As markets are highly volatile, the stop loss on either side(long or short) will be hit.Small investors will be put to great loss of capital.So the best is to stay away from trading until the markets stabilize, which will throw up superb trading stocks.Until then wait and watch.Only if Fed comes out with 75 basis point cut , the markets will move up.Till then the wounded Bull's will be licking their wounds.
Levels to watch on Monday closing
Above 5950 - Bullish
Below 5600 - Very Bearish- Can move upto 5350 levels!!!
Saturday, January 19, 2008
No Recco's till 25th.Will send SMS only if trades are clearly visible
Thursday, January 17, 2008
Wednesday, January 16, 2008
Understanding REIT's-SEBI permits REIT
A Real Estate Investment Trust or REIT (pronounced /ˈriːt/) is a tax designation for a corporation investing in real estate that reduces or eliminates corporate income taxes. In return, REITs are required to distribute 90% of their income, which may be taxable in the hands of the investors. The REIT structure was designed to provide a similar structure for investment in real estate as mutual funds provide for investment in stocks.
Like other corporations, REITs can be publicly or privately held. Public REITs may be listed on public stock exchanges like shares of common stock in other firms.
REITs can be classified as equity, mortgage or hybrid.
The key statistics to look at in REIT are its NAV (Net Asset Value), AFFO (Adjusted Funds From Operations) and CAD (Cash Available for Distribution).
REITs - What are they?
REITs are companies that buy, sell, manage and develop real estate assets. Much like mutual funds do, REITs put together the investments of many individuals and institutions; and then deploy this money in real estate. So if you want a piece of the action in the real estate market, all you have to do is buy shares of a REIT. This entitles you to a share of the income generated by the REIT from its property investments.
So, how does a REIT make its money? In several ways —
Buying and selling property, thus pocketing gains from any appreciation in value
Developing commercial space
Renting and leasing commercial space, and
Financing mortgages and loans on property
In developed countries, there are REITs that specialise in one or more of these activities. Equity REITs, for instance, make their money from buying, developing or owning property. They make much of their money from the rents and lease charges that they get from their tenants; a part of their income may also come from gains made on the appreciation in property values.
Mortgage REITs are engaged exclusively in financing property deals. They derive their income from the interest earned on loans to real estate owners. Hybrid REITs, as their names suggest, may combine the two activities to generate income.
Tuesday, January 15, 2008
BUY TATAMETALIC ABOVE 200 TGT 227 SL 191,BUY ANANTRAJ SL 306, SELL BANKINDIA ABOVE 448 TGT 405 SL 456,SELL IDEA ABOVE 150 TGT 140 SL 153
Markets as predicted in my assessment last week is down only due to tussle between Ambani brothers.Buy quality reality stocks as you may not get it cheap if you do not buy now.The index may move bothways but quality stocks will go up due to REIT.so accumulate slowly in small quantities on every dip. The index will cross 22500 before budget as liquidity is unleashed by cuts in CRR and FED.so utilize the minor dips and buy/hold.
Monday, January 14, 2008
BUY SATRA PROPERTIES 2:1 BONUS SHARE TARGET 900 CUM BONUS
Will send pdf file: send your email-id and enjoy
SATRA PROPERTIES
Bse Code : 508996, SATRAPROP
RECOMMENDATION : BUY
CMP : 293 TARGET : 900 +
FACE VALUE : Rs.2/-
INCLUSIVE OF BONUS 2 SHARES FOR 1 SHARE –Record date 25th Jan 2008
Directors :
Name
Designation
Dr.Vijay N Satra
Addnl. & Ind.Director
Mrs.Minaxi P Satra
Chairman / Chair Person
Mr.Vidyadhar D Khadilkar
Independent Director
Mr.K Jawahar Mahi
Independent Director
Mr.Vinayak D Khadilkar
Independent Director
Mr.Pisupati Subrahmanyam
Independent Director
Mr.Praful N Satra
Managing Director
Mr.Rajan P Shah
Whole Time Director
Currently the core business line of the Company is the development of high end retail properties including shopping malls, commercial properties including high-rise office buildings & IT / ITES parks, & residential developments including independent group housing and other business lines such as Hotels and SEZS.
- Residential Development
1. Satra Residency, Khar, Mumbai.
An ultra luxurious residential project of the Company measuring 0.44 lacs square feet combines high end technology, design and aesthetics to meet the customer aspirations through superior standards of performance. It is located on the 14th road and is one of the tallest residential towers in Khar. The stilt plus 2 podium plus 13 story tower is replete with modern architectural design and luxury amenities, which has changed the skyline of Khar. The project offers a pent house at the top floor with a 360 degree sea view and is 95% complete. The project is likely to be completed by Quarter 2 of fiscal year 2007-08 barring unforeseen circumstances.
