COX & KINGS IPO - INVEST

Cox & Kings India Limited has come out with a Public Issue of 18.496.649 Equity Shares with a price band of 316-330. The issue opens on 18 Nov and closes on 20 Nov.
Cox & Kings is the longest established travel company in the world. Its distinguished history began in 1758. Cox & Kings is a premium brand in all travel related services in the Indian subcontinent, employing over 800 trained professionals.


Post Issue, the Promoters holding will be around 63.6%.

CARE has graded the IPO at "Grade 4". This Grade indicates 'above average' fundamentals.

BROKERAGES VIEW :
Angel Broking has recommended "Subscribe" saying "On the back of positives like C&K’s superior growth rates, its wide geographical reach, a strong brand franchise and the improving industry dynamics, we recommend a Subscribe view on the IPO"

RR Financial Consultants says "The long term investors can invest in the IPO."

Hem Securities says : "The Company has shown decent growth in its topline and bottomline as well. We recommend "Subscribe" to the issue".

Bonanza Portfolio says "apply at Upper Band at Rs.330 share".

Sharekhan says "Reasonable pricing and strong financials are positives. We recommend Invest"

Swastika Intelligence Group recommends Investing in the IPO for good listing gains to investors and also for medium-term and long-term Investment.

KR Choksey has recommended "Subscribe".

SP Tulsian has said :"After a long time, we have come across a comforting IPO, which looks capable to give listing gain as well as much more, if held on with 12 months view. Issue is recommended even at the upper band of Rs 330 per share."



Businessline too has recommended its readers to "INVEST" in the IPO., due to the company’s strong brand image, wide geographical reach, synergies of operations and the economies of scale it enjoys.



MY VIEW :
Comparing Cox & Kings with Thomas Cook, which is quoting at a PE of around 50, the issue is definitely priced cheap. The pricing does offer scope for appreciation. Long Term Investors should have no hestitation in subscribing to the issue. SUBSCRIBE.


Also visit Also visit

http://goodfundsadvisor.blogspot.com
THE BLOG/BLOGGER WILL NOT BE HELD RESPONSIBLE FOR ANY ACTIONS THAT MAY RESULT IN ANY LOSS TO THE PERSON ACTING ON THE INFO OF THE BLOG, AS THE BLOG MAY BE ALTERED/DELETED FROM TIME TO TIME.

OK PLAY - MORE THAN OK

With growing children population and more parents working, the children need to be satisfied. What better way than pamper him with toys. This is where OK play comes into picture.
The company has come out of Red and posted profits for the last two quarters.
To meet the growing needs of the retail sector, the company entered into marketing, technical and manufacturing agreement with Purform, one of the largest selling mannequin brands in the world from New Zealand.

Ok Play has tied up with an Israeli partner and is in the process of creating better and bigger technologies for its customers . It is slowly moving away from being a plasticsmade-to-order engineering and consulting company and is graduating into a company manufacturing products and a range of them.
OK Play has come a long way. It began with an attempt to create innovatively designed overhead water tanks for houses. shifted quickly to toys and acquired a company in the United Kingdom called OK Play and used his own expertise of rotation moulding plastic to create better and more appropriate things for the corporate customer.

As the Euro IV Norm has has made it mandatory for vehicles to have anti inflammable fuel tanks, OK Play is right to exploit this business opportunity with its expertise and knowledge.

Remember that Benneth & Coleman bought this Share at Rs.130 levels.

At the Current Market Price of around Rs.25, there is very little downward and can be bought for both short term and medium term.

BUY


Also visit Also visit

http://goodfundsadvisor.blogspot.com
THE BLOG/BLOGGER WILL NOT BE HELD RESPONSIBLE FOR ANY ACTIONS THAT MAY RESULT IN ANY LOSS TO THE PERSON ACTING ON THE INFO OF THE BLOG, AS THE BLOG MAY BE ALTERED/DELETED FROM TIME TO TIME.

ASTEC LIFESCIENCES - AVOID

NOTHING ON TABLE FOR INVESTORS

One can safely AVOID investing in the Intial Public Offer of Astec Lifesciences which has come out with a Public Offering at a Price Band of Rs.77-82.
The company is engaged in the manufacture and sale of intermediates, active ingredients and formulations in the off patent–proprietary category with a focus on agrochemical and pharmaceutical sector.

It carries out manufacturing activities at two locations in Maharashtra, India comprising of three units viz. one unit at Dombivli, Maharashtra and two units at Mahad, Maharashtra.

INVESTMENT ANALYSIS :
THUMBS UP :
1. Diverse Product Range
2. Consistently managed to achieve High Capacity Utilisation.
3. In House R & D
4. Has 69 registrations in Indian Market.
5. Experienced Management Team
6. Good Track record of Profitability



THUMBS DOWN :
1. Depending on Monsoon
2. NO long term sales and raw material agreement
3. Could face Foreign Exchange Fluctuations
4. Fear of anti-dumping duty
5. Sector faces poor discounting with investors




OTHER BROKERAGES VIEW :
Way 2 Wealth says "Compared to its peer 'Anu's Lab', the valuations seem expensive. AVOID"
SMC has given a Ranking of "2 STAR" indicating Below Average.
SP Tulsian says "SKIP"
Astec LifeScient Limited got Grade 2 by CARE, means as per CARE, company has below average fundamentals.


