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Reliance Petroleum
what to do with RPL? 23 rd july 2008 report.
Posted by :
phkTracked by: 0 Boarder
my dear BE AND MAKE,//thanks// please give regularly, you expert summary, from good sources on reliance group//,godrej group //,and tata group// always great full//PHK//...
In reply to:
what to do with RPL? 23 rd july 2008 report.
Posted by :
Be and Make
WEDNESDAY, JULY 23, 2008
what to do with RPL ?
I am tracking this stock from its IPO. I entered at the price of 62/- and made money on ups and downs. Till now I loosed two times in this counter from last couple of years and Is very negligible when compared to my gains.
I wish to share some past issues in this counter which are factored in.
In the quarter oct-dec07:
1. Reliance Petroleum Limited has informed the Exchange regarding a media release dated October 16, 2007, titled "RPL achieves overall project progress of over 70%; Refinery project ahead of schedule".
2. The stock was moved from 110 – 290 level due to RPLs statements anticipating production will start ahead of schedule and will hugely change the earning number in FY09.
3. The real drama happened during this quarter most of the small investors started entering in this counter and the fancy to ‘reliance’ pushed the scrip madly from 110-290/- and the management sold the 4.1% stake @224/- knowing that is the fair value to book profits some of the holdings.
4. This severely affected the sentiment of the investors and the scrip fell from the 290+ to 240+ level sharply.
In the quarter jan – mar08:
1. Reliance Petroleum Limited has informed the Exchange regarding a media release dated jan 15, 2008, titled "RPL refinery achieves 82% overall progress in just two years Refinery project ahead of schedule".
2. The stock fell from 250+ to 150+ level due to the ‘chevron not interested to hike its stake due to overpricing, management (RIL) too sold its 4% stake @224/-, there is no such indication of production starting date or month , AND THE MANAGEMENT REPEATEDLY SAYING ‘production will be ahead of schedule’.
3. These all are hugely affected the sentiment of the investors.
In the quarter april –june08:
1. Reliance Petroleum Limited has informed the Exchange regarding a media release dated April 16, 2008, titled "RPL refinery achieves 90% overall progress; Project on track for completion ahead of schedule".
2. Again the same announcement ‘production is ahead of schedule’
3. The stock again went up marginally on short covering but again fell to 190+ to 160+ level.
4. The real patience time for the investors and all anticipating at least the production will start on September 2008. But, there is no official statement from the management.
In the quarter July - …. 08:
1. Reliance Petroleum Limited has informed the Exchange regarding a media release dated July 22, 2008, titled "RPL refinery achieves 94% overall progress; Pre-commissioning activities gain momentum".
2. The Mukesh Ambani-led Reliance Petroleum Limited, or RPL has said that the refinery at Jamnagar will be completed ahead of December 2008. The company has utilized Rs 25,515 crore against projected Rs 24,125 crore for the project.
3. Again the same statement from chairman, nothing special about this!
4. This quarter some macro picture is going to be changed because of windfall tax, ban on EOU status..
5. Most of the analysts, which are strong believers of RPL success story now coming with bearish short term call aiming 140-145/- level.
6. UPA too showed the vote of confidence means crucial time ahead for RPL,RIL and cairn.
---
Conclusion:
a) For short term huge panic will come from here which will drag the RPL to 140+ level.
b) For long term investors its good opportunity to add at 140+ level.
c) For FY09 production may not be before September means there may not have significant impact on FY09 results. No such announcement from the management.
d) Some political issues now started targeting the Mukesh group companies.
---
With thanks
K a l y a n
Posted by kalyan (Be and Make) at 11:25 AM 0 comments Links to this post
Labels: RPL
----------
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---
Be prosper and make others to prosper.
---
with thanks
BE AND MAKE
Cues from FnO: Short term bounce?
Posted by : Be and MakeTracked by: 2 Boarders
Dear vbhandari – Good to see your message, I am not belonging to the petrochemical industry I am an investor of RPL. So, I cant find out the internals as you can but even as from out side we can guess that worst is behind us.
In my view, most of the boarders/investors may not know how the bear market is, whats its character, how it acts, how it sustains.
