IKF Technologies- Here's some food for thought

Till some time back, IKF Technologies was a favorite amongst investors. Here's some food for thought for all those interested in it. IKF Technologies Ltd. was incorporated on 22nd, February, 2000 in the name of IKF Software.com Limited to carry on the software development business, ITES-BPO and call center. The name of the company was changed to IKF Technologies Limited with effect from 5th July 2001. The above two lines speak volumes of the quality and the opportunistic behavior of the management. These lines are making a clarion call, that, the management lays more stress on the name, rather than the operations of the company. In early 2000, the software industry was booming, so they added software and dot com to their name. In those times, any company which came with the IPO and had software in its name, proved to be a multibagger within few days.

Now, what made the company change its name almost after 1 year of its public issue? Companies change name, when there's a drastic change in the operation of the company and when the core business of the company does not remain same. For, IKF , its core business was still software development and the only reason behind such a move could have been, the general dislike in 2001, for companies engaged in software business. That's why I said, the company is more into cashing in on the sentiments of the investors, rather then through their business activities.

These days the company is again into limelight, and the gullible investors are making a multibagger out of this penny stock. The reason for frenzy and excitement over this counter is quite understandable. IKF technologies has floated a subsidiary with the name IKF Green fuel ltd., which it says is one of the front runners in the bio-fuel industry. I am putting in these details, just to make you aware of the facts about the company.

Lets dig deep into the numbers

The company has been making tall claims since the beginning of year 2008 about its expansion into the bio-diesel industry, and the area under cover for the cultivation of jatropha plants. If we take into account the sales mix of the company for FY2008-09, then 99.99% of the revenue for the company came from IT enabled services. Now, its been more than 1 year, since the company started talking about bio-fuel, but even in the results, as latest as Jun'09, IT enabled services contribute almost 100% to the revenue of the company.

An interesting fact that came to my notice while going through their income statements, is that for quarter ending Dec'08, the company's expense on staff came down by more than 50% in comparison to the previous quarter. This, downward movement is suggestive of two things:

• The company's head count has been reduced to half. But, how can that happen for a company trying to expand itself into other businesses, and also looking for funds in the range of 400-500 crores.
• So, if the above point is ruled out, then the second case may be that the company is manipulating its accounts in order to report a higher Net profit.

Whatever may be the reason, but this thing makes me a bit skeptical about the activities of the management. Another point of concern, is that although the company has raised money by issuing GDR, but there has been a decrease in promoter holding, and they hold just about 8-9% in the company.

Business Analysis

The company has talked a lot about its bio diesel initiatives in the past, nothing substantial has happened so far. Going forward, even the IT and ITES segment revenue for the company will be affected, owing to the current global crisis. I read in one of their announcements, that an approval has been obtained for an alteration in the object clause of of the Memorandum of Association of the Companies Act, 1956 to enable the Company to commence the activity in the field of Telecommunication and Solar Power generation. The company is so small and has not been able to establish its other businesses well, but is trying to put its hands into too many things. This might not work out well for the company in the short term as well as in the long run.

Personally, I would not recommend this counter to any of my readers, as I am not confident about the management and the tall claims made by them. All the claims made by them, seem to be completely devoid of substance and it seems as if they just try to play on the mind of an innocent investor. If anyone is really bullish on bio-diesel, then one should look for companies which have already started production. One such company was discussed on MPS, when it was open for all.

Note: The stocks discussed at www.hbjcapital.com thru blog postings are neither a part of “10in3” not “Street Smart” issues which we publish for paid subscribers. These are just stock specific views by HBJ Capital team; one MUST do the due diligence before doing any investment based on our reco.

To contact the equity analyst on this story: Ekansh Mittal in Noida (New Delhi) at Ekansh@hbjcapital.com

July 31st : Live Market Trading Calls Updated @ SLT by JK [Profit = Rs7,950/lot in Nifty Future & Option for today]

We strongly conveyed to all our trading members yesterday that market will open 80-100pts on friday and today we have seen that. Again today when Nifty was 80pts we reco a short call on Nifty and look now mkt has come down, hence making a descent gains for our trading members. Apart from technical indicators, if you look at the European market, they opened almost flat to -ve and Asian market are in the range of 1-1.5% up. Indian market expected to perform in similar way. Just after the expiry there was run for Aug series of future, but we are sensing that smart money is slowly exiting from the counter after seeing good interest from the retail/DII.