2. Satra City, Ghatkopar, Mumbai.
The high end luxury residential project of the Company measuring 8.99 lacs square feet combines high end technology, design and aesthetics to meet the customer aspirations through superior standards of performance. It is located at LBS Marg behind the Runwal Capital and in Ghatkopar (West). The project comprises of 6 residential towers of 22 storeys each. The hilly location will add value and aesthetics to the project. The project will add to the profitability of the Company by generating a TDR of 1.12 square feet. The project will have landscaped gardens, swimming pools, and gym as per Singapore standards. It is an SRA project. The Project is likely to be completed by Quarter 4 of fiscal year 2010-11 barring unforeseen circumstances. This project belongs to Satra Property Developers Pvt Ltd, a Wholly Owned Subsidiary of the Company.
3. Satra Sky Heights, Turner Road, Mumbai.
Satra Sky Heights is a premium residential tower located at Turner Road Bandra West. It will be a 20 storey tower with triple podium car park comprising of approximately 1.28 lacs square feet. It offers luxurious 3 & 5 BHK apartments, duplex and pent house with sea view from top floor. It offers the best amenities, capsule elevators, landscape gardens and children playing area. Intelligent planning will be the key feature of the apartments. The interiors will maximize functionality and thereby optimize the per square feet usage. Satra Sky Heights will redefine the lifestyle of the residents in consonance with the Satra vision. The project is likely to be completed by Quarter 3 of fiscal year 2009-10 barring unforeseen circumstances.
4. Juhu Residency, Juhu, Mumbai.
The high end luxury residential project of the Company measuring 1.30 lacs square feet combines high end technology, design and aesthetics to meet the customer aspirations through superior standards of performance. It is located on the first Road JVPD scheme. The stilt plus 2 podium plus 11 story tower will provide sea views on the higher floors. The project is likely to be completed by Quarter 1 of fiscal year 2009-10 barring unforeseen circumstances. The project is in joint venture with third parties.
- Retail Developments:
The modem shopping malls and retail spaces are developed under 'Dreams' brand, the 'Prime' brand, 'Galleria' brand and 'Athena' brand. The Company is now one of India's leading shopping mall developers.
The Company's Malls have a supervisor tenant profile, including established anchor tenant & multiplex operated, leading brands & a multi cuisine food court. Majority Malls offer double basement car parking.
The locations of the Company's shopping Malls, as well as the mix of retail outlets are planned based on the profile of the relevant consumer catchments areas as well as consumer preferences with the aim of attracting shoppers.
5. Dreams The mall, Bhandup (Eastern Suburb of Mumbai).
Dreams The mall, Bhandup is located one minute away from Bhandup Railway Station. It is having a frontage of approximately 1,400 feet on LBS Marg and station road. It will be one of the Mumbai's Biggest Malls with built up area of approximately 11.05 lacs square feet and plinth area of approximately 2.50 lacs square feet. The Project, when complete, will consist of retail mall with multiplex, food court and amusement park with 650 car parking space at the basement level. Project is likely to be completed by Quarter 4 of fiscal year 2007-08 barring unforeseen circumstances. The project is in joint development with third parties. This project belongs to Satra Property Developers Pvt Ltd, a Wholly Owned Subsidiary of the Company.
6. Dreams The Mall, Borivali (Western Suburb of Mumbai).
Dreams The mall, Borivali is located in the heart of Borivali, half a km away from Borivali railway station and off S V Road. It has a frontage of approximately 600 feet on the road side. Three sides of the mall are accessible from various important roads. It will be one of Borivalis biggest mall with a built up area of approximately 3.15 lacs square feet and plinth area of approximately 1.05 lacs square feet. The retail mall will consist of all the modern facilities, with 300 car parking space at the basement level. The mall will have a Multiplex Cinema subject to approvals. The project is likely to be completed by Quarter 4 of fiscal year 2007-08 barring unforeseen circumstances. The project is in joint venture with third parties.
7. Dreams The mall , Palm Beach Marg, Vashi (In Navi Mumbai).
Dreams The mall, Vashi is located on the premium Palm Beach Marg, Vashi, Navi Mumbai and only 2 Km away from Vashi Railway station. Palm beach road is an up market location of Navi Mumbai; comparable to Marine Drive of Mumbai. It is having a frontage of approximately 650 feet on Palm Beach Road. It will be one of the Vashi's biggest mall with built up area of approximately 5.73 lacs square feet and plinth area of approximately 1.65 lacs square feet. The retail mall will consist of all the modern facilities, with 700 car parking space at the basement level. The mall will have a Multiplex Cinema subject to approvals. The project is likely to be completed by Quarter 3 of fiscal year 2009-10 barring unforeseen circumstances. This Project belongs to Om Housing Company Pvt Ltd, a Company proposed to be Amalgamated with the Company.
