rksingh : How to get your chat transcript?
Ramesh S Damani : Search rediff for them.
vvinay : sir,one cannot write off Mr.Damodaran also look at book value of IDBI,past mistakes may not be repeated again similar things were said about uti,IDBI has intrinsic strength your view's
Ramesh S Damani : History is against them, look at UTI history.
sanujkadavil : SirSouth Indian bank board approved rights issue of 1:3 at a premium of 30rs. Record adte is 23rd july. And ex-rights of 16july..Are you still holding south India bank. If yes would you subscribe the rights..It is the cheaply valued bank scrip at a p/e ratio of 2.. and we likes to know your view on south Indian bank
Ramesh S Damani : Yes, I still do, I would subscribe to the issue.
Amit1 : Kale / crest / Logix Nelco : U said that they are in niche and could be multibaggers but there should be some sign starting now as they can't become 5 times overnight. Do u see any activity in any of these cos. which gives us some confidence
Ramesh Damani : Kale is still struggling but on track.As far as Crest is concerned, animation is going to be big business and they should benefit. Logix is still struggling but on track. All three companies are doing well but have not reached critical mass and you will have to be patient.
rakshesh : damaniji, I had bought Mahindra ugine as per your advise-- now I am sitting on a loss- till when should i hold- please advise
Ramesh Damani : I wish i was clairvoyant to tell you when to buy and sell.
vikrantgoyal : DO U TRACK THE Trades Done on Nifty Futures Done On Singapore Stock Exchange ..... AS the FIIS can take a view trading there also
Ramesh Damani : No, I have not.
mks : what is your openion on no. of companies in ones portfolio??....you suggest not to exceed some x no. of companies or it is not matters as long as picks are good???
Ramesh Damani : It depends on the size of the portfolio.
Amit1 : After INFY result , r u looking at some Mid cap shares. what about I GATE , once u said u will look into as we cant ignore P. Murthy's capabilities
Ramesh Damani : It does not seem to be out of the woods yet.
HiDamani : IF WE ASK YOU FOR AN INVESTMENT OF AROUND 8 LAKH-- WHAT 7 STOCKS WUD U SUGGEST. I CAN SURELY NAME A FEW LIKE MCDOWELL, MACMILLAN, SUNDARAM FINANCE, TATA ELXSI .... WHAT WILL BE THE REST 4?
Ramesh Damani : Sorry, no new ideas. Maybe a punt on Godrej Industries as a value investment.
Daulat : Ramesh, thanks for your earlier recommendation on VST Tillers as well as Tata Elxsi. Can Tillers be held for the long term?
Ramesh Damani : VST Tillers was a trading call, Elxsi was an investment call.
rakshesh : Damaniji, Mahindra ugine- does that mean, I should continue to hold?
Ramesh Damani : I don't advise when to buy and sell. I tell you occasionally what I have done. What you do is up to you.
tabu : which is the date of eserve buy back? when will they post the form?
Ramesh Damani : No date yet.
mks : sir, for a retail investor who invests arround 3 to 5 lakhs what type of porfolio is advisable??....minimum no. of companies of good picks or fair distibution with any no. of companies one feels it is good???
Ramesh Damani : I would buy no more than 2-3.
Amit1 : Is Tata Elxsi has become your core investmnt. Do we need to keep for 2 -3 yrs. to realize maximum gain or its a short term story
Ramesh Damani : I would like to keep it as a coreholding but let's see results of a few quarters before deciding.
TOMBAY : SIRJI ANY NEW SCRIP YOU HAVE SEARCHED ON TECHICAL OR FUNDALMENT VIEWS? ONE OF MY TECHICAL FRIEND SUGGESTS LAXMI MACHINE , SHIPPING CROPORATION, GE SHIPPING AND TATA ELXI WILL TELL WHICH IS THE BEST???
Ramesh Damani : I like Elxsi and trade in GE Shipping.
HiDamani : SIR , U ALSO SUGGESTED KSB PUMPS B4 BUDGET, I PURCHASED AT ARD 100, AS A TRADING BET CAN I EXPECT A MODEST GAIN OF 15 % IN SHORT TERM
Ramesh Damani : I think so.
parishilton : the sonis of logix recently made pvt placement to themselves do yu know at what priceand has thier izmocars product been bought by any new customers
Ramesh Damani : They did not finally take the shares. Izmo cars is doing well this year. I own Logix.
timon : sir what do you think about the old economy stocks in general. Will they appreciate in next six months
Ramesh Damani : Too broad a question to answer.
