Compact Disc India Ltd
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=908
Printed Date: 18/Apr/2025 at 10:57am
Topic: Compact Disc India Ltd
Posted By: PKB2000
Subject: Compact Disc India Ltd
Date Posted: 23/May/2007 at 9:15am
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I am following this penny script since 23rd August 2005 purchased @ 9.40 and CMP is 18.40. The other stock that I have possession at CMP below INR 100 in my portfolio is TERA software. The line of business of compact disk is CDs and entertainment and a family run business. I believe that the line of business do not require very high capital but the product line like CDs, animation etc is interesting. The articles published in The Business line in 2005 and thereafter its declaration in BSEindia.com (by the company) excited me. They have also connections in terms of production and manufacturing in Singapore and USA. This is a penny stock but what I find that the stock prices did not behave abnormally and went too fast in any point of time. Especially the year 2005 can be notoriously classified as penny boom market. Definitely there is a wide gap between 52 week high and low prices but I find that on an yearly basis since 2005 the 52 week high range has increased. The operating margin of the company has increased in three quarters of financial year 2006 –2007. The main disadvantage is to track the latest result of the company in quarterly basis and I do not know the basic things like EPS,mangaement etc about this company. If any one in this forum do have certain ideas about this company then that will be more interesting and helpful to read as I have the exposure in this stock.------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Replies:
Posted By: basant
Date Posted: 23/May/2007 at 9:45am
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Is this in the same space as Moser Baer? ------------- '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: 23/May/2007 at 10:10am
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With equity Capital remaining constant, the non-promoter holding went up from 33.04 to 70.78 from 2003-2004 to 2004-2005.....non-prmoter holding for 2005-2006 not provided......for some strange reason they dont provide EPS for the quarterly results.
Dada, try http://www.microsec.in/home.asp - http://www.microsec.in/home.asp http://www.microsec.in - for more and detailed information on this company.
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Posted By: PKB2000
Date Posted: 24/May/2007 at 1:02pm
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I think they are in a part of business line of Moser Baer also. The HDFC security talks of the following
"Compact Disc India Ltd (CDIL) incorporated on 7th May 1992 as a public limited company with the main objective of setting up a 100% EOU plant for manufacturing compact discs. The company commenced its business activities on 8th May 1992. CDIL has been promoted by Suresh Kumar, Rashmee Seengal and Santosh Grover.
CDIL came out with a public issue of 67.5 lac shares at par in February 1993 to part finance its 100% export-oriented high-tech electronics unit to manufacture compact discs (Capacity of 4.2 million per annum). It will manufacture both standard (120 mm) and single version (80 mm) discs. It has entered into technical collaboration with Netstal/First Light Technology, US. First Light Company will participate in equity to the extent of Rs 150 lac. The project of Rs 11.75 cr is located at Gurgaon, Haryana. Compact discs are used for storing and reading digital sound, ie, music. This technology has virtually revolutionalised the recorded-music industry. In May '92, the company entered into an MoU with Delta Disc, UK, for the export of 3.5 mln or a minimum of 75% of annual production for a period of five years. CDL has set up an assembly unit at Navi Mumbai in collaboration with Hyundai Corp, Korea, to manufacture CD video players. It has successfully recorded Hindi film songs on a computer floppy disk which can be heard on any PC. A new modern multimedia studio was set up with cutting edge technologies at Gurgaon. A web site with complete credit information on the Indian corporate world with the name www.loandefaulters.com was launched during 2000-2001.The company has drawn up its plans to set-up a most modern plant for production of various formats of DVD at an estimated capital outlay of Rs.12 crores,the plant is expected to be operationalised in the current financial year. CDL International Ltd.,London has assigned to CDIL a contract to produce two feature films on behalf of them, name of the films are Parallel Universe and Untitled Hindi Film (Production No.1). Parallel Universe is a 270 minutes of animation series presently under development with Flare Studios, Kuala Lumpur, Malaysia. The total contract value is USD 2.10 million. The Company has set-up a most modern animation studio. It has highly trained animators and qualified experts to handle the jobs. It provides solutions to the film industry, education, presentation and training. " Source: HDFC security
The following data base as I get from sources HDFC sec + MICROSEC
If anyone can interpret the above results in terms of the performance etc. then that will give more strength in this discussion ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: PKB2000
Date Posted: 10/Jun/2007 at 10:53am
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I find this one has moved upward interestingly since past few days and almost 25% gain (since 25th May)- it has reached a new 52 week high at 24.05 CMP ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: PKB2000
Date Posted: 12/Jun/2007 at 6:21pm
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For ready references the website for the company is
http://www.compactdisc.co.in/ - http://www.compactdisc.co.in/ ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: PKB2000
Date Posted: 14/Jun/2007 at 10:58pm
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The stock has come out from its Upper circuit limit today with an appreciation of more than 30% in past few days. Today it is not locked in lower circuit.
Is it the time to sell and book profit?
I am interested to collect more of it if it really comes down some more from its recent new 52 week high of 27.80. The stock gives us time to come out what I noticed in past days also. ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: basant
Date Posted: 20/Jun/2007 at 9:20am
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We should just carry the news! ------------- '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: xbox
Date Posted: 20/Jun/2007 at 9:33am
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Interesting company..... ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: PKB2000
Date Posted: 21/Jun/2007 at 12:14pm
Indeed , the share holding pattern of the company as I find from BSE is of interesting in nature especially the promoters holding part along with number of other peoples and corporates holding the same. It is distinctively different and looks like management run business compared to conventional family run business in India. Good or bad ( in regard to pattern of share holding)! I can not comment but the fact is that the stock price is very close to double of its price since the day of start of discussion and it is locked in upper circuit again ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: PKB2000
Date Posted: 27/Jun/2007 at 5:44pm
GOOD GOING
The stock is locked at upper circuit though opened in the morning for some period.
It is now more than double in a month and quoting at 39.10 ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: PKB2000
Date Posted: 09/Jul/2007 at 7:35pm
My impression on the last time I visited the website of the company and the recent one is different. It has improved in its aesthetics and focussed clearly on its core area of activities at least in its new modified attarctive and more informative website. No recommendation only carrying the news as it comes!
The following is taken from http://www.compactdisc.co.in/motion_pictures.html - http://www.compactdisc.co.in/motion_pictures.html http://www.compactdisk.co.in -
------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: PKB2000
Date Posted: 20/Jul/2007 at 1:54am
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Today is a good day for the share holders of this company.
