At last some people have realized the value of DIMO.

hariesha · 1 At last some people have realized the value of DIMO. Fri Oct 28, 2011 10:05 am

hariesha

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Some one is buying in to the big block at 1300/-. 6,600 shares done. Highest qty in recent time.

hariesha

hariesha

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I couldn't mention. DIMO has revalued their properties, and NAV has gone up to Rs.721.11 from Rs.532.21. PBV is now 1.8.

Slstock

Slstock

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Argument was that DIMO is a high cost share and people don;t have money to buy as 100 shares is over Rs 130000. Okay maybe.

But some crap share went to Rs3000- 10000 and some people had money to buy those. Amazing how those people still dont; se value in this.

smallville

smallville

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Audited Year ended 31-03-2011 EPS - 239.03 (Qtr 31-03-11 EPS - 76.34)
Qtr 30-06-11 EPS - 71.70
Qtr 31-09-11 EPS - 103.76

A final dividend of Rs.51.00 (cash dividend of Rs.23.10 and a Scrip dividend of Rs.27.90) was paid on 09th June 2011.
DIMO had paid a Scrip dividend of one share for every existing fifty shares ( 1:50 ) which resulted in an issue of 174,048 new ordinary shares at Rs.1,395/ per share. Accordingly the Stated capital of the Company increased from Rs.182.5mn to Rs.425.3mn.

The Contingent Liabilities as at 30th June 2011,on guarantees given by the Company in respect of bid bonds,performance bonds and advance payments amounted to Rs.709.7mn. (Rs.672.3 mn as at 31st March 2011).

Capital expenditure contracted by the company for which provision has not been made in the accounts amounts to Rs. 109.6 mn. (Rs.123.4mn as at 31st March 2011)

as of 31-09-11;
Trade and other receivables = 2,901,121,000
Cash and cash equivalents = 2,305,644,000

Total current assets = 9,652,808,000
Total current liabilities = 6,595,097,000
Total Equity = 6,436,357,000
No. of Shares = 8,876,437

NAV = 725.1

PUBLIC HOLDING % = 47.05% & EPF has increased its holding from 10% to 12.57% by 30-06-11.

2 Qtrs EPS = 175.46 trailing from 63.57 EPS than last year EPS.. So with another 2 Qtrs to go Annual EPS of 300 seems to be a reality as it only needs 125 more..

Assuming DIMO's annual EPS is reach 300 by 31-03-2011 and Motor Sector PE is 6 now, isn't this worth at least 1800/-?

Rajitha

Rajitha

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Well When things started going south I only kept 3 shares without selling ( wrong decision in hindsight ) and DIMO was one! I even recommended people I knew to buy this and ALLI! ( well at least ALLI gave some good return) I knew with the the new Nano sales this will really post comparable results to the Merc sales at previous quarters after tax cut!

Anyway i really think if they go for a 10- for 1 split we can get the share price past Rs 200! If not anyway I'm will be happy holding this than selling as its dividend alone is great for it to be a good investment!

tj

tj

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@smallville

Isnt PE of 6 too low for motor sector? CSE site says sector PE 18.4. If I am not mistaken i think UML PE also more than 8. I believe with @ least 8 PE the share worth around 2,400/-. today also we witnessed continuous selling @ 1300 to hold the share @ 1300. Few days back it was @1200. However due to strong buying pressure who ever that was selling had to with draw.
This is what i think based on my understanding of the market. Do ur studies before trading.
Thx
TJ

Fresher

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someone please explain the shareholding according to the reports.
im confused or missing something here.
Directors' holdings and public holding figures seem contradictory

smallville

smallville

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tj wrote:@smallville

Isnt PE of 6 too low for motor sector? CSE site says sector PE 18.4. If I am not mistaken i think UML PE also more than 8. I believe with @ least 8 PE the share worth around 2,400/-. today also we witnessed continuous selling @ 1300 to hold the share @ 1300. Few days back it was @1200. However due to strong buying pressure who ever that was selling had to with draw.
This is what i think based on my understanding of the market. Do ur studies before trading.
Thx
TJ

I said, "assuming" Wink

so that I took a very low value to be in safe side.. it was 10 last time I knew.. may have come down if earnings have fallen and due to market activities at least 9 should be a justifiable guess I think Wink

Slstock

Slstock

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npp wrote:someone please explain the shareholding according to the reports.
im confused or missing something here.
Directors' holdings and public holding figures seem contradictory

NPP where is the confusion. It seems rather accurate to me.

Fresher

Fresher

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slstock wrote:

npp wrote:someone please explain the shareholding according to the reports.
im confused or missing something here.
Directors' holdings and public holding figures seem contradictory

NPP where is the confusion. It seems rather accurate to me.

sorry but then I realised that Directors' shareholding was inclusive of spouse
Mr. A.R. Pandithage had different figures in the Top20 list and Directors' list (so were others)
my bad Smile

anyway so the top S/H is not the EPF but the Pandithages

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At last some people have realized the value of DIMO.

1 At last some people have realized the value of DIMO. Fri Oct 28, 2011 10:05 am

hariesha

2 Re: At last some people have realized the value of DIMO. Fri Oct 28, 2011 10:10 am

hariesha

3 Re: At last some people have realized the value of DIMO. Fri Oct 28, 2011 10:30 am

Slstock

4 Re: At last some people have realized the value of DIMO. Fri Oct 28, 2011 5:44 pm

smallville

5 Re: At last some people have realized the value of DIMO. Fri Oct 28, 2011 6:22 pm

Rajitha

6 Re: At last some people have realized the value of DIMO. Fri Oct 28, 2011 11:03 pm

tj

7 Re: At last some people have realized the value of DIMO. Sat Oct 29, 2011 10:08 am

Fresher

8 Re: At last some people have realized the value of DIMO. Sat Oct 29, 2011 12:04 pm

smallville

9 Re: At last some people have realized the value of DIMO. Sat Oct 29, 2011 12:20 pm

Slstock

10 Re: At last some people have realized the value of DIMO. Sat Oct 29, 2011 12:31 pm

Fresher

11 Re: At last some people have realized the value of DIMO.

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