any idea wht's happening with atlanta and jai corp

[ravi1967]

cannot post jpg file of annual report of jai corp about investments

 

[jnj333]

Hai, the quote is bang on target. Anand Jain is the man friday of Mukesh and Jai corp hold 9,00,000 shares of Reliance pre-split. Thus they have 9 lakhs of reliance industries, reliance communication. so imagine the value. also its a co promoter with reliance of reva port, near mumbai which is the deepest port in india. also jai corp is the promoter of india infrastructure fund that has already invested 5000 crores in indian realty, mostly for reliance retail. so if things plan out well its the next unitech. i wont be suprised if the shares quote above 10000 !!!.

There are volatile triggers ahead in the stock. One could buy on a bad day when the market is in a big red and this will surely be out of circuit.

 

[blitzkrieg]

yesterday I observed Jai corp, opened at 4.63% , a single share was traded.
then after 2 minutes it hit 5% upper circuit.

I placed a bid for Atlanta at 971, it opened at 970, I waited for 2 minutes and then placed a market order, but though it hit upper circuit only after some time , i didn't get any

 

[ravi1967]

This week they are raising around 10000 crores along with associate companies. CCEA approval has been obtained

 

[jnj333]

any views on atlanta, there is a buzz that it can reach 3000 sometime soon

 

[Agilent]

any views on atlanta, there is a buzz that it can reach 3000 sometime soon

I'm not too sure .... do u have any idea what PE the co trades at ... I think its >100 . The co was established in Jan 2006 by the way, and its Rs 10 share is already over 1000 ! (Correct me pl, if any of these figs are wrong) . Or does anyone have any idea (even remotely) of the co's financial projections ?

Lets hope the business doesn't collapse like nine pins some day. I mean .... will someone ( Saint/Karthik/Aca/Traderji/anyone else) pl tell me how highly the co is leveraged right now ? And what are the risk areas in its business ?

Came across this, which probably explains the mass buying going on ....

Company news
Atlanta - Updates 10/19/2006

Atlanta Ltd has informed that the Mumbra bypass BOT Project of the Company shall be completed in the month of January, 2007 and toll collection will also be commence from January, 2007.

The company was awarded the project for construction of Mumbra Bypass of Mumbai-Pune Road at NH4 on a BOT basis. The scope of the project was increased by adding grade separator along with Railway over Bridge (ROB). This specialised, niche and high margin project has been executed by the company under its own books using its own fleet of equipment. The company's role in this project includes the financing, constructing & project management, operations and maintenance and toll collection.

The Mumbra Bypass project facilitates heavy vehicle traffic from & to JNPT; diverts traffic passing through the congested town of Mumbra & Kausa and is an important link between NH 3 / NH 8 & JNPT. The project influence areas are the States of Maharashtra, Gujarat, Rajasthan and acts as the connectivity for traffic coming from / going to Goa, Karnataka, Tamil Nadu, Delhi & Madhya Pradesh.

In this segment, the company in its journey so far has successfully completed the Udaipur bypass project - one the country's initial Build, Operate and Transfer (BOT) project awarded in 1996 which involved construction of a 11 - km long two-lane bypass road, with five major structures. This was executed by the company well ahead of the stipulated time.
source : Asian Cerc

AGILENT

 

[aca_trader]

I'm not too sure .... do u have any idea what PE the co trades at ... I think its >100 . The co was established in Jan 2006 by the way, and its Rs 10 share is already over 1000 ! (Correct me pl, if any of these figs are wrong) . Or does anyone have any idea (even remotely) of the co's financial projections ?

AGILENT

On trailing EPS basis, the company is trading at a PE ratio of approx. 75.
The company has managed to grow both its topline and bottomline quite impressively and its management of operating ratio in last two financial years is quite impressive (though I feel that there may be a bit of financial jugglery involved due to proposed IPO, compare the employee cost which should normally have risen as the company is operating into Infrastructure,mining and real estate business which are highly labour-intensive.)

Despite all these factors, the investment is very risky as the company's customer base is very small and hence the operations of the company will be highly affected by any negative issue in its client's industry as well as growth prospects of the country.

Also, check the PE ratio of the peer group and you can see the irrational exuberance. Basically, the company's share price is driven by day trading. The delivery volume was just 13% of the total volume traded today.
Comparision of initial volume vs. recent volume will throw more light on the issue.

In any case, in the business of trading charts rule and hence a trader can go long after a pull back in case the peak prior to pull back is violated. Though the probability of such an incidence is very low given the sharp run up in the counter.

Best Regards,
--Ashish

 

[Agilent]

On trailing EPS basis, the company is trading at a PE ratio of approx. 75.
The company has managed to grow both its topline and bottomline quite impressively and its management of operating ratio in last two financial years is quite impressive (though I feel that there may be a bit of financial jugglery involved due to proposed IPO, compare the employee cost which should normally have risen as the company is operating into Infrastructure,mining and real estate business which are highly labour-intensive.)

Despite all these factors, the investment is very risky as the company's customer base is very small and hence the operations of the company will be highly affected by any negative issue in its client's industry as well as growth prospects of the country.

Also, check the PE ratio of the peer group and you can see the irrational exuberance. Basically, the company's share price is driven by day trading. The delivery volume was just 13% of the total volume traded today.
Comparision of initial volume vs. recent volume will throw more light on the issue.

In any case, in the business of trading charts rule and hence a trader can go long after a pull back in case the peak prior to pull back is violated. Though the probability of such an incidence is very low given the sharp run up in the counter.

Best Regards,
--Ashish

Good analysis , Ashish

Do u also have some idea of the breakup of the Rs 10000 cr which they are planning to raise ?

What do u mean by 'proposed IPO' by the way ? Isnt the IPO ('initial ....') over ?
Is there a fresh equity raising program on the cards ?

AGILENT

 

[aca_trader]

Good analysis , Ashish

Do u also have some idea of the breakup of the Rs 10000 cr which they are planning to raise ?

What do u mean by 'proposed IPO' by the way ? Isnt the IPO ('initial ....') over ?
Is there a fresh equity raising program on the cards ?

AGILENT

Thanks Agilent!

I was talking about the FY ending on 31st March 2006 and that is the reason for using the word proposed IPO as it must have been on the horizon at that time though now it's history.

No idea about the break up of Rs. 10K Cr. at the moment.

BTW, I want to add a caveat to the FA of Atlanta.
Atlanta had proposed to invest a significant chunk of the equity raised via IPO in its group company and had said that Atlanta expects to earn Dividend on it. Also, most of its contracts are being executed through JV/SPV route.
Hence, for a meaningful analysis, consolidated financial statements of the group and not the stand-alone financial statements of Atlanta should be used.
Unluckily, we do not have access to such data as of today. However, its group companies were showing losses as on the last balance sheet date.

Regards,
--Ashish

 

[Agilent]

Well it will take time for the jigsaw to be put together ... watch this space

Thanks again Ashish

AGILENT