Wednesday, December 30, 2009
Gujarat Ambuja Exports
August 30,2011:GAEL: Promoters buy 10,000 shares from Market @ 23.08 on August 26,2011
August 30,2011: GAEL: 1MW Bio Gas Plant in Uttarakhand (Maize Starch waste)
August 30,2011: GAEL: 1MW BioGas Plant in Himmatnagar (maize starch waste)
August 27,2011: Gujarat Ambuja Exports: June 2011 Quarterly Result Review
August 16,2011: Gujarat Ambuja Exports: Ready Steady GO!!
July 18,2011: Gujarat Ambuja Exports: Year End March 2011: Review
May 21, 2011: Gujarat Ambuja Exports: MoneySights Rating: Strong Financials, Strong Upside
May 21,2011: Gujarat Ambuja Exports: Foreign Funds invested in Gujarat Ambuja Exports
April 14,2011: Gujarat Ambuja Exports: March 2011 Shareholding data
March 7,2011: Gujarat Ambuja Exports: HSBC Mutual fund buying into GAEL
Feb 8,2010: Gujarat Ambuja Exports: Company Product Video and Client List (Very Very Important)
Feb 2,2011: Gujarat Ambuja Exports: Dec 31,2010 Quarterly Results Segmented Data
Feb 1,2011: Gujarat Ambuja Exports: Dec 31,2011 Quarterly Results Review
Jan 14,2010: Gujarat Ambuja Exports: CRISIL Rating upgrade Jan 2011
Jan 14,2010: Gujarat Ambuja Exports: Dec 31,2010 shareholding review
Dec 1,2010: Gujarat Ambuja Exports: Dalal Street Journal Article
Oct 25,2010: Gujarat Ambuja Exports: Promoter Guidance for Year 2011
Oct 25,2010: Gujarat Ambuja Exports: Sept 2010 Quarterly Result Review
Oct 14,2010: Gujarat Ambuja Exports: Sept 2010 Shareholding Report
Oct 12,2010: Gujarat Ambuja Exports: Sept 2010 Qtrly results on Oct 23,2010
Sept 26,2010: Gujarat Ambuja Exports: Hold on to your cheap stocks
August 31,2010: Gujarat Ambuja Exports: Promoters buy 53,506 shares in August 2010: Annual Report 2010
August 13,2010: Gujarat Ambuja Exports: Promoter Buying SAST Disclosure August 10-11, 2010
August 4,2010: Gujarat Ambuja Exports: June 2010 Quarterly Result Review: Strong Buy!
July 17,2010: Gujarat Ambuja Exports: Announcement: Strong Buy!!
July 14,2010: Gujarat Ambuja Exports: Review: Shareholding as of June 2010
June 7,2010: Gujarat Ambuja Exports: Promoter buying from Open Market Jun 1,2010
April 28,2010: Gujarat Ambuja Exports: March 2010 Quaterly and Annual Result review
April23, 2010: Gujarat Ambuja Exports: What is the Ideal price for GAEL
April 16, 2010:Gujarat Ambuja Exports: Sharebuyback Jan 15,2008 Avg Price 34.26
April 14,2010: Gujarat Ambuja Exports: Review
June 01,2009: Gujarat Ambuja Exports: Deep Value
Dec 25,2009: Best Value Buy
Gujarat Ambuja Exports - Website (updated)
Annual Report March 2009 (updated)
Annual Report March 2010
Annual Report March 2011 (New Link)
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44 comments:
Insider is once again trading on sep14. 3786 shared acquired from Market..
Purushottam:
yes 3786 shares bought at the avg price of 28.05 per share.. on sept14,2010
I really dont know why such small quantities.. when as an individual I could have bought 10,000 shares on any given day..
but I was looking at the demat request data in annual report. (pg 11)
Demat Request approved in NSDL: 3,22,450
Demat Request approved in CDSL: 1,34,715
which is about 4,57,165 shares which almost equals (approximately equals to the no of shares promoters have bought in past 1 year..)
which raises the question is 3786 the no of shares that have been dematerialized from physical form and them bought by the promoters?
Also only 40% of GAEL stock is dematerialized 60% is still in physical form and hence cannot be traded..
=======================
Considering only Public shareholding
Public shareholding: 49,958,920
Public shareholding in Dematerialized form: 30,171,175
% public shareholding in Demat: 60.39%
So there is 39.60% of public shareholding which is not available for trade..
Maybe the promoter buying shares is basically shares that are in physical form being converted into demat and then transferred to the promoters??
Just my speculation.. one thing is clear liquidity is low cause last month I had short delivery of 2500 shares in NSE and I received the shares after auction..
