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new2investing
Groupie
Joined: 22/Sep/2009
Location: India
Online Status: Offline
Posts: 68
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   Posted: 19/Feb/2010 at 3:02pm |
Originally posted by manish_okhade
Is it a real estate co or auto company? |
It is an auto ancilliary company spanning across a lot of other areas too like IT, real estate and even sports(that's what their site suggests). Not sure whether so much of diversification helps or not.
@Jai Shrikrishna ji, how does the occupancy of their mall in Kandivali looks like I mean is most of the area occupied or not at present? Also is the no. of footfalls comfortable enough?
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Learner...
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Jaishrikrishna
Senior Member
Joined: 06/Sep/2008
Location: India
Online Status: Offline
Posts: 1132
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Posted: 19/Feb/2010 at 4:45pm |
Originally posted by new2investing
Originally posted by manish_okhade
Is it a real estate co or auto company? |
It is an auto ancilliary company spanning across a lot of other areas too like IT, real estate and even sports(that's what their site suggests). Not sure whether so much of diversification helps or not.
@Jai Shrikrishna ji, how does the occupancy of their mall in Kandivali looks like I mean is most of the area occupied or not at present? Also is the no. of footfalls comfortable enough?
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THE PHASE I IS COMPLETED AND OPERATIONAL WHICH INCLUDES BIG BAZAAR AND CINEMAX MULTIPLEX, PHASE 2 IS UNDER CONSTRUCTION AND SHOULD BE OPERATIONAL THIS FISCAL, PHASE 3 WILL TAKE TIME SAY AROUND A YEAR AND HALF
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Don't Buy and Hold, Buy and Homework / Fish see the bait,but not the hook; Men see the profit, but not the peril.
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excel_monkey
Senior Member
Joined: 17/Nov/2009
Online Status: Offline
Posts: 1281
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Posted: 02/Apr/2010 at 6:25pm |
Originally posted by nav_1996
Merger with Bombay paints was detrimental to minority share holders. It just halved the minority shareholders value without bringing in much value.
This was my first impression. I did not do any number crunching. |
The promoters subscribed to Bombay Paints shares for Rs. 10 and later merged it with Grauer in a ratio of 1:1 which was quoting at around Rs. 60 at that time
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excel_monkey
Senior Member
Joined: 17/Nov/2009
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Posts: 1281
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Posted: 04/Apr/2010 at 7:05pm |
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Field trip feedback: been to GROWEL101 today to study the progress
Phase II looks to be complete some of the leading brands like provogue, mochi, china wok, kailash parbat have been advertised as tenants.
what I found worth pointing is the architecture which is different from any other mall I have seen in India
looks like the launch is just a month or two away
TEDies sp Jaishrikrishna living close by could add more
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excel_monkey
Senior Member
Joined: 17/Nov/2009
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Posts: 1281
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Posted: 04/Apr/2010 at 8:10pm |
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As well as heard somewhere that Bombay Paints owns a prime plot in Chembur
can someone please confirm this?
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photophobic111
Senior Member
Joined: 20/Mar/2009
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Posts: 162
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Posted: 04/Apr/2010 at 9:52pm |
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How is the competition and it's moat for its primary chemical business?
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Rehan
Senior Member
Joined: 19/Sep/2009
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Posts: 286
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Posted: 04/Apr/2010 at 10:06pm |
This one looks interesting. If no more debt is required for the mall expansion business , then this business itself should start giving approx 15 Rs EPS ( 5-6 crores X 6.5 = 30-35 Crores/ 22 (Equity) = approx 15). Adding tho this existing EPS of 10 , total turns out to be 25 Rs. Major part of the income will be from lease which is a very safe and secured income which should give it much higher PE. Current price of 67 is discounting this EPS by around 2.7 times.
Any flaw with this work out ????
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excel_monkey
Senior Member
Joined: 17/Nov/2009
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Posts: 1281
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Posted: 04/Apr/2010 at 11:28pm |
Originally posted by Rehan
This one looks interesting. If no more debt is required for the mall expansion business , then this business itself should start giving approx 15 Rs EPS ( 5-6 crores X 6.5 = 30-35 Crores/ 22 (Equity) = approx 15). Adding tho this existing EPS of 10 , total turns out to be 25 Rs. Major part of the income will be from lease which is a very safe and secured income which should give it much higher PE. Current price of 67 is discounting this EPS by around 2.7 times.
Any flaw with this work out ???? |
A lot could go wrong
the mall could not succeed because of competition from the likes of Oberoi Mall which is located close by and is already a successful mall
photophobic I have no idea about their chemicals business
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