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Eicher Motors
volvo buys 8.1% stake
Posted by :
totalviewTracked by: 0 Boarder
Please go on nse website and Eicher Motors in particular. In corporate announcements u will find each and every detail. Please open all the announcement for the past six months. Of course, Volvo purchase @ Rs.691/- has been done in August 2008 itself. No comments on the price movements except that there is likely to be an announcement of buy-back from public also at the same price i.e.Rs.691/-. It has already been announced by the management. Price may be upward keeping in mind this development and share price is grossly undervalued. Cheers !!!!...
In reply to:
volvo buys 8.1% stake
Posted by : Guest
Hi,
This is good news. Could you please inform the link explaining this news?
Also does this mean the share price will move sharply in the coming days? I have shares averaged to Rs.380. Will you suggest averaging few more at CMP(Rs.281)? Can i expect a decent upside (around 10%) in the coming days?
Please help me as I am stuck at higher levels. (I am interested in short term because, I am in need of money soon though I know this is a good stock for long term) 
volvo buys 8.1% stake
Posted by : GuestTracked by: 0 Boarder
Hi,
This is good news. Could you please inform the link explaining this news?
Also does this mean the share price will move sharply in the coming days? I have shares averaged to Rs.380. Will you suggest averaging few more at CMP(Rs.281)? Can i expect a decent upside (around 10%) in the coming days?
Please help me as I am stuck at higher levels. (I am interested in short term because, I am in need of money soon though I know this is a good stock for long term)...
In reply to:
volvo buys 8.1% stake
Posted by : totalview
Volo has bought 8.1% @ Rs.691.68 per share !!!!!!
volvo buys 8.1% stake
Posted by : totalviewTracked by: 0 Boarder
Volo has bought 8.1% @ Rs.691.68 per share !!!!!!...
In reply to:
volvo buys 8.1% stake
Posted by :
overmars
Volvo has brought 8.1% in Eicher motors amounting to around 22 lac shares from promoters.
volvo buys 8.1% stake
Posted by : overmarsTracked by: 0 Boarder
Volvo has brought 8.1% in Eicher motors amounting to around 22 lac shares from promoters....
Eicher Motors above 30, 50 and 150 DMAs
Posted by :
mr perfectTracked by: 0 Boarder
Yes Eicher is a buy can do 303-312....
In reply to:
Eicher Motors above 30, 50 and 150 DMAs
Posted by : totalview
Eicher Motors has consolidated very well and it is not quoting above 30, 50 and 150 days moving averages(DMAs). It\\`s a positive sign for the scrip. Once it crosses 200 DMAs it will still show a better performance. Possible trigger could be announcement by the company for a buy back @ Rs.691/- as against the CMP of Rs.285/-. Risk-Reward ratio seems to be favouring the buyers at CMP. Cheers !!!!!!
Eicher Motors above 30, 50 and 150 DMAs
Posted by : totalviewTracked by: 0 Boarder
Eicher Motors has consolidated very well and it is not quoting above 30, 50 and 150 days moving averages(DMAs). It\\`s a positive sign for the scrip. Once it crosses 200 DMAs it will still show a better performance. Possible trigger could be announcement by the company for a buy back @ Rs.691/- as against the CMP of Rs.285/-. Risk-Reward ratio seems to be favouring the buyers at CMP. Cheers !!!!!!...
BSE Announcements on Eicher Motors
Posted by : MMB MessengerTracked by: 0 Boarder
With reference to the earlier announcement dated May 26, 2008 regarding the Company has signed the definitive agreements with AB Volvo, Sweden for formation of a Joint Venture Company ("JVC") through transfer of the existing Commercial Vehicle Business along with related Components and Design Services Business ("CV Business") to a step down subsidiary of the Company. For the aforesaid transaction, the approval of the shareholders was obtained through postal ballot on March 15, 2008,Eicher Motors Ltd has now informed BSE that pursuant to receipt of all regulatory approvals, the closing under the definitive agreements referred above has occurred on August 22, 2008 and consequently the Company have now transferred the CV Business to VECV, the Joint Venture Company with effect from July 01, 2008, by way of a "slump sale" (as defined under Section 2 {42 C} of the Income Tax Act, 1961) on a going concern basis....
