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Sunday, April 29, 2007

$$ DreamGains !! $$ Hidden Gems By Ashish Chugh - 30th Apr 2007

April 30, 2007

Jaypee Hotels Ltd.

CMP - Rs. 61 NSE Symbol - JAYPEEHOT BSE Code - 590027

Emaar MGF buys two Hotel Sites at Jasola, New Delhi for Rs. 388 crores

Parsavnath buys Hotel Plot in Dwarka for Rs.450 crores.

Hotel Leela pays Rs.611 crores for Hotel Plot in South Delhi

These are some of the recent land transactions for building Five Star Hotels which have taken place in Delhi.

The buyers of these hotel properties will spend couple of hundred crores for construction of these hotels - then the construction time and the gestation periods.

These companies expect to make these projects viable - with their eyes on 2010 Commonwealth games, most companies see good future prospects and potential for the sector resulting in companies madly scrambling for hotel sites in the NCR. Moreover, the tax sops given to the new hotels coming up in the NCR in the recent budget is a big positive for companies constructing new hotels in Delhi.

Against this backdrop, take a look at Jaypee Hotels.

Jaypee Hotels owns three Five Star Deluxe Hotels - two located in Delhi and the third one in Agra. Besides, the company also manages the operations of Jaypee Residency Manor at Mussourie and Jaypee Green Resort Greater Noida and earns management fee.

Jaypee Siddharth - Jaypee Siddharth located at Pusa Road is at a stone's throw distance from Karol Bagh and is located very close to Connaught Place. The hotels was built in 1981 and was the first venture of the Jaypee group in the hospitality sector. Jaypee Siddharth is a 100 room Hotel. The hotel has just undergone major renovation.

Jaypee Vasant Continental - Jaypee Vasant Continental is a 120 room five star hotel located at Vasant Vihar in South Delhi. The hotel has well appointed rooms including Club Rooms and Suites with all modern amenities. The hotel is strategically located - it is located in one of the most upmarket areas of Delhi, is not far from the domestic and International Airports, is close to Diplomatic Enclave and also not far from the commercial hubs like Connaught Place. It is infact located somewhere midway between Connaught Place and the Airport.

Jaypee Palace, Agra - Jaypee Palace, Agra is located at Fatehabad Road in Agra and is built on an area of over 25 acre. The hotel designed by Mr. Ramesh Khosla, the winner of the prestigious Aha Khan Award, is one of the finest properties in Agra. The hotel has 350 well appointed rooms including 12 Suites and 40 Executive rooms.

Jaypee Vasant Continental was renovated about a year and a half back, Jaypee Siddharth has just been reopened after renovations. The company has added Presidential Suites for the stay of distinguished dignitaries and diplomats to the hotel at Agra.

At the current market price of the stock of Jaypee Hotels, the market cap of the company is Rs.340 crores. After taking into account its term loans of Rs.46 crores, the enterprise value comes to just around Rs.386 crores. Given the rates at which the recent deals for Hotel sites has taken place, the above valuation would not even cover the value of Vasant Vihar and Pusa Road plots on which the two Delhi hotels are built.

Besides, the company manages Jaypee Residency Manor at Mussourie, which is owned by Jaiprakash Associates Ltd. on a management contract basis

Financials

The latest financials of the company are given as under :-

QUARTERLY - LATEST RESULTS - Jaypee Hotels Ltd (Curr: Rs in Cr.)

             

Particulars

Quarter Ended

(Mar 07)

Quarter Ended

(Mar 06)

Quarter Ended

(% Var)

Year Ended

(Mar 07) (12)

Year Ended

(Mar 06) (12)

Year Ended

(%Var)

Sales

39.71

33.96

16.9

128.04

124.74

2.6

Other Income

0.26

10.19

-97.4

2.76

17.35

-84.1

PBIDT

12

22.23

-46

35.37

52.56

-32.7

Interest

0.88

1.1

-20

3.91

5.02

-22.1

PBDT

11.12

21.13

-47.4

31.46

47.54

-33.8

Depreciation

2.52

2.24

12.5

9.91

9.35

6

PBT

8.6

18.89

-54.5

21.55

38.19

-43.6

Tax

2.7

4.73

-42.9

8.23

6.56

25.5

Deferred Tax

0.53

-0.2

LP

-0.36

4.69

PL

PAT

5.37

14.36

-62.6

13.68

26.94

-49.2

             

Latest Data As On 27/04/2007

 

Latest Equity(Subscribed)

55.49

Latest Reserve

81.26

Latest Bookvalue -Unit Curr.

