Gujarat Pipavav Port Ltd (GPPL) IPO Message Board (Page 67)

hi saharanpuri..................... Sorry i didnt reply..........yor phone....coz itne saree mc ....bc........customer care calls ate hain ke maine unknow no.....uthata hi nahi............anyways...........u didn t message me before........otherwise i would have saved it ......i just got your message ill save it............rite now i am leveing for disc with freinds to party....so will not be able to call....kal subhah i ll call you myself..............thanks again forr your comments.....................bcoz of ur faster gmp updates than i can access.....from my contact......you have been great help yaar......will call....u tomorrow............cchaooooo......

And

Mr. BUSY MAN

JUST BCOZ I AM NEW BLOGGER AND JUST ADVICED ONCE DOESNT MEAN I HAVE NOT BEEN RIGHT

MY CLIENTS ARE NOT ASSHOLES TO GIVE ME THEIR MONEY SINCE LAST 5 YEARS IF I WAS.... WRONG MOST OF THE TIME.......AND I WOUDNT HAVE BEEN WHERE I AM TODAY......

My other invetments were SE investments....in 2009 which gave me 1000% return....I also gave one boarder...advice to buy Rainbow Paper named Milinds who enjoyed profits on that advice.....

But i am not here to prove people anything...I am just here to blog and discuss about IPOs. Neither i want attention........and stardom .....just by posting .....i am satisfied with what i have achieved....

I HAVE ALSO GONE WRONG BUT EVERYBODY GOES WRONG

RAVI HAS GONE RIGHT BUT HIS STOPP LOSSES ALSO HAVE ALSO BEEN EXECUTED..sometimes...THAT HE HIMSELF MENTIONED.....AND SAID THAT NOBODY CAN BE 100% CORRECT....!!

AND SPEAKING ABOUT COPY PASTING....THE BROKERAGE REPORT WAS 11 PAGES I SUMMARISED IT TO I PAGE FOR CONVINIENCE OF FELLOW BOARDERS I SUMMARISED IT.

IN SKS I GAVE PROJECTIONS OF FORWARD STATEMENTS TILL 2014......BASED ON MY OWN.......EXCEL VALUATION MODELS AND NOT COPY PASTE.


JUST WAIT I AM ALSO PUBLISHING FORWARD ESTIMATES FOR GUJRAT PIPAVAV

BUT OBVIOUSLY U THINK IT IS ABAD COMPANY

Sj,

Excellent work.There are large no of boarders both voacal & silent who admire your work.

Keep up the good work & give beautiful reports on GPPL like u did in case of SKS.

Its rare to find such knowlegable hardworking boarders on Chittorgarh.

At what rate did u bought GPPL in grey market.

Whats your target for DCB ,Bajaj Corp & take on Prakash Steelage IPO listing on 25 aug.
|

Bye
Vivek
PS tried calling u but u didnt picked up the phone.

GPPL any one know how much commission on form

Mr. BUSY MAN

I am writing by my own this post.....not copy pasting yes previously i gave info by regferring reports but not this one......

My business is going fine and i have daily client turnover of 10 crores and monthly brokerage if 2.5 lakh rupees........and i also invest with my capital.......So i am not wela......

I like blogging.......and i like to research.....

If u think this IPO IS not worth it dont invest instead of commenting about me..

You obviously dont want to read coz you do not want to invest but other boarders want to...know......the facts......and not shallow arguments

People have thanked me after SKS about quality of info....i posted.......that was helpful for them

And i am posting for them.....so that they can be benifited.......OKKKKKK...!!