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Snapshot of today's live Nifty future/option calls : Rs7,950/- profit per lot for today!!!

July 31st - 10:49am: Nifty 88pts up, we anticipated this move yesterday. Book partial profit in Nifty 4600 Call buy given @100 now Rs204 (Profit = Rs5200/lot): JK, HBJ Cap

July 31st - 1:09pm: Short Nifty Future around spot 4650-55, SL @4667, Tgt#1 4635, Tgt#2 4615, Tgt#3 4596. Buy Nifty 4600 Call Option @150 (now Rs196) only if mkt falls: JK

July 31st - 1:46pm: Nifty Future Tgt#1 4635 achieved (Profit =Rs1000/lot), book partial profit. Mkt likely to fall, look for Tgt#2 4615. Buy Nifty 4600 Call @3pm: JK

July 31st - 2:10pm: Nifty Future Tgt#2 4615 achieved (Profit =Rs2000/lot), book partial profit now. Mkt likely to fall further, look for Tgt#3 4596: JK, HBJ Capital

July 31st - 2:53pm: Nifty Future Tgt#3 revised to 4600, book complete profit (Rs2750). Don't take any fresh pos in Nifty 4600 Call, no clear direction for tomm: JK, HBJ Cap

July 31st - 2:56pm: Hope you are enjoying the trading calls after re-structuring of SLT from July 25th. Any suggestion/improvement are most welcome. - JK, HBJ Capital

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Keep watching JK @ http://www.stoplosstrade.com/ [Only for exclusive subscribers of SLT]:-

July 31st : Morning Call - Yesterday we strongly reco that mkt will go 80-100pts higher on friday and one can see that today.

July 31st : Mid Day Call : Mkt likely to shed some gains in the 2nd half, why not short Nifty and make some intraday gains?

July 31st : Closing Bell - Market did fell down as we anticipated in the afternoon; direction not clear for tomorrow, don't carry any position.

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- Team HBJ Capital

SBI – Q1 consolidated earnings up 68%

Recently, we covered SBI in one of our articles which can be accessed HERE. SBI, India’s largest bank has come out with its June quarter results. The standalone earnings for the quarter were reported to be around 2230 Crore, an increase of 36% from the corresponding period of the previous year. However, the consolidated earnings were higher at 2758 Crore, an increase of around 68% from around 1640 Crore of the FY 09 June quarter. Clearly most of the brokerages were not expecting such high numbers from SBI and the results were really beyond what they were estimating.

The good results were mainly on back of the drop in the government debt paper yields since it boosted the value of the bond holdings. SBI is already contributing for more than 20% of India’s banking assets and it continues to increase its market share in loans and deposits. Bhatt has been aggressive in recruiting more talents, reducing the rates, opening more branches mainly in rural areas and thereby increasing his new customers and hence more deposits. He was doing all of these in the last 12 months period when most of the other banks were not sure what to do.

However, it should be noted that all banks have been coming out with better than expected results mainly on back of the treasury incomes and trading gains. Most of the banks had reduced their lending exposure and preferred to park their money with RBI and government bonds. The surplus or the total amount invested was so huge and that has been yielding the better than expected results.

Trading in bonds and currencies resulted in a pretax profit for treasury operations of around 4000 crore compared with a loss of around 800 crore a year earlier. Net interest income or the difference between the income earned on loans by the bank and the interest paid on deposits increase by around 4.3% to about 5000 Crore. Bad loans increased by around 40% to about 15,300 from around 10,800 crore a year earlier.

The bank is currently expanding its network which stands at more than 11,800 branches in India. The bank has been reducing costs by reducing the interest rates paid on deposits. The bank has collected huge amount of deposits last year – almost to the tune of around 1000 crore a day during the last few months.


