Trent - Trending into high growth.

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Topic: Trent - Trending into high growth.

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basant
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Posted: 11/Jun/2007 at 1:10pm

Warrants.

'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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equity-shishya
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Posted: 24/Aug/2007 at 8:54pm

Basantji,

Have you given up on Trent ?

It looks interesting atleast valuation wise. Also I read that they are opening lot of westside stores in 2008

Is Landmark's revenues a very small part of the overall Trent revenues ?

The Landmark store is choc-a-bloc in Bangalore during weekends

But I find Shopper's stop more occupied than westside

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deveshkayal
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Posted: 24/Aug/2007 at 10:17pm

Rel MF recently bought Trent if i am not wrong.

"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett

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basant
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Posted: 24/Aug/2007 at 12:13pm

Great value, Terrible management. I wasted a fortune dividing my money between trent and Pantaloon in 2003. Though Trent gave me a 6 bagger the other smaller cousin was a 60 bagger. These guys are like a rich man's lazy children. That time Trent had Rs 160 crores in cash out of its market cap of Rs 200 crores and Pantaloon had a debt equity of more then 2:1. We all know what happened after that.

Over the past 4 years they have never shown an RoE of more then 14%, they were the first to identify the hypermarket model of business but have opened only 2 so far whereas Pantaloon opens 2 in a month, when I tried contacting the management they said they do not give any information but their growth should be about the industry growth over the past few quarters growth has slackened but all said and done this is avalue investor's way to get into the Indian Retail market.

I exited Trent last year and am presently invested in only the warrants which I think is an excellent way to play this story. Check this link Long term stock warrants could be big multibaggers.

'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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koodala_sangama
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Posted: 28/Aug/2007 at 8:42am

Trent outlines capital expenditure of Rs 250 cr for 3 years
28 Aug, 2007, 2120 hrs IST, PTI

MUMBAI: Tata Group firm Trent, which runs Westside and Landmark retail stores, has outlined a capital expenditure of Rs 250 crore for the next three years.

This year the company would spend about Rs 65 crore as capital expenditure, Trent Chairman F K Kavarana said at The Annual General Meeting here.

The capital expenditure would be met through the company's internal accruals and Trent would go for rights issue, Kavarana said.

By the end of this financial year, Trent stores would be spread to 11.5 lakh square feet area from a mere 4 lakh square feet now.

Ten more Westside stores would be added this year taking the total number to 37 through the country, Kavarana said. Of the existing 27 Westside stores, three are owned by Trent and the rest are leased.

Similarly, Landmark, a book retail store, would be expanded to 14 from nine now. Last year, Landmark reported a turnover of Rs 136 crore, a jump of 30 per cent over last year.

Landmark is jointly owned by Trent and Chennai-based Hemu Ramaiah, who started the retail store. Trent has the majority shareholding.

Trent's hypermarket, Star India Bazaar, in Ahmedabad has started to achieve breakeven, he said. This year two more hypermakets would be opened, in Mumbai and Bangalore.

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basant
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Posted: 28/Aug/2007 at 10:40am

Normally a Rs 1 capex in retail can do a Rs 10 turnover so assuming that they are able to invest this money the company should do a turnover a Rs 2500 crore in 3 years plus the existing business that means around Rs 3200 crores taking a 7% net profit margin this comes to Rs 225 crores or an EPS that exceeds Rs 100!!!

While all these assumptions are great the company has faltered on this before but because Reliance MF have gone ahead and made such sizeable investments I think that this time the company is serious in its plans.

During the past couple of years the company was handicapped since most of its stores could not be opened because of problems from the developer's side. The tie up with DLF should solve that problem and also those store openings would spill over to this year and the next now.

I am playing Trent only through the warrants.

'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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kulman
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Posted: 18/Sep/2007 at 2:25pm

Trent Ltd has announced that the Benetton Group and Trent Ltd., a Tata Group Company, have joined forces in a strategic partnership for the Sisley brand's commercial expansion in India. The agreement was signed on September 18, 2007 by Alessandro Benetton, deputy chairman of Benetton Group, and Noel Tata, Managing Director of Trent Ltd.

Under this agreement, the Company will open and manage a number of Sisley stores in India's major cities. The first shops will open over the next few months, starting with the top shopping streets in two of India’s most dynamic cities: Hyderabad and Bangalore.

Sisley has more than 850 stores around the world. Its collections, distinguished by their strong fashion content, reflect the latest trends of the season. Slsley offers a wide choice of clothes for men and women, and this winter launches a new range that is even richer and more sophisticated: Sisley Limited Edition.

Life can only be understood backwards—but it must be lived forwards

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koodala_sangama
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Posted: 18/Sep/2007 at 7:49pm

http://www.domain-b.com/companies/companies_t/trent/20070917_trent.htm

Trent opens Star Bazaar in Mumbai
17 September 2007

Mumbai: Trent Ltd, Tata Group's retail arm has launched its hypermarket format, Star Bazaar, in Mumbai at Thakur Mall in suburban Dahisar.

The hypermarket is spread over 50,000-sq ft, and will offer non-vegetarian food, and will run a run a live bakery, while selling in-house labels of garments, among other things.

Brand names of the value apparels, which would be priced onwards from Rs99, are Edward, France Giovanni, Spike and Fashion Street in different categories of men's wear, while Navya is the brand name for Indian wear, and Tammy is for kids wear. The garments are sourced from across India, including hubs like Jaipur, Tirupur and Mumbai.

Selling in-house labels has been a profitable line for Trent, be it in garments, staples or home cleaners, according to Neeti Chopra, Marketing Head, Trent. The company's in-house labels, according to her, are doing well mainly on account of the high degree of customisation that the company is able to offer basis the needs of its audience.

Other Star Bazaar location is the 50,000-sq ft retail space in Ahmedabad, set up in 2004. The company plans to launch a third hypermarket in Bangalore within the next two months, followed by another in Mumbai by December-January.

By 2009-2010, the company aims to be present in the top 15 to 20 cities, having opened 23 to 25 Star Bazaars. To manage the back end of the hypermarket, Trent has tied up with regional vendors and small operators for transportation of goods.

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