I HOPE ALL THE OPERATORS AND BROKERS SUB BROKERS ARE RUNNING LIKE MAD MAN
90% OF BOARD MEMBERS HAVE DOWN GRADED THIS IPO GUJARAT PPL
I HOPE ALL THOSE WHO APPLIED FOR ENGG , SKS, BAJAJ , ARE ALL MY FREINDS AND THEY ARE NOT APPLING
I ONLY REQUEST GO THROUGH WWW.INDIA BULLS .COM SITE FOR IPO
RED HEARING PROSPECTUS
READ MINT REPORT
TULSANI COMMENT ARE AWAITED
THOSE WHO HAVE INVESTED IN ENG , SKS, BAJAJ , HAVE MADE LISTING GAINS TO THE TUNE OF RS 18000 TO 20000 PER APPLICATION FOR 1 LAKHS IPO

WWW.CAPITAL MARKET.COM

DEAR FELLOW BOARDERS WHO ARE THINKING TO APPLY FOR THIS IPO AND DON’T HAVE GUIDANCE OR INFO ABOUT COMPANY’S FUTURE AND ARE DISGUSTED AT SEEING CURRENT BALANCE SHEET OF COMPANY…….and IN TENSION AFTER LISTENING TO PEOPLE WHO HAVE JUST READ PAST RECORD AND TELL YOU THAT THIS BAD COMPNAY….PLZ WAIT …..FOR A WHILE…..

Just as in the case of SKS Microfinance IPO I will be shortly publishing forward earning projections , Forward EPS, and forward price targets till 2013-14 for Gujarat Pipavav IPO……Thoose who do not know what I am saying……plz go and check my posts on forward estimates I posted about SKS long time ago before IPO……
I will also tell you that:
BASED ON CURRENT NEGATIVE EPS AND LOSSES YOU CANNOT JUDGE PIPAVAV COZ IT IS MAKING CAPEX AND IS SHORTLY GOING TO BREAKEVEN…..
Till that time just give thought to these examples:
1)DCB Bank
that is constantly reducing its losses and is expected to go positive EPS and profits in next two quarters has smartly rallied to 54….bcoz of good quality management.
Even Gujarat Pipavav has good quality management. And promoters…APM Terminals
2) Moser Bear
has 36 crore loss as of March 2010…..coz they are doing excessive capex for solar pv plants……and research and development…….But still a few days back……Blackstone Group has invested 1% in it coz they believe solar power has great potential going forward…….However it requires huge capex and has long gestation
Same way Gujarat Pipava has attracted IDFC SSKI, Government of Singapore, Deutche securities coz they believe that company and sector has good prospects…Also Gujarat Pipavav is doing capex…..which will reap benefits in future
JUST THINK OVER THESE TWO POINTS AND RESEARCH…..

I WILL PUBLISH MY REPORT SHORTLY FOR YOU TO DECIDE WETHER TO APPLY OR NOT…..INSTEAD OF READING HALF INFORMATION POSTED BY SOME….

SJ sahab

kripiya kar ke chhota aur meaningful message de. itane bade message or cut paste laga ke sabka samay na barbaad kare.

main manta hoon ki aapke pass koi kaam kaaj nahin hai, share brokerage ka dhandha bhi mada hoga, lekin yanha sabka itna time kyon barbaad mat kiya karo yaar.

waise main bhi ravi ki baat se sahmat hoon. yeh farzi vcompany ka ipo hai. listing par 1000 rs. per application bhi nahi milega. ho sakta ki ulta ghata lag jaawe. long term main ho sakta hai ki share 10 rs. main bik jaaye.

main yeh bhi manta hoon ki sks main aapki calculation sahi thi. lekin 1 calculation sahi ho jaane se analyst badhiya nahi ho jaata. ravi banglore ne apne ko baar baar proove kiya hai.

cut paste gyan se koi mahann nahi banta.

simply this is a loss making company will trade highly negative.

@ Ravi Bangalore
I’ll give reply on each and every point:-----

YOUR COMMENT: “I am not asking to AVOID blindly. “
ANS: Obviously you are coz you have no facts to prove it why it is a bad company. You just have half knowledge…..you said on your previous posts that since PE Investors are exiting it is bad company. But I told people why PE Investors are exiting. Anyways I am not avoiding it I am applying. I know many people who ridicule research….and forward estimations that we analysts make….and just comment on past performance and buy knowing just some limited tools of analysis like EPS PE PRICE TO BOOK ETC….They also ridiculed me when I said SKS was not expensive looking forward statements…..but I stayed by my instincts……and ill be definitely rite in gujarat pipavav in the long term although may be somebody shorts it and price comes down as in case of Pipavav shipyard IPO.