To contact the equity analyst on this story: Arun Gopalan in Chennai at Arun@hbjcapital.com

Acrysil Ltd.- A blend of risks & opportunities

Acrysil is definitely a right balance of risks and opportunities. It's a company which is into manufacturing kitchen sinks. One would think that what makes me write on just any other kitchen sink manufacturing company. There is something unique about their sinks and that is, that about 75-80% of the material used in making it is Quartz mineral, cast by a means of special computer controlled polymerization casting process.

Their unique product in terms of quality and design makes then different from other stainless steel sinks available in the market as they are completely scratch free (Quartz being one of the hardest material) and have aesthetic looks. Even it provides the flexibility of choosing from a wide range of colors, thus matching it with the color of the walls of the kitchen.

The company has been reporting high NPM (net profit margin) in the range of 15-17%.The business has performed well, with productivity gains, growth in volumes and sustained margins notwithstanding rise in input costs. In the nine months ending Dec'08 the company had already posted sales of 42.7 Cr which was more than the entire sales of FY2007-08 at 30.3 Cr. Even the profit for nine months ending Dec'08 stood at 6.96 Cr, more than double of the 3.6 Cr for the entire FY2007-08. However, during the Mar'09 quarter, the company reported a substantial drop in sales. The revenue actually dipped by 50% in comparison to previous quarters, thus affecting the margins.

The company basically exports its sinks and that is understandable since in India the demand for high-end products is limited, but the thing is that demand can actually catch up in Metros where there is an inclination for such kind of products.

The company as of now is enjoying good overseas market and intends to establish its footprints outside India before making way into India. There may be good opportunities for this company, but one needs to assess the risks as well.

• The company depends on just one product for its growth. It can make or break the company in the years ahead.
• It has been enjoying very good growth over the last few years, but it still depends on exports for its revenues.
• It is to be seen, if the latest quarter results can in any way be termed as a general slackening of demand for its product

In the past, the company has performed exceptionally well, and is available at quite cheap valuations. One needs to assess both risks and opportunities before taking a decision on it.

Note: The stocks discussed at www.hbjcapital.com thru blog postings are neither a part of “10in3” not “Street Smart” issues which we publish for paid subscribers. These are just stock specific views by HBJ Capital team; one MUST do the due diligence before doing any investment based on our reco.

To contact the equity analyst on this story: Ekansh Mittal in Noida (New Delhi) at Ekansh@hbjcapital.com

HBJ Capital's Offerings from SLT (www.stoplosstrade.com) : Make Money Combo Trading Package [Nifty/Stock Future & Option Calls + Cash Market Calls]

[SMS : "Trial - {Your Name}" to 098867 36791]

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Most popular product from HBJ Capital

(SLT's "Make Money Trading Package")

with 85-90% accuracy after re-structuring.

[Note: We have limited number of subscription open for this package because each subscribe gets personal support from a senior associate, hence when we run out of bandwidth, we stop taking new subscribers. Only 100 subscribers per associate is allowed, early confirmation from potential subscribers will help them get the slot else one need to be in waiting list for 2-3 months before we can provide you the confirmed subscription. Especially applicable for "Make Money Trading Calls Package".]

"Make Money Package" from SLT : Trading Services & Pricing Details

Effective from May 18th, SLT (http://www.stoplosstrade.com/ ) division got spin-off from HBJ Capital (http://www.hbjcapital.com/ ) and became independent entity providing specialised trading calls on Nifty/Stock Future/Option. Our client list includes many sub-brokers, HNI and institutions apart from retail investors/traders. Our business model is diff from other's. We own your profitability, we ensure that you make maximum profit or minimize the losses. Our focus will be quality of calls not the quantity, tracking & follow-up will be done every 30min. With 100% conversion rate till now (trial to subscription) we stand out of the crowd.

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http://www.stoplosstrade.com/ (SLT) - This portal focus on Nifty/Stocks Future & Option + Cash Mkt Trading Calls ["Make Money Trading Call Package" @ Rs35K per year]

New subscribers of "Make Money Trading Package" @ subscription charge of Rs35K per year!!!

