Delta Corp is another stock that has flattered to deceive. In August 2011, Rakesh Jhunjhunwala bought a massive chunk of 1.55 crore shares in the hope that the “first mover advantage” that the Company had in the casino and gambling business would give him bumper profits. He also declared publicly that he was “very excited” by the prospects of Delta Corp.
However, man proposes and God disposes. For one reason or the other, Delta Corp floundered and the “bumper gains” that Rakesh Jhunjhunwala was fantasizing about never came to be seen.
Just when everyone had given up on Delta Corp, Niraj Dalal of 3A Capital Advisors revived it and brought it back into the investors’ radar. In an interview to CNBC TV18, he recommended a buy of the stock on the basis that the management is now totally focused on the core business of casino/ gaming and that the gaming positions could double in the foreseeable future. He also explained that the casino business is a huge cash generator and that it enjoys abnormally high EBITDA margins of upto 45%. After a bit of number crunching, Niraj Dalal opined that the present gaming revenues of about Rs 250-300 crore (from Goa) can jump to Rs 500 crore as soon as the Daman operations start.
Well, Niraj Dalal’s analysis has received the ultimate endorsement now because Rakesh Jhunjhunwala bought a further chunk of 25 lakh shares of Delta Corp today at Rs. 89 each.
This means that Rakesh Jhunjhunwala’s present holding in Delta Corp is 1.80 crore shares valued at Rs. 176 crore at the CMP of Rs. 98.
Whether Niraj Dalal’s calculations come true and whether Rakesh Jhunjhunwala makes his much awaited bumper profits from Delta Corp requires to be seen.
These both gamblers have really proven themselves by betting heavy on Delta.
Now they will sing a song on Modi wave in Delta too. Guys just use your brain and kick such low esteem investors / stocks.
useless stock with pathetic corporate governance. you have better odds of making money if you go and play at the black jack counter of any casino.
About Delta Corp: growth etc. personal view only
If we need to develop tourism industries in our country. First of all if we talk about developed nations for example Singapore or other European countries or Macau or Hong hang or Malaysia or other nations they have licensed Casino’s .
If we need economy to grow , where consumer spending, where people need entertainments more, If we can allow alchol sales, diabetics disease growing ( sugar sales not highly taxed on sweet stalls etc)
Why not we allow more ferries, or this type of license approval industries where it can be monitored or have some slabs or filters.
So that more people can come to tourism games, and more tourism beaches can be developed,
for populations of India only one State Goa has facilities of Delta Corp type of business.
My personal thought this type of industries should be encourage with govt approvals and monitor so that our economy develops, people have more entertainment funs, relaxations.
If Singapore can generate revenues like this or other countries for example. Indian travel overseas for entertainment.
Why not we allow and make our tourism place more hygienic clean environment, eco friendly more organised revenue generating spots with clean infrastructure build like hotel, natural beauty , ferries, casinos, on on.
this not only boost revenue it can create employment in different sectors for this huge populations
Respected Sir,
I am authorised representative of 3A Capital Services Limited which is duly incorporated and registered under Companies Act and have a complete profile at MCA portal.
We hereby got the information from your website that the person name: NIRAJ DALAL is acting as an expert of 3A Capital Advisors. As the name 3A Capital Advisors is similar with our Company name 3A Capital Services Limited, and we are unable to trace the company name as 3A Capital Advisors on the MCA portal.
We hereby call upon you to please change the name of 3A Capital Advisors which looks similar to 3A Capital Services Limited and we received certain calls from clients stating that 3A Capital Services Limited as acting as an expert as 3A Capital Advisors on the webportals and website, which is false.
As we are unable to trace NIRAJ DALAL and request you that if you have any contacts or information about NIRAJ DALAL, please intimate him to stop using the name of 3A CAPITAL as it is registered on our company name or inform us the contact details of NIRAJ DALAL, so we can initiate appropriate actions against him.
Please take this matter on the serious cause as it is eroding our company goodwill in market.
Regards,
Kulvir Singh
Executive- Legal Department
3A Capital Services Limited