=========================
For NSE settlement no. 2010165 there is a short delivery of 2493 share/s of GAEL .These shares may be received through Auction on or after 03-September-10. And the payout/closeout would be credited by 04-September-10.
=========================
There is a SEBI standard that public shareholding should be atleast 50% in demat form..
Now GAEL has only 60% public shares in demat form.. so promoters cannot buy more than 10% of the public holding in demat form cause if they buy more then SEBI requirement of 50% ublic holding in demat would not be satisfied.. which means promoters can only buy physical shares and get it converted into demat..
Please note this is just my understanding and could be wrong as there is no clear indication that promoters are buying only physical shares..
=happy investing
whatsup-indianstockideas.blogspot.com
Purushottam:
yes 3786 shares bought at the avg price of 28.05 per share.. on sept14,2010
but I was looking at the demat request data in annual report. (pg 11)
Demat Request approved in NSDL: 3,22,450
Demat Request approved in CDSL: 1,34,715
which is about 4,57,165 shares which almost equals (approximately equals to the no of shares promoters have bought in past 1 year..)
which raises the question is 3786 the no of shares that have been dematerialized from physical form and them bought by the promoters?
Also only 40% of GAEL stock is dematerialized 60% is still in physical form and hence cannot be traded..
=======================
Considering only Public shareholding
Public shareholding: 49,958,920
Public shareholding in Dematerialized form: 30,171,175
% public shareholding in Demat: 60.39%
So there is 39.60% of public shareholding which is not available for trade..
Maybe the promoter buying shares is basically shares that are in physical form being converted into demat and then transferred to the promoters??
Just my speculation.. one thing is clear liquidity is low cause last month I had short delivery of 2500 shares in NSE and I received the shares after auction..
=========================
For NSE settlement no. 2010165 there is a short delivery of 2493 share/s of GAEL .These shares may be received through Auction on or after 03-September-10. And the payout/closeout would be credited by 04-September-10.
=========================
There is a SEBI standard that public shareholding should be atleast 50% in demat form..
Now GAEL has only 60% public shares in demat form.. so promoters cannot buy more than 10% of the public holding in demat form cause if they buy more then SEBI requirement of 50% ublic holding in demat would not be satisfied.. which means promoters can only buy physical shares and get it converted into demat..
Please note this is just my understanding and could be wrong as there is no clear indication that promoters are buying only physical shares..
=happy investing
whatsup-indianstockideas.blogspot.com
Hi,
I found TilakNagar Industries limited stock a very good stock..
Citi has invested very recently..
Stock has good products...
Your view..
Purushottam:
Tilaknagar:
CMP: 88.45
Market Cap: 857.35Cr
Debt: 446.23Cr
Reserves: 174.46Cr
Sales March 2010: 486.21Cr
================
The problem with Tilaknagar is:
LArge increase in Equity base..
March 2009 Equity: 5.73Cr
March 2010 Equity: 32.31CR
That is an increase of 563% over last year..
Given it has given a 1:2 bonus
still the large equity base will cause the stock price to remain depressed..
Yes it has total liquor sales close to 1000Cr for its brands.. but right now it looks more than fairly valued..
Having said that my father is in the defence services and he does like the "Mansion House" Brandy..
If you are looking for a liquor company .. the one that I know of is "IFB Agro" that is cheap..
- It has alredy commisioned a grain based plant.
- It received 8Cr as green house gas credit.. (last year 3Cr)
-ve: No dividents..
Also there is 14.x% stake in IFB agro by people who are "predators" ..
=happy investing
whatsup-indianstockideas.blogspot.com
Hi Whatup,
Whats ur take on Alok industries?
Anonymous:
Alok is a strict No as it has huge debt and will face equity dilution.. hence stock price will remain subdued..
=happy investing
http://whatsup-indianstockideas.blogspot.com
Hi Prahalad,
I am assuming you are already aware of the below news about riddhi siddhi
http://www.moneycontrol.com/news/business/roquettetobuymajoritystakeriddhisiddhiarm_512306.html
In this interview he also gives the enterprise value of corn subsidiary.
At your ease please look into how much GAEL should command on a comparative basis.
Warm Regards
Sid
Whatever the valuation that Riddhi Siddhi may be getting but the whole deal doesn't seems to be against minority investors. They are selling all the plants that produce the value added products and that too in a subsidiary, that means there won't be any open offer for the shareholders. I hope Guj Amb Management doesn't do anything similar...
Sorry, I mean that the whole deal seems to be against the minority shareholders...