The stock price has passed its first half century and quoting @ 50.21 ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: PKB2000
Date Posted: 01/Aug/2007 at 10:06pm
------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: vijinat
Date Posted: 01/Aug/2007 at 10:20pm
| thanks PKB2000. The data reiterates the opportunity available now to buy this script in a falling market. |
Posted By: basant
Date Posted: 01/Aug/2007 at 11:03pm
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Good operating margin expansion coupled with robust sales growth does make this one atractive. But any idea if this rate of growth is there to stay? ------------- '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: PKB2000
Date Posted: 01/Aug/2007 at 11:10pm
Basant saab
It seems the company is nowadays more organised. A group of people are working constructively for the betterment of the organisation.
The nature of business is a potentially a high growth oriented.
Let us observe and hope for the best. ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: PKB2000
Date Posted: 02/Aug/2007 at 11:34am
Have you bought it in between?
I see this again locked in upper circuit ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: PKB2000
Date Posted: 09/Aug/2007 at 5:13pm
Meanwhile we have seen some cheering ( ) volatility in stock market (probably today is the best). I was curious about what happenes to this script. It unlocked (from upper circuit). within a few munites I found it locked again! (the highest ever closed for this script) There are more valuation ---- ! ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: PKB2000
Date Posted: 13/Aug/2007 at 11:41am
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Compact Disc to set up India's first Integrated Animation Studio at KINFRA
Compact Disc India Ltd on August 09, 2007 has announced that it will set up India's first Integrated state-of-the-art Animation studio at the Kerala Industrial Infrastructure Development corporation (KINFRA). KINFRA is India's first SEZ developed exclusively for Animation & Gaming.
Source: http://www.bseindia.com - http://www.bseindia.com The Company will invest an initial capital of USD 12.40 million to set up an Animated Studio that will house the latest technology in Animation, from modern high end Workstations, Softwares, Render Servers, Central Storage, Motion Capture, Telecine, Editing and Compositing System, Colour Grading, Sound Recording & Dubbing Facilities, Projection Systems, Blue Screen Facilities, Pre-view Theatre etc will be installed at the Studio. This state-of-the-art studio will be the first ever in India, that will enable producers of Animation Films to avail the exclusive opportunity to completely produce their film at just one studio, rather than at different studios, which lack the requisite expertise and technology. Right from the story board to the Digital film format can be developed at the Company Studio. Commenting on the project, Mr. Suresh Kumar, Chairman, of the Company, said that "This is a significant milestone for the Indian Animation industry, as for the first time a state-of-the art Integrated Animation Studio will be set up In India that will host advanced high-tech amenities to facilitate CDI and other Animation film production houses to produce and develop their films at just one studio. In the first stage of production, we aim to develop three animation films in partnership with renowned International media agencies and with MNCs." Mr. Kumar further opined that "The KINFRA SEZ for Animation & Gaming, will give boost to this nascent industry through tax cuts, no duties levy on machinery, free exports etc, thus ensuring an additional profit of 8-10%, which is the need of the hour for the Animation Industry in India. We are indeed thankful to the Kerala Government for promoting Animation & Gaming in India, through this exclusive SEZ." The Animation Studio will be spread out over a space of 60,000 sq feet and will employ a talent of more than 300 people. Since the studio construction will commence by October 2007, the Company has requested KINFRA SEZ authorities to provide space on lease rental basis in their Incubation Centre to start operations immediately ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: PKB2000
Date Posted: 15/Aug/2007 at 10:01pm
------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: PKB2000
Date Posted: 08/Sep/2007 at 9:15pm
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With reference to earlier announcement dated May 23, 2007, Compact Disc India Ltd has clarified that Motion Pixel Corporation (MPC) is a media entity of Latin American Futbol Corporation, a Company focussing on football since its incorporation in the State of Florida, USA in 2000. MPC is not a subsidiary of Canyon Entertainment, Los Angeles.
The name of the animation film on Ronaldo has also been changed tentatively to SOCCER. The financial parameters of the project will remain unchanged. BSE anouncement ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: PKB2000
Date Posted: 16/Sep/2007 at 7:38pm
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It is less than four months we started the discussion and
It is now five times. In anyway it is my pleasure to find a stock to be five times in four months. Is there any chance some day some second-one may declare this one in his / her portfolio openly at least in a negligible percentage. What is going on in AGM? ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: vijinat
Date Posted: 16/Sep/2007 at 10:18pm
I admire that you have been meticulously following up Compact Disc. I am one of the beneficiaries of your recommendation. In my case its two bagger of course!
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Posted By: PKB2000
Date Posted: 16/Sep/2007 at 11:45pm
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Thats indeed a great news to me. Thank u very much. ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: PKB2000
Date Posted: 26/Sep/2007 at 5:24pm
Have you gone through the Annual report of the company in its website.
The overall representation and its attempt for future clarity seems to be interesting. Is not it? ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: PKB2000
Date Posted: 13/Oct/2007 at 2:43pm
------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: apprentice
Date Posted: 13/Oct/2007 at 8:16pm
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I think animation will be big in India....few years down the line...but I really dont have much idea abt the management of the company.... for reasons unknown to me ...the stock has been falling in this bull market & that sometimes give worries to me but hope they will post good result in this Quarter too...
Any idea what impact the right issue will have .....
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Posted By: PKB2000
Date Posted: 13/Oct/2007 at 8:34pm
It may not be a good approach to speculate on the right issues and warrants etc for me. (I do not have any insider information). But I definitely will feel good to see that the issues and warrants are dedicated mostly towards the management. If the company runs bettter in future- managment must attempt to held higher percentage of stake. ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: PKB2000
Date Posted: 29/Oct/2007 at 1:13am
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Unaudited financial result (Provisional) for the second qtr ended 30 th september is robust
Profit Net is 422.48 lacs Vs 186.72
EPS stands (for the qtr.) = Rs. 4.41
Details can be found in
http://www.compactdisc.co.in/PDFs/Quarterly_Results/2007/Quarter%20II%20%28July%20-%20September%202007%29.pdf - http://www.compactdisc.co.in/PDF's/Quarterly_Results/2007/Quarter%20II%20(July%20-%20September%202007).pdf
Pls refer the Company website if difficulty in opening the link ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: PKB2000
Date Posted: 04/Nov/2007 at 12:36pm
------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: pirate
Date Posted: 04/Nov/2007 at 10:09am
| indead a great news.soon this stock will be making new highs. |
Posted By: PKB2000
Date Posted: 06/Nov/2007 at 4:33pm
Nice to see the same moving up along with Diamond cable.
Thank you ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: pirate
Date Posted: 07/Nov/2007 at 9:07am
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Compact Disc India Ltd has informed the BSE that it has secured animation-outsourcing contract worth $19.80 million. This deal has been inked with a digital entertainment company called iMedia Ventures Ltd and CDI, to animate a sci-fi, cum thrill er film, titled '3000 BC'. Internationally acclaimed actors will be lending their voices for this animated movie.
