Acquisition was done on 6-May. This is not new. Also consolidated results could be expected in year end. Jauss Polymer at the time of acquisition was around Rs.15 and now it is 23. My views are management neutral. I would like to see the nos. and on Half yearly basis P/L looks fantastic. On Balance sheet side does not look extra ordinary but decent.
- Increase in Long term borrowing could be price of acquisition built in. Not sure ?
- Good Improvement in Current Liability section.
- Management has 73.66% holding still
- All three plants in Tax free zone
- Trade investment in Jauss Polymer is up 50%.
It would be in their best interest to merge Jauss Polymer with In Pack as they have 74% holding here and cost of operating / filing 2 cos. But these are wild guess. Lets see. Philosophy is
I got nothing to lose, much to gain.
av_30.
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