Amit1 : Godrej IND : is it not moving as there is no interest in mid cap . but it looks excellent buy and they have got sops in budget also . Do u see this in 3 figure in times to come
Ramesh Damani : I would hope so.
mayajk : what are your favourite stocks in textile asking third time
Ramesh Damani : Nothing
new. I am selling some Zodiac, Himmatsinka.
tigershark : praj ind announced qrt results yesterday have been follwing please let us know if yu know
Ramesh Damani : Have not seen the results.What was the dividend?
lavanya : Is your bullishness on TataElxsi mainly driven by the fact that by end 2004 or March 2005, it(along with TataInfotech and others) wouldbe merged with TCS.
Ramesh Damani : No. It has nothing to do with TCS. It is based on business fundamentals.
sanujkadavi : SIRAs per SEBI rule the company should make an open offer ones the promoter holding is over 90%. Godrej industries promoters holds around 88%. Do you think they will come up with open offer in near term
Ramesh Damani : They have do to a reverse book build not a open offer. Godrej may buy back or issue more shares.
newbieatstock : i thought you were quite bullish on zodiac post 2005, how come you've decided to sell now
Ramesh Damani : Book some profits. Post 2005 they should do well though.
HiDamani : DO U TRADE IN HINDUJA TMT OR ITS AN INVESTMENT SCRIP?
Ramesh Damani : Trade at the current time.
sanujkadavi : sirTVS ElectronicsI think this is only stock which is available at very cheaply from the ever respected TVS group. at a 85 crore marketcap we are buying a world class hardware and BPO company. Most people are talking about india's booming software industry.but we should need a strong hardware industry for supporting software boom. we have a 75000 crore opportunity in hardware.TVS has globally competitive assembly centres they can use it for outsuorce products and services for global majors.if they can grab the opportunity ,they can achieve 1000 crore turnover by 2008.and a bottomline of 100 crores.that is an EPS of RS60/-. that time markets will tell the story.
Ramesh Damani : They still don't seem to have the vision to put this all together. The oportunity is present, and I watch the stock regularly. However, other than a small M-cap they have not got a great business plan together.
Daulat : WHEN IS CREST LIKELY TO TURN PROFITABLE? DO THEY HAVE LARGE ORDERS/CONTRACTS NOW IN ANIMATION?
Ramesh Damani : I can't say. However, they are going to benifit big time from animation outsourcing.
lavanya : thank you sir. Just wanted to clairfy. But im very sure that max, by april 2005 the merger would be done. So you really dont need to worry too much about waiting for a lot of qrts results before deciding on it :-))- investing in Elxsi now is as good as buying TCS shares, only thing is that it is cheaper valuation.(This is my take - its only matter of time before we see a single tata sw company like how all the wipro "technologies" and "infotechs"became "WIPRO"
Ramesh Damani : It could, but that has not influenced my buying decision.
newbieatstock : do you think most of this year has gone for the market with the turnover tax coming in.. i know brokers had a meeting yesterdy and they will meet PC toady but i dont see anything coming out of it... untill feburary 2005.. your views
Ramesh Damani : We may be range-bound till the next Budget!
Daulat : HOW'S THE OUTLOOK FOR CONCOR, ESP. AS IT HAS GOT QUITE A HAMMERING AND IM HOLDING SINCE PAST ONE YEAR?
Ramesh Damani : With Laluji in charge and a good market cap it is no longer cheap.
HiDamani : SIR I WOULD WANT TO KEEP LOGIX IN MY PORTFOLIO OF 8 LAKH... WHAT DO U SUGGECT? TOO RISKY?
Ramesh Damani : Probably not.
parishilton : does india have the infrastructure for animation where are the studios like walt disney and where is the manpower i read that there are only 5000 so far and there is no world class school in india yet,i have given the negatives lets hear the positives,of course india is cheap,60000$ for an hour of film or something like that
Ramesh Damani : Probably does not but we can create talent rapidly. Look at the IT/ITES indsutry. It has grown in 10 years. By the way, I love your net name.
Daulat : UB SEEMS TO BE NEAR A BOTTOM. ANY IDEA ON THE LATEST RESULTS, PROSPECTS, OR CHANCE OF A DIVIDEND?
Ramesh Damani : no divident as far as i know
HiDamani : CAN WE PURCHASE TATA ELXSI AT 115 FOR LONG TERM OR U THINK IT WILL COME DOWN SOMEWHAT?I AN SITTING ON SOME CASH - THANKS IN ADVANCE AND KEEP UP THE GOOD WORK
Ramesh Damani : Timing is not my strong suit. It is an investment call and we will monitor it quarter to quarter.
BASANTMAHESHWARI : Please answer this one. hAT ARE THE PROSPECTS FOR AN iNTERNATIONAL cfa IN THE GLOBAL FINANCIAL MARKETS. aRE YOU AWARE OF THIS BY ANY CHANCE
Ramesh Damani : I am not. Thanks all for joining. See you all next week. Thanks and bye.