'3000 BC', a science fiction cum thriller film, revolves around the journey of a traveller who travels from the ancient period i.e. 3000 BC to the modern era, 2052 AD. The film bridges the gap between an untraceable past of the glorious world to the unse en future. This unique animated film is an attempt to show the continuity between the world's history and its present. With the forging of this deal, CDI will make this 3D Animation film over a timeframe of 21 months, at their studio, which is being set up at the Kinfra SEZ, Trivandrum.
http://www.thehindubusinessline.com/blnus/02071802.htm - |
Posted By: PKB2000
Date Posted: 08/Nov/2007 at 1:35pm
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Thanks Pirate for posting the latest news on CDIL. The first mssg I read from Kolkata is your mssg on CDIL in TED.
Indeed its a good news especially an attempt to do the things in the own new studio. ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: apprentice
Date Posted: 07/Jan/2008 at 8:22pm
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http://www.moneycontrol.com/india/news/news/compact-disc-emerges-as-the-fastest-evolving’-asian-co/20/12/319922 - http://www.moneycontrol.com/india/news/news/compact-disc-emerges-as-the-fastest-evolving’-asian-co/20/12/319922
http://www.moneycontrol.com/india/stockpricequote/consumer-goods-electronic/compact-disc/12/37/CD04 - Compact Disc India Ltd (CDI) (BSE), India’s leading integrated media and Entertainment Company expects to achieve a sales turnover of Rs. 103.00 crores during 2007-08. Incorporated in 1992 Compact Disc India Ltd. (CDI) is one of the largest Animation Outsourcing Company in South Asia.
Financial Highlights FY 2006-07
· Sales revenues higher by 49% at Rs. 5029.09 lacs · Profit-After- http://www.moneycontrol.com/india/news/news/compact-disc-emerges-as-the-fastest-evolving’-asian-co/20/12/319922# - - Tax (PAT) increases by 515% to Rs. 817.63 lacs · Profit-Before-Tax (PBT) increases by 333.24% to Rs. 878.48 lacs · Earning per Share (EPS) higher at Rs. 8.54 as compared to Rs. 1.39 last year; higher by 514.38% (Annualized). · CDI continues to be the largest animation film outsourcing Company in South Asia. Highlights FY2007-08 (Second Quarter) ended 30th September, 2007 · Sales revenue higher by 94% at Rs.4153.38 lacs · Profit increased by 213.05%) to Rs.820.80 lacs · Profit Earning Per Share (EPS) higher at Rs. 8.57 as compared to Rs 2.73 last year,higher by 213.92%(Half yearly) Estimated http://www.moneycontrol.com/india/news/news/compact-disc-emerges-as-the-fastest-evolving’-asian-co/20/12/319922# -
cap of the company is just 83 crores. The company has been growing at over 100% annualy but still the PE is just 9. I guess the company deserves better valuations. Already a leader in its sector, company is expanding regularly as well as winning projects from time to time.
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Posted By: apprentice
Date Posted: 19/Feb/2008 at 1:52pm
Already the largest company in Animation space in South-east Asia, Compact Disc continues to win projects. Recently a PE fund, SAMARA CAPITAL, has invested $12.5 million. Given its growth it is highly undervalued. As it is a very small company, no mutual fund has exposure into it. Moreover, it is rarely tracked by any Brokerage house. However, recently HDFC securities covered this stock. No doubt it is a High Risk / High Reward stock but isnt it that we find multibaggers among these scripts only. In my opinion it is a potential multibagger in 3-4 years. I think many people at TED wont like to touch this stock, as it has very small market cap. But in my view, its small size only will give it enough room for maintaining that high growth rate. Also, as per estimates, animation space has huge potential in future. So what we have is, growing sector, huge growth rate, market leader, small size but expanding & a very undervalued company.
Comments from forum members are welcome !!!
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Posted By: apprentice
Date Posted: 03/Mar/2008 at 5:15pm
Another withdrawal in these turbulent times. The world certainly is not fair. How can investors back-off after commitment ? Hope they raise the money sooner than later, which already would be difficult in the face of the dismal global scenario.
However, gud news is the expected 2008-09 results released by the management looks gr8. Profits for FY 2008-09 seen at Rs 38.4 crores up about 90% from the FY 2007-08. They are likely to achieve this years target. FY 2008-09 EPS seen at Rs. 38 (without Equity Dilution)
Link: http://in.news.yahoo.com/reuters_ids_new/20080303/r_t_rtrs_bs_markets/tbs-compact-disc-sees-fy09-profit-at-384-e16deae.html - http://in.news.yahoo.com/reuters_ids_new/20080303/r_t_rtrs_bs_markets/tbs-compact-disc-sees-fy09-profit-at-384-e16deae.html
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Posted By: apprentice
Date Posted: 15/Mar/2008 at 9:10pm
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Great move by the company...moving to co-production is more profitable than just doing outsourcing work...my conviction in this company is growing stronger with time.
Compact Disc ropes in Gary Molen of Jurassic Park fame to produce movie
Animation biggie Compact Disc India has joined hands with Gary Molen of Jurassic Park and Schindler’s List fame to produce a movie titled Playing with the Enemy.
“We are pumping in $30 million for the project thereby making it the biggest movie ever produced by any Indian producer so far,” said Compact Disc India chairman Suresh Kumar. The movie is based on the World War II Drama. It’s a co-production with White Light Entertainment which has to its credit blockbusters like Jurassic Park and Schindler’s List. The movie revolves around a baseball player who finds redemption in teaching German Prisoners of War how to play baseball will start production in Canada in May. According to Mr Kumar, White Light Entertainment is the world’s largest and the most profitable studio. The production house has to its credit 19 Academy Awards and a total box office collection for the fourteen movies they have produced so far of over $ 4 billion confirmed Kumar. CDI is making animation films Soccer, a $20.15 million 90 minutes 3D animation starring soccer star Ronaldo, and Eternal Love - a $15.70 million love story revolving around Taj Mahal. The company is also planning to list on AIM market of the London Stock Exchange in April-May 2008. The company achieved a sales turnover of Rs 103 crore in the FY 07-08.
Source: http://economictimes.indiatimes.com/Compact_Disc_ropes_in_Gary_Molen_to_produce_movie/articleshow/2867307.cms - TheEconomicTimes.com
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Posted By: smartcat
Date Posted: 16/Apr/2008 at 1:27pm
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Equitymaster.com FY12 earnings estimates for Compact Disc India -
Net Revenues: Rs. 252 crores
Net Profit: Rs. 47 crores
EPS: Rs. 40
P/E (x): 2.0
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Posted By: apprentice
Date Posted: 16/Apr/2008 at 3:37pm
Looks too pessimistic. Dont know what is the basis of calculation. They have a number of outsourcing projects lined up which would ensure regular cash flow. Also, currently 2 movies are under co-production.
