tag:blogger.com,1999:blog-3120517700412488632.post4151440344573376163..comments2023-10-11T04:04:02.959-07:00Comments on Value Investing to Investing Values: Nesco LtdNinad Kunderhttp://www.blogger.com/profile/14275940021296930028noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-3120517700412488632.post-14904275822887294502012-01-21T23:35:50.231-08:002012-01-21T23:35:50.231-08:00Hi Sameer
The difference is to assign some proba...Hi Sameer <br /><br />The difference is to assign some probability to the risk that Disney could reject the discovered price. <br /><br />Also it will take about 2 - 3 more months before the company is delisted and you can tender the shares to the company. So the gap also covers for the cost of capital for the 3 month period. <br /><br />Cheers <br /><br />NinadNinad Kunderhttps://www.blogger.com/profile/14275940021296930028noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-86752156887818464722012-01-20T02:10:19.480-08:002012-01-20T02:10:19.480-08:00Hi Ninad,
A leading financial house is conducting...Hi Ninad,<br /><br />A leading financial house is conducting a bloggers meet to discuss Infra bonds in India and impact on it because of budget on the 28th of Jan, 2012.<br /><br />Kindly share your email id and contact no. with me so that we can take this forward.<br /><br />Warm regards,<br />Priya Chavan<br />priya.chavan@adfactorspr.comPriya Chavannoreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-4381420750746070092012-01-19T22:53:38.649-08:002012-01-19T22:53:38.649-08:00Hi Ninad,
Look at current RBB data for UTV.
20th J...Hi Ninad,<br />Look at current RBB data for UTV.<br />20th Jan 2012, 12:10:10pm<br /><br />CMP : 1053<br />bids at 1100:4575458 cumulative bids ipto 1100: 8163201<br /><br />Clearly discovered price as per definition in SEBI regulations is 1100 and still UTV quoting at 1050.<br /><br />Is this huge 5% difference only because of risk that "UTV will discard discovered price of 1100"????<br /><br />Knowing that everybody has access to this data, what is rationale behind this 5% difference???sameerhttps://www.blogger.com/profile/05869170720607504112noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-19391193209711436382012-01-17T02:45:04.918-08:002012-01-17T02:45:04.918-08:00Hi Sameer
No u r not missing something. But if e...Hi Sameer <br /><br />No u r not missing something. But if everybody thinks alike then anyway the delisting itself will fail. So in effect a lose-lose situation and hence providing u no option in the situation itself. <br /><br />Cheers <br /><br />NinadNinad Kunderhttps://www.blogger.com/profile/14275940021296930028noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-71376524332616541592012-01-17T02:18:35.861-08:002012-01-17T02:18:35.861-08:00Hi Ninad,
so, assuming no one thinks selfish like ...Hi Ninad,<br />so, assuming no one thinks selfish like me:), why should I ever participate in bidding process as I can sell promoters after everything(all delisting processes/steps) have finished?????<br /><br />I mean there no advantage of "participating" over "no participating"<br /><br />but there is disadvantage of "participating" over "no participating"(not immediate exit in case delisting fails as explained by Prof.SB in his post)<br /><br /><br />OR am I missing smething<br />Regards<br />Sameersameerhttps://www.blogger.com/profile/05869170720607504112noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-65269162032282255262012-01-17T01:59:31.751-08:002012-01-17T01:59:31.751-08:00Hi Sameer
1) The promoter will buy it at 2500
...Hi Sameer <br /><br />1) The promoter will buy it at 2500 <br /><br />2) You can sell the shares back to the promoter at Rs 2500 post the stock getting delisted from the exchanges for a period of one year. <br /><br />Yes I m involved on the UTV delisting like my friend Ankur. <br /><br />Cheers <br /><br />NinadNinad Kunderhttps://www.blogger.com/profile/14275940021296930028noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-32052405987449866162012-01-17T01:40:42.228-08:002012-01-17T01:40:42.228-08:00Hi Ninad,
Are u playing UTV delisting?