8. Prime Mall Downtown, Hughes Road, South Mumbai.
Prime Mall Downtown is enviably located at Hughes Road in the heart of South Mumbai very near to Chowpatty sea face. It will be one of the biggest mall in South Mumbai with built up area of approximately 3.35 lacs square feet and plinth area of approximately 0.75 lacs square feet. The retail mall will consist of all the modern facilities, with 200 car parking space at the basement level. The mall will have a Multiplex Cinema subject to approvals. The project is likely to be completed by Quarter 2 of fiscal year 2009-10 barring unforeseen circumstances. The project is in joint venture with third parties.
9. Dreams The mall Cailcut, Kerala.
Dreams The mall Calicut is situated at the centre of Mavoor Road, the main shopping street of Calicut and diagonally opposite to the private bus depot in the heart of Calicut. It will be one of the biggest malls in Calicut with a built up area of approximately 1.20 lacs square feet. It will consist of retail mall with multiplex having all the modem facilities with 60 car parking space at the basement level. Dreams The Mall Calicut is the only mall to have permission of Multiplex Cinema in entire Kerala. The project is likely to be completed by Quarter 4 of fiscal year 2008-09 barring unforeseen circumstances.
10. Dreams The mall, Jodhpur, Rajasthan.
Dreams The mall Jodhpur is located at Nayi Sarak, the prime shopping ,street in the heart of Jodhpur. It is having a frontage of approximately 200 feet on Nayi Sarak. It will be one of the Jodhpur's biggest mall with built up area of approximately 1.03 lacs square feet. It will consist of retail mall having all the modern facilities with approximately 80 car parking space at the basement level. The mall will have a Multiplex Cinema subject to approvals. The project is likely to be completed by Quarter 4 of fiscal year 2008-09 barring unforeseen circumstances.
11. Dreams The mall, Malad, Mumbai
Dreams The mall Malad is situated on the main S V Road, in the close vicinity of InOrbit Mall at Linking road and only 2 km away from Goregaon Railway Station Mumbai. It will be one of the finest mall in Malad with a built up area of approximately 2.71 lacs square feet. It will consist of retail mall with all the modern facilities with 300 car parking space at the basement level. The mall will have a Multiplex Cinema subject to approvals. The project is likely to be completed by Quarter 3 of fiscal year 2009-10 barring unforeseen circumstances. It is in joint venture with third parties.
- Commercial developments:
Satra commercial real estate business division plan, develops and constructs high rise office blocks & IT / ITES parks, mainly within the commercial areas of the city.
12. Satra Corporate Park, Kalina, Mumbai.
The Satra Corporate Park is one of the Company's prestigious commercial project located in Santacruz over looking the airport. The project comprises of ultra modern office complex furnished with amenities suitable for high end corporate clients. The project has close proximity to the upcoming financial hub of Mumbai of BKC where many corporate offices of reputed companies are situated. The project is likely to be completed by Quarter 3 of fiscal year 2009-10 barring unforeseen circumstances. This 2.74 lacs square feet project epitomizes the Satra standards.
13. Satra Corporate Office Complex, Palm Beach Marg, Vashi, Navi Mumbai
The Satra Corporate Office Complex is situated on the Palm Beach Marg, Vashi, Navi Mumbai. Located 2 km from Vashi Railway station and close to the APMC market, the office complex is a combination of retail mall & commercial plaza. The complex is surrounded by two retail mails & a star hotel. On completion, it will be an unique corporate office complex in the area. Our office complex will be having built up area of approx. 2.67 lacs square feet. The project is likely to be completed by Quarter 3 of fiscal year 2009-10 barring unforeseen circumstances.
Note: Bandra Kurla area rentals range between Rs450/- to Rs500/- per square feet – Source The Business Line Dated January 12th ,2008
14. Satra Athena, Bandra Kurla Complex, Mumbai.
The Satra Athena is one of the Company's prestigious commercial project located in the heart of Bandra Kurla Complex and 12 km away from the international airport. The project comprises of premium office blocks furnished with amenities suitable for high end corporate clients. The area is upcoming financial hub of Mumbai where many corporate offices of reputed companies are situated. The project is likely to be completed by Quarter 4 of fiscal year 2009-10 barring unforeseen circumstances. This 3.24 lacs square feet project is developed in joint venture with third parties.
