Commercial Engineers & Body Builders Co Ltd IPO Message Board (Page 7)

DEAR SJ

ANY TRADING TIPS ON TIRUPATI

REGARDS

NISHA

TIRUPATI INK IS GOING TO LIST TOADY, LISTING 50 PLUS
CPB

Hi Boarders,

Please tell me how can I sell application in grey market at kostak rate?
I'm in hyderabad and have demat account in icici direct.

Thanks in advance.
Ashish

is their any buyer of commercial engineering body ipo's applications? at what rate?
M Agarwal

TOSHNIWAL,
DONOT SELL APPLICATION FOR COAL INDIA ,YOU WILL GET BETTER O
OPPIRTUNITY TO SELL APPLICATION AROUND 5500 AFTER 15th OCT

PIYUSH

Nisha at 157

ALTHOUGH I HAVE AVOIDED APPLYING FOR TIRUPATI

I WILL DEFINITELY TRADE IT COZ I THINK IT WILL BE MANIPULATED 100% BY OPERATOR JUST LIKE TARAPUR TRANSFORMERS IPO IF YOU RECALL

Out of my experience of 6 years of advising and 10 years of investing

I can tell you with confidence that trading targets for day trading can only be done based on the trading behaviour of that day or past behaviour

There cannot be any preconcived notions or fixed mindset before trading hours on a stock for day trading or on a SPECULATIVE SMALL SIZE IPO LIKE TIRUPATI.

I have lost quite a lot by preconcieved notions and trading ideas before seeing price movement on market opening regarding a stock or an IPO listing during my early days of starting as a fresher in 2005.

Since there is no trading history of this stock there is no point in discussing trading strategy before listing

There is no point in advicing stop loss also coz as in the case of INDOSOLAR

If you had put stop loss that would have very well gotten triggered on opening few minutes as well

So i will advice you that after i look at volumes price charts buyer seller in my technical software i use i cannot judge what is bulk deal activity what prices

Is there any short covering like in Prakash Steelage where i gave a call on short sell at 233 and to cover it at 216 intra day

So Plz follow my posts as well

as our technical guru ravi Bangalore

And shreedahr

For our advice on trading day of the stock listing

Check Tirupati board tommorow

At least any one of us will be available to comment on trading stratgey Intraday


Coz unlike GEM Bhai who believes in capital safety

Me Ravi and Shreedhar believe in maximisation of profits by taking minimum risks by putting stop losses on buying and selling to minimize or limit losses to desired level set aside to loose on that trade and not more....

We are addicted to that

I will do in Careeerpoint Microsec and Tirupati as well coz they will be operated quite well


I hope to see you tommorow on Tirupati Board

Regards

Setu

P.S. I am also busy in broking during market hours. But as in case of Prakash steelage blog during coffee breaks i take at 11:30 am 1 pm and last update at 2 pm on blog I will make sure I give enough guidance and my strategy and went to cover when i cover a position


DISCLAIMER: Boarders this post is just meant for Nisha and not in any way encourages you to risk your own money. I may take risks with my money but people should take their own decision and not blame me if they suffer losses based on my advice on trading an IPO and stop losses. I should not be subjected to abuse or frustated aqusistions for other persons loss based on my advice.

Dear SJ

ANY ADVICE FOR TIRUPATI TRADING TOMORROW.

REGARDS

NISHA

Plz can anyone advise me
I am holding 500 RIL shares @1016.
What i should do ,I should hold or sell when crosses 1016
Thanks

whether retailer will get discount in Coal India ?????????
Any idea abt KOSTAK rate ?????
prise band ?????

Dear all
To check ASBA application allotment you just have to put in the APPLICATION Number on the Linktime website and then just remove the E albhabet from there and then click on submit. Then it will show you the allotment status. Hope now no one will be having any problem in checking there allotment status.

Regards,

AK

ICICI ABSA PURA DETAIL SE DEKHO

149 Anonymus

Sorry Sorry Galti ho Gayi Mujhko Babab MAAF KAROO

I am busy in trading in day

Was watching Ayodhya verdict after that

So it is advisable to ask your queries after 3:30 market hours

In day whenever I am free i reply to very few messages.

