Jyoti CNC Automation Limited IPO Message Board (Page 27)

Since Pre ipo placement done, can we expect ipo in a month or it will take longer.

@CB

2nd part

What value it has :
1. At this time LIC has 49 lac cr assets keeping it's enormous property in book value.
2.There is clear demarcation between policy holder's amount and share holders part.
3.Out of this , 43 lac cr is policy holder's liability. Rest amount belongs to policy holder.
4. While going to understand the value of a share , we see it's eps , p/e, BV, ROE , ROC etc.
But for insurance shares as a class we don't get this elements. So all are either zero or infinity.
If you have any doubt, Go to BSE site and you will find those items for all shares except insurance shares.
Then how you will see it's value or compare it with others.
5. If you divide earning by price,you may get p/e but it has no recognition.
In this way ,LIC's p/e is about 13 as eps is 65. If you study the p/e of other life insurance companies ,it is between 60 and 80.
6.Book value of a share is more important than p/e atleast for long term investment in a share.
Now, what is the book value of LIC share ? You can only get a reference from the RHP at the time of IPO. According to it, BV is 12.01 and eps is 4.01. We can recollect the hue and cry at that time that p/e is 250 etc. Then , you can't find BV but one valid question . I am not in know of any miracle in between that eps has come from 4 to 65.
7. If you want to get a bird's eye view of it BV , you are to look into some valid aspect.
Market cap of LIC is about 5.3 lac crore and EV about 5.7 lac crore. For arriving at EV , you have to invariably get the market value of properties .But LIC has not done it till date. Market value of it's properties which is kept in book value may be itself more than it's market cap/ EV.
Nobody knows the actual figure.
8. More surprising is the BV of 12.01 in RHP.
LIC is the custodian of fortune amassed by the pvt companies for more than 100 years + Monopoly LI business for 45 years +New era business for 22 years. Inspite of that BV is 13.01 but one year notional eps 65. How possible?
9. Again as per RHP , Policyholder fund is 35.93 lac cr which is sub divided into 24.57 lac cr for participating policies and 11.36 lac cr for non participating policies. Some months ago the news came in the media that about 2 lac cr excess is found in the second fund of 11.36 lac cr and it will be released for shareholders. Moreover, the frofit from the said fund is being enjoyed by the share holders.

10. Forget all these aspects and try to find out the name of the company which has been the largest beneficiary of this prevailing PSU and other shares bull run. Recovery of Adani shares also have given some relief. As per different reports , only in this year LIC's gain in share market is in the range of 2.38 lac cr to 2.85 lac cr. You may yourself engage in the matter to find out actual value.
11. On the basis of the above aspect, You may get a glimpse of notional book value.
12. I know one thing , price of a share often does not go with its value. But where there is a value, it
must be seen in the price some day.
13. I think, people may take 4/5years more time to understand it's value.
14. This share is not for any short period. People who have confidence in it's value should contine others who are for short duration should exit. There are many other shares in the market.

Disclo : I have 453 shares with average price 616 (with trading adj)
I have bought 125 more at 762 in this tide.Will not sell any.

Thank you,

Hi bro wanna ask one think if we don't see PE roe roa then what we check for insurance company? Can we judge insurance by bv only.
2 why the bv of the land is not calculated?
3 how much would be bv according to you of land?

​@Harsh Newguru 
As you can't get , you can't compare and there is nothing much to compare at all . Hence better pvt insurance companies be avoided.
2. Not known
3. Most probably you have wanted to know the market value of properties. It may be five to ten lac cr over the bv .
Thank you

​@Asoke sarkar Bro all points are right but 2 months back when lic was at Rs 600 no one was interested I had lowest point 530. No one institution invested then. Me to was doubt to invest. 2 years it just fall and fall. volume was like I am dead share and we called it WSIL.(Worst Share India Limited).
Last month it rallied like nothing. All PSUs at high which I think due to election.
For lic even though mps relief is given govt will sell ofs above 1000 only. I think after election we can expect a ofs for lic. 3.5% dilution caused it to become biggest ipo. Then still major is remaining.

​@Asoke sarkar @newgen consultancy @CB I think something fishy going on. I it has too much positives then why was it treated like that. No institutional fii dii invested even though road show was done. I had seen -30% because of lic. I not average at all seeing the condition. Compared to peers is should be at least above 2000.
And rally comes when election and all PSUs when you like rocket. Market making ATH after the 5 state elections and BJP wining. Let's see what will happen with lic. In bull run all logics work.
Please share your views.
Need your response

@harsh, good one LIC = WSIL...

I think LIC should consider to rename itself as WSIL...

As long as LIC loosing market share towards private insurance players, nothing......to watch for.
DIIs and govt. Backed institutions are artificially created demand .

Why SEBI and govt. Giving relief to LIC?
Why LIC came up with only 3.5% equity?
Why no one(including DIIs) didn't support @530 levels?

Assets of lic are higest in terms of numbers but as equity holders we should value LIC with it's insurance business only

LIC is good @2035 year, not today (if it will survive!!)

We just can't ignore political angle to the rising price of LIC as share market is in focus of opposition ( adani case , disinvestment and recent news on SAIL ) govt want to avoid making it an issue in election as with increasing retail VOTE BANK , which too big to ignore, they would want to see LIC kind of shares coming to at par atleast before election to make an exit for retailers . You must have noticed how IDBI and BPCL, NSDL divestment were put in deep fridge ( atleast look like ) as Adani episode was a precursor to what opps have in their bag to expose . I do see it crossing 1000 in 2024 for sure as it is sleeping elephant who will get better rating sooner or later.

I think it's 15-20% listing candidate.
And not for short / long term.

​@newgen consultancy 
Sry for non related query.. but will be greatful if u can help.
I had bought DECCAN GOLD upon someone's recommendation.. but now I feel it's a operator driven stock. Can u please guide?

​@Tejas Pandya @Hope is life will the markets react positively?

Ask broker basic account they tell the details
But compare with normal accounts in this accounts charges are little bit high

Tell your broker to open BSDA (basic service demat account) account. If your portfolio value goes above 50000, you will be charged annual AMC..

Try Prostocks
Almost zero charge with good service

ProStock looks unprofessional.. Lala company no ethics .. how was your exp guys
Please tell.
I want to open 2 accounts but proStock is charging 1000 rupee as deposit…
Guys please confirm ? Does pro stock is good broker?
RatnA

Go for groww or angel no account opening charges. I use both. for IPO only , groww is best only issue is that they doesn't provide pre-open session trading otherwise 10/10

​@govisi I'm personally using dhan & fyers both doesn't charge any amc and no charges on delivery also
Charges only on intraday which is flat 20rs
​@Prince 🤴 Angel broking has amc 30 per month, they charge only if you do any transaction( buy sell)

​@Prince 🤴  Angel charges for less than 5 months is 118rs

​@newgen consultancy  sir,

When there is no IPO in coming 5 days.
Can you please tell some fundamentals to find quality stocks.
It will be helpful to us.

If looking for 5 days go as per chart.