Thursday, July 2, 2015

PANTALOON FASHION & RETAIL LTD - UPDATE

Today two funds run by FRANKLIN TEMPLETON bought close to 79 lakhs shares of PFRL from PFRL's old promoters (Biyani owned cos) . This transactions accounts almost 8.5 % of the total equity of the company and the deal value is above Rs.130 Cr

34 comments :

  1. Good to see stronger Hands IN

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  2. Hats off sir really a future bluechip in making.

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  3. Sir your view on Ibre ( India bulls real estate ) plz......

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    Replies
    1. Many times indicated that ,I am not tracking any cos from Indiabulls group

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  4. What is your call on Sanghi ind and kopran from one year perspective

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    1. Nothing to suggest for time bounded investment in stocks.

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  5. Sir please share your views on SMS Pharma and Microsec Financial Services Limited.

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    1. Not tracking Microsec Fin

      SMS pharma is an already suggested stock @ Rs.240 one year back which is currently trading around Rs.600 .

      http://value-picks.blogspot.in/2014/03/sms-pharmaceuticals-ltd-buy.html

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  6. Hi VP,

    I see in your comments that Subex can be a potential turn around candidate.

    They are turning profitable from last three quarters but when we see their D/E ratio is almost 4 and the promoter holding is less than 1% which are a bit of concern. Can you please share your views on this?

    Thanks
    Sunder

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    1. Once their FCCB conversion completes , there will be no debt in its books ( except short term working capital loan) .Recentl bond holders agreed to revise conversion price to Rs.13 . I believe , conversion of these FCCB will happen anytime from now . Though there is increase in equity on conversion, company can save lot of interest ( Last year company paid Rs.61 Cr as interest alone.) .

      Actually , there is no specific promoter for subex at present . Institutional investors appointed a professional board to run this company which consists of well known names like Mr .Sanjeev Aga ( former Managing Director of Aditya Birla Nuvo) , Mr.Surjeet Singh ( former CFO of Patni Computer Systems) , Mr Anil Singhvi ( former Managing Director & CEO. of Ambuja Cements Ltd) ..etc .

      On conversion of FCCB ,the share holding of instititions are expected to increase to 50-60 % , who are really interested in the revival of this company and not the person holding negligible stake in promoter category .

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    2. VPji, Thanks for the really detailed response. Like my namesake Sunderji, even I am tracking Subex for a long time. All in all, you are saying that it is a good stock to buy for some one who can wait patiently given that they have some really good products in their portfolio.

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    3. Thanks very much VP for giving the detailed analysis on this company. My confidence is doubled now :)

      Regards,
      Sunder

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  7. Hi..
    I have about 2Lakh for investement in medium term of about 2 years. Can you suggest me few stocks for investment with medium risk.

    Regards
    Kumar

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    1. Vp , doesn't respond to personal portfolio management , if you cant do the hard work and decide on stocks then buy mutual funds.

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    2. Nothing to suggest on a personalised basis and for time bounded investment . Only you can say what kind of stock is suitable for you . Use the inputs and decide yourself.

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  8. Franklin Templeton is a very respected name among MF houses.

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  9. Hello sir, ur thoughts on polyplex corp ?

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    Replies
    1. I hope , results of company's efforts including debt reduction will help it in future.

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  10. pls advice on

    ptc india finance
    ucal fuel

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  11. hi sir wht abt nathbio is still hold ?

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  12. sir your views on south indian bank..

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  13. Sir,
    your views on ABG SHIPYARD? Please suggest.

    Anuva

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  14. Sir your views on Tanla solutions and Amulya leasing...

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  15. Sir

    Your views on Bombay Dyeing...a great brand with good managment(Same as Britania) ...And the mngmt seems to be working to reduce the debt ..overall good business ...looks like a turnaround story...What do you say ...
    Note : Reliance AMU bought 5.3 % of total outstanding shares of Bombay Dying recently

    Thanks
    Anuj

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  16. So Big Guns are also joining the race..

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  17. salute to your in depth study. Subex - i read after conversion equity will become 534 cr and turnover will remain around 400 cr. how will they serve large equity.

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  18. Hello VP sir,
    Its good to see that a reputed MF is invested in pantaloons. Sir, what is your opinion on CAIRN india at CMP.

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  19. Sir your views on 3i infotech pls?

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  20. Sir, Going thru PFRL Shareholding , it seems , Market has free float of 3.50% Shares in market , abt 32 Lakh Shares only , isn't it also a sign of building strong conviction to hold.

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  21. Respected VPsir.

    You view on Mic Electronic . Shall I enter on CMP.?

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  22. Dear Sir,
    Please let me know your views on Zensar Techno and Paushak if you track them.
    Obliged


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