GBN - WHatever it takes!

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Emerging companies - Mid caps that can become large cap
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Topic: GBN - WHatever it takes!

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patnitin
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Posted: 18/Jan/2007 at 3:24pm

Basantjee,

What's your opinion whether one should apply for this IPO or there will be better opportunity to buy this on listing due to poor response?

Nitin

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kulman
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Posted: 18/Jan/2007 at 5:16pm

This BS article is interesting

RELATIVE SHARE (%) Relative Share (%) of English News Channels
Channel	October	November	December
NDTV 24x7	38.50	33.30	36.40
CNN IBN	30.80	33.30	27.30
Times Now	23.10	22.20	27.30
Headlines Today	7.70	11.10	9.10

FUTURE GROWTH
Rs crore	FY06	FY07E	FY08E	FY09E
(Year to March)
Net Sales	5.9	72	134	164
Total operating expenses	46.7	79	90	108
EBITDA	-40.8	-7	43	56
EBITDA margin (%)	–	–	32	34
Recurring net income	-45.5	-33	30	45
ROCE (%)	–	–	24	32
Issue: Rs 230-Rs 250 per share aggregating Rs 105 crore
Equity Capital	22.53	26.7-27.1	-	-
Fully diluted EPS (Rs)–			11.1-11.2	16.6-16.9
P/E @230			20.7	13.9
P/E @250			20.5	14.8

CHANNEL OPTIONS
Company	Sales (Rs cr)	Net profit (Rs cr)	Price (Rs)	Market cap (Rs cr)	EPS (Rs)	PE
Zee	831.40	66.62	274.80	12979.00	3.98	69.00
Sun TV	321.91	130.23	1541.70	10621.00	23.08	66.80
TV 18	127.10	19.50	606.95	3180.00	11.69	51.90
NDTV	191.29	-6.25	306.85	1884.00	0.94	326.53
TV Today	159.55	27.77	95.40	553.00	0.46	208.00
Sales and net profit are for FY06; EPS and P/E are for trailing 12 months; Price and market cap as on January 11

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

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PrashantS
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Posted: 18/Jan/2007 at 6:02pm

but even if Gbn lists below its listed price ..it is still a god buy.........Basantji please tell us what do u think.....???

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basant
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Posted: 18/Jan/2007 at 7:03pm

I would invest at the IPO price.

'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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patnitin
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Posted: 18/Jan/2007 at 11:31am

Thanks basantjee.

I was thinking of stopping payment considering the response.But the last day subsriptions definetly proved you correct.

Now a days ,these so called experts on many channels are saying that retail investors should check the oversubscription fig. and then only invest.But if the oversubscription changes so drastically on the last date then how can one determine between good issues and over priced ones.

I don't know what they will say in such situations.

One expert who is an expert on IPO's told on NDTV profit the other day that retail investors should apply only if QIB/FII subscription is more than10 times!

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deveshkayal
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Joined: 04/Sep/2006
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Posted: 18/Jan/2007 at 11:35am

Sr.No.	Category	No.of shares offered/reserved	No. of shares bid for	No. of times of total meant for the category
1	Qualified Institutional Buyers (QIBs)	2608695	91975175	35.2571
1(a)	Foreign Institutional Investors (FIIs)		0
1(b)	Domestic Financial Institutions (Banks/ Financial Institutions(FIs)/ Insurance Companies)		48918650
1(c)	Mutual Funds		42916525
1(d)	Others		140000
2	Non Institutional Investors	434783	74087825	170.4018
2(a)	Corporates		61566750
2(b)	Individuals (Other than RIIs)		12309775
2(c)	Others		211300
3	Retail Individual Investors (RIIs)	1304348	55771975	42.7585
3(a)	Cut Off		53224300
3(b)	Price Bids		2547675
4	Employees	217391	669525	3.0798
4(a)	Cut Off		13000
4(b)	Price Bids		656525

Mind-blowing subscription for GBN issue.It will have effect on Network 18..

Edited by basant - 22/Jan/2007 at 5:56pm

"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: 19/Jan/2007 at 1:10pm

One expert who is an expert on IPO's told on NDTV profit the other day that retail investors should apply only if QIB/FII subscription is more than10 times!

________________________________________________________

As foolish as one could get. God bless him and his investors.

'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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basant
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Posted: 19/Jan/2007 at 1:11pm

Just leaving it blank.

'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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