Thursday, July 31, 2014

HIMALAYA INTERNATIONAL - UPDATE

This stock recommended earlier @ Rs.12 declared its result today . More than the published result ,company decided to write off an amount of Rs.16 Cr  on account of  expired goods due to termination of its joint venture with Simplot . ( Read the details of Board decision HERE ) .Frankly speaking , quantum of  this amount is beyond my expectation . Stock is currently trading around Rs 15.80 .Recommending to book Profit /Loss and considering this factor, a  re-entry may consider only  at a lower level .
Posted by VALUEPICK at 7:56 PM

13 comments :

  1. AnonymousJuly 31, 2014 at 8:54 PM

    Hello Sir,

    Thank you keeping investors like me updated. Feel lucky to have found you blog recently.

    Could you please provide your views on Gati? Company expecting to grow at good rate for next few years.

    Thanks!

    ReplyDelete
    Replies
    1. VALUEPICKJuly 31, 2014 at 9:24 PM

      Expecting improved business going forward.

      Delete
  2. AnonymousJuly 31, 2014 at 8:59 PM

    Dear VP,

    Thanks a lot of quick response.

    --
    With Regards

    Bigul

    ReplyDelete
  3. AnonymousJuly 31, 2014 at 10:45 PM

    Dear sir,
    Can one add Waterbase as the promoter holding raised to 52.47% from 32% n also good set of numbers.

    ReplyDelete
    Replies
    1. VALUEPICKAugust 1, 2014 at 5:25 AM

      Not tracking it

      Delete
    2. AnonymousAugust 2, 2014 at 10:18 AM

      What about Avanti feeds? Can we enter now?

      Delete
    3. VALUEPICKAugust 2, 2014 at 11:16 AM

      Avanti feed recommended Rs.68 , now @ Rs.994

      http://value-picks.blogspot.in/2011/09/avanti-feeds-ltd-changing-fortunes.html

      Delete
  4. RaviAugust 1, 2014 at 12:29 AM

    Thanks for the update sir

    ReplyDelete
  5. AnonymousAugust 1, 2014 at 9:43 AM

    Dear Sir... Thanks for quick response... can you please provide some guidance on Gateway Distripark and Edelweiss Financial...

    ReplyDelete
    Replies
    1. VALUEPICKAugust 2, 2014 at 7:48 AM

      Positive on GDL for long term , not tracking Edelweiss.

      Delete
  6. AnonymousAugust 9, 2014 at 5:15 PM

    Sir,
    I am surprised that sometimes you recommend investors to act like traders. This is a blog for long term investors, as you said. A 16 crore write of loss on a bad investment for Himalya International is a negative for the company, but that can be made up in a few quarters. As a samll investor, I decided to buy at 13 levels rather than sell the small quantity I had. Even if my decision turns bad after a couple of years, I would like to believe that I had invested in a good stock with fundamentals and be a long term investor rather than a short-term trader.

    ReplyDelete
    Replies
    1. VALUEPICKAugust 9, 2014 at 9:13 PM

      My problem is not Rs.16 Cr inventory write off but difficult to accept the logic of creating Rs.16 Cr inventory even before the clinching a joint venture agreement properly.

      Delete
  7. DeepeshDecember 22, 2014 at 10:49 PM

    CMP of himalya intl is 8.77 , is it safe to make an entry in this stock now ?

    ReplyDelete

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