Jai Corporation

[nansrired]

yes praveen, the pain is getting bigger by the day but it is not the time to sell,there are change of hands by the biggies, big block deals are happening, so some biggies maybe be showing their anger by short selling, the management should definitely come forward with some news like the case of ICICI,JPassociates etc., MSEZ has its trobules, global credit crunch, not a good time for the shareholders, I can only suggest to Hold or accumulate in small lots if possible.

Hi Jnj,
I don't think anybody is showing anger by short selling. I think FII's like merryl lynch who were major investors ran into financial trouble and they sold everything to liquidate themselves. As for managment is concerned now that FII's have sold all the stocks which they bought @1030 , they are not under any need to make come out with any news. I think they will happily keep the price as low as possible and meanwhile continue with the real projects like NMSEZ,REWAS,MSEZ. During this time they will accumulate as many stocks as possible. Once the market shows signs of recovery in 2-3 years time they might come out with some anouncement and bring the price level to Rs.1000.

So bottom line is its a game of patience. One needs to be patient for for span of 2-3 years.

Your views.

 

[jnj333]

Hi Jnj,
I don't think anybody is showing anger by short selling. I think FII's like merryl lynch who were major investors ran into financial trouble and they sold everything to liquidate themselves. As for managment is concerned now that FII's have sold all the stocks which they bought @1030 , they are not under any need to make come out with any news. I think they will happily keep the price as low as possible and meanwhile continue with the real projects like NMSEZ,REWAS,MSEZ. During this time they will accumulate as many stocks as possible. Once the market shows signs of recovery in 2-3 years time they might come out with some anouncement and bring the price level to Rs.1000.

So bottom line is its a game of patience. One needs to be patient for for span of 2-3 years.

Your views.

Yes, nansrired, I have somewhat similar views, if some FIIs have sold some other have bought,this quarter Shareholding Pattern would reveal some interesting facts, though I feel one would not have to wait 2-3 years for 1000 which I feel may come in the next 6-9 months, I strongly believe its 31Mar09 price would be higher than its 31Mar08 price, and same for its 31Mar10 price which would be more than 31Mar09 price . I see it around 2000 by Mar 2010.

 

[nansrired]

Yes, nansrired, I have somewhat similar views, if some FIIs have sold some other have bought,this quarter Shareholding Pattern would reveal some interesting facts, though I feel one would not have to wait 2-3 years for 1000 which I feel may come in the next 6-9 months, I strongly believe its 31Mar09 price would be higher than its 31Mar08 price, and same for its 31Mar10 price which would be more than 31Mar09 price . I see it around 2000 by Mar 2010.

I don't think the world financial crisis is going to go away soon. It would take 6-9 more months before the complete impact of the crisis unfolds. We could see bottom of most of the world indices in next 9 months. Markets might start recovering by June/July 2009 and it could take 2-3 years from that time before indices pose significant recovery. This appears to be as bad as 1929 recession. Indian companies could have liquidity problems in next couple of years. Projects might get delayed. In this process growth companies like Jai Corp will also have major impact. I don't see Jai Corp more than 400 by March 2009. One thing is for sure this crash has taught people what is the meaning of patience. One might need to wait for 5 years as well. As warren Buffet said how long his waiting period is, Indefinite. So better not to have any targets.

 

[jnj333]

I don't think the world financial crisis is going to go away soon. It would take 6-9 more months before the complete impact of the crisis unfolds. We could see bottom of most of the world indices in next 9 months. Markets might start recovering by June/July 2009 and it could take 2-3 years from that time before indices pose significant recovery. This appears to be as bad as 1929 recession. Indian companies could have liquidity problems in next couple of years. Projects might get delayed. In this process growth companies like Jai Corp will also have major impact. I don't see Jai Corp more than 400 by March 2009. One thing is for sure this crash has taught people what is the meaning of patience. One might need to wait for 5 years as well. As warren Buffet said how long his waiting period is, Indefinite. So better not to have any targets.

