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paragdesai
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Joined: 22/Oct/2007
Location: India
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Posts: 837
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   Posted: 19/Aug/2008 at 9:05am |
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Nitesh_Inc
Senior Member
Joined: 19/Oct/2008
Location: India
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Posts: 108
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Posted: 19/Oct/2008 at 8:09pm |
Originally posted by shivkumar
Deutsche Bank has put a sell recommendation on nearly all capital goods/infrastructure stocks - L&T, Voltas, etc. Price target for these two are Rs 2000 and Rs 100.
I hope these recos actually come true!!
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Hey Shivkumar,
Your wishes & DB's predictions have indeed come true.
What are you doing with L&T and Voltas now?
L&T @ 799 ; Voltas @ 67.5
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An investor convinces himself, an analyst convinces others.
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shivkumar
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Joined: 02/Oct/2007
Location: India
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Posts: 2037
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Posted: 19/Oct/2008 at 11:02pm |
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picked some voltas at around 80-90, but ran out of funds. Have Punj Lloyd instead of Larsen and Toubro in my portfolio.
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kanagala
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Joined: 31/Mar/2007
Location: India
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Posts: 1229
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Posted: 19/Oct/2008 at 1:16am |
Originally posted by shivkumar
picked some voltas at around 80-90, but ran out of funds. Have Punj Lloyd instead of Larsen and Toubro in my portfolio.
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Shiva, What is your opinion on effect of slowdown on voltas?
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While one person hesitates because he feels inferior, the other is busy making mistakes and becoming superior.
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shivkumar
Senior Member
Joined: 02/Oct/2007
Location: India
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Posts: 2037
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Posted: 20/Oct/2008 at 6:25pm |
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short-term impact could be brutal in companies like voltas, but when the cycle turns, one can expect voltas to be a shooting star. anyway the threat to earnings is far lower with voltas because of its strong financials.
Wish I had the cash to buy!!!
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kulman
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Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 15/Feb/2009 at 8:37am |
Interest rates are on the wane. But, infrastructure firms can't
quite smile yet. The reason: their working capital cycle has expanded.
Headache goes; heartburn begins.
For a contractor, working
capital cycle is the period intervening the date it takes a loan from a
bank to do some work for a client, and the date it gets paid by the
client. When the client defers payment, the contractor will not only
find it difficult to repay the loan on time, but also need another loan
to keep the work going, leading to expansion of the cycle.
Read more...Working capital cycle stretches for infra cos
Edited by kulman - 15/Feb/2009 at 8:39am
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Life can only be understood backwards—but it must be lived forwards
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 15/Feb/2009 at 9:35am |
Very relevant argument and in this situation the ones with high debt and more dependent on private sector orders could feel the pinch but someone would rightly argue as to how much of this is not built into the price?
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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studentoflife
Senior Member
Joined: 06/Mar/2009
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Posts: 313
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Posted: 19/Jul/2009 at 7:41pm |
Ahluwalia contracts seems to have all the required points for a good construction stock:
PE/ROE = 0.27
Has a consistent track record of growth for the past 9 years.Good dividends.ROE = 41.58.
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