Missed Jp!? Buy Hpstock.. A Hidden Gem!!!!

[kkseal]

A back-of-the-envelope way of gauzing the valuations of such investment/holding companies would be

(Investment value - Debt)/MCAP

Look for a value higher than 2.
The quality & prospects of the underlying investments/holdings is of paramount importance though.
Also while comparing such companies look for the ones with the highest OPM, ROCE/RONW & Interest Cover.

Regards,
Kalyan.

 

[jrfab]

Multibaggers ,,,, HB GROUP STOCKS
I read about one of the stocks in the HB group in this forum which was posted a few months back ,,, the stock mentioned was HB Stock Holding ,,

From what I have studied there are 5 -6 stocks under the same management ,,, out of these 3 of them deal with investments and/or leasing /finance business. these 3 companies are :

1) HB Stock Holding ( bse code : 532216 ; nse code : HBSTOCK )

2) HB Portfolio ( Bse code : 532333 )

3) HB Leasing ( Bse code : 508956 )


These companies have significant holdings which were bought at very low levels and have become multi baggers today ,,, Some of the common holdings are JP Associates , Crompton Greaves , Voltas ,,, etc

These investments are shown at either their cost price or at significantly lower levels as compared to the market price . The same can be checked from thier respective websites wherein the values are shown.Just to give an example :

HB Portfolio held more than 1500000 shares of JP Associates as on 31/03/2007 which are shown at a price of less than Rs 200 /
If one considers their current market price the total value comes to more than 300 crores ,, the outstanding shares are 1.28 crores ,,, so if one considers only this one holding even then the value per share of HBP would come to more than Rs 225 ,,,,

If one considers the total value of all investments held by HBP then the total value comes in excess of 450 crores and these are shown in the balance sheet at less than 150 Crorres ,,,,, the actual value of per share of HB Portfolio on the basis of this valuation shld be more than Rs 400 ,,

Similar is the case with HB Stock Holding && HB Leasing ,,, do ur own analysis and you will realise what is the actual value of these shares ,,,

The largest value of investments among these 3 are with HB Stock Holding but its equity base is higher as compared to HB Portfolio. Some of the other stocks held by these companies are :: Voltas , Crompton Greaves , Ceat , DCM Shriram to name a few .

Even in todays market where the index corrected more than 4 % , all these 3 stocks were up close to 5 % each indicating that smart money is getting into these counters,,,,Delivery volumes very high in all these 3 counters ,,, very low floating stock hence would not take much time 4 these counters to rise once people realise the actual value of investments held by these companies,,,

My order of preference among these 3 would be :::

1 ) HB Portfolio

2 ) HB Stockholdings

3 ) HB Leasing

Disclosure : I have HB Portfolio and HB Stock Holdings in my Portfolio ,,,, CNBC Style


I read in one of the pages someone talking about intrinsic value ,,, that poor chap doesnt know that we are talking about quoted investments here and not historically valued fixed assets that he is taking them at book value

Great discovery guys ,,, latch on to it and reap benefits

 

[jrfab]

Any body aware what HB STOCK HOLDING is doing.
It is a fininacial and leasing & investment company .. but it mainly dealing with investment in stocks.

Its holding as below
1) LONGTERM:
JB ASSOSICIATES --- 23 LAKSH SHARES !!!!
RUCHI INFRA --- 1.8 LAKHS SHARES
DCM SHRIRAM IND --- 13 LAKHS AS ON MARCH (NOW NEW ACCURING OF
15 LAKHS)
CHEMPLAST ---- 25 LAKHS SHARES
GREAVES COTTON ------ 82 THOUSAND
AND SOME SMALL COMPANYES & unlisted companyies.
Present market value of these investment arround 1190 crores today.
JP assosiciates alone nearly 440 crores.

Out of these the company has short term invesstments
In short term list it having lot of BLUE ships , Relicnce capital, rel ind, ICICI, & lot of Infra and Power stocks the list is huge one.

As per company annoual report 2006-07 (available in company site www.hbstockholdings.com)

Now how can we value this company. As for my consern i think it is available in very very dead cheap at present market rate of 93!

Investment value per stock is amazing , No of shares (10 paid)= 2.4 crore, Equity value = 24 crores, Investment may be arround 1500 crores.... for 24 crores equity dept is only 6 crores.
But ivestments market value may arround 1500 crores
Invest ment value per stock = 1500/2.4 = 625 per share

Share price is only 93 !!!! How is it?

How is it available in this cheap through away price ......

WHAT IS THE REAL VALUE OF HB STOCK

Senior members may kindly study this stock and please put their view in this page.....

I welcome all your research .......

I am holding 700 shares @ average price of 76 ... I want to know the real value of it. What is my target?

