SumanSpeaks: The Information Super Highway

The Indian logistics market is estimated to be about $100 billion, with the share of organised players being just 6% of the total market. The logistics sector has seen substantial investments lately and the organised segment is expected to grow at 25-30% CAGR over the next few years . Mumbai: Kishore Biyani-led Future Group's logistics and supply chain vertical has received a $30 million private equity placement from Fung Capital. The firm is a private equity arm of the Fung family, the controlling shareholders of Hong Kong-based Li & Fung Group. Speaking from Hong Kong, Kishore Biyani, Group CEO, Future Gr oup, "We are trying to build one of the best supply chain solutions for the country. The money raised will be utilised towards enhancing the technology and other areas of the business. This will eventually help the company expand and build on efficiencies to meet the future supply chain challenges. The expansion will be largely organic." Biyani also said the compa...

WINNING STROKES: THINK DIFFERENT: Crest Animation Studios Ltd hits the 2 nd consecutive buyer freeze after it was recommended both to the Paid Group and also in this Blog. The stock which was once available around Rs.250 plus is now available at one-tenth that price. Refex Refrigerants Ltd would get benefit of the monopoly/ future generation products, products that are used in Summer Seasons. Moreover, a positive thrust on Refrigeration related companies in the railway budget and a Carbon Credits story would further add colour to the stock. The stock is heading for Rs.55-60, in the next few months. Please visit: http://www.refex.co.in/ for more on the company. My recommended Ritesh Properties and Industries Ltd ( BSE Code: 527407, CMP : Rs.16.5), which is into Real Estate apart from Garment Export, hit the 2 nd consecutive buyer freeze. Recently the company has marked its foray in realty sector by entering into a joint venture agreement with developers Ansal Properties and Infra...

CREST ANIMATION STUDIOS LTD: SOME THOUGHTS: BSE Code: 526785 CMP: Rs.24.20 Special Features: Crest Animation Studios Ltd has an unmatched state-of-the-art technological foundation that is able to service the volume and complex projects at par with world-class facilities. Crest has implemented an end-to-end open standards-based technology infra structure for its digital animation studio, the first of its kind in India. Its competitive advantage over most major studios is that of Time-Cost-Quality – its ability to provide high quality CGI-animation within a greatly reduced production schedule at a fraction of the cost. Through the Crest Advantage of Time-Cost-Quality, the company has become a revenue differentiating player in the global animation industry. The stock which was looking cheap at around Rs.250 considering the Business Profile of the company, is now available at the price of at Rs.24.20. On the charts the stock is about to explode as Stochastic, MACD and Bollinger Bands are...

Citigroup delivers surprise $4.3 billion profit Banking giant stuns analysts who were anticipating a loss, although results got big lift from sale of Smith Barney division. NEW YORK-- Citigroup surprised Wall Street Friday as the embattled banking giant reported a $4.3 billion profit in the second quarter. But the results were boosted largely by a $6.7 billion after-tax gain related to the completion of its sale of a majority of its Smith Barney wealth management division to Morgan Stanley. On a per share basis, the company said it earned 49 cents a share. Analysts were expecting the New York City-based bank to record a loss of $1.07 billion, or 37 cents a share. Citigroup CEO Vikram Pandit said that the latest results signaled that the company's turnaround efforts were finally starting to take hold, but acknowledged that there was still much work to be done, particularly in the company's consumer-related businesses. "Sustainable profitability remains our primary goal,...

Pyramid Saimira Theatres Ltd: Some thoughts: [Also Visit: www.pstl.in ; www. pstldatalab.blogspot.com ; www. pstlepost.blogspot.com & www. pstldunia.blogspot.com ] I was going through the Q4FY09 result sheet of Pyramid Saimira Theatres Ltd when I discovered that they look quite good if we remove the loss due to extraordinary items, which is massive around Rs.99.45 Cr. This loss affected the net profit margin though the operating profit margin actually increased in Q4FY09, from 12.61% to 15.01%, considering Y-o-Y figures. Hence though net sales decreased but at the end of the day, the bottomline is more or less intact, except that extrordinary item. Let me highlight some of the points in this connection: (a) The results of the 4th quarter, FY09, was hit by certain major extraneous events which includes Income Tax: an attachment of all its receivables, bank accounts, investments, box office etc. This has resulted in the Company’s loosening of system controls, increase in the leakag...

