Shree Ganesh Jewellery House Ltd IPO Message Board (Page 3)

1018. Ravi, Bangalore
Agree with your technical analysis.
How did you arrive at fair value of 180 ?

Anil,
You are correct. For now Shri Ganesh JHL is in bear grip or consolidation phase. I will preffer to sell half of 1600 share holding for trading gains on Monday opening. If share falls in the end I will cover, If close up, I have 800 shares.

SGJHL is in a complete downtrend 126 target 106 and then 80 rs. keep stop loss of 139.

even good market cant prevent it to go down . every there are more than 4 times sellers than buyers and today it reached 6 times sellers.

all finvestor and hni will exit it completely and since this stock is in weak hands like retailers it will fall further.

SGJHL 126- Target 139, 164. Stop-loss 100. BUY in 130-110 range.

Currently it is neither bullish nor bearish. Becomes bullish when crosses 130 & turns bearish if breaches 100. When in neutral zone, it can turn either side.

When it crosses 171, it may kiss 250.

Fundamentally, fair value seen at Rs.180.

bENGALI PHIR KYUN GALAT BOLTE HO MANA KI STOCK PAR TUM HIGH LEVEL PAR BHI ENTERED HO ISKA MATLAB YEH THODI NA KI DUSRO KO GALAT INFORMATION DO.

AAJ MARKET FULL BULL MARKET HAI LEKIN YEH STOCK TOH PHIR BHI GIR GAYA. AAJ TUM CHUP HO. MAINE KAHAN NA YEH STOCK 100 MEIN SE 99 DIN neeche jayega

Yes Anil...aaj yeh share pure din bear grip mein tha...meine beche hai aaj mere shares for short term..10 rupaye upar bhav mila hai mere khardi se..unformtunately bechane pade

BENGALI HIII AAJ BHI YEH STOCK NAHI BAD PAYA AUR PURE BEAR GRIP MEIN HAIN, ABHI YEH STOCK AUR LUDKEGA.

BENGALI SHAYAD TUJHE 7 JANAM LENE PADE IS STOCK KO 260 PAR DEKHNE KE LIYE PAR TUJHE PATA DOON YEH TAB BHI NAHI AAYEGA

AGAR MAIN IS STOCK KO SHORT NAHI KIYS HOTA SO I WOULD NOT HAVE BEEN SO EXCITED AND WRITING IN THIS COLUMN AND WASTING MY TIME

VERY SOON SGJHL WILL DECLARE BONUS

Hi,

Can anybody tell me how to short the shares? I just want
to know the concept. Can we short a share available on IPO before listing. Where is the link in Icicidirect.

Thanks in Advance for your help.

Share is in consolidation phase.

Sabse acchi baat yeh hai ki...yeh share unkown se known zone mein aya hai...jab yeh list hua tab Thangamyil jaisa chota player tha comparison ke liye...ab Jewellery asia section hai jo stock market mein naya hai..har ek niche player apni jagah banane mein time leta hai...SG ki real value ab sabko pata chal rahi hai...jo log yeh share 100 ke niche jayega bol rahethe ab 120 ki baat karne lage hai...bears haar rahe hai, aur bull or genuine investors age badh rahe hai...iske baat 150 ki baat chalegi tab yeh share 260 ke pas jald pahuch jayega jo iski real worth hai atleast current...iske baad operating margin aur jewellery demand kitni hai ispe yeh age kitna badhega yeh samaz ayega..lage raho...Anil jaise log ab yeh share roj 10 rupaye se upar kyun nahi jata ispe ro rahe hai...

i don't think anil is share ko short karta hai. His method does not says so. No PROFESSIONAL trader short sells in huge qty.( as anil says) without any stoploss. He just want to create panic among the shareholders so they can book their loss and he can enjoy. Some ppl are sadistc by nature. He is among them

Mat darao Anil ko. Karne do apna karam.
Anil full time bear operator hai is scrip mein. Woh darne wala nahin. Apna kaam karite rahenga. Chahe jo ho.
Hai na ANIL.

Anil 995,
Stock did not well today because yesterday it was up by 14%.
Secondly ONLY bear operators are not clever, it is bull operators trick to trap bears like you.
Continue short, you would loss what ever you have earned in 35 trading days in one stroke.

[NSE]
27-05-2010 Shree Ganesh Jewellery House Limited has informed the Exchange that CARE has revised the rating of the short term banking facilities of the Company from existing 'PR1' to 'PR1+' (PR One plus). Further the rating for Short Term Debt (STD) programme (including Commercial Paper) has also been revised from existing 'PR1' to PR1+' (PR One Plus).
Since ratings are revised upward by CARE for banking facilities,in spite of poor listing, I assume management is not a chor.

Im referring to Gitanjili Gems and jewellery in my previous commment

@Anil, what data you r referring to while saying that its at 4.5 PE. Last 12 months, its EPS is around 16 that makes a PE of 6

News.

Jewellery selling for sgl has been very bad this quarter as gold prices have gone artificially high and sales for jewllery have been affected heavily.

gitanjali gems is trading at p/e of 4.6 and sgl at p/e of 4.5.
gitanjali is still better pick consideing its pan india presence and better jewllery brands and good promoter background

Check this and believe.

