Ramesh S Damani : Hello everyone thanks for joining, let's start.Generally catching up on some magazines.
maneeshk : Good afterroon sir, Indian Toners with a net profit of Rs 5 Crore on the equity of Rs 8 Crore which generates an EPS of Rs 6.25, the book value stands at Rs 22. The PE for a co. in this business is normally 15. Looks good at CMP of 19. Have you looked at it?
Ramesh S Damani : I have not. The logic seems there.
WARRIER : I MISSED BALMER LAWRIE AND INSTEAD BOUGHT INTO BALMER INVESTMENT,BUT IT DOESN'T SHOW ANY MOVEMENT,IS IT WORTH HOLDING ON TO?
Ramesh S Damani : It is an investment company and not operating hence price movement lags.
WisdomMan : There is a corporate development in the offing in Jindal Photo (CMP : Rs 313). FII, Prudential is mopping up huge quantities of Jindal Photo at current levels based on the information available to them. Would request to comment on Jindal Photo for the benefit of the readers.
Ramesh S Damani : I don't follow the company.
nimesh : Hi Mr damani, had the pleasure of interacting with you in Adv seminar of CNBC
Ramesh S Damani : Thanks for joining in.
Vatsal : Sir, What are your views on Midcap IT Companies, since there valuation is cheap compared to Large IT Companies. The Dividend Yield is also better. One such example is Blue Star Infotech with Dividend Yield of 7%, if Div for 2003-4 is maintained. Is this not attractive for considering it is in IT business. For that matter in any business. Even if it declares Div % of 2002-3 the yield works out to about 5.85%.
Ramesh S Damani : It does. However, I think growth has been sluggish in the co hence the low discounting.
PKM : Sir, it is your advices which is delivering bumper fruits. Have very decent profits in TCI. Bought at 96/- 500 shares and still holding. Is it good to hold on?? I do have banco Products, Nucleus, Mid Day, EIH Associate, and Sh Rajasthan texchem.
Ramesh S Damani : These are generally good companies doing well.
Vatsal : I am a great admirer of yours, I have gained a lot financially and otherwise from your advices. I have taken exposure in Linc Pen, Colgate and Tata Elxi following transcripts of your chats. Will the same story is possible in TV Today and VST Ind.
Ramesh S Damani : That is for the market to decide, I do like these companies.
coolrks : Hello Sir, This side rajesh singh , got your mail thanks for that. I have seen your interview taking stock .In that you metioned about logistci companies, is it viable to buy at current price and one more thing you mentioned mid cap Tech , other than Nucleus which one you suggest
Ramesh S Damani : I have been recommending Logistcs since six months. I like Tata Elxsi. Among the smaller tech stocks make a basket of Encore, Logix and Virinchi. I own and trade in them.
yourstudent : sir good evening. i am in heavy losses. now i am afraid to buy any thing at this moment. do u suggest investors to get in stocks like tisco,telco,sbi,maruti. please reply sir
Ramesh S Damani : One must analyse and see why they made mistakes. Do some introspection.
WARRIER : UB holding ,a holding co is showing great promise,however balmer investments does not budge,your expert comment on this?
Ramesh S Damani : It takes time. Just because we buy it doesnt mean it moves. UBH was trading in a range for 2 years.
Sharad : SIr, What is the correct way of identifying a good comp, for long term investment..Low equity-High resv, with good sales & net increase or sales to mkt cap ratio ?? (what is ideal sales / mkt cap. ratio ) you normally look for????
Ramesh S Damani : Cannot be summarised in a few sentences. It takes a lifetime to become good at it.
Rajan : I missed the MCDowell,UB and GATI too. What is ur view on ur favourites TV Today,Bank of Punjab, Arvind products, Venkys and Mount Everest
Ramesh S Damani : They are all future players, keep an eye on them, but they are at the current time immature and volatile.
maneeshk : WODS....Next Gen, Maulik's interview was excellent... The guy was bang on.... amazing command over the language and clear thoughts. kudos to both of you for an excellent episode
Ramesh S Damani : It was a treat interviewing him.
SingaporeJB : Sir did you look at the Venky's result. EPS 17.76. Can we accumulate at current price?
Ramesh S Damani : Looks good to me.
theblues : i bought 8000 shares of Bank of Punjab @32.40 ten months back.How are the prospects for this bank? Can i hold or exit at this stage?
Ramesh S Damani : Over time they will be sold to a major bank in the West.
yourstudent : sir i want to join you as your student. can i join. sir i am a great admirer of yours. when ever i see you on cnbc i dont leave it. i am eager to join you. my email is ddrpk@yahoo.com. can i join you sir... please reply sir
Ramesh S Damani : Unfortunately I am not hiring.
RKSingal : BALMER LAWRIE:- I think it Should surprise us on the upside. Looking at their Logisitics business the operating profit out of this business would be more than 52 crores for the whole year. Their CFS at Kolkata is a clear monopoly and with trade from China growing do you see good upside in that ?? Looking at the valuations of GATEWAY DISTIPARKS i think Balmer Lawrie is cheap. Their Logistics business only should be valued more than the current market cap of 450 crores. After the Q4 results if they comes in line with the exepectaions (i.e. consolidated net profit of about 40 crores), would you recommend adding it at the current levels ???
