It would be nice for the first time if the operators who puts money in HNIs get trapped. I think its just a play by them. After retailers and QIBs subscribe on seeing the HNI subscriptions, these guys will most likely withdraw their applications. Lets see what happens tomorrow. it might be possible that this issue will sail through as it is already 82% subscribed.
Gane.
148. Chem cho| Link| Bookmark|
December 9, 2010 7:37:27 PM
IPO Guru (2600+ Posts, 2700+ Likes)
A2Z AVOID AVIOD AVOID SUBCRIBED TOTAL .82 TIMES ONLY BY HNI INVESTORS ALL HNI INVESTORS SEEM TO BE OF RAKESH ONLY QIB AND RETAILS ARE WAITING TO SEE WHAT IS GOING ON IN STOCK MARKET WHILE ONLY INDIAN MARKETS ARE FALLING AND FI ARE SELLING INDIAN FINANCIAL INSTITUDE ARE ONLY CONSENTERING ON IPO STOCKS TO KEEP THEIR PRICE SOME WHAT CONSTANT THE FEVER OF EURO HAS TURNED TO INDIA BUT I STILL FEEL THAT A GROUP STOCK WILL RISE AGAIN PL AGAIN STAY AWAY WITH STOCKS IN NEWS FOR DOWN TREND
Strong performance shown by the promoters over the last 4 years. Backing by Mr. Jhunjhunwala.
In Praj and Punj Llyod also, he has holdings.But, both are bleeding right now.He bought Delta corp and KRBL. KRBL shot-up like rocket when this news hit and now, back to square one.
He can sell his stake any time from any company. We will come to know when he buys but we don't come to know at right time when he exits.
The IPO is extremely over-priced. Jhunjhunwala got the shares at a fraction of the IPO price & he is unlikely to buy at the IPO price.
Read brokerage house reports which have great information, but take your own wise decision.
Investors shouldn't touch any mid-cap or small-cap stock unless they are sure that there is value in that stock.
I have 100 Koutons @ 60- BOUGHT & CAUGHT.
Large caps can be considered relatively safe. There is rarely any manipulation in large caps stocks.
Except for a few FIIs, there is hardly any group or individual in the market who can control prices of large caps for an extended period.
With each passing day, more and more stocks are getting dragged into controversies.
Suspect rigging in Ruchi Soya, KS Oils, Karuturi Global: IB Report - Read today's Economic Times
Adding salt to injury, there is 2G scam & investigation going-on; Bribe for loan scam by financial sector to rig small-caps.......
Now, I am skeptical about the entire market. Be careful about small & mid-caps trading below 5. In this bull-market, if they are trading below 5 P/E there must be strong reason for distressed valuation.
141. hchc| Link| Bookmark|
December 9, 2010 3:43:50 PM
Top Contributor (400+ Posts, 900+ Likes)
Chem Cho, Hanung Toys is a fundamentally strong company and the way it is falling it is a good buying oppertunity for all retail investors.Going by management if they do pose EPS of 50 then the stock should show levels of 425 by april 2011. Only problem in Hanung is that the books and numbers that the management r giving should not be fake or cooked.If they do pose EPS of 50 then i see no reason why stock should not trade @ 400-450 levels.Even on conservative basis it should atleast show 350 levels. I bought today also @ LC 189.15/-
A 2 Z promoters cost of each equity share is only 40 paise, Book value Rs. 74 & offer price Rs.400 to 410
CARE assigned IPO Grade 4/5: Financial Performance has reported well.
Peer comparison suggest PE Ratio is Expensive, RONW has came down & PBV of 5.5x
Investors with a high risk appetite & for patience of 2/3 years may apply.
Since Rakesh Jhunjunwala is there, one can expect some listing gain.
* The average cost of Promoters each share is only 40 paise, book value Rs.74.63 & offer price Rs.400 to 410
* Promoters have pledges their shares.
* As on 31st.March 2010 company has reported turnover of Rs.1225 cr. But debtors outstanding were Rs.825 cr. This is more than 66% which is very high
* Company has experienced negative cash flow during last four years.
* During 4 month ended 31st July 2010, company reported turnover of Rs.418 cr. & net profit of Rs.26.11 Cr. But on annualized basis company�s turnover is in line with previous year but Net Profit came down by 20%.
* Top five clients contribute 90 to 98 % business in total Net-Sales which is a risky business.
* During FY 2007 to 2010 company had issued bonus shares to its promoters in the ratio of 30:1
Note: The performance of the company during March 31, 2010 is excellent. Company reported sales turnover of Rs.1225 cr. & net profit of Rs.98cr. company top line is posting healthy growth of 60% CAGR during FY 08 to 2010, but EBITDA margins� came down from 19% to 17% For 4 months ended 31st July 2010 company bottom line faced pressure. Main plus point is that CARE has assigned IPO GREADE -4.
Recommendation: At the Cap price of Rs. 410, company is demanding Valuation at the PE ratio of 30x on FY earnings. RONW has declined substantially from 56% to 23.8%. While the PBV multiple at cap price is 5.5 x. Debt equity ratio of 1.3:1. Looking to the company�s fundamentals, the issue is much overpriced. Though, Company revenue and profits coming from the new business are being considered over the next 2.3 years, the valuation seem fair. So Investors with high risk appetite & patience for the long time may apply. The name of Big bull Mr. Rakesh Jhunjunwala may help to keep the stock in premium. So those who want to take listing gain may also apply though it is not certain.
Ravi, Bangalore, What is the colour of the tie Udayan Mukherjee is wearing now? Whatever colour it is, he can donate it to someone who has invested heavily in the midcaps and smallcaps.
Have you seen 80% of stocks are at their all time low. wowo it is just a startegy of congress to show that index is at 19500 but infact all retailers have lost heavily in the market.
retailers would not have only 5 stocks in their portfolio like tcs,infosys,sbi,cipla or icici bank.
please raise this issue heavily as to why now all stocks are coming in stock price rigging and all media going gung ho on it .
is it done purposely to make market go down and strategy with f 1 to make market go drift down as retailers are holding stocks.
please do not enter market and dont subscribe to all ipos give all a miss.congress is coming to capture your money from ipos, tecah them a lesson and dont subscribe a single share.
134. Chem cho| Link| Bookmark|
December 9, 2010 1:41:19 PM
IPO Guru (2600+ Posts, 2700+ Likes)
HANUNG TOYS READ MY ARTICLE 128 IN A2Z HANUNG TOYS IS IN LOWER CIRCUIT AT RS 128 AGAIN 10% LOST IT IS PURELY OPERATORS STOCK