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Patel Engineering Company
Patel Engineering - Thermal Power Venture
Posted by :
mny_mattersTracked by: 0 Boarder
hi
Patel engineering is planning to venture in its own thermal power plant and looking for buyout of the coal mines in indonesia.
how does that will impact on the overall business prospect.
considerign the current market scenrio is it advisable to venture in the completely new business line. as the new business requires much capital and utility business is also a low margin business. the funds required for new venture will increase the debt and consume the reserves. As construction in itself is capital intensive business and now liquidity is the major problem
is there mean share holders can ask company to reconsider its plan. (MoU with gujrat govt is also already signed)
...
patel Eng - Shareholding pattern
Posted by : mny_mattersTracked by: 0 Boarder
if one looks at the share holding pattern as on june 2008 for the patel engineering available on the bse. the holding is :
promotors group is approx 52 percent. recently promotors has added few more. so it might be 52-54 percent.
holding by the MF and institutions having more than 1 percent, there is no lehman brother, AIG or other big US name except citibank (1.87 percnt). most of the holding is with LIC and icici funds apart from the citigroup.
Valuations at current levels looks good. looking for the comments from other boarder tracking he stock...
Patel Engg Sept qtr PAT seen at Rs 21.6cr: M Osawal
Posted by : MMB MessengerTracked by: 0 Boarder
Motilal Oswal has come out with its earning estimates on the infrastructure sector for the quarter ended September '08. According to the report, Patel Engineering Company September sales are expected to go up 23.1% at Rs 2,902 million (Rs 290.2 crore)....
Accumulate PATEL ENGG @ CMP
Posted by : emkay_stocksTracked by: 0 Boarder
Dear mny_matters,
Thanks for clearly reasoning out the various problems we have on hand and how to handle them. Brilliant. Appreciate it and please keep writing your opinions. Good Luck ...
In reply to:
Accumulate PATEL ENGG @ CMP
Posted by : mny_matters
the current market situations are definitely grim and more from the global point of views. FII\\`s are taking the money out and its difficult to build conviction to buy.
but maybe this is the time to look at ur portfolio and chalk out the strategy for the future. am not suggesting buy as maybe as thought of market might see one deep cut, so people with low risk should keep on sidelines and be patient
but keep ur plan ready, as even in the recent interview rakesh jhunjunwaala has said that the big big bull run is still yet to come.
some points one should now look
1. the problems of the US although not yet surfaced out but people has made an approximate expectation of extent of problem and accepted that yes problem is serious. So NOW WE KNOW THAT THERE IS A PROBLEM AND ITS BIG AND IT WILL TAKE TIME.
2. System might take one year to clean the damage created and then build upon that. but most of the time markets move ahead of its time and the time when the continous evidences of smoothening of problem will come market will start taking the comeback.
3. The reaction of buying if comes in the indian market will come in the large cap, growth potential sectors. As those will the areas where the foreign money will hit again as they had to make the gains again. again when liquidity will improve the money will again to moving back to limited sectors and limted stocks. SO CHOOSE UR SECTORS AND STOCK AFTER DUE STUDY. dont buy the midcaps as they might offer value but money chasing those will be limited once the system will be freshly out of bear grip.
4. try and trade in the limited stocks as rallies will be short lived and it makes sense to bok profit at frequest intervals. so instead of buying 20 shares of 5 companies , buy 50 shares of 2 comapanies. so any upside on those could be realised in the profit and buyback at the lower levels. Do keep track of technicals also in the current markets as fundamentals will be on back side for some time (but ignoring them can be hazardous as fundamenatlly weak scrips will fall furhter).
5. trade in the liquid stocks only. 
Accumulate PATEL ENGG @ CMP
Posted by : mny_mattersTracked by: 0 Boarder
the current market situations are definitely grim and more from the global point of views. FII\\`s are taking the money out and its difficult to build conviction to buy.
but maybe this is the time to look at ur portfolio and chalk out the strategy for the future. am not suggesting buy as maybe as thought of market might see one deep cut, so people with low risk should keep on sidelines and be patient
but keep ur plan ready, as even in the recent interview rakesh jhunjunwaala has said that the big big bull run is still yet to come.
some points one should now look
1. the problems of the US although not yet surfaced out but people has made an approximate expectation of extent of problem and accepted that yes problem is serious. So NOW WE KNOW THAT THERE IS A PROBLEM AND ITS BIG AND IT WILL TAKE TIME.
2. System might take one year to clean the damage created and then build upon that. but most of the time markets move ahead of its time and the time when the continous evidences of smoothening of problem will come market will start taking the comeback.
