VA Tech Wabag Ltd IPO Message Board (Page 59)

Gem Ka pa hai
kya .vo ca hai
to tu uska pa hai.
Ca aj kal mare mare
phirte hai.Agle sal
se saral form ane se uska dhanda jo chalta
hai vo bhi band ho jaye.Jab bade bath kar
rahe hote hai to setu jaise new kid bich
me nahi aate ok.Dusre ke kaam pe dhyan mat de apne pe de.
jabe tera number ayega tab baat karna.Chal chalta ho
time mila to teri post read karooga.Gem ke pa.

there will be lucky draw in va tech ipo, so go for techpro and ashoka

SJ,
I AGREE WITH YOU IN CATBIL AND I HAD ALSO ADVISED TO APPLY IN SMALL LOT
BUT AS FAR AS RAVI BANGALORE IS CONCERENCED HE IS AN CHEAT THAT IS WHAT I PROVED IN ASTER SILICATE EPISODE
HIS ADVICE TO HIS FREIND TO SELL IN ENG INDIA EVEN BEFORE ALLOTMENT WAS RECIVED MANY PEOPLE SOLD SHARE AND WENT IN ACUTION I USED TO ADVICE ONLY TO SELL ON ALLOTMENT OF SHARE OF ENG IN DEMAT AND NOT ON ASBA ANALISYIS REFUND OF MONEY
HE CALLED ME MAD IN SEVERAL OCCASSION IN MY COMMENT WHICH WERE AGAINST HIS ARTICLE WHICH WERE WRONG TO ME
I FOUND MANY DUMMY PEOPLE PRASING HIM THAT HE HIMSELF DOES
SO I HAVE PROVED HIM CHEAT
I HAVE GONE THROUGH THE STOCK MARKET SINCE 1970 AND I HAVE THE WRIGHT TO EXPRESS MY VIWES AS HE HAS HE CANNOT CALL ME MAD ALONG WITH HIS CHEMCHA MARRY , GANE GEM IPO FINDER ALL DUMMY NAMES FROM RAVI BANGALORE
I STILL FEEL HE IS AN OPERATOR TO TRAP PEOPLE IN IPO AND STOCK MARKET NO DOUBT THAT HIS ARTICLES ARE GOOD BUT SOME GOOD ARTICLE IN SUCH A WAY TO TRAP PEOPLE IN PARTICULAR IPO AND STOCK
GOOD LUCK

SJ bhai,

don't reply to those anonymous posts. Why you are doing this? Just ignore those stupid messages and go ahead with other things. It will just spoil your health more and more. Since you are replying and caring so much about those messages, they are irritating you again and again.

This is just my piece of advice to you. Please consider this and we all can just talk about IPOs.

Gane.

418 anonymus

gem is not your servant that whatever you want he will give you

he is more knowledgable than me He is a chartered accountant

i was and am his follower..

Understood

Stop disrespecting Gem ...OK

He does not have whole do give you analysis

He has other work as well

Agli baar bola naa to tereko wohin pakad ke ragging kardunga samjhaa

if you disrespecting Gem

then you are making me angry too

he is like my brother now although i didn meet him


Phir tum jaante ho ke main jaab ragging pe aata hun to lamba lambaa

bambooooo bhi kata hun

MERA MUU MAT KHULWAO


Regards and no offence intended

Setu

Welldone Sj.
Very good information about Va-Tech once again.
Please reply to my email. I have sent 2 emails to you.

Gem you are not a gem but a bread jam.Who is of no use.Get

something productive information like sj.Not boast what you

have done in the past.I think you are the person who curse

sj anonymously as you are the most frequent visitor of this site.

Sj you keep on your good work and do not try to save gem by drafting

message to save gem.Gem is a half knowledge person.Never give

productive information.He is the person who want shelter under the

arms of the sreedhar or the sj or even Ravi banglore who is so so

simple in nature not a arrogant like you.Dont boast that you have 13 or
what so ever demat accounts i know person in our chandigarh who have

30 plus demat accounts.Tuu gem sprite pee.Sj you dont come in between

ok.You are nice person who gave information in complete not half dude

like gem.

So experts says.........Va-tech is good and must apply. This is big in size.

Lets decide...akal badi ya bhains.....

