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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Motors sector

Motors sector

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21Motors sector - Page 2 Empty Re: Motors sector Tue Mar 08, 2011 8:57 pm

mark


Expert
Expert
@Meta Trader wrote:
@slstock wrote:
@smallville wrote:I also have my eyes on this but regret to say I burnt my fingers by jumping onto it in wrong time Mad

But I'm positive that this would give u a good return looking at the revenue growth qtr to qtr.. Mostly they have a wide range of products than others so a good growth could be expected in future too..
We have to keep this in our radar for it to grab at the correct price.. surely a split would add some fuel to the fire ;-)
Any thoguhts guys?

SmallVille,
What price did oyu get it at ? Around Rs 1700-1800 is it? Do not worry mate. This is Motor sector leader without doubt. Patience is the key with this one. No doubt it is undervalued even if you think it reports half the last quarter EPS. With their High end Merced and low end Dimo Batta they seems to have solid goround for the medium term atleast

DIMO is very easy pick when it was around 1000 levels in the beginning of 2011 Very Happy
i bought some those days when every one chasing Poultry stocks . Very Happy
sold them at 1650
Very Happy

this thing have the real potential but lack of liquidity killing this thing Wink


PUBLIC HOLDING 48.40% (31st December 2010)...........
IS THIS ILLIQUID????

http://www.cse.lk/cmt/upload_report_file/694_1297695181218.pdf

IF THIS ILLIQUID,THIS MAY HAVE BENEFITED FROM ILLIQUID RUN AS AUTO WE HAD EARLIER......
BUT IT DIDN'T.....................
Smile

22Motors sector - Page 2 Empty Re: Motors sector Tue Mar 08, 2011 9:00 pm

smallville


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Yes Slstock ur right...I got this around 1700 and was stuck since it was going down.. Knowing that this is a good counter U guys think this will further go down? I wanna avg it..

23Motors sector - Page 2 Empty Re: Motors sector Tue Mar 08, 2011 11:39 pm

UKboy


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@tubal wrote:In the motors sector, while most counters are trading above PE 20, there is one share that has a single digit PE. It's price as declined further due to the correction. Anyone know the reason for this?


i think some retailers are trying to sell this share which they bought for cheaper price in December and early January & this is purely because of the credit clearance. This is probably few shares they can sell with a profit.

Eventhough current price give me more than 12X return I wouldnt sell this share anytime soon.

Sri lankan people love all the brands of this company. Colombo 07 to Bintanne Smile

24Motors sector - Page 2 Empty Re: Motors sector Wed Mar 09, 2011 5:34 am

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@UKboy wrote:
@tubal wrote:In the motors sector, while most counters are trading above PE 20, there is one share that has a single digit PE. It's price as declined further due to the correction. Anyone know the reason for this?


i think some retailers are trying to sell this share which they bought for cheaper price in December and early January & this is purely because of the credit clearance. This is probably few shares they can sell with a profit.

Eventhough current price give me more than 12X return I wouldnt sell this share anytime soon.

Sri lankan people love all the brands of this company. Colombo 07 to Bintanne Smile
Woah! you must of bought this at the time when they did the share buy back

25Motors sector - Page 2 Empty Re: Motors sector Wed Mar 09, 2011 6:41 am

anu


Manager - Equity Analytics
Manager - Equity Analytics
@wis wrote:Question is can they repeat that Mercedes et al. sale again? Rich people were in a hurry to buy them thinking the tax reduction will be rescinded. Now there're new companies popping up even selling limos. They do have other non-motor segments but how much do they contribute to the final profit compared to car sales.

wis - Absolutely. I have the same apprehension. Whether there can be more than 300 Benz car sales every year.

26Motors sector - Page 2 Empty Re: Motors sector Wed Mar 09, 2011 6:48 am

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@anu wrote:
@wis wrote:Question is can they repeat that Mercedes et al. sale again? Rich people were in a hurry to buy them thinking the tax reduction will be rescinded. Now there're new companies popping up even selling limos. They do have other non-motor segments but how much do they contribute to the final profit compared to car sales.

wis - Absolutely. I have the same apprehension. Whether there can be more than 300 Benz car sales every year.

This is where I get so annoyed with Sri Lankan reporting. They had a turnover of 20 billion and 15 billion of that came from the vehical segment. But it wouldn't kill them to tell us how much of that 15 Billion came from Mercedes and how much of it from Tata (Chrysler probably contributed 0.0).

