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samirarora
Senior Member
Joined: 11/Jan/2009
Location: India
Online Status: Offline
Posts: 1037
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   Posted: 06/May/2010 at 3:06pm |
SIGN OF THINGS TO COME.... WATCH THIS STOCK CLOSELY!
Tata Tea Ltd has informed BSE that the Board of Directors the Company has approved a change in the name of the Company from "Tata Tea Ltd" to "Tata Global Beverages Ltd, subject to the approval of the Shareholders and the approval of the Central Government. The approval of the shareholders is proposed to be sought by way of postal ballot in accordance with the provisions of Section 192A of the Companies Act, 1956.
TATA GLOBAL BEVERAGES LTD.
seems the management are doing a JAGO RE to themselves!!!
Edited by samirarora - 06/May/2010 at 3:08pm
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samirarora
Senior Member
Joined: 11/Jan/2009
Location: India
Online Status: Offline
Posts: 1037
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Posted: 06/May/2010 at 3:14pm |
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I get the feeling, that public holding in this stock is very low , kind of judging by lack of interest in the stock.. should i buy more .. mmmm.. maybe if there is any correction. i will buy more after all.
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master
Senior Member
Joined: 06/May/2008
Online Status: Offline
Posts: 831
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Posted: 06/May/2010 at 10:34pm |
Wider product bouquet, Stronger distribution, Stock split to FV of Re 1 and Change of name - from all this, i feel Tatas are going to position it as a true FMCG play.
Let's hope it gets that kind of market re-rating as well.
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Someone’s sitting in shade today because someone planted a tree long time ago.
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stocksavy1
Newbie
Joined: 18/May/2010
Online Status: Offline
Posts: 14
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Posted: 18/May/2010 at 6:34pm |
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If I am not mistaken, the PE for this is still around 2.5, please correct me if i am wrong. I think from all that it is said above, considering that it is an FMCG and with such a big brand backing this is a good stock to accumulate.
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paps3535
Senior Member
Joined: 08/Oct/2010
Location: India
Online Status: Offline
Posts: 133
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Posted: 27/Jun/2011 at 8:34pm |
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BRAND |
CORE FAMILY |
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TATA TEA |
TEA |
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EIGHT’O’CLOCK COFFEE |
COFFEE |
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HIMALAYAN WATER |
MINEARL WATER |
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T !ON |
TEA VARIENT |
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TETLEY |
TEA VARIENT |
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SUKK |
JELLY DRINK |
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T4KIDZ |
KIDS TEA |
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GOOD EARTH |
TEA VARIENT |
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GRAND |
PREMIUM TEA |
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VITAX |
TEA VARIENT |
Tata Global Beverages Ltd has signed MOU with Kerala Ayurveda Limited, with the intention of exploring the formation of a Joint Venture for focussing on development of a range of Beverage and Food products based on proven Ayurvedic recipes, actives and formulations for the Global market where there is world - wide recognition of the benefits of Ayurveda for good health and wellness. Definitive agreements are expected to be finalized over the next few months .
The Holding Company has entered into a 50: 50 Joint Venture with Pepsico India Holding Pvt Ltd and formed a jointly controlled entity named NourishCo Beverages Ltd to operate in the area of non-carbonated ready-to-drink beverages focused on health and enhanced wellness. The mandate of the Joint Venture is to develop its business both within India and internationally.
With regards to valuation, this company has a marketcap of less than Rs 7,000 crore. The sale of the company is almost about Rs 6,500-7,000 crore which means it is available at one time of sales. If you look at other FMCG companies including HLL, Nestle, ITC etc these companies are trading at between 4-7 times of their sales.
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Everything has good end.if it is not good,then it is not the end.
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Ravenrage
Senior Member
Joined: 21/Jun/2010
Location: India
Online Status: Offline
Posts: 859
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Posted: 27/Jun/2011 at 8:46pm |
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Britannia is undervalued too , i believe .
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paps3535
Senior Member
Joined: 08/Oct/2010
Location: India
Online Status: Offline
Posts: 133
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Posted: 27/Jun/2011 at 9:04pm |
Originally posted by Ravenrage
Britannia is undervalued too , i believe . |
but seems to be expensive when compared to Tata global...
..Also I think tata global will definitely emerge as winner when moat is considered...
disclaimer:I have no position either in Tata global or in britannia.but looking to enter Tata global.
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Everything has good end.if it is not good,then it is not the end.
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chriskb
Newbie
Joined: 10/Oct/2009
Online Status: Offline
Posts: 36
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Posted: 29/Jun/2011 at 8:38am |
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P/B for Tata Global Beverages is about 3 or less, not 14.5 (refer to consolidated balance sheet).
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