Hey ,,, the thing is that many of these companies are trading at almost 50 % discount of the value of investments ,,, many of the market participants are realising their true worth now and if u see in todays market also all HB stocks were up

The one thing that separates the HB group from other similar companies is that they have huge holdings in JP Associates ,, Crompton Greaves ,, etc ,,, so buy these at every dip and hold them for at least 1 -2 years ,,, this will be a multi bagger in times to come and sure to reward its shareholders with value unlocking in the future ,,,,, cheers

Multibaggers ,,,, HB GROUP STOCKS
I read about one of the stocks in the HB group in this forum which was posted a few months back ,,, the stock mentioned was HB Stock Holding ,,

From what I have studied there are 5 -6 stocks under the same management ,,, out of these 3 of them deal with investments and/or leasing /finance business. these 3 companies are :

1) HB Stock Holding ( bse code : 532216 ; nse code : HBSTOCK )

2) HB Portfolio ( Bse code : 532333 )

3) HB Leasing ( Bse code : 508956 )


These companies have significant holdings which were bought at very low levels and have become multi baggers today ,,, Some of the common holdings are JP Associates , Crompton Greaves , Voltas ,,, etc

These investments are shown at either their cost price or at significantly lower levels as compared to the market price . The same can be checked from thier respective websites wherein the values are shown.Just to give an example :

HB Portfolio held more than 1500000 shares of JP Associates as on 31/03/2007 which are shown at a price of less than Rs 200 /
If one considers their current market price the total value comes to more than 300 crores ,, the outstanding shares are 1.28 crores ,,, so if one considers only this one holding even then the value per share of HBP would come to more than Rs 225 ,,,,

If one considers the total value of all investments held by HBP then the total value comes in excess of 450 crores and these are shown in the balance sheet at less than 150 Crorres ,,,,, the actual value of per share of HB Portfolio on the basis of this valuation shld be more than Rs 400 ,,

Similar is the case with HB Stock Holding && HB Leasing ,,, do ur own analysis and you will realise what is the actual value of these shares ,,,

The largest value of investments among these 3 are with HB Stock Holding but its equity base is higher as compared to HB Portfolio. Some of the other stocks held by these companies are :: Voltas , Crompton Greaves , Ceat , DCM Shriram to name a few .

Even in todays market where the index corrected more than 4 % , all these 3 stocks were up close to 5 % each indicating that smart money is getting into these counters,,,,Delivery volumes very high in all these 3 counters ,,, very low floating stock hence would not take much time 4 these counters to rise once people realise the actual value of investments held by these companies,,,

My order of preference among these 3 would be :::

1 ) HB Portfolio

2 ) HB Stockholdings

3 ) HB Leasing

Disclosure : I have HB Portfolio and HB Stock Holdings in my Portfolio ,,,, CNBC Style


I read in one of the pages someone talking about intrinsic value ,,, that poor chap doesnt know that we are talking about quoted investments here and not historically valued fixed assets that he is taking them at book value

Great discovery guys ,,, latch on to it and reap benefits

 

[pons]

hai milind , (jaraf )
HB stock, HB portfoilio, HB lease are similar kind of companies , that is investment & leasing .
But main thing is now all are doing investment only. All companies are coming in same management started arround 1985 to 90. From starting These companies reported normaly losses only. But impartment is that their changed their view and doing investment only from 2000 onwards. Their shares bought are some where in 2000 - 2003 . Usuelly they are cornering low price and growth stock. Thats why they are now having JPassociates altogether it may be 50 lakhs. (I think you will certainly not beleive this ) .. HB stock have 24 lakhs JP @ Rs. 38 , HB portfolio have 15 lakhs JP @ 157 and 7 lakhs of crompton @ 7.. The same management is the AMC parterner of TARUS MUTUAL FUND which is the old MNC mutual fund came along with MORGEN STANLY during 1990 s. These HBStock and HB port have lot of investment in TARUS also. TARAUS is ignored by almost all investers due to its worst performance from starting (certainly from 1993 to 2003 market was down and parrallel only... during 1999 to 2001 only software stock is stock other core industries are negleted by investers & market. ) . But intersting is that once the core industries are booming from 2003 HB"s investments are in sky rockets. You will belive highest performance MF is TARUS DISCOVERY, which rose 115% this year. Funds under TARUS group also have similar nature . These funds also have huge qty of JP at very low price. In turn HBGROUPD have huge investment in TARUS at par value. Due to past experience market deniing these not recognized these group stocks & tarus. But it wil not alwas ,, Now all are turned possitive. Hb accuired DCM shrim industires and some small companyes with growth oriented.

Intersting is that HB portfoilo is dept free.... HB stock dept is only 60 cr compare to 24 cr equtiy base and huge investment assets.

