| Author |
Message |
basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
|
   Posted: 03/Aug/2006 at 7:25pm |
Absolutely over a period of time it would hardly matter whether we are watching a movie at Inox or PVR as long as we are interested in the movie that we watch. However as you mentioned good solid locations that can attract traffic (read crowd) would do well then the others. The two things that drive traffic to a mall are departmental stores and multiplex. here I feel that Inox's strategy to align with Pantaloon would complement both parties.
Also the commoditization of business could take a bit longer since initially we would have to fill in the voids that are being created by changing consumer preferences. So at least for the next two years there should not be much of a problem but finally since they are only broadcasters of content and not creators their PE ratio will not reflect that of a high brand company.
I also heard that Inox charges more on tickets for the first two weeks of movie release then brings down the rates. PVR on the other hand has one flat rate. As a shareholder I would prefer Inox's strategy since they are able to skim the cream more comfortably compared to their peer groups.
|
|
'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
|
 IP Logged |
|
|
|
 |
|
go4lalit
Senior Member
Joined: 27/Aug/2006
Online Status: Offline
Posts: 135
|
Posted: 28/Aug/2006 at 11:30am |
I have one worry about INOX, that is the changing dynamics of Industry.
I remember couple was years back "Music Planet" was HOT in my city. But the dynamics changed quicking with MP3 and Internet. Now I no longer go there, whatever Music I need I can get that online or share with other friends. (Obviously I am Piracy Industry is growing and I not bothered abt that as I am getting that cheap)
The same can be true with Multiplaxes, the dynamics can change very quickly, As the Internet Users grow & obviously we have DVD to hire. The same damage was done to Cinema Halls in Last decade.
So, It remains of VERY High Risk investment. It depends on the management, HOW visionary are they and change with changing dynamics.
|
|
IP Logged |
|
|
|
basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
|
Posted: 28/Aug/2006 at 11:50am |
Multiplex has an advantage that it is more of an outing rather then just watching movie also people can move about in the malls and hang around do some window shopping etc etc. But at current valuations I would prefer other stocks in the dmeia entertainment sector to Inox.
What city do you live in and what do you do?
|
|
'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
|
|
IP Logged |
|
|
|
deveshkayal
Senior Member
Joined: 04/Sep/2006
Online Status: Offline
Posts: 3903
|
Posted: 28/Oct/2006 at 11:54pm |
Originally posted by basant
Adlabs is surely the one big media conglomerate in the making. They are getting into films, Tv serials, FM Radio but the recent equity dilution that they did has made the stock appear over priced. Also a large number of all their businesses are in the funding and implementation stages therefore any profits from the existing business might be offset from the losses in the newer ones. But for a person with a 3 year persepctive Adlabs is the show to watch out for.
PVR's market cap is too high and also Innox's tie up for property with Pantaloon will create synergies in terms of attracting traffixc for both parties. So while PVR is also good I would tend to favour Inox at these prices! |
I completely agree with u.Production,Distribution and Exhibition of Movies all they do.Buyout of Synergy communications will contribute significantly.I m great fan of KBC.Coming to FM Radio business Tarun Katial said they will break even by April 07.He is a dynamic person.He had worked previously with Star & Sony .DTH Venture will also roll out soon
|
|
IP Logged |
|
|
|
nil5624
Senior Member
Joined: 08/Nov/2006
Location: India
Online Status: Offline
Posts: 125
|
Posted: 22/Oct/2007 at 8:23pm |
| INOX Leisure to open 9 properties over 6 months |
 Play Video
|
|
< ="http://202.87.40.52/promos/sponsor_news.js">
 Inox has come out with second quarter results. It has posted net profit of Rs 8.3 crore for the quarter ended September 2007 as against Rs 10.9 crore in previous quarter.
Deepak Asher, Director, Inox Leisure said that the seat capacity is up from 16,600 to 21,300. Asher added that they expect to open 9 properties over 6 months.
Excerpts of CNBC-TV18’s exclusive interview with Deepak Asher:
Q: The margins have seen a dip from about 30% or thereabouts to about 21-22%. What are the reasons for that and where do you see them eventually stabilising at?
A: Well I would say that the margins would stabilise at the current level. There has been a slight dip compared to what they were last year, primarily because of the kicking in of the entertainment tax, as well as a slight increase in operating costs.
But, if you look at the number more holistically, you will notice that sales have gone up by about 40% from Rs 39 crore to Rs 54 crore. The total income up by 45% from Rs 40 crore to Rs 58 crore.
Q: Could you walk us through some more qualitative aspects as to how many screens you have added in this particular quarter and what do you hope to add for the remaining six months of this particular financial year?