You will be getting the following services & support:-

#1) Daily FnO Calls (Most popular among trading community) - With success rate of 85-90% (after restructuring), our trading calls are most popular product as on today. We believe in educating the traders at the same time helping them make descent gains with discipline trading. Positional Calls (& Swing trading) on Nifty/Stocks future/options are provided thru sms/calls/chat. Daily min 3-4 calls will be provided out of which 3 will be intraday and 1 of call will be positional. At any point of time at most 2 position will be outstanding.

#2) 4-8 Double Circuit stock reco per month - Short term cash mkt delivery calls with 20-25% upside, max 2-4 stock reco per week. Delivery based calls from momentum stocks with good upside.

#3) Live market update & next market move by JK, Senior Technical Analyst @ SLT

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Description of the package: This is one of the classic package from SLT, where our technical analyst will do hand holding and make sure that you make a descent profit. This value added and premium service is for those who can spent at least 2-3hrs in the market. Risk in this trading calls will be very low but superior returns and much secure. The reason behind lowest risk is, a subscriber will be supported on call by a technical analyst during market hours. In this service we will be providing you with an excellent intraday & positional Nifty/Stock Future /Option Calls along with Cash market calls. This service is basically for NSE Nifty/Stock Future/Option Traders. We deliver this service with a very sophisticated SMS System where in we make sure the deliverability of message much before on time so that you get adequate time to enter the trade.

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Capital Requirement: Min. INR 1 lakh to INR 3 lakhs.
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Salient Features:

• You can leave all the trading worries to us and just look at the calls and execute the trade accordingly.
• Less trading, more earning. No overtrading.
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The objective:- To earn a return of 30-40% per month on your capital.

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• 1 month = Rs 12,000
• 3 months = Rs 18,000
• 6 months = Rs 25,000
• 12 months = Rs35,000

We assure you 85-90% accuracy in this plan on consistent basis.

What you will be getting?

1. Daily 2-3 Nifty/Stock Futures/Option Calls with Proper TGT.
2. Daily 2-3 Stock Cash Market Calls with Proper TGT.
3. Follow Ups & All Important News & Information.
4. Nifty Review, Resistance & Support.
5. Daily Market Update on http://www.stoplosstrade.com/. You will have access to this portal for all type of views/news/market movement.
6. On-Call Support will be provided, for every subscribers there will be a technical analyst who will look after or monitor the position of your calls.

Medium of Calls:-

• Calls Will Be Given Only On SMS & Yahoo/Gtalk Chat.
• Indian Clients: All GSM & CDMA Networks Covered.
• Global Clients: Calls will be given thru Yahoo/Gtalk Chat.

Sample & Follow-Ups Calls:-

• BUY GMRINFRA AUG FUT ABOVE 102 SL 100 TGT 105/108.
• BUY GMRINFRA AUG 100 CALL OPT ABOVE 10 SL 9 TGT 15/16.

Follow-Ups:-

• BOOK 30% PROFIT IN GMRINFRA AUG 100 CALL OPT AT 14 AND MOVE UR SL TO 14.

Regards,
JK, Senior Technical Analyst, HBJ Capital

HBJ Cap's Offerings: #1. "Multibagger Package - Small/Mid Cap" , #2. "Trading Calls (Future/Option/Cash)" & #3. "Penny Stocks Package"

Latest Offerings from HBJ Capital

[Note: We have limited number of subscription open for each package because each subscribe gets support from a senior associate dedicated 24x7 for him/her who does portfolio tuning, counseling & new portfolio designing, hence when we run out of bandwidth, we stop taking new subscribers. Only 100 subscribers per associate is allowed, early confirmation from potential subscribers will help them get the slot else one need to be in waiting list for 2-3 months before we can provide you the confirmed subscription. Especially applicable for "Make Money Trading Calls Package".]

We have three prime areas of operation [all focused operation] & We are #1 in what all we do.