Sid/Amidjd:
Riddhi Siddhi is going to be sold for 1250Cr for 85% of equity (15% of Roquette stake will be cancelled.. which means Riddhi Siddhi valuation is: 1470Cr
Now Riddhi Siddhi has only 3 plants and all the plants are being sold out to Roquette then..
the cash stays in the company .. so yes Riddhi Siddhi investors get a raw deal.. maybe a good one time divident but that is all.. the promoters keep the cash..(how much Rs1120 per share!! WOW!!!) and hope that they invest it wisely..
1.5 Times sales is the valuation for the corn business..
Its funny that a few years back Riddhi siddhi had bought the corn business from Glaxo and are now selling the same to a multinational firm..
Considering the fact that Riddhi is targetiing 200Cr EBDITA which means a valuation of less than 10 times EBDITA for Corn business...
I think Riddhi Siddhi promoters have sold it cheap.. or they expect the business environment to be more competitive.. in the future (with GAEL also entering karnataka .. with a corn starch plant)
As far as I understand the largest corn starch derivatives products sorbitol, Dextrose, Glucose form majority of the derivatives business.. so value add by Roquette is going to be small volume derivatives business..
however overall maize derivatives business is going to be strong.. and will expand..
GAEL promoters have a higher shareholding 64% compared to Riddhi Siddhi: 43% so I would expect GAEL to continue to hold and expand their business and not sell out..
so come to think of it .. this is Good news for GAEL as investors are better off in GAEL than in Riddhi siddhi as they will get better returns in GAEL as company has no plans to sell their corn starch business..
- Riddhi Siddhi investors will become shareholders in the holding company.. and that also minority shareholders.. in the starch business...
So Hip hip Hurray!! for GAEL investors.. 100 looks cheap for GAEL considering the various divisions (Agro commodities, Spining, wind energy and Corn starch derivatives)
=happy investing
whatsup-indianstockideas.blogspot[dot]com
Prahalad:
CRISIL upgrades outlook on cash credit of Gujarat Ambuja Exports
(ADPnews) - Jan 13, 2011 - Indian rating agency CRISIL raised the outlook on an A-rated cash credit of Gujarat Ambuja Exports Ltd (BOM:524226) to "stable" from "negative".
http://adpnews.info/?nid=8dbcbf46793ad309
Check the link we have gr8 company on our hands....
Purushottam:
This is a great news.. thanks for the info..
http://www.crisil.com/Ratings/RatingList/RatingDocs/gujarat-ambuja-exports_13jan11.htm
Some additional interesting info from the crisil report is:
=====================
GAEL has maize processing capacities of 0.35 mtpa, located in Himatnagar (Gujarat) and Sitarganj (Uttarakhand). The company is planning to set up a new plant in Karnataka, which is expected to commence commercial operations by December 2011 and increase its maize processing capacity by 0.25 mtpa.
=====================
- GAEL is increasing maize processing capacity by 250,000Metric tonnes by setting up new plant
- A 71.4% increase over current capacity of 350,000 Metric tonnes..
- The plant will commence commercial operations in Dec 2011
- Current capacity of Riddhi Siddhi is 440,000MT per year
- GAEL will have 600,0000MT per year by end of Dec 2011
(I guess looking at the competition Riddhi siddhi management decided to exit the business!!..)
=====================
So next year's growth in profitability and revenues is also being taken care of by the management..
Each passing day irrespective of the share price movement the net worth of GAEL is increasing..
GAEL is turning out to be more of a long term wealth creator ..
=happy investing
whatsup-indianstockideas.blogspot.com
Sir,
Results and Interim dividend announcement on 1st Feb
http://www.bseindia.com/stockinfo/anndet.aspx?newsid=9f24f797-6d24-4bb4-8c7b-ce3cc866e136
Regards
Sid
Sid:
Thanks for the follow up..
I hope GAEL will increase the dividend.. or at least give us good guidance .. generally they will give interim and final dividend ..
I am assuming the results will be good
=happy investing
whatsup-indianstockideas.blogspot.com
Dec 2010 Data:
HSBC Midcap Equity Fund (G)- 1,324,190 no of shares
HSBC Progressive Themes (G)- 1,095,510 no of shares
HSBC Small Cap Fund (G) -
345,959 no of shares
Jan 11 Data:
HSBC Midcap Equity Fund (G)- 1,435,618 no of shares an increase of 3.39% to Dec 2010 and worth is 150.92 Cr
HSBC Progressive Themes (G)- 1,104,635 no of shares an increase of 1.65% to Dec 2010 and worth is 238.33 Cr
HSBC Small Cap Fund (G) -
348,848 no of shares an increase of 2.78% to Dec 2010 and worth is 44.63 Cr
so total asset worth 433.88 cr is put by mutual Fund..