YOUR COMMENT: “1. Look at Anchors Investors List- check whether reputed Funds subscribing?”

ANS: That question has already been answered by Saharanpuri. But you never read something so let me make you read that again:
155. Saharanpuri Aug 21, 2010 1:02:17 AM IST
LARGE NOS OF fiis & BLUECHIP MFs have particpated in anchor investor like DSP,GS,HDFC.CANARA ROBECO,AXIS MF.TATA MF,govt pension fund,llyod george,deutshe securities,govt of singapore ,DEUTSHE SECURITIES.,INDIA OPPORTUNITIES FUND.
Now obviously I have given you answer about quality of anchor…..you will say that it does not mean…that..it is good company…….First you question and when you get answered you obviously….say that it doesn’t matter !....So let me clarify that befor e you say that even I don’t think it is that much important it is a good thing but not enough.

YOUR COMMENT: “2. Check FII subscription levels? In addition, predict HNI demand (not an easy task).”
ANS: Why I should I check FII subscription levels and predict HNI……demand….. I believe in pure company fundamentals ,future prospects….Quality of Promoters and Management. That’s it I do not loose sleep on knowing subscription numbers. If a company is good it will give returns in long run…!!

YOUR COMMENT “FIIs apply after due digilence. They may have access to price sensitive inside information that you & I don't know.”
ANS: Obviously they have…….thats why so many quality FIIs are anchor investors. They did their due diligence…..IDFC SSKI also did due diligence by investing in company a year ago. And APM Terminals who invested 51% stake and have world renowned execution track record and operate 30 ports worldwide also did due diligence…They are not assholes to invest in a company that is loss making…till now……..they must have seen something…….

YOUR COMMENT: “Grading of 4 indicates fundamentally sound for long-term, but it is not parameter to take decision on valuation. Most people expect listing gain.”
Ans: Yes you are right . But I also mentioned that in my post that you are referring and I said it is not parameter wether company has long term growth prospects…..!!.....................They give exsisting valuation and fundamentals and on basis of that it is not bad company. I will also give you my forward estimates and explain you why company will be profitable going forward.

YOUR COMMENT: “Do some Google search. You get some brokerage house research reports. Check blogs in moneycontrol also (to get one useful post, you need to scan through 10 useless posts). Read Mint Report also about P/E Funds redemption. All above research take just 15 minutes.
ANS: Yes it takes 15 minutes…else how will you find information….do you have some contact with management ?…please give me first hand info if u can I will stop googling and reading reports and red herring prospectus…..ok..!!
You are contradicting yourself here…..how did you know that PE funds are exiting…if u were not aware that mint has published that article….And on top of that you didn’t care to read the full article and gave misinformation that it is bad company as PE Funds are exiting
YOUR COMMENT “Finally, take your own decision. If you apply manually (not online), you can Stop-Payment in case FII / HNI & Retail subscription levels are less than 10 times(applicable for investors expecting listing gain).
If subscription level is more than 30 times, don't waste your 1 lac. You will get little allotment which is little for 15 days lock-in. Go for next issue.”
ANS: Thanks for your advice....I always buy from grey market…I had bought 1000 shares of SKS Micro from grey market……I still hold them…and will not sell…I had researched and followed that company since 2008 when Sequio Capital had invested in it and it was listed on Chennai Stock exchenge Nobody new about SKS Then since then I am researching it…….I never apply before I am dam sure about the company after intensive research……but obviously fundamentals do not matter for you in case of Gujarat Pipavav rite….…!.....
.Similarly I am planning to invest 5 lakh in Gujarat Pipavav. I have bought shares worth 2.5 lakhs from grey market already and I will buy the remaining from open market after listing….if it goes down bcoz of operator shorting I get the liberty of average at lower levels and if it lists say 20% above issue price I will invest…after price settles down after 15 days…..even if its costly ill buy from open market in that case coz long term prospects….are good and prices will stabilize……!!.....
But obviously…….According to you fundamentals do not apply for this company…..so as much as I try to convince you will not….get convinced bcoz you have made up your mind….anyways….!!
Regards & No offence intended
Setu

currently borrowings of co.Rs1100cr, after ipo reduced 1100-300=800cr,it means that only interest burdon is 100 cr ,think and apply no listing gain will be.

