Re: South Asian Petrochem Ltd....will really become the next JAi CORP
>. SAPL an export-oriented unit - set up a Bottle Grade PET Resin continuous process plant at Haldia, the strategically located port city of West Bengal, India.
>. The 140,000 TPA plant is amongst the largest and the most modern in the region.
>.Group built its reputation for professional management in the tea business. Dhunseri Tea & Industries Limited, the flagship company of the group, manufactures and markets the finest tea since 1916. Originally operating three tea gardens, the company has acquired prime gardens in Assam after being taken over by the Dhanuka family in 1955.
> Name of the Shareholder Number of Shares Shares as a % of total
1 Dhunseri Tea and Indust 33,047,007 17.31
2 Mint Investments Limited 10,000,000 5.24
3 Plenty Valley Intra Limited 5,000,000 2.62
4 Tezpore Tea Co. Ltd 5,000,000 2.62
5 Zimmer AG (Germany) 12,802,493 6.70
6 Arabella Asia(Singapore) 9,500,000 4.98
10 Unistock Private Limited 27,500,000 14.40
11 Landmark Finance Private Ltd 5,500,600 2.88
Total 108,350,500 56.74
Name of the Shareholder Number of Shares Shares as a % of total
1 Life Insurance Corporation 9,000,404 4.71
2 General Insurance Corporation 10,000,000 5.24
3 United India Insurance Co. 4,925,000 2.58
4 Export Import Bank of India 6,016,142 3.15
5 Allahabad Bank 2,343,728 1.23
6 West Bengal Industrial 9,150,000 4.79
Total 41,435,274 21.70
>Only 15 % of the total shares of the company are held by the general public and a great interest is shown by the promoters on this company.
>Our profit after tax increased 120.88% to Rs. 4469.01 lacs.
>The cost of power and our raw materials are cheaper in the Middle East than any other place in the world.
>Egypt is ideal from a logistics perspective; it is not only close to
the raw material that could come in from Saudi Arabia, it is ideally
placed with regard to distribution as well. Our presence in Egypt will
make it possible for us to move products to Asia on the one hand,
to Europe through the Suez and to Africa through the land,
Mediterranean and Indian ocean routes.
>The earnings per share (EPS) has increased by 120% from FY05-06 to FY06-07 and which is very significant.
>The PE Ratio on 13/12/2007 is 11 and this shows that this stock if really underpriced at this moment and this has a long way to go.
>This stock is getting into the F&O Segment in Jan08' and from then You can see a great counter ahead of you in the future,
This is my third recommendation after
SAH Petroleum @ 16.85 on 5/12/2007 and now 25.20
Pennar Industries @ 26.50 on 11/12/2007 and now 33.50.
You can still enter into both the stocks as they have started rising now only and they have a long way to go.
