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vishalmumbai100 : hello sir i would like to know the future prospects of ongc and linc pens
Ramesh Damani : they are two co`s at different ends of the spectrum and should not be compared..but i happen to like linc pens
jkbond : Good evening sir! I missed the run in Aegis Logistics - I did the homework, was convinced, had inputs from you that management is aggresive. Yet, was trying to time the markets and guess have missed the bus. Dont want to repeat it in case of KSB pumps. Do you think its a good buy at current levels?
Ramesh Damani : you constantly learn in markets that timing the market or a stock is fraught with risk...if you find value buy it..ksb pumps should do well over time
aj1977 : Greetings Mr.Damani.Can you name one company in the listed stock market space in india which according to you can generate very high Returns on Equity without excessive leverage and also reinvest all or majority of those retained earnings into thier business and generate high RoE on the retained and reinvested capital
Ramesh Damani : these questions keep us up for years and at nights..no easy answer...
sathya_1958 : What is your view on investing in Kale Consulting long term. You say stock take time to appreciate. This stock once recommended by you is slowly coming out of woods and could be performer
Ramesh Damani : i had given up on the stock..but there appears to be a turnaround in the fortunes of the co
pinak_k : after reading intelligent investor, BULL, Alchemy of finance, Common Stocks & Uncommon profits, Damn Right Behind the scene, Poor Charlies Almanack...what would be the next one to read?
Ramesh Damani : the greatest trade ever by paul zuckerman
vivekam.kul : Hello Rameshji, do u think that mysore cement is great multibagger at CMP?
Ramesh Damani : it is currently heidelberg cement..i am bullish on the prospects...
reeteshtiwary : Dear Ramesh, You have view on RAMCO system and Saas based service that they are offering for their ERP? It is revolutionary and can transform the company, your view?
Ramesh Damani : somwhow the co has never delivered and i see no evidence of that changing.,
makhijasuresh : sir what u consder everest as mulktibagger like mcdwell or just componder plz commnet sir thanks
Ramesh Damani : it is a compounder..i do not think it can go up like mcdowell did
Thesaint : Sir,Persistent Systems-the PE seems low considering that it is likely to grow at 25 percent annually.Also its a classier company than Aztec. Experts are dismissing it as niche play but the addressable market is large.What do you feel?
Ramesh Damani : it is a stock to watch out ..mgmt team is good and it is at about 12 times next years earnings
ynet : Dear Damani, You’ve become bullish on goldiam again. Going with the projected EPS of Rs8, how much do you think Goldiam can climb to ? In someway, is it a proxy to buying gold?
Ramesh Damani : it is not a proxy to buying gold at all..after a difficult 2 years earnings are on track and they should do well
hnalluris : THnaks for Recommendation on Everest. Your view on Bajaj Holdings? Reports suggest that shares held by Bajaj Holdings comes to 1500 per share against share value of 600 CMP. Please advise?
Ramesh Damani : you rlogic on bajaj holding is right but the caveat is that holding co`s trade at a discount
pb1979 : Sir, in case of Godrej Prop., they have short term loans/part of long term loans payable with in a year of approximately 300Cr where as their annual revenues are much less than that and based on their past 3 years performance it doesn’t seem that suddenly they will get 300Cr cash from operations this year which means that they have to raise debt again or restructure the debt? Don’t u think that the company balance sheet is hugely stressed compared to its cash flows as of now?
Ramesh Damani : thery raised 500 crs plus through an ipo and considering size of projects gearing is not out of line
aahansaloni : Sir,NELCO won very large defence communnication order any idea of the size ? holdimg since your recommdation long back.
Ramesh Damani : ni update...waiting to hear from co..stock doing well though
ynet : Dear Damani, I wanted to know your view on JK Lakshmi cement. It has a PE less than 4. 2% dividend yield, with todays market cap of 900 crores, available at 3 years operating cash profit.Company has cash in hand to the extent of debts(approx 400 crores), will be power surplus in another one year. They’re doubling the cement capacity in another 4 years from current 4.75 million tones. Is’nt it a strong value buy ?
Ramesh Damani : you are right some of the stocks in cement are cheap including JK ..it is value
minkyg : Is sundaram Finance still a buy? Heard on street that they will get 600 crores by selling general insurance business? Seems to be poised for big upmove?
Ramesh Damani : they compound and do the business every year...remain invested in it
mumbaiwarriorss : Ramdeo agarwal yr friend mentioned there are midcap banks that are worth looking at.. any names that you could suggest boss?
Ramesh Damani : my sense is he likes something like Dena Bank...
himanshu j j : sir i compared tci to allcargo global and arshiya int which are trading at mcaps of 2500 cr and 1200 cr though thier sales are much less than tci but enjoy far greater margins than tci when u think their only when gst will be introduced or is there some other trigger which should pull up the margins?
Ramesh Damani : tci market cap is around 600 crs
puligundla_naid : Dear Sir,In the model Godrej properties follows the margings are capped,so volumes plays major role here.More sales more profits.correct me if i am wrong.
