Appu : Hello Sir, Media is the future and the new entrant is UTV. They are behind Hungama TV channel and Swades (movie). Is it a good bargain at the present price. Your views
Ramesh S Damani : Hello everyone, thanks for joining. Lets start. I am not enthusiastic about UTV at these prices.
nagesh : I have bought UBholdings 1000 @184. Do I keep them or dispose them please as the market is down at the moment
Ramesh S Damani : I do not comment on day to day price movements. Take a patient view on investments.
joegranville : Ramesh, all the emerging maket are falling as recent fed hike got some FII money back to US as bonds yields have increased in US? Even Greenspan hinted that there might be more sharper and frequent rate hikes in future? does not it mean some more FII money will flow out of emerging market , thus making emering market valuation attractive from the long term stand? thanks
Ramesh S Damani : High interest rates are negative for markets. However, India has a strong domestic economy and hence protected.
Appu : Mr Damani, May I know why Nucleus Software and Tata Elxsi are your core holdings. Is it a long-term story?
Ramesh S Damani : they are good. Company's s doing well with good prospects.
SUDHIR : sir i think you must admit that you had been proven wrong since last week. you were bullish on liquor stock as well as markets but both had crashed heavily since then. i had lost a lot of money. now should i average my holdings in liquor stock or sell them at a loss
Ramesh S Damani : i have been bullish on liquor since 3 years. You happen to listen last week.
Singaraj : Mount Everest.I am searching for comparable (pure play mineral water co.) valuatons in other markets to get some vision of the big picture. I came across 1.DANONE of France, world leader in natural mineral water in volume terms, brand EVIAN from french alps, Market cap US$2.7bn, but it is also a world leader in fresh dairy products and cereal biscuits. 2).Nestle waters north america,brands PERRIER, VITTEL etc,with sales of US$2.3bn which in turn owned by the well known giant NESTLE.I request you to give valuations of some(at least one) comparable co's in other markets.(In liquor, your overseas examples helped tremendously in early years).Thank you sir.
Ramesh S Damani : evian and perrier are good eg. Remember though that Mt Everest is an immature co. Don't change price. Invest with a view to the future. I will get some examples as I find them.
newinvestor : sir, is Aegis logistics better than GATI or Balmer Lawrie cos the Net Profit/Total Revenue for Aegis is much higher?
Ramesh S Damani : different co;s in the same area. not strictly comparable.
Neewbieatstock : Sir 2 questions which am sure are on everyone's mind. What's your take on the recent market decline, I think today might have been the last day looks very oversold. Secondly are you surprised by the way the price of Mcdowell and Ubholdings have behaved once the news about the merger was out?
Ramesh S Damani : its a case of buy on rumor and sell on news. However, we still have major news coming from the liquor industry. It will take 6 months to happen.
vavnathan : Mr.Ramesh, yr view on Gokuldas IPO, whether we can invest in this IPO?
Ramesh S Damani : it seems a trifle expensive in this market.
scrippy : Respected Sir, What in your opinion should an investor do in the coming week? Anything you recommend to buy at these levels? Or is await and watch policy better?
Ramesh S Damani : i am well invested and I think market will punish cos that are diluting equity and are exposed to oil, but otherwise economy continues to be strong.
sureshmakhija : sureshmakhija says, sir last time you said that you will tell about mount shivalik and abee info. do u studied abt that. what r u call on these scrips, sir. Any new book recently u r reading
Ramesh S Damani : The Ascent of Man by Richard Dawkins. Not found any reason to buy the other 2 scripts.
nandita : sir, govt is not interested in FDI in media at this time. what are the prospects of TV Today according to you?
Ramesh S Damani : it would require FDI in media to get some legs.
vikrantgoyal : what are the total investments in various companies held by UBHOLD ? do they hold a share in aventis pharma also ?
Ramesh S Damani : it is in the b/s. yes they did as of last year.
TINU : sir, After the swc & mcdowell deal last week, both ub holding & mcdowell are falling with lower circuit every day. why this is happening. Is market is not impressed with deal or the valuation are high. thanks please reply
Ramesh S Damani : that is the way the market behaves. it never moves in a straight line.
sadaf : sir I have a large leverage position in the market. should I sell it or wait for market to rally, I am making profit at current rates
Ramesh S Damani : when you are leveraged listen to your self and not to outsiders.
vatsal : hi sir I want to ask you one thing why the companies like agro tech foods matsushita lakhanpal and tv today hasn't participant in this bull market? whats ur view
Ramesh S Damani : no idea, sorry.
nandita : sir, media has got a beating in this correction. will you still recommend buying tvtoday at these levels?
Ramesh S Damani : i remain well invested.
Neewbieatstock : Yes I completely agree with the theory of buy on rumor and sell on news. But it looked like someone wanted to offload a huge chunk of the stock.(mcdowell) what did u think ?
Ramesh S Damani : that is not my impression.
rksinghal : MOUNT EVEREST WATER:- It is among the few companies in india which have NATURAL mineral water resources(CATCH is another brand which has NATURAL mineral water resource).The indian mineral water market is currently 1000 crores and MOUNT EVEREST has barely 1% share (its turnover is worund 10 crores). The company is currently valued at 70 Crores. The operating income can not move up sharply (even in 2-3 years) to justify valuations from PE perspective. The postive is that they have 50 acres of mineral water source. Do you think that 50 acres of mineral water source is worth atleast 200-300 crores, then one can buy bcoz even if it gets valued at 250 crores in 3-4 years period, it is not a bad option.
Ramesh S Damani : the mathematics of this is still unclear. However your logic is broadly right. Again, I warn you the script is immature and prone to boom and bust. Be careful.
TINU : sir, ministry of disinvestment have not included balmer lawrie in the list of disinvestment. Is this the reason for the crash in this counter. thanks
Ramesh S Damani : market is also falling.
vatsal : , sir u said me one time that u owns agro tech foods. so u like that company?
Ramesh S Damani : i still do, however no new news in the co.
vikrantgoyal : where can I get the balance sheet of UB HOLDING ?
Ramesh S Damani : write to the co.
abhinav : can i buy bank of punjab at current levels ?
Ramesh S Damani : looks okay to me.
simplify : Mr Damani - as a value play bet, I think HPCL is tremendous at these rates. HP & BP are getting into the category of 'hated' stocks .and I think this is a tremendous buying opportunity.
Ramesh S Damani : they could well be, though I am not following it.
jagan : Your favourite VSNL is @ the recommended price, any view?
Ramesh S Damani : looks okay to me.
DamaniFan : Sir, how come SBI has taken such a beating?? Its really disappointing to see such a valuable stock fall so much :-( Do u think its a good buying opportunity?
Ramesh S Damani : it
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has taken a beating. I am perplexed why it is the first stock to fall so sharply.