Bad results
Posted by : totalviewTracked by: 0 Boarder
Dear psgs,
I expect better days ahead on this counter. Cheers !!!!...
In reply to:
Bad results
Posted by : psgs
dear totalview,
I appreciate your true, honest and frank reply my friend.
some people are very bullish on this stock. take ashok leyland, they have the problem of scale and capacity. take M&M....there is nothing special...all their models are reporting lower sales. Tractor business is one old type of business models....they are just surviving and there is nothing interesting in M&M. take Maruti, its fairly valued compared to other auto stocks. Take Bajaj and Hero Honda, they are under performers. Take tata motors......which corrected hugely after Jaguar and Land rover brands acquisition. but one has to see the hidden value in Tata Motors. this can give good returns for the long term.
tell me, if 691.68 is the buy back price, why the stock is quoting at current low levels?
swamy.
chance of Rs.30 dividend
Posted by : totalviewTracked by: 0 Boarder
My understanding is that promoters and Eicher Motors, both are distinct and separate entity and non-compete fee has been paid to both keeping in view that any one should not be able to enter CV business. Hence no sharing of non-compete fee to retail shareholders. Cheers !!!!...
In reply to:
Bad results
Posted by : psgs
dear totalview,
I appreciate your true, honest and frank reply my friend.
some people are very bullish on this stock. take ashok leyland, they have the problem of scale and capacity. take M&M....there is nothing special...all their models are reporting lower sales. Tractor business is one old type of business models....they are just surviving and there is nothing interesting in M&M. take Maruti, its fairly valued compared to other auto stocks. Take Bajaj and Hero Honda, they are under performers. Take tata motors......which corrected hugely after Jaguar and Land rover brands acquisition. but one has to see the hidden value in Tata Motors. this can give good returns for the long term.
tell me, if 691.68 is the buy back price, why the stock is quoting at current low levels?
swamy.
NSE Announcements on Eicher Motors
Posted by : MMB MessengerTracked by: 0 Boarder
Eicher Motors Ltd had informed the Exchange that the company has signed the definitive agreements with AB Volvo, Sweden for formation of a Joint Venture company ( "JVC" ) through transfer of the existing Commercial Vehicle Business along with related Components and Design Services Business ( "CV Business" ) to a step down subsidiary of the Company. For the aforesaid transaction, the approval of the shareholders was obtained through postal ballot on March 15, 2008. The company has now informed that pursuant to receipt of all regulatory approvals, the closing under the definitive agreements referred above has occurred on August 22, 2008 and consequently the company has now transferred the CV Business to VECV, the Joint Venture Company with effect from July 01, 2008 by way of a "slump sale" (as defined under Section 2{42 C} of the Income Tax Act, 1961) on a going concern basis....
BSE Announcements on Eicher Motors
Posted by : MMB MessengerTracked by: 0 Boarder
Eicher Motors Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 21, 2008, to consider enhancing the limit of investment of surplus funds in the mutual funds duly approved by SEBI....
Bad results
Posted by : psgsTracked by: 0 Boarder
dear totalview,
I appreciate your true, honest and frank reply my friend.
some people are very bullish on this stock. take ashok leyland, they have the problem of scale and capacity. take M&M....there is nothing special...all their models are reporting lower sales. Tractor business is one old type of business models....they are just surviving and there is nothing interesting in M&M. take Maruti, its fairly valued compared to other auto stocks. Take Bajaj and Hero Honda, they are under performers. Take tata motors......which corrected hugely after Jaguar and Land rover brands acquisition. but one has to see the hidden value in Tata Motors. this can give good returns for the long term.
tell me, if 691.68 is the buy back price, why the stock is quoting at current low levels?
swamy.
...
In reply to:
Bad results
Posted by : totalview
Frankly speaking I have not gone into Tata Motors details. However, Eicher Motors now no value unlocking involved. Now almost everything is on board. JV has been formed, govt approval for JV investment by CCEA is in place and management is on record for buy back @ Rs.691.68 per share for 13% equity of public shareholders. Now it\\`s a question of market taking it sooner or later. No decisions for value unlocking to be taken by management except Royal Enfield getting a JV and a financial arm for financing of CVs in JV with volvo. However, I shall go through Tata Motors details. Appreciate if u could provide some meaningful details. Cheers !!!!!!