15. Satra Central Square, Bandra Kurla Complex, Mumbai.
The Satra Central Square is one of the Company's prestigious commercial project located in the heart of Bandra Kurla Complex and 12 km away from the international airport. The project comprises of premium office blocks furnished with amenities suitable for high end corporate clients. This 4.55 lacs square feet project will also generate TDR of 1.59 lacs square feet. The area is upcoming financial hub of Mumbai where many corporate offices of reputed companies are situated. The project is likely to be completed by Quarter 3 of fiscal year 2011-12 barring unforeseen circumstances. This project belongs to Satra Property Developers Pvt Ltd, a Wholly Owned Subsidiary of the Company.
- Township:
16. Satra Springs, Khopoli, Maharashtra.
Satra Springs is a 68 acre lay out on the old Bombay-Pune highway offers a frontage of approximately 1 Km with a fresh water spring of Pavna Dam flowing through it The land for the project has already been acquired. The project will include v which will be designed around the natural water spring and will be fashioned as lagoon villas. The frontage on Bombay Pune Highway will add value to its proposed retail mall. The layout will also comprises school, temple, community hospital, and public amenities and supporting infrastructures. Satra Springs will boast a 9-hole golf course with apartments fashioned around the area. The project is in joint venture with third parties. The project is likely to be completed by Quarter 4 of fiscal year 2011-12 barring unforeseen circumstances.
- Hotel Projects:
17. Five Star Hotel, Cochin, Kerala
The Company's proposed five star hotel at Cochin is situated on Bolgatty Island. The island is surrounded by sea water on three sides. A heritage five star hotel namely Bolgatty Palace is situated on the same island. Cochin is the main business city of Kerala and a major tourist attraction for Indian residents & foreigners. There is a very good demand for hospitality industry in the city of Cochin .On completion, it will be one of the landmark five star hotel in the said area. The Company's proposed five star hotel is subject to approvals from the concerned government department. The hotel will have a built up area of approximately 1.63 lacs square feet. The project is likely to be completed by Quarter of fiscal year 2009-10 barring unforeseen circumstances.
18. Three Star Hotel, Cailcut, Kerala
The Company's proposed three star hotel at Calicut is situated in the heart of Mavoor Road, the busiest shopping street in Calicut. Calicut is the major business city of Malabar region, in the state of Kerala. Tourists stay in the region and visit surrounding small villages for shopping. Therefore, the place commands a premium. On completion, it will be one of the landmark five star hotel in the said area. The Company's proposed three star hotel is subject to approvals from the concerned government department. The hotel will have a built up area of approximately 1.15 lacs square feet The project is likely to be completed by Quarter 4 of fiscal year 2008-09 barring unforeseen circumstances.
(Rs in Cr.)
Mar ' 07
Mar ' 06
Mar ' 05
Mar ' 04
Mar ' 03
Income :
Operating Income
66.19
21.93
0.36
0.11
0.13
Expenses
Material Consumed
0.00
-20.31
0.00
0.00
0.00
Manufacturing Expenses
53.57
38.57
0.00
0.00
0.00
Personnel Expenses
0.29
0.03
0.01
0.01
0.00
Selling Expenses
0.51
0.03
0.00
0.00
0.00
Administrative Expenses
1.67
0.07
1.91
0.09
0.08
Expenses Capitalized
0.00
0.00
0.00
0.00
0.00
Cost Of Sales
56.03
18.39
1.92
0.10
0.08
Operating Profit
10.16
3.54
-1.56
0.00
0.05
Other Recurring Income
0.02
0.01
0.08
0.00
0.00
Adjusted PBDIT
10.17
3.55
-1.49
0.00
0.05
Financial Expenses
0.29
0.00
0.00
0.00
0.00
Depreciation
0.29
0.00
0.00
0.00
0.00
Other Write offs
0.04
0.03
0.00
0.00
0.00
Adjusted PBT
9.55
3.52
-1.49
0.00
0.05
Tax Charges
3.48
1.26
0.00
0.00
0.00
Adjusted PAT
6.08
2.27
-1.49
0.00
0.05
Non Recurring Items
0.23
0.00
-0.26
0.00
0.00
Other Non Cash adjustments
-0.08
0.04
1.83
0.00
0.00
Reported Net Profit
6.22
2.29
0.12
0.00
0.05
Earnings Before Appropriation
7.32
2.09
-0.21
-0.29
0.05
Equity Dividend
0.84
0.69
0.00
0.00
0.00
Preference Dividend
0.00
0.00
0.00
0.00
0.00
Dividend Tax
0.12
0.07
0.00
0.00
0.00
Retained Earnings
6.36
1.34
-0.21
-0.29
0.05
SHAREHOLDING PATTERN-See Insider buying from 30/6/2007 to 30/9/2007 where float has come down from 30.17% to just 7.35%
