I feel L&T should only be bought if it goes below 500. They now have a minimum unrealized loss of 500 Cr in SATYAM stakes.
L&T is basically an Infra company. When the economy is slowing investments into Infra should take a hit and there by their order books into future. They have contracts with CAIRN on a heating oil pipeline which is not going as they would haev expected it to. There are problems with execution of lot of project because of the trouble that other consortium partners aer facing . (Esp Cash crunch) *Lets not go gung - ho just because it hits a 52 week low. Why do you want to catch a falling knife. Let it fall on the floor (which I expected to be below Rs 500) and then we can pick it up.* Cheers Navin NS Capital On Fri, Jan 23, 2009 at 7:41 AM, ekam ber <[email protected]> wrote: > dear everyone > > Is this the right time to start looking for picking up this stock for long > time investment or do we get still better price levels to enter into the > stock? > > My view on every dip of 5% from hereon we can add atlest of the 20% of the > allocated money for the purchase of the share can be used to buy > > views of the other members are most welcome > > *L**&T stock hits 52-week low * > > ** > > ** > > ** > *'Markets have taken efforts to acquire Satyam negatively'. * > > > *S. Shanker Sharvari Patwa * > > Mumbai, Jan. 22 Even as Larsen and Toubro appear keen on being a suitor for > the beleaguered Satyam Computer Services, the L&T stock on Thursday touched > its 52-week low of Rs 652 on the BSE, before closing 3.3 per cent lower over > the previous close at Rs 663.90. > > L&T Capital, a subsidiary of L&T, raised its stake in Satyam to about 3.95 > per cent, a little before Satyam's founder-Chairman, Mr Ramalinga Raju, made > his disclosure. > > "Fundamentally L&T is very strong, considering they had given higher > advance tax payments this quarter, but the markets have taken its efforts to > acquire Satyam negatively," said Mr Waqar Naqvi, CEO, Tarus Mutual Fund. > > Analysts estimate the average acquisition price to be around Rs 157, which > takes the estimated buying value to about Rs 418 crore. > > They view the event in negative light as it has already led to a > substantial portfolio loss at the prevailing price of Satyam. > > There are uncertainties and issues of corporate governance concerning > Satyam. Given the lack of authenticity of Satyam's financials it would > become extremely difficult to put a value on the company. > > Satyam is likely to face more litigation such as the US class action > lawsuit and the acquirer might have to face additional liability of unpaid > litigations in addition to the company being under the scanner of various > government agencies. Pending emergence of greater clarity, a strategic > take-over of Satyam was not right and it would adversely affect the > sentiment towards the L&T stock, they said. > > In addition, Motilal Oswal researchers said while there had been no > meaningful delays till date for L&T, they believe that the probability of > execution challenges for segments such as metals/minerals (8-9 per cent of > order book), airports (9-11 per cent of order book) and real estate (6 per > cent of order book) had increased. > Green-field projects > > Most green-field projects were likely to be postponed given poor demand > conditions and funding constraints. Airport projects, comprising Mumbai and > Delhi airports were facing issues such as delay in achieving financial > closure and in monetisation of real estate, besides decline in passenger > traffic growth. > http://www.thehindubusinessline.com/2009/01/23/stories/2009012351151000.htm > > ekamber > > > > > > > -- ______________________ Navin NS Capital Partners --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
<<inline: 2009012351151001.jpg>>
