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Predict TJL Right issue can be come...

2 posters

Go down  Message [Page 1 of 1]

1 Predict TJL Right issue can be come... Empty Predict TJL Right issue can be come... Fri Feb 13, 2015 3:13 am

ddrperera


Vice President - Equity Analytics
Vice President - Equity Analytics

tjl have good cash position. but their cash position is not enough to acquire those two companies. tjl ipo also came to raise their capital to 1.2 Bn acquire ocean india company..then we can expect right issue like kapi,jkh to raise additional fund.....this time acquire two company..predict right issue...due to increased levels of investment and working capital the net cash balance was 29% less compared with the same period 2013 year. in this situation most probably they want to go for right issue....out of 1/3 profits distribute to declare dividends..

this stage current price 24 P/E 13.63 PBV 2.34 bit over value....2013 9 months period ended results passed only 2%.still tight race tjl can or cannot pass 1.76 EPS..(previous year results.)

kalu000


Stock Trader

No way. They have enough cash to cover both deals.
They haven't use their IPO money yet.
TJL has one of the best management team. They will do with a long term view & benefit to the shareholders.
Wait n see the today's run.

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