http://calc...Hi Ninad,<br />Are u playing UTV delisting?<br />http://calculatedwagers.blogspot.com/2012/01/utv-software-communications-move-to-go.htmlsameerhttps://www.blogger.com/profile/05869170720607504112noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-91727742725907119692012-01-17T01:24:19.347-08:002012-01-17T01:24:19.347-08:00Hi Ninad,
just a small question (e.g.atlas copco)...Hi Ninad,<br /><br />just a small question (e.g.atlas copco)<br /><br />After bidding done, discovered price by promoter is 2500. <br /><br />1)If my tender price is 2300 then would promoter buy it at 2300 OR 2500<br />2)If my tender price is 2700, will I have chance to sell them at 2500??sameerhttps://www.blogger.com/profile/05869170720607504112noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-86317344296830501612012-01-16T19:34:40.651-08:002012-01-16T19:34:40.651-08:00thanks ninadthanks ninadsameerhttps://www.blogger.com/profile/05869170720607504112noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-83868537284896152882012-01-16T04:31:53.122-08:002012-01-16T04:31:53.122-08:00Hi Sameer
I had written a guest post on Rohit...Hi Sameer <br /><br />I had written a guest post on Rohit's blog on delisting explaining the thought process that I look at. The link is enclosed below. <br /><br />http://valueinvestorindia.blogspot.com/2010/02/special-opportunity-framework.html<br /><br />Trust this can answer some of your queries. <br /><br />Cheers <br /><br />NinadNinad Kunderhttps://www.blogger.com/profile/14275940021296930028noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-35783703707378006192012-01-16T00:37:43.670-08:002012-01-16T00:37:43.670-08:00Hi Ninad,
I was going through this interesting art...Hi Ninad,<br />I was going through this interesting article<br />http://economictimes.indiatimes.com/features/investors-guide/investors-should-look-for-potential-delisting-candidates-such-as-oracle-fin-gillette-india-blue-dart-express/articleshow/11488451.cms<br /><br /><br />As new investor, I have no idea about how should we play/handle these situation.<br /><br />Can u share detailed steps that takes place while delisting and what retail investor has to do???<br /><br />Regards<br />Sameersameerhttps://www.blogger.com/profile/05869170720607504112noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-64989151563596473052012-01-12T22:14:22.609-08:002012-01-12T22:14:22.609-08:00Hi Srinath
Thanks Srinath. Will drop in on u r b...Hi Srinath <br /><br />Thanks Srinath. Will drop in on u r blog. <br /><br />Cheers <br /><br />NinadNinad Kunderhttps://www.blogger.com/profile/14275940021296930028noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-19366290662324339082012-01-12T22:12:11.589-08:002012-01-12T22:12:11.589-08:00Hi lemasolai
I am at no point arguing at the meri...Hi lemasolai<br /><br />I am at no point arguing at the merits of the business as well as the thought process of the management. <br /><br />Having said a good business/ company need not necessarily be a good investment. There is definitely value in the company and predictable cash flows. The key is to ascertain whether value doesnt transform into a value trap bcos of corporate actions. <br /><br />Cheers <br /><br />NinadNinad Kunderhttps://www.blogger.com/profile/14275940021296930028noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-81406529424971619942012-01-12T14:42:58.205-08:002012-01-12T14:42:58.205-08:00Hi,
The other good thing I noted is that its a deb...Hi,<br />The other good thing I noted is that its a debt free company. But as you have suggested , lets wait and watch.<br />I like your blog.<br />I am trying to create one on my own as well and its URL is http://smartinvestments-srinath.blogspot.com. Please visit it and drop in your comments.<br />Thanks<br />SrinathSrinath Rajahttp://smartinvestments-srinath.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-29109337653056117532012-01-12T10:27:32.438-08:002012-01-12T10:27:32.438-08:00An IT Park @ Bombay Exhibition Center makes a lot ...An IT Park @ Bombay Exhibition Center makes a lot of sense for the following reasons :<br /><br />1) Its bang on the Western Expressway.<br />2) The local stations of Goregaon and Malad are at a stone's throw from there.<br />3) The surrounding residential areas have reasonably comfortable rentals and living conditions.<br />4) Jogeshwari-Chembur Link Road is also functional now, which gives it access to eastern parts of Bombay.<br />5) Most of the IT companies in Bombay are at Mindspace,Malad...reaching which is a pain. The others are either at Ghorbunder Road or SEEPZ,Andheri.<br />6) Only the land bank of Godrej @ Vikhroli can compete with this size of a land bank.<br />7) However I beleive NESCO will trump the because of the above factors and also such close proximity to Airport and Hotels.<br /><br />PS : I am just a student of Marathe Sir, what I have mentioned above r my views only .lemasolaihttps://www.blogger.com/profile/05791213448752682478noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-42121872809973045302012-01-10T05:29:48.804-08:002012-01-10T05:29:48.804-08:00Hi Vijay