24.64

Latest EPS -Unit Curr.

2.47

Latest Market Price -Unit Curr.

61.5

Latest P/E Ratio

24.9

52 Week High -Unit Curr.

107.95

52 Week High-Date

5/10/2006

52 Week Low -Unit Curr.

55.2

52 Week Low-Date

3/28/2007

Market Capitalisation

341.26

Stock Exchange

BSE

Dividend Yield -%

2.93

The stock price chart is given below :-

Conclusion

Jaypee Hotels is well positioned to capitalize on the expected boom in the sector, higher occupancy rates and rising room tariffs.

Jaypee Hotels has a unique strategic advantage - with two hotels in Delhi, the company is well positioned to capture the demand explosion which is expected to happen for hotels in Delhi during the 2010 Commonwealth Games in Delhi and at the same time, no foreigner visiting India would like to go back without visiting Taj Mahal, one of the seven wonders of the world - which would give a big fillip to their Agra Hotel.

Hotels rooms are in short supply in Delhi which has led to a substantial increase in room tariffs. We believe at the current valuations, the stock looks grossly undervalued and the current valuations donot factor in the high growth prospects for Jaypee Hotels.

With very little potential downside, the stocks looks to be a clear outperformer over medium to long term.

__._,_.___
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$$ DreamGains !! $$ Take Care Of Ur Health

Ladies & Gents, Friends and colleagues and all.

Thought would share this with you all

Take care
 
 
 
Dear All,
       Pls be cautious about your health.  
 
 
This is a mail from the person working with   a   Software Company
Dear colleagues, I am working in Blore Software City ..
I wanted to share an incident of my life with you, hoping that it may be an eye opener to you so that you can live more years.

On 27 th October afternoon I had severe heart attack symptom and I was rushed to the hospital.

After reaching to the hospital the doctors prescribed a test called angiogram. This test is basically to identify blood flow of heart arteries. When they finished the test they found a 94% block in the main artery, please see the image below with red circle.

 
 
At this point I wanted to share my living style which has caused this block in my heart arteries. Please see the below points of my life style, if any of these points are part of your life style then you are at risk, please change yourselves.

1.         I was not doing any physical exercise for more than 10 years, not even walking 30 minutes a day for years.
2.         My food timings are 11:00 AM Breakfast or no Breakfast, 3:00 PM to 4:00 PM Lunch and dinner at 11:00 PM to 12:00 AM.  
3.         Sleeping in very odd timings, going to bed between 12:00 AM and 3:00 AM. Waking up at between 9:00 AM and 10:30 AM .. Some times spending sleepless nights.
4.         I used to eat heavily because of long gaps between lunch and dinner and I used to make sure that Non-Veg is available most of the time, there were times when I did survey on city hotels to find delicious Non-Veg dishes. I was never interested in vegetable and healthier food.
5.         Above all I was chain smoker form years.
6.         My father passed away due to heart problems, and the doctors say the heart problems are usually genetic.

Once they identified the major block they have done immediately a procedure called angioplasty along with 2 Stents, mean they will insert a foreign body into the heart arteries and open the blocked area of arteries. Please see the below image after the procedure.


 
I learnt form the doctors that 60% people will die before reaching the hospital, 20% people will die in the process of recovering form heart attack and only 20% will survive. In my case I was very lucky to be part of the last 20%.

Doctors instructions:

1.         Need to have physical exercise for minimum of 45 minutes daily.

2.        
Eat your food at perfect timings, like how you eat during your school days. Eat in small quantities more times and have lot of vegetables and boiled food, try to avoid fry items and oily food. Fish is good than other non-vegetarian food.
3.         Sleep for 8 hours a day, this count
should complete before sun rising .
4.         Stop smoking.

5.         Genetic problems, we can not avoid but we can get away from it by having regular checkups.

6.         Find a way to get relived from the stress (Yoga, Meditation etc).


So I urge you all to please avoid getting into this situation, it is in your hands to turn the situation up side down, by just planning / changing your life style, by following simple  points above. Because life is wealth and GOD gives you life only once. I pray to GOD that no one should face this situation. If you find it's useful you can forward this mail to your friends and lovedones... ..