Interesting and Amusing….Shree Ganesh Jewellery House Ltd prices it’s IPO at Rs 260…lists much lower on April 9,2010 and closes at Rs 163…and on this first day itself Standard Chartered Bank (Mauritius) Limited A/c Emerging India Fund sells at a huge loss,over half a million shares in a Bulk Deal at Rs 169.23 !
The Listing of Kolkata based Nilesh and Umesh Parekh promoted Gold Jewellery House,Shree Ganesh Jewellery House Ltd on Friday,April 9,2010 has spooked everybody

The IPO was priced at the lower band of Rs 260,but listed lower and crashed to 160 levels pretty fast

……An interesting Bulk Deal caught my eye on this first day of listing itself…Standard Chartered Bank (Mauritius) Limited Emerging India Fund (SCBMLEIF) sold 531484 shares at Rs 169.23 aggregating Rs 8.99 crs

I checked the Prospectus and found that they were not part of the Pre IPO Non Promoter Shareholders…of these there were merely two…Shares were allotted in August 2009 at Rs 300,after conversion of fully convertible debentures to Bennet Coleman who ,after a 1:1 Bonus in September 2009 ,now hold 333334 shares at a cost of Rs 150 aggregating Rs 5 crs Investment and Credit Suisse PE Asia Investments (Mauritius) Limited who had invested Rs 80 crs in a CCP Issue and after conversion at Rs 300 and the bonus held 5333334 shares also at a cost of Rs 150…but now hold 3200000 shares after offering for sale shares in the recent IPO

The March 2010 Book Building IPO was made in the Price range of Rs 260-Rs 270,with Rs 260 finally fixed as the Issue Price….It was for 14269831 shares aggregating Rs 371 crs…of this the fresh issue component was Rs 316 crs through 12136497 shares and an Offer for Sale by Credit Suisse of 2133334 shares aggregating Rs 55.47 crs

In fact SCBMLEIF also does not feature as an Anchor Investor…Of these there were three…IFCI,India Max Investment Fund and Bank Muscat India Fund who together committed Rs 65 crs for 25 lakh shares at Rs 260

The Issue was oversubscribed 1.96 times…QIB portion 1.38 times…Non Institutional Portion 6.12 times and the Retail Portion 1.39 times

So,I assume SCBMLEIF must be a FII allottee in the IPO at Rs 260….Selling off at Rs 169 levels and at a huge Loss of nearly Rs 91 per share on the first day of listing begs the question “But Why!?”…the loss is Rs 4.83 crs as the Investment was Rs 13.82 crs

As I blog this,markets have just closed at 3.30 pm on Monday,April 12,2010 and the second day of listing for Shree Ganesh Jewellery House and it’s share price is yet Rs 163

Financials show a post IPO Equity of Rs 60.68 crs (FV Rs 10,Promoters hold 70% +)) and a Post IPO Networth estimated to be around Rs 900 crs ( Rs 481 crs at 30/9/2009 + Rs 100 crs second half profit + Rs 316 crs IPO Proceeds to the Company)…that’s a Book Value of close to Rs 150…Debt was Rs 377 crs at the half year at 30/9/2009….After recording a PAT of Rs 80 crs for the half year,the full year FY 10 PAT should be over Rs 180 crs and close to Rs 200 crs…that’s an EPS of atleast Rs 30…the Earnings Multiple is just over 5 times with the Share Price of Rs 163 and under 9 times at the issue Price of Rs 260 and the Book Multiple is just over 1

So what’s the Problem !?….can Standard Chartered Bank enlighten all of us !? SEBI,perhaps ?…or perhaps Bennet Coleman or Credit Suisse,the Pre-IPO non promoter shareholders !?….25% of the IPO Proceeds of Rs 316 that come to the company have been assigned for General Corporate Purposes….no specifics…that’s a very high component of nearly Rs 80 crs that can be spend at the discretion of the Promoters and the Management,albeit for the Company…the major proceeds will be towards the specifics of expanding the manufacturing and retail base

IPO Allottees have been sledgehammered on Day 1 itself…..Should they also exit at a significant loss as something is greatly amiss !?…or is Shree Ganesh Jewellery House worth a Buy at Rs 163 !…just over one time it’s Post IPO Book Value ?…if you ask allotees to average,they’re going to kill you !….but one HNWI allottee I spoke to, was very optimistic and has full faith in the company and the promoters…he expects the price to move towards Rs 450…”kai karse!”….he was referring to the Promoters !

Clearly there was an IPO Gameplan….what was it exactly and who all are involved,is the key question !?…was SCBMLEIF part of it!?…they surely need to explain this first day sell off at a huge loss !…even Professional Stags don’t behave like this !

bengali sgl awaal stock 60% loser hai apne issue price se.

sab ipo mein yeh sabse badnaam hai.

fyi maine is stock mein short karke 2.40 lakh se upar kamaya hai.is stock ko main continuously 180 rs se short kar raha hoon aur ab yeh stock 127 par aa chuka hai.toh loss ka sawaal hi nahi uthta.

agar tumhe yeh stock 260 par lagta hai toh khooob kharido
tumhe all the best. jab standard charterd isme se 167 ke price par apne saare share bech chuki hai toh iska matlab usse bhi is company ke prospects pata honge.