Cords Cable Industries Limited IPO Message Board (Page 4)

dear mr amar.. nri from usa.. u seem to have been completely wrong.. the market seeems to be rising and getting stable. there is no way the market in india will touch 1300 level as u have said. pls don't create a panic among people here. keep ur pessimism to urself. india has a very solid growth story that is going to stay for the long term. the fed has also cut interest rates yesterday by .75%. this will also help the market recover.

what is very important is to understand that the economy is on a growth path, and is extremely attractive at this point. please be patient and invest for mid term or long term.

unless you wish to invest for the very short term, there is no reason for panic.

invest, and cheers.

WHEN SMALL CAPS SHOOTS 200% AND BIG LINES FOR IPO SAMJO BADI MANDI AAYEE......I TOLD THIS EARLIER.

DONT INVEST ALL MONEY ........INDEX MAY FURTHUR SLIP TO 13,200.

THIS ARE WORST IN USA. I M NRI FROM USA.

This co. deserves 125 rs premium on 21000 index at 16000 index not morethan 75 rs

Many cheaters in line

First recovery will be in front line stocks & than in ipo

STAY AWAY TO AVOID SUICIDE

Dear Friends

All issues overpriced, be careful......

Invest money (20%) only rightnow in Good stocks....better buy GMR Infra instead of J.Kumar infra

Gues todays market crash is due to Profit taking from FII's and QIB;s. They have selected this time because they never want the retailer to take the best prices of stocks in secondary market.

Look, Now ok probably after another big crash expexted this weak all the share prices will become attractive for the purchase, but where is the money in the pockets of retail investers, everything is stuck in either Reliance or Future capital IPO which subscribed heavily. by the time we get refund i Am sure the sensex will be trading at above 19000 levels.

Finally the fate of retail investor would be max 15% return on investments.

AM admi zinda bad.

Do not carried away. There is slow down in economy. Every sectors have shown slow down. The slowdown has been observed all over the world. US economy is the main driving factor. So donot carried away for the fact like we have sortage of power, so economy will boom etc. We have already lost lacs over a week.
Stay away from the stock for a while.

Just want to reply to Tuntun's comment about the cable capacity. Please note that this may have been done so as not to mislead the investor.
Please note that land is a big asset, and hence the figure about total land may have been mentioned in the RHP. Also, please note that cable industry is quite land intensive, to put up the various machines.

The cable capacity can never be put in an accurate terms because the company produces specialised cables of various sizes that are both standard and non-standard, and from very small to very big sizes of power cables. Hence, cable capacity shall be a misleading figure.

what are you saying guys.. The economy is in no way slowing down. Just look at the requirements of the Indian economy alone- it is huge!! just see the energy requirement of India alone 1,00,000 MW of power to be added in the 5 year plan- which means doubling of the power generation & distribution capacity in just 5 years. Apart from this, see the Middle-east: huge investments are taking place throughout the region, and is expected for atleast 5-7 years in Middle east.

For the company in question, 55% of it's turnover is from the power sector, the rest is from other sectors like steel, cement, refineries, petrochemials etc.; also exports account for around 10% of the turnover, almost all of which has been to the middle-east.

Don't be a bear, the economy is very robust, it's just a short-term market correction- people who invest in the market (the very big investors) also have to make money, and that happens only when shares are sold, like it has happened today. The market will again pick-up in few weeks.

So, the market is fundamentally very strong, and the overall growth story for India and several other world regions is excellent. Invest in the market at this time, for a medium term.

The company has an excellent client base like: Areva, L&T, ONGC, NTPC, EIL, BHEL, Siemens, Alstom, HPCL, ACC, Grasim, TISCO, PDO, Reliance Energy, Cairn Energy, Honeywell, TOYO, Nuclear Power, JSW, Jaypee, ESSAR etc. and over diversified sectors.

The company's turnover has grown exceptionally well over the years: from 16 Cr(FY03), 22Cr(FY04), 45Cr(FY05), 60Cr(FY06), 104Cr(FY07), and 75 Cr (for 6 months on FY08).

Also, since the copany is in the Industrial Project business only, there are very high entry barriers for new players, and so very less risk of new entrants in the market which already has few competitors.

Must buy. expect 30-40% rise over the mid-term. Also, please read the review on this company given by ET, Business Standard in todays paper (investor guide). There is a rating of 3.5 given by ET.

Also, it is important to note that the company is not in the dealer market like other companies in the sector like KEI, Polycab etc. which are being talked about. Another difference is that for Cords the major product is Control, Instrumentation (and specialised design cables)and LT power cables , whereas the other majors being talked about in this forum are mainly in the power cables area (HT). Hence, it will not be correct to compare these. Cords, is also thus less susseptible to changes in copper prices as compared to the HT cables majors. This is because instrumentation & control cables account for much less copper that the HT power cables. Copper is the metal that has maximum and frequent price variation.

