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RAKESH
Groupie
Joined: 17/Aug/2006
Online Status: Offline
Posts: 93
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   Topic: Infoedge-About Jobs,marriages & real est.
Posted: 19/Oct/2006 at 4:38pm |
sir,how good is the new ipo info edge it has great sites like naukri.com etc can i invest in it (are the valuations cheap)
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 19/Oct/2006 at 4:54pm |
This could become big. really big keep a very close eye on this. It is an extension of our Internet story.But the valuations appear a bit stiff compared to the other player TV18 which looks to be very very attractively valued.
Info edge holds interesting properties like 99 acres.com; naukri.coim; jeevansaathi.com.
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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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manishdave
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 1371
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Posted: 19/Oct/2006 at 10:01am |
Info Edge should list @ trailing p/e of 80-100. If it lists at p/e of 50-60 it is bargain. Rediff is priced @ 30 times sale of '05 and that includes a Newspaper in US where margin/growth are not comparable to portal. But their margin on partal is 75% which is much higher than Info Edge. Both brands are strong so my estimate is 1200Cr mkt cap on listing. Besides this is first and only pure portal listing so there is going to be demand at any price.
Can somebody give information on ipo priceband?
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 19/Oct/2006 at 10:09am |
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Manish I think it is around Rs 290. Last year they made a US 3 million profit and had sales of US $ 18.6 million. SO trailing PE is 58 times on IPO price. Listing will be at 30% - 50% premium (scarcity factor). I ma sure once the stock lists people will look at it not just from a PE point of view. The operating leverage is immense for portal companies.
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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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India_Bull
Senior Member
Joined: 19/Sep/2006
Location: United States
Online Status: Offline
Posts: 2296
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Posted: 22/Oct/2006 at 11:02pm |
Hi,
Do anyone has any idea when this IPO is going to be open? Looks one of the interesting new IPO apart from DLF and MCX.
Could soemone pls explain the relation between Fin Tec and MCX?
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India_Bull forever Bull !
www.kapilcomedynights.com
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 22/Oct/2006 at 8:56am |
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The Infoedge IPO shoulkd open on the last week of Oct and merits subscription. Fin tech holds 61% in MCX and that value unlocking will happen once MCX comes out with its IPO.
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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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reetesh
Senior Member
Joined: 01/Sep/2006
Location: India
Online Status: Offline
Posts: 793
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Posted: 05/Nov/2006 at 3:22pm |
Sir, People are so euphoric about Infoedge as Internet play but actual Internet revenue is very little, they just have a frontend which is a portal except that there is nothing as far as Internet goes and very little revenue come from there, so whats the buzz? If Infoedge is Internet play then India Bulls,Geojit,Indiainfoline is as much a Internet play as is Infoedge is if not more.. Just a tought...
Any view on Zodiac Clothing as premium retail & brand play this is one of my 10 bagger...
Edited by reetesh - 05/Nov/2006 at 3:27pm
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When going gets tough, that’s when tough (people) gets going.
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reetesh
Senior Member
Joined: 01/Sep/2006
Location: India
Online Status: Offline
Posts: 793
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Posted: 05/Nov/2006 at 5:59pm |
Yup Zodiac still holds 1.2 million shares or around 3% in Shopper Stop.
About Infoedge I will again repeat that very little revenue is coming through there Web Site(s), it is just acting like an enabler. I agree with your figures that they will do but how much is through their web site(s)? Answer is very little...
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When going gets tough, that’s when tough (people) gets going.
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