Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.

Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.

Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.

Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar.....👍✌

Tuesday, June 07, 2016

Lanco Infratech Ltd: Buy
CMP: Rs.4.10
Lanco Infratech Ltd has posted a loss of Rs.200.71 crore for the fourth quarter ended March 31, 2016, against a loss of  Rs.586.29 crore for the corresponding quarter last year.

Turnover for the quarter was Rs.2559.89 crore against Rs.2276.89 crore for the corresponding quarter last year.

The company has managed to bring down its loss to Rs.265.60 crore for the financial year ended March 31, 2016, against a loss of Rs.2036.74 crore for the previous year.

The income for the year was up at  Rs.9762.90 crore against Rs.9542.58 crore for the previous year.

Its EPC order book consisting of power, solar and others stood at Rs.27,079 crore, 80% of which is internal projects.

Lanco is present in EPC, conventional and solar power generation, coal mining and infrastructure and property development.  

The EPC sector and the power sector together contributed to 87% of the gross revenues. EPC and construction sector contributed to 37% of the gross revenue

Power sector contributed to 50 per cent of the gross revenues. The company has a total outstanding receivables of Rs.17,81.6 crore from various state electric utilities as of March 2016. 

Better performance by operational assets helped Lanco Infratech recover from losses in the earlier quarters. 

The Gurgaon-based company had recorded a consolidated profit of Rs.137 crore during the quarter ending December 31, 2015 bringing down its cumulative loss for the first nine months by 95% to Rs.65 crore against Rs.1,412 crore in 2014-15.

The company posted a consolidated net profit of Rs.98.98 crore in the second quarter of the current fiscal after a gap of three years.

In a statement accompanying the results, the group said approved CDR scheme and additional funding to the company and the lenders approvals of the cost overrun proposals for the projects under construction and the effort to bring strategic investors, disposal of assets, would also bring in the additional cash flows into the system.

T Adibabu, Chief Operating Officer, Finance, said, “A number of issues relating to fuel and tariff for power projects have been sorted out, and the funding for ongoing projects is also likely to get better. This will enable the company to run power plants and also help expedite EPC works this year.”

On stake sale talks which the company has been engaged in, Adibabu said, “We are in talks with several potential investors and companies, over the past 24-30 months. The macro economic conditions are just beginning to get better for infra companies. This will enable us to strike couple of deals.”

Once, it has good cash flows and lenders continue to extend their support, it will be able to boost the EPC business as well.

Therefore, buy the shares of Lanco Infratech Ltd at the CMP of Rs.4.10, for targets of Rs.6.5-7.4, in the short term. 
Post a Comment