The Big Bull RJ owns around 1% stake in AUROBINDO PHARMA.Seems he has made his money after doing all the due diligence of the company.This concall transcript is of last year when the company came out with FY 13 Numbers.No wonder that the stock has quadrupled over an year. On his head lies the hand of the Big Bull.
It was a ‘rare’ occasion when Rakesh Jhunjhunwala, partner in asset management <http://www.dnaindia.com/topic/management> firm Rare Enterprise, logged into the fourth-quarter earnings call of Aurobindo Pharma on Friday. The multi-billionaire investor was raring to ask the company’s top management some hard questions and pounced on the opportunity as soon as the operator unmuted his line. Here’s what followed, verbatim: * Rakesh Jhunjhunwala (RJ)*: I’d like to know how much is your net foreign currency <http://www.dnaindia.com/topic/currency> (dollar) receipts, considering you have a sale of Rs 5,800 crore, of which Rs 5,000 crore is from overseas markets. What are your expenses really like, out of this Rs 5,000 crore? *Robert Cunard (RC), CEO, Aurobindo USA*: It may be in the range of $250-300 million... I mean exports minus imports and other expenditure in the foreign currency for the year as a whole. *RJ*: Right. So what is your net foreign exchange receipts? *RC*: In the range of $250-275 million, in import expenditure. *RJ*: Import expenditure is about $300 million? *RC*: No. Net foreign receipts in dollars is in the range of $250-275 million. *RJ*: That means your gross receipts is Rs 5,000 crore, which is nearly $90 To read full article please viist *http://niftyviews.blogspot.in/2014/10/when-rakesh-jhunjhunwala-grilled.html <http://niftyviews.blogspot.in/2014/10/when-rakesh-jhunjhunwala-grilled.html>* www.Niftyviews.com:-Open/free/Unbiased *Post SEBI recent notification <http://www.sebi.gov.in/sebiweb/home/detail/26314/yes/PR-SEBI-Investment-Advisers-Regulations-2013> on investment advisory effective April21,2013 .Niftyviews.com is now being managed as an open source website were in anyone can post on the website.There are no paid services offered by the website and the same is in compliance with the new SEBI regulation. While the website and chatroom will try and limit its discussion to the A group stock on bse and fno stock on NSE.We advise utmost reader discretion while reading the posts. We cannot guarantee the genuineness of the content on the website and consulting a CHARTERED FINANCIAL ANALYST -TM before acting on any advise is recommended.Our google grouphttp://groups.google.com/group/STOCKRESEARCHER/subscribe <http://groups.google.com/group/STOCKRESEARCHER/subscribe>* -- -- NIFTYVIEWS.COM NOW A FREE OPEN SOURCE WEBSITE. http://www.niftyviews.com/ Disclaimer :- "The opinions expressed by the members on this board are based on their individual experience and perceptions and to share information with other members with the best of intentions to help fellow members in investment decisions as equity investment is a risky venture.The administrator of www.Niftyviews.com just provide a platform for the authors to express their opinion and take no guarantee for the genuineness of the same."ANY member of this forum doesnt prepare or publish any research report; or ii. provide research report; or iii. make 'buy/sell/hold' recommendation; or iv. give price target; --- You received this message because you are subscribed to the Google Groups "Niftyviews.com" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
