Hindustan Aeronautics Limited IPO Message Board (Page 9)

@ Navkant

Sounds good! But the real ''nation builders'' were the GIC, NIA,NMDC,NFL investors...HAL investors still have some way to go before snatching the honor away from them........This HAL ''right now'' looks Okay to be true.

But times are such that we have Anil Ambani''s ''Reliance Defence'' securing a huge Rafale contract. Something which reminds one of MTNL. A company that once had a massive, massive economic moat. But then Anil Ambani''s Reliance communications came out of nowhere and rose to the glory while MTNL got perished.

It would very interesting for the PSU investors to know what exactly caused that to happen...What actions led to MTNL''s historic woebegone debacle....

LIC never fails to find tremendous hidden value in every single offering by this promoter.....

Looking at the pattern, I don''t think.LIC needs an expert to manage their investments anymore .......They should simply hand over their trading account password to these promoters so that they can subscribe to their own offerings without bothering LIC ...

And yet no one complains against LIC for destroying their portfolio. Is it policy holder''s money?

@. Navkant

One or two bad decisions could be overlooked..But this has now become a everyday story...It''s high time the LIC act be amended...

If LIC is not allowed to participate, all these IPOs could be priced sanely... But the change won''t come about unless the investors retaliate by ''Not applying'' and refuse to feel betrayed like they did after NIA or GIC...

Yes, why in 2013?

typo. it is 2023.

IAF has “firmly committed” to 123 Tejas jets at present, which will come at a cost of over Rs 75,000 crore if both developmental and production costs are taken into account. But it wants the next 201 Tejas Mark-II jets to be “entirely new fighters” with much better avionics and radars, enhanced fuel and weapons carrying capacity, and more powerful engines, say top sources.

LIC will come to bail it out :)

Wohi hoga jo Nia, vice, bdl ko Hua tha. Public ka money public sector ko jaiga.

Wahi Hoga jo manjure hni hoga.......bcoz if hni comes ipo hit.....

EPS:78.1, P/E:15.9, P/BV: 3.3 assuming issue price of Rs.1240

Financials are very good but there are some downsides:
> Heavy dependence on defence contracts (Indian Defence Services contributed 93 percent to FY17 sales);

> Delay in project implementation (owing to regulatory approvals/technology transfer);

> As the defence contracts are not always fully funded at inception and are subject to termination, inability of HAL to fund such contracts at the time of inception or contract termination could have a material adverse effect;

> The Government’s significant influence over the functioning may restrict HAL''s ability to manage its business;

> Overhang of losses in certain joint ventures and subsidiaries;

> Unfavourable outcome of an ongoing dispute with the MoD of Ecuador relating to the termination of helicopters supply contract may adversely affect HAL’s overseas revenue;

> Company may be adversely affected by sanctions on Russia, as many of the projects are done through transfer of technology from Russian OEMs, and company rely on Russian suppliers for support of these aircraft.