Jai Corporation

[praveensk]

Hi Jnj,

This JAI CORP is sucking the blood on everyday basis. What are your views for 2009.

How many shares you hold in JAI and how many more you want to accumulate?

 

[lalpar]

Friends when u hvae a company like TATA Motors or Infy or RIL struggling to resist this breeze of slowdown what can JAI CORP do?...
repeating again and again Jai will end wherever it started!!! it went from 40 Rs to 28k..It will come back to 40 Rs (but with 1:20 spli) )...

The problem in world is so deep that Equities is not where u put your money..JUST sit on CASH better oppurtunities will definately arise

but one thing is sure the story of JAI is over!!!

 

[jnj333]

Hi Jnj,

This JAI CORP is sucking the blood on everyday basis. What are your views for 2009.

How many shares you hold in JAI and how many more you want to accumulate?

Hi praveensk,

Being an optimist, I am very positive for jai corp for the next 3 years, for me its story has not yet started. Due to global factors, it has gone in a pause mode .
From the very begining I am holding more than 2000 shares , accumulated some more in this downfall to a total of 2500 shares.
As the markets/economies move in cycles (markets ahead of the economies) I see the current economic cycle has started turning towards positive and full effect will be seen in about 6 months from now, and India will be back on the high growth path so the SEZs,ports,reality will be back in action ( see mundra port which is doing good business in current scenario too, so comparing it with rewas which has the potential to become the main hub for the western world).
For me this is a loonng term stock , 5-10 years but not everyone has that much patience, so kindly take your own call.
I look at a company in a very different prospective, one of the main question I ask myself ,can the company grow more , for Jaicorp I say a lot more , but the enviorment has turned harse but will it be a good business for the future , Yes, see china and its sez effect but india has a advantage with its right mix of open/closed policies (with many improvements,ofcourse).NMSEZ,MSEZ,Rewas are the biggest of our country, if you believe India will grow substantially,then sezs,ports will have a big part, then these are one of the best bets.
Is the market valuing the company correctly, for a FA guy the market is always wrong, irrational exuberance they say , on the way up and so on the way down.

My views only, kindly do not take it as a buy or sell call, kindly do your own research and invest, its your money, everyone has a different risk profile/time frame so take your own call.

Regards

jnj

 

[praveensk]

Thanks jnj,

it was a quick and good note from you (as always)

 

[sudoku1]

This JAI CORP is sucking the blood on everyday basis. What are your views for 2009.

JUST A YEAR BACK.............invstrs were sucking its blood & never allowed it 2 rest without an upward freeze...........now.....khoon ka badla khoon..........

 

[praveensk]

Jnj333,

Dod you still think that bottom is not reached??
Most of us are running out of patience..

Please respond.

 

[jnj333]

Jnj333,

Dod you still think that bottom is not reached??
Most of us are running out of patience..

Please respond.

I can understand the pain , wish I could help, Cannot comment much on the bottom, 80 was a long term support area ,for me that was the bottom , now its getting sticky.

Below is the shareholding pattern for Dec 08 vs Sep 08 Quarter-

Promoters-72.67% vs 72.54%
Mutual Funds- 0.6% vs 0.7%
Financial Institutions / Banks - 1.95% vs 1.95%
FIIs - 11.73% vs 8.44%
Others (including Retail) - 13.04% vs 16.37%

LIC still holds 26 lac shares alongwith Merrill lynch 41 lacs and Deutsche 1.03 crore shares.

 

[praveensk]

Thanks jnj for the reply. I was desperately waiting for your reply. I am a big fool not to sell the stock at 1400. Your response is only a helpline.


Hope JAI CORP gets back to its glorious UC days down the line

 

[oxusmorouz]

This thread is legendary. Sums up a bulk of market psychology. Strong read for any student of the market.

 

[jnj333]

Thanks jnj for the reply. I was desperately waiting for your reply. I am a big fool not to sell the stock at 1400. Your response is only a helpline.


Hope JAI CORP gets back to its glorious UC days down the line

yes,praveensk, we all were stupid not to sell at 1000 plus levels , Greed and Fear , these two factors has been ruling the stock market for over 100 years ,you can bet they always work. The most important lesson for any long term investor should be to know when to sell is more important than when to buy.Lessons are always learned the hard way.