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GMR Ferro Alloys and Industries
Tracked by: 0 Boarder
I do not understand why messages of gmr ferro alloys appears on mvl ltd board...
Tracked by: 0 Boarder
ww w.cronimet.d e/en/
Pls ref above link to know Cronimet strength. Rgds...
In reply to:
GMR Ferro - Bulk Deal!
Posted by :
ShockMarket
On 13th August 2008, Wallfort Financial Services bought 100,000 shares at Rs 68 a share of GMR Ferro Alloys and Industries.
Wallfort Financial Services\\`s Vision:
The Wallfort Group’s vision is to touch every aspect of life and create true wealth and development for our clients, consumers, employees, partners, shareholders and the community no matter how big or small.
htt p://contentlinks.asiancerc.co m/wallfort/vision_values.asp
Wallfort or one of its clients acquired shares worth Rs 68 lakhs! Why would anyone just spend so much without being assured about the future of the company and the returns? And remember, they are not (day) traders. They have invested with a vision to create true wealth.
So, what is your vision? Be satisfied with 10-15% profit or panic and sell at a loss of 10-15%? :-)
Shock! 
Tracked by: 0 Boarder
On 13th August 2008, Wallfort Financial Services bought 100,000 shares at Rs 68 a share of GMR Ferro Alloys and Industries.
Wallfort Financial Services\\`s Vision:
The Wallfort Group’s vision is to touch every aspect of life and create true wealth and development for our clients, consumers, employees, partners, shareholders and the community no matter how big or small.
htt p://contentlinks.asiancerc.co m/wallfort/vision_values.asp
Wallfort or one of its clients acquired shares worth Rs 68 lakhs! Why would anyone just spend so much without being assured about the future of the company and the returns? And remember, they are not (day) traders. They have invested with a vision to create true wealth.
So, what is your vision? Be satisfied with 10-15% profit or panic and sell at a loss of 10-15%? :-)
Shock!...
Tracked by: 0 Boarder
No need to get out from this stock due to its inherited higher valuation, don't be trapped under operator's illusion, nobody can compress the actuall valuation of any stock if it has worth. Name might change to Cronimet very soon. Looking at Cronimet continous expansion plan on world platform current level is 10 to 12 time cheaper than its actuall value only based on upcoming 2 to 3 financial year. They are integrating verticall by acquring mines in SA and smelter in India, they must have found synergised operational value in this such kind of expansion. Hold / accumulate for mid to long term. Rgds ...
In reply to:
Shoa's analysis on GMR Ferro
Posted by : mukut
Now people trapped in this stock. Now volumes also dropped, if someone want to get out of this stock they can not.
Tracked by: 0 Boarder
Now people trapped in this stock. Now volumes also dropped, if someone want to get out of this stock they can not. ...
In reply to:
Shoa's analysis on GMR Ferro
Posted by : ShockMarket
...it was posted on Facor's board. Copy-pasting it here on his request....
7. Continuous Listing GMR feroo Chrome / Cronimet Ferro India
7.1 The minimum public shareholding required for continuous listing of the Shares is 25% (twenty five) of the Share capital.
7.2 The Acquirer does not intend to delist the Target Company as a result of the Offer. In the event the Shareholding of the Acquirer were to exceed the threshold specified in the listing agreement for delisting, the Acquirer will take the necessary steps in terms of the provisions of Regulation 21(2) of SEBI Takeover Regulations and as per the listing agreements prescribed by the BSE and the NSE to maintain a minimum threshold of public shareholding for listing on a continuous basis, within the timeframe specified therein.
-------------------------------------------------
Pls read complete analysis as below
1 - Analyist have given fair valuation of stock 8.53 when EPS was .06 in 2007.
2 - Cronimet have paid a bargain price of 26.05 when eps 2.19 means given price at p/e of 11.89.
3 - June qtr eps is 9.91, immediate stock price should tick at 9.91x11.89 = 117 and cronimet will show similar result for upcoming quarters i don't any reason tht stock should not qoute below rs 468. Chances of going up is high coz Cronimet strength in international sales network which is very huge plus for any company.
