mounteverest minerals
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=584
Printed Date: 20/Apr/2025 at 11:19am
Topic: mounteverest minerals
Posted By: tyler_durden
Subject: mounteverest minerals
Date Posted: 15/Nov/2006 at 12:00pm
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the company is in mineral water business. comes under the name himalayan.
their clientele includes big 5 star hotels, airlines, banks and embassies. with growing hotel business , increasing air travel the demand of mineral water will increase proportinately. so according to me its a value buy. cmp 77 |
Replies:
Posted By: basant
Date Posted: 15/Nov/2006 at 12:12pm
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Yes, but buy this stock only when you are sure that it will be sold out in an open offer because that is the only thing that can makle it move. To me that looks like a bit difficult to predict the open offer can happen next week or next year who knows?
These companies have been around for more then a dozen years and it is very seldom that companies that do nothing for 12 years would suddenly start to contribute. These stocks have little or no EPS so the moment the market falls by say 2000 points they will be the first to tank and then the whole point is about the water resource that it holds. Read some where that this is valuable but unless the management actually sells it to someone it would be difficult to create wealth and if it is sold as was reported on CNBC last week then money could be doubled. A high risk high return stock and more suitable for people who can play the waiting game.
------------- '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: tyler_durden
Date Posted: 15/Nov/2006 at 12:20pm
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Some people at a leading brokerage house have given hints to add this stock and holding it for 2-3 months. generally they give trading tips but here its a hold according to them.
i think something is cooking. can we check whether its real or just fake? |
Posted By: kulman
Date Posted: 15/Nov/2006 at 12:21pm
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Reetesh jee calls this some chorus analogy, right?
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: reetesh
Date Posted: 15/Nov/2006 at 12:53pm
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Oo yes, but it is not there yet, but will sooner,they are working on it. Why not a song from you? We will all sing together.. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: vivekkumar_in
Date Posted: 15/Nov/2006 at 6:32pm
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I would'nt call it a value buy. Company by itself has not shown any profitablility in past..
Mount everest is only moving on news of possible buyout.. No doubt that their water is a valuable resource..
But during the last Jul the stock tanked from 70 to 30s.. So my question is if somebody wants to buy the company.. They could as well wait for a market correction and use up that oppurtunity to accumulate from the market..
The owners themselves hold only approx 23 % holdings in company..
------------- 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: 15/Nov/2006 at 6:44pm
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So my question is if somebody wants to buy the company.. They could as well wait for a market correction and use up that oppurtunity to accumulate from the market..
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This seems to be very interesting more often then not while the actual story pans out over a period of time the opportunity loss is tremendous. I know of several investors who have held onto SOuth Indian Bank and Federal Bank for several years in the hope that it would be sold out. Had they kept ICICI or HDFC bank they would have made the same money irrespective of a sell out. These companies according to me are like lottery tickets if you buy today and an open offer comes next week then nothing like it but the pain of holding is deeper then the probability of winning
 . ------------- '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: 15/Nov/2006 at 9:13pm
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Amen to that Basantji !
------------- 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: India_Bull
Date Posted: 01/Dec/2006 at 5:32am
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The stk is holding nice and is on the verge of breakout (One of my TAU friend tells me.. ------------- India_Bull forever Bull ! www.kapilcomedynights.com |
Posted By: tyler_durden
Date Posted: 04/Jul/2007 at 11:54am
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Mt Everest story is now over. Have a look at a micro cap company which is also related to water. EPC Industrie Ltd BSE Code 523754 in which Schroder Credit Renaissance Fund Ltd has invested an amount of Rs. 40 crores; Rs. 22 crores in the form of Equity at Rs. 49/- per share on 22.1.2007 (when the ruling market price was Rs. 26/- per share) and balance Rs. 18 crores in the form of debt. Schroder invests globally on a value basis in deeply discounted corporate debt obligations – both distressed and performing – in order to profit from market inefficiencies and different credit cycles. EPC is into manufacture of irrigation products, viz., drip irrigation systems, sprinkler irrigation systems, etc. Its product line is similar to that of Jain Irrigation. Remember, Jain Irrigation was also quoted at very low levels around five years back.
There was an article on this which was published in Business India dated July 1, 2007 on Page 16. The article is - With fresh overseas funding flowing into the BSE listed EPC Industries Limited (EPCIL), the company has got a new lease of life and is out of the BIFR. The US-based Schroder Credit Renaissance fund has decided to chip in close to Rs. 40 crore. It will be investing Rs. 22 crore by way of equity and Rs. 18 crore by way of debt in the form of optionally convertible debentures. The equity is being brought in at a price of Rs. 49/- per share (current market price: Rs. 35). With this, the Indian Promoter, K.L. Khanna’s holding will be reduced to 29 per cent while the overseas investor’s hold will go to 47 per cent. However, the overseas investor is strictly financial and will eventually exit via market route and not have any control over the management of the company. According to a source, the present market scenario is such that there are some mega projects of APMIP (Andhra Pradesh Micro Irrigation Project) of Rs. 2,500/- crore and GGRCL (Gujarat Green Revolution Company Limited) Rs. 3,250 crore in Gujarat. Other states are also coming up with such mega projects. And EPCIL is one of the selected contractors for these projects. ------------- If you aren't fired with enthusiasm, you will be fired with enthusiasm. |