Again, there is no coverage by India's Secular (Whore) media on the following incident, which rocked the sentiments of World-wide Hindus.... Can somebody please forward this to NDTV, CNN-IBN, NEWS 24, STAR TV, TIMES NOW, etc.....or to all those so called "Secular Dummies"......let us see if they cover this incident or not...... Is India becoming another Malaysia?? Lord Shiva's murti (Idol) desecrated in Mangalore, Karnataka URL: http://mangalorean.com/news.php?newstype=broadcast&broadcastid=135652 By Team Mangalorean Mangalore Pics: Rajesh Shetty ( See more photos at: http://sumanspeakscurrentaffairs.blogspot.com/ ) MANGALORE, July 17, 2009: A beautiful idol of Lord Shiva has been desecrated by miscreants at the Pandeshwar Katte near the Mangalore South Police Station. The Idol which had been consecrated there by some youth group was badly damaged, according to the initial investigations the id ol has been ripped open with the help of boulders, they were thrown ...

WINNING STROKES: THINK DIFFERENT: The morning call Crest Animation Studios Ltd (BSE Code: 526785) at the CMP hit the buyer freeze in BSE ( Website: http://www.crestindia.com ). The Company came out with very good numbers for the Q4FY09. The total income of the company for Q4FY09 came out to be Rs.14.14 Cr as against Rs.6.02 Cr in the same period previous year. The net profit of the company for Q4FY09, came out to be whopping Rs.2.8 Cr as against a net loss of Rs.6.64 Cr in the same period previous year. The Company´s business activities fall within a single segment, 3D Animation only. Currently under production is Crest's first feature film in partnership with Hollywood's Lions Gate Entertainment, the first of a three-movie deal for worldwide theatrical distribution. With this full-length feature, Crest has successfully transitioned into the theatrical segment. The transaction is significant in that it enables RCA to enhance its reputation as a recognized producer and co-owner...

Wall St climbs on tech shares, earnings optimism: IBM provided the Dow’s biggest boost ahead of earnings that beat expectations after the market closed New York: US stocks rallied for a fourth day on Thursday after JPMorgan’s strong results fed growing optimism about the quarterly earnings season and technology shares rose in anticipation of more good news. Gains in International Business Machines Corp helped the market shake off its earlier malaise. The broad S&P 500 extended the week’s gains to tally its best four days since March as stocks recovered from 12-year lows. IBM provided the Dow’s biggest boost ahead of earnings that beat expectations after the market closed. The bellwether also raised its outlook for the full year, sending its shares up 1.6% to $112.41 in extended trade. IBM closed the regular session up 3.2% at $110.64. “As the market rallies, implicit in that is the expectation that we’ll continue to see a recovery in corporate profits,” said Dean Curnutt, presiden...

Sales of Ramayan rise in Kerala as harvest season takes off: Sales of the epic reaches up to 150,000 copies--from pocket editions and larger versions with big fonts for the elderly to compact discs--ahead of and during the season B y Ajayan Kochi: Beginning Friday, thousands of people in Kerala will be hunched over the Ramayan every evening for a month, the text set nicely on stands carved specifically to hold holy books. For many of these people, typically retirees or past middle age, it’s a holy monsoon tradition. For some, it’s just habit. And then there are the local publishers of the Ramayan, the epic holy to Hindus, said to be written by sage Valmiki in about fourth century BC. For them, Karkidakam, the last of the Malayalam months, is the harvest season. Sales of the epic reaches up to 150,000 copies—from pocket editions and larger versions with big fonts for the elderly to compact discs—ahead of and during the month, fetching a dozen local publishers of the Ramayan a combined R...

Alstom, Toshiba to set up India power units in 4 months NEW DELHI: In a move that will give a boost to power generation in the country, private power equipment makers such as Alstom and Toshiba will set up their power manufacturing base in India in the next three-four months. This decision will help the power ministry in its objective to add 78,700 mw power generation capacity by March, 2012. "Alstom, Toshiba, Mitsubishi Heavy Industries and others have taken land for setting up their manufacturing facilities and in three-four months these projects would become operational," power minister Sushilkumar Shinde told reporters after a meeting with power equipment makers on Thursday. "We will be adding more than 1,00,000 mw of power in Twelfth Plan period starting in 2012. Already orders for equipment to generate 25,000-30,000 mw in the next plan have been placed," Mr Shinde informed when asked about the progress of generation projects. The minister called the meeting o...

