Tuesday, February 3, 2015

SKM EGG PRODUCTS EXPORTS - UPDATE

 





SKM Egg Products Exports today informed the Stock exchanges that the Company has foreclosed all the term loans availed from State Bank of India ( Link HERE) . I believe, it is a remarkable achievement for the company and its promoters who struggled to repay its loan till few years back which even  resulted in pledge invocation and selling of the shares by banks in open market earlier . More than reduction in interest rate , this clearly indicating promoters integrity and hard work to keep the promises they  given to minority share holders .I hope, the entire  shares will be pledge free in near future by this repayment .In addition to this , company may get better valuation in future considering the increasing strength of its balance sheet .Let us hope , the management will deliver  similar promptness in other plans  including revocation of suspension from BSE , achieving Rs.500 Cr turnover in another 2-3 years..etc 

At least some of you may ask why there is frequent update on this company .I believe , beyond any monetary benefit as a share holder ( I am holding shares in this company which already disclosed in my initial posting itself) , it is our - retail share holders- duty to extent our moral support to a management who are trying hard to keep promises in a most transparent manner .If the great come back story of this company act as an inspiration for the  promoter of another ailing company to fight and come back , that may bring cheers to another set of minority share holders . Above all , I always prefer to salute anyone who come back from the brink of collapse with their sheer hard work  and succeed without compromising ethics and values in life .
Posted by VALUEPICK at 8:38 PM

40 comments :

  1. AnonymousFebruary 3, 2015 at 8:41 PM

    Thanks for the update sir... good promoters and good company.

    ReplyDelete
  2. rakeshzunzunwalaFebruary 3, 2015 at 8:50 PM

    Sir salute to you & management.

    ReplyDelete
  3. Rajat DesaiFebruary 3, 2015 at 8:56 PM

    Sad to see that you are only concentrated on SKM eggs, not a word about your old recommendations like Polyplex. Recently the company has sold its Turkey PET plant to Indorama, and the stock price is sliding everyday.

    There are some minority followers of you, who has invested in this script according to your earlier recommendation. I wish you consider them too, as the way SKM consider their minority share holders. At least you can give some comments regarding the recent developments in that company (leave alone weekly posts and updates as you make for SKM)

    You may not publish it, but least you should read this..!!

    ReplyDelete
    Replies
    1. VALUEPICKFebruary 3, 2015 at 9:09 PM

      Replied about Polyplex even in last 4 days . Check the comment portion below the posting of " Basics for Beginners' posted on 31.01.2015

      Delete
    2. UnknownFebruary 3, 2015 at 10:06 PM

      rajat desai vp sir replying to all of us........if question is repeat vp sir is not replying.........so avoid repeat question...i also sometimes repeat to vp sir...but not replying after that i searched vp sir blog itself...

      Delete
  4. AnonymousFebruary 3, 2015 at 9:06 PM

    Ur grt sir..i inspired by your positive way of approach n most important to hv faith others in u.

    Grt i also holding it.

    ReplyDelete
  5. RaghavFebruary 3, 2015 at 9:08 PM

    Salute to your attitude VP cheta (bhai)! Wish all the very best to SKM management as well. Hoping they reach the 500cr mark soon.


    VP ji, wish you suggest more companies like this for long term investors like me. I bought some more today. Thanks for a gem of a selection and suggestion.

    ReplyDelete
    Replies
    1. VALUEPICKFebruary 3, 2015 at 9:18 PM

      Don't be in a hurry . It is not a business to increase production on a short notice even if demand is there. That itself is the beauty of this business and this situation is a major entry barrier and big positive for existing few companies like SKM.

      Delete
  6. Ashiq mehrajFebruary 3, 2015 at 10:02 PM

    Sir please your view upon nitco ltd at present time .recommended by you .thanks

    ReplyDelete
  7. OonkasFebruary 3, 2015 at 10:15 PM

    VP Ji, Kindly share in your view regarding MPS, Vaibhav global, vinati organics, Amurtanjan health care. Can it be ventured at current price?.

    ReplyDelete
  8. skdcFebruary 3, 2015 at 10:42 PM

    Dear VP..
    Thanks a lot for the update on SKM. I am proud to hold SKM shares and its a great feelings to hear and read something good about SKM.
    I am holding HMVL, MIC and SALZER and hope their promoters, management also excel like SKM.

    ReplyDelete
    Replies
    1. VALUEPICKFebruary 5, 2015 at 8:38 PM

      Investors always dreaming multiplying money over night and one way rocket movement from the next minute of our purchase . But we should live in reality and patience is very important in successful investment .

      Delete
    2. skdcFebruary 6, 2015 at 10:21 AM

      Dear Vp. Good morning.
      You are right. Patience is the key supported by a good growth oriented business.

      Godavari Drugs is in LC today. If I get chance shall I buy at cmp or wait for result and decline?
      Secondly Sir Can I add more at cmp or wait for little more decline ?

      Thanks.

      Delete
  9. UnknownFebruary 3, 2015 at 10:58 PM

    Dear VPji,
    I wish to congratulate the SKMEGG Management for their great turned around story & then you for your Excellent attitude. All the best!
    Thanks for your updation.