As per the management guidance for the year ending March 2009, they are expecting -
Net Revenues: Rs. 183 crores
Net Profit: Rs. 38.4 crores
EPS: Rs. 38 (without equity dilution)
Source: http://in.reuters.com/article/businessNews/idINIndia-32265920080303 - http://in.reuters.com/article/businessNews/idINIndia-32265920080303
For year ending March 2008, they are expected to post Net revenues of about Rs. 100 crores with EPS around Rs. 20.
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Posted By: apprentice
Date Posted: 23/Apr/2008 at 11:02pm
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Earnings Estimate(Management Guidance)
FY07-08 FY08-09 FY09-10 FY10-11
Revenues: 103 crore 183 crore 240 crore 315 crore Profit: 21.5 crore 38.4 crore 63.5 crore 82.5 crore EPS for FY07-08 is expected to be about Rs. 20.
Source: http://in.reuters.com/article/domesticNews/idINDEL7912620080422 - Reuters
The forecasts excludes earnings from its unit MediaOne Ventures Ltd., which is expected to list on AIM in May 2008.
This translates to approx 60% CAGR(average) for next three years which is good enough and should be more. They have indicated that this figure is with existing projects & this can increse if they receive any new projects. Growth in FY11 numbers are lower probably because of lack of visibility of projects in coming years.
Hope they are able to deliver on the lines of the guidance.
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Posted By: omshivaya
Date Posted: 10/Jun/2008 at 11:38pm
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To followers of CDisc:
1) When is Compact Disc presenting their annual results for FY08?
2.1) How is the dividend yield scenario in Compact Disc?
2.2) What is Compact Disc's Book value...latest one!! Or expected Book Value for FY08
3) Considering an EPS of Rs. 20 for FY08, why is Compact Disc trading at a measly PE of 3-4. What is a reasonable CAGR to be expected out of Compact Disc over next 3-5 years. Reasonable and not optimistic!!
4) How serious a player is Compact Disc in the gaming industry? And what are its plans for the gaming industry??!(if any) ------------- 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: gauravsinghal2
Date Posted: 28/Jul/2008 at 7:17pm
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http://www.valuenotes.com/forum/forum_posts.asp?TID=1202&PID=4398 - http://www.valuenotes.com/forum/forum_posts.asp?TID=1202&PID=4398
This will not give all the answers, but might help.
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Posted By: vijinat
Date Posted: 28/Jul/2008 at 10:13pm
Where is PKB2000, the right person to give the correct data and analysis on this subject?
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Posted By: gyansr
Date Posted: 28/Jul/2008 at 10:54pm
| could not locate the information about this company on NSE. What is the NSE symbol of this company? compacdisc is not giving me any info on NSE site. |
Posted By: PKB2000
Date Posted: 28/Jul/2008 at 12:03pm
Sir I can only hope like you, to achieve the targets. I think it is relatively easier for this kind of business FOR CDIL to set higher targets
I am eagerly waiting for the next anouncement of CDIL.
(Though personally I have increased my holding- humbly and politely crossing my fingers~!~~~) ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: gauravsinghal2
Date Posted: 28/Jul/2008 at 9:24am
This company is only listed at BSE. Moneycontrol also gives good amount of info.
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Posted By: PKB2000
Date Posted: 31/Jul/2008 at 11:09pm
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Compact is planning to produce Feature films That is latest announcement (30-July) and details official announcement wil be nade on next month in On 16th of July 2008 they announced not to opt out for live action film. Now they are planning for feature film. Does it mean they will be concentrating on animated films and not acted by human actors but at least 70 minutes long for distributing the films in theater? I am little confused Can anyone through some light on it?
------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: experteye
Date Posted: 01/Aug/2008 at 3:08pm
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Compact disc good stories in offing. It is a multibagger stock for long term investors. ------------- more risk,more profit but have a vision before taking risk,itis all about investment in equities market. |
Posted By: vijaygawde
Date Posted: 30/Aug/2008 at 5:14am
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http://economictimes.indiatimes.com/Stocks/HDFC_Securities_puts_buy_on_Compact_Disc_India/articleshow/3426851.cms - This stock seems to be attracting attention now....
Compact Disc India
Research: HDFC http://economictimes.indiatimes.com/Stocks/HDFC_Securities_puts_buy_on_Compact_Disc_India/articleshow/3426851.cms# - - Securities Rating: Buy CMP: Rs 76 We believe CDI is on a high growth trajectory and is gearing itself to tap the growing opportunities in the Indian animation industry. Tying up with some of the internationally renowned names of media industry, CDI is aggressively growing to create a name for itself. The withdrawal of two proposals i.e. the placement of shares as well as plan of AIM listing getting deferred had negatively impacted the stock price. But we believe that at current price the worst has been discounted and the stock can witness appreciation from the current levels. The stock is quoting a PE of 1.9 times its FY09 (E) earnings. Risk bearing http://economictimes.indiatimes.com/Stocks/HDFC_Securities_puts_buy_on_Compact_Disc_India/articleshow/3426851.cms# - - investors could take an exposure to the stock at the current price for the nearest target of Rs 93. However considering the past volatility in price, if the stock price moves below Rs 70, new investors could review their holding. ------------------------------------------------------------------------
Some Information from their website: (Their website does not have much information other than one PDF file containing following info)
COMPACT DISC INDIA LTD. http://www.compactdisc.co.in/ - http://www.compactdisc.co.in/
Compact Disc India Ltd. (CDI), the largest animation company of South Asia, is an existing, profit making, debt free company engaged in multimedia and entertainment production in India. CDI has gained extensive expertise in creation, distribution and management of contents for Media & Entertainment sector with its strong presence inIndia, Malaysia and Singapore. Presently CDI is India’s leading integrated media and entertainment company with prime focus on Animation Outsourcing and Production. CDI is currently working on assignments worth US$65.80 million (Rs.282 crore) in outsourcing division. With a phenomenal growth of over 493% in just 5 years, CDI is fast emerging as Asia’s undisputed leader in the animation film industry. Compact Disc India Ltd., the largest animation film company of South Asia has reported a 109 percent growth in its net profit for the first quarter ended June 30, 2008. The company recorded a net profit of Rs. 8.35 crore for the quarter, as against Rs. 3.98 crore in the corresponding quarter last year. Total income stood at Rs. 43.36 crore, as compared with Rs. 20.22 crore in the comparable quarter a year ago, reflecting a growth of 114 percent, Earnings per share (EPS) increased to Rs. 8.73. CDI benchmarks its creative, technology and production processes to delight the most discerning international clients from the world of entertainment. As a result CDI is widely recognized in the animation industry for excellent production quality and on-time deliveries. Compact Disc India Limited (CDI) has been promoted by qualified, experienced and widely travelled entrepreneurs, who hails from well connected and highly respectable business families having large means to their credit. Its present Management comprises of following persons: MANAGEMENT: Board of Directors
Mr. Suresh Kumar, Chairman & Working Director Ms. Santosh Grover, Director Mr. Vinod Kumar, Director Mrs. Rashmee Seengal, Director Mr. Suresh Kumar, an IT-BHU Graduate, MBA, Post Graduate Diploma in Export Management, has over two decades of varied experience to his credit which includes managing of industrial production, project consultancy, arranging foreign collaborations, joint ventures and equity participation.
