Shree Ganesh Jewellery House Ltd IPO Message Board (Page 20)

yes TR, i agree... seeing the price at 80 should give me much pain but that is aworst case scenario...i will be angry not because it went to 80 but only because I could not time it..but surely I would have invested same money with more shares in my kitty ...but i would have waited for the price to reach 300 in any case...anyways lets wait...about promoters being chor as some people here are saying...i dont agree at all...they published everything about company status n prospectus...they did not beg to put money in ipo..that was investors choice...as sombody said, it is not good to blame promoters of the company just 1 week old in share market...i agree TCS and NTPC are of different genre and can not be compared with any second grade stock like SGJ..SGJ is typically a high risk high reward stock and it will surely give handsome returns for next 5 years...after that it all depends on market in which it is operating in it...

@681 TR
How did you arrive at this conclusion that the management is chor within one week after the listing of the share.

This is a limited review result. Final Audited would be announced BEFORE 31 mAY 2010. I assume company would declare dividend then.

domiru. i am not sure but how are you so confident makes me surprise. if a stock has reached from 270 to 154 rs in few days of listing then defintely there management is a big chor who would sell there shares even at 150 rs.

this company will run away with all your money after 1 year and you will not even know they existed.

standard chartered sold all its stake at such a big loss at 169 and made an intelligent move as see the price now. it will further put pressure on the stock and it will definitely reach 80-90 level soon.

i pity on you if you bought 1000 shares at 165 as you already lost 12000 bucks and what will happen when you see price of 80 rs going forward.

CHECK BIG CHOR COMPANIES DLF AT 315 SUCH A LARGE COMPANY AND NO BUYERS BECAUSE ITS PROMOTER KP SINGH IS A BIG THIEF EVEN THOUGH ITS LARGEST REAL ESTATE COMPANY IN ASIA. THIS IS BECAUSE BAD MANAGED COMPANY EVEN THOUGH GOOD PROFITS WANT TO MAKE PEOPLE BEVKOOF.

INSTEAD CHECK TCS AT 820 ITS AT ALL TIME HIGH REWARDING EVERY INVESTOR AND TRUST OF INVESTORS
MY ADVISE WOULD BE GET OUT OF THIS STOCK AND BUY SOME GOOD COMPANY WHO REWARD INVESTORS LIKE RECLTD,TCS,NTPC,POWERGRID

Hi TR and others,

as i hav been saying current price has no meaning untill it finds some base.. wheter it goes to 100 or below depends on semtiments...free float is very less...promoters are holding a large stake..they may not want to interfere in market force mech untill the valuation is threatening them...there is no point in comparing with other ipos or stocks..it seems a good cpmpany..thats why i bought 1000 at 165...my calculation with last 8 years of experience says that this stock is in full grip of low hands...poor investors who invested in ipo are succumbing to pressure and my snese is that they are selling in panic...u can gauage it by seeing messages in this forum...i am confident that this will stock will go beyond 200 in near term...btw I had invested in vishal retail in ipo and gained a lot..i sold it but nver thought that it wll end up miserably..about vishal retail i still feel it was a good company only mistake was that promoter should have controlled his pace....

SORRY SGJHL IS NOT GIVING ANY THING TO THE SHARE HOLDERS AGAINST RS.40 EPS THEY WANT TO GIVE ONLY RS.1.50 TO SHARES HOLDER AFTER TAKINGF RS.270/-FROM THEM. THIS REQUIRES DEEP THINHING BY INVESTORS

Where is Q3 and Annual results?

Where is Q3 and Annual results?

Just out. Qtly results of SGJHL for the qrended March 10. Sales Rs.869 cr, QRTLY NP : Rs. 50 cr Qrly EPS : Rs 8.50. Annual EPS will be abt Rs 35/-. Not bad ?

668. K.K.Natarajan

Check fundamentals. If it has value, then it can't fall so much. It could hold first support or in case of steep broad market correction, it should hold second support.

Even in my meesage no. 667, data insufficient to project medium-term targets. Minimum one-month data required to project medium-term target.

Don't panic. First, you need to check fundamental value. Whether it has value left on table at curren levels? Ensure that. Check from 3 or 4 sources and take your own decision.