In my view, next key trigger for the panic is Q2 results till that we will in a tight range between 3550-3710.
(Hope that nifty may not breach the 3550, if it breaches tomorrow then the real panic will come.)
With thanks
Be and make
...
In reply to:
Cues from FnO: Short term bounce?
Posted by :
vbhandari
Dear Be and Make, u are very much true, i work for petrochemical company, now if RPL production start also there is no demand globally and locally, there is very huge pressure on price which is going downward, Proplyne price had fallen almost 42% from its high in July-2008 . Further, there is current news that one of the largest bank in china is in trouble... so only one advice to all investor just KEEP cash in your hand dont buy now wait for 10K or 9K or 8K senses, as said by you there is no space for fundamentals and technicals. September results (Q2) of all major companies would be worse....
what to do with RPL? 23 rd july 2008 report.
Posted by : Be and MakeTracked by: 0 Boarder
WEDNESDAY, JULY 23, 2008
what to do with RPL ?
I am tracking this stock from its IPO. I entered at the price of 62/- and made money on ups and downs. Till now I loosed two times in this counter from last couple of years and Is very negligible when compared to my gains.
I wish to share some past issues in this counter which are factored in.
In the quarter oct-dec07:
1. Reliance Petroleum Limited has informed the Exchange regarding a media release dated October 16, 2007, titled "RPL achieves overall project progress of over 70%; Refinery project ahead of schedule".
2. The stock was moved from 110 – 290 level due to RPLs statements anticipating production will start ahead of schedule and will hugely change the earning number in FY09.
3. The real drama happened during this quarter most of the small investors started entering in this counter and the fancy to ‘reliance’ pushed the scrip madly from 110-290/- and the management sold the 4.1% stake @224/- knowing that is the fair value to book profits some of the holdings.
4. This severely affected the sentiment of the investors and the scrip fell from the 290+ to 240+ level sharply.
In the quarter jan – mar08:
1. Reliance Petroleum Limited has informed the Exchange regarding a media release dated jan 15, 2008, titled "RPL refinery achieves 82% overall progress in just two years Refinery project ahead of schedule".
2. The stock fell from 250+ to 150+ level due to the ‘chevron not interested to hike its stake due to overpricing, management (RIL) too sold its 4% stake @224/-, there is no such indication of production starting date or month , AND THE MANAGEMENT REPEATEDLY SAYING ‘production will be ahead of schedule’.
3. These all are hugely affected the sentiment of the investors.
In the quarter april –june08:
1. Reliance Petroleum Limited has informed the Exchange regarding a media release dated April 16, 2008, titled "RPL refinery achieves 90% overall progress; Project on track for completion ahead of schedule".
2. Again the same announcement ‘production is ahead of schedule’
3. The stock again went up marginally on short covering but again fell to 190+ to 160+ level.
4. The real patience time for the investors and all anticipating at least the production will start on September 2008. But, there is no official statement from the management.
In the quarter July - …. 08:
1. Reliance Petroleum Limited has informed the Exchange regarding a media release dated July 22, 2008, titled "RPL refinery achieves 94% overall progress; Pre-commissioning activities gain momentum".
2. The Mukesh Ambani-led Reliance Petroleum Limited, or RPL has said that the refinery at Jamnagar will be completed ahead of December 2008. The company has utilized Rs 25,515 crore against projected Rs 24,125 crore for the project.
3. Again the same statement from chairman, nothing special about this!
4. This quarter some macro picture is going to be changed because of windfall tax, ban on EOU status..
5. Most of the analysts, which are strong believers of RPL success story now coming with bearish short term call aiming 140-145/- level.
6. UPA too showed the vote of confidence means crucial time ahead for RPL,RIL and cairn.
---
Conclusion:
a) For short term huge panic will come from here which will drag the RPL to 140+ level.
b) For long term investors its good opportunity to add at 140+ level.
c) For FY09 production may not be before September means there may not have significant impact on FY09 results. No such announcement from the management.
d) Some political issues now started targeting the Mukesh group companies.
