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Rajesh Exports
Ready for acquisiton worth 3-4 bln rs
Posted by :
supergeekTracked by: 0 Boarder
i think u r right buddy. i hate those companies who sit on cashpiles and become eternally conservative. it is a common knowledge market does not give any value to cash on the balance sheet. markets reward those companies who move up the value chain. moreover, in jewellery market companies have exotic brandname. shubh and labh is poor branding. it is also surprising that companies which supplies lot of jewellery as bulk in gulf countries has not thought of setting up its own branded outlet? in my belief, companies still suffer from vendor mindset. cash is poorly respected. i think companies should learn from indiabulls, anil ambani......
In reply to:
Ready for acquisiton worth 3-4 bln rs
Posted by :
aak20
There are lot of news items but less actions. Last year company collected ~1000 crorer for international acquition, however afterwards there is no news about the same. Company acquired Oyzterbay 2 years back. There was news that the company will be modified as upmarket chain and will be present in malls. So far no news on the same. Company talked about real estate development in a big way but no development. Company said that it will have pan India presence in retail segment. But Laabh Jewellers shops are smaller than local jeweller shops even in city like Pune. One really does not know what sort of revenus is generated from this. Company had planned commercial ads for retail foray but no advertisement so far.
In contrast Gitanjali Gems look to be moving fast forward with international collaborations, take overs and retail jewellary initiative. Company is developing several SEZs and looks better mover than Rajesh Exports.
May be I am sounding a bit negative, but the developments show the same. I hope Rajsh Exports delivers the promises. Any views? 
Ready for acquisiton worth 3-4 bln rs
Posted by : aak20Tracked by: 0 Boarder
There are lot of news items but less actions. Last year company collected ~1000 crorer for international acquition, however afterwards there is no news about the same. Company acquired Oyzterbay 2 years back. There was news that the company will be modified as upmarket chain and will be present in malls. So far no news on the same. Company talked about real estate development in a big way but no development. Company said that it will have pan India presence in retail segment. But Laabh Jewellers shops are smaller than local jeweller shops even in city like Pune. One really does not know what sort of revenus is generated from this. Company had planned commercial ads for retail foray but no advertisement so far.
In contrast Gitanjali Gems look to be moving fast forward with international collaborations, take overs and retail jewellary initiative. Company is developing several SEZs and looks better mover than Rajesh Exports.
May be I am sounding a bit negative, but the developments show the same. I hope Rajsh Exports delivers the promises. Any views?...
In reply to:
Ready for acquisiton worth 3-4 bln rs
Posted by :
emkay_stocks
folks, I am glad something like this had happened to give fillip to rajesh exports. so we can expect some big movement in the stock price when market absorbs this announcement esp after the fact that lot of mutual funds have exited rajesh exports in july. hope they will re-enter and i wish they re-enter at higher prices and regret having exited the stock completely. good luck.
just buy it
Posted by : ksn123Tracked by: 2 Boarders
there is a insider news that a majority of stake sale can happen or deal will be done in next 1 month this stock will give u 65% return on ur money invested .so just buy it and also it will gain 25% next week .just buy it........................
Ready for acquisiton worth 3-4 bln rs
Posted by : emkay_stocksTracked by: 0 Boarder
folks, I am glad something like this had happened to give fillip to rajesh exports. so we can expect some big movement in the stock price when market absorbs this announcement esp after the fact that lot of mutual funds have exited rajesh exports in july. hope they will re-enter and i wish they re-enter at higher prices and regret having exited the stock completely. good luck....
In reply to:
Ready for acquisiton worth 3-4 bln rs
Posted by : devender.rv
MUMBAI (Reuters) - Rajesh Exports Ltd expects to finalise buyout of gold mines in the next 3-4 months, its chairman Rajesh Mehta told television channel NDTV Profit on Thursday.
The company is in talks for acquisition of gold mines and refineries in Australia, he said.
The acquisition could be in the range of 3-4 billion rupees and will be funded by internal accruals, Mehta added.
