N R International Ltd:(BSE Code:532623):
Book Value: Rs.26.7
Target: Rs.50 plus
[Updated]
This could be another Coal India Ltd ( or may be to some extent Gujarat NRE Coke or Chandra Prabhu International Ltd). The company on October 28, 2005, said it had applied for allocation of Coal Blocks (Rohne Block & Chakla Block, Jharkhand) for Captive Mining to the Ministry of Coal, Government of India, New Delhi. Further, it had also informed that the Company's application for allocation of Coal Block for Captive Mining has already been passed by the Coal Ministry at their first level of scrutiny pending the final decision on the same which will be done in due course of time. In addition to the above the Company had also entered into a Memorandum of Understanding with M/s Arunachal Coal Products, a Partnership firm, Arunachal Pradesh. The initial period of lease will be for 10 years with effect from September 14, 2005. The MOU is for Mining / Marketing of Coal, available in 48000 sqmtrs of coal bearing land situated at Takso / Garu, Arunachal Pradesh, presently owned by M/s Arunachal Coal Products. The commencement of ground work by the Company could start at any time as it is in the process of forging an alliance with agencies which are into drilling of mines and to find out the particular area of availability of coal with in that 48000 sqmtrs.
NR International Ltd has at its meeting held on February 28, 2006, approved the Scheme of Amalgamation of M/s. Sunrise Spongiom & Steels Pvt Ltd and M/s. Orissa Coalfields & Washeries Ltd with the Company. This is another feather to the cap.
BUT THE MOST SCINTILLATING ISSUE IS THE DECLARATION OF LIBERAL BONUS OF AT LEAST 1:1 RATIO.
THIS IS THE REAL VITAMIN FOR THE STOCK TO MOVE UP AND UP. I THINK THE STOCK SHOULD AT LEAST CROSS RS.50 IF SUCH BONUS ISSUE IS DECLARED IN THE NEXT MEETING. I HAVE TAKEN GOOD POSITION IN THE COMPANY.
On January 31, 2007, the company would discuss to consider for transfer of balance in accumulated Profit & Loss Account to the General Reserve Account of the Company & also to consider and decide the enhancement of Authorised Shares Capital of the Company and to make its classification and quantum
For the March, 2005-06, the company came out with good numbers. The Net Profit came out to be Rs.1.133 Cr on an Equity of Rs.4.71 Cr( www.bseindia.com). For December, 2006 quarter the company came out with Scintillating results. Its net profits took a quantum jump to Rs.16 lachs from Rs.9 Lachs in the same period previous year. The Operating profit also showed increase to Rs.87 lachs from Rs.31 lachs in the same period previous year. The fact that the demand of coal is increasing day by day due to increase in the number of user industry will add to the bottomline of the company in the days ahead.
Those who are holding Zigma Software Ltd and Vishal Exports Overseas Ltd please continue to hold. Zigma holds huge chunks of land and Vishal Exports should get benefitted from Carbon trading.
My Recommended pick Orchid Chemicals Ltd (Recommended at Rs.192) crossed Rs.240, inspite of not so encouraging results. And BSEL Infrastructure Realty Ltd is still trading below Rs.80 even after "Stupendous Results"for December, 2006, quarter.. This is Stock Market and it abounds in Experts as well as "Morons". The "Wise People" know whom to choose...and Who are What.......No one has to think about my "credibility" and instead look at their own-selves, whether they are "Donkeys or Experts". I will continue to post what I think is correct, informative & sometimes sarchastic or inflamatory, as long as people like them.
I still maintain that G M Breweries Ltd posted good results----may be people expected a little more from the company (I did not say anywhere that it posted excellent results) and last quarter results are not the ultimate for any company. The sales of the company is exploding and if the govenment comes up to permission to make coloured country liquor then that would add another 20%--30% on its bottomline. Also G M Breweries Ltd should get benefits from the expansion, it is undergoing at present. Try to look beyond the past results of any company as Quarterly results are dead data which seldom indicates anything........Otherwise,why should Kakatiya Cement Sugar & Industries Ltd Scrip its share price tanked to Rs.109.5 when it posted excellent results for the December, 2006 quarter; when it should rise if what those "Morons" are saying about G M Breweries Ltd. are to be considered and if the quarterly results are ultimate criterior for stock picking. Isn't it????!!! I Know many have sold G M Breweries Ltd Scrip on hearing those TOUTS ON THE NET; who have picked them up from these investors, at the price of a penny ....These half baked Touts will continue to confuse the investors in the days to come, I can guarantee that......as long as there will be people who will act on their advise / suggesstions. And in future if u continue to listen to these "Parasites", no one will be able to save u from losing money in the markets or opportunities.
Another Clarification--I seldom visit MMB as I hate that place and its manipulative(Cheaters) moderators. I think CNBC purposely has put them (moderators) in that place to jack up the share prices, their crew members hold. Otherwise why don't they have a www.myiris.com like message board? They(Moderators) want to sit behind the screens and continue to carry on all sort of unethical practises !!!! Do you remember once they allowed a number of messages to be posted which called noted Mr.Analyst Ashish Chugh a "Pig"?
Best wishes,
Suman Mukherjee
India.
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