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Emerging companies - Mid caps that can become large cap
The Equity Desk Forum :Investment Ideas - Creating winning portfolios! :Emerging companies - Mid caps that can become large cap

Topic: Zee News – Beyond just news!

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prosperity
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Joined: 01/Sep/2006
Location: India
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Posts: 546

Posted: 23/Jan/2007 at 10:35am

Basantji,

I know you/we want to play the CAS theme - and that the right thing to do, right now ....

But if we bullish on business news: TV18 is the sector leader...

If we are bullish on general news: GBN is the sector leader ...

Making a case for buying Zee News is against your principles of 1) buying sector leader and 2) concentration rather than diversification ... AND it is not because of hedge in same sector (e.g. Trent)

I believe its only because Zee News is clearly looking undervalued if we start looking from 3 yrs perspective ...

Buffet remind us here ... "Its Good to Buy an Outstanding Company at reasonable price than buying Mediocre Company (Zee News in reference to CAS opportunity) at throw-away price (Zee News)"

Are you/we getting carried away into making a case for buying cheaper stock and not for buying an outstanding business.... I agree, its the same sector - but we had doubts right from mgmt. to everything else in Zee...

Are we really getting carried away ?

If there is nothing to do, let us do nothing .. and not make a case for buying Zee News .... or better still - be brave-hearted and buy TV18 and GBN (when it lists) coz it still holds value from 3 yr. perspective ...

Kindly LMK if you Agree/Disagree ... this has been an unresolved question in my mind since i saw this topic yesterday

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vip1
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Joined: 09/Oct/2006
Location: India
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Posts: 492

Posted: 23/Jan/2007 at 10:56am

Basant,

I also think prosperity has a very-very valid point .

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vip1
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Location: India
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Posted: 23/Jan/2007 at 11:03am

Basant,

or so we say the above point would be :to invest in TV18 or Zee news if one wants to enter at this level?

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basant
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Posted: 23/Jan/2007 at 11:14am

Zee News is available at market cap of Rs 750 crores only. It would take more money to start all the channels that Zee News has leave alone get the ratings correct. In one of the most important and wealthy states of India- Maharashtra Zee Marathi is the leader.ALmost all the channels are pay - so CAS benefits the companyto a large extent.

The bottomline is that if you look at Tv Today it trades at amarket cap of Rs 600 crores with Aaj Tak and a few other marginal channels. here the whole company is available at around the same market cap.

Personally I am invested only in Tv18 and Network 18. But if someone has 40 stocks in his portfolio he cannot be concentrated in one company in a sector and there lies the option.

WHile Buffet may own 10 stocks or I may own 4 or you may own 24 the fact is that we cannot talk about companies keeping a yardstick of 10 or 20 or 30 stocks. The idea is to create discussion on stocks that have potential within that there would always be some stocks where the potential is very high and some where it is low.

BTW HSBC just downgraded Tv18 to a sell or neutral.

Edited by basant - 23/Jan/2007 at 11:17am

'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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omshivaya
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Joined: 06/Sep/2006
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Posted: 25/Jan/2007 at 12:07pm

Originally posted by basant

BTW HSBC just downgraded Tv18 to a sell or neutral.

Basant jee, so when did something like the above start affecting your viewpoint? I just ask, since you mentioned the above abruptly in the thread of "Zee News"??

You thinking of shifting partly from TV18 to Zee or is TV18 still the same big-time multibbager status for you as it was some weeks back?

Just curious, that is all

Edited by omshivaya - 25/Jan/2007 at 12:08pm

The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it

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xbox
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Joined: 10/Sep/2006
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Posts: 2001

Posted: 25/Jan/2007 at 5:07am

HSBC just downgraded Tv18 to a sell or neutral.

--------------

Taus/Tais will keep doing number games because their research team gets money for doing/working that. Generally I carefully see sell/neutral recommendation. There could be game inside it.

As long as web18 does not get IPO, I will keep invested. So, 2009 may be good time to sell Tv18 by then it could be 2-3 bagger.

Don't bet on pig after all bull & bear in circle.

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basant
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Posted: 25/Jan/2007 at 7:27am

Originally posted by omshivaya

Originally posted by basant

BTW HSBC just downgraded Tv18 to a sell or neutral.

Basant jee, so when did something like the above start affecting your viewpoint? I just ask, since you mentioned the above abruptly in the thread of "Zee News"??

You thinking of shifting partly from TV18 to Zee or is TV18 still the same big-time multibbager status for you as it was some weeks back?

Just curious, that is all

We need to ignore these things and look at the broader picture. I would not shift from Tv18 into Zee News!

'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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kulman
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Joined: 02/Sep/2006
Location: India
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Posts: 9319

Posted: 25/Jan/2007 at 11:02am

One shouldn't be surprised to see HSBC recommending Strong Buy, Overweight rating on TV18 maybe 3-4 months from today.....

Life can only be understood backwards—but it must be lived forwards

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