Posts in category Value Pickr
Arvind infrastructure: Godrej Properties in the making? (09-11-2015)
Hey Chintan, thanks for your honest view on the Uplands and beyond 5 projects.
From their most recent press release -
Uplands - Total units available for sale 282, Units booked till data 94. Exactly a third (Pre launch) Based on the pictures posted in their quarterly presentation, I don't think even the gold course is ready yet let alone a model villa. And the targeted completion date is 2020. So I would assume super early days, in spite of having nothing to show far, no golf course, model villa, I'm quite surprised with the response they have received. Did you get a chance to visit Uplands personally? Your views / scuttle but with the on site staff about response etc. will be greatly appreciated.
Beyond 5 - Again, super early stage of the project apparently (would appreciate it, if you can update us on this if you have visited the location) Totally agree with you (I have the same point of view) don't understand why people would want to buy so far away from the city. But keep in mind this is just a weekend home, a get away from the noise & pollution of the city, so not too sure how relevant things like no grocery stores etc is, as it is meant just for the weekends.
Since you are in Ahemdabad, as and when you get the time could you maybe visit these locations, speak with the actual on site construction supervisors to get their views on is construction delays if any, the customer profile (who are these people that are buying these villas) so that we can get a more qualitative understanding of Arvind infra's biggest projects?
It would be a great help if anyone from Ahemdabad could do this.
Thanks
Page industries (09-11-2015)
With most of the good companies reporting flat growth, page seems to be doing alright. I am looking forward to a turn around in the next quarter due to festival season.
Disc: Invested
Arvind infrastructure: Godrej Properties in the making? (09-11-2015)
Agreed Chintan. But I think Golf Villas make sense somewhat far from city boundries only. I mean it will take crores to get a golf villa near 5 km from Ahmedabad since as I understand the areas in outskirts are currently priced at hell expensive rates.
Arvind infrastructure: Godrej Properties in the making? (09-11-2015)
I am originally from Ahmedabad and checked locations of Uplands and Beyond 5. These are atleast 10 km away from the periphery. Most sane people wouldn't even consider buying a farmhouse at location of Beyond 5. Reminds me of Adani Shantigram 10-15 years back. Many HNIs bought villas but didn't have anywhere to buy even basic ration within few km. However, just because I can't understand why people buy at such locations doesn't mean people don't or won't. Most often it's the pump and dump strategy and fear of missing out. The prices seemed slightly on the higher side for these far-off locations.
I've not stayed much in Ahmedabad in last 5-6 years, so might not have caught up with inflation or periphery expansion.
Page industries (09-11-2015)
i normally buy jockey from online through jockey e-commerce site. no bad experience till date.ya riche's may be right, no argument. it was just my thought. my guts feeling is that it will wait for the earning to catch up in this range. i can be wrong also as i dont understand or follow technical chart.
Lloyd Electric & Engineering Ltd (LEEL) (09-11-2015)
Revenue for Quarter Ended Sep 15 399 (304 for Sep 14)
Net Profit for Quarter Ended Sep 15 10.48 (4.39 Sep 14)
As per me the results are ok as September is the weakest quarter for Consumer Durable comapnies.
However one Negative that i feel is that compared to Sep 14 quarter the profit in Consumer Durables segment has decreased.
@RajeevJ and other seniors tracking this company would love to have ur views on the results.
Regards,
Kapil
Eros international (09-11-2015)
there's a lot happening on social media and this subsidiary financials auditor's note is the latest after Q2 results
Page industries (09-11-2015)
Hi S Das, I agree with you. Tho riche's head and shoulder and a target of 10000 was interesting and scary. And he maybe right. But the kids wear and the online portal should be the next drivers. As fr the online sales, I am a bit curious. Will these bring offline sales online? Page has abt 30,000 points of sale. Would online complement offline sales, which means growth in revenue+online revenue? India has a low broadband penetration, i think abt 20% as compared to S Korea or Japan with more than 70%. And the overall scenario says 40% of all retail sales wld be online by 2020. Just to give an example, Maggi was back today, sold online thru snapdeal.
Chembond Chemicals- A Perfect Misvalued Bet (09-11-2015)
This was mentioned somewhere in their website or through their concall.
Direct competition would be companies as Omkar, Gulshan Polyols, Grauer etc
Disc: Invested