Until 2003 CDI gained extensive expertise in creation, distribution and management of contents for Media & Entertainment sector. The product range covered all the segments of entertainment i.e. big screen (theatres), small screen (home videos & television) and personal screen (personal computers). CDI offered one stop service from concept to screen. Be it digital reality or digital fantasy, CDI was well placed where these could be realized. Major three segments covered under Compact Disc India Ltd. included Music, Movies and Television Serials. CDI produced and distributed music through Cassettes and CD’s. CDI financed, produced and distributed movies. CDI produced and distributed media content for various Satellite TV channels in India and abroad. In 2003, CDI decided to diversify and shift operations towards more remunerative areas of operation. Today CDI is the largest animation outsourcing company in South Asia. With a vision to ‘redefine entertainment’, CDI has pioneered the concept of animation outsourcing in India by producing animation films in both traditional and digital formats adhering to the most stringent and challenging quality norms. The year 2007-08 has been of accelerated growth and market leadership, and CDI is delighted to be leading the animation film outsourcing revolution in the country. The strong performance is a culmination of strategic initiatives taken by the company on several fronts notably in the areas of acquiring international projects, deepening of core competencies and creating associates world across to win the confidence of its prominent customers resulting in opportunities of significant size and criticality acclaimed recognition in the Hollywood industry. E OUTSOURCING MODEL - Benefits such as reduced costs and improved quality associated with outsourcing business process have facilitated in building confidence among global animation production houses to outsource their work. Their underlying expectations is that outsourcing processes will result in cost savings and operational efficiencies, coupled with access to very good talent in the low wage countries. Production houses in India are now outsourcing the pre-production and postproduction stage as well. CDI’s model involves outsourcing production work from the USA and European production houses on fixed payment contract basis, without sharing box office risks or Intellectual Property Rights. The major benefit in this model is a regular cash flow to the company. Few animation films outsourced projects are, Hustle Bustle, 3000 BC., Tomorrow Never Comes. Few animation films outsourced projects, on which the work is in progress are as below:
E OWN PRODUCTION/ CO-PRODUCTION MODEL - CDI has to move forward in animation industry by creating its own intellectual property (IP), instead of merely doing outsourced work. The company has decided to either produce themselves or co-produce animated films with leading USA and European production houses. If CDI owned the IP, the same can cash in on the collaterals by way of merchandising, the brand etc. as animation has a universal appeal with no shelf life. The potential is enormous. Animated films in west are examples of the kind of money and success linked to them. CDI is presently working on following two animation feature films.
Our upcoming project is a thrilling action story, to be directed and produced by Tommy Lee Jones. CDI is "close" to a deal to develop animated features based on the characters and titles of comic’s publishers Platinum Studios and Arcana Studios. FINANCIAL HIGHLIGHTS OF CDI - Highlights of FY 2007-08 E Sales Revenues higher by 104% at Rs.102.78 crore E Profit-After-Tax (PAT) increases by 138% to Rs.19.50 crore E Profit-Before-Tax (PBT) increases by 133% to Rs.20.50 crore E Earning per Share (EPS) higher at Rs.20.51 as compared to Rs.8.54 last year; higher by 140% (annualized). E CDI continues to be the largest animation film outsourcing company in South Asia. FINANCIAL HIGHLIGHTS OF CDI-1st Qtr of 2008-09 Sales Revenue higher by 114% at Rs. 43.36 crore Profit-After Tax (PAT) increases by 109% at Rs.8.35 crore Earnings Per Share (EPS) is Rs. 8.73 as compared to Rs. 4.16 during 1st Qtr of 2007-08 ESTIMATED FINANCIAL PROJECTIONS , FY 2008-09 E Sales Revenue Rs. 183.10 crore. E Profit After Tax Rs. 38.40 crore. This has been complemented by CDI’s successful execution of 3D animation projects, thus resulting in higher growth of key international accounts and strengthening our leadership position in the industry. The key financial indicators of CDI are as under: (Rs. in lac) S. No 2006-07 2007-08 Qtr. ended June 30, 2008 Total Revenues 5029.09 10278.04 4335.70 Total Expenditure 4130.33 8199.01 3499.75 Profit Before Depreciation 893.86 2079.03 836.50 Depreciation 15.38 12.81 - Profit before Tax 878.48 2066.22 835.40 Provision for Tax 60.85 115.92 - Net Profit 817.63 1950.30 835.40 Reserves excluding revaluation 999.67 2850.76 2850.76 Earning per Share, Rs. 8.4 20.51 8.73 CDI expects to achieve a sales turnover of Rs. 183.10 crore during 2008-09. iMEDIA VENTURES LIMITED (BUSINESS ASSOCIATES & INVESTORS) iMedia Ventures Limited, content developer to the world’s largest media houses and a pioneer in Digital Entertainment has been associated with Compact Disc India Limited for the last six years. iMedia Ventures has offered to invest US$ 10 million in the proposed expansion projects of CDI. iMedia Ventures already established its presence in 28 countries, has following financial features: E Company Type - Holding Company E Fiscal Year - End December E 2007 Net Revenue - (million) $265.14 E 2007 Operating Income - (million) $ 43.29 E 1 year Revenue Growth - 10.06% EXPANSION PLANS: CDI is now in the active stages of setting-up a state-of-art fully integrated Animation Studio in the Special Economic Zone at KINFRA Film and Video Park, Kazhakuttom, Thiruvananthapuram, Kerala. The project is being set-up at a cost of US$ 131.84 thousand (Rs. 56.69 crore). Besides CDI is simultaneously setting-up an Animation Development Studio at IT Park, Phase - I, Chandigarh for which prime land has already been allotted. The project is being set-up at a cost of Rs. 58.56 crore. August, 2008 =======================
I hope this is not another Teledata kind of company... Can anyone from south comment if they know more about them and actually came acrosss people/company.