If they sell any investment it will reflect in their financial statement and give huge huge huge EPS, inturn it will go to BV and what ever you think. Then people will understand this.

You please go to their site and down load their annual report 2006-07 . All investments are clearly given . I made the exel sheet from that one.

Good & growth oriented never be negleted.... Are you aware of Prakash industries a diverified old company which was negled by investers from 2005 and 2006 eventhogh their posted good results and performance.... now investers relised that now prakash is 300+ i think, which was strugged in Rs.30-40 with low low BE during 2005-06 and early 2007.

So as for my consern HB stock and HB portfolio (I am not including HB leasing which has less investment and that also little one and leasing is doing other bussiness also) are trading very very below their vlaues. People will realise all these points once HBstock and HBport are trading arround 300 to 350 plues. Then all analysist and hi class market pandits will come and recommend the HBs and they will give target in 500---600----700--- Then all people will come and buy these stock.

I am very sure... even 800 points down market HB stock freeeesed at 5% and HBport tested 10% uc and closed positively.

I am giving their site address
http://www.hbstockholdings.com
http://www.hbportfolio.com

I am sure you may done a open mind broad study on these stocks post your comments.
Thanks milind.

BUY BUY HBSTOCK & HB PORTFOLIO-----------
Now jaraf came to HBGROUP and he started new fourm .... good ---

 

[pons]

Now JP ASSOCIATES IS splited up to 2 paid up Hence
the reviesed hodling of HB GROUP"s investment are

HB STOCK holding 96 lakhs JP @ Rs. 7.5
HB PORTFOLIO holding 75 lakhs JP @ Rs. 32

hai friends any body fear of JP will go below Rs. 7 in this feared market they can sell their
HPSTOCK........... in turn if JP go below 32 sell your HP PORTFOLIO !!!!!!!!!!!!!!!!!!!

BUY BUY BUY GOOD CHANCE TO BUY and accumulate HBSTOCK & HBPORTFOLIO in this down market....

 

[nimish01]

Already bought [email protected]
good call
waiting for it to still go up!

 

[jrfab]

hai milind , (jaraf )
HB stock, HB portfoilio, HB lease are similar kind of companies , that is investment & leasing .
But main thing is now all are doing investment only. All companies are coming in same management started arround 1985 to 90. From starting These companies reported normaly losses only. But impartment is that their changed their view and doing investment only from 2000 onwards. Their shares bought are some where in 2000 - 2003 . Usuelly they are cornering low price and growth stock. Thats why they are now having JPassociates altogether it may be 50 lakhs. (I think you will certainly not beleive this ) .. HB stock have 24 lakhs JP @ Rs. 38 , HB portfolio have 15 lakhs JP @ 157 and 7 lakhs of crompton @ 7.. The same management is the AMC parterner of TARUS MUTUAL FUND which is the old MNC mutual fund came along with MORGEN STANLY during 1990 s. These HBStock and HB port have lot of investment in TARUS also. TARAUS is ignored by almost all investers due to its worst performance from starting (certainly from 1993 to 2003 market was down and parrallel only... during 1999 to 2001 only software stock is stock other core industries are negleted by investers & market. ) . But intersting is that once the core industries are booming from 2003 HB"s investments are in sky rockets. You will belive highest performance MF is TARUS DISCOVERY, which rose 115% this year. Funds under TARUS group also have similar nature . These funds also have huge qty of JP at very low price. In turn HBGROUPD have huge investment in TARUS at par value. Due to past experience market deniing these not recognized these group stocks & tarus. But it wil not alwas ,, Now all are turned possitive. Hb accuired DCM shrim industires and some small companyes with growth oriented.

Intersting is that HB portfoilo is dept free.... HB stock dept is only 60 cr compare to 24 cr equtiy base and huge investment assets.

If they sell any investment it will reflect in their financial statement and give huge huge huge EPS, inturn it will go to BV and what ever you think. Then people will understand this.

You please go to their site and down load their annual report 2006-07 . All investments are clearly given . I made the exel sheet from that one.

Good & growth oriented never be negleted.... Are you aware of Prakash industries a diverified old company which was negled by investers from 2005 and 2006 eventhogh their posted good results and performance.... now investers relised that now prakash is 300+ i think, which was strugged in Rs.30-40 with low low BE during 2005-06 and early 2007.

So as for my consern HB stock and HB portfolio (I am not including HB leasing which has less investment and that also little one and leasing is doing other bussiness also) are trading very very below their vlaues. People will realise all these points once HBstock and HBport are trading arround 300 to 350 plues. Then all analysist and hi class market pandits will come and recommend the HBs and they will give target in 500---600----700--- Then all people will come and buy these stock.