Ramesh Damani : no that is not correct..downside is limited..upside is higher..they get percentage of sales...
dilipbava : sir! in simple word is there any possibility that the price of tatamotor and tatadvr could be the same in coming years
Ramesh Damani : yes roughly equal maybe with a 10% discount
rupin : Dear sir,any new ideas in midcap-smallcap categories for small investors like us.please suggest atleast one scrip.thank you
Ramesh Damani : small cap tech seems to be buzzing again
sreenu_devi : Sirji, do you have any site, where you can give stock recommendations?
Ramesh Damani : i occasionally recommend stocks right here
ys_sampath : Sir, can we enter into United Spirits and UB Beer at these levels?
Ramesh Damani : ub beer..still seems cheap for long term investors
sunilvabe : From one of recent article in rediff.com , you are an investor in DMART .. is the stock listed ...Which retail stock are best for investment long term
Ramesh Damani : it is not listed...
sreenu_devi : Sir,I am follower of your chats. can you please suggest 2-3 stocks which give good returns in long term 10-15 years time.
Ramesh Damani : you can read the old transcripts for my recommendations....
bipinsingh : Is TTK healthcare the company thta makes Durex condoms? If yes, then is it at a reasonable price for investing?
Ramesh Damani : yes and they have some other great brands..stock has had a good run up..but if seems good for long term investors
mjrocks : sir can one look at purchasing vip industries at the current levels.
Ramesh Damani : co could do 75 to 80 crs next year.,,current mcap is around 600 crs..so it is cheap but not a great bargain
vishnukant_1 : Sir, what are chances of kirit pharekh report getting implemented & what could be the time frame as we are patiently holding omc’s. Only Bpcl and Ioc, not Hpcl. Any upgradation, Sir?
Ramesh Damani : i also like them..oil prices need to be a bit subdued before govt implements them..cant say the timing but it is inevitable
minkyg : Mr. Damani I request you to start your own Blog. Investor need your guidance.
Ramesh Damani : this is kind of a blog!
pb1979 : Sir, in Godrej prop, only rs 172 cr from issue proceeds will be used for debt repayment ans rest for land acquasition and other purposes. And the cash flow from operations is not sufficient to repay the debt due in the short term. then the company will have to restructure debt. isnt it?
Ramesh Damani : cash flows will start soon...but you are right they need to raise more equity in about 2 years time
mpande123 : Sir if one has taken position is stocks like petro bras..nalco..wipro adr..vimpel corp..suntech pow..jnj..altria..ge in the previous lows on the nyse..is there still value in holding these investments for a decade since the investments have done well however the US$ value has depriciated..your views.."your new follower from melbourne" :-)
Ramesh Damani : thanks...us$ will proabably depreciate so the exporting co`s will do well (those located in US)
ynet : Dear Damani, Are you still bullish on HOCL. Are you sure HOCL can utilize their land or is there any restrictions in PSUs using their long term leased lands ?
Ramesh Damani : i am sure there are restrictions ..it is a risky bet not a conservative one
ynet : Dear Damani,In your last chat you told Natco is a dark horse. In your view what are its merits?
Ramesh Damani : good space (generic pharma) co doing well..and underowned
vishnukant_1 : Sir, as you did mention that Biocon and Natco Pharma are at this point looking technical strong and are only trading ideas, do you still see it strong?? Sir, you also said, Ramesh Damani : 300 is a resistance line for Biocon..if it takes that out we could be in for a good move...over 3 months. So, Sir, now what do you suggest to your very dear chatters. Is a buy at current levels justified?? Do you see a clear breakout at current levels. Kindly share with us. Thanks.
Ramesh Damani : it has crossed over 300..and it should gather steam next few weeks..my stop loss would be in the low 290`
nicky7 : Sir I am a beginer and want to grow big in this stock market , can you show me some proper path to follow on day to day basis????????? i am your true follower?????
Ramesh Damani : sstart reading and investing with a view
bronzeman : Is it not back to frenzy state every stock started looking up. every one has started staring at mkt with awe. Is it not time to prune & wait fr a spiralling down
Ramesh Damani : there is a bullish consensus but positions are low and the outlook seems stable
agr_sanjay99 : sir as a common man i am very bullish on Big bazar retail. do you see ptential in pantallon retail
Ramesh Damani : you may well be right but remember growth does not transalate into a higher stock price and also you are bullish from what market cap
barren : Sir a comment on Balmer will help us a lot
Ramesh Damani : bullish
mehalshah03 : i have bought mount everest @ Rs 75 , should i wait or hold for long term .
Ramesh Damani : will probably merge with Tata Tea at a better valuation
coolvm : Sir, I have bought Persistant sys throught IPO. How will this perform over next 2-3 months.
Ramesh Damani : should do well..negative would be if the rs kept appreciating
kanupriyaa : Dear Sir, since long gold has been consolidating. Is it for upmove or downmove now? Please do share with us today. You say, a watched pot never boils but as we have invested in it, we do watch it daily.
Ramesh Damani : i remain bullish on gold as an insurance..thanks all see you next week..bye
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