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Vivek Sukhani
Senior Member
Joined: 23/Jul/2006
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Posts: 6675
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   Posted: 18/Jun/2010 at 9:09pm |
Originally posted by excel_monkey
Hi Vivek,
what is your call on Duncans after the disposal of the fertilizer business?
should it now be treated as a tea company?
Your views as TED's Tea industry analyst/expert would be highly appreciated.
Thanks in advance
Excel |
Would avoid Duncans.
The move to dispose fertiliser business would be nothing more than a life-support. From here, to get back to normal health would call for a very tall effort....which I suspect GP Goenka Group isnt capable of.
Accounting-entry wise, it does interesting.....they will hive off assets and prune liabilities at the same point of time....but what about the negative P/L. Their balance sheet would still look very awkward and they have to do some restructuring.
I dont know, but a plant lying idle for so many years getting reasonable valuation looks pretty remote.
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Jai Guru!!!
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excel_monkey
Senior Member
Joined: 17/Nov/2009
Online Status: Offline
Posts: 1281
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Posted: 18/Jun/2010 at 9:18pm |
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Thanks Man
your views are always helpful
I was just wondering why would JP be interested in the plant
is it about 200+acres of real estate in Kanpur?
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Vivek Sukhani
Senior Member
Joined: 23/Jul/2006
Online Status: Offline
Posts: 6675
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Posted: 18/Jun/2010 at 9:21pm |
Originally posted by excel_monkey
Thanks Man
your views are always helpful
I was just wondering why would JP be interested in the plant
is it about 200+acres of real estate in Kanpur? |
Must be......otherwise there's simply no synergy between their businesses.
But how would they tackle the emplyees and workers.
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Jai Guru!!!
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atulbull
Senior Member
Joined: 17/Jan/2008
Location: India
Online Status: Offline
Posts: 642
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Posted: 18/Jun/2010 at 11:14am |
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Price is what you pay.Value is what you get.
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hit2710
Senior Member
Joined: 15/Jun/2009
Location: India
Online Status: Offline
Posts: 4013
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Posted: 18/Jun/2010 at 11:45am |
Originally posted by atulbull
Quarterly
Results - 31st March 2010[/URL]</td></tr></t></table>
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The production is higher by 22% by march 2010 as compared to last year inspite of dry conditions and tea prices are firm. This indicates, this year also might be good for the company.
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Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
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atulbull
Senior Member
Joined: 17/Jan/2008
Location: India
Online Status: Offline
Posts: 642
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Posted: 22/Jun/2010 at 11:04am |
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Price is what you pay.Value is what you get.
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prabhakarkudva
Senior Member
Joined: 16/Jan/2008
Location: India
Online Status: Offline
Posts: 1624
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Posted: 23/Jun/2010 at 2:40pm |
Some Info: Recent reports from the industry have
claimed that the already existing tea shortage in India could worsen due to pest
attacks and heavy rains. This could potentially reduce output and boost the
prices. Output in India, the second largest grower after China is expected to be
less than last year’s 979 million Kilograms.
Excess rains have hurt tea shrubs
in northeast states, which account for more than 70% of production. Northeast
India, including Assam and Darjeeling, got rain for 78 of 90 days, causing
so-called tea mosquitoes to destroy the leaves. A smaller harvest may increase
the domestic shortage by around 25% to as much as 75 million kilograms by the
end of 2010.
The average tea price was $2.43 per
kilogram at the weekly auction held in Kenya’s port city of Mombasa on June 14
and 15, 18 percent more than the $2.06 per kilogram a week earlier. In India,
prices have risen by 15 rupees to 20 rupees a kilogram from a year ago as
producers cover their future needs by purchasing at auctions.
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Take your chances and keep them in a box until a quieter time.
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subu76
Senior Member
Joined: 25/Feb/2008
Online Status: Offline
Posts: 5709
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Posted: 23/Jun/2010 at 3:32pm |
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Prabhakar, have you read anything about the demand part? Supply issues obviously even out over time.
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