__._,_.___
Regards

BigGains !!
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$$ DreamGains !! $$ 10Paisa.Com & MidCaps.In

Newsletter date 29/04/2007 (10paisa.com)
 
S.No.
Scrips
BSE Code
Recommended Rate
Target Rate
Analysis Report
3 years price data
Company's website
1.
Supreme Petrochem
500405
20.50
26.00
2.
Andhra Cements
532141
22.20
28.00
3.
Chowgule Steamships
501833
25.65

33.00

4.
Southern Iron
530491
27.10

34.00

5.
Jai Parabolic
520071
28.70

36.00

 

Target rates are expected in three months frame of time, but we recommend you that whenever any scrip touches its target rate, you must dispose of all shares or in parts(If you have invested in that scrip),so that you may be able to invest those funds in other scrips recommended in further newsletters.

Newsletter dated 29/04/2007 (midcaps.in)
 
S.No.
Scrips
BSE Code
Recommended Rate
Target Rate
Analysis Report
3 years price data
Company's website
1.
Ajanta Pharma
532331
73.80
93.00
2.
Kakatiya Cements
500234
83.70
105.00
3.
RSWM Ltd.
500350
93.15

117.00

4.
Kale Consultants
532268
97.20

122.00

5.
AVT Natural
519105

98.70

124.00

 

Target rates are expected in three months frame of time, but we recommend you that whenever any scrip touches its target rate, you must dispose of all shares or in parts(If you have invested in that scrip),so that you may be able to invest those funds in other scrips recommended in further newsletters.

1. FORTHCOMING I.P.O.'s :-

S.No.
Scrips
Offer Price
Opening Date
Closing Date
Rating
1.
MIC Electronics
129-150
30/04/2007
08/05/2007
*

Rating :- *** Very Good ** Good * Normal

2. SECTORS TO WATCH :-

  • Cement
  • Information & Technology
  • Oil & Gas

3. STOCK IN FUTURES :-

S.No.
Scrips
BSE Code
Recommended Rate
Target Rate
Stop Loss
Analysis Report
3 years price data
Company's website
1.
-------
-------
-------
-------
-------

-------

-------
-------

NOTE :- Due to highly volatile market, we are not recommending stock in FUTURES this week.


4. MULTIBAGGER :-

S.No.
Company Name
BSE Code
Recommended Rate
Target Rate
(One Year)
Analysis Report
3 years price data
Company's website
1.
HCL Infosystems (FV Rs.2)
500179
145.35
230.00



5. LAST WEEK'S NEWS :-   

20/04/2007
Banswara Syntex purchases land near Banswara

Banswara Syntex has purchased 17,762 sq mt of land in Banswara near to its existing unit BFL.This land is proposed to be utilized for further expansions and additional utilities required for the existing production activities.

23/04/2007
Alok Industries Limited

Alok Industries Limited has informed the Exchange that: 'We have entered into Trademark License Agreement with PEACOCK ALLEY, INC, a Texas Corporation located in USA vide which the Company has been granted exclusive, limited license to use trade marks of Peacock Alley Inc. to manufacture, produce, and sell their Licensed Products in India. Peacock Alley is amongst the leading brands for bed linen in the USA'.

24/04/2007
GV Films board approves JV plans

On 23 April 2007, GV Films' board considered the proposal for joint venture (JV) with Shanghai Film Group Corporation and Growth Global, U.K.The above JV is formed to develop the concept of GV Studio City at China. This city would include facilities like multiplex, shopping malls, hotels and entertainment parks.Further, the board also discussed the proposal to acquire 8000 Hollywood movie rights at a negotiated price of $ 43.56 million.

25/04/2007
Kavveri Telecom acquires Canadian firm DCI Digital Communication

Kavveri Telecom Products has acquired DCI Digital Communications, Canada, through its Canadian subsidiaryKavveri Technologies, Canada.DCI Digital Communications is specialized in radio frequency interference products and offer custom solutions to reduce interference problems in the 30 MHz to 6 GHz range.This acquisition helps the company in expanding its operation in the North American Region for marketing of high quality radio frequency products.