ADVISE :
AVOID. Period. Comparable Companies do not enjoy the fancy of investors and the Company will not be able to attract any investor interest. Too many Negative Points make this IPO an '"AVOID".
Compared to Bharat Rasayan, this Company is asking Double the price of BRL's PE, which is way too expensive.

Also visit

http://goodfundsadvisor.blogspot.com
THE BLOG/BLOGGER WILL NOT BE HELD RESPONSIBLE FOR ANY ACTIONS THAT MAY RESULT IN ANY LOSS TO THE PERSON ACTING ON THE INFO OF THE BLOG, AS THE BLOG MAY BE ALTERED/DELETED FROM TIME TO TIME.

HEIDELBERG CEMENT - MNC CO AT A PE OF JUST 5

BSE CODE : 500292
NSE CODE : HEIDELBERG
Formerly Known as Mysore Cements, HeidelbergCement India Limited is a 68.55% subsidiary of HeidelbergCement AG.
The Company has its Manufacturing Units spread across Karnataka, Madhya Pradesh, UP and Maharastra.



IMPRESSIVE RESULTS :
The Company has continued to impress with its very consistent results. It posted half yearly EPS of 4.13 in June 09., which annualised gives the Current Market Price a PE of under 5.
This for a Cement company which is Debt Free and is an MNC!!.
Since it was taken over from the Birla Group, the new management of Heidelberg has impressed with excellent results and posted a Net Profit of Rs.93 crores in June 30 2009 for the half year.
ZERO DEBT :
The Company has cleared all its Debt of Rs.460crores and is now Debt Free.

WHY BUY:

With the increased focus by the Govt on Infrastructure Projects, the demand for Cement is expected to be robust and Heldelberg is poised to benefit from the same.
The Promoters have bought the stock from the Birla promoters at Rs.58 per share.
The Average PE for the Cement Industry is 10 and even if we consider that the market recognises the Potential of this company and gives it only the average PE, still the Company should be quoting at least Rs.80.

BUY with a Target of Rs.70 by March 2010.




Also visit Also visit

http://goodfundsadvisor.blogspot.com
THE BLOG/BLOGGER WILL NOT BE HELD RESPONSIBLE FOR ANY ACTIONS THAT MAY RESULT IN ANY LOSS TO THE PERSON ACTING ON THE INFO OF THE BLOG, AS THE BLOG MAY BE ALTERED/DELETED FROM TIME TO TIME.

INDIABULLS POWER - POWERLESS

POWERLESS

STEEPLY PRICED.

VERY LITTLE ON THE TABLE FOR THE INVESTOR

Indiabulls Power, a subsidiary of Indiabulls Real Estate has entered the Primary market today to raise around Rs.1562 to Rs.1758.

Issue Details ::

* Issue period : 12th October - 15th October 2009
* Price Band : Rs.40 to Rs.45
* Bid Lot : 150 Shares and multiples of 150 thereof
* Face Value : Rs 10

The Issue is to part finance the construction and development of 1320MW Amravati Power Project., contribute equity to Wholly owned subsidiary towards development of 1335MW Nashik Power Project and other General Corporate purposes.


IPO Grading / Rating
CRISIL has assigned an IPO Grade "3/5" (pronounced "three on five") to Indiabulls Power Ltd IPO. This means as per CRISIL, company has average fundamentals.

WHAT DO OTHERS SAY :
The Hindu Business Line says AVOID. With projects in the initial stages of development, execution risks are too high for retail investors.

Investment Advisor SP Tulsian said at Rs 40, it could be given an investment consideration, and anything beyond Rs 40 was a clear no.

Manish Bhatt of Prabhudas Lilladher also said one could subscribe to the issue. "Indiabulls Power (IPL) looks good."

RR Financial Consultants : the issue can be subscribed to by an investor willing to hold it for 3 or more years to fully realise and profit from the business potential of the company.

SMC Capital Equity Head Jagannadham Thunuguntla said, Investors with long term investment horizon can buy in the IPO as for short term better power scripts are available in the market

Sharekhan says "though IPO is priced better than some of the recent public offerings from power utilities companies, the scope for the short-term gain is limited.

Angel Broking recommends "Avoid" as it feel the issue is expensive compared to Rel power , Adani Power and NTPC.





Also visit Also visit

http://goodfundsadvisor.blogspot.com
THE BLOG/BLOGGER WILL NOT BE HELD RESPONSIBLE FOR ANY ACTIONS THAT MAY RESULT IN ANY LOSS TO THE PERSON ACTING ON THE INFO OF THE BLOG, AS THE BLOG MAY BE ALTERED/DELETED FROM TIME TO TIME.