Strong buying opportunity.
Sentiment: Strong Buy
"Tata Motors second-quarter earnings came in weak, with the company clocking consolidated net profit of Rs 3,291 crore, down 7 percent from the year-ago figure of Rs 3,542 crore. The company fared well on the sales front, though, with consolidated revenue climbing to Rs 60,564 crore (up 6.5 percent year-on-year compared to year-ago figure of Rs 56,867 crore). A CNBC-TV18 poll expected the firm to post net profit of Rs 4,457 crore on revenues of Rs 56,882 crore. Earnings, however, were decent on the operational front, with consolidated profit before tax rising 19.2 percent year-on-year to Rs 5,671 crore. The weakness in the net profit can be attributed to a large tax expense the company took this quarter (Rs 2.364 crore versus Rs 1,194 crore last year). Tata Motors’ overseas subsidiary JLR notched up net profit of 450 million pounds, down from 507 million pounds in the previous quarter. Revenues for JLR rose 4.2 percent to 4,808 million pounds. The company attributed the fall in JLR profits to an “unfavourable revaluation of foreign currency debt and unrealized hedges and higher depreciation and amortization”. At a press conference, the Tata Motors management pointed out that on the operational front, margins for JLR had expanded from 17.5 percent to 19.4 percent. While the local business continued to bleed, with Tata Motors standalone numbers showing up a quarterly loss of Rs 1,107 crore on revenues of Rs 8,750 crore."
Sentiment: Strong Buy
Yes, time and the positive comments (section) of the Indian website moneycontrol do indeed point to this future possibility.
Sentiment: Strong Buy
HDFC Ltd. may choose to merge with HDFC bank in India due to this recent development. This will almost double the market cap of the merged entity and more than quadruple the EV (enterprise value). Both the stocks could double in anticipation of this in the very near future, imo.
Sentiment: Strong Buy
......continued: "Multinational IT giants including IBM, Accenture and HP, have for long attempted to build an effective offshore presence in low-cost outsourcing destinations such as India. A company such as Infosys with a ready-to-deliver staff of more than 1.5 lakh skilled software professionals and a battery of 800 active client accounts will certainly be a good fit. IBM, for instance, has a cash pile of $11.1 billion and a market cap of $236 billion while Accenture has a market cap of $50.2 billion with $5.6 billion in cash and equivalents.
Unlike some of the other larger local IT firms such as Wipro, or HCL, and perhaps TCS, what could make it also attractive is the widely dispersed shareholding of Infosys.
The Bengaleru-based company's promoters control a little over 16% while institutional investors have a stake of 56%. The largest among them are Life Insurance Corporation (6%), the sovereign wealth fund --Abu Dhabi Investment Authority (2.2%), and Oppenheimer Developing Markets (2.1%), besides Franklin Templeton Investments (1.8%). Despite a below-par show over the past few quarters, institutional investors have progressively raised their holdings in the company from 40% in December 2007, reflecting perhaps the premium it attracts for its top corporate governance standards.
The recent show may have led to more questions now being raised about the management's ability to deliver more especially with peers such as TCS and Cognizant reporting far better numbers during the last few quarters. So far institutional investors have shown great faith in the ability of Infy's management buits leadership will have to get its act together faster before there is an erosion in its core support."
Sentiment: Strong Buy
Infosys' mammoth cash pile may attract global suitors"
Ranjit Shinde, ET Bureau Apr 16, 2013, 06.49AM IST
Is Infosys, once the bellwether of the Indian information technology sector and a widely respected firm now a potential acquisition target?
For some of its global peers which have plenty of cash on their books, the opportunity may be quite tempting. Consider this: Nearly a fifth of Infosys's market cap is now represented by cash and liquid assets on its books after the slide in its stock price last week in the wake of its dismal quarterly results.
The larger proportion of cash aggregating over Rs 22,000 crore reduces the enterprise value of companies such as Infosys, which do not have any debt burden, thus making them attractive takeover targets. The Infosys stock has lost over 21% since Friday after the company reported its lowest quarterly operating margin and provided for a guidance for a revenue growth rate that would lag the industry average for the second consecutive fiscal.
The steep erosion in the valuation of India's second largest software exporter has catapulted the proportion of cash and equivalents to 17% of the company's total market capitalisation of over Rs 1,34,000 crore. The ratio for TCS was 2.2% and for Cognizant 12.5% at the end of December 2012. The cash-market cap ratio has increased sharply from 9.7% two years ago and 4% in the March 2006 quarter, reflecting the rapid erosion of the value of the company's core business.
