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| Discuss any idea wht's happening with atlanta and jai corp at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; cannot post jpg file of annual report of jai corp about investments... |
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#12
5th December 2006, 10:01 PM
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Re: any idea wht's happening with atlanta and jai corp
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#13
5th December 2006, 11:05 PM
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Re: any idea wht's happening with atlanta and jai corp
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
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#16
7th December 2006, 06:34 PM
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Re: any idea wht's happening with atlanta and jai corp
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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
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#17
7th December 2006, 08:06 PM
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Re: any idea wht's happening with atlanta and jai corp
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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
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#18
7th December 2006, 10:28 PM
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Re: any idea wht's happening with atlanta and jai corp
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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
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#19
8th December 2006, 12:55 AM
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Re: any idea wht's happening with atlanta and jai corp
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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
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#20
8th December 2006, 12:08 PM
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Re: any idea wht's happening with atlanta and jai corp
Well it will take time for the jigsaw to be put together ... watch this space
Thanks again Ashish AGILENT
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