Yes, Yesterday Vital Chemtech informed Financial result/Dividend will be announcing on 5/22 and Vital up 20% today. Hope there's a positive outcome on 5/22.
Also, there's very nice movement in Transvoy logistics since Yesterday. It is 20% locked in upper circuit yesterday and today 15% up... Didn't heard any news from Company though...
@JAI JAI GARVI GUJARAT , Vital seems to be holding up pretty well. Any info on the positive news from your contact? Seems like there's definitely something coming up..
No @Kapz Sir , i don't know , Will try to keep eye on price movementSeems like something is going to happen here. Do share info if you get from somewhere Thanks:)
117. Imhilli| Link| Bookmark|
May 12, 2023 11:20:35 PM
IPO Guru (1200+ Posts, 700+ Likes)
Experts, any idea on how deep the correction would be?
This is the most bizzare listing in my 18 months experience with SME IPOs. I dont remember any other IPO which opened at 88% type premium after AVOID rating by DD AND okayish double digit subscription.
I think next week new energy, shud see renewed demand from Monday. Atleast Mansi and Money Multiplier are not there in bulk deals, so no deliberate shorting of the stock.
111.6. Manup| Link| Bookmark|
May 15, 2023 11:43:33 AM
Top Contributor (400+ Posts, 200+ Likes)
@Sanchit jain what a perfect prediction 👍 UC now
111.7. Manup| Link| Bookmark|
May 15, 2023 11:47:34 AM
Top Contributor (400+ Posts, 200+ Likes)
Negative cash flows: Cash flow from operations is negative from the past 3 years. A 70 year old company still negative cash flows!!!Profits generated are only in book. -High inventory days: 3200 SKUs and doing sales of 80cr. With so many SKUs high inventory is always going to be a problem. All cash flow from financing is stuck in inventory. -Huge debt: 45cr of debt taken by the company till oct2022 to fund the negative operating cash. -High debtor days: 45cr trade receivables (1.36cr seems bad debt more than 1 yr) and 45cr of trade payable very high. Inventory holding days is also very high of 321 days.Trade receivable is 8-9months and payable is 8months. Sales are being pushed with increasing debtor days to distributors. A credit of 8-9months for 8-10% margin business -Bad compliance: Delay in ROC compliances.