tashor Posted October 23, 2010 Share Posted October 23, 2010 India's poultry giant sets foot in Bangladesh I see they have finally used genetic engineering to solve the problems met by the previous introduction of the fleet footed but ultimately vulnerable normal sized Gallus speedicus to Bangladesh.............. Link to comment Share on other sites More sharing options...
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67splitscreen Posted October 23, 2010 Share Posted October 23, 2010 Philip, I've no doubt that Venky's are an honourable company. If they takeover the Rovers, I would hope that they set a moral standard that the rest of the business world can follow. My concern is that the bubble they "appear" to be in bursts, then it could affect the Rovers. I certainly don't understand most of this, maybe someone else can do more with the info seems more indepth than most other sites I have looked at. Right down to sales breakdowns. Link to comment Share on other sites More sharing options...
dave birch Posted October 23, 2010 Share Posted October 23, 2010 I certainly don't understand most of this, maybe someone else can do more with the info seems more indepth than most other sites I have looked at. Right down to sales breakdowns. 67, Philip and I are generally discussing the stock (share) price of Venky's. It's gone up 440%, which is, to me, somewhat excessive and need further investigation. What I don't want is, for the company to find itself in a position where it can't fund its acquisition of BRFC. Link to comment Share on other sites More sharing options...
tonyoz Posted October 23, 2010 Share Posted October 23, 2010 440% in 12months is a staggering increase. Increases in stocks are usually proportional in any country (that's my interpretation anyway) so 400%+ is wayyyy over the top, and should make any potential investor wary. By comparison, back in the early 70's, there was a nickel mining company named Poseidon, based in WA. It's stock price went up like Venky's. Some people are still looking for their money. I'm not saying that Venk'ys stock price isn't valid, just that it's increase needs further evaluation before investing in it. The old adage, "A fool and his money are soon parted" is still apt in this day and age. You can view the 2009-10 accounts here: http://www.vhgroup.in/vhgroup/archive/investors/2010.htm On page 21, there is a graph of Venky's share price v the Bombay stock exchange - it's extraordinary! The stock exchange is flat whilst Venky's is stratospheric! The stock price went from a low of 73.00 in April 09 to a high of 371.00 in march 2010. Wish I'd had some of that! Foreign institutional investors comprise only 0.36% of total investors - and banks 0.00% !!! The public hold 37.4%. Earnings per share increased from 21.89 (08-09) to 57.83 (09-10). Here is a quote from the Director's Report (page 11): Sales turnover for the year ended 31st March, 2010 amounted to Rs. 70,628 lakhs as against Rs. 57,026 lakhs achieved in the previous year, registering a growth of 24%. Profit before tax recorded excellent growth of 165% at Rs. 8,229 lakhs as compared to 3,104 lakhs in the previous year. During the year under review, the poultry and poultry products segment recorded significant growth in revenue and profits due to improved market conditions. There was a good growth in sales volume in this segment. Also, there was improvement in efficiencies in operations and better cash flow management. As a result of these factors the Company registered substantial improvement in overall performance as compared to the previous year. Link to comment Share on other sites More sharing options...
tonyoz Posted October 23, 2010 Share Posted October 23, 2010 Oh my God!!!!!!!!! I have just checked out your link 67splitscreen and the share price is now 948.85!!! (it has been over 1012). It's gone up 3.42% today and 410% this year alone! The world has gone crazy. I'm off to buy some tulips. Link to comment Share on other sites More sharing options...
tonyoz Posted October 23, 2010 Share Posted October 23, 2010 67, Philip and I are generally discussing the stock (share) price of Venky's. It's gone up 440%, which is, to me, somewhat excessive and need further investigation. What I don't want is, for the company to find itself in a position where it can't fund its acquisition of BRFC. Hey Dave...............here is another quote to get you worried - I reckon it's a 1300% increase since April 2009 to its recorded high. (from splitscreen's link): "Your thoughts on Venky's, how much more left out there? Sandeep Wagle : Cannot say, the way it has moved up from 650 to 850 just in 3 days. This is also a stock which we discussed over the last 2 or 3 weeks time and upside in such stocks really cannot be measured. There are no techniques which can tell you a target in an unprecedented move, in a new price zone and more so, I would want to bring the notice to the fact that this is a month where people do not eat non-veg and in spite of that, this stock is running up. So I really have no clue as to why it is going and what could be the target." Link to comment Share on other sites More sharing options...
rovers1995 Posted October 23, 2010 Share Posted October 23, 2010 Apparently business men have been in the Rovers store today and in and around ewood park. Link to comment Share on other sites More sharing options...
chaddyrovers Posted October 23, 2010 Share Posted October 23, 2010 Apparently business men have been in the Rovers store today and in and around ewood park. Who told you this? Link to comment Share on other sites More sharing options...
