Multibaggers Ideas

Result Update - Ceejay Finance

Excellent Numbers released by CFL YoY. June has always been weak quarter. But CFL buck the trend by posting higher revenue and profit.

Revenue up 35%
Net Profit up 65%

For FY 18 CFL can post Net Profit of 6 to 6.5 Cr giving EPS of 17 to 18 per Share.

 

Why do you say buy these stocks? They are under bankruptcy code and proceedings are on. wont we loose money if assets are auctioned to pay lenders?

 

Insolvency doesn't means bankruptcy always . Because of huge debt only these companies are available at throw away prices . Amtek and Monnet both are having quality assets for which will lure buyers . This story will slowly umwing in 4-6months.

 

Upper Circuit started ......

 

Hi vinmech,
U have been great ......any new idea for short term?

 

Short term means 3 months .
1. Torrent Power
2. IMFA
But don't buy immediately . Market is heated up and give a good chance to enter at lower levels.

 

Thanks sir....What about RAMA STEEL and Loyed electrical and engg...both I am holding...

 

Both r good stocks . Specially Lloyd electrical is one of the cheapest among consumer durable stocks . But the problem there is management is not transparent . After giving Rs20 special dividend from Havells deal , they r not disclosing abt the remaining 1200Cr. . Whether it is being used for debt reduction or capex nobody knows. Even there is no mention of that money in recent Q1 results . Wait , AGM is scheduled on 26th Sept .

 

Great Sir...thanks a lot....

 

My Portfolio with stocks i will add on every 5% decline from CMP :
1. Tata Motors
2. Edelweis
3. Torrent Power
4. Cochin Shipyard
5. Man Infra
6. JSPL
7. GVK Power
8. Amtek Auto
9. Monnet Ispat

 

Please enlighten us how did you select these and what kind of returns you are expecting

 

IMFA almost 20% up in 3 days

 

Great sirji...let us know if any new one for short term

 

FCEL can touch 50

 

Thanks

 

FCEL...is that FUTURE CONSUMER LIMITED?

 

Yes quoting at 46. Also keep eye on Prakash Industries . Available at attractive valuation .

 

Thanks

 

Great analysis upon PRAKASH IND. I just missed it

 

Vinmech sir from today onwards I will call u Guru ..get sirji...waiting for the next one..