Having listened to multiple confrence calls from the management, absolutely delighted with the great information disbursal by them despite being such a small player limited to only Gujarat and MP

Hi All,

Please have a look at Somi's competitor,Continental Belting,a private co. The following article and video provide some vital info on the industry.

I'm trying to understand what is a belting player's edge over its competition and where does Somi stand on these parameters? Is it the belting fabric? Is it consultation on optimum installation of belts,because its not a plain vanilla application for all and seems lot of customisation is involved? Or is it providing every efficient solution on lowest energy cost/tonne of material handling?

Also,why has Somi given such aggressive targets,we know industry is not so robust both in India and globally? The new product steel cord belts is already being provided by a few players,Continental Beltings being one.

Views invited.

This thread has served its purpose and is now being unpinned/closed.

Today VP audience and readership consists of different kinds of folks with possibly different ideas of how to use a platform like VP to the best advantage.

It again bears re-iteration that for those whose primary purpose at VP is to generate/receive workable ideas, BUT
a) cannot write a balanced post - adhering to VP Guidelines
b) cannot respond/examine counter-arguments to one's invested ideas, and/or
c) do not have the TIME to work further on his/her proposed idea
please DO NOT use the Stocks Opportunity section.

Should you want to just POINT to a new idea with growth momentum or turnaround in fortunes, or change in Management, etc and find that there is no existing thread on that, please use the Company Q&A section instead, that is free-format and does not impose any limitations.

We expect everyone to respect/adhere to VP Guidelines - it is for our own good. If you are a responsible member, you will not expect other members/moderators/admin to clean up after you.

Hi Guys,

This thread has seen active participation by many, and the issue has been discussed form multiple perspectives. Time has now come for VP Core Team to intervene.

From VP Core Team deliberation on issue (Ayush, Hitesh, Donald, Abhishek, Sandeep), two things are pretty clear
1. Subash Nayak has been adding value to VP over last few years
2. His recent conduct is unbecoming of a relatively Senior VP member
a) he has not complied with the guidelines, instead
b) he has been openly mocking Admin in particular, and VP Guidelines in general
c) there is absolutely no sense of identification/belonging/pride with VP Ethos & Culture
d) there is some merit in the "Advertisement" charge being labeled against those who refuse to properly examine/respond to counter-arguments against one's "invested" ideas

Above conduct is pretty damaging and sets a bad precedent if others were to follow in Subash's footsteps. No matter how valuable a member's past contribution, it comes to nought if there is no respect/identification to the Community Ethos & Culture. Subash's recent posts are clearly indicating he is not here at VP to learn, share and grow with us, he is here for other things.

VP Core Team is unanimous in recommending a Temporary suspension (30 days extendable to 90 days) of Subash Nayak's membership.

Some more good news for Wockhardt...

http://www.moneycontrol.com/news/business/will-not-do-any-out-licensingnear-term_4507341.html

Promoter is tight lipped about when US FDA plant approval is coming. I feel it is much better than dropping hints to manipulate market price. Its OK to wait for few more quarters rather than having hopes dashed on regular basis....