C Mahendra Exports Ltd IPO Message Board (Page 6)

DEAR SJ,

please dont waste your valuable time in hi - hello......

I and some of my known friends were /are silent regular readers of this blog and we write and argue only when we are very much sure of the things....

following your tips, some of our friends got in SKS, MICROSEC AND CANTABILE...

SO PLEASE dont waste your time and do some favour to public at large (as you alsways do):-

1. ask your client/friend who is VP of MICROSEC that when will they buy this share ... when this is expected to reach 140...

2. CANTABIL sabko koot gaya hai... what your research says... will it rise again.... please do some research......

3. SKS ka SKS (SUB KUCH SAAF) HO GAYA HAI... iski bhi research kar daalo... long term... growth... p/e... short term.. book value etc.. and suggest what to do....

nice to knw srini....proud of you..buddy....!!

JOHN PTA....DUDE....MY FREIND/...DONT DO GUESS WORK IN STOCKS

LET THE FIGURES AND RATES COME THEN WILL DECIDE....I MEAN FPO PRICE AND ALL

COMMODITY AS IN IS WEAK//./...ENVIRONMENT IS EXTROORDINARY ,...SO COMMIDITY TRRADES IS A RISK

SJ welcome back.
Belated Merry X'mas & Happy New Year.
I am back in India.

What is your view on SAIL. Can we short future now as FPO will be there by end Jan.

Dear Sreedhar,

Please give advise over investing in SEL Manufacturing Co. coz today there is board meeting. This scrip is down by 300%. Is it right time to invest or be away from this scrip

Dear Sreedhar/natarajan wish you happy new year. Can you tell me what is kostak application and how can sell your stock at grey market price? what is the procedure? I hope you will have complete details.

Blindly and Tension Free Sale NHPC, JAYPEE INFRA, SJVNL, SCI, ONGC


Now, NHPC will take minimum 66 months to reach at 36/-. Buy, Potato at current rate, will be double till this Govt. is there.
SJVNL will take minimum 30 months to reach at 30/-.
JAYPEE will take minimum 40 months to reach 102/-. only because S P Tulsian has given target of 120/- within two months as per CNBC Awwaz before 121 days at that time it was 95/- After his recommendation it has down by Rs. 30/-. Now, it is struggling at 65/-
Rather than Jaypee Infra buy onion at current rate, will be double till this Govt. is there.
Forthcoming – Hind Copper (PSU), Nalco (PSU), ONGC (PSU) will try to give maximum losses to Investors as Gov will be very happy to give more and more losses.
Rather than OBGC, Buy Diesel at current rate, will be double till this Govt. is there.

Gravita would certainly contest for the IPO of 2010..

Issued @ 125 & currently trading @ 253.....

DEAR FRIENDS,
Let this day may mark the beginning of a haIPO new year!

Dear friends,

From what I remember here is the list of hits in 2010.

** Those IPOs that gave more than 100% returns who stuck to them: Jubilant food; Mandhana; Talwalkars; Gravita; Thangamayil Jewellary. We can add some others that gave more than 100% returns but then got corrected like ARSS infra.

** Those that were super hits on the listing day:
Ravikumar Distilleries, Gallant Ispat, Cox and Kings; Hindusthan Media; Oberoi Reality; REC; Coal India.

** Those that were hits on listing but subsequently faded away:
BS Transcomm; Bedmutha; Aster silicates; SKS Microfinance; Thinksoft Global.

** The counter that took the investors to dizzy heights and then dropped them deep down into a hole, the end of which is not known yet: Midfield Industries.

** Super hit in terms of returns who held: Jubilant Food.

** Super flop for those who held: Aster Silicates.

Since my memory is short and I haven't applied all IPOs, I may have missed a lot in the list. Friends can add .

IPO Finder

Any updates abt Shekhawati ??
What are Hem sec Jaipur people saying??

current gmp of mahendra exports:-

share:- 3 rs seller
Application 1700-1900(2 lacs)

Now see the difference:- on 1 application of 2 lacs 1400 has been offered as an incentive
it is a sure shot loss IPO

Some HNI has given the details of DP accounts to the promoters, that's why the retail portion is 0.6 times in retail

Don't get trapped in such IPOs
because the only question is if the IPO is so good to have 0.6 times subscription then why the kostak rate is only 1700 for 2 lacs Rs application

It is a purely avoid IPO
See the listings of last 2 IPOs of this space
1. Goenka Diamonds
2. Shree Ganesh Jewellery

Both gave huge losses

Stay away from this IPO

Remember to earn money is not important but to save ur hard earned money is very very important..
Happy New Year !!!!

frens pls sugges should i go for this ipo..

