A leading FPI/MF HAS BOUGHT 6,00,000 SHARES @ 1600, SO WAIT FOR A SHORT PERIOD, GOOD LONG TERM INVESTMENT, PLUS ANCHOR INVESTMENT DONE BY LEADING MUTUAL FUNDS @ 1650/-
If you not sold it yet, sell it now and book loses against other STCG. You can buy it at a lower price and hold it for a long time. I do no see any significant upstick in near future.
@Gamble ji & @ Septa Ji What to do about IEX sell or hold. Will it cross it''s issue price within 6 months ?? Pleaese provide your valuable reviews & Thanks in advance.
Book loss though company in power sector which is mostly not rewarding, look Suzlon worlds best company IPO 900 now available at 12 which will go to 5. IEX is in niche segment like MCX, BSE, NSE, NCDEX, Gold bonds. Sell now buy near 1000-1100 sell again at 1350-1400.
807. P M| Link| Bookmark|
November 16, 2017 6:02:02 PM
(1100+ Posts, 1100+ Likes)
Friends after the poor listing and the consistent performance of this share in going down could anybody suggest a good time enter this stock. Its a good company with great growth potential and I believe its a gud''un to have in your portfolio.
Experts @gamble, @septa, @eagleye any valuable suggestions please on this? Thanksa lot. Cheers
I also feel that Khadim had a surprise element in its listing compared to Insurance companies. There are still money is to be made from leather, rubber and PVC in India compared to Europe where stringent environmental safeguards are there. Look how specialty chemical companies took off in India when stringent norms were brought out in China. Disclosure : Got 1/1. Yet to research the Company. I am only talking about the surprise element comparable in cricket to Hardik Pandya when Virat and Dohini still around!!!
803.1. MickeyP| Link| Bookmark|
November 9, 2017 11:15:14 AM
(300+ Posts, 500+ Likes)
At present, foreign corporate bodies together hold 22.9% in Indian Energy Exchange (IEX), which accounts for over 95% of the exchange-traded electricity market in the country. Two of these investors — Westbridge Crossover Fund and Rimco (Mauritius) — hold 4.75% and 4.5% in IEX, respectively, just below the 5% threshold allowed for each foreign investor.
The finance ministry’s opposition comes at a time when the short-term power market, in which exchanges have a sizable share, is expected to rise at a compounded annual growth rate of 20% between FY17 and FY22, according to a Crisil report. As such, the share of power exchanges in short-term volumes market has more than tripled in the last 7 years — to 34.5% in FY17 from 10.9% in FY10.
803.2. MickeyP| Link| Bookmark|
November 9, 2017 11:16:07 AM
(300+ Posts, 500+ Likes)
The finance ministry’s opposition comes at a time when the short-term power market, in which exchanges have a sizable share, is expected to rise at a compounded annual growth rate of 20% between FY17 and FY22, according to a Crisil report. As such, the share of power exchanges in short-term volumes market has more than tripled in the last 7 years — to 34.5% in FY17 from 10.9% in FY10.
Seems the IEX quarterly result couldn''t generate any interest in the stock. Key highlights of the result :
1. Indian Energy Exchange reported 8 per cent increase in its standalone net profit to Rs 32.65 crore in the quarter ended September 30. 2. the company''s total income was Rs 61.09 crore in the quarter under review compared to Rs 61.87 crore in the same period last year. 3. The revenue from the power business rose to Rs 55.81 crore in the quarter from Rs 50.79 crore a year ago. 4. Its standalone net profit in April-September period this fiscal rose to Rs 64.03 crore from Rs 57.91 crore a year ago.
Surprised at the way market treated IEX , Dixon and Pratap Snacks , even though IEX had a VERY GOOD PAT and second best EPS & P/E among the three. IEX Slowly moving towards IPO Price Dixon currently below the listing days low Pratap Snacks moving towards listing day low Stock----------------No of shares----Value(Cr)--------PAT(%)-----IPO Price/FV--No of times sub-------Listing(H/L)----------Current--------EPS(FY17)-------P/E IEX 60,65,009 1000.09 47 1650/10 2.28 1660/1500 1592.30 37.78 43.6X Dixon 30,53,675 599.30 2.8 1766/10 117.83 3024/2725 2685.35 45 39X PratapSnacks 36,27,518 481.94 1 938/5 47.39 1318.80/1133.70 1173.60 4.77 196X
Good observation TheGreatGambler! Thank you for sharing this.
IEX will announce results on 8th November. Dixon will announce results on November 14th. Prataap snacks board meeting date is not yet finalized. It would be interesting to see how these stocks move after announcing their first quarterly result post listing!
As per latest investor presentation uploaded on IEX website. IEX paid rs 45/share for the last financial year(10 rs interim + 35 final). IEX paid the final dividend of rs 35/share in the month of august 2017 to its previous shareholders. so I`m not sure if they`ll announce any interim dividend now.. but let us see, hoping for a good result...
Dear MickeyP : is there any sense in comparing the dividend before and after the IPO. Before the IPO, the promoters and venture capitalists were taking out the profit in the form dividend. Now their holdings and lesser, so naturally the Board will recommend lesser dividend this time. Mark my statement.
Dear Mathews, thanks for your views. As I posted earlier I''m not expecting any dividend in this quarter and also I never mentioned that they will pay good dividends like they used to do before IPO. I just posted the fact that they paid rs 45 dividend in the last financial year, which I got from investor presentation. Thank you.