---
With thanks
K a l y a n
Posted by kalyan (Be and Make) at 11:25 AM 0 comments Links to this post
Labels: RPL
----------
(source: stockstowin.blogspot.cam)
FOR TO WATCH OTHER ARTICLES, VISIT THE BLOG : stockstowin.blogspot.cam
---
Be prosper and make others to prosper.
---
with thanks
BE AND MAKE
...
Cues from FnO: Short term bounce?
Posted by : vbhandariTracked by: 2 Boarders
Dear Be and Make, u are very much true, i work for petrochemical company, now if RPL production start also there is no demand globally and locally, there is very huge pressure on price which is going downward, Proplyne price had fallen almost 42% from its high in July-2008 . Further, there is current news that one of the largest bank in china is in trouble... so only one advice to all investor just KEEP cash in your hand dont buy now wait for 10K or 9K or 8K senses, as said by you there is no space for fundamentals and technicals. September results (Q2) of all major companies would be worse.... ...
In reply to:
Cues from FnO: Short term bounce?
Posted by : Be and Make
Dear manju – Now we are going in to a global recession, where there is no space for fundamentals and technicals. There is only one pattern can be seen that is selling. Its not the time to look in to equities right now. These are the panic conditions, where no can predict the bottom. Value may not emerge in a single week or in a single month but panic selling will continue and is enough to do the damage in that time.
So, nothing left to say about the supports and resistances its all about to survive for at least for couple of months from here.
After the Q2 results of RIL take a fresh decision on the oil refineries.
To survive in these panic conditions “cash is king” is my slogan.
With thanks
Be and make
Cues from FnO: Short term bounce?
Posted by : Be and MakeTracked by: 2 Boarders
Dear manju – Now we are going in to a global recession, where there is no space for fundamentals and technicals. There is only one pattern can be seen that is selling. Its not the time to look in to equities right now. These are the panic conditions, where no can predict the bottom. Value may not emerge in a single week or in a single month but panic selling will continue and is enough to do the damage in that time.
So, nothing left to say about the supports and resistances its all about to survive for at least for couple of months from here.
After the Q2 results of RIL take a fresh decision on the oil refineries.
To survive in these panic conditions “cash is king” is my slogan.
With thanks
Be and make
...
In reply to:
Cues from FnO: Short term bounce?
Posted by :
manju_berlin
Dear Be and make
IS RPL heading to Rs100?
Pleae suggest.. your early replys may helps many.
Thanks again. Please reply my previous text also
Cues from FnO: Short term bounce?
Posted by : Be and MakeTracked by: 2 Boarders
Dear chief - Thanks for your words. In my view, my experience did all the wonders for me. Its a great pleasure to have such good words from you. RIL will face further weakness in the near term (2-3 months) due to sudden skid in the refining margins globally. Q2 results will give us some cues to review the decisions.
With thanks
Be and make
...
In reply to:
Cues from FnO: Short term bounce?
Posted by : chief_kamani
Be and Make-You are doing wonders with your timely and wise investment decisions!!
RPL next support at 120+ : Be and Make
Posted by : Be and MakeTracked by: 1 Boarder
Dear maju – thanks for your good words. Globally oil refining companies will pass on a bumpy road in the upcoming quarters. Due to the global crisis, definitely there should be a further skid to the refining margins. In the Q1 it self it gave some signals that oil refining margins are shrinking. Adding fuel to fire, this Crisis will further worsen the margins.
So, the Q2FY09 results will give the correct picture of this. Most of the analysts globally assuming that Q3 will be much worsen than Q2. Which clearly indicates that we can’t see any big up moves in this scrip (of course in RIL also).
Again I am saying that if you are a long term investor (2-3 year) then just hold your positions otherwise just exit on every rally.
Tomorrow we may see the some short covering, better to use these short covering rallies to re-construct your portfolio.
Please go through my blog for weekly updates and fresh news of RPL.
With thanks
Be and make
...
In reply to:
RPL next support at 120+ : Be and Make
Posted by : manju_berlin
Dear Be and Make
Thanks again. only exit from f&O. Still my 4000 share are @166. as you suggested to hold.
So what now? what do you think about the market and RPL.
IS there any call from your side!
Is there any chance that rpl will bounce back to at least 166 level!! any time frame :)
BUY.........................................
