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  #1  
Old 6th July 2010, 10:46 AM
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Default Satluj Jal Vidyut Nigam (SJVN)



Satluj Jal Vidyut Nigam (SJVN) will announce its FY 2010 results today.

The board meeting is scheduled for today and a small dividend may also be declared.

I intend to sell my IPO shares after the results are declared.
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Old 6th July 2010, 05:44 PM
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The shares at current price cum dividend quotes at PE of just 10 based on past years performance, I think it should be a strong buy rather than a sell.
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Old 6th July 2010, 07:16 PM
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Last Monday's Economic Times supplement, Investor's Guide, had a main story on why a low P/E stock is not necessarily a good investment.

It maybe worth a read for those who aren't yet invested in SJVN.

Here's the link.
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Old 27th July 2010, 01:09 AM
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I feel that its low P/E is because almost all revenue comes from 1/2 projects. I may be wrong since I haven't revisited it after its IPO.

Moreover, hydro power plant commissioning is a very slow process.

PS: I do not hold the stock.
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Old 5th July 2017, 04:52 PM
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Quote:
Originally Posted by Alchemist View Post
Satluj Jal Vidyut Nigam (SJVN) will announce its FY 2010 results today.

The board meeting is scheduled for today and a small dividend may also be declared.

I intend to sell my IPO shares after the results are declared.
What's the reason for sudden jump in dividend of SJVN ?

The Economic Times

Dividend shot up from INR 1.1 (0.63+0.47) to INR 2.75 (2.25+.5)

For a share price of 32.5 the dividend yield comes out to be 8.5%

Is it sustainable ?

Appears juicy as it better than FD as dividend is tax free.
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Old 5th July 2017, 04:57 PM
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Originally Posted by Atiker View Post
Appears juicy as it better than FD as dividend is tax free.
What's the catch ?

Shouldn't it be re-rated ?

At a IPO price of 24.7, its a humongous 11.3% dividend.

Institutional Investors/ Pension funds would be happy to hold it.
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Old 5th July 2017, 07:03 PM
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Quote:
Originally Posted by Atiker View Post
What's the catch ?

Shouldn't it be re-rated ?

At a IPO price of 24.7, its a humongous 11.3% dividend.

Institutional Investors/ Pension funds would be happy to hold it.
I'm unable to find FY 2017 annual report. Maybe it is still not out.

SJVNL's income statement often has one time incomes and one time expenses and thus it is difficult to comment on sustainability of its high dividend.

The top line is growing slowly.

The payout ratio was very high last year - a dividend of Rs 2.75 from a standalone eps of 3.73. I doubt such a high payout can be sustained in the long-term.

If I can get the annual report, I will be in a better position to comment on this stock.

Coal India is also trading with a dividend yield of 8%+. The stock is going down every week. It's dividend is not sustainable for sure.
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Old 6th July 2017, 04:12 PM
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Quote:
Originally Posted by Alchemist View Post
If I can get the annual report, I will be in a better position to comment on this stock.

Coal India is also trading with a dividend yield of 8%+. The stock is going down every week. It's dividend is not sustainable for sure.
Audited Financial results are here - Quarterly/ Current Year Result | Financial Performances | Investor Relations | SJVN Limited

Guess annual report is yet not out.

What's wrong with Coal India? It has crashed way badly.
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