Ready for acquisiton worth 3-4 bln rs
Posted by : devender.rvTracked by: 0 Boarder
MUMBAI (Reuters) - Rajesh Exports Ltd expects to finalise buyout of gold mines in the next 3-4 months, its chairman Rajesh Mehta told television channel NDTV Profit on Thursday.
The company is in talks for acquisition of gold mines and refineries in Australia, he said.
The acquisition could be in the range of 3-4 billion rupees and will be funded by internal accruals, Mehta added.
...
Tracked by: 0 Boarder
Buy NIRAJ CEMENTS
Issue price R 190, C.M.P Rs.54 buy and hold one year target Rs.660
INFORMATION
GVK & IL&FS are discussing the option of buying out the promoters in Niraj .. confirmed news. Stock to zoom to 790+ levels.. where IL&FS and GVK will award major projects to Niraj under the scheme while the management control will stay with the present promoters for 18 months..
GVK will eventually sell of its stake to IL&FS in 36 months at 950/ share....
Tracked by: 2 Boarders
extremely sorry, please accept my apologies, the message was posted wrongly and it was meant for another gr8 stock, sejal architectural glass!...
In reply to:
ST 65
Posted by : aak20
Business of float glass is totally different. THere are no official reports on this. What is the source of your news? I think this is out of focus for Rajesh Exports.
Tracked by: 2 Boarders
Business of float glass is totally different. THere are no official reports on this. What is the source of your news? I think this is out of focus for Rajesh Exports....
In reply to:
ST 65
Posted by : pints!
as mentioned b4, the company is coming up with a float glass plant in gujarat, and is catering to dlf, unitech, gov of india, defence, etc.,.....
Abu Dhabi gold jewellery sales soar inAug
Posted by : My MultibaggersTracked by: 0 Boarder
Source: Reuters
Sep 2 2008 12:27AM
DUBAI (Reuters) - Gold jewellery sales in Abu Dhabi soared 300 percent in volume and almost 250 percent in value in August from a year earlier after the metal dropped to nine-month lows, the emirate's industry group said on Monday.
"It was the best month the market has seen in almost 30 years and it compensated for any drops we have seen earlier this year," Abu Dhabi Gold and Jewellery Group Chairman Tushar Patni told Reuters.
"We had never expected that if gold fell below $800 an ounce we would see a 300 percent increase in volume and 250 percent in value, especially as many buyers are abroad on holiday."
The Gulf Arab emirate's gold demand was steady in July, as many buyers, mainly from the Indian subcontinent, headed home for the summer holidays.
Gold dropped to a nine-month low of about $773 an ounce in mid-August before bouncing back, but it still has been trading far below its all-time high of $1,030.80 an ounce, hit in March.
The precious metal was trading around $827 an ounce in Europe on Monday.
"Many people took advantage of lower gold prices to buy all the jewellery they wanted for Ramadan and the Eid or because they want to keep it until prices rise again to make profit," Patni said.
The lunar month of Ramadan, which this year coincides with September, is a time when devout Muslims refrain from all food, drink and sex during daylight hours. It ends with the Eid, or feast, during which many couples marry.
"Many Indian buyers followed the same logic and bought gold for Diwali in August," Patni said.
Hindu weddings normally are held between September and November, and Diwali, the important Hindu festival of lights, is in October.
Tax-free jewellery shopping in the United Arab Emirates -- a seven-member federation that includes Abu Dhabi and Dubai, known as the "City of Gold" -- lures many Gulf and Western tourists.
Demand in the Gulf Arab country fell 10.7 percent to 26.6 tonnes in the second quarter of 2008, the industry-funded World Gold Council said last month.
...
Tracked by: 2 Boarders
as mentioned b4, the company is coming up with a float glass plant in gujarat, and is catering to dlf, unitech, gov of india, defence, etc.,........
