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vivekkumar_in
Senior Member
Joined: 19/Sep/2006
Location: United States
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Posts: 606
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   Posted: 15/Jan/2008 at 8:30am |
Basantji,
Bluestar has proved in the past few quaters. Definitely a company with reduced execution risk.
How do you rate their management vision and pedigree..Can they take it to a new level ? Any agressive management plans that you are aware of?
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Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
P Lynch
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 15/Jan/2008 at 8:38am |
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Nothing specific but the visibility of steady earnings growth was more then that of NW18. If they have brought it so far they can surely take it ahead. I think along with Voltas these companies are the better ways to play the Indian real estate/mall/IT/ITES boom.
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'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
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nitin_jagtap
Senior Member
Joined: 29/Dec/2007
Location: India
Online Status: Offline
Posts: 1283
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Posted: 15/Jan/2008 at 9:19am |
Originally posted by vivekkumar_in
Basantji,
Bluestar has proved in the past few quaters. Definitely a company with reduced execution risk.
How do you rate their management vision and pedigree..Can they take it to a new level ? Any agressive management plans that you are aware of?
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As I have seen the management was quite conservative though they have been in this business for more than 40 + years .But during the last 3 odd years they have shed that image and have given a new makeover in terms of branding and also new products.
Not only rising incomes , but also global warming has led to climate changes and more severe summers makes a strong case for people to start going for ACs.
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Warm REgards
Nitin Jagtap
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tigerz_style
Senior Member
Joined: 09/Dec/2007
Online Status: Offline
Posts: 166
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Posted: 16/Jan/2008 at 2:43pm |
Will this have any effect on its price...............
| Blue Star - Updates |
| January 11, 2008 |
Blue Star Ltd has informed that in a circular resolution passed on January 11, 2008, the Board of Directors of the Company has considered and approved a Scheme of Arrangement (the Scheme) between the Company and its shareholders and creditors, which inter- alia provides for the reinstatement of the assets of the Company at their respective fair values that are in accordance with the management views and the consequent adjustment in the General Reserve Account for any excess / shortfall arising on account of such revaluation.
The Scheme is subject to requisite consent / approval of the requisite majority of the shareholders of the Company, the Hon'ble High Court of Judicature at Mumbai, Stock Exchanges, the permission or approval of any other statutory or regulatory authorities, which by law may be necessary for the implementation of the Scheme.
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tigershark
Senior Member
Joined: 13/Oct/2006
Location: India
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Posts: 3542
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Posted: 16/Jan/2008 at 2:50pm |
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blue star bags 38 cr order from ncpil kalpakkam nuclear plant.blue stars credentials helped them bag the order will take 24 months toexecute.source money control.com
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understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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Ajith
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Joined: 06/Aug/2006
Location: India
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Posts: 1284
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Posted: 16/Jan/2008 at 9:22pm |
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While Blue Star will definitely be a reasonable multibagger from current levels the real kicker to greater returns would be exports and if possible global expansion later.
Edited by Ajith - 16/Jan/2008 at 9:24pm
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Ajith
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nitin_jagtap
Senior Member
Joined: 29/Dec/2007
Location: India
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Posts: 1283
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Posted: 16/Jan/2008 at 11:31pm |
My opinion on Multi bagger from these levels, I am not very sure it would be that way ...the industry has crossed the first stage of maturity which is evident with the no players coming in, competition will only get tougher(samsung,hitachi,godrej,voltas,onida,carrier,haier etc etc). Things would strongly turn out in BSs favour if they have something really different in terms of service offerings which I feel is not the case.
On the exports front yes it would surely help in building topline growth however if that translates into equivalent bottomline growth is something that needs to be seen, it would help BS if they have a sales and AMC kind of business on the international arena something like voltas , just selling the boxes I think wouldnt help in terms of margins. The Co as I know should give an top side EPS of around 18 based on CMP its quite a discount and is already in the price the instituitinal coverage has also increased in the stock which could mean that discounting could well stretch to 15-18 months going forward. All though the management is very good in terms of image they really havent been very agressive. All said and done my sense is that it should be a decent 25%-30% growth company.
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Warm REgards
Nitin Jagtap
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Ajith
Senior Member
Joined: 06/Aug/2006
Location: India
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Posts: 1284
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Posted: 16/Jan/2008 at 7:53am |
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Management does have a lot of work ahead of them to maintain clear leadership in central aitconitioning and foray overseas aggressively to become a multibagger from current levels.
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Ajith
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