June 14,2010: Update: Venkys March 2010 Result Review:Hold
Dec 25,2009: Update Venkys India.
May 29,2009:Venkys India: Chicken King of India
Saturday, December 26, 2009
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"When one knows Thee, then alien there is none, no door is shut.. Oh, grant me my prayer that I may never loose touch of the One in the play of the many"
5 comments:
Sir,
I remember you recommended Venkey's at real low prices. I am assuming you still track it. I have some exposure to it.
What according to you would be a good entry/exit point.
Thanks and Regards
Sid
Sid:
Pls dont call me Sir.. cause frankly speaking I am just 36 and I am not an authority .. It is just that I like stocks and investing..
having said that Venky's India is a great company.. but is it cheap no I dont think so.. if you are a long term investor and your holding cost is down you can continue to hold for long term..
If you want to switch then..
you will be much better off in GAEL or Jayant Agro..
all the news about Venky's expansion abroad is going to happen from Pvt companies held by the management I dont see that helping Venky's India.
The only thing great is the SPF (Specific Pathogen Free) Eggs manufacturing in Venky's which other group companies donot have.. Venky's sells the SPF eggs for 1USD which is pretty low..
Egg is by the way one of the best nutritional foods available and india is one of the lowest cost producers of egg in the world.
The main business of Venky's is to sell day old chicks to poultry farms..
Here is a link to a report (old 2005) about indian egg industry..
http://www.hansel.in/downloads/Egg%20Report.pdf
I like SKM Egg as its dirt cheap.. and Venky's also has egg powder business but its in a pvt company..
=happy investing
whatsup-indianstockideas.blogspot.com
Thanks WhatsUp Ji,
Sid
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Good research! Though Venkys went beyond everyone's expectation but it was overpriced, I think 1000-1200 is a decent range to accumulate as the free float is very less. However, how the Pandemic is going to affect the competition is a big question, if food as a business catches fancy of Industrialists, many FMCG businesses will see new competitions.
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