ABBEY Posted October 23, 2010 Share Posted October 23, 2010 hughsey Link to comment Share on other sites More sharing options...
rovers1995 Posted October 23, 2010 Share Posted October 23, 2010 Who told you this? Someone posted on facebook that about 10 coloured business men in suits were looking around the shop and my mum has said that there were a lot of big posh cars parked behind the jack walker statue earlier on today Link to comment Share on other sites More sharing options...
Roverall Posted October 23, 2010 Share Posted October 23, 2010 Someone posted on facebook that about 10 coloured business men in suits were looking around the shop and my mum has said that there were a lot of big posh cars parked behind the jack walker statue earlier on today What colour were they? Link to comment Share on other sites More sharing options...
Fife Rover Posted October 23, 2010 Share Posted October 23, 2010 What colour were they? Is that really relevant? Who cares what colour they are? Link to comment Share on other sites More sharing options...
rovers1995 Posted October 23, 2010 Share Posted October 23, 2010 Don't like that word myself but was just relaying what i had been told. Link to comment Share on other sites More sharing options...
chaddyrovers Posted October 23, 2010 Share Posted October 23, 2010 interest news then. Maybe having meetings at Ewood Park today with JW and board. Nicko said yesterday he knew whch hotel they were staying him lasy night. Link to comment Share on other sites More sharing options...
Roverall Posted October 23, 2010 Share Posted October 23, 2010 Is that really relevant? Who cares what colour they are? Jesus wept Link to comment Share on other sites More sharing options...
Fife Rover Posted October 23, 2010 Share Posted October 23, 2010 Jesus wept Yes he most certainly would if he was around today. Link to comment Share on other sites More sharing options...
Iceman Posted October 23, 2010 Share Posted October 23, 2010 I hope they werent green little men Link to comment Share on other sites More sharing options...
philipl Posted October 23, 2010 Share Posted October 23, 2010 There is a very big very posh Asian wedding in town today! I think you have spotted some of the wedding guests. Link to comment Share on other sites More sharing options...
ABBEY Posted October 23, 2010 Share Posted October 23, 2010 pmsl phil Link to comment Share on other sites More sharing options...
Brownie Posted October 23, 2010 Share Posted October 23, 2010 Just been rested the same ie 10 Asian businessmen in club shop Link to comment Share on other sites More sharing options...
TimmyJimmy Posted October 23, 2010 Share Posted October 23, 2010 There's a difference between the company quoted on the Bombay SE and the private limited holding company. Only the figures for the publicly listed company are available and these are the news/commentary you are seeing against the ticker. The stock price rise reflects investor confidence and is probably driven by the company declarations of expansion plus it's recent Bangladesh launch. On the downside is the constant and recurring threat of Avian flu and the impact on the business so I guess diversification is no bad thing. However from what I know about Anuradha Desai (the chair of VH) she is 100% focussed on the poultry business (she's also the President of the World Poultry Science Association) and has a global vision for the Venky product set. She has a degree in law and an interest in psychology so I expect she has the smarts to understand the name recognition potential of BRFC on the global stage to help her fulfill that objective. The public domain quotations of VH's worth are all fractions of a billion GBP but I think this only a part of the total wealth of the wider group/family, that said in terms of modern day football club ownership they are not 'wadded'. So I believe the change of ownership will be steady, unspectacular, low key and safe. We should get a debt free club, an immediate but modest injection of transfer funds then a constant drip feed going forward. In the interim the EPL will be marketed throughout the sub continent, our profile will grow and grow and the Venky trademark will benefit and the poultry business will expand. All in all not the fireworks of Ali Syed but, as befits our club, a strong, focussed and relentless push into the future with a good ethical family in the background (again). Link to comment Share on other sites More sharing options...
den Posted October 23, 2010 Share Posted October 23, 2010 Just been rested the same ie 10 Asian businessmen in club shop 10 Asian business men arrested Brownie? Link to comment Share on other sites More sharing options...
broadsword Posted October 23, 2010 Share Posted October 23, 2010 "texted" I think he meant. So if venky did take over, what would over sponsors' logo look like (surely it's a given that they would want their company logo on the shirt)? something better than a black panel I would hope. "Oooooh, Venky Venky Venky Venky Venky Hatcheries." Link to comment Share on other sites More sharing options...
Brownie Posted October 23, 2010 Share Posted October 23, 2010 Thanks Bryan, predicted text on iPhone ! Link to comment Share on other sites More sharing options...
92er Posted October 23, 2010 Share Posted October 23, 2010 10 Asian business men arrested Brownie? In the Rovers store? Link to comment Share on other sites More sharing options...
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