Cox and Kings (India) Limited IPO Message Board (Page 17)

Guys what do you think of JSW energy and FPO of government companies NTPC, REC etc than this IPO

Fair Value Rs.450+ on FY 2009-10 expected earnings.

Thomas Cook (India) is trading at premium valuation compared to its offer price. Cox & Kings is much bigger in terms of global presence, with the listed Thomas Cook (India) being mainly India centric, whereas Cox & Kings is a global player.


RISK FACTORS

1. The selling shareholders mainly Lehman Brothers Opportunity Limited, Deutsche Securities Mauritius and Merrill Lynch Capital Markets Espana S.A., S.V. are selling off 59% of their respective stake post listing. Thus these FIIs are not bound by lock-in period. Big investors are forced to sell their stakes post-listing.

The selling shareholders had acquired the stake through purchase from promoters of the company in 2006 and increased its stake through bonus issue in 2007 and through rights issue at Rs 10 in July 2009. The cost for the selling shareholders is about Rs 91.91 per share. This may affect company's share price post listing.

IPO investors may remember that Pipavav Shipyard IPO was also a exit route for FIIs.

2. Sensex is trading at PE of 22-23 which is high as per history. Broad market correction may be round the corner.

To manage risk, keep stop-loss in IPO price band of Rs.330-316.

coxs and kings will lsut with good premium. apply fpr the maximum lots.

i fully agree with 69. rajesh as all are misguiding...

Dont Invest in this issue. very high premium.....

hai friends i am back, my views in this ipo is that this is quite expensive ipo and regarding return when you are buying share at 30 p.e ratio be prepare for jolt. I am just saying that everyone is comparing this ipo with thomas cook but no body knows thomas cook has very little floating stock in the market, and you know the operator theory when everything is already cornered, then high p.e of thomas cook does not matter. it is quite expensive deal, though everyone is recommending the issue, when everybody is bullish like reliance power ipo, see the result, donot blindly follow the so called expert advices just be yourself and believe in your own judgement.

FRIENDS,AVOID THIS IPO.
DUNIYA CHAHE JO BHI KAHE,
APNI AQAL LAGAO DHIKHAWE [KISI K KAHNE] PE MAT JAO.

I FULLY AGREE WITH YOU MR.RAMESH. THIS IS FUNDAMENTALY VERY STRONG COMPANY AND WE MUST APPLY MAXIMUM POSSIBLE

suscribe it if you want yo gain money otherwise your choice this ipo give more return then oil india ipo (minimum opening of 8 % gain)

This is a 250 year old company with a very unique and profitable business profile.Their profit margin is too good of 40% . Growth % for last 3 years is also good.It has been rated with above average fundamentals of 4.
So the only con seems to be with Valuation. valuation wise they seem a bit expensive.But you don't get a quality offering in a niche sector every day.
so i will apply for this issue...and i would be happy if the oversubscription is low because i will end up with more shares.

friends,if subscription and demand are at lower level how can one expect listings at premium and rates to sustain.All previous ipos due to their false pricing have made suffer to their investors.So be careful for high pricing issues.better to avoid for small returns and huge risks.let these greedy promoters learn a lesson.good night and rabba kher

TO 53. Manoj Jindal,55.Ravi Bangalore and 59. Rajesh,

Manoj, You did a good job in doing the research and knowing the details of EPS etc.

Now forget about the dilution part. Considering Post-IPO earnings the EPS is about 10.

Also, EPS can increase to about 12.5 to 13 for FY10.

NOW you are saying high P/E ratio which puzzles me.

Cox & Kings is much better and bigger brand than Thomas Cook. Thomas Cook is quoting at PE of 47.5 its current year earnings. Now if we apply same yardstick to Cox & Kings expecting 13 EPS for this year then this should list at 600 plus. Even 30 P/E will give a listing price of 390 on FY10 earnings.

I Believe this will list around 400 to 450.

Ravi, Bangalore....I am not sure why you are saying negative on this.

Rajesh.....Still NHPC and India Bulls fear is haunting you. They have to implement projects and earn money where as Cox & Kings is earning money. Also both are not in same field. You cannot compare both.

One can apply with confidence in this issue. Even market crashes, minimal gain will be there.

Thanks,
Ramesh

Lot of guys are misleading and even guys like tulsian,choksy gave negative comments on Thinksoft IPO and gave rating of 3 but today see thinksoft .It gave more than 100% returns in 1 month. Can never believe their comments

when capital market gave 50% and others like tulsian,hindu businessline,hdfc bankcrisl ratings 4 out of 5 are positive on cox i dont know why some of them are negative

Or better to go for FPO in government PSU like NTPC, REC, NMDC and MMDC rather than these IPO's

Better to invest in JSW energy IPO which is coming in last week of november or 1st week of december.

Investors should belive in valuations not on such mgs posted by RAJESH. Look at its EPS rs 19 and PE 18 which has huge upside as compared to peers.

To give maximum losses, it will definitely list around 175/- - 185/-. Because NHPC, Indiabulls Power, Euro Multivision have given very less loss.
Hence, if this will list @ 40% discount all the promoters, SEBI etc. will be very happy as investors will lose money and will be begging on road. Happy loss to all.

The following is the trail of LOSS on listing as happen in NHPC and Indiabulls Power

The initial public offering (IPO) of Cox and Kings (India), a provider of all travel and travel related products, opened for subscription with 18,496,640 equity shares of Rs 10 each today. The price band is at Rs 316-330/share and the issue will close for subscription on November 20, 2009.
The company has allotted 2.7 million shares to anchor investors at Rs 330/share, a higher end of price band of Rs 316-330. It will received more than Rs 90 crore from these investors.

Emerging Markets Growth Fund, Capital International Emerging Markets Fund, T Rowe Price Intenational, SBI Mutual Fund, Reliance Capital and Sundaram BNP Paribas Mutual Fund were the anchor investors.
Name of Anchor Investor      No of Equity Shares      No. of Equity shares allocated as a percentage of equity shares under anchor investor portion
Emerging Markets Growth Fund Inc      745500      27.16
Capital International Emerging Markets Fund      354500      12.92
T Rowe Price Intenational Inc A/C T Rowe Price International Discovery Fund      529000      19.27
JF Eastern Smaller Companies Fund      200480      7.3
SBI Mutual Fund A/C MMPS 93      153000      5.57
SBI Mutual Fund A/C Magnum Global Fund      153000      5.57
Reliance Capital Trustee Company Ltd- A/C Reliance Equity Opportunities Fund      306000      11.15
Sundaram BNP Paribas Mutual Fund A/C Sundaram BNP Paribas Select Small Cap      151500      5.52
Sundaram BNP Paribas Mutual Fund A/C Sundaram BNP Paribas Select Thematic FDS- Entertainment OPP FD      151500      5.52
Total      2744480      100

very good issue.premium 50-60 rs

If SEBI is really caretaker of investors, then it should ban the price band system by which majority investors are becomming victims and most of the people afraid to enter into the market. I request SEBI to remove price band system to minimise/aviod the financial loss to the investors when the scrip lists/falls below priceband(which is common today)and attracts more and more investors into the market.