JPMorgan's profit jumps to $2.72 bn Domestic stock indices ended flat after a volatile session as investors and traders booked profits made in the past two sessions. Key European markets were seen choppy ahead of US jobless claims data (for the week ended Saturday) which is due later today. Both the indices ended flat with BSE's Sensex closing at 14250.25, down 2.99 points & NSE's Nifty closing at 4231.40, down 2.10 points from yesterday. Among BSE sector indices, capital goods, metals, and bank shares remained worst hit, while auto and oil and gas shares ended firm. It is to be understood that Oil and Gas sector got lot of sops from the Union Budget (Some of them are mentioned in my mail to the Yahoo Group---SumanSpeaks). The budget is also positive for the infrastrucutre sector and power sectors. In case of Power Sector: (i) Power reforms programme funds of Rs.20.8 billion were to be earmarked in FY10 (ii) Customs duty on windmill inputs cut to 5% from 7.5%. We have a...

Steel players increase focus on retail sales pan India Many also do not know that Ritesh Properties and Industries Ltd (CMP: Rs.14.80; BSE Code: 526407).......??!! What is the latest on Shreyas Shipping and Logistics Ltd, Southern Online Bio Technologies Ltd (SBTL), Ennore Coke Ltd, Entegra Ltd (BSE Code: 532287), Prajay Engineers Syndicate Ltd, Glory Polyfilms Ltd, etc........??!! These portions are only for the Paid Groups..... There will be a meeting of the Equity Shareholders of Entegra Ltd, on or before July 27, 2009 for the purpose of considering and if thought fit, approving, with or without modification/s, the Scheme of Merger of SKG Power Ventures Pvt. Ltd, the Transferor Company with Entegra Ltd, the Applicant Company. At the current market price (CMP: Rs.23) the stock of Entegra Ltd seems to be HIGHLY UNDERVALUED given the incremental fully diluted equity value of Rs.82 per share attributable to Entegra from the consolidation of Maheshwar Hydro Power Project. Moreover, Count...

Selloff roster in four weeks New Delhi: The government will come out with a road map for public sector divestment in three to four weeks. It has ruled out strategic sales, meaning a single investor will not get chunks of a government firm. “We will have a clear road map in the next three or four weeks,” finance secretary Ashok Chawla said at a budget discussion organised by the Confederation of Indian Industry. “The government will retain 51 per cent, but the road map for disinvestment in terms of which company will sell how much of its stake and when is being worked out,” he said. Chawla said selloffs in some companies were already in the pipeline and the market was aware of that. For others “we are in discussion with the ministries concerned”. Selloffs in Oil India and hydel firm NHPC Limited are due in August-September. Talking to reporters, Chawla said the finance ministry had held talks with 8-10 ministries. “The ministries have been consulted. They are going to look at what is fe...

Monsoon picks up ; government says, no need to panic: India has a contingency plan if annual monsoon rains remain below normal and there is no need panic, the finance minister said on Wednesday. India has suffered the worst start to the vital monsoon in eight decades, raising fears of a drought in a country where only 40 percent of farmland is irrigated. But the rains have picked up from a shortfall of 34 percent of the long-term average in the June 1-July 9 period, to 29 percent between June 1 and July 14, weather officials told a news agency. The weather office on Wednesday forecast rains in key cotton, rice and soy regions, including widespread precipitation in the next 48 hours in central India, boosting the soybean crop. "There has been some concern on the progress of the monsoon. As I mentioned earlier, the government is monitoring the situation," Finance Minister Pranab Mukherjee told parliament. India was ready to implement a contingency plan, he said, but did not el...

Positive Start for Equities TODAY after the FM, Dr. Pranab Mukherjee, bucked the earlier stand and spoke of REFORMS: Metals, Infrastructure Stocks (Including Power and Real Estate) Surges: The Next Target for Nifty seems to be 4650 on the upside..... [Updated] The Paid Members are asked to go for the kill today as much of the cloud cover over the stock market seems to have cleared by yesterday's closing comments by the FM, Dr.Pranab Mukherjee. One can start buying from today, albeit with a little cautious note.... The budget proposals are positive for the energy sector and in this sector Entegra Ltd (BSE Code: 532287) looks to be good at the CMP of Rs.22. Today's morning call, Entegra Ltd at Rs.22, hit the 10% buyer freeze before cooling down a bit. The main trigger seems to be Rs.25 bn 400 MW Maheshwar Hydro Power Project to be commissioned in FY10. The project on the verge of completion, but the latest news are awaited which will be first rallied to the Paid Groups and then h...