Joined: 24/Apr/2011
Location: United States
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Posts: 124
Posted: 17/Mar/2013 at 9:59pm
Gopal, you are right, it will need some time to grow.
Like most said, its more of a Tea company right now. Will wait to see how their Kebab Xpress evolves. Its a nice concept. If they do it right it will be success.
Originally posted by gopal
Dear TEDies,
Regarding Rossell India (a small cap stock) I am sharing some data that is available on Rossell India website.
Rossell India Limited was formerly Rossell Tea Limited. The Company has diverse interests in Tea, Aviation and Hospitality. To better reflect the diversification of its businesses, and to create a unified brand, the company, on the 19th of April 2011, rechristened itself as Rossell India Limited. Post this rechristening, Rossell India Limited has also restructured itself into three divisions – Tea, Aviation & Defence (Technology and Engineering) and Product Support Services (Aerospace). In the Aerospace and Defence segment, the company has JV’s, partnerships and service agreements with leading OEMs of the world. Apart from this, Rossell India Limited also has strategic partnerships in the Hospitality sector. I will post more details regarding the stock.
You may also visit there page on facebook for any more info. There page on face book is ............. Kebab Xpress or from the Rossell Hospitality website you may directly click on the facebook option / link to connect to there page on facebook.
Since I am invested in this stock my views and opnions would be biased towards the stock, kindly do verify any information and then take any decision accordingly.
Dear TEDies do give your opinion, advice and feedback on this stock.
Thnx & rgds
You just have to be opportunistic, and try to figure out what creates value.. where the bottom is, what creates incremental value,
and in what combinations" John Malone
Devyani International Ltd & Rossel India have jointly invested in RV Enterprises pte, singapore. Devyani International (Nigeria) Ltd is the francisee of Yum Brands in Nigeria. Whether Rv Enterprises Pte holds some stake in Devyani International (Nigeria) i cannot say. But basically it appears to be an indirect (and financial) stake in the foods business by Rossell India.
So IMHO that no numbers from the Nigerian company will ever hit Rossel India's books ... at the most if there is a dividend from RV Enterprises, it will come into Rossel India's books.
I also agree with the member who pointed out that for the near future, we should treat Rossel as a tea company. Only when QSR / Aviation starts to make a reasonable contribution can we expect a rerating & a different discounting.
Dear TEDies,
Do remember that for a stake of 10% in Devyani International, ICICI Ventures paid Rs.250 crore in middle of 2011. So depending on the percentage of the financial stake / venture with Devyani international that investment of Rossell India could hold a big value.
Also the Annual report of Rossell India clearly indicates that RV Enterprizes PTE, Singapore is a joint venture
Also companies in growth phase do not normally give dividends ie jubilant, speciality restaurant. So RV Enterprizes the joint venture with Devyani International not declaring dividends is ok.
Lastly Rossell India also has both normnal equity and preferential shares in RV Enterprizes so there must be some extra benefits in term of interest or assured dividend to Rossell India.
Rgds
Women are like the stock market Coz they're irrational n can bankrupt u if u're not careful
Hi Gopal, Its consolidated PAT is flat fro last 3 years at 18cr Why do uthink suddenly we will see spurt in PAT?
Dear extreme,
once upon a time this company was known as wilton tea and then rossell industries and was part and parcel of hindustan lever ltd (now hindustan unilever ltd)
because of severe labour problems, lock outs and cases filed against management by Hindustan Lever Employee Union the company got ruined and ran into losses and became a non viable venture.
the company then somewhere near from around 2000 to 2006 through various stripping of assets, liabilities, scheme of mergers and amalgations by courts to keep it alive finally became Rossell Tea ltd, but was still in a big mess.
some where around 31st march 2007, the present promoters (BMG group) started the process of taking over, running the company management affairs, pumping cash in it to rejuvebate it and also tried to increase there stake in the company.
till now the company was only listed on The Calcutta Stock Exchange Association Limited as well as on the Gauhati Stock Exchange Limited and used to be traded in a few shares around once or twice a year.
in 2010 the promoters got Rossell tea listed on the bombay stock exchange
some where in 2011 the promoters diversified Rossell tea into a food hospitality company, oem partner in defence aviation, etc and accordingly changed name of company to Rossell India
in sep 2012 the promoters got Rossell India listed on the national stock exchange
some where in nov 2012 the rossell india started two fast food restaurants in cannaught place, delhi by the name of kebab xpress.
around 2006 - 2007 Rossell had only about 4-5 tea estates, the promoters acquired more tea estates also. Today rossell has 7 tea estates.
from being a cash flow negative company when current promoters acquired in 2006 - 2007, rossell india is now cash flow positive and is financing its own growth.
Rossell india has joint venture with devyani international for running restaurants, fast food joints and hotels abroad.
in financial year 2011 - 2012 the promoters through open market purchase on bse and nse have increased there share holdings from around 70% to 75% at market price.
So you see the promoters have been working hard behind the scenes to revive, restructure and rejuvenate Rossell and now slowly and steadily there hard work is going to show up.
Rgds
Edited by gopal - 01/Apr/2013 at 9:39pm
Women are like the stock market Coz they're irrational n can bankrupt u if u're not careful
MUMBAI: Markets were down in the red on Friday on the back of profit booking by foreign institutional investors amid weak global cues. Gains in oil & gas, healthcare and metals were offset by losses in FMCG, capital goods and banks.
Following are technical views bY Ashwani Gujral, Fund Manager, ashwanigujral.com given to ET Now on smallcap stocks which can rally 20 per cent:
Rossell India: After a mild correction, today it had a gap-up and is moving upward. Buy the stock around Rs 41.9 with stoploss of Rs 38 for a target of Rs 50.
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