I have reason to believe the actual number of Mercs sold are closer to 400. So assuming a 16 million average price per car, about 6 billion would have been from Mercedes. That would leave about 9 billion for Tata. The Tata portion might be sustainable.

27Motors sector - Page 2 Empty Re: Motors sector Wed Mar 09, 2011 6:58 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@glwking wrote:Monster is right. New investors like me should know which one your guys are discussing. Smile

Hope the discussion is useful to you now. I and other now mentioned what we think about the share.

28Motors sector - Page 2 Empty Re: Motors sector Wed Mar 09, 2011 7:15 am

anu

anu
Manager - Equity Analytics
Manager - Equity Analytics
@tubal wrote:
@anu wrote:
@wis wrote:Question is can they repeat that Mercedes et al. sale again? Rich people were in a hurry to buy them thinking the tax reduction will be rescinded. Now there're new companies popping up even selling limos. They do have other non-motor segments but how much do they contribute to the final profit compared to car sales.

wis - Absolutely. I have the same apprehension. Whether there can be more than 300 Benz car sales every year.

This is where I get so annoyed with Sri Lankan reporting. They had a turnover of 20 billion and 15 billion of that came from the vehical segment. But it wouldn't kill them to tell us how much of that 15 Billion came from Mercedes and how much of it from Tata (Chrysler probably contributed 0.0).

I have reason to believe the actual number of Mercs sold are closer to 400. So assuming a 16 million average price per car, about 6 billion would have been from Mercedes. That would leave about 9 billion for Tata. The Tata portion might be sustainable.

tubal - Rational calculation. The important thing is the profit margin. Hope the margin from Merc will be much higher than that of Tatas and other indian vehicles.

29Motors sector - Page 2 Empty Re: Motors sector Wed Mar 09, 2011 7:28 am

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@anu wrote:
@tubal wrote:
@anu wrote:
@wis wrote:Question is can they repeat that Mercedes et al. sale again? Rich people were in a hurry to buy them thinking the tax reduction will be rescinded. Now there're new companies popping up even selling limos. They do have other non-motor segments but how much do they contribute to the final profit compared to car sales.

wis - Absolutely. I have the same apprehension. Whether there can be more than 300 Benz car sales every year.

This is where I get so annoyed with Sri Lankan reporting. They had a turnover of 20 billion and 15 billion of that came from the vehical segment. But it wouldn't kill them to tell us how much of that 15 Billion came from Mercedes and how much of it from Tata (Chrysler probably contributed 0.0).

I have reason to believe the actual number of Mercs sold are closer to 400. So assuming a 16 million average price per car, about 6 billion would have been from Mercedes. That would leave about 9 billion for Tata. The Tata portion might be sustainable.

tubal - Rational calculation. The important thing is the profit margin. Hope the margin from Merc will be much higher than that of Tatas and other indian vehicles.

Oops but there is an arithmatic error :-) well actually a typing error. I meant to write 15 million per car but I see that I have written 16

30Motors sector - Page 2 Empty Re: Motors sector Wed Mar 09, 2011 12:53 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@tubal wrote:
@UKboy wrote:
@tubal wrote:In the motors sector, while most counters are trading above PE 20, there is one share that has a single digit PE. It's price as declined further due to the correction. Anyone know the reason for this?


i think some retailers are trying to sell this share which they bought for cheaper price in December and early January & this is purely because of the credit clearance. This is probably few shares they can sell with a profit.

Eventhough current price give me more than 12X return I wouldnt sell this share anytime soon.

Sri lankan people love all the brands of this company. Colombo 07 to Bintanne Smile

Woah! you must of bought this at the time when they did the share buy back

I bought these shares for Rs 120.00 each but just after I bought the shares it went down to Rs 90s & stagnated for sometimes.
Since then it kept rising steadily but had few hiccups around Rs 450 & Rs 850.

31Motors sector - Page 2 Empty Re: Motors sector Wed Mar 09, 2011 1:37 pm

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@UKboy wrote:

I bought these shares for Rs 120.00 each but just after I bought the shares it went down to Rs 90s & stagnated for sometimes.
Since then it kept rising steadily but had few hiccups around Rs 450 & Rs 850.

yep. i bought some when it was around 420 levels , and sadly i sold them at 450 Sad
and the very next week government announced Tax reduction on imported vehicles and........
rest is history Very Happy

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