So, go ahead, apply your mind, and you'll see it is logical to buy this share.

I fully agree with Adarsha. Days of getting good return are over. With number of applicants rising and signs of economy slowing down gripping the stock market, it will not be possible to get good return from IPOs.Further under these economic conditions (if economy slowing down proves to be right) NO FRESH INVESTMENTS will take place.
Pl correct me if I am wrong.

Guys, Pls do not waste your time and block your money, Look at the issue size, think the reliance where issue size was 26 crs and now we are wonderind will we get 1 lot, then with this issue of 30 lakhs getting allotment, no chance frends, better pick some stocks in secondary market and make best use of your money.

Those who are only in IPO,s advice you to go for J kumar where the chance of allotment is almost double when compared to this.

Good ipo.........30-40% return in 1 month

Very good ipo to invest

But

Concerns
While CCIL does hedge its price risk on copper to an extent, any steep increase in price of copper and aluminium (about 50-70 per cent of the raw material cost) may adversely affect its earnings.

KINDLY UPDATE UR SITE WITH CM RATING 46/100

To (32.) TUNTUN
Copy karo to kuch nahin magar atleast mentin TULSIAN's name somewhere. All of us refer his website so please dont waste your time and energy by posting his complete review WITHOUT HIS NAME.

SOME OF THE LISTED COMPARABLES ARE KEI INDUSTRIES and UNIVERSAL CABLES ARE AVAILABLE AT A P.E. OF 10 & 14 RESPECTIVELY. AVOID

Cords Cable Industries is entering the capital market on 21st January, 2008 with a public issue of 30.85 lakh equity shares of Rs.10 each, in the band of Rs.125 to Rs.135 per share.



The company is presently manufacturing Power Cables up to 1.1 KV and is in the process of expanding its capacity in two stages. The first expansion of Rs.13.20 crores would get completed by January 2008, while the second expansion of about Rs.65 crores is under implementation, for which, funds are being mobilized. Strangely, the existing capacity and capacity under expansion is not revealed anywhere by the company in its RHP. Instead, it has laid more emphasis on its existing land area of 45,000 sq. ft, which is being increased to 92,000 sq.ft. Is it a construction and realty Company or a cable manufacturing company?



The fortunes of power cable manufacturers have changed in the last two years and same is the case here. Till FY 04, the bottomline was less than Rs.10 lakh on a topline of Rs.20 crores. For FY 07, total income of the company was at Rs.92 crores with PBT of Rs.10.65 crores and PAT of Rs.7.00 crores on equity of Rs.6.60 crores, resulting in an EPS of Rs.10.60. However, the present equity of the company stands at Rs.8.34 crores which would rise to Rs.11.93 crores.



Though, the company, in the first six months of the current year has shown some improvement in its financial performance, it pales in comparison with its peers. The topline for first half of FY’ 08 was Rs.67 crores with PBT of Rs.8.19 crores and PAT of Rs.5.35 crores.



There are many companies available in the secondary market which have better performances than that of Cords Cable and are ruling, at a PE multiple of 10 or less. For example, Torrent Cables having an equity base of Rs.7.50 crores with promoters stake of 63%, had a sales of Rs.200 crores for FY 07 with PAT of Rs.20 crores, resulting in an EPS of Rs.26. For 9 months ending 31-12-07, the sales was placed at Rs.160 crores with PAT of Rs.22.50 crores resulting into an EPS of Rs.30. Hence FY 08, EPS is likely to cross Rs.40. The share is now ruling at Rs.350, discounting it by less than 9 times.



This company is likely to post an EPS of close to Rs.10 for FY 08, on post IPO equity of Rs.11.43 crores, which results in a discounting of 13.5 times at the upper band. Hence, it is advised to give this IPO a pass as there are better options available in the secondary market.



AND BEST PART OF THIS IPO IS IN TIME SPECTRUM.....SO GO FOR ONMOBILE........KARVY....FAIR ALLOCATION AS COMPARED TO INTIME. YOU WILL GET YOUR MONEY ASAP.

one of the best ipo to invest in much better than J KUMAR

Don't go for J Kumar instead go for Cords Cable. Don't waste ur money in bad stocks. See the position of Brigade. Every infrastructure co. is not like DLF. Hold ur money for Emaar MGF. It will give u best return

which one is good cords or j.kumar

Please let me know Cords Cable or J Kumar will be best