First, set your target. Based on that target, take 1/3rd risk (stop-loss).

current news : sgjhl may fall upto 70 % as public is buying shares and prometer comany ko kuda kar cash nikal ke bhaag jayega aur 2 se 3 saal baad naye compny bana kar list karane ke chakkar me hai.


thanks

Domiro check a few ipo price now of all bad management who were considered having good profits to loot public at that time

Bluebird issue price was 108 rs now ruling at 17 rs.
vishal retail at 270 rs now ruling at 54 rs
raj tv at 257 rs now 57 rs.

see these above stocks had excellent profit when they come up with ipo but now are between 70-90% below issue price.

contrary see good managed companies where in you have buyer at every high level because of excellent growth story
1)cox and kings at 562 i guarantee you it will cross 1000 rs soon
2)jubiliant foodwork you will see this stock above 500 although it will be rich valuation but you know pizza would keep selling
3)recltd and power finance the company which has excellent charts and very good for trading as well as long term story
4)adani power now ruling at 117 will be avove 200 in 1 year considering its projects will commission in 1 -2 years time

so why should i buy shree ganesh jewellery even at 100 rs when there are excellent companies available as above who keep rewarding investors

This is to be noted that

Don’t buy any IPO/FPO specially PSU i.e. NHPC, NTPC, NMDC, SAIL, EIL, Shree Ganesh, Indiabulls Power, Goenka Ji etc. Because these price only be down as Govt. and Companies has already LOOT the public at maximum rates for four years and in some companies they will plan to LOOT at maximum rates.

But u must buy vegetables and foodgrain items i.e. Potato, Onion, Bhindi, Cabbage, Mango, Apples, Oil, Sugar, Milk, Flour, pulses etc. Because price of these items will one be UP and UP. If y buy today potato @ 10/- next week you can sell at 20/-. i.e 100% profit. And this is confirm and guaranteed profit as prices of these will only increase till this Govt. is there. So don’t worry and buy these items for good profit as theseGovt. main motto is to end aam aadmi and retails investors within four years or this target mat be achieved before that also if inflation will increase beyond expectations.

Your portfolio and confirm and guaranteed targets are:

Items      Current Rate      Target 18 to 24 Months

Potato            10.00            32-35
Onion            15.00            40-43
Mango            65.00            180-185
Pulses            90.00            277-285
Oil            60.00            182-187
Sugar            35.00            95-105
Petrol            55.00            215-225
Diesel            40.00            125-135
Milk            26.00            65-70
Apples            125.00            365-385
Bhindi            25.00            65-70
Cucumber      12.00            32-36
Capsicum      35.00            90-95
Flour            32.00            95-100

The above rates will definitely achieve if Govt. will do in well planned manner to The End of AAM Aadmi and Retail Investors. We also think that within three – four years Retailers and Aam Aadmi may easily end without any LOOT by Govt. So there will be no one to cry like NHPC, NTPC, NMDC, SJVNL, SAIL, Reliance Power, Indiabulls Power, Shree Ganesh, Pradip etc.

Bhangwan kare yeh subh din bahut hi jaldi aaye yani ki aaj aur abhi

Natarajan,Shree Ganesh PE should be 5-6 .Based on its earnings 150 should be a fair value price.I am going to buy some shares around 150

Don't afraid. In Ist half ending september 2009 company's net profit is 80 crores. I expect company would declare net profit of more than 40 crores quarter ending March 2010. An EPS of 26.7 on enhanced equity would be reason for cheers for share holders.

Sreedhar,
What's your call on SGJHL now? Is it still a falling knife?

Ravi, Bangalore'
Is message No. 667 really yours? SGJHL target even below 32!?!? I am caught in that heavily. I hope it is not your message and somebody is playing spoilsport!

SGJHL 158- Target 125-110 zone, 94 or even below 32. Unless it closes above 171, it is vulnerable to selling pressure.

If it is able to close above 171, then it may rise to 250.

In addition to technical analysis, check fundamentals of the company. In case it has value, it will not fall below first support.

Strategy should be invest 1/3 of your capital near first support, another 1/3 near second support and balance below third support.

I must add that I feel sorry for people who applied for ipo, 220-250 seems to be an ideal price range for this stock for next year or so (looking at histoic PE)...I would not have ever applied for this ipo...but now that price has fallen down considerably...170 around should be the screaming buy in normal condition (with normal nifht movment...)..i can suggest people to average out if possible and wait for an year...

Hi TR I have 1000 shares not 300 at the rpice of 163, daily prices only reflect sentiments and not worth, the reason this stock went down is that it listed at very high discount, investors are worried about its bottom, traders are typically taking the advantage of the sentiment, mark my words, if genuine buyers with long term hold on to this reward is very hight, currently it is seen risky because of sentiments...