C MAHENDRA EXPORTS LTD
The company has priced its IPO at the price band of Rs. 95 to Rs. 110. The IPO proceeds are likely to be utilised for setting up of a diamond processing unit at Gujarat Hira Bourse, to set up a jewelery manufacturing unit and for setting up of retail outlets. The diamond industry is very fragmented, with low value addition and is characterized by high competition. Players typically have low margins and the working capital intensity is high arising from the long conversion cycle involved as well as delays in realization of export proceeds, which is more pronounced during demand slowdown in the key export markets. The company’s revenues and margins have shown considerable volatility in the past .
The businesses remain highly working capital intensive, which affects the company’s ability to generate free cash flows and has also led to an adverse capital structure. Moreover, there are issues with respect to the corporate governance. The company is involved in income tax litigation, had paid penalty for violation of customs rules, auditors qualification on accounts, suspension of sight holders status by DTC etc.. The business also depends on luxury market like USA and HK for business. Any slowdown in that economy will affect the company’s fortune. The P/E of the company is also very unattractive as compared to the peers and therefore the issue seems unattractive and hence can be avoided
As on 30-06-10, BVPS was Rs. 96. Post-issue, company’s equity will rise to Rs. 60 crore and promoter holding will drop to about 75%. Company is seeking an enterprise value of Rs. 1,660 crore, considering upper band price of Rs. 110, which is quite high for its scale of operations and financial strength. With mounting debt levels, poor working capital management
, uncontrolled forex losses and fluctuating bottomline, the issue appears weak on pure fundamentals
THE ABOVE VIEWS EXPRESSED ARE COPIED FOR REFERENCE

Grey market pre.is 1700 of 2 lakh appli.of C MAHENDRA means double paise mea ADHAI MAJJI

Hi frds...happy new year.any up coming ipo LIKE caol india and moil???
pls give ur feedback......

Looking good IPO...Its fairly priced IPO.Only -ve Working capital is its drwaback....
Risky Investor may subscribe for 50% IPO Gain

C Mahendra Exports: Consolidated Financials

      1006 (3)      1003 (12)      0903 (12)      0803 (12)      0703 (12)      0603 (12)
Net Sales      736.42      1852.82      1533.74      1731.99      1657.98      1047.78
OPM (%)      9.3      7.9      9.9      9.2      10.8      6.4
Operating Profit      68.12      146.26      152.36      159.83      178.45      66.79
Other Income      0.78      1.96      2.51      3.66      1.29      1.35
PBIDT      68.90      148.22      154.86      163.50      179.74      68.14
Interest      15.42      76.94      79.12      71.56      50.93      27.04
PBDT      53.48      71.28      75.74      91.93      128.81      41.11
Depreciation      2.21      9.51      10.72      10.85      11.98      6.91
PBT before Forex      51.27      61.76      65.01      81.08      116.82      34.20
Forex gain / (loss)      -8.15      -50.31      6.14      -46.74      -33.54      -1.71
PBT      43.12      11.46      71.15      34.34      83.28      32.49
Taxation      2.74      5.49      4.23      1.71      9.64      8.40
PAT before MI      40.38      5.97      66.92      32.63      73.64      24.09
Minority Interest (MI)      -0.05      0.12      -0.73      1.60      -11.80      -10.53
Net Profit      40.33      6.09      66.20      34.23      61.84      13.56
EPS*      26.8      0.9      11.0      5.7      10.3      2.3
* EPS is calculated on annualised post-issue fully diluted Equity Capital and after preference dividend

Wish you all a very very happy and prosperous new year
Chittorgarh is just like a family for me
Here I found some good and true friends like Sreedhar and Saharanpuriji
I wish all of you get a very very healthy and wealthy 2011.

DEAR ALL,AFTER SHEKHAWATI PROMOTER...ANOTHER PROMOTER HAS

LAID TRAP.. C .MAHENDRA EXPORT...

TO LURE RETAIL INVESTOR, PROMOTOR OF ..C MAHENDRA EXPORT HAS ALREADY SUBSCRIBED RETAIL PORTION BY .60 TIMES ON FIRST DAY ITSELF...

WHO WILL BELIEVE THAT ,STILL SIX DAY HAS LEFT AND ON FIRST DAY RETAIL INVESTOR R RUNNING FOR SUB...

REALLY STRANGE...BE CAREFUL...TRAP HAS LAID....

ENJOY NEW YEAR BE HAPPY AND FORGET THIS IPO..

!!!!!!!!!!!!!!!! CAPITAL MARKET !!!!!!!!!!!!!!!!

On consolidated basis, CMEL has posted improved operating margin of 9.3% in the quarter ended June 2010 as against full year margin of 7.9% in FY 2010. It posted net sales of Rs 736.42 crore and net profit of Rs 40.38 crore in the quarter ended June 2010. However, the company reported a drastic 91% fall in net profit at Rs 6.09 crore on 21% rise in net sales at Rs 1852.82 crore in FY 2009-10. The sharp fall in profits are attributed due to erosion in margins and due to forex losses as against gains in the previous year.

CMEL recorded EPS of mere 0.9 in FY 2009-10, and the offer price band of Rs 95-110 discounts the same by 123.6 times at higher end and 106.7 times at the lower end. But that was an exceptional year. The company reported healthy rebound in the quarter ended June 2010, with an annualized EPS of 26.8. The offer price discounts these annualized earnings for the quarter ended June 2010 by 3.5x – 4.1x in the lower and higher end of the price band. Industry majors like Gitanjali Gems was discounted at 6.9x on TTM net profit, while Shrenuj & Co was trading at TTM PE of 5.5x. TTM PE for large diamond cutting jewellery industry is 9.9. The company has healthy operating margins, relative to many other players in the diamond cutting / polishing sector. But the volatility in performance of the company, with gradual fall in operating profits in the past three years and huge fluctuation in forex impact, is a cause for concern.