Maine 3 month pehle kaha tha ki buy (BFUTILITY) &see the result once again buy(AUSOMENT @35-36) diwali special.&mujhe wish karna.

GPPL gmp -9. application 1900 rs mein jayegi. application mat becho pagalo.yeh mast issue hai.sabse best issue of this last 2 month.

SJ pl give details of anchor investors

Maine sks me 12 application buy ki thi aur maze kiye.isme main 19 application buy karuga aur meri khud ki 5 application karuga bindas GPPL ipo sks jesa hai.darna mana hai.

CapitalMarket.com Raating (47/100)
Gujarat Pipavav Port: Good growth prospects burdened by huge equity
IPO shareholders will be buying the shares around or below the price at which promoters/selling shareholders bought the share

The company has turned in negative operating cash flow for the fiscal ended Dec 2009 and Dec 2008.

Even after eight years of commencement of operations the company has yet to report profit at the net level.

Pre-issue, debt-equity ratio is almost 4:1. Total debt stands at Rs 1100 crore.

Valuation

GPPL clocked a revenue growth of 31% to Rs 219.12 crore for the fiscal ended Dec 2009 and an operating profit growth of 246% to Rs 44.06 crore as OPM improved from 7.6% to 20.1%. The company seems to have benefited by improved utilization levels and consequent lower compensation to PRCL under guarantee traffic agreement with the latter. However strained by higher interest cost and depreciation the net loss was Rs 117.67 crore compared to a net loss of Rs 67.60 crore in the corresponding previous fiscal.

The company's pre-IPO book value is Rs 8.9 as the entire share premium given by the promoters and other pre-IPO allottees has been wiped out due to continuous losses. The company's revenues at Rs 219.12 crore in FY 2010 is less than half of its post-IPO equity of Rs 419- Rs 433 crore.

In view of current low capacity utilization, there is good scope for revenue and earnings growth in future especially due to improvement in economic environment and reduced interest costs on repayment of loans. So turnaround in profit looks likely but EPS will remain small due to the high equity base.

The average cost of shares for promoter: APM Terminals Mauritius is Rs 44.3. The average cost of shares for selling shareholders: The Infrastructure Fund of India LLC is Rs 42.85 and The India Infrastructure Fund LLC is Rs 66.45. Against this, the current IPO and offer for sale is at Rs 42-48. So IPO shareholders will be buying the shares around or below the price at which promoters/selling shareholders bought the shares over the last few years.

Hello to all ,abt pipapava ipo if any one scared abt -ve PAT and concluding bad fundamental then it is not so coz if company involve in expanssion or aquisition then ofcourse PAT will will be negative. So in my mind v can invest if market signal is strong in next 2-3 days.

189 sj

IS NOT ME.....i have not said that it is an avoid...!

I made some analysis on GPPL IPO and finally came under a conclusion to avoid the issue as retail investors will definately face a loss on listing day itself. The fundamental of the company is very poor and hope it might suit for people who wanted to invest for 5-10 years.

if QIB INVESTORS SUBSCRIBE AT RS 45 AND THEN IT IS WORTH FOR LISTING GAINS
OTHER WISE SUFFER
OPERATORS WILL ATTACH ME
AND SUB BROKER WILL CRY AS THEY WILL NOT GET COMMISSION FROM IPO AND COMMISSION OF SELLING THE SHARES FROM RETAIL INVESTORS
THIS IS HOW THE CHAIN WORKS
MY FRIEND