Purushottam:
Are you trying to say HSBC mutual fund has been buying into GAEL?
Can you point us to some location where we can get this info..
Total market cap of GAEL is 439Cr so .. something is missing.. or maybe there is a disconnect in understanding your message..
can you provide some clarity..
=happy investing
whatsup-indianstockideas.blogspot.com
Purushottam:
I got it thanks its in money control itself..
http://www.moneycontrol.com/mf/user_scheme/mfholddetail_sec.php?sc_did=GAE
=happy investing
whatsup-indianstockideas.blogspot.com
as you said it is on MOney control.. The worth is actually the worth of the Fund and not the worth of stocks they are holding .. I put it wrong... However all it indicates is strong stock that is ready to take off.. Mutual Funds are buying in slowly and steadly..
Purushottam:
"all it indicates is strong stock that is ready to take off.. Mutual Funds are buying in slowly and steadly.."
I would agree demand is more than supply.. just look at the 1 year returns.. GAEL is up 73% on a yearly basis.. beating the index
NIFTY March 8,2010: 5124
NIFTY March 8,2011: 5463
Growth: 6.6%
while GAEL gave a return of 73% .. and its not even started..
Best performing stock in my portfolio
Thanks
=happy investing
whatsup-indianstockideas.blogspot.com
GAEL new plant in haveri is recruiting people. Looks like they are on target time to open the new maize plant... good news..
http://www.karnatakaspider.com/jobs/599-Shift-Engineer-required-at-Gujarat-Ambuja-Exports-Ltd-Hubli.aspx
Purushottam:
Yes .. I had seen ads for karnataka plant before..
the related ads section does provide a lot of info.. We have a winner in our hands no doubt..
I hope people do not sell the stock too soon at 50 levels that would be a shame..
I remember someone in moneycontrol saying that he has all his investments in one company and thats GAEL.
One of my friends who's father is an ex banker who used to deal with GAEL also said GAEL is one of the best companies and we should hold the stock for long term..
=happy investing
whatsup-indianstockideas.blogspot.com
GAEL Promoters are once again buying.. 6740 shares acquired from market. Promoters are really supporting the stock.. We all see a great value in stock.
Purushottam:
I guess the idea is to get all the weak hands out of the stock..
The shake and bake..
Deep Deep Value!! is all that I can say..
=happy investing
whatsup-indianstockideas.blogspot.com
Hi Whatsup,
Whats your take on GAEL as on date? Do you think it will have a uptrend at chances of reaching 100 s in 3-4 yrs timeline or should we exit the stock?
I am currently holding 6500 shares at avg. price of Rs.30.
Do advice me what should i do? Thanks!
Anonymous ji:
ist.. if its still short term (ie its less than 1 year since you bought @ 30) then you should book short term losses.. as the losses can be used for short term gains for next 3-5 yrs
GAEL is a value buy and as per my understanding peak oil will result in commodity companies to do well..
I would buy GAEL.. if I had cash.. but given a choice between GAEL and Jayant I would still buy jayant agro..
=happy investing
whatsup-indianstockideas.blogspot.com
Hi Whatsup,
The results that GAEL has declared on feb 2nd 2013 really seem to be good.
But have they not declared any Dividend?
Drop in Corn prices. Do you think this will help GAEL results?
http://economictimes.indiatimes.com/news/economy/agriculture/corn-struggles-to-find-buyers-as-global-prices-slide/articleshow/19489081.cms
Anonymous ji:
yes corn prices are falling due to expected large corn acreage in US..
GAEL should do well because of an integrated setup..
short term fluctuation can bring about short term profit/loss
however we could see higher depreciation as the new plant in karnataka enters commercial production
I would still hold on and target stock price of rs100/share..
I think we should concentrate on 100+cr net profit consistently by GAEL every year going forward..
=happy investing
whatsup-indianstockideas.blogspot.com
Hi whatsupji,
What ur take on Gael results? Has any dividend been announced and when is the date it would be deposited in our accounts?
Whatsupji,
Again after the agm on 14th Sept 2013 no dividend has been announced.
What is ur take on GAEL now?
Anonymous ji:
I think it would be unfair to say that gael did not announce dividend.. generally gael announces dividend after dec results..
what i can see is that promoters are busy buying from open market.. and that is an indication that the value will be stored in gael.. for the long term.
also saw that retail 1kg pouches are available of gael cooking oil..
which is good cause margins are better in retail sales..
I feel we need to be patient..
=happy investing
whatsup-indianstockideas
Whatsupji,
Could you let me know what is the date we could expect the dividends to be in our bank accounts?