Bad results
Posted by : totalviewTracked by: 0 Boarder
Frankly speaking I have not gone into Tata Motors details. However, Eicher Motors now no value unlocking involved. Now almost everything is on board. JV has been formed, govt approval for JV investment by CCEA is in place and management is on record for buy back @ Rs.691.68 per share for 13% equity of public shareholders. Now it\\`s a question of market taking it sooner or later. No decisions for value unlocking to be taken by management except Royal Enfield getting a JV and a financial arm for financing of CVs in JV with volvo. However, I shall go through Tata Motors details. Appreciate if u could provide some meaningful details. Cheers !!!!!! ...
In reply to:
Bad results
Posted by : psgs
if you calculate the unlocking of value in Tata Motors....then u will get lost my friend. Tata motors have so many JV's and subsidiaries. they will list some of them. there is going to be huge unlocking of value in Tata Motors which is multiple times bigger than Eicher motors value.
didn't you smell that?
swamy.
Bad results
Posted by : psgsTracked by: 0 Boarder
if you calculate the unlocking of value in Tata Motors....then u will get lost my friend. Tata motors have so many JV's and subsidiaries. they will list some of them. there is going to be huge unlocking of value in Tata Motors which is multiple times bigger than Eicher motors value.
didn't you smell that?
swamy.
...
In reply to:
Bad results
Posted by : totalview
This is one stock which offers value buying. It\\`s a cash rich company. Market cap is just 755 crores and after transfer of CV and Engg. division to JV volvo it will have cash around that level. Hold on !!! JV shares of 54.5% which is valued more Rs.2200 crores is virtually free. Besides, there is a buy back offer in the pipeline. Buy back itself will @ Rs.691.68 per share for 13% of the equity. Volvo itself has invested at the same price. They have a strategy to increase the market share tremendously. Volvo is a formidable player in the international market and they would not allow JV to collapse. Besides, a financial arm (JV)with volvo to finance the commercial vehicles is in the pipeline. Please note that Eicher Motors is cash rich company and all its assets are in cash except Royal Enfield division and 54.5% share in JV. Money invested in long term capital bonds out of sale of Tractor Division three years back will be available in November 2008 (Rs.285 crores). Now u decide whether it is a sell or buy. Of course, negative point is that with overall economy a bit slow CV business will be impacted but that is for all CV manufacturers. Otherwise - future is extremely bright. Iceing on the cake - Management is 100% fair and transparent. Please go through their website (EICHERWORLD). Cheers !!!!!!!
Bad results
Posted by : totalviewTracked by: 0 Boarder
This is one stock which offers value buying. It\\`s a cash rich company. Market cap is just 755 crores and after transfer of CV and Engg. division to JV volvo it will have cash around that level. Hold on !!! JV shares of 54.5% which is valued more Rs.2200 crores is virtually free. Besides, there is a buy back offer in the pipeline. Buy back itself will @ Rs.691.68 per share for 13% of the equity. Volvo itself has invested at the same price. They have a strategy to increase the market share tremendously. Volvo is a formidable player in the international market and they would not allow JV to collapse. Besides, a financial arm (JV)with volvo to finance the commercial vehicles is in the pipeline. Please note that Eicher Motors is cash rich company and all its assets are in cash except Royal Enfield division and 54.5% share in JV. Money invested in long term capital bonds out of sale of Tractor Division three years back will be available in November 2008 (Rs.285 crores). Now u decide whether it is a sell or buy. Of course, negative point is that with overall economy a bit slow CV business will be impacted but that is for all CV manufacturers. Otherwise - future is extremely bright. Iceing on the cake - Management is 100% fair and transparent. Please go through their website (EICHERWORLD). Cheers !!!!!!!...
In reply to:
Bad results
Posted by : psgs
book profits. switch to Tata Motors.
swamy.
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