Shree Ganesh Jewellery House Ltd IPO Message Board (Page 1)

BENGALI BHAI KIDHAR HO ? SGJHL KI IS RALLY KA KYA TARGET HAI ?? IPO OFFER PRICE TAK JAYEGA YA NAHIN ?

Shree Ganesh stock is very attractive (refer 1044 dated Jun 6,2010) still one can take entry at CMP Of Rs 147 with strict stop loss of Rs 142. We have no option but to rely on promoters. I have applied for 3 forms on recommendation of my broker and my broker is still bullish.

yaar mere pas bhi 300 share hai average price hai 180, ab lagta hai nikal jayega........

Lagta hai murde me jaan aa rahi hai.

JITNA MARZI BOL LO MAIN AUR MERE RISHTEDAR,PROMOTERS BIG FUND HOUSES HAVE ALL EXITED FROM COOMPANY. YEH STCK KO MEIN 70 RS PAR LAONGA. ABHI LOGON KO AUR PHASAONGA

Hi friends,

I have 1400 shares of shree ganesh jewellery,

It seems that the company has declared dividend of 20 % which means 2 rs per share.

If i sell it today (14 June 2010) will i be entitled for the dividend.

Pls advise.

Regards

Should We Follow Analyst Recommendations?

Analyst recommendations come out just about every day for one stock or another. Three borkerage-house give BUY call, one brokerage-house gives SELL call. This makes it hard to compare one Brokerage firms rating on a stock with another Brokerage firm rating.

When you hear Analyst recommendations about a particular stock, don't let your guard down. To help protect your hard earned capital, get used to doing your own research to follow up on specific Analyst recommendations and make sure you agree with the ratings.

While stock analysts do play a useful role as an information source, investors are discouraged from relying solely on this information in making their investment decisions. In many cases, conflicts of interest exist. The fact that analysts, or their firm, may face a conflict of interest does not necessarily mean that the stock analyst recommendations are flawed or unwise or useless. And yet, don't rely solely on them for your investment decisions.

Research reports can contain some great information, but use them only as a source of data that complements your research, rather than completes it.

Truly good, free investment advice is about as easy to get as a truly good, free lunch. If it's free to you, it was probably designed with someone else's interests in mind. Sometimes, chances are, you'll have to pay for it. Before you invest, investigate.

Do your own research. Develop your own system for buying or selling.

DEAR 1051 : ALL BROKERAGE WERE ALSO VERY POSITIVE PRE IPO ISSUE AND I AM GLAD THESE REPORTS ARE STILL VERY GOOD AND POSITIVE THE ONLY THING NEGATIVE IS YOUR INVESTMENT VALUE WHICH HAS FURTHER SHOWN INCLINATION TO MOVE TO RS.65/- RS.70/- AND WILL BREAK ALL RESISTANCES TO REACH ABOVE MENTIONED LEVELS . WISH I SHOULD PROVE WRONG BUT THINGS DO NOT INDICATE SO.

1051. K.K.Natarajan

Historic / Trailing EPS & PE is not wrong. But forward / expected EPS estimate could be biased or wrong.

Even if the stock is cheap, sentiment also plays important role. Technically, it should cross 130. But, remember, technical analysis also could go wrong. Stop-loss is important.

As the stock appears cheap as per my home-work, one can remain invested.

1050. Ravi, Bangalore
In addition to brokerages reports, there is one solid positive for SGJHL which is:
CARE has revised the rating of the short term banking facilities of the Company from existing 'PR1' to 'PR1+' (PR One plus). Further the rating for Short Term Debt (STD) programme (including Commercial Paper) has also been revised from existing 'PR1' to PR1+' (PR One Plus).
Investors can trust CARE rating agency. This scrip is available very cheap and promises good returns. Investor has to take risk in stock markets and risk at current rates look very little as compared to potential of appreciation.

Ravi, Bangalore,
Opinions of brokerage houses about a company may be wrong and biased, but will the EPS and PE ratio also be wrong?

1049. K.K.Natarajan

1. Common investors have to rely on brokerage house reports & there is no gurantee that the information is right. On many occastions, analysts have vested interests. Even we can't blame them, as investment advise is not social service. There is no free lunch.

2. Assume that your information is right, if script moves only on fundamentals, then it is easy to make money for everybody. People will stop working. Money making will become so easy that it is easier than printing curency notes!

My view is I read few brokerage house reports & as per that it has great value at current levels.

Thangamayil (issue price 75) with an EPS of 11.72 and PE of 9.24 touched almost 125 today. Shree Ganesh (issue price 260) with an EPS of 34.67 and PE of 3.29 is trading at 114! What is the logic? Can anyone explain?

Sir,
At sl.no.1047 I misspell the company name instead of Ganesh Jewellers i wrote Goenka Jewellers. Inconvenience is regretted.

Sir, I purchased 100 shares @168/- of Shri Goenka Jewellers at the time of listing but it is running at 110-120 price rate eventhough the gold prices are very high and its march qtr.result is looking good. Can you tell me how much time it will take to cross 175/- in market.

1045. Sanjay You will not be entitled to dividend if you buy the share after BC has started.
You must check ex-Dividend date (which can be before BC start date but not later than that)for dividend entitlement.

Sir,
Can I buy Indiabulls finance co.shares in between BC Start and BC close time i.e 7.6.10 to 14.6.10 as they are giving Rs.5/- dividend. If I buy it tomorrow can I get the dividend.

Shree Ganesh stock seems very attractive loooking to earning capabilty of Company, currently traded at around 120 which is at 4 PE, another thing is as gold price have gone up their margin will also soar up for Q1 FY10, accumulate with stop loss of 108

I have baught Cybertech Systems and Software at 18 yesterday. It is poised to multibaggaer within next few quarters.

1039. K.K.Natarajan

I have subscribed many tips watching ad in financial magazines, web-sites. They will boast of huge profit for subscribers. I lost money by subscribing them.

I followed fundamental analysis reading financial magazines. Then also, my portfolio underperformed the markets. This is in 2003-04 period.

Now, I read 3 - 4 brokerage reports before taking any fundamental call on any script. For technicals, I have unique system - Historic Charts in NSE website, Pivot / Fibonacci Scales & developed my own trading system. I tested in live market situation & it clicked. Hence, stopped subscribing tips.

The problem is I have no automated system to tell which stock will give good returns in next one month. Hence, I refer financial magazines, web-sites, watch TV for buzzing stocks & do technical analysis for those stocks.

I don't get any benefit if anybody trades or ignores. Nobody will offer any monetary benefit if they gain or I don't compensate any trader if they loose by acting on my opinion.

If I know 100% sure-shot calls, then I stop working. It is upto investors to make their own home-work before acting on any stock ideas, not only mine, but also any TV analysts.