Share Holding Pattern as on :
30/09/2007
30/06/2007
31/03/2007
Face Value
2.00
2.00
10.00
No. Of Shares
% Holding
No. Of Shares
% Holding
No. Of Shares
% Holding
PROMOTER'S HOLDING
Indian Promoters
46561250
89.91
1873800
64.20
1873800
64.20
Sub Total
46561250
89.91
1873800
64.20
1873800
64.20
Other Investors
Private Corporate Bodies
731296
1.41
156382
5.36
184590
6.32
NRI's/OCB's/Foreign Others
267
0.00
75
0.00
25
0.00
Government
544549
1.05
0
0.00
0
0.00
Others
140351
0.27
7771
0.27
1690
0.06
Sub Total
1416463
2.74
164228
5.63
186305
6.38
General Public
3808287
7.35
880722
30.17
858645
29.42
GRAND TOTAL
51786000
100.00
2918750
100.00
2918750
100.00
IMPORTANT DISCLAIMER:THESE RESULTS ARE BASED ON SIMULATED OR HYPOTHETICAL PERFORMANCE RESULTS THAT HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE THE RESULTS SHOWN IN AN ACTUAL PERFORMANCE RECORD, THESE RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THESE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THESE RESULTS MAY HAVE UNDER-OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED OR HYPOTHETICAL TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THESE BEING SHOWN. THE TESTIMONIAL MAY NOT BE REPRESENTATIVE OF THE EXPERIENCE OF OTHER CLIENTS AND THE TESTIMONIAL IS NO GUARANTEE OF FUTURE PERFORMANCE OR SUCCESS. THE AUTHOR BASICALLY BEING A TRADER MAY HAVE POSITIONS IN VARIOUS STOCKS RECOMMENDED
Sunday, January 13, 2008
World Stock Markets- News all need to know
David Fuller (Fullermoney): China’s and India’s stock markets attractive for long term“I have often referred to China and India as the king and queen of emerging markets, for their current and especially long-term growth potential. China’s A-Share valuations, which the government has gently deflated somewhat since the peak, reflect not only earnings growth but also China’s high savings rate and very limited access to other stock markets. India’s appeal is also earnings growth, which is currently seen as more secure since exports account for only 15% of GDP. In theory, the Indian economy is less susceptible to the US economic slowdown.
“My view is that China’s and India’s stock markets will inevitably be volatile from time to, for all the usual reasons, but remain extremely attractive for the long term. I have no intention of reducing my holdings in these markets but have often said that I prefer to buy following setbacks. Currently, of the two this only applies to China.”
Source: David Fuller, Fullermoney, January 10, 2008.
Asha Bangalore (Northern Trust): FOMC is ready to ease monetary policy 50 basis points“Chairman Bernanke was crystal clear about the near term direction of monetary policy when he concluded his remarks with the following: ‘However, in light of recent changes in the outlook for and the risks to growth, additional policy easing may well be necessary. The Committee will, of course, be carefully evaluating incoming information bearing on the economic outlook. Based on that evaluation, and consistent with our dual mandate, we stand ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks.’
“These transparent comments have raised the probability of a 50 bps cut in the federal funds on January 30 to a nearly certain situation and movements in the federal funds futures market reflect this scenario.”
Source: Asha Bangalore, Northern Trust – Daily Global Commentary, January 10, 2008
Ambrose Evans-Pritchard (Telegraph): Bush convenes Plunge Protection Team“Bears beware. The New Deal of 2008 is in the works. The US Treasury is about to shower households with rebate cheques to head off a full-blown slump, and save the Bush presidency. On Friday, Mr Bush convened the so-called Plunge Protection Team for its first known meeting in the Oval Office. The black arts unit – officially the President’s Working Group on Financial Markets – was created after the 1987 crash.
“It appears to have powers to support the markets in a crisis with a host of instruments, mostly by through buying futures contracts on the stock indexes and key credit levers. And it has the means to fry ‘short’ traders in the hottest of oils.
“The team is led by Treasury chief Hank Paulson, ex-Goldman Sachs, a man with a nose for market psychology, and includes Fed chairman Ben Bernanke and the key exchange regulators.
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