[sharetrading] White peacock

 

White Peacock

 

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[sharetrading] FW: Great Offshore seems an attractive buy for long term

 

Great Offshore seems an attractive buy for long term 1 Mar 2010, 0535 hrs IST, Ram Krishna Kashelkar, ET Bureau
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Great Offshore (GOL) has come a full circle from getting demerged from GE Shipping in 2006 to getting acquired by Bharati Shipyard recently. The company's aggressive inorganic growth plans backfired in the past, but the organic growth continues at a healthy pace. With the valuations dipping to a low, investors can enter for long-term gains. Business Great Offshore came into existence through a demerger of GE Shipping's offshore division in October 2006 with 37 vessels. Today the number of vessels increased to 65 — the largest in Indian offshore support industry. The company's aggressive growth plans coupled with low promoter group holding heavily backfired when the stock market crashed in 2008. The promoters have pledged their holding to Bharti Shipyard and as such lost their control over the company to the latter. In 2007 when the markets were booming and the offshore industry was doing particularly well, GOL drafted aggressive growth plans in line with most other offshore players. It raised Rs 350 crore in October 2007 — Rs 150 crore by issuing convertible preference shares and Rs 200 crore through FCCBs — and went on to announce an acquisition in January 2008. Unfortunately, the equity markets took a plunge subsequently and the dynamics of the offshore industry also took a hit. GOL's attempts to keep the deal alive by curtailing the scope of its acquisition in June 2008, proved in vain. The company launched a share buyback scheme utilising Rs 55.2 crore in September 2008 and acquired two Andhra-based companies for Rs 160 crore. However during these activities, the promoters' stake continued to fall. At the time of its birth, GOL's promoters held 27.7% stake in the company, which dipped to 15.7% within just two years — by the end of 2008. Weak market sales and stepping down of promoters were the two main reasons behind this fall. Growth drivers The company is now settling down under the new management. GOL has added five vessels in FY10, including one floating dry dock. The company further has one jack-up rig and one multi-support vessel to be delivered by the end of 2011. All these assets will help bring in incremental revenues in the coming quarters. At the same time, the company secured a 50% jump in daily charter rates for its rig to ONGC at $69,000 recently. The global offshore E&P industry is coming back to normalcy with better prospects of economic growth. This will bring about a revival in the investment flow in the global E&P . The offshore E&P continues to grow unabated with a series of successful NELP rounds in India in the past decade. Under the new management, GOL got the approval for raising up to Rs 1,750 crore by issuing equity or bonds to augment its resources to provide for offering broad-spectrum services to customers.

 

 

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Crossley Rozario @ 6571

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Feed: The Economic Times
Posted on: Monday, March 01, 2010 3:06 AM
Author: The Economic Times
Subject: Great Offshore seems an attractive buy for long term

 

Great Offshore is settling down under the new management. Considering the better growth prospects of the company, it seems an attractive buy for long term.

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[sharetrading] HAPPY HOLI and a White Peacock

 

On the eve of a possible market recovery – sight this picture though a live one is difficult to be seen – FOR GOOD LUCK……………..

Abe

 

 

 

 

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[sharetrading] Fw: True Friends Make Us Cheerful

 

إعلانات                             لزيارة المجموعة البريدية

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[sharetrading] significant increase in steel prices

 

China Knowledge quoted an insider from a large Chinese steel company said there will be a significant increase in steel prices in the next few months as Chinese steel mills could see a surge of 70% or more in the prices of raw materials.

The insider said that China iron ore contract price talks with the world's leading suppliers have entered the final stage and that the suppliers have asked an increase of between 70% and 80% in the price of iron ore and an increase of between 80% and 100% in the price of coke.

According to statistics released by the General Administration of Customs earlier the average price of imported iron ore was USD 79.8 per tonne in 2009 down by 42%YoY and the value of imported iron ore was USD 50.51 billion in total last year.

The country imported 627.78 million tonnes of iron ore last year 41.6% more than the 443.45 million tonnes it imported in 2008 due to increasing demand for the mineral.

 

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[sharetrading] Beijing's foreign trade soars 83.9% in Jan

 

Beijing's foreign trade soars 83.9% in Jan

Mar. 1, 2010 (China Knowledge) - Beijing, the capital of China, realized total imports and exports of US$21.95 billion in January, up 83.9% from a year earlier, the official Xinhua News Agency reported.

According to Beijing Customs, the foreign trade volume in the city rebounded to the level before the global financial crisis, with exports reaching US$4.53 billion, up 19.9% year on year, and imports hitting US$17.42 billion, 110% more than a year earlier.

Beijing, whose foreign trade volume accounts for 10.7% of the total in the country, is now the fourth-largest region in China in terms of foreign trade volume.

The European Union is still the biggest trade partner of the city. Mobile phones and crude oil were the largest export and import items, respectively.

The city's total trade volume was US$214.76 billion last year, down 20.9% from a year earlier. The exports and imports were US$48.36 billion and US$166.4 billion, respectively.

 

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Bonus Issues, Stock Splits, Rights Issues, IPO Updates: Buy Recommendation - Elgi Equipments

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• Buy Recommendation - Elgi Equipments
• Buy Recommendation - IndusInd Bank
• Buy Recommendation - Piramal Healthcare
• Who is qualified institutional buyer (QIBs)?

Buy Recommendation - Elgi Equipments Posted: 28 Feb 2010 04:05 PM PST The NEW password to see buy calls posted after 27-Feb-2010: STOCKMARKETINDIA. The NEW password to see buy calls posted after 27-Feb-2010: STOCKMARKETINDIA. Revival in capex in the domestic market, manufacturing /trading presence in high potential developing markets such as China and Brazil and a strong cash position that allows scouting for acquisitions in new markets are factors that favour earnings growth for the company over the medium [...] Read More...

Buy Recommendation - IndusInd Bank Posted: 28 Feb 2010 04:01 PM PST The NEW password to see buy calls posted after 27-Feb-2010: STOCKMARKETINDIA. The NEW password to see buy calls posted after 27-Feb-2010: STOCKMARKETINDIA. One of the turnaround stories in the banking industry, IndusInd Bank continues to be a good investment opportunity for investors with a penchant for risk. The return on equity (ROE) of the bank is expected to be improved from 10 per cent in 2008-09 to [...] Read More...

Buy Recommendation - Piramal Healthcare Posted: 28 Feb 2010 03:58 PM PST The NEW password to see buy calls posted after 27-Feb-2010: STOCKMARKETINDIA. The NEW password to see buy calls posted after 27-Feb-2010: STOCKMARKETINDIA. Investors with a long-term perspective can consider accumulating the stock of Piramal Healthcare, company with a strong presence in the domestic pharmaceutical market, established relationships with several global pharma majors, and its firming hold over the high-margin inhalation anesthetics space. Valuations too appear reasonable. At [...] Read More...

Who is qualified institutional buyer (QIBs)? Posted: 27 Feb 2010 08:55 PM PST The NEW password to see buy calls posted after 27-Feb-2010: STOCKMARKETINDIA. The NEW password to see buy calls posted after 27-Feb-2010: STOCKMARKETINDIA. QIBs are those institutional investors who are perceived to possess expertise and the financial strength to evaluate and invest in the capital markets. A QIB is defined as - a. Public financial institution as defined in section 4A of The Companies Act, 1956; b. Scheduled commercial banks; c. [...] Read More...

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