3. The reaction of buying if comes in the indian market will come in the large cap, growth potential sectors. As those will the areas where the foreign money will hit again as they had to make the gains again. again when liquidity will improve the money will again to moving back to limited sectors and limted stocks. SO CHOOSE UR SECTORS AND STOCK AFTER DUE STUDY. dont buy the midcaps as they might offer value but money chasing those will be limited once the system will be freshly out of bear grip.
4. try and trade in the limited stocks as rallies will be short lived and it makes sense to bok profit at frequest intervals. so instead of buying 20 shares of 5 companies , buy 50 shares of 2 comapanies. so any upside on those could be realised in the profit and buyback at the lower levels. Do keep track of technicals also in the current markets as fundamentals will be on back side for some time (but ignoring them can be hazardous as fundamenatlly weak scrips will fall furhter).
5. trade in the liquid stocks only....
In reply to:
Accumulate PATEL ENGG @ CMP
Posted by : emkay_stocks
Dear stock10, As i suggested in my previous posts on PATEL ENGG, please read the article in JULY 2008 corporate india magazine and that will answer your queries on REAL ESTATE, VALUATIONS etc. This stock can never go wrong, max it can do is to test your patience. I am super bullish on this stock for very long term and its one of my top 5 picks in the INFRA/CONSTRUCTION industry. Keep adding on every decline. Huge reserves and they will reward the share holders in the coming years. Good Luck
Accumulate PATEL ENGG @ CMP
Posted by : emkay_stocksTracked by: 0 Boarder
Dear stock10, As i suggested in my previous posts on PATEL ENGG, please read the article in JULY 2008 corporate india magazine and that will answer your queries on REAL ESTATE, VALUATIONS etc. This stock can never go wrong, max it can do is to test your patience. I am super bullish on this stock for very long term and its one of my top 5 picks in the INFRA/CONSTRUCTION industry. Keep adding on every decline. Huge reserves and they will reward the share holders in the coming years. Good Luck...
In reply to:
Accumulate PATEL ENGG @ CMP
Posted by :
stock10
The concern is, even during the bull run, it participated very late in it, may be earlier it was highly valued and it never took fancy of investors
also there has been talks of land bank, which never came up
Accumulate PATEL ENGG @ CMP
Posted by : stock10Tracked by: 0 Boarder
The concern is, even during the bull run, it participated very late in it, may be earlier it was highly valued and it never took fancy of investors
also there has been talks of land bank, which never came up...
In reply to:
Accumulate PATEL ENGG @ CMP
Posted by : emkay_stocks
Dear stock10, I agree that its one of those HIGH BETA stocks , that it rises ferociously in good markets and when it falls and it goes in tandem. But the fundamentals warrant to state that this stock is grossly under-valued at around 300-360 and as i said repeatedly in all my previus posts, keep on selling on every 50-75% rise and ride the free shares for long term and in that case your capital will be safeguarded and you will reap good capital gains in the long term. Buy PATEL ENGG @ 300-360 and sell around 500-550 and keep free shares and when it touches again 750-900 then sell some more and keep the rest free shares for very long term and reap BONS/DIVIDENDS and it will give good capital gains in the years to come. Good Luck.
Accumulate PATEL ENGG @ CMP
Posted by : emkay_stocksTracked by: 0 Boarder
Dear stock10, I agree that its one of those HIGH BETA stocks , that it rises ferociously in good markets and when it falls and it goes in tandem. But the fundamentals warrant to state that this stock is grossly under-valued at around 300-360 and as i said repeatedly in all my previus posts, keep on selling on every 50-75% rise and ride the free shares for long term and in that case your capital will be safeguarded and you will reap good capital gains in the long term. Buy PATEL ENGG @ 300-360 and sell around 500-550 and keep free shares and when it touches again 750-900 then sell some more and keep the rest free shares for very long term and reap BONS/DIVIDENDS and it will give good capital gains in the years to come. Good Luck....
In reply to:
Accumulate PATEL ENGG @ CMP
Posted by : stock10
i have been tracking this stock from last 2 yrs and holding it since the time of ipo, first of all, even after more than 2 years it is still trading below ipo price, the order book was never a problem for patel engineering
it will go up with the market, but it is one of the first few stocks to fall bad when market go down
Accumulate PATEL ENGG @ CMP
Posted by : GuestTracked by: 0 Boarder
dear, you must have forgotten that this stock has gone ut to 1070/- in jan-08 ...
In reply to:
Accumulate PATEL ENGG @ CMP
Posted by : stock10
i have been tracking this stock from last 2 yrs and holding it since the time of ipo, first of all, even after more than 2 years it is still trading below ipo price, the order book was never a problem for patel engineering
it will go up with the market, but it is one of the first few stocks to fall bad when market go down
Accumulate PATEL ENGG @ CMP
Posted by : stock10Tracked by: 0 Boarder
i have been tracking this stock from last 2 yrs and holding it since the time of ipo, first of all, even after more than 2 years it is still trading below ipo price, the order book was never a problem for patel engineering
it will go up with the market, but it is one of the first few stocks to fall bad when market go down...
