03pm
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And yes, Portfolio management of MC is darn good. The ads though prick you sometimes as they distub the viewablity of the topics, but thats not too big a deal! ------------- 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 |
Posted By: basant
Date Posted: 27/Sep/2006 at 3:29pm
|
Tv 18 should be demerging the business and listing Network 18 by next month - They are waiting for the final High Court order which is expected any time. ------------- '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 |
Posted By: omshivaya
Date Posted: 27/Sep/2006 at 3:38pm
Thanks for that info. Basant jee. Here goes my deployment of 8%  ------------- 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 |
Posted By: basant
Date Posted: 27/Sep/2006 at 11:24pm
|
I found an interesting link to the management at Tv 18:
http://www.tv18online.com/people.html#rajdeep - http://www.tv18online.com/people.html#rajdeep
------------- '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 |
Posted By: omshivaya
Date Posted: 27/Sep/2006 at 3:08am
|
Well, I had read that page too. All the profiles. What did you find interesting in that? Curious to know. Thanks ------------- 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 |
Posted By: vivekkumar_in
Date Posted: 27/Sep/2006 at 3:50am
|
Basanji, For a moment putting the Internet valuations aside... How much do you think TV18 by itself & other shortly demerged business through its other core revenue growth would be by 2010 ? Say, will it be a 5 bagger by itself from where it is now(approx 600) ? and by itself will it do better than TV Today , Zee, NDTV or Balaji ? I would want to treat the internet valuations as a additional kicker ..... Thanks !  ------------- Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies. P Lynch |
Posted By: basant
Date Posted: 27/Sep/2006 at 10:07am
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I would repeat briefly what I had written earlier:
1) The present revenue of TV 18 is derived from only the english business news challe and its internet ventures
2) That means the channels awaaz, IBL Live, IBN 7 (50%) are yet to contribute anything to the top line and bottomline.
3) CNBC TV 18 has hit its sweet spot and would grow at 20% pa only.
4) Awaaz has become bigger then CNBC Tv 18 in terms of viewerbase and the managment says it would finally be 2.5 - 3 times of the english channel.
5) I would think that without the internet ventures EPS for the group would grow at between 35% - 40% till 2010 (mostly aided by the inclusion of newer properties like awaaz; IBN; IBN 7 etc.There will be some equity dilution at the time of consolidation and therefore we would focus on EPS growth.
6) The implementation of CAS should increase declared viewership base by 5 times so subscription revenues could grow multifold after the initial 6-12 months of price freeze.
http://www.theequitydesk.com/forum/forum_posts.asp?TID=95 - TV Today and NDTV we have been discussing at another topic in detail. You may want to have a look and also contribute there. But I would prefer an NDTV as the next best choice in electronic media. SUn seems streched and Zee inspite of beiung the best play suffers from non - transparent management.
------------- '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 |
Posted By: omshivaya
Date Posted: 28/Sep/2006 at 1:09pm
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Just read a notice on TV18 on MC:
Television Eighteen India Ltd. has informed the Exchange that Mr. R. D. S. Bawa, C.F.O and Mr. Anil Srivastava, Company Secretary of the Company has informed the company that they have sold 1,00,000 shares and 25,000 shares of the company respectively over the last four days in the open market.
Any idea what's going on? Or just regular stuff! ------------- 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 |
Posted By: basant
Date Posted: 28/Sep/2006 at 1:44pm
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They must have sold some of their stock options which unless liquidated expires worthless. Regular process. ------------- '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 |
Posted By: omshivaya
Date Posted: 28/Sep/2006 at 2:08pm
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Ok. It only got my attention, bcoz the amount was 100,000 shares. But the message says they sold the shares in the OPEN MARKET. Thats quite a number and hence my curiosity. Thanks for the info. Basant jee! ------------- 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 |
Posted By: investor
Date Posted: 29/Sep/2006 at 3:40pm
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how come http://www.tv18online.com/people.html#rajdeep - http://www.tv18online.com/people.html does not have any profile on Mithali Mukherjee or Ayesha Faridi ??  I am very disappointed!!!  as a shareholder, maybe you should request them to upload information which is more in demand from viewers like us
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Posted By: basant
Date Posted: 29/Sep/2006 at 3:45pm
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Hi. you need information or the photos also?Would help me take up the matter with Haresh! ------------- '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 |
Posted By: basant
Date Posted: 03/Oct/2006 at 8:09pm
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I had a talk at the Tv 18 secretarial department and was informed that the company has received the copy of the High court order for demerger and it has been filed with the ROC . SHould be done in about 30 days ; ------------- '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 |
Posted By: shahji
Date Posted: 04/Oct/2006 at 2:01pm
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Basantji Can we make fresh investment in TV18? ------------- A investor who wants to grow. |
Posted By: basant
Date Posted: 04/Oct/2006 at 3:10pm
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I think that this is the best Media stock available right now. YOu may invest but this stock tends to fall very fast with the market and that should be an opportunity to buy more - with that perspective you may invest now. ------------- '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 |
Posted By: reema
Date Posted: 04/Oct/2006 at 9:04pm
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From last 2 days I have been seeing the Cnbc universe advertisement on the Cnbc tv18 channel. Are they preparing for the new set up (demerger)? ------------- You should try to add wealth not multiply it |
Posted By: investor
Date Posted: 04/Oct/2006 at 10:25am
obviously photos would also help!
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Posted By: investor
Date Posted: 04/Oct/2006 at 10:27am
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i was really amazed to see the profile of Senthil Chengalarayan...i never knew he was so senior and had such a prolific educational background. He is another of their anchors who does his role very well...very suttle.
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