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brijwanth
Senior Member
Joined: 13/Oct/2008
Location: India
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Posts: 143
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   Posted: 26/Aug/2010 at 9:44am |
Originally posted by biks
Originally posted by riser3
orient abrasive gujarat plant ordered to shutdownhttp://www.cafestocks.com/marketupdate/orient-abrasives/orient-abrasives-suspends-operations-at-porbander-plant
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I would take this as an opportunity to load up on this stock
-biks
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biks we have already seen you piling up the stock. You seem to be bull on this stock can you help us see the opportunities within next few years for the company
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Past will not be repeated in future but peaks and troughs do revert to mean, period and order of those peaks, troughs and mean days is the one i.e. not predictable- riser3 valuations
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jigneshk
Newbie
Joined: 24/Jul/2010
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Posts: 31
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Posted: 08/Apr/2011 at 10:31pm |
Wendt back to near all time high. It hardly corrected when small cap index was down 30%. With FY12 EPS of 115-120, BV of 300+ and Auto Capex boom led Sales growth of min 40% YoY for next 2-3 years looks like this Murugappa company could become one of the top performer stock in C 2011.
Disc: I am biased because I hold.
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TCSer
Senior Member
Joined: 17/Mar/2008
Location: India
Online Status: Offline
Posts: 1882
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Posted: 08/Apr/2011 at 12:20pm |
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Hi Jigs
Nice to see you on this forum
Please post more frequently
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Share market is nothing but a game of temperament. Success mantra Right Price,Right Business,Patience, Conviction .Do not do panic buying or selling.It may be the only profession where inactivity pays
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jigneshk
Newbie
Joined: 24/Jul/2010
Online Status: Offline
Posts: 31
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Posted: 30/May/2011 at 6:59am |
Originally posted by jigneshk
Wendt back to near all time high. It hardly corrected when small cap index was down 30%. With FY12 EPS of 115-120, BV of 300+ and Auto Capex boom led Sales growth of min 40% YoY for next 2-3 years looks like this Murugappa company could become one of the top performer stock in C 2011.
Disc: I am biased because I hold. |
Wendt hit 20% upper circuit @ 1440. Grindwell (235) and Carborundum (262) both just 6% away from their respective all time highs.
Disc: I hold Wendt India and Grindwell as of writting so I am biased.
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TCSer
Senior Member
Joined: 17/Mar/2008
Location: India
Online Status: Offline
Posts: 1882
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Posted: 31/May/2011 at 8:54pm |
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Is Grindwell a better buy at this price or wendt?
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Share market is nothing but a game of temperament. Success mantra Right Price,Right Business,Patience, Conviction .Do not do panic buying or selling.It may be the only profession where inactivity pays
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jigneshk
Newbie
Joined: 24/Jul/2010
Online Status: Offline
Posts: 31
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Posted: 27/Jul/2011 at 6:57pm |
Wendt - 1945 - up 20% - completely shocked looking at its speed. June Q1Fy12 EPS at 25.5. Time to sell above 2000?
Disc: I hold.
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anishc
Newbie
Joined: 12/Jun/2011
Location: India
Online Status: Offline
Posts: 15
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Posted: 01/Sep/2011 at 7:01pm |
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My two cents worth:
Abrasives are used in any kind of manufacturing facility where a smooth finish is a desired result for the product or the component. It is also used for deburring, denibbing and defuzzing.
Allied industries are Refractories and Ceramics. CUMI, GN, Orient and Wendt either have their own divisions for refractories and ceramics or supply abrasive products to these industries.
There are 4 prominent players in India alongwith the cheaper Chinese imports and other firms having in-house grinding facilities.
Operating margins tend to be in the 18%-25% range for all of these except Wendt which has a more limited product range catering to a more high end segment.
CUMI at 2690crs Mcap is the largest player with GN being 2nd. CUMI has a significant international presence with factories and subsidaries in Asia, Australia, Africa, Europe and USA. I
GN is debt free, its largest stake holder is Saint Gobain which is a world leader in abrasives from France.
Wendt is JV between CUMI and a German firm.
Orient's prospects post demerger of its profitable high margin refractory operations are unknown to me.
Overall I like the prospects of an industry that has a fairly high entry barrier (capital, expertise), has widespread application across industries and the largest company is valued less than a billion dollars.
My number one pick is GN for its valuation and it being debt free.
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anish
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manish_okhade
Senior Member
Joined: 20/Oct/2008
Location: India
Online Status: Offline
Posts: 1997
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Posted: 01/Sep/2011 at 8:17pm |
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One question:
Abrasive business is inevitable and demand is less or more regular. But isn't growth depends on the growth of their end customers? If economy as a whole does very well then Abrasives will also do good and vice-verca. This makes abrasives bit cyclical in nature.
Players can increase the prices but capacity expansion is controlled by end user segments so it may not make one very rich. Anyway it is reflected in their valuation too.
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