The Adventures of Ponty Manesar

Amit has posted a hilarious compilation on the 'Adventures of Ponty Manesar' by Eldo Scaria. The links to the trilogy is enclosed :
1. The Adventures of Ponty Manesar
2. Further Adventures of Ponty Manesar
3. Even more Adventures of Ponty Manesar

The third ODI in Goa, between India and England starts at 9:30 am (IST). Enjoy !!!!

Unichem Labs

The stock jumped by 6.3% today to hit a CMP of 308.00 rupees. Consider exploring this stock for a buy.

Here's why -
a) The stock is available at a fwdPE of 12.36, which is one of the lowest amongst all pharma stocks
b) Although sales are growing slowly, the PAT is zooming at over 20% growth
c) The PAT per quarter has been in upwards of 18 crs over last 3 quarters
d) There is preferential allotment of shares to a private equity firm which has recently jacked up the prices. (the stock grew by 37% in two months)
e) The current dividend yield is 1.14% only. But given the increase in profits this year, I expect an increase in dividend to 5 rupees a share. It wont be more than this as the company is looking at expansion opportunities and acquisitions .. where internal accruals may be more handy than debt.

That apart, I found another swanky news item on Investsmartindia. Diabetes, Cardiology and Anti-infectives are growing areas in the healthcare segment. Buy in low numbers now and increase stake if it drops anywhere.

It aint done till, it's done

The picture above is what provisionally sixth placed Giancarlo Fisichella saw, as P5 Jenson Button's engine blew at the penultimate turn of the Australian GP. Inspite of a blown engine, Button didn't remove the foot from the pedal in a serious bid to cross the line ... he finished a menacing 7 metres from the finish line. Ironically, Jenson Button started on pole position at the start of the race. News

Well (sob, sob ...) this is the second time, I've lost a bet because of engine blowups in the last lap of a race. The last occasion was when Mika Hakkinen's splendid drive around the 2001 Spanish circuit came to a close as his Mercedes engine gave way to a lucky Michael Schumacher.

Sandesh Limited

Sandesh Ltd. is available at 113.00 rupees (28-Mar).
Sandesh Ltd. has an NCAV of 111.45 rupees.

The scrip has cash per share of 26.60 rupees which is very good. It has a good market share in Gujarat where it is now the #3 newspaper (from #2, a year ago). At these numbers, prudence has it that the stock will go up however from an investing viewpt, the following needs a look into -
a) Sales have dropped; so have profits
b) Didn't declare any dividend last year
c) There was a sudden spurt in sales last yr (from nowhere we has a number of 635 crs in the financial statement)
d) Q3, 2005 was a negative profits quarter
e) Fwd PE comes to 17.20 (but very inconsistent profits)

So although this stock gives me fantastic margin-of-safety, it doesnt give me the comfort of a consistent and growing earnings growth. If anyone's been tracking this stock, then opinions are soughted.