Ravi
These are classic reports meticulously crafted and articulately circulated by smart intelligent interested parties
This is not to cast aspersions on Concurrent or Sudhir babu
Let us not get carried away with somebody`s power of convincing
1) If you have any Builder friend , ask him if a debt free infra co. is imaginable and practical
2) Money is made and empires built using brain power and not by slogging alone
3) Manipulator/
Sm
--- In sharetrading@
>
> Will somebody throw light on the below mentioned report?
>
> Ravi Deshpande
>
>
> Scripscan:Concurren
> Code:531261
> cmp:19
> Target:100
> Percentage:500%
> Duration:2-3 years
>
> Concurrent India Infrastructure Ltd is the new name of Kushagra Software
> (BSE Code 531261). As Kushagra, the company's performance was poor and
> there is hardly anything worth mentioning about it. It used to trade in
> software with about 50 crore annual turnover, with negligible profit.
> The Rs.10/- paid scrip used to quote in Rs. 4 to 5 range.The name change
> occurred in April 2009. Subsequent to that, a private limited company
> named Concurrent Infrastructure Pvt Ltd. owned by Mr. Sudhir K Babu was
> merged with it, as per BSE announcement dated 07 Sept, 09.This merger
> has brought into company's fold huge order book of infrastructural
> projects of Concurrent Infrastructure Pvt Ltd.
>
> K.Sudhir babu:Mr. Koneru Sudhir Babu is the Chairman and Managing
> Director of the company and has over 15 years of experience in Real
> Estate, Property and Infrastructure Design and Development. He is a
> technocrat and holds a degree in Mechanical Engineering from the Mysore
> University.
>
> Sudhir is young guy of early 40s,dynamic, vision-orientated, focused and
> a commited entrepreneur with capability to handle several business
> verticals concurrently.
> Heights with his Associates, a multi faceted complex & Land Mark
> building of 1.30 lakhs sq ft at Kushalguda, ECIL Cross Roads,
> Hyderabad.Over the years he has held several important positions in
> various companies, including:-
> 1) Partner in Navbharati Transports and handled the project as Nako
> representing for BHEL as Material handling contractor.
> 2) VTPS Stage IV as Material handling contractor
> 3) Business Partner for Siemens Business Communication and Motorola for
> Andhra Pradesh region.
> He is the man who revolutionized video conferencing in Andhra Pradesh.A
> father of 2 who knows only how to work and bag orders.The guy begins his
> day at 5 in the morning,jogs with the 'MLAs and DGPs" who also are the
> shareholders and ends the day(the next day rather) at 12.30
> midnight.There has been numerous occasions when at around 11.45 in the
> night am behind the blankets and I get a call from sudhir who is
> travelling all by himeself in a car from vijaywada to hyderbad to get
> the deal done.Thats commitment for me guys and thats sudhir the dynamic
> fellow for you.He is the youngest in his family,got divided to start his
> own company having just 241 bucks in his pocket.In a short span look at
> where he reached,look at his connections.
> srilanka is easy?The international investors now perceive Sri Lanka as
> next investment destination after just concluded thirty years of civil
> war. This is another feat which Sudhir and his company has
> achieved,which no other company in India has so far achieved.An expert
> in converting waste to power he is all set to generate power at cost of
> re 1 and sell the same at around 4.He acquires company spending zero
> bucks,be it kazi airways or kushagra software.Airport logistic hub in
> India ever heard of that guys?This guy has already acquired cream land
> of 25crs at hyderbad(The land owners are also the shareholders,
> been alloted shares at price of 15) and work has started on full
> fledge.I can go on and on praising the guy but still they would come
> inferior to the quality and merit of this guy.
>
> Though the company is primarily in the infrastructure sector, it has
> positioned itself in Logistics as well as Power sectors which are a
> fancy of the investors.The company is in process of doing preliminary
> planning and financial closure towards setting up and owning a 520
> Megawatt power plant in Andra Pradesh, which would add to the investor
> fancy in years to come.The diverse portfolios of the company's
> businesses are bound to be restructured, in due course, into subsidiary
> companies, which may be listed entities with equity participation of
> FIIs and institutional investors. This would further add to the
> company's market capitalization.
>
> 1)Their sales was 56cr in 08-09,would be 65-70crs in 09-10,200crs in
> fy10-11,350crs in fy11-12 and above 500crs for the next fiscal.The NPM
> would varry in the range of 8-20% for their verticals.So 10%-12% npm we
> can expect on an average which would transalate into an EPS of 11.5-14
> for 2012-13.Now since stock market is a place which discounts future it
> should quote at 3 figures in 2011-12 taking forward PE of 9-7
> conservatively.
>
> 2)There are further few things which if understood can give a world of
> confidence and conviction in the counter.Like they are doing the
> preferential stuff to the same guys who were the land owners for that
> 25acre land.Those guys would never sell the shares of the company until
> they get a minimium price of 100bucks.Now the land value comes superior
> to the present market cap of the company.
>
> 3)Order execution the main threat is actually not a problem here as the
> company plans to pass the orders to other vendors for executing their
> projects.Its like you bag your contracts through your rich contacts,
> charge a decent enuf margin and pass the same to other vendors at half
> the margin of that.Sudhir is a very influential and visionary guy with
> huge powerful contacts.This guy works from morning 5 to 12.30 at
> night.To make the board stronger he is making great influential guys
> joining the board.
>
> 4)You may notice concurrent being in the bulk deals for huge selling
> from a particular company named ABSOLUTE LEASING & FINANCE PVT LTD.Its a
> company of MR G.K.Agarwal who was the erstwhile owner of kushagra,he was
> told to exit the company and thus he offloaded all his 15 lakh odd
> shares in the market.Weaker hands gone out and I and my group bought the
> most of his quantity.
>
> 5)Concurrent has recently acquired kazi aviation and bagged orders from
> riyadh airport for handling and maintaince(A JV with the prince of
> Dubai).This high margin vertical would contribute 150crs topline in the
> coming few years.
>
> 6)Kushagra operations are nearly stopped,Concurrent has sold off
> kushagra assets and investments to cancell off the 80crs debt.It should
> be the 1st pure diversified infrastructure company with zero debt and
> nil interest outgo.Its a great sign of a strong aggresive visionary
> entreprenur which fascinated me the most.
>
> BTW:I am already a consultant to the company and have suggested the CEO
> to change its auditors from some local firm to Deloitte.I feel an
> international audit firm like Deloitte would certainly help the company
> as far investors confidence and conviction is concerned.After the satyam
> fiasco I am really apprehensive about balance sheets and thus the
> suggestion to the company.The suggestion has been taken on good spirit
> and a change is expected soon on the auditors front.
>
> Conclusion::
> retire rich after 3 years.Cheers folks.
>
Happy Trading,
United we grow!!!
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