I didnt understand "large retailers are blocking inventory"
Are they not buying borosil products or have they booked large quantities in anticipation of rush in forthcoming festival season.
I didnt understand "large retailers are blocking inventory"
Are they not buying borosil products or have they booked large quantities in anticipation of rush in forthcoming festival season.
Had a chat with an analyst who recently contacted the management regarding the equity dilution. The management said when they acquired the company it had very bad financial condition and debt to equity was 3.4 with accumulated loss of 48 million. More debt required for growth at that point would have been disastrous. Hence they issued warrants and it was converted in a staggered manner. At the moment there are no outstanding warrants against the promoter management sounded very positive about it's financial health.
I am looking out for good stocks to construct long term portfolio. I have two frontline stocks Marico (at 405) and DHFL(at 433). I bought them just few days back.
promoters would hardly have time to talk to individual investors until and unless you have strong stake in the company. Also, replied are always supposed to be curt, why would anyone write more than what is required? Without attending AGM, passing a quality remark against management is not the best idea. Anyways, I am not here to defend anything and believe strongly in the company, its management and its future
Thanks Saji for your reply.
i have not seen this in depth but any idea why the return ratios are so bad for this company?
Yes, looks like break down in Page is a signal that things will start looking better. Usually, in the last phase the strong stocks break down as people sell the ones which fell less in order to switch to more beta names to get that quick buck. This may be the reason why Eicher, Ajanta broke down today intra day. I may be wrong here!
Good that Page is holding 13000 on a closing basis.
Disclosure: I hold Page.
BTW, as expected the stock has corrected good 25% from the top. I haven't seen such deep correction in Page. Non-believers would say "I told you so" while faithfuls would say now is the time to get in!
Disc: invested with high allocation.
What was the findings during the visit to the plant.. Can somebody throw the light on the same?
i think we have more such companies..tata also has a similar company. The prob is that without any business model der is no trigger of rerating. it will always be available at a discount.
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