Dear Sahranpuri, Congrats on hitting the jackpot(U have 1800 shares of CoxNKings,right?).I too have 600 shares of CoxnKings.Out of all the IPOs that have come to the market,I had made 2 full applications only in OIL India & now CoxnKings.I had not applied even in NHPC .Now kindly share ur opinion about DB Corp.Is it worth investing ?
arrey yaar only good people shud comment on ipo i frequently visit this site to invest in ipo many commented not to apply in CNK and we can see the listing same was the result for astec now 15% up ok tel me only the people on whose comment to rely
I am completely aware of the promoter group is the same. However what the article says is that they have already done Rs 5/- eps in the first 6 months of the financial year and they are predicting to do Rs 6/- eps in the rest half.
I am not favouring the IPO or anything. All i am trying to find out if there is anyother source that can confirm this.
Cox n Kings all investors please note that current year eps will be 20 & expected to be 27 in the year ending March 11.Thomas cook is currently enjoying a PE of 60& the CnK is sure to grow at 30% CAGR in the next few years.Hence if u take a PEG ratio of 1 & PE of 30 CNK can go very well go to 810. Remember that discounting for March 11 will begin from January 2010 itself so dont commit the blunder of flipping or selling in grey market like OIL.Rather blindly buy as much as you can in grey market right now.ITS A HARDCORE PORTFOLIO STOCK .
ASTEC might be forecasted by you @ Rs.30 DEN might be forecasted by you @ Rs.75 Thinksoft might be forecasted by you @ Rs.65 Jindal cotex might be forecasted by you @ Rs.35 & Finally Cox & Kings might be forecasted by you @ Rs.165 .
DB Corp revenues have grown at CAGR of 19.43% over FY07-09 period. In FY09, it reported net profit of Rs47.7 crore on a total income of Rs960.99 crore. While in the first half this year, it has already generated total revenues of Rs524.39 crores with a net profit of Rs95.53 crore. Based on the fact that the company traditionally gets 55% of total annual ad revenues in second half of the year, it is expected to report around Rs210 crore of net profit for FY10.
The consolidated EPS for FY10 thus works out to Rs11.60. At the upper price band of Rs212, it would result in a PE of 18.27, which is much better than industry average of 28.2 and other peers. The IPO has been assigned a rating of 'IPO Grade 4/5' indicating that the company has sound valuations, and above-average fundamentals compared with peers.