3 - Other strength basis current price of stock and expected yearly result the ratio between sales revenue is just at 2.22, huge potential still left to exploit to reach at .25, the reward level can be seen at 513 coz of higher margin around 31.15. Stock is trading below the systemetic risk also ie 89.6. As per my analysis stock is way way down to it real valuation.
Other thought wellcome..
Rgds
Shoa
Tracked by: 0 Boarder
...it was posted on Facor's board. Copy-pasting it here on his request....
7. Continuous Listing GMR feroo Chrome / Cronimet Ferro India
7.1 The minimum public shareholding required for continuous listing of the Shares is 25% (twenty five) of the Share capital.
7.2 The Acquirer does not intend to delist the Target Company as a result of the Offer. In the event the Shareholding of the Acquirer were to exceed the threshold specified in the listing agreement for delisting, the Acquirer will take the necessary steps in terms of the provisions of Regulation 21(2) of SEBI Takeover Regulations and as per the listing agreements prescribed by the BSE and the NSE to maintain a minimum threshold of public shareholding for listing on a continuous basis, within the timeframe specified therein.
-------------------------------------------------
Pls read complete analysis as below
1 - Analyist have given fair valuation of stock 8.53 when EPS was .06 in 2007.
2 - Cronimet have paid a bargain price of 26.05 when eps 2.19 means given price at p/e of 11.89.
3 - June qtr eps is 9.91, immediate stock price should tick at 9.91x11.89 = 117 and cronimet will show similar result for upcoming quarters i don't any reason tht stock should not qoute below rs 468. Chances of going up is high coz Cronimet strength in international sales network which is very huge plus for any company.
3 - Other strength basis current price of stock and expected yearly result the ratio between sales revenue is just at 2.22, huge potential still left to exploit to reach at .25, the reward level can be seen at 513 coz of higher margin around 31.15. Stock is trading below the systemetic risk also ie 89.6. As per my analysis stock is way way down to it real valuation.
Other thought wellcome..
Rgds
Shoa...
Tracked by: 0 Boarder
Gentlemen,
The offer closed on 11th August 2008! You would have received an Letter Of Offer if you had owned any shares as on 30th May 2008.
Here is the link:
w ww.sebi.gov.i n/takeover/public/gmrpa.pdf
Enjoy!
Shock!...
Tracked by: 0 Boarder
Can not say anything now.. nothing is clear.. GMR Ferro is not intimating to share holders on stack sell. THey also did not announce to exchanges....
In reply to:
GMR Ferro - Book Profit / Book Loss
Posted by : Guest
Book Profit now.
It will come down to Rs. 26.....
Exit from this counter
Tracked by: 0 Boarder
Guy\\`s this guest is gone crazy, current downfall is due to weak market and operators agents comes as guest to scare / misguide compell innocent investor to sell, create panic and oppurtunity to buy on lower levels. Don\\`t get panic Cronimet have huge potential to sell chrome in intl market on premium price. Company having expected EPS of 40 and get recognition almost @ p/e of 10 no need to explain how cheap this stock is to get entry, this is an opuurtunity to sit and accumulate on this stock. ...
In reply to:
GMR Ferro - Book Profit / Book Loss
Posted by : Guest
Book Profit now.
It will come down to Rs. 26.....
Exit from this counter
Tracked by: 0 Boarder
Book Profit now.
It will come down to Rs. 26.....
Exit from this counter...
GMR - Come out of this counter
Posted by : GuestTracked by: 0 Boarder
Book the Profit now>>>>>>>>>>>>>
High 68
V
V
V
Low 26.
It will go down Rs. 26/per share with in short period.
Exit from this Counter.
...
Tracked by: 0 Boarder
Listen up guys!
The only concern that was bothering me about GMR Ferro alloys was the low open offer price. What would happen if Cronimet succeeds in getting additional 20% holdings at a very cheap rate and goes for delisting? Will I be forced to sell out to Cronimet at the low price they dictate for a loss??