Posted by : GuestTracked by: 0 Boarder
Story:MRO-TEK is a communication and broadcasting equipment maker.The company is a one-stop shop for entire range of networking products and solutions like copper fibre converters , bandwith manager, VDSL and switches.The company has alliances with Extreme Networks for switches, ZyXEL for high end leased lines modems and Alvarion for wireless radio.Mro-tek caters to topline clientele which includes biggies like BSNL, VSNL, Bharti, Satyam, Dishnet, LIC, SBI, IBM, SAIL, Hutch, BSES, Reliance, Compaq, UTI, Star News, etc.The rapid thrust for development in communication sector, present and projected growth in mobile telephony infrastructure, 3G, Internet, IPTV and Broadband, together with ever-growing awareness and demand by Banking, Finance, Insurance and Corporate sectors, and developing requirement of State Wide Area Network (SWAN) would ensure incessantly increasing market demand for the products of the company.The company has repaid all its debt and its a zero debt company now.It pays a good dividend too,divided yield comes at near 4% and the same record should continue.For FY09, the company is likely to achieve a topline of Rs.170 crores and bottomline of Rs.23 crores translating into an EPS of Rs.12 per share. Hence, share is ruling at P/E of 4.5 based on FY 09 earning.The company is likely to report a growth of over 30 per cent in next three years and a growth of over 40 per cent in its bottomline.Mro-tek has been long overlooked by the market but the dark horse is ready for the blazing race.So be the jockey and get yourself a fat pay pocket in the long haul....
Cues from FnO: Short term bounce?
Posted by : vkk43Tracked by: 2 Boarders
Please keep your good work.
...
In reply to:
Cues from FnO: Short term bounce?
Posted by : Be and Make
Dear vkk43- Thanks for your good words.
All the best
Happy investing
Be prosper and make other to prosper
with thanks
be and make
Cues from FnO: Short term bounce?
Posted by : chief_kamaniTracked by: 2 Boarders
Be and Make-You are doing wonders with your timely and wise investment decisions!!...
In reply to:
Cues from FnO: Short term bounce?
Posted by : Be and Make
dear chief - I think now you understood why i offloaded the RPL. Again things working for me.
with thanks
be and make
Rpl and Rnrl Future
Posted by : GuestTracked by: 0 Boarder
Rpl is ready to strat its World Biggest Refinary soon.
Rnrl news
October 07, 2008
ADAG plans to acquire 6 Capesize ships by 2011
Exim News Service reported that the Anil Dhirubhai Ambani Group proposes to enter shipping operations by buying 6 Capesize dry bulk carriers by 2011, entailing an investment of INR 3,000 crore.
Initially the company will concentrate on captive operations, but may later enter commercial services if there is good opportunity.
The official who took part in the recently concluded India Shipping Summit 2008 said that the group’s shipping business would be under Reliance Natural Resources Limited. He said that We will need another 6 Panamax vessels and 6 more Capesize vessels by 2013 for our Shahapur and Krishnapatnam power projects.
The company is reportedly negotiating with some shipyards including Korean, to place orders for its first lot of Capesize vessels.
Cheers
Reliance Lover
...
Cues from FnO: Short term bounce?
Posted by : manju_berlinTracked by: 2 Boarders
Dear Be and make
IS RPL heading to Rs100?
Pleae suggest.. your early replys may helps many.
Thanks again. Please reply my previous text also
...
In reply to:
Cues from FnO: Short term bounce?
Posted by : Be and Make
Dear vkk43- Thanks for your good words.
All the best
Happy investing
Be prosper and make other to prosper
with thanks
be and make
Accumulate R Petro
Posted by : RelyOn RelianceTracked by: 0 Boarder
Accumulate Reliance petro between 107- 117....
will rpl
Posted by : GuestTracked by: 0 Boarder
could anyone answer this question?...
Cues from FnO: Short term bounce?
Posted by : Be and MakeTracked by: 2 Boarders
Dear vkk43- Thanks for your good words.
All the best
Happy investing
Be prosper and make other to prosper
with thanks
be and make...
In reply to:
Cues from FnO: Short term bounce?
Posted by : vkk43
Thanks to you as well. Pl. keep it up.
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