Ramesh S Damani : I dislike commenting at every price on the future. My preference is known.
coolrks : Sir , i did had the Gati and sold at 188. I just want to know whether should i take the position now also. Nucleus i have taken and kept it for a while now.
Ramesh S Damani : I would hold on to Nucleus.
ramk : Ramesh, thanks for your great advice on TCI. I am sitting on good profits. Would like to buy more? Do you still think steam is left in this?
Ramesh S Damani : Don't try and time the market.
romit : Sir, I meet you quite often due to my profession. But i never ask you any question on stocks i own as i feel it is not good. I do own TCI but do not know when to exit. I do not have any need of money. can you say this today??
Ramesh S Damani : Where do we meet? I remain bullish on logistics.
SCRIPPY : Respected Sir,I have been a follower of yours for a few months. I had asked you about Todays Writing Products when it was priced at 35 levels. I had felt a hundred percent appreciation from those levels. But you were not very convinced. However I went on and invested as in your chats you also tell us that 'If you have the conviction invest". It feels great Sir when my targets were acheived and my calculations came true. Thanks a lot Sir for the confidence.
Ramesh S Damani : Good luck and continue to invest with conviction. Remember, it should not be price appreciation alone that brings conviction.
bc : There is a Morgan report that says Rupee appeciation possibility is practically nil. In that context, don't u think IT companies (especially smaller ones that can grow faster), are a trifle undervalued?
Ramesh S Damani : I have not seen it. Sounds interesting.
ahmedabadguys : Sir Gati has been in news after ET broke news about possible buyout by TNT..Company denies the news item..Do you see Gati can fetch 500 cr. as valuation going by your experience in following this kind of compnies????
Ramesh S Damani : I am not sure it is for sale. If it was it could get a good management premium. Exact figure is hard to say.
Vatsal : Do ill liquid shares gives better return in long term if the Company / industry starts performing. During last few months return from DISA India, Linc Pen were almost 100%. Am I thinking on the right track.
Ramesh S Damani : Do your homwork, get the company right the rest works out.
Rajan : I prefer buying small shares in good volumes and hold. Am I right. Or MidCaps are the best. What is is ur opinion.
Ramesh S Damani : The best is being good shares at a discount to value, (mid, large,small is not relevant).
ahmedabadguys : Sir have you looked at Thirumali chemicals..This year topline growth 30% .5 rs. div. last year. prise 125..good mangement...your views please
Ramesh S Damani : I think sister company ULTRA marine is having a great run.
chandani : sir you ha d suggested SIMPLEX CONCRETE BEFORE ABOUT 8 MONTHS i did buy but exited at around 150 i know it is futile to repent as it is sheer LUCK to earn in this market [more] so which are the companies you can suggest which we can keep for LONG time//???
Ramesh S Damani : Keep reading the transcripts for any new ideas.
sree : sir u r take on patel-on board undervalued stock as compared to blue dart and gati .bv is 48 cmp is 22 trading at p/e of 6.6. u r take please
Ramesh S Damani : It is a weaker company.
Singaraju : NUCLEUS is quoting at fy05 be of 14-15.What is the forward be(fy06) in your openion?
Ramesh S Damani : They are doing well. I don't have exact estimates.
rkjod : Sir few months ago you have suggested Caprihans India (Pharma Packaging) since I am tracking it. It's moving between price band of 57 to 66. Still is it a good buy ?
Ramesh S Damani : Looks okay to me.
JPJ : sir i personally understand and feel that concor will double from current levels in the coming yr or two...sir ur view would be highly appreciated
Ramesh S Damani : Stock remain cheap. However remember who is the railway minister. At these market caps we have to be cautious.
TINU : sir, why do you think mount everest is good bet with 1-3 years prospective. any main reason which we have not figure it out. thanks
Ramesh S Damani : Building a brand and one of a kind water source.
rajiv : Sir, you are recommending Banco products?? It is a gujarat based co and all gujarat cos are facing tough times due to non implementation of VAT. don't you think i will have a clear impact on banco too??
Ramesh S Damani : Difficult to say over a quarter or 2 what will happen. You have to take a view.
rags : Rameshji, The indian warren buffet , can u please let me know regarding Gillette, buy, sell,hold
Ramesh S Damani : If I don't own it I would own it.
vavnathan : Mr.Ramesh, what is yr view on SKF open offer, whether one can exit through open offer or wait? pls repy
Ramesh S Damani : I can't decide that, however you shoould get a price greater than market price.
ramank : Dear Sir, Bayer Diagnostics, constant sales growth from past 10 years, const EPS growth from past 10 years. But its EPS growth in last 5 years was slowed down, and I see in this year again it picked up with EPS Growth of 9%, EPS Growth from 1995 to 2004 is 28% CAGR. Its Cash Reserves translate to 200 per share. No debit. It is in Health Segment. Book Value at 200+, current price is at 370. Looking all these, I feel this should do well in next 5 to 7 year time frame. Please provide with your comments. Thank you Sir.
Ramesh S Damani : Unfortunately I am not following it.
SA 2 : UBH / MCDOWELL : Enough already discussed , just wanted to know your gut feeling whether United Spirits would be sold over USD 2 billion as indicated by Mallaya itself and thus Mcdowell / UBH heading for 4 figures
Ramesh S Damani : I wish I had a crystal ball.
chandani : sir
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