In reply to:
Accumulate PATEL ENGG @ CMP
Posted by : emkay_stocks
Folks, Massive order it has bagged and also the company management has expressed in NDTV PROFIT, that they will do an overseas acquisition of COAL MINES soon.
Good Luck.
Accumulate PATEL ENGG @ CMP
Posted by : emkay_stocksTracked by: 0 Boarder
Folks, Massive order it has bagged and also the company management has expressed in NDTV PROFIT, that they will do an overseas acquisition of COAL MINES soon.
Good Luck....
In reply to:
Accumulate PATEL ENGG @ CMP
Posted by : emkay_stocks
Folks,
Accumulate Patel Engg between 340-390 and keep on adding it on declines. Its a strong buy between 280-340. The reason why I am bullish on this stock is mentioned in my previous posts and Jagdish Gaba also posted his analysis on why one needs to bullish on PATEL ENGG. Please go through and if you are convinced go ahead and buy this wealth creator. If possible as i mentioned please read the article in CORPORATE INDIA (JUNE/JULY) edition. It is an excellent article which explains where the company is heading to in next 3-4 years and what kind of revenues it can generate in the near future. Good Luck.
BSE Announcements on Patel Eng
Posted by : MMB MessengerTracked by: 0 Boarder
Patel Engineering Ltd has informed BSE regarding a Press Release dated September 19, 2008 titled "Patel Engineering bags Rs 696 cr order from Krishna Delta System modernization"....
NSE Announcements on Patel Eng
Posted by : MMB MessengerTracked by: 0 Boarder
Accumulate PATEL ENGG @ CMP
Posted by : emkay_stocksTracked by: 0 Boarder
Folks,
Accumulate Patel Engg between 340-390 and keep on adding it on declines. Its a strong buy between 280-340. The reason why I am bullish on this stock is mentioned in my previous posts and Jagdish Gaba also posted his analysis on why one needs to bullish on PATEL ENGG. Please go through and if you are convinced go ahead and buy this wealth creator. If possible as i mentioned please read the article in CORPORATE INDIA (JUNE/JULY) edition. It is an excellent article which explains where the company is heading to in next 3-4 years and what kind of revenues it can generate in the near future. Good Luck....
Posted by :
emkay_stocksTracked by: 1 Boarder
Dear Jagdish Gaba,
Thanks a lot for liking my posts. I never commented that PATEL ENGG has not issued bonus. I just stated that the management is "conservative" to increase the equity base, but never commented that the management in itself is conservative. when one of the boarders "shyamlalmehta" was stating that we can expect 6:1 bonus i was stating that it was too much to ask for as the management is very conscious of increasing the equity base. But I have full faith that they are liberal and to that sense they want to share the revenues of the land bank from the real estate in the books of patel engg itself rather than transferring them to a seperate company. Bonus as you said seems to be imminent. I am happy if they give less dividend and use that funds for increasing the global foothold which they are doing right now by acquiring mines etc so that company will have broader reach and that will create lot of revenues and hence lead to wealth creation of the shareholders. Infact i am super bullish on this stock and also mentioned in a recent post on RELIANCE INDUSTRIES about list of stocks to own for the future and PATEL ENGG is one of them. They have 700 cr of reserves on the equity base of 7 crores which is probably the best ration in the entire gamut of stocks listed in the market. I also recommented fellow boarders to read an exhaustive article on PATEL ENGG in CORPORATE INDIA magazine (JUNE or JULY copy). They have varied interests in infrastructure projects, mines, hydro power, thermal power(which they may venture),real estate and other feather to its cap is it is the ONLY listed infrastructure company which has done construction work of the bridges in USA. They have built a good reputation and can expect repeated orders in the future. In short and sweet, PATEL ENGG is a must buy at CMP and declines. Hope this helps. Good Luck...
In reply to:
JAGDISH GABA
emkay stocks,Inspite of the fact that I like a few of your posts on different stocks n the way you have explained with logic
But patel engg has given two bonuses in 2001 n 2004 in the ratio of 1:2 and again 1:1 in 2004 and i feel there are enormous chances of their delaring a bonus in fy 2009
By giving so small divi 150%at fv 1/-,they dont come up to the expectations of investors The reserves are so bulging that they will beleft with no choice than to give bonus in the near future
The stock is a sure buy because momentum in infrastructure is going to increase in view of the ensuing elections
Boarders Outlook on Patel Eng
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