Yes Certainly specialty chemicals is going to be a big thing. Crude prices dosen't affect much to the bottomline of these companies. The base oil affects its prices. I think now the rate is 800-830$.It might come down to 700-750$ as per Savita chemicals CEO speak.

i made a small purchase in Panama about 2 months back.

at a P/E of 5
valuations are mouthwatering
ROE at 30% + is sexy
profit growth at 5 year 29% CAGR is exciting

the question is the business sustainable and exciting as well

any TEDies following this company?

Chor Company


Panama Merged a promoter group co. named Mobil Petro with itself in FY09 resulting in dilution of 22%.

Now this merger added 20Cr to the networth of Panama.

There is also an addition of 20Cr to the Gross Block of Buildings.

Moreover this building of Mobil Petro was revalued so as to arrive at 20Cr.

Mobil Petro Pvt. Ltd. was into Petrochemical Trading.

Panama's Sales of Traded goods increased by only 4Cr in FY09 yoy.

Clearly the merger was done to enhance the promoter shareholding from 38% to 55%

Monaco Petro another promoter co. is next in line for merger.

The previous annual reports don't show any significant related party transactions with Mobil Petro & Monaco Petro so synergy is not the rationale of the merger.    

I think they will only stop when their holding reaches 75% which is the maximum permissible limit.

Although Valuations are cheap and I have been told that the co. might do Sales of 500Cr. in FY11 & 1000Cr. in FY12, No margin of safety is high enought without management integrity.