E-Investing India - Online Community for Investors and Traders  

Go Back   E-Investing India - Online Community for Investors and Traders > Stock Markets > Individual Stocks
Read All Rules Contact Site Administrator

Individual Stocks Discussion Forum for Individual Stocks. If you have query/suggestion on more than one stock, which are UNRELATED TO EACH OTHER, USE SEPARATE THREADS.

Reply
 
Thread Tools Display Modes
  #1  
Old 31st January 2011, 09:36 AM
Administrator
 
Join Date: Sep 2006
Posts: 10,938
Rep Power: 7497
Alchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond repute
Default MOIL (Manganese Ore India Limited)



MOIL (Manganese Ore India Limited) is down to 394.

The IPO was price was Rs 375.

If the price comes to somewhere around 380, I will buy for a short-term bounce.

Any comments?
Reply With Quote
  #2  
Old 31st January 2011, 10:00 AM
Senior Member
 
Join Date: Nov 2007
Posts: 1,065
Rep Power: 758
sudhashbahu has a reputation beyond reputesudhashbahu has a reputation beyond reputesudhashbahu has a reputation beyond reputesudhashbahu has a reputation beyond reputesudhashbahu has a reputation beyond reputesudhashbahu has a reputation beyond reputesudhashbahu has a reputation beyond reputesudhashbahu has a reputation beyond reputesudhashbahu has a reputation beyond reputesudhashbahu has a reputation beyond reputesudhashbahu has a reputation beyond repute
Post

Alchemist,

Why are you risking investing for a short-term bounce in a market that is exhibiting serious signs of weakness?
Reply With Quote
  #3  
Old 31st January 2011, 10:13 AM
Regular Member
 
Join Date: Nov 2007
Posts: 295
Rep Power: 209
nitinku5021a has a reputation beyond reputenitinku5021a has a reputation beyond reputenitinku5021a has a reputation beyond reputenitinku5021a has a reputation beyond reputenitinku5021a has a reputation beyond reputenitinku5021a has a reputation beyond reputenitinku5021a has a reputation beyond reputenitinku5021a has a reputation beyond reputenitinku5021a has a reputation beyond reputenitinku5021a has a reputation beyond reputenitinku5021a has a reputation beyond repute
Default

Will be high risk bet !! Even if the bounce happens, the probability of making profit will be low.
Reply With Quote
  #4  
Old 31st January 2011, 10:14 AM
Administrator
 
Join Date: Sep 2006
Posts: 10,938
Rep Power: 7497
Alchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond repute
Default

Quote:
Originally Posted by sudhashbahu View Post
Alchemist,

Why are you risking investing for a short-term bounce in a market that is exhibiting serious signs of weakness?
I have observed that IPOs that were heavily subscribed, usually bounce back from their IPO price.

(The bounce is not always a long-term bottom for the stock).

Anyway, MOIL is not an expensive stock.
Reply With Quote
  #5  
Old 31st January 2011, 07:57 PM
Junior Member
 
Join Date: Jan 2011
Posts: 15
Rep Power: 8
Coolcat1000 is on a distinguished road
Default

True it was heavily subscribed but it witnessed a heavy bout of selling on listing. Mining sector is best avoided as there are too many hurdles.Best to stay away from MOIL.No near term trigger for it.

Quote:
Originally Posted by Alchemist View Post
I have observed that IPOs that were heavily subscribed, usually bounce back from their IPO price.

(The bounce is not always a long-term bottom for the stock).

Anyway, MOIL is not an expensive stock.
Reply With Quote
  #6  
Old 31st January 2011, 11:29 PM
Senior Member
 
Join Date: Jul 2010
Posts: 1,850
Rep Power: 4706
magnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond repute
Default

Quote:
Originally Posted by Alchemist View Post
MOIL (Manganese Ore India Limited) is down to 394.

The IPO was price was Rs 375.

If the price comes to somewhere around 380, I will buy for a short-term bounce.

Any comments?
For short term I don't think its attractive.

Better invest in biggies like HDFC, l&t and others which sees fall with market. And once market recovers they also jump big. Also money too will remain safe I feel in this market .
Reply With Quote
  #7  
Old 14th March 2011, 01:08 PM
San Yad's Avatar
Senior Member
 
Join Date: Apr 2008
Posts: 1,697
Rep Power: 1123
San Yad has a reputation beyond reputeSan Yad has a reputation beyond reputeSan Yad has a reputation beyond reputeSan Yad has a reputation beyond reputeSan Yad has a reputation beyond reputeSan Yad has a reputation beyond reputeSan Yad has a reputation beyond reputeSan Yad has a reputation beyond reputeSan Yad has a reputation beyond reputeSan Yad has a reputation beyond reputeSan Yad has a reputation beyond repute
Default

Quote:
Originally Posted by Alchemist View Post

If the price comes to somewhere around 380, I will buy for a short-term bounce.