A: Sure. We had in the beginning of the quarter, 15 properties with 54 screens. That has gone up now to 20 properties with 69 screens. So, we have added 5 properties, three of our own and two as a result of the conclusion of the merger of CCPL with us. That also translates to roughly about 15 screens added in the last quarter.
The total capacity has gone up in terms of seats from 16,600 to 21,300, which is almost 5,000 seats, or 30%, increase in capacity.
Going forward, we expect to open another 9 properties over the next 6 months’ time. In fact, as we speak, we have already opened one property in this month and we expect to open another one towards the end of the month.
Our total property count by the end of this financial year should go up from 20 to 29, total screen count up from 69 to 105, and our total seating capacity up from 21,300 seats to about 30,600 seats. This would roughly represent about 50% increase in capacity going forward from this point of time. |
|
|
PLZ READ THE OFFER DOCUMENT B4 INVESTING.
|
|
IP Logged |
|
|
|
praveen
Senior Member
Joined: 09/May/2008
Location: India
Online Status: Offline
Posts: 543
|
Posted: 04/Jul/2008 at 4:16pm |
Guess its time to look at this company. I think from this point onwards Risk Rewards Ratio is in the favour of the investor.
~Regards
Praveen
Inox Management : Impressive Profile
The management team at Inox consists of professionals with considerable experience in the service and entertainment industries, both in India and abroad. A 6-member Board of Directors guides the management team in its efforts to achieve the Inox mission.
Mr. Vivek Jain, Director
Mr Vivek Jain is a graduate in economics from St Stephens, New Delhi, and a post graduate in business administration, specialised in finance, from the Indian Institute of Management, Ahmedabad. With business experience of over 25 years, as the current Managing Director of Gujarat Fluorochemicals Limited., Mr. Vivek Jain has grown the company to be the country's largest manufacturer and exporter of refrigerant gases.
Mr. Pavan Jain, Director
Mr. Pavan Jain, a chemical engineer from IIT, New Delhi, is an industrialist with over 30 years of experience. As the Managing Director of Inox Air Products Limited for more than twenty years, Mr. Pavan Jain, has steered the company’s growth from a single plant business to one of the leading domestic players in the industrial gas business.
Mr. Deepak Asher, Director
Mr. Deepak Asher is a commerce and a law graduate. He is also Fellow Member of the Institute of Chartered Accountants of India and an associate member of the Institute of Cost and Works Accountants of India. He has more than 25 years of experience in the fields of finance, accounts, taxation, legal and corporate strategy. Mr. Deepak Asher was, till recently, the President of the Multiplex Association of India and a member of the FICCI Entertainment Committee. He won the Theatre World Newsmaker of the Year Award in 2002 for his contribution to the multiplex sector.
Mr. Siddharth Jain, Director
Mr. Siddharth Jain has graduated from the University of Michigan – Ann Arbor, with a Bachelor of Science in Mechanical Engineering and has an MBA from INSEAD, France. He has 5 years of work experience in various management positions.
Mr. Vimal Mittal, Director
Mr. Vimal Mittal is an M.A., LL.B. and a retired IRS (Indian Revenue Services) officer. He was formerly the Chief Commissioner of Income Tax. He has served in various capacities in the Government of India and as taxation adviser to the Government of Barbados (West Indies). He is currently practicing as a tax consultant.
Mr. Haigreve Khaitan, Director
Mr. Haigreve Khaitan has served as Senior partner in Khaitan and Company. He is also an advocate and solicitor in Mumbai.
|
|
The quest for knowledge is a never ending Journey
|
|
IP Logged |
|
|
|
praveen
Senior Member
Joined: 09/May/2008
Location: India
Online Status: Offline
Posts: 543
|
Posted: 16/Oct/2008 at 1:43pm |
INOX/PVR is a steal at these prices. Trading close to book values. Almost no debt. Excellent management, Excellent business.
In last 2 years stock price has fallen and fundamentals have caught up. Net margins is almost at lowest. Should increase from here on.
Looking forward to 15x-20x in 10 years from here.
|
|
The quest for knowledge is a never ending Journey
|
|
IP Logged |
|
|
|
samirarora
Senior Member
Joined: 11/Jan/2009
Location: India
Online Status: Offline
Posts: 1037
|
Posted: 26/Jan/2009 at 7:20pm |
How is inox looking at this time...27th January-2009 CMP approx. rs.30.00 would this be a good time to take the plunge? (albeit a small one)
best wishes,
samir
|
|
IP Logged |
|
|
|
Active Topics
Memberlist
Calendar
Search
Help
Register
Login