In reply to:
ST 65
Posted by : hydblues
What are the future prospects of the company - the stock is on a downward trend for the last few months - it's come down from 150 levels in jan to less than 50 levels now
ST 65
Posted by : devender.rvTracked by: 2 Boarders
Wht ever be d discussion( regarding middle east and USA), Wht I am saying is down side is veru much limited in this STK ( ie Around 46 levels) next support is at 37. But dont expect this stk to go to those levels of 37 by considering its valuations and land bank and current order flow from ME)
Levels to watch out in near term Down side - 46 and 37
But on the upside which I hope will resume in near term levels to watch out for 46 , 58 , 66,72 and 78.
Remember one thing down side is capped at 46. So guys accumulate this GEM stk at around 46-50 levels. And make sure profit.
Good luk!!!...
In reply to:
ST 65
Posted by : pints!
sir,
if i am not mistaken the exports to the middle east are also re-routed to the USA. Anyways i agree with you that it is a grat script..........am accumulating it....so should ppl with a hunger for good stocks at cheap valuations!
Tracked by: 2 Boarders
Have u seen its annual report for the f.y 2007-08. Income Tax Deptt. has already raised demand of more than Rs.100 crores for the past 2-3 years for which comapany is confident of winning the cases.
Can co. tell us on which basis income tax deptt has raised the demand whereas it is an export co & its income supposedely should be tax free. Moreover see their MCX trading losses of Rs. 143 Crores for the year 2007-08. What the hell they are doing. They treat interest earned on fixed deposits as their operatuional income which in my view is incorrect. There are also lot of problem area in their annual report & because of all these reasons it has been hammered out of shape. See Gitanjali it is still commanding P.Eof 14 as compared to 6 P.E multiple of Rajesh exports.
...
In reply to:
ST 65
Posted by : pints!
sir,
if i am not mistaken the exports to the middle east are also re-routed to the USA. Anyways i agree with you that it is a grat script..........am accumulating it....so should ppl with a hunger for good stocks at cheap valuations!
Tracked by: 2 Boarders
sir,
if i am not mistaken the exports to the middle east are also re-routed to the USA. Anyways i agree with you that it is a grat script..........am accumulating it....so should ppl with a hunger for good stocks at cheap valuations!...
In reply to:
ST 65
Posted by : emkay_stocks
folks, as pointed by the fellow boarder pints, the major market for rajesh exports is not usa and it is middle east. they more that double business in the middle east than what they do with usa. hence middle east is their major thrust and that business is roaring as they have received orders close to 1000 cr already in this calender year. its a mega multibagger for very long term and is a great stock to own at this levels. go get it. good luck
ST 65
Posted by : emkay_stocksTracked by: 2 Boarders
folks, as pointed by the fellow boarder pints, the major market for rajesh exports is not usa and it is middle east. they more that double business in the middle east than what they do with usa. hence middle east is their major thrust and that business is roaring as they have received orders close to 1000 cr already in this calender year. its a mega multibagger for very long term and is a great stock to own at this levels. go get it. good luck...
In reply to:
ST 65
Posted by : pints!
man, point out one guy who deals in this market and does not wanna be a warren buffet! But as u rightly pointed out, its about identifying and getting invested at the right time. Rajesh exports is truly available at a throw away price, its a buy at every dip.
but bear in mind that the gestation period could be pretty long as the stock will not respond till USA stabilizes, as the major market for rajesh exports is the USA! have patience and get rewarded immensely!
One more stock for the longterm patience players, SEJAL GLASS!
Tracked by: 2 Boarders
man, point out one guy who deals in this market and does not wanna be a warren buffet! But as u rightly pointed out, its about identifying and getting invested at the right time. Rajesh exports is truly available at a throw away price, its a buy at every dip.
but bear in mind that the gestation period could be pretty long as the stock will not respond till USA stabilizes, as the major market for rajesh exports is the USA! have patience and get rewarded immensely!
One more stock for the longterm patience players, SEJAL GLASS!...
In reply to:
ST 65
Posted by : supergeek
that\\\\`s true ..this stock gives u an ample opportunity what warren buffet always talks about. buffet always says he picks up great stocks when they are throw @dime by the imperfect market. he picks those great business and keep them for very very long time. accumulate this one ..and be a warren buffet for once atleast. do not say that you did not get chance and people did not remind you guys...
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