AS PER UNDER INFORMATION THE ISSUE IS VERY GOOD & WE CAN GOT 1800 TO 1900 ON THE LISTING.LONG TERM ALSO GOOD. APPLY,APPLY&APPLY
RAKESH2010

Dear 420 Anonymus

First of all let me congratulate you for showing these concerns about the company

I have not seen such a productive post from anonymus group like you have posted from day anonymus thing started on Chittorgarh

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1)This company has performed well only in March 2010 .EPS shoots to 44. Before that its performance was very mediocre. EPS only 9.

Sales grew at 50% CAGR from 2007-2010

SALES Executed from pending order book also was 50% of total order book from 2007-2010.


3)Performance of other cos like IVRCL,Ramky,Hind Dorr average only.

To hell with other companies. This is leader with 50% market share in India and is pure play. Others you have mentioned do not have only water business but other projects as well.


4)Implies dressing up the performance just before IPO.

What is the dressing plz explain in detail. As far as i know term is Craetive accounting.

There is no creative acounting here coz neither they have shown too much credit sales to inflate books. Neither they have changed depriciation method to reduce depriciation. Neither they have inflated cash books.

In fact they have provided fo goodwil amortisation for acquiring brand name and paid more taxes in 2010 due to better accounting rules and making future provisions of taxes in 2010 that will accrue due to increase in business size like grautuity deduction due to increase in employee size.

Ehere are the books cooked...? Tell me..?

5)Why to give expensive PE based on only 1 year March 10 performance ?

When CAGR os sales is 50% in last 3 years and in future their margins will increase from 9% in 2010 to 20% in subsequent years coz they will now focus on complete BOOT projects instead of turnkey basis and better margins from international subsidaries coz of setiing local facilities in those areas and setting ffot in Middle east and Africa where costs will be reduced significantly to set up base in future.

So based on 50% growth in sales . PE divided by GROWTH RATIO or PEG

is 25/50 is 0.5

PEG more than 1 is expensive not PEG at 0.5

It is valued at 12-13 PE based on FY11 EPS


6)What was teh hurry to bring IPO in September 10 only?

Two reasons

They have to prepare books for October quarter as well as per new norms of SEBI that means further delay and since market is high it may not be high in future and in future they well may not be able to get 1 times subscription just like few good IPOS got beaten in 2008 and 2009.



7)Hasnt the results gone down drastically in June QTR ?Where are the June QTR results?

june quarter results have not gone drastically. although actual is not there but order book has increased to 3000 crore now with latest addition of Chennai municipal order and Commenwealth order and other orders from march to june and beyond.

8)Remember recently listed Technofab price gone below its IPO price after June quarter results were published.

Yes but this will go up. Coz revnues will increasy significantly. margins will be higher. EPS growth will be 40% this quarter


9)Why couldnt the promoters & investment bankers be less greedy n had issued the IPO at PE of 12-14 ? 10)Why do they want squeeze every last drop from investors?

No ggod IPOS come at cheap prices. They ask you valuations for future growth and not current. Still 22 PE is attractive as compared to industry PE of 30 and Ion exchange the only comparable peer whoz PE is 39

PE base on FY11 EPS is 12-13 only. Market discounts future not current growth.



11)A scary story very similar to 2007 bull run IPOs like Reliance Power,Future capital,Tanla,MIC Electronics n even recent ones like NHPC,Indiabulls Power,DB realty.


Then you should have not invested in SKS jubiliant which were also highly priced by that logic.

12)Siemens has handed a lemon to Va Tech by selling it the overhyped but bleeding Wabag company at a very high price in peak bullish time of 2007.

Siemens wanted to focus on power more and hence gave this to Va tech who was eyeing for acquisitions. plus foreign companies at that time needed funds to expand in newer geographies in their core area due to hyper bullish environment. So they sold there non related new businesses to raise funds for core business due to competition


13)Indian companies who went for such costly acquisitions in hyper bullish time of 2007 like Suzlon,Everst kanto,Gitanjali,Tata Steel,3i Infotech are still suffering along with their shareholders.The share price are way below the 2007 peaks.So how can vatech be any exception.

TATA STEEL WAS BEATEN DOWN TO 160 IN 2008 WHEN ANALYSTS SAID CORUS IS EXPENSIVE BUY. Now Tata steel is 610

TATA MOTORS ALSO LAUNCHED NANO AND ACQUIRED JLR. pEOPLE SAID THEY ARE MAD. nO TAKERS FOR RIGHT ISSUE AT 150 ODD TODAY TATA MOTORS IS 1000 RUPEES


14)The Europeans operation are a drag on Vatech n can take the whole company down ala Suzlon,everest kanto,3i infotech.