Infosys reported cash and equivalents of Rs 22,436 crore including liquid investments. The presence of cash reduces the enterprise value or the price that an acquirer would put on a going concern by an equal amount which would mean that Infosys is valued at over Rs 1,00,000 crore or approximately $20 billion.
Who could be the potential acquirers? Multinationa
Sentiment: Strong Buy
Charlie turned out to be a chicken...cluck! cluck! and Mccaw a crow...caw! caw! - nothing more and nothing less. Over and out!. GLTA.
Good answer pdb. Just wondering, if you are say, and S called you at $7 1 month from july 8th then will the publicly traded value also go up to 7?. I am assuming that these merger deals officially close 6-12 months down the road.
Pardon my grey poupon, but does this mean that even if one retail shareholder holds out with 1 share and s-sb acquire it subsequently for a higher price than 5 - then the "make whole" to crest etc. gets activated?.
If Ergen has any sense he'll make a knockout bid for clwr today.
"Samsung Announces Super-Fast Wireless Tech That Will Make LTE Seem Slow
Samsung Electronics said Monday it had successfully tested super-fast fifth-generation (5G) wireless technology that would eventually allow users to download an entire movie in one second.
The South Korean giant said the test had witnessed data transmission of more than one gigabyte per second over a distance of two kilometres.
The new technology, which will not be ready for the commercial market before 2020 at the earliest, would offer transmitting speeds "up to several hundred times faster" than existing 4G networks, it said in a statement.
That will permit users to "transmit massive data files including high quality digital movies practically without limitation", it said.
"As a result, subscribers will be able to enjoy a wide range of services such as 3D movies and games, real-time streaming of ultra high-definition (UHD) content, and remote medical services," it added.
Samsung said it had found a way to harness millimeter-wave bands which have proved to be a sticking point for the mobile industry to date.
The test used 64 antenna elements, which the tech titan said overcame the issue of "unfavourable propagation characteristics" that have prevented data travelling across long distances using the bands.
One of the most wired countries on earth, South Korea already has around 20 million 4G users.
Copyright (2013) AFP. All rights reserved"
Thats all very fine Indano but there seems to be no indication, and time is running out with the july 4th holiday weekend. It just could be that Charlie was shooting from the hip, and has no real firepower, or that son scared him off. I think if crest + remaining could holdout..........
If Crest + taran + retail vote NO, and if the deal fails, then S/SB will have to rebid much higher (than if they were to do a pre-vote deal with crest etc.).
it seems we will have to make do with a chicken "Dish" (pun intended), imo.
All the facts such as these are being ignored currently:
"On June 16, 2013, at 10:14 PM, motleyinfo7 wrote:
The author of this article is correct as part of the deal CLEAR will be able to dilute Sprint's share by issuing new shares as part of this deal and then issuing them to DISH. Technically if DISH wanted to they could completely dilute Sprint's share to smithereens which is what Sprint fears, but will not happen. What will happen is that their rates will go up for how much they are charged on the wholesale level. This could substantially increase the price of CLEAR while drastically reducing margins for Sprint.
Currently Sprint is paying just south of $2 per wholesale line, the actual market price would be just north of $9 in the range of $9.25 - $9.62 based on competitor pricing. This would immediately making CLEAR a profitable company while taking a big chunk off from Sprint." " and from Reuters -
"According to the Furchtgott-Roth Report, Sprint's $2.97 per share offer for
Clearwire represents a value of just $0.11 per MHz pop for Clearwire's
spectrum and significantly understates the current value of Clearwire's unique
spectrum holdings. The Report says that applying reasonable assumptions to the
multi-customer business plan presented by two firms advising the Clearwire board
results in a valuation between $9.54 and $15.50 per share. These share price
values correspond to spectrum prices between $0.31 and $0.50 per MHz pop.
The Sprint offer also fails to account for Clearwire's unique ability to deploy
wireless technology that offers far greater future value than the technology
currently offered by most major U.S. carriers, the study says. In his report,
Dr. Furchtgott-Roth explains that TDD-LTE technology allows for higher download
speeds and efficient spectrum utilization. He also notes that "the only band of
spectrum in the United States that can be developed for TDD-LTE services is
the 2.5 GHz band largely controlled by Clearwire.""
Just vote NO, even if we win by 1 vote it could make a world of a difference. I also totally concur with Indano's recent posts alluding to the true unlocking of clwr's value i.e. if we win the vote.
and you are here why?, to arbitrate opinions between the other lazy buzzards except yourself?, though at times it seems that you're talking to yourself. Who asked you anyway, this board and other web forums are a means for people to express their own opinions based on their positions (stocks or otherwise). Just take up another id like teamrep1 and keep bouncing off your thoughts to yourself only, since you're worth nothing more than the image of yourself reflected in your own mind. Mirage mor0n.