25/04/2007
SpiceJet to acquire 10 new Boeings

Delhi-based low-cost carrier SpiceJet gearing up to go global in 2010. The current policy is to allow domestic airlines to fly abroad provided it has completed five years of domestic operations.SpiceJet on Tuesday placed additional orders for 10 new Boeing 737-800/900 ER aircraft at a list price of $700 million. The 10 new aircraft will enter the fleet between 2009 and 2011, taking the total fleet size to 35. SpiceJet had earlier placed orders for 20 aircraft, whose delivery would be completed by October 2008.Analysts tracking the company said the airline is keen to fly to neighbouring destinations in South East Asia and the Gulf. When contacted Siddhant Sharma, CEO, SpiceJet, refused to comment on the carrier's international ambitions. SpiceJet would pay $10 million upfront for fresh orders, while the remaining would be financed by raising debt and through sale-and-lease buyback of aircraft.Domestic carriers have been lobbying with the government for relaxing the five-year moratorium for flying abroad and bringing it down to three years. They have been arguing for a level-playing field for domestic players on this issue.Many start-up international carriers are flying into India while Indian carriers are barred from flying out. Carries such as Air Deccan and Kingfisher Airlines are planning to fly from international destinations into the country, if the government does not relent.Air Deccan's parent company, Deccan Aviation, has entered into a joint venture with a Sri Lankan company to fly from the Island nation to several destinations into India. Kingfisher Airlines is currently working on getting approvals from the US authorities for direct flights between San Fransisco and Bangalore by middle of next year.If government relaxes the norms, airline analysts expect Indian low cost carriers to connect major Indian cities to destinations in South East Asia. All this comes at a time when Malaysia-based low cost carrier Air Asia is gearing up to launch long-haul flights between Asia, Europe and the United States. Plans include connecting several Indian cities into the long-haul sector.

26/04/2007
Centurion Bank of Punjab acquires 25% stake

Centurion Bank of Punjab has acquired 25% stake in Centurion Executorship, Trusteeship, Real Estate Management and Advisory Services (CERMA).CERMA will offer estate planning services, escrow & custodial service and real estate management and advisory services.

26/04/2007
Garnet Construction Ltd.

Garnet Construction Ltd has informed BSE about the following: The Company is planning to enter into a 50:50 joint venture (JV) with the Dubai-based Sternon Group to develop properties in Europe - with a prime focus on Sweden, and Mauritius, off the African coast. Under the JV, it will develop properties and Sternon Group, which has offices in Dubai, UK, USA and India, will market the projects globally. Initially, both the Companies are planning to invest $ 5 million each and scale up investment according to project requirements. The Company is exploring various funding options for the JV including overseas listing of a wholly-owned subsidiary to be set up for the purpose. The Company recently bought land (over 400 acres) at Khopoli, near Panvel to develop a mega residential township. It is developing the entire township project-apartments, row houses, independent bungalows, malls, Information Technology centre and also educational facilities-over there. The ?Magic Hills? residential project offers plots, row houses and bungalows. 'We expect the Khopoli project to commission during this fiscal, which will also start contributing to the Company's bottomline,' added Mr. Kedia. The project is valued at Rs 1,200 crore with the residential portion (250 acres) accounting for Rs 900 crore.

26/04/2007
Hotel Leelaventure acquires land in Delhi

Hotel Leelaventure had acquired the plot of land admeasuring 3 acres which was put to bid by National Buildings Construction Corporation for Rs 611 crore. The freehold plot is strategically located on Vinay Marg / Africa Avenue, Delhi.

26/04/2007
IDFC plans to raise $ 500 million

Infrastructure Development Finance Company's board has approved a plan to raise capital through issue of equity or quasi-equity instruments upto $ 500 million.Further, approved the increase in FII shareholding limit in the company from 49% to 74%, and recommended payment of dividend for the financial year ended 31 March 2007 at the rate of 10%, ie, Re 1 per equity share.

27/04/2007
Balrampur Chini Mills commissions sugar plant at Kumbhli in UP

Balrampur Chini Mills' sugar plant situated at Kumbhi, UP, having capacity of 8000 TCD was fully commissioned on 27 April 2007.

27/04/2007
Berger Paints, Nippon Bee Chemicals of Japan form joint venture company

Berger Paints India has entered into a joint venture agreement with Nippon Bee Chemical of Japan for the purpose of formation of a company for manufacture and sales of coatings for plastic substrates used in automobiles and parts thereof in India.

27/04/2007
Shetron starts production of lug caps and closures

Shetron and Denmark-based Metropak A/S' 50:50 joint venture company, Shetron Metropak, has started commercial production of lug caps and closures for the food industry on 24 April 2007.The joint venture company is a part of Shetron's endeavour to focus on the fast growing agro-food packaging sector in the country.

 

6. MUTUAL FUND'S SCHEME :-

S.No.
Scheme
NAV
Details
1.
Magnum BlueChip Fund (G)
11.54

__._,_.___
Regards

BigGains !!
Recent Activity
Visit Your Group
SPONSORED LINKS
Best Company

Best place to work

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advice & more.

Ads on Yahoo!

Learn more now.

Reach customers

searching for you.

.

__,_._,___