European operations from margins of 4% will now increase as they are now setting local bases there and focussing on BOOT with governments there instead of turnkey whic has 12-13% margins

15)It will be years before europeans operations turn profitable.

It will be profitable in 2 loss making subsidiraies by 2012. currently its foreign subsidiraies contribute just 30% of total revnues on consolidated basis. Rest is India

16)In the meantime Rajiv Mittal promoters & ICICI ventures are laughing their way to bank alongwith Enam,IDFC Sharekhan,

Obviously they got an oppurtunity in 2005-07. Did you do that research and went as PE investor in 2007...? If you invest at Rs. 50 in a company will you not bbok profit at 1500.

They are exiting part. IPO listing is exit rout for PE investors after 5-10 years of investment. Same was case in SKS as well. Did it list at discount..?


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BOHOT MEHNAT KARWAYA TUMNE

But you did good research not like other stupid anonymus people here and I applaud you for that. people this is the wasy to study.

Not foolishly saying ke 5 ka face value BAHO 1310 KA LOOT DEGA KOOT DEGA etc. etc...


Regards

P.S. Any more doubts plz mention for the sake of boarders whu want more vviewpoints.ANyways my analysis posting today night willl clear all doubts and critics claims.Just wait for it..!! There is still 36 hours to go for IPO to close by tommorow morning when you wake up you will read my analysis posted late night coz giving fianl touches.

A SEBI directive and a soaring secondary market have led to a flurry of initial public offerings aimed at making it before September 30.

Some Rs 4,000 crore will be raised through 12 IPOs that are being pushed through during this period. Since September 14, any given day of the month has seen at least two ongoing IPOs to date, and the rest of the month is going to be no different, at least until September 27.

"A big reason for this flood of offerings is because of the September 30 deadline set by SEBI," said Mr Sanjay Jain, Executive Director and Head of the Investment Banking Division at JM Financial Consultants. SEBI has said that if companies have issuances that hit the market after September 30, then they will have to publish their June quarter results. Those that enter the marker before that can file the DRHP with their March-end annual results.

What is interesting is that the June quarter results of many of the listed companies were below expectations, and that of yet-to-list companies are likely to be the same, said analysts. It is not a surprise then that they don't want to raise funds using their June quarter results.

Strong liquidity

The other reason for the spate of IPOs is the robust state of the stock market itself. "Liquidity is strong at the moment and stocks are looking up; this is one of the reasons why a lot of companies are ready to hit the markets now," said Mr S. Ramesh, Chief Operating Officer of Kotak Investment Banking.

The Sensex has risen close to six per cent over the last two weeks and reached a 34-month high of 19,600 during this time, and foreign institutional inflows too have been strong. FIIs have invested Rs 7,862 crore in the net in equities during the last week.

"Nobody is confident of the market, so now when there is liquidity many issuers want to take advantage of this window of opportunity," said Mr Jagannadham Thunuguntla, Head of Equity at SMC Capital.

everybody please ponder over following major points & give a pointwise reply before thinking of applying for this extremely expensive ipo.

Cabal of greedy investment bankers & promoters should not make merry over investors taking advantage of todays bullish times.


1)This company has performed well only in March 2010 .EPS shoots to 44.

2)Before that its performance was very mediocre. EPS only 9.

3)Performance of other cos like IVRCL,Ramky,Hind Dorr average only.

4)Implies dressing up the performance just before IPO.

5)Why to give expensive PE based on only 1 year March 10 performance ?

6)What was teh hurry to bring IPO in September 10 only?

7)Hasnt the results gone down drastically in June QTR ?Where are the June QTR results?

8)Remember recently listed Technofab price gone below its IPO price after June quarter results were published.

9)Why couldnt the promoters & investment bankers be less greedy n had issued the IPO at PE of 12-14 ?

10)Why do they want squeeze every last drop from investors?

11)A scary story very similar to 2007 bull run IPOs like Reliance Power,Future capital,Tanla,MIC Electronics n even recent ones like NHPC,Indiabulls Power,DB realty.

12)Siemens has handed a lemon to Va Tech by selling it the overhyped but bleeding Wabag company at a very high price in peak bullish time of 2007.