------------- Diversification is protection against ignorance, it makes little sense for those who know what they’re doing. |
Posted By: kanagala
Date Posted: 31/Aug/2008 at 6:12pm
I guess it is a legit. Few brokerages cover this stock. No one covers Teledata. ------------- While one person hesitates because he feels inferior, the other is busy making mistakes and becoming superior. |
Posted By: PKB2000
Date Posted: 02/Sep/2008 at 8:12pm
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Is this company behaving childlike in taking decision. I personally will tolerate them till next AGM 29th September, I hopefully think them to perform more beautifully so that it can be a stock of buy in dips! else there are still a lot of good stocks in this market! ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: TCSer
Date Posted: 03/Sep/2008 at 9:44pm
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bOSS IF THE PROMOtER is of IIT/IIM back ground u need to take the co seriously.icing on the cake is tremendous growth prospects for this co.
other co with iit/iim background r educomp,moldtek,orchid,tanla etc
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Posted By: bassein
Date Posted: 03/Sep/2008 at 7:35am
Add IndiaBulls - ex-IIT promoters. |
Posted By: PKB2000
Date Posted: 03/Sep/2008 at 11:36am
I become nostalgic of my old days at Nehru halls = IIT KGP. Those PLATINUM days are -----! Thinking of those days I believe IITians ALSO know the best how to take care of THEMSELVES!!!! ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: gauravsinghal2
Date Posted: 30/Sep/2008 at 12:27pm
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http://businessofcinema.com/news.php?newsid=9642 - Compact Disc India to work on Tommy Lee Jones' action film
Compact Disc India (CDI) will be commencing a project revolving around a thrilling action story, to be directed and produced by Tommy Lee Jones.
As was first reported by Businessofcinema.com, CDI is also slated to close a deal to develop animated features based on the characters and titles of comic’s publishers Platinum Studios and Arcana Studios. ***************************************
iMedia Ventures Ltd, content developer to the world's largest media houses and a pioneer in digital entertainment has offered to invest $10 million the expansion projects of Compact Disc India Ltd (CDI). The company having presence in 28 countries has been associated with CDI for the last 6 years.
This debt has been offered at 2.5 percent per annum over LIBOR inclusive of withholding tax or other applicable taxes for a period upto 10 years. iMedia Ventures has also shown keen interest in buying 15 percent equity in CDI. Both the offers will be considered in the next meeting of the Board of Directors of the company to be held during the third week of October, 2008. Last year, iMedia Ventures and CDI had signed a $19.80 million contract to animate a sci-fi thriller film 3000 BC.
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Posted By: PKB2000
Date Posted: 02/Oct/2008 at 2:05pm
A leaflet (for private circulation only) is reached to me.
Something has come and wish to get more from the company in future also. All said and done I am not understanding the implications on share holders (less than 10 years) of the following special movement.
"-----CDI is pleased to anounce creation of share holders welfare Fund with initial capital of Rs. 50.00 Lac for granting interest free loan to those members who have been continuosly holding its shares at least for the past 10 years to meet their personal , medica and educational needs.---"
I welcome the decesion assuming that the fund will be used properly!!! ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: Vivek Sukhani
Date Posted: 02/Oct/2008 at 2:12pm
I back you on this.....
However, it should carry a nominal interest, so that the corpus grows.
But nonetheless, a very innovative idea, dont know whether its legal and how easy it is to implement. ------------- Jai Guru!!! |
Posted By: gcpradhan1
Date Posted: 02/Oct/2008 at 3:35pm
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Is there any other company which has such corpus for it's shareholders ?? ------------- Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years - Buffet |
Posted By: Vivek Sukhani
Date Posted: 02/Oct/2008 at 3:37pm
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None I know of.......
But it may be difficult to implement it, though....... ------------- Jai Guru!!! |
Posted By: subu76
Date Posted: 03/Oct/2008 at 2:39pm
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Well the news is public now
Compact Disc India to grant interest free loan to shareholders
http://businessofcinema.com/news.php?newsid=9715 - http://businessofcinema.com/news.php?newsid=9715
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Posted By: subu76
Date Posted: 03/Oct/2008 at 3:02pm
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Does anyone have a link for iMedia Ventures? Can't seem to find anything relevant on it (Except for the compact disc announcement)
It would be really great if some else could also try.
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Posted By: manojc
Date Posted: 08/Oct/2008 at 9:23pm
| Suresh Kumar Seengal, director of CDI has bought 95,227 shares of CDI at Rs 38.41. This comes to 1% of company's total shares. He must be seeing a much better pricing from i Media ventures. A good signal to invest at this level. |
Posted By: subu76
Date Posted: 10/Oct/2008 at 5:46pm
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Manojc could you please put a link for this?
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Posted By: manojc
Date Posted: 11/Oct/2008 at 1:47pm
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http://myiris.com/newsCentre/newsPopup.php?fileR=20081006203059200&dir=2008/10/06 - http://myiris.com/newsCentre/newsPopup.php?fileR=20081006203059200&dir=2008/10/06
Search for suresh kumar in this link.
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Posted By: manojc
Date Posted: 18/Oct/2008 at 2:38pm
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Suresh kumar is expecting imedia to pick up stake in compact disc at a price of 100 to 150, which is minimum 3 times higher than the current price.
http://www.businessofcinema.com/news.php?newsid=10408 - http://www.businessofcinema.com/news.php?newsid=10408 FY 2009 profit for the company will be 39 Crs. at the current market price the whole company can be bought at 33Crs. Also it is a debt free company and in the fast growing Animation sector. It is a proven company in this sector and future prospects seems to be very good considering chinese market also.
Only concern is in this recession time big production houses might reduce their spending on producing films. But this risk is very much discounted at this low price. I think the stock will see a good rally soon in this bear market condition itself.
http://www.businessofcinema.com/news.php?newsid=10408 -
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Posted By: PKB2000
Date Posted: 19/Oct/2008 at 4:44pm
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"Shares are trading with a forward PE of 0.5" is not it?
Bears are everywhere from Capital goodS to Animation
No one ready to give any premium to anyone. ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: manojc
Date Posted: 20/Oct/2008 at 1:44pm
| If iMedia is buying 15% at 100Rs/ share wouldn't it trigger an open offer at the same price? |
Posted By: subu76
Date Posted: 20/Oct/2008 at 7:56pm
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Maybe no one has heard about iMedia Ventures and offcourse bad sentiment. |
Posted By: manojc
Date Posted: 01/Nov/2008 at 5:39pm
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I had sent a mail to Compact Disc asking the details about iMedia ventures and the reply I received is as follows.
Dear Sir,
You will get the complete information in Company's next Newsletter (underprinting). Corporate Division Compact Disc India Limited We will have to wait till december end to get the next news letter :)
But before that iMedia might pick up the stake and the share price will fly.
It is now our call to invest or not .
