Shree Ganesh Jewellery House Ltd IPO Message Board (Page 13)

Q: What is your game plan on running the proprietary book because you have also been nibbling at the primary market recently you were an anchor investor in Shree Ganesh Jewellery, that doesn’t sit very well with a strategic blueprint of a lending institution that IFCI is picking up small stakes in smallcap companies?

A: There were too many options before IFCI. There would be something like expert skepticism about IFCI, on the other hand if you watch our results and so on and so forth, you wouldn’t find too much of an adventurism. The basic point is pure lending in competition with the banking system who have a much lower cost of fund cannot help us to maintain our bottomline. So we have to look at situations maybe medium-term, maybe one year to three years kind of openings where we can take some kind of an exposure in equity and in those instruments where there is an upside.

Therefore we have been nibbling but it is not nibbling, we have been looking at the kind of entities with whom we had a relationship, the one you mentioned was one of those and there are others where we have developed relationships over the recent past. So in these cases we are looking at equity partly to make up for the client of disadvantage at which entities like us suffer when we do what is called plain vanilla lending. So it does fit in very well in terms of meeting the bottomline considerations as well as in terms of what one might call our relationship networks and so on.

Anil just once logic why 80 and not 90 or 75...what is your calculation...what are the parameters you take when you say its target is 80...in bearish grip it is going down and it is as simple as that...you done know when it goes into bullish trend...lokking for wise reply on this..saying that it will reach 1 rupee or comparing it with some other stupid companies is not called as analysis...

guys i think you are asking too much.
this stock will never come to issue price in 100 years.

if the market reverses trend then also maximum price it can get on is 150 that too chances are less.
but there is great chance of it falling further and immediate target of 80 rs 99% chances only 1% chance that it can reach to max value of 150 is if market reverses trend and cross 18000(but would not happen in near term)

i would like to bring to your notice that those who say it has profit of 49 crores. do they know what profits were decalred by vishal retail and dhanus technolgies when they came in after and before the ip0 listing

vishal retail had profits of 50+ crore and dhanus profit of 20+ crore both trading 90% below issue price now and have huge debts.
does anyone knows about how much debts it have in books without looking at profit as i believe next year it will come in huge loss.

if there is 99% chance of it going down at 80 rs in near term if anyone thinks its better to sell all your shares of shree ganehs jewellery and try to recover your loss buy buying good managed companies which have come down in these 2-3 days

172*260 = 44720 issue price
172*120 = 20260 current price
There is a loss of 24080, it is hard earned money, even it contains 25000 Personal Loan and remaining from my personal savings, really i have become mad at current situation, i can only tell that god will definately punish this fraud management people, my curse will not spare them, it's true.

Dear Champa,

Sorry to say you, this shares will go less than 100 within a one month time, sell it now to avoid further loss. (Chor Company)

bye

Hiro,
Will i get atleast my principal amount by another one year mean atleast the share will trade to its issue price, i can hold for another one year, i have 172shares*260Rs Each

The so called expert analysts are not coming out with a convincing reason why this script is going down.
If management is so bad will the credit suisse will involve with that company?
So many people recommended to apply but no real reason fo the down trend is coming out. All are only telling their perceptions and no logical proof for the down trend
Now the equity master is recommending sell without giving any valid reason.
Really at a loss to understand what is going on.
The investors are taken for a ride and even now there is no clear picture.
God save the retailers.

Lot of people are proffesional shortsellers. They earn lot of money by shortselling and covering at right time. They earn money not in thousands - lakhs butsome times in crores. But I have not heard them beating drums.

Hi Anil,
I also agree with bahadur, will i get atleast my principal amount by another one year mean atleast the share will trade to its issue price, i can hold for another one year

Anil,
You are correct, the day company is listed price is coming down. Every one knows it.
But freind, my question is WHY price is coming down inspite of 4900 LAKHS rupees PROFIT in a quarter?
If management is CHOR then how profit is 4900 lakhs? What is proof or example that result declared is manipluted?
May be share price may come down further, because of weak bearish sentiment in scrip and market.
What if after exit sentiment and trend change?

Shree ganesh jewellery is a fraud company, i was not knowing it and applied for IPO but now iam suffering a lot.
IPO is not Initial Public Offering, it is Initial Prostitution Offering where management will make money by offering their lady family members to the public.

Hiro kya kaha tha maine shree ganesh jewellery se abhi bhi nikalja bacho yeh stock 1 mahine se pehle 80 rs par aajayega.
yeh company choro ki hain.

infact rnrl bhi chad jayega agar kuch settlement hojati hai aur ambani group ka stock hai .lekin shree ganesh jewellery ka shree ganesh hone wala hai.

yeh company toh 1 saal baad delist bhi jojayegi.chor company hai jinko nuksaan hai woh bacho isse aur jaldi nikalo warna jo aa raha hai woh bhi gawa doge.
akal lagao aur sahi decision lo. maine is stock ko 180 rs se short karne ko kaha tha par tab sab has rahe the.dekha ab is stock ka price.

target for monday short shree ganesh jwellery at 121 with immediate target of 110 and then 95 rs.

Market is coming down for reason of international reasons, RNRL and other Anil group companies come down for supreme court judjment against. But ever since listing SGJH is come down, but we share holders are not aware about any reason. Quarterly result declared and net profit 49 crore rupees, inspite of that in bearish trend, will some one PROVE about poor fundamentals of company. Please no allegation withought proof.

bangadu aaj agar RNRL short karta to kitna kamata

good to hear renu you are with me and intelligent person to short this stock.

yes you will see level of 80 rs soon now even before 1 month as advised earlier.

please keep short in this stock and earn.enjoy

Thanks Anil your advice have always been great. i have also started shorting this stock regularly and earned good money.

although you have said that it will reach 18 rs which is too less but if you saying then i amd confident and agree with you.

if it has to reach 18 rs i think everybody should sell this and short this and have courage to do this

short shree ganesh jewellery at 125 target of 80 rs and further dip to 25 rs.

those with long term investment can enter stock at 18 rs after 1 year.

Harish ki writting style same Anil jaisi kyun hai?? hahaha

Anil do you have or had any investment in Shree Ganesh.

lata,simran

dont compare thangamayil jewellery with shree ganesh jewellery.
thangamayil was only 28 crore issue and shree ganesh jewellery si 400 crore issue size.
market cap of shree ganesh jewellery is still at 991 crore.

it will fall further to 80 rs.mark my words in 1 month . check after 1 month.standard chartered and bentee and coleman have exited position at 169 whereas no one has exited from thangamayil.

80 rs after 1 month but still target after 1 year is 25 rs.