13)Indian companies who went for such costly acquisitions in hyper bullish time of 2007 like Suzlon,Everst kanto,Gitanjali,Tata Steel,3i Infotech are still suffering along with their shareholders.The share price are way below the 2007 peaks.So how can vatech be any exception.

14)The Europeans operation are a drag on Vatech n can take the whole company down ala Suzlon,everest kanto,3i infotech.

15)It will be years before europeans operations turn profitable.

16)In the meantime Rajiv Mittal promoters & ICICI ventures are laughing their way to bank alongwith Enam,IDFC Sharekhan,

Nisha

plz avoid stupid anonymus comments


You asked me my advice i gave you

I write such lenghty posts to whoever asks me to give advice

I am just telling you this so that you do not run away from here as another women have run away after seeeing such abusive and cheap derogatory replies aimed at women like someone did for some other female called Rose on electrosteel board

Regards

Regards

Chemcho sir

Plz do that and find out similarities of ravi and me

he is technical and good at it although you disagree and i am fundamental and good at it

on which even you can disagree

I have no problem with that if you call me cheat also

you are more experienced than me and i cant argue with you just as i can not argue with my dad

whu has seen many bull and bear markets since 1970 just like you


Sir you are absolutely correct in your allocation


and ashoka is avoid i agree with you completely

But cantabill is not bad sir

You must have seen Koutons retail IPO it went from 300 to 1000

i am just saying listing and post 1-2 months after that

cantabil also is same story

You can take more risk by giving equal weight to Cantabill


Just my advice not forcing you

You are the biggest judge of your investment and you do not need an SJ to tell you that


and stop calling anyone cheat etc

it does not show good for reputation of a senior member like you

Just keep giving good advice to me and other boarders like this

And forget individuals here

It is just a blog Sir

And people are wise enough to judge just like you are


Regards and best of luck to you Sir as well

Setu

Nisha

Just to help you further

This is one out of my many posts on Va tech


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ipo is expected of wabag mid septemberr

peice range expected is 1250-1400.....

Fy march 2010 annual eps is 56....

Order book is 3100 crores

issue is of 500 crores

at 3100 crore order book 20 percent Irr or internal rate of return on projects that it currently enjoyed by company 1250 crore will be PAT.....

that means 2011-2012 share capital will be as per face value 5 and 1:8 bonus recently issued.. ....

.eps will be 70 in 2011....

Industry average PE is 35 that is averaged taking peers like IVRCL.....ion exchange etc.......

Since it commands 50 percent market share and is MNC and the only other pure play is ion exchange..has many patents has first mover advantage and immitating itss technology willl take 2-3 years byy big players....it can easily command 25 to 30 PE as scarcity premium

that means price for 2010 can be 1650 based on 56 eps and 30 pe.....

And based on 75 eps you can expect 2050 to 2250 target by fy11

bare in mind these are conservative epps coz two of it subsidaries wil turnaround in fy11 and it is also kooking for more bidding currently of project and looking for acquisitions which can inflate eps in future...

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Nisha please note that it was initial analysis and was insufficient

But enough to have broad idea and gthe point that it is a great company


Water is the next big commodity after oil

Jim Rogers the famous commodity guru once told some reporter on CNBC

That agricultural commodities and water are going to be where he will invest in

Although agri commodities are available


Water is not. And they day its starts trading on exchanges because of its scarcity of which he is confident

He will be the first few ones to buy a contract of Water on Commodity Exchanges

Regards

P.S.: read other posts as well and give test mail

HI,
ALL FOOLS
APPLY IN VAT TECH ONLY FOR LISTINGG GAINS IT AN LOTTERY

Dear SJ , GEM

what's your final call on VA TECH?

Regards

Nisha

405. Anonymous

Good analysis.

Let me add some points why I skipped Va Tech.

1. Promoters sold 5% stake last month to lead managers at 1200-1230, Enam and IDFC. If anyone don't agree, read DRHP!

2. There orderbook is looking cooked up just like Ashoka. They claim to have orders where they have only applied tenders and applying tenders don't mean getting orders.

3. Already face value 5 has been talked into lenghts and breaths. Hence no need to further talk about it.

4. Margins are just 4% hence why I will risk my money that gives 4% return when bank gives 8.5% on FD!

It's my view, not advice. One should take these view as pinch of salt and decide on own before applying.

407 anonymus is not me...

Guys you know me....

I do not post crap like this

regards

setu

Only the Indian operations are profitable n that too at a small NPM .

European operations are a drag