Any comments?
MOIL is around your target price Rs. 380.

Are you looking to buy? or you downgraded it to lower price?

Happy Investing!
Reply With Quote
  #8  
Old 14th March 2011, 06:02 PM
Administrator
 
Join Date: Sep 2006
Posts: 10,938
Rep Power: 7497
Alchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond repute
Default

Quote:
Originally Posted by San Yad View Post
MOIL is around your target price Rs. 380.

Are you looking to buy? or you downgraded it to lower price?

Happy Investing!
The stock didn't go all the way to 380, but bounced back from around 385 to 420+ levels.

(On NSE, the stock did trade below 380 for a few seconds on 11th February).

The bounce that I was looking for, is already over.

I am not very sure about the fundamentals and so won't comment about the valuations of the stock.

At the time of the IPO, the stock did seem attractive, but I guess steel and other metals are correcting a bit now.
Reply With Quote
  #9  
Old 12th May 2011, 01:57 PM
Member
 
Join Date: Jun 2009
Location: Noida
Posts: 114
Rep Power: 85
rakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant future
Send a message via Yahoo to rakeshranjan.scs
Default

What's wrong with this sarkari company?

Close to IPO price (offered to retail investors).
Reply With Quote
  #10  
Old 12th May 2011, 06:56 PM
Senior Member
 
Join Date: Jul 2010
Posts: 1,850
Rep Power: 4706
magnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond repute
Default

MOIL to do good depends on steel sector. And steel sector is facing pressure as RIL have stopped giving gas to them. Chain reaction.
Reply With Quote
  #11  
Old 17th June 2011, 12:19 PM
Junior Member
 
Join Date: Dec 2010
Location: Bangalore
Posts: 26
Rep Power: 7
Opportunist is on a distinguished road
Default Moil

MOIL has reached 340 levels, way below the IPO price. Any idea why the so called "Fundamentally very strong" stock during IPO is continuously on the decline?

As far as their recent results were concerned, I think they posted a decent profit and also announced a dividend of Rs.4.50 a share.
Reply With Quote
  #12  
Old 19th June 2011, 08:31 PM
Senior Member
 
Join Date: Jul 2010
Posts: 1,850
Rep Power: 4706
magnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond repute
Default

Quote:
Originally Posted by Opportunist View Post
MOIL has reached 340 levels, way below the IPO price. Any idea why the so called "Fundamentally very strong" stock during IPO is continuously on the decline?

As far as their recent results were concerned, I think they posted a decent profit and also announced a dividend of Rs.4.50 a share.
Metals like steel are weak and the basic raw material manganese too will have low demand. Unless cycle changes. Company does have monopoly. If for long term you want to invest go ahead.

But don't expect a coal India out of it unless steel demands improve.
Reply With Quote
  #13  
Old 12th October 2011, 06:01 PM
Regular Member
 
Join Date: Dec 2007
Posts: 258
Rep Power: 774
jatanr has a reputation beyond reputejatanr has a reputation beyond reputejatanr has a reputation beyond reputejatanr has a reputation beyond reputejatanr has a reputation beyond reputejatanr has a reputation beyond reputejatanr has a reputation beyond reputejatanr has a reputation beyond reputejatanr has a reputation beyond reputejatanr has a reputation beyond reputejatanr has a reputation beyond repute
Default

This keeps getting hammered. It has reached 260. Any reason why?
Reply With Quote
  #14  
Old 12th October 2011, 09:41 PM
Senior Member
 
Join Date: Nov 2007
Posts: 1,793
Rep Power: 1066
man4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond repute
Default

It is a cyclical stock. Fortunes of this company are tied with steel prices. As steel prices are crashing so is the stock along with steel stocks.

If you read annual report, world wide steel prod grew by 16% and in India by 6% whereas manganese production by 33% worldwide and 26% India. This over dumping of manganese prod has crashed the prices for manganese.

What is impact of this on moil?

Well the NPM is currently at 51% which might drop to 32% OR lower 20% as in 2007 is what market is trying to price MOIL.

At current price it is reflecting as if MOIL NPM will drop to 17% or lower. It is a debt free company with 1875 crore of cash on books which is 112 rs per share.

I was able to put intrinsic value to stock assuming NPM IS 17% at 132 rs.