    ReplyDelete
  10. AnonymousFebruary 3, 2015 at 11:06 PM

    Sir, the 2nd paragraph reminds me of V2 Retail. V2's promoter making a sincere effort to re-establish his business from the verge of collapse.

    ReplyDelete
  11. UnknownFebruary 4, 2015 at 9:51 PM

    Sir the sources for repayment will be thro operational revenue or thro borrowing from directors ?

    ReplyDelete
    Replies
    1. VALUEPICKFebruary 5, 2015 at 8:39 PM

      I think , nothing borrowed from directors to re pay .

      Delete
  12. UnknownFebruary 5, 2015 at 12:28 AM

    Sir, your views on result of nilkamal? Should I buy? at which price? Very poor result in this quater.

    ReplyDelete
    Replies
    1. VALUEPICKFebruary 5, 2015 at 8:39 PM

      Suggested to exit earlier and not tracking now.

      Delete
  13. UnknownFebruary 5, 2015 at 2:10 AM

    Sir your view on Waterbase Ltd & GMM Pfaudler Ltd

    ReplyDelete
    Replies
    1. VALUEPICKFebruary 5, 2015 at 8:40 PM

      Not tracking Waterbase , GMM is a good company but price appreciated substantially in past 6 months.

      Delete
  14. AnonymousFebruary 5, 2015 at 6:50 AM

    sir,Nath bio result not up to mark. guide us please. Babu vakkayil.

    ReplyDelete
    Replies
    1. VALUEPICKFebruary 5, 2015 at 8:41 PM

      I don't know what the mark is , but its December result out performed all other seed company's result.

      Delete
  15. tanmayFebruary 5, 2015 at 8:44 AM

    Sir,
    Your view on Gulshan Polyols Ltd

    Thanks

    ReplyDelete
  16. UnknownFebruary 5, 2015 at 9:15 AM

    Kirlosker Oil hit 20% UC due to follwing clarification given to BSE...
    "We would like to inform you that, on January 27, 2015 the Company has signed a Memorandum of Understanding (MOU) with MTU Friedrichshafen GmbH (MTU), Germany, for supply of MTU Engines, which will be used by the Company for assembling Emergency Gensets for possible future requirements of Nuclear Power Plants in India. The signing of this MOU was only for purpose of stating intent of co-operation for future business.

    As on date there is no firm order executed in this regard by the Company with MTU for supply of Emergency Gen sets to Nuclear Power Corporation of India Limited (NPCIL).

    The Company has completed execution of its order of 16 Emergency Gensets to NPCIL in Dec 2014. This order was executed over a period of 3 financial years. The MOU with MTU, holds us in good stead to execute future orders, should the opportunity arise. As such, in the Company’s view, this MOU is not price sensitive information and hence not required to be reported under Clause 36 of the Listing Agreement."

    ReplyDelete
  17. ManiFebruary 5, 2015 at 12:41 PM

    Dear Sir,

    Pls share your views on Andhra Cement.

    Regards,
    Mani

    ReplyDelete
  18. AnonymousFebruary 5, 2015 at 6:06 PM

    Dear VPji, what's ur view about PNB GILT

    ReplyDelete
  19. Neeraj PaulFebruary 5, 2015 at 6:30 PM

    Sir,
    Please share your view on forbes and company for long term.

    Thanks in advance.

    ReplyDelete
  20. AnonymousFebruary 5, 2015 at 7:16 PM

    Awww.. Common man.V2 is a box of a company.. Yo can't compare skm with v2.. V2 is in a pathetic state.. I don't think anybody has any reasons to recommend v2

    ReplyDelete
    Replies
    1. VALUEPICKFebruary 5, 2015 at 8:46 PM

      Expecting similar message about SKM , if its share price was @ its 52 week low .ie, Rs.5 .

      You are paying Rs.42 for this pathetic stock not Rs.420 . When it was not in pathetic situation few years back its price was Rs.750- 1000

      Delete
  21. Joseph VKFebruary 5, 2015 at 11:41 PM

    Sir, requesting your views on Advanta Ltd, its y-o-y net profit increased 500% this quarter. What is your view about buying it at CMP. I know it is your old recommendation. Are you still gung-ho about it ? Does it still have steam left? Your thoughts on this child of yours among your other picks :) Thanks :)

    ReplyDelete
    Replies
    1. VALUEPICKFebruary 6, 2015 at 5:52 AM

      Advanta recommended around Rs.390 when its FV was Rs.10. Now its FV splitted to Rs.2 and trading around Rs.340 , which is almost 5 times gain from the recommended price . One can still Hold it with long term view

      Delete
  22. UnknownFebruary 6, 2015 at 9:53 AM

    Sir
    Request you to please share your views Crompton greaves post results.
    Regards
    Upendra

    ReplyDelete
  23. UnknownFebruary 13, 2015 at 12:11 AM

    vp sir is it the wrong time to enter SKM? as i'm new to the market, need your advise.

    ReplyDelete
  24. AnonymousFebruary 13, 2015 at 6:49 PM

    Dear sir,lincoln pharma reported average set of number, can i hold for long term. Regards

    ReplyDelete

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