Promoters of Kajaria seems to have bough the stake in AGL during this quarter ,
http://www.moneycontrol.com/news/buzzing-stocks/cheri-ceramics-buys-15-lakh-sharesasian-granito_3305101.html
Also, last week Tapan Jena (Ex COO of Somany) is appointed as group CEO,
http://www.bseindia.com/xml-data/corpfiling/AttachHis/DAD865DF_3FE0_40F1_9507_12DC5CC8D98B_120221.pdf
Some good indications.
@hrfacebuk - valuation has been done by two separate entities, including the company's banker, so I assume the price is fair. Also, if you think about it, paying 1.8 crore per annum vs one time price of 16 crore is a very fair deal - it is only 5 years of rent, not to mention the synergies that come with it.
@ashwindamani - thank you. I have high hopes for ITFL, and that makes it all the more relevant that one is careful. On another note, I have sent a physical copy of the letter, an email copy and a follow up to the company secretary but have received no response. Do you know any way I can pressure them to respond or at least acknowledge my mail? Does it count as an "investor grievance" which the quarterly results disclose?
Could someone proficient in charting share their technical view on the Kitex Chart?
Persistent Q results are out. Better that expected. Revenue growth in INR is up 16.9% YoY and 8.5% QoQ. PAT up only 0.7% YoY but 6.9% QoQ
See the results link
http://www.moneycontrol.com/stocks/reports/persistent-result-press-release-fact-sheet-for-september-30-2015-2106081.html
Today concall at 5PM India time.
Disc : invested
http://www.adi-mps.com/Investors/pdf/MPS%20Q2%20FY16%20Concall%20Invite.pdf
Concall at 4:30 pm today.
Dial In Numbers:
+91 22 6746 5870
+91 22 3960 0670
The numbers listed above are universally accessible from all networks and all countries.
Local Access Number (Delhi, Chennai, Hyderabad, Bangalore, Kolkata):6000 1221 (Accessible from all
major carriers except BSNL/MTNL)
Local Access Number (Gurgaon (NCR), Bangalore, Kolkata, Cochin, Pune, Lucknow, Ahmedabad
and Chandigarh): 3940 3977 (Accessible from all carriers)
Does anyone have the dial in numbers for the post results conference call.
Glad that someone is thinking independently and going into details
As a thumb rule always compare Sales Growth with receivables growth. Gives a lot of insights if sales are real or cooked up.
Im not saying that Indian Terrain has cooked up books, but this is definitely a red flag.
@atishay1, Company is paying MAT as Company has tax free income from its captive power plants.
Just wondering if it is possible for somebody to confirm the rates in the same area to verify if the deal has been concluded at arms length. I did try digging online but didn't get much.
Regards,
Hitesh.