NO! You don\\`t have to sell out your shares at the open offer rate specified by the company even if it plans for delisting!! You continue to be an owner-in-part of the company and will enjoy the HEFTY dividends for the lifetime. You can\\`t trade the shares as they are no more listed. However, the catch is, the company (Cronimet in our case) will love to acquire 100% stake and will try to offer you attractive price for your shares and will continue to do so as long as you are not satisfied with the offer!! This is something that my guruji (the person who taught me technical analysis) just confirmed.
He holds a few shares in Bharti-Tele (I guess I got the name right over the telephone) that got delisted. He has been offered Rs 96 some three years ago and now Rs 4000 for each share that he bought for Rs 10 (or some similar price in 1994). He is still holding the shares and is not willing to sell off below Rs 20000 per share!! So, that is the kind of position he is in because of INVESTING in a sound company and sticking to it.
Back to Cronimet, we have a wonderful opportunity today to buy as many shares as possible for the longer term WITHOUT SECOND THOUGHTS.
Dont worry about the delisting, open offer, blah, blah. If you have faith in the future of this company then just accumulate in a systematic way to reap the rewards in the years to come. This is a sure winner for the believers.
NOTE: I have already entered and planning to enter in a much bigger way.
Chill!
Shock!
[Some joker deleted my message and I am reposting it]...
Tracked by: 0 Boarder
Just an FYI. :-)
Shock!...
Tracked by: 0 Boarder
You can read the full article here:
ww w.i nt.iol.co.za/index.php?set_id=1&click_id=594&art_id=nw20080505133122323C875877
Bottomline: The above news came out on 05th May 2008 and the GMR Ferro acquisition was made soon after. I get a feeling that Cronimet is still looking at setting up a smelter near to the mines in SA and they may not have aggressively plans to develop GMR Ferro. However, GMR Ferro should benefit until the smelter in SA comes up.
Thoughts welcome. Goodluck!
Shock!...
In reply to:
GMR Ferro - Risks!
Posted by : ShockMarket
Cronimet, infact, is considering a smelter around its SA mines...read on...
===============================
Hamburg - German metals group Cronimet is considering setting up a chrome smelter in South Africa following its purchase of South African chrome mining deposits, CEO Guenter Pilarsky said on Monday.
A consortium headed by Cronimet in late April acquired the mining rights to a substantial chrome ore deposit located in the Western Limb of the Bushfeld geographical complex near Northam in South Africa.
Privately-owned Cronimet plans to start chrome ore mining in 2008 and hopes 2009 ore production will reach 400 000 tons.
\\\\
Tracked by: 0 Boarder
Cronimet, infact, is considering a smelter around its SA mines...read on...
===============================
Hamburg - German metals group Cronimet is considering setting up a chrome smelter in South Africa following its purchase of South African chrome mining deposits, CEO Guenter Pilarsky said on Monday.
A consortium headed by Cronimet in late April acquired the mining rights to a substantial chrome ore deposit located in the Western Limb of the Bushfeld geographical complex near Northam in South Africa.
Privately-owned Cronimet plans to start chrome ore mining in 2008 and hopes 2009 ore production will reach 400 000 tons.
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In reply to:
GMR Ferro - Risks!
Posted by : ShockMarket
Epi, Shoa
What are your comments on the following? I have tried to be as negative as possible to understand the risks in GMR Ferro:
Current status
Capacity - only 27000+ tons
No Captive power
No Captive ores (in India)
We are hoping that the Chrome ore will be imported from their SA mines acquired recently. How fair is our hope? What stops Cronimet from acquiring smelters in other parts of the world where this Chrome ore can be fully utilized? Why only India?
We are assuming that Cronimet will also look to expand the existing facility or acquire new ones in India. Any idea if Cronimet has done it in the past to prove that this is their usual strategy?
Results
How did the EPS jump to 9 for this qtr when the EPS for the last year whole was around 2? Remember, they do not have Captive ore/power.
Cronimet has acquired 70% of GMRF. What if it succeeds in getting another 20% for a low price through open offer? I guess, once it has 90% of holdings it can delist the company? What happens to the other 10% holders? Will they be forced to sell out at whatever rate dictated by Cronimet?
Thanks,
Shock!
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