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Posted By: manojc
Date Posted: 05/Nov/2008 at 5:50pm
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Compact Disc India Ltd has announced that the Board of Directors of the Company at its meeting held on November 05, 2008, inter alia, has approved and adopted to issue convertible warrants of Rs 10/- each at a price of Rs 100/- on preferential basis to non-promoters.
i) iMedia Ventures Ltd (an overseas Company) - 14,00,000 warrants ii) Pariscope Pictures Pvt. Ltd. (an Indian Company) - 14,00,000 warrants The total issue is of 28,00,000 warrants. Each Warrant will be convertible into one equity share of Rs 10/- each of the Company at a premium of Rs 90/- at the option of the warrant holders, at any time within a period of 18 months from the date of allotment of warrants. The price of warrant is based on relevant date i.e. November 05, 2008. |
Posted By: manojc
Date Posted: 05/Nov/2008 at 6:05pm
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Hi,
Can anyone tell me what is the benefit for the company by issuing warrants. In the above case Does the company raise any amount by issuing the warrant to these firms?
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Posted By: kumardiwesh
Date Posted: 05/Nov/2008 at 7:16pm
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By issuing warrants at Rs 100, the company will raise money for its expansion.
Whether warrants will be exercised or not is a different issue. ------------- "History does not tell you the probability of future financial things happening" - Warren Buffett |
Posted By: manojc
Date Posted: 05/Nov/2008 at 8:35pm
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Only if the party is interested (if the price is lower than the market price then)he will execute the warrant. The company is not earning anything if the party doesn't execute the warrant. why should any company do this? Or are they getting any cash at time of issuing warrants. It is a general doubt. Please clarify.
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Posted By: kumardiwesh
Date Posted: 05/Nov/2008 at 11:03pm
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Warrants come with an expiry date.
I don't know what the expiry date for CDI warrants is. This is one way for promoters to raise money. Hopefully markets will start looking up before warrants expire. ------------- "History does not tell you the probability of future financial things happening" - Warren Buffett |
Posted By: chillayil
Date Posted: 05/Nov/2008 at 7:34am
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Thanks for the clarification.Expiry date is 18 months from now.
The news says " Price of warrant is based on CDI's closing price yesterday". Sine the price at which the warrant can be coverted to shares is fixed as 100/= , what is this "price of warrant" means? how is it related to current market price?
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Posted By: praveen
Date Posted: 06/Nov/2008 at 2:54pm
Not necessarily. If its a genuine strategic investment then stock price generally doesn't matter. What matters is actual assets. Besides it may so happen that such large amount of shares can't be bought from the open market unless their is enough volumes in the counter.
They provide 10% of the notional as a option premium. i.e. If the party doesn't execute than 10% gets forfeited.
------------- The quest for knowledge is a never ending Journey |
Posted By: PKB2000
Date Posted: 18/Dec/2008 at 3:55pm
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CDIL ---- "Approved to subscribe minimum 50% in the equity of Laser Infomedia Ltd., a Company to set-up Gaming Development & Publishing project. 4. Approved the capital outlay of Rs 92.70 crore for Gaming Development & Publishing project. 5. Approved to set-up a Gaming Development & Publishing Studio in NCR, Delhi region.----------------------" http://www.bseindia.com/qresann/news.asp?newsid=%7b1573BFBA-EF91-4108-89D8-E638692CEB5D%7d¶m1=1 - Compact Disc - Outcome of Board Meeting
------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: manojc
Date Posted: 21/Jan/2009 at 9:44pm
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http://economictimes.indiatimes.com/Earnings/Compact_Disc_India_posts_93_net_profit_in_Q3/articleshow/4012066.cms - http://economictimes.indiatimes.com/Earnings/Compact_Disc_India_posts_93_net_profit_in_Q3/articleshow/4012066.cms
CHANDIGARH: Chandigarh-based Compact Disc India Limited has reported a 93% growth in net profit in its Q3 results.
The animation company clocked a net profit of Rs 10.04 crore for the current quarter, as against Rs 6.03 crore in the same quarter last year. The total income as per company announcemnt stands at Rs 50.12 crore as compared to Rs 30.11 crore in the corresponding quarter last year. This reflects a 66% growth. Numbers are rocking. Only doubt is if these numbers are cooked or not?
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Posted By: kumardiwesh
Date Posted: 21/Jan/2009 at 10:18pm
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Let's not doubt each and every company. ------------- "History does not tell you the probability of future financial things happening" - Warren Buffett |
Posted By: Nitesh_Inc
Date Posted: 21/Jan/2009 at 10:49pm
Why not Sir ?
I guess its better to get all doubts clarified than to stop doubting..
Someone has to do this as the auditor's aren't.
------------- An investor convinces himself, an analyst convinces others. |
Posted By: basant
Date Posted: 21/Jan/2009 at 5:40am
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The auditor's job can never be done by the investor. Satyam fooled the investing community for over 8 years or maybe 15 years who knows? It is good to be questioning everything but if we do that investing would become impossible.
------------- '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: subu76
Date Posted: 21/Jan/2009 at 10:31am
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I think this sort of doubts is what forces common investors like me to go with established companies though i'd love to discover that "virgin gem".
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Posted By: praveen
Date Posted: 21/Jan/2009 at 11:06am
The doubts creep in when PEs are so low and so is promoter holding.
Why is promoter now buying from the open market when he can recover the cost of accquisition under 2 years even at constant earnings.
If I was the promoter and my numbers were true, I would have been buying like crazy from the open market and increase dividend pay-out to recover my buying cost.
Lets look at the numbers closely
Companies equity base is around ~30 crores at FY-08 with almost no debt and so is the current market cap. And in the 9 months FY-09 company has earned 28 crores at net level.
Promoter share holding is at 16%. Lets say management accquires another 20% from the open market. At CMP cost of accquisiton would be 6 crores but say in the process the prices doubles and av. accquisition price doubles at 12 crores.
Assuming company continues its current run-rate and earns close to 35 crores this year. promoter can easily increase the pay-out ratio to 33% and earning back his 12 crores of investment and have a higher stake in his undervalued company.
Not only that it would send an excellent signal to the market and in all likelyhood prices would go upwards.
But none of this is happening so makes you wonder that whats cooking  ------------- The quest for knowledge is a never ending Journey |
Posted By: PKB2000
Date Posted: 22/Jan/2009 at 12:39pm
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Anyway the company is behaving much better of providing and declaration dividend and it compells me to take more of this stock. The logic is same we can not just live in earth in doubt and confusion. ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: kumardiwesh
Date Posted: 22/Jan/2009 at 1:12pm
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I think this company needs cash for growth and expansion.
Raising dividends doesn't look feasible. It has high returns on capital and is better off retaining its earnings. ------------- "History does not tell you the probability of future financial things happening" - Warren Buffett |
Posted By: praveen
Date Posted: 22/Jan/2009 at 1:20pm
One can always mantain a balance between the two. With low promoter holding good dividend pay-out is good proxy for honest management. It shows that even though you don't get that much as a promoter out of the dividend pay-out but still you are willing to share earnings with all shareholders.