Yes the world's financial crisis is not going to go end anytime soon, 6-9 months is also what I feel the complete impact will be known, Jaicorp may be faced with capital requirements but still I am optimistic about it crossing its 31Mar08 price by 31Mar09, you may be quite right in your target of 400 but let us keep our fingers crossed. The market is falling like it is end of the world and it is world war III, but it is not (or is it, I believe war will be fought like this only)

The FIIs have sold what, about Rs.35000cr of equities from Jan till date and LIC alone has a target of about Rs.40000cr investment in equities next year and I believe if need be arised they alone are capable of investing 5 times that amount in one single year and that is LIC alone, if other institiutions come together, then value of FIIs in our markets................

Seeing the trend for the last few months in Jaicorp I feel the sellers may just be about to lose their strength, today also at NSE there are more buyers at LC and the sellers seems to be decreasing, it is highly oversold.

Yes,my waiting time is ...Forever because my money invested is not needed by me for the next 5-10 years, if the company's fundamentals stay intact I may stay invested for a long time say 2012 or maybe till 2015.

The war has begun, Fight well. Age old theory suggests that the Bull/Bear are the strongest when they are about to die so......

My views only, kindly take your own call.

 

[nansrired]

Hi Jnj,
Are you still optimistic about Jai Corp targets. If so can you give some details in regards to your optimism. May be we could average the price if their is some confidence in the scrip.

 

[jnj333]

Hi Jnj,
Are you still optimistic about Jai Corp targets. If so can you give some details in regards to your optimism. May be we could average the price if their is some confidence in the scrip.

Well nansrired, my optimism is on No use if its wrong. I was right when it was rising and hugely wrong on its way down, not good for anyone's financial health, I will refrain from giving targets because not everyone is a high risk investor like me and it hurts me a lot when my views go opposite of my ideology of helping others. I am holding on till zero and may buy some more below 100 but kindly do not follow my views.

 

[lalpar]

Hi JNJ

I appreciate your framkness..

But let me tell you one thing that i have learnt any STOCK that has moved up as fast as Jai has never recovered and infact the operators will not take it high as there is supy at every level becoz the stock is available in abundance with public!!!

It would be better to switch stocks..

REC is one i am betting for 1 year view

 

[jnj333]

Hi JNJ

I appreciate your framkness..

But let me tell you one thing that i have learnt any STOCK that has moved up as fast as Jai has never recovered and infact the operators will not take it high as there is supy at every level becoz the stock is available in abundance with public!!!

It would be better to switch stocks..

REC is one i am betting for 1 year view

Well lalpar, my friend, you could be right in your view as many stocks have never touched their highs but for those fundamentals would be different, in this scrip I see a vision backed with fundamentals that its networth is being wrongly assesed by the markets, Half a Billion MarketCap... I see it 50 times more in few years, it depends upon how management faces this storm.
REC is good stock but so are 5 dozen more nowadays, one can buy only limited ones. Jai features more than 10% of my portfolio and it is still the best stock on returns basis giving me a return of about 100% even after this carnage (was lucky enough to enter early) so I'll Hold on but these are my views only and as you now know that I have been wrong from time to time.

 

[momostock]

Hi JNJ

I appreciate your framkness..

But let me tell you one thing that i have learnt any STOCK that has moved up as fast as Jai has never recovered and infact the operators will not take it high as there is supy at every level becoz the stock is available in abundance with public!!!

It would be better to switch stocks..

REC is one i am betting for 1 year view

why do you state that REC is better? What does make you think so?

Could you provide your insight on the company? eh?

 

[lalpar]

why do you state that REC is better? What does make you think so?

Could you provide your insight on the company? eh?

Firstly the company is performing well ..There are plenty of sites u can get info abt the financial strength of this company...So i will not update that

But let me tell u general resons

Firstly in everybull run you have momentum stocks like IFCI,JPA,RNRL,RPL...Now these stocks will be beaten to hell in bear market..During the nesxt Bull Run a new set of momentum stocks will rise and I see REC as one of them!!

Secondly the IPO of REC came at a time when markets had already crashed yet it was fully subscribes which shows is strenth and fair pricing of IPO..

In his crash it has been beaten to Hell!!traidn at 65 ...Investr shld start buying this at 55 levels!!!!

This is my view!!!Take ur own call!!1