I am very sure... even 800 points down market HB stock freeeesed at 5% and HBport tested 10% uc and closed positively.

I am giving their site address
http://www.hbstockholdings.com
http://www.hbportfolio.com

I am sure you may done a open mind broad study on these stocks post your comments.
Thanks milind.

BUY BUY HBSTOCK & HB PORTFOLIO-----------
Now jaraf came to HBGROUP and he started new fourm .... good ---

Yeah thnx 4 starting the thread ,,, I read ur thread and went onto all the three sites and did my own research ,,, have to say they are real gold mines ,,, I would avoid HB Leasing though cause it has accumulated losses ,,,, anyways thanks once again and by the way im not jaraf ,,,, its jrfab

 

[pons]

Hi jrfab..
Thanks.
Today HBSTOCK at LC . people may fear it may go further down..
But my consern its time to buy this gem
I went to a detail study and uploaded the same as a xl file .
I have calculated the Market value of its holding on 17th december closing price
It reveals the profit position as below,

1) Longterm investments = 539 cr.
2) Short term investment = (4) cr.

Say 535 crore,,,

And market investment value as below
1) longterm investments = 578 cr
2) Short term investments = 37 cr
3) Short term other investment 4 cr.
4) LONG TERM other investments 14 cr,

TOTAL IVESTMENT VALUE ----- 633 CR.

note: 1) rates at closing price on 17-12-07
2) I have taken the values of untraded/not known stocks as value 0 (in red colour)
3) stocks the company which were in previous year and now nil are in vilot colour
( I have taken its nos as 1 and value as 0 for calculative purpose to assign xl formule)

4) This xl file have four pages and taken from HBSTOCK 2006-07 annualreport (holding as on 31 march 07)

One can easily refer this charts for reference

My conculsion. Total investment value --- 633 cr
equity shares ----------- 2,4 cr
investment worth/share --- 633/2.4 = 263

in turn Net investment worth --- 633-6 cr ( company having 6 cr as dept)
629/2.4 = 262

So its clear that today market value is well below its net value of 262... (this is minimum since i have not taken the unknown/ not traded stock market values)

HENCE IT IS GOOD CHANCE TO BUY THE STOCK ....
BUY BUY BUY HBSTOCK ....

 

[MiLiNDOnline]

Hi jrfab..
Thanks.
Today HBSTOCK at LC . people may fear it may go further down..
But my consern its time to buy this gem
I went to a detail study and uploaded the same as a xl file .
I have calculated the Market value of its holding on 17th december closing price
It reveals the profit position as below,

1) Longterm investments = 539 cr.
2) Short term investment = (4) cr.

Say 535 crore,,,

And market investment value as below
1) longterm investments = 578 cr
2) Short term investments = 37 cr
3) Short term other investment 4 cr.
4) LONG TERM other investments 14 cr,

TOTAL IVESTMENT VALUE ----- 633 CR.

note: 1) rates at closing price on 17-12-07
2) I have taken the values of untraded/not known stocks as value 0 (in red colour)
3) stocks the company which were in previous year and now nil are in vilot colour
( I have taken its nos as 1 and value as 0 for calculative purpose to assign xl formule)

4) This xl file have four pages and taken from HBSTOCK 2006-07 annualreport (holding as on 31 march 07)

One can easily refer this charts for reference

My conculsion. Total investment value --- 633 cr
equity shares ----------- 2,4 cr
investment worth/share --- 633/2.4 = 263

in turn Net investment worth --- 633-6 cr ( company having 6 cr as dept)
629/2.4 = 262

So its clear that today market value is well below its net value of 262... (this is minimum since i have not taken the unknown/ not traded stock market values)

HENCE IT IS GOOD CHANCE TO BUY THE STOCK ....
BUY BUY BUY HBSTOCK ....

Hi Pons,

Thanks for this info. You have specified that -

My conculsion. Total investment value --- 633 cr
equity shares ----------- 2,4 cr
investment worth/share --- 633/2.4 = 263

Does this mean that HB Stock price should be max 263 Rs considering the current investments? And i think for HB Portfolio price should be around 400 Rs considering their current / ongoing holdings activity?

Is it something would you please like to clear? As in some of message i can read that somebody (may be you) thinks that the price of HB stock can touch 400 , 600, 1000 in some time so if it has so then on what basis or holdings FA /TA you think so? In other words, what price you and other memebers can envision for HB Stock and HB PORT in about 1 years time from now?
Thanks & I appreciate your efforts and reply to this message with your detailed view, we should always do lot of research and study before entering into any scrip ..


Emotions Do play but wont them them play that much and long..... Is my call!

 

[paddy1005]

this has come down in last couple of days,should we be worrying about it ?