Even if its growing quickly it can easily pay-out 20% as dividends and still have enough for growth.
------------- The quest for knowledge is a never ending Journey |
Posted By: PKB2000
Date Posted: 22/Jan/2009 at 3:12pm
Just a little to add
I am following different blogs/ control system (especially money control.com) about this stock from past two three years and I recollect a section of market people was extremely unhappy about non-payment of dividend for a long time and often accused this company on that front. So to uplift a market sentiment this action is helpful. We are many ways depenedent on market sentiment also for stock prices - is not it? ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: kumardiwesh
Date Posted: 22/Jan/2009 at 5:22pm
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The dividend payout policies of many Indian companies are pathetic.
This is not an exception.At least this company has good return ratios. ------------- "History does not tell you the probability of future financial things happening" - Warren Buffett |
Posted By: barlove
Date Posted: 24/Jan/2009 at 2:04pm
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Dear Praveen & Everyone,
I am long time reader of Equitydesk and invested in compact disc for more than an year now. Have become a registered user today and My greetings to every one.
Praveen, You echoed my thoughs on Promoters of CDIL and i was wondering the same for a long time and infact have stopped adding CDIL inspite of coming to attractive levels.
I was surprised to get 1rs dividend from CDIL and after that i was hoping for management to do some thing to address the doubts in our minds. But nothing has changed much and i more watching promoters action rather than the results.
If the promoters are having such a huge target of growth, they should have picked up at more at these levels. 2 rs dividend will get promoters cash for 1% increase in promoter holding.
Some thing is in this counter for sure . only time will tell whether its good or bad.
Thanks
Barlove
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Posted By: barlove
Date Posted: 24/Jan/2009 at 2:51pm
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Hi Kumardiwesh,
what we are dabling with is to get a feeler of whether the companys profits are genuine.
If some way if we know for sure, there is no issues with divivend pay. But i strongly feel that a good managed company should have a dividend policy. whether its 1% or 10% or 20% based on the nature of business.
Dividend pay is one way of assurance that the nos are not fake though its not completely fool proof as there were companies who had paid 4rs div yoy books were cooked for many years.
I just picked the salary & wages of CDIL and as per the AR fy08 they have paid 49.6L out of which management salary pay out is 20.4L. so now balance of 29.2L is being paid as salary. with an avg salary of 15k CTC permonth ( is it not 15k ctc too less?? )the annual pay out is 1.8L for about 16 employees.
The interesting part is CDIL AR doesnot mention the no of employees in the company.
CDIL as per AR for FY08 has made sales of 183.1 crores / NP of 38.4crs with 16 employees is not convincing to me... unless i am missing some thing big.
Thanks.
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Posted By: kumardiwesh
Date Posted: 24/Jan/2009 at 3:13pm
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Yeah...this company may give big returns but it's difficult to be sure.
Are you shareholder of this company? Why don't write to the company management suggesting them to increase dividends? ------------- "History does not tell you the probability of future financial things happening" - Warren Buffett |
Posted By: barlove
Date Posted: 24/Jan/2009 at 6:52am
The companies website is under construction for almost many months now. PRO had conveyed through mail that by nov end 2008 the new website will be launched.
 . |
Posted By: PKB2000
Date Posted: 24/Jan/2009 at 11:05am
The website namely http://www.compactdisc.co.in - www.compactdisc.co.in is working and I find news letter Nov 2008, 16th annual report and2nd qtr result in the form of pdf in that site. The latest qtrly result is not reflected in the site. ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: barlove
Date Posted: 26/Jan/2009 at 5:24pm
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The website namely http://www.compactdisc.co.in - www.compactdisc.co.in is working and I find news letter Nov 2008, 16th annual report and2nd qtr result in the form of pdf in that site. The latest qtrly result is not reflected in the site. [/QUOTE]
The website is there but the pages in the website has been removed. what your seeing is not there full fledged website but a just one page of the website
There website is actually brought down i guess about 5-8 months back and they had underconstruction sign. But later they started adding newletter for every moneh along results and finally the AR.
I have sent a reminder to company PR on this. Lets see what they have to say on this now.
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Posted By: gauravsinghal2
Date Posted: 23/Mar/2009 at 12:32pm
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This is the reply I got from the company for pointing out the primitive quality of their website, esp. compared to the peer Crest Animation.
-Gaurav.
----------------
12th Feb:
Dear Mr Gaurav,
Thanks for your mail. The new website will be loaded with in next 30 days.
We are really surprised by your argument that the a company's genuineness is proved by its website and even you have mentioned the name of Crest Animation. You should also compare the growth, dividend pay-outs, order book, financial results etc. of Crest Animation with CDI. |
Posted By: gauravsinghal2
Date Posted: 23/Mar/2009 at 12:42pm
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Another communication with company, on very low salary, electricity, telephone, traveling etc. figures, and 80 crore lump-sum entry under 'purchase'. I was in a way satisfied with their answer, but still require the advice of you TEDies!!!
Actually the very low PE keeps on raising doubts... the best part about this investment sometimes becomes the worst part also!!
  .... Plz do reply with your comments..-Gaurav.
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Dear Mr Gaurav,
It is an universal practice in Film Production business to put all expenses viz. salaries & wages, electricity, depreciation, communication, travelling, acquiring rights etc.related to a particular film into the production cost of the film. Whatever outsourcing work CDI do for a particular film, all related expenses are booked in that film assignment only. Only the general management expenses are billed separately. We have made this clarification several times to investors, research firms, bankers etc. CDI has more than 324 employees working in three studios and other offices. Cost of materials is the cost of production of a film outsourced to CDI. In next Annual Report we will clarify and re-word this head. Regards
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Posted By: maaran
Date Posted: 23/Mar/2009 at 7:23pm
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there is an aura of shadiness all around this company ! woeful disclosures this company announced they are going to consider interim dividend a while back but the board never got around to meet.. when asked about this, this is their reply "The Board and Management of CDI do not take any finance related decision without consulting three very prominent advisors. We are constantly following-up with them for a new date to consider interim dividend. We can only assure you that we will keep our shareholders well informed about the activities of the company and on the dividend policy." not convincing enough, but im not willing to write this company off either. but just dont bet your shirt on this company though |
Posted By: master
Date Posted: 23/Mar/2009 at 11:09pm
I must say you've very good rapport with the company to elicit reponse to all your queries.
I feel it's an acceptable practice to load all expenses in the production cost of the film.
Rather than criticising them for their website, we can probably put it in context by saying that investors expect a website which professionally mirrors its line of business of content development & production. Moreover, for small caps & micro caps like CDI which are not widely covered by brokerages & research firms, company's website becomes an important source of information for the investors.
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