Alpha/Alpha Plus recommendation for Nov’11

Dear Readers, We like companies which are: not over-leveraged, generate free cash flows, able to deploy capital at higher returns (in excess of 20%), regular dividend paying, command sizable market share and, most importantly are available at decent valuations. Moreover, if we find Promoters/Management themselves buying the shares of the company through open market purcahse, it further bolsters our confidence and comes across as an icing on cake. The good thing about such companies is their consistency and their ability…

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An interesting Risk arbitrage opportunity with with exp

Dear Alpha Plus Members, We would like to bring to your notice an interesting arbitrage opportunity in the case of   ***P ****** Ltd (BSE Code: 5*****) Some insights into the Arbitrage opportunity On 26th Nov’11, APW President in its letter to Stock Exchanges informed that the company (“APW President”) has received a letter from Schneider Electric South East Asia Ltd, the Promoter and the majority shareholder of the company informing the company of its proposal to voluntarily de-list the equity…

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Arman Financial Services (BSE Code – 531179): An import

Dear Readers, This is w.r.t. the Arman Financial Services Ltd (BSE Code 531179) investment cum arbitrage opportunity shared with you on 11th Nov’11 Note: The proposed Rights issue of company stands cancelled and therefore the arbitrage opportunity. However, we would still suggest you to continue holding with 3-4% portfolio allocation, as recommended earlier. The company had its board meeting yesterday. In the same they have authorized the board to: Issue, offer and allot up to 13, 58,130 equity shares at…

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Cera Sanitaryware eyeing 30-32% market share over the n

Dear Readers, As you must be aware that Cera Sanitaryware Ltd is our Alpha Recommendation for Jan’11, so we and our members have a vested interest in the stock. Even as the Indian ceramic industry is reeling under high costs, Cera Sanitaryware is looking ahead. The sanitaryware player is bullishly looking at acquisitions and retail expansion. Vidush Somany, Executive Director, Cera Sanitaryware listed out his plans in a recent interview. Some of the highlights of the same are as below:…

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