Adding cash of 112 rs per share I arrived at 244 rs.

Only risk is
- More deeper they go more costlier it will be to mine the ore out, but for next 10 years it should not be a issue.
Reply With Quote
  #15  
Old 13th October 2011, 08:28 AM
Administrator
 
Join Date: Sep 2006
Posts: 10,938
Rep Power: 7497
Alchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond repute
Default

Quote:
Originally Posted by jatanr View Post
This keeps getting hammered. It has reached 260. Any reason why?
MOIL faces the same problems that Coal India does - land issues, environmental issues, labor issues, mining bill-related issues etc.

Besides that, MOIL's revenues are linked to global prices of manganese ore.

Coal India is already selling coal are rates which are much lower than the market rates and hence it's not impacted when international coal prices fall.
Reply With Quote
  #16  
Old 13th October 2011, 11:18 AM
Regular Member
 
Join Date: Dec 2007
Posts: 258
Rep Power: 774
jatanr has a reputation beyond reputejatanr has a reputation beyond reputejatanr has a reputation beyond reputejatanr has a reputation beyond reputejatanr has a reputation beyond reputejatanr has a reputation beyond reputejatanr has a reputation beyond reputejatanr has a reputation beyond reputejatanr has a reputation beyond reputejatanr has a reputation beyond reputejatanr has a reputation beyond repute
Default

So is this a good time to average (since it is close to 244 price)? I am holding all my IPO allotted shares.
Reply With Quote
  #17  
Old 14th October 2011, 06:13 AM
Senior Member
 
Join Date: Nov 2007
Posts: 1,793
Rep Power: 1066
man4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond repute
Default

Depends on how much is your capital?

If you have 1 Lakh for example, you should not be invested more than 10,000(10%) in this scrip.

Most important can you manage (especially emotions) with this company in your portfolio, if NIFTY goes all the way back down to 2200? Ask this question and decide!

It has proven mines which will last for next 40 years and 1800 crore cash is sitting idle on balance sheet!



Uploaded with ImageShack.us

Here is chart of DJ Steel index, I have shown targets, what implies here is that steel demand and performance of steel industry is going to be in doldrums until the index hits the target!

You can see the crash in steel prices and imagine same in manganese!

Finally chart of MOIL, it is inverted chart to let the bias out, I don't see any signs of reversing, looks like lower prices are ahead!



Uploaded with ImageShack.us

Last edited by man4urheart : 14th October 2011 at 06:27 AM.
Reply With Quote
  #18  
Old 16th October 2011, 10:19 PM
Senior Member
 
Join Date: Nov 2007
Posts: 1,793
Rep Power: 1066
man4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond repute
Default

Hindu business line recommendation!

Business Line : Today's Paper News : MOIL

Quote:
Indian steel production is poised to jump by around 40 per cent over the next four years, and manganese demand is expected to keep pace. MOIL's expansion plans include increasing output from its mines to 1.5 million from the current 1.1 million over the next four years. The company currently pays out 4.2 per cent of its net sales (excluding other income) to the Government as royalties. The recently approved new Mining Bill will double this payout. However, the company's margins provide it with the cushion to absorb this blow.
Reply With Quote
  #19  
Old 7th September 2012, 03:45 PM
Administrator
 
Join Date: Sep 2006
Posts: 10,938
Rep Power: 7497
Alchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond repute
Default

Sold my shares @ 273.60 on the NSE.

I don't know why the price spiked up, but I sold my shares. .
Reply With Quote
  #20  
Old 25th January 2017, 07:16 AM
Regular Member
 
Join Date: Apr 2008
Posts: 938
Rep Power: 1284
paran has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond repute
Default

MOIL OFS is going on and today is for retail. Also there is a 5% discount for retail.

https://nseindia.com/live_market/con...e/ofs_sale.htm

What do you guys think? Is it worth to apply for it?
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Manganese Ore India IPO nils_gate Initial Public Offerings - IPO Market 188 22nd December 2010 06:25 PM
INDSIL Hydro Power and Manganese sudhashbahu Individual Stocks 2 8th December 2010 08:34 PM
OIL (Oil India Limited) IPO muralisankars Initial Public Offerings - IPO Market 114 8th October 2009 09:26 AM
India Glycols Limited RK Mishra Individual Stocks 1 28th May 2008 01:34 PM
Oil India Limited IPO g_kab35 Initial Public Offerings - IPO Market 1 23rd December 2007 12:51 PM


All times are GMT +5.5. The time now is 01:23 AM.


Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.6.0
Ad Management plugin by RedTyger