I woudn't completely write off the ...Hi Vijay <br /><br />I woudn't completely write off the company. At a price and time every thing can become attractive. <br /><br />I think the key is to have visibility in terms of what the management intends to do with the cashflows and how much of it will come down to the shareholders. <br /><br />Cheers<br /><br />NinadNinad Kunderhttps://www.blogger.com/profile/14275940021296930028noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-18322232099470738492012-01-10T05:20:00.495-08:002012-01-10T05:20:00.495-08:00I do not see much value based on all the facts nar...I do not see much value based on all the facts narrated by Ninad in his most comprehensive analysis.The piece of land no doubt is extremely valuable but how is this being put to use is highly debatable.Convention Center is a great idea but it may not be of much value unless it is world class. If this is primitive- this will be a losing business in the future.IT industry is also moving to Tier-II cities as rightly pointed out by Dhwanil- so I do not see much potential even on this count.Good Luck to NESCO..vijay50noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-58191932644530630052012-01-10T02:33:14.788-08:002012-01-10T02:33:14.788-08:00Hi Dhwanil
Thanks for u r views. Will visit u r ...Hi Dhwanil <br /><br />Thanks for u r views. Will visit u r blog and come back with my thoughts on the companies that u have mentioned. <br /><br />Cheers <br /><br />NinadNinad Kunderhttps://www.blogger.com/profile/14275940021296930028noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-10949023164936062452012-01-09T00:51:12.552-08:002012-01-09T00:51:12.552-08:00Hi Ninad,
An excellent analysis indeed. I think, ...Hi Ninad,<br /><br />An excellent analysis indeed. I think, independent evaluation of the same stock by you, rohit, and niraj is an excellent idea. <br /><br />NESCO has passed most of the quantitative filters/criterea that I have evolved for investment, however what is holding me back is the business part of it. I am not very comfortable with the quality of business. As you very rightly mentioned, the biggest achievement for NESCO is piece of land that is fortutiosly acquired long time back. I am not able to visualise, where NESCO will be (in terms of business) 10 years down the road.<br /><br />Regarding, convention center business, I have had a firsthand feel. I have attended 3 exhibitions at BEC. When I compare BEC to some other exhibition centers in hyderabad, Gurgaon, Delhi, I feel that the infrastructure/management of the convention center is very primitive. Thus, I would not put my money on NESCO managing many more convention centers for sure!<br /><br />In my opinion,NESCO can be considered as an asset play where it should be evaluated against the value of asset with appropriate discounting applied to asset plays.<br /><br />It would be interesting to receive your comments on some of the ideas that I have namely JB chemicals, Mayur Uniquoters, Oriental Carbon, and Sintex. you can view my analysis at http://valueinvestinginpractice.blogspot.com/Dhwanilhttps://www.blogger.com/profile/02537043667425952923noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-58109576916215998822012-01-08T21:06:45.398-08:002012-01-08T21:06:45.398-08:00Thanks Gian.
However the objective as I said was...Thanks Gian. <br /><br />However the objective as I said was really to come up with different perspectives to the same set of data <br /><br />Cheers <br /><br />NinadNinad Kunderhttps://www.blogger.com/profile/14275940021296930028noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-52891305538793814302012-01-08T21:05:48.083-08:002012-01-08T21:05:48.083-08:00Thanks Neeraj.Thanks Neeraj.Ninad Kunderhttps://www.blogger.com/profile/14275940021296930028noreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-42424549716762980892012-01-08T12:47:14.840-08:002012-01-08T12:47:14.840-08:00Out of the three analysis , I like urs best. Thank...Out of the three analysis , I like urs best. Thanks. <br />GianAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3120517700412488632.post-78547741736400231162012-01-08T01:40:55.605-08:002012-01-08T01:40:55.605-08:00Doode,
Your final conclusion makes a lot of sense ...Doode,<br />Your final conclusion makes a lot of sense to me..<br />cheers!<br />NeerajNeeraj Marathehttps://www.blogger.com/profile/03486291069433987277noreply@blogger.com