Sorry if I missed you today

Now see this analysis i posted on Chittorgarh in SKS blog before price band announcment


I advice you before asking my view please check my previous posts on that concerned IPOs blog

It took me more than 20 minutes to find these previous posts on Sks blog

This i am doing for you which you could have done yourself..!! Because i cant dissapoint anyone asking geniune question.

if you cant take that effort. i am also not willing to help lazy person like yourself.....lollllll....!!
It is enough for you to understand the idea of SKS future

Well it is down that is good . Have you seen reults of June Quarter go and see it on bseindia.com

NOW DONT ASK ME HOW YOU SEARCH in bseindia.com Otherwise again I have to give one more lenghthy post that KK Natrajan Does mot like lolllll.....!!


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Accordding to INTELLCAP that publishes microfinance report every year.....MFI loan disbursments will be 135000 from current 45000 crore currently by 2014. SKS total loan disbursment is 4500 crores i.e. 10% of total MFI sector. Even if growing forward because of the huge base they maintain a market share of 5% that means by 2014 they will reach revenues of 6750 crores.

Assuming these figures and talking a conservative 70% CAGR growth for SKS instead of 100%. Following are earning and price estimates....

2009 2010 2011 2012 2013 2014

Total Loan Disbursements 265 495 990 1980 3375 6750
Net Profit 80 174 300 550 1000 1600
Earning Per Share 14 27 46 75 130 200
PE @ Rs 985 per share 70 36 20 13 7.5 4.9

Now assuming such high growth we can atleast assume that in 2010 it will command 45 to 50 PE due to scarcity premium and 30 PE thereafter till 2014...on conservative estimates shown above.

Hence following are price targets per share that SKS would command: Market always discounts one forward earnings expectations in current prices.......
Rs. P.E. Forward P.E. @ 985

FY 2010-2011 1380 50
FY 2011-2012 2250 30 20
FY 2012-2013 3900 30 13
FY 2013-2014 6000 30 7.5

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AT THAT TIME I USED TO POST AS SETU JAIN MY FULL NAME

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221. Setu Jain Jul 26, 2010 7:23:12 PM IST Report Spam
Why are people so negative about SKS ?

Agreed that at price band of 850-985 it is priced at 30-35 P.E. on diluted EPS of 28. But PE is of last 12 months trailing as of March 2010. See its performance it has grown @ 200% C.A.G.R. for the period of 2007-2010. So why will not some one ask for such high PE. for its IPO. See educomp it came at Rs. 200 and went to 6000. First 3 years grew at 200% and then 100% CAGR till 2009. It had 100 P.E. in 2008 in that high growth phase of 5 years.

Now look at the scope of Microfinance Sector itself. According to NABARD, the current micro credit by micro financial institutions is at Rs20,000 crore whereas the total micro credit demand is estimated at Rs2.4 lakh crore, creating a huge gap and scope for exponential growth in micro credit. Majority of this demand is met through local money lenders charging very high interest rate up to 60 percent pa thus encouraging MFIs to further penetrate through low cost loan offerings.

Till date, a large number of poor people remain outside the formal banking system. The rural penetration in banks is less than 18% and the existing banking policies are far from meeting their needs. About 75 million households live below the poverty line and the annual credit demand by the poor exceeds Rs 70,000 crores, out of which the cumulative disbursements is about Rs. 8000 crores. Only 5 % of rural poor have access to microfinance and the share of Microfinance in total credit of Indian Banking system is less than 1%. The Indian micro finance industry (MFI) would cross 11 crore borrowers and Rs 135,000 crore ($30 billion) in loan portfolio by 2014. So you can see the oppurtunity here

Now people who talk about Private placement at 300 and 600 per share to Narayan Murthy and George Soros Quantam fund......These placemenmts are done at a lockin period of 3-5 years. So they cannot sell there stake in open market post IPO and can only sell after 3 years. Sequia Capital that was the biggest PE investor in the company today has a major stake. Sequia is the same company that funded Google in its early stage. Do you think they are that foolish to exit when the oppurtunity has just begun?

