Shree Ganesh Jewellery House Ltd IPO Message Board (Page 12)

Anil,
You rightly mentioned that there is no logic in markets falling from 21000 to 8500 and then to 17000.

But people who sold at 9000 or 10000 might have been regretting. Teh sentimaent changed after they sold.

I am not saying we are at the bootom for SGJHL. But surely with 620 crores as FD can we expect this converts to a cash of 100 RS per share?

The amount collected from IPO 300 plus croes might definitely should offset the burden from their debts.

Considering the profits in last six months ( 15 rs - 20 rs per share), with ignoring rest of the positive or negative factors the cash component itself is 120 Rs per share.

So to me it makes more sense to wait for some time before taking a call to sell as a bounce back looks more likely then further down.

Similar to people holded at 9000 sensex until reaching to 15000.

Anil,
Thanks,
You have no more supplement questions about fundamentals of company.
Scrip is bearish mood,but there is no proof of management a CHOR. Since 96% revenue is from export management have to bring that amount in dollers otherwisw to face FEMA. Company is so far 3 star rated export house,but after publishing of audited result will be awrded 5 star rating export house since year 2009-10 export excced 2500 crores, meaning import gold withought goverment permissions.

Hi Anil, I am not asking you any irrelevant questions...i am actually trying to prove speculative nature of market...you only committed certain targets like 80 in one month and 25 Rs in one year..i just asked you how you came to this figures...if you come out with certain figures then there should be some aritmetic support...as already given by HIRO and RAKESH there are many positive factors which are ignored...i agree that price is coming down since ipo relase but how can it be proved that management is bad or comapny is fraud...people like you should not give false information...talking about fundamnetals you are right ...in falling market no fundamentals hold true...same is with shree G, it is falling ...dont know why it will rise dont know when...same as market went down to 8500 and climbed back to 18000...

Hiro I was replying to questions asked by Lina which were actually irrelevant so that was intended to ask questions to her .
As per Lina everything is calculative and should be proved arithmatically which does not make any sense as there are no fundamentals in stock markets.

can anyone explain how market went from 21000 to 8500 and then back above 17000 so quickly. there ar no fundamentals. Miss Lina.

Shree Ganesh Jewellery is a bad stock and the worst Ipo this year and it has all the bearish signal to drag it further down always.

Corporate Announcement
Scripcode : 533180 Company : Shree Ganesh Jewellery House Ltd View All

Shree Ganesh Jewel - Board to consider Dividend | 10/05/10 17:56
Shree Ganesh Jewellery House Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 19, 2010, inter alia, to consider and approve, the audited accounts of the Company for the year ended March 31, 2010 and to recommend dividend, if any.

Anil 832,
You are replied your quaries properly by 833 Hiro and 835 RAKESH. If you accept replies then ignore, otherwise you can submit counter questions, which will be replied properly in this forum.

REF 832 ANIL

WHY IT NEEDS MORE DISCOUNTING THAN GITANJALI GEMS

1. RONW GETANJALI-6.70% GANESH 41.60%
2. TOTAL(SHORT & LONG TERM)LOAN BY GITANJALI AS ON 31-03-09- 1275 CR BY GANESH RS.350 CR
3. EQUITY OF GITANJALI- RS. 81 CR GANESH RS.60 CR.
4. EPS GITANJALI - RS.15 GANESH RS.28

There are other reasons also which qulifies ganesh for better discounting. But its true that in short term any script is driven by sentiment and not fundamental. So dear bears enjoy as long as this script is driven by sentiment and operateres.

maine toh aaj iske saare share bech diye 124 par kafi loss hua mujhe lekin sar dardi se peeche choota.

aaj market itni strong thi 575 point up lekin yeh stock toh phir bhi neecha agaya. aa thuuuuuu

SGJH has less showrooms than gitanjali because it' 96% revenue is from export. Ans for export show rooms are not necessary.

you then prove why it deserves market cap of more than 650 crore or you think it deserver more market value than gitanjali gems.

i can show you good brand jewellery from gitanjali gems do you know anyone wearing brand jewellery from shree ganesh jewelley. sur you dont know.

explain to me why it deserver market value of above 900 crore that is for gitanjali gems,
tell me how much debts shree ganesh jewellery have,
tell me why you think i deserves more market value than 650 crore. you have not answered

I am not Donimo or pizzahut..btw jubilient belongs to Domino pizza...i think you have jumbled about something...what i am saying is 80, 50, 200, 300 are all some imaginatory values...nobody should boast if any of the price is achived unless with concrete arithmatic
support

precisely this is bull n bear game ...so in shree G case too it is nothing to do with company as it is presently in bearish grip...again you are just going round and round...i am still not cinvinced why it shoud have 650 crore Mark Cap...how did u arrive at that figure...point is 80 is your dream price, likewise 300 some people's dream price...and on this force market runs...dont be overconfident because someday somebody's dreams are shattered while somebody's freams are fulfilled...please dont misguide people to support your ego..come out with proper calculation and facts...

Lian what logic are you asking .does stock markets work on logic. if yes you must be sitting in huge loss.


please explain jubiliant foodworks trading at 325 on p/e of more than 80+.
sel manufacturing trading at p/e of 2.51 whreas all large textile companies at p/e of 5+

this is bulls and bears. stock with bulls grip will keep heading upwards.

however even if you take p/e standard gitanjali gems is having market capitalisation of 980 crore p.e is 5.5 and is having excellent business model and pan india presence.

shree ganesh jewllery business is quite cyclic and not have great branded jewellery so for me it should not have market capitalisation of more than 650 crore and its trading at 880 crore market capitalisation .

short at 124 ..point noted...now what aabout value 80 and its logic..?? why not 50?? or 25 in one month?

fyi i have short again 1500 shares at 124 and will always do and i have not lost money single time since shorting this stock.

have short this stock 5 times and now sitting profit of 3.5 l .

Anil dear you still have not answered me...logic for value 80 please

How can one claim that 4900 lakh profit quarterly company has generated is fake? Has his contacts with company's account department personals or auditors office?
Audited result is mandatory published before 31st May 2010, if Auditor also support unaudited result, we doubt also Auditor?
If quarter after quarter company declare good result then too we suspect management because scrip is bears hands? Nobody prvents any one from shortselling it is an art and profession for many. Let shortseller do their business.

Talwalkar effect will improve shree ganesh sentiments also...watch for 20% circuit on this counter...there is a strong buying buzz all over the market for shree ganesh ...watch out

Champa,
U will never get ur principal back, dont go so much sentimental, it is corporate world everything we have to bear.
Refer Bahadur comments, he has given a new definition for IPO.

so investors dont panic and wait for dust to settle