Thomas Cook India – Fairfax ups equity stake and other updates

Thomas Cook allotted 1.827cr equity shares in lieu of 18.27 lakh preference shares to its promoters taking the promoters equity stake in the company from 72.9% to 74.7%. The total shares outstanding in the company today are 27.27 cr of Re1 each. http://www.bseindia.com/corporates/ann.aspx?scrip=500413%20&dur=A Stepping out of the preference cover to take on risks and rewards…

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Piramal Enterprises – Q3 Note

Q3 in cr Pharma and Manufacturing Financial Services Information Management Unallocated Total Capital Employed 3221 9202 4293 (4607) 12110 Revenue 802 219 377 1398 Profits as reported -5 162 132 47 346 Profits without exceptional -5-2+34-18=9 162 132 47 350 Finance Cost -95 PBT 241 The Pharma and Manufacturing business has finally turned cash positive,…

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Is MPS being smart or stupid ?

Today was a particularly exciting day for MPS as they announced their Q3 results along with a second interim dividend of Rs 10 per share. They also passed an enabling resolution to issue securities for QIP upto 150 crores, The market, keeping in line with its eccentric reputation lived up to it by dropping the…

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8,000 cities to govern – Irena Vittal

Urbanization is on the official agenda in Delhi: build 100 smart cities, and now, revive 500 existing cities. This priority is long overdue: one in three Indians lives in a city. Indeed, experts believe the real number is a higher 52%, if one relaxes India’s tough three-part definition of urban. Clearly, while policy ignored cities…

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CCL Products – Problems of Plenty

  They say that people can be divided into four categories, employees, professionals, businessmen and investors. Each of the above have unique traits and people in each of these categories have very different lives and mindsets. CCL’s ex MD is a thoroughbred businessman and an entrepreneur. His lifespan covered starting of the business, growing and…

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MPS Ltd – FY 2014 Results Discussion

Initiation Call  https://biginvestorblog.com/2014/01/07/mps-initiation-dec-2012/ Q3 results discussion  https://biginvestorblog.com/category/stock-ideas/mps-ltd-stock-ideas/ Nishith Arora has systematically turned around the business with ease and panache. He has framed rules of keeping employee expense under 40% of sales, done away with expensive locations, kept only Dehradun as the only option of expansion, concentrated on increasing services in the geographies he is already…

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