Anonymous ji:
its 15 nov 2013 that dividends will be credited for gael
=happy investing
whatsup-indianstockideas.blogspot.com
Whatsupji,
Whats ur take on gujarat NRE Coke?
Whatupji,
Could you give me ur views on the below stock.... which you think would be the best for investment at current CMP?
1) Assam Company
2)BL Khasyap
3)JVL Agro
4)Orient Green
Anonymous ji:
I dont like any of the stocks..
Assam company, BL KAshyap, JVL Agro, Orient Green.
The industrial landscape is not going to change anytime soon.. so companies with lot of debt are not going to turn profitable overnight.. and energy problems have not even started..
I would still suggest sticking to
Jayant, GAEL, Tata Comm and NHPC
as they are all fundamentally sound company with lot of upside..
and good management
=happy investing
whatsup-indianstockideas
Thanks Whatsupji...
Is NHPC a gud investment and current levels? WHat could be its update 1 year down the line?
Anonymous ji:
Unfortunately I cannot predict the stock price or its immediate future (yes 1 yrs like immediate future)
here's my investment logic:
1. hydro power is one power generating system that does not use any fossil fuel.
2. first hydro power plant built is still generating power.. so these are lifelong assets..
3. hydro power plants can be easily started and stopped and hence ideally suited for merchant power plants (merchant power plants are power plants which provide peak power.. and the elect. selling rates for merchant power plants is like 2-3 times the selling price of normal power plants (coal/nuclear fired which cannot be started or stopped so easily..)
4. Most of NHPC power generated is sold as normal power at very cheap rates when in an ideal situation they should be used for peak power..
5. This conversion for normal/bulk power to merchant power will be the game changer for NHPC (I think..)
SJVM and other new hydro power players are actually functioning as merchant power plants (for most of their electricity sales) and hence earn more..
----------------------
Its a good investment in a bad situation.. but in a feel good environment (like now) it might lag other investment options..
We must remember that Power is a regulated industry by the govt and power companies cannot expect returns greater than x% on their investment.. That's one reason some of these companies try and show losses to increase their selling price of electricity..
---------------------
conclusion: 1 yrs investment horizon is too short term for an investment in NHPC.. (however there is always a chance that the company gets rerated.. due to some changes done by the govt or NHPC becomes more merchant power oriented..)
I hope that helps.. and gives you an all around prespective..
=happy investing
whatsup-indianstockideas.blogspot.com
Whatupji,
When is GAEL dividend pay out date? When will we revive it in our bank account?
Anonymous ji:
Due to higher dividend distribution tax... companies announced dividends before the cut-off date to reduce tax outgo..
==========
gael also gave dividend in sept-oct2014 which was the dividend for year 2014-15
===============
dividend for year 2014-15 has already been paid @84 paisa ie. 42% dividend payout
============
Gujarat Ambuja Exports Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 06, 2014, inter alia, considered and approved the following:
1. Considered and approved an Interim Dividend @ 42% p.a. i.e. Rs. 0.84 per Equity Share of Rs. 2/- each for F.Y. 2014-15 payable on September 24, 2014.
2. Appointed Shri R. N. Joshi as an Additional Director (Non-Executive, Independent Director) on the Board ....
=================
=happy investing
whatsup-indianstockideas
Hi Whatupji,
What is your take on GAEL now? Should we exit as the price is seen dropping. If yes let me know of an alternate stock which can give higher returns?
Regards,
Thejas
Thejas ji,
there are always periodical swings in stock price as well as company fundamentals..
Being an agro processing company the results will always fluctuate..
GAEL has long term value as it is still quite attractively priced..
I have already identified a number of stocks which are attractively priced..
(mentioned in my blog)
so its up to you to decide what steps you want to take..
If you ask me personally
I am most invested in Manugraph india, then tilaknagar industries, bemco hydraulics, rasandik, permanent magnet, cenlube.. (Higher to lowest amount of capitalinvested)
so you need to decide which way to go.. one of the most important thing in investing is the ability to sit with no activity n your investments.. (This is the key..) as returns are compounded as the assets get accumulated in companies over a period of time..
just look at Venkys.. which was recommended @ Mcap:138Cr in April 2008 .. and today in 2017 its market cap is: 2893Cr which is : 20x .. so what is required is to hold on to your investments..
If you are confident about GAEL.. then its is advised that you hold on to your investments..
=happy investing
whatsup-indianstockideas.blogspot.com
Thanks Whatupji on your valuable inputs. Would it be better investing in Manugraph or Cenlube for quicker returns? Please suggest?
Regards,
Thejas
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