Thoose who raise question about ethics..... Well tell me any NGO that would have been able to serve such a large base of people without funding. I mean what is so unethical? Have you ever given any loan to poor people. Have banks in this country serviced people in rural areas? RBI encourages them to open branches in rural area but no. of branches are dismal. Then who will provide them loans if not large banks? Whats wrong in profits. If they run in losses how will they raise future funds? These cos go to rural areas...adderess their problems..is that unethical ?

Now talking about risk...related to lending to poor people....and problem of overlending and defaults. R.B.I. has created MFI body to maintain records and ensure that total loans to a particular individual does not cross Rs. 50000 in a particular point. Capital Adequacy Ratio of SKS post IPO will be 40% of total loans disbursed...and deliquency ratio or NPA is just 0.5% . which other indian bank boasts of such high risk measures...? Plus they lend though SHGs or self help groups created by women who themselves do not sugget people with bad credit report to be lended money coz they know that in future they will not get any loans if their reputation is damaged. I mean rural poor is more trustworthy while lending and pay their loans seriously than urban poor..!!

And speaking about high rates of interest of 20-25% well its well below greedy moneylenders of 60%...and if cost of capital for this MFIs is 12-15% why will they not charge 20%.

Oh did i forget to mention that SKS is applying for banking liscence in future to reduce its cost of funds from 12 to 6%. Did i tell you that it has tie up with HDFC for Micro Housing that is a new sector...or retailers like Bharti Future Group who have tied up with SKS to provide loans to rural distributon channel.

And on top of that SKS is planning to expand its operation in China next fiscal..!!

If these are not reason enough to invest then what are ?

You know SE Investment a listed player in micro finance on NSE and BSE currently that few people know about has gone 4 times from 250 to 1100 in just one year.

Ultimately retail investors will shy away QIB will oversubscribe Liquidity of this stock will be with institution with little retail holding and just like Jubiliant or ARSS this will generate huge returns...!!

Any ways people who want to stay away...its there opinion...I just gave my few cents for thought..!!

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I think this is enough for you

If any further doubts ask me



DISCLAIMER: THIS INFORMATION IS ONLY FOR THE BOARDER CONCERNED. OTHER BOARDERS ARE ADVICED TO SKIP THIS POST BY ME.

The Person who applied for 80 shares got only 40 shares. Only 9 person got shares out of 58.(Lottry system)

Srini,

I think we cannot see any subscription due to bank holiday. Probably there will be some subscription from tomorrow.

Gane.

Dear SJ,

You have not replied to my previous query on SKS Microfinance. Since results declaration it has fallen quite a bit. I am holding all the IPO alloted shares. Please advice on the strategy on this stock.

Also, I am holding Bajaj Corp at IPO price. It has also fallen signficantly from its peak.

Please be generous and reply.

Dear all to check ASBA application allotment you just have to put in the APPLICATION Number on the Linktime website and then just remove the E albhabet from there and then click on submit. Then it will show you the allotment status. Hope now no one will be having any problem in checking there allotment status.

Regards,

AK

Not a single bid on day 1, I think this is a record.

tomorrow

This is a good IPO, defiantly listing gain. Auto space is growing very fast, which help this company.

AGK,

YOU ARE ABSOLUTELY RIGHT.

DECORUM HAS TO BE MAINTAINED IN THIS FORUM.

THE PROBLEM IS THAT PROBABLY THE SITE HAS TO BE REVAMPED TO ACHIEVE WHATEVER POINTS YOU HAVE MENTIONED, WHICH MAY INVOLVE MONEY, OUTAGE TIME,EFFORT ETC, WHICH THE CHITTORGARH TEAM IS NOT AFTER.

THE TEAM IS MORE AFTER GRABBING EYEBALLS BY WAY OF MORE AND MORE PUBLIC EASY ACCESS TO THIS SITE, THOUGH IT IS GOOD IN THE OVERALL SENSE; CREATE SUCH UNWANTED NOISES HERE.