1. www.hbjcapital.com (HBJ) - Focus on small/mid caps stocks for long/medium/short term investment ["Multibagger Package" @ Rs15K per year]
2. www.stoplosstrade.com (SLT) - Focus on Nifty/Stocks Future & Option + Cash Mkt Trading Calls ["Make Money Trading Call Package" @ Rs35K per]
3. www.multibaggerpennystocks.com (MPS) - Focus on only long/medium/short term Penny Stocks ["Penny Stock Package" @ Rs15K per year]

The 3 most popular packages are mentioned below....

#1. "Multibagger Package - Small/Mid Cap Focus : Here you will be getting the following multibagger research reports & short term stock reco thru e-mail for next 1 year.

1. [Long term reco] - 6 issues of 10in3 (Small Cap with 10x in 3 years return) stock research report
2. [Long term reco] - 6 issues of Street Smart (Mid-Cap with 3-4x in 3 years) research report
3. [Medium term reco] - 12 issues of Inside Value Pick (Expect 100% return in 6-12 months) research report.
4. [Short term reco] - 12-24 issues of Double Circuit stock reco (Short term cash mkt delivery calls with 20-25% upside, max 2 stock reco per month)
5. [Monthly Update] - 12 issues of Flash Back (Last 1 year reco & its monthly update) report.

Pls download the sample live research reports sent to paid subscribers for 10in3/SS/BI:-

• Check out :- Download all our research reports from scribd.com [All FREE reports at one place for download]
• Sample "10in3" Report : 10 times in 3 years: Arshiya International Ltd [Link to download
• Sample "10in3" Report : 10 times in 3 years: Sarda Energy [Link to download]
• Sample "10in3" Report : 10 times in 3 years: Camson Biotech [Link to download]
• Sample "Street Smart" Report : 4 times in 3 years: Tulip Telecom [Link to download]
• Sample "Business Insights - A wealth creating penny stock" Research Report : Expect 20-50 times in 3-5 years: Confidence Petroleum Ltd [Link to download]

These are the freebies you will get as a part of this package:-

1. Last 12 multibagger stock reco from HBJ Capital FREE!!!
2. Latest 6 multibagger research reports (detailed report) from HBJ Capital FREE!!!
3. Latest 6 multibagger research reports from MPS (Wealth Creating Penny Stocks) FREE!!!

The above 'Multibagger Package" of HBJ Cap will cost Rs15,000/- per year.

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#2. "Make Money : Trading Call Package [Nifty/Stock Future & Option + Cash Market Calls" - Our trading calls unit www.stoplosstrade.com got demerged from HBJ Capital on May 17th and after that SLT has independent operation with the following offerings:-

1. Daily FnO Calls (Most popular among trading community) - With success rate of 90-95% (Based on FY09) or more, our trading calls are most popular product as on today after restructuring done on July 25th 2009. We believe in educating the traders at the same time helping them make descent gains with discipline trading. Positional Calls (& Swing trading) on Nifty/Stocks future/options are provided thru sms/calls/chat. Daily min 3-4 calls will be provided out of which 3 will be intraday and 1 of call will be positional. At any point of time at most 2 position will be outstanding.
2. 4-8 Double Circuit stock reco per month (Short term cash mkt delivery calls with 20-25% upside, max 2 stocks reco per week. Delivery based calls from momentum stocks with good upside.
3. Live market update & next market move by JK, Senior Technical Analyst @ SLT

The above "Trading Call Package" of SLT will cost Rs35000/- per year (or Rs12,000 per month).

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#3. "Penny Stock Package" from MPS : ONLY Penny Stocks - Our penny stock focus unit MPS (http://www.multibaggerpennystocks.com/) got demerged from HBJ Capital (http://www.hbjcapital.com/) from June 29th. The complete package for penny stock is mentioned below. Anyone who are only interested in investing/trading in penny stocks should go for this package.

1. [Long term reco] - 12 issues of "Business Insights" per year - A long term wealth creating penny stocks with potential return of 15-30 times in 3-5 years holdings. A class of stocks that are widely overlooked by Street but can yield massive returns. Hugely profitable companies with high intrinsic values and low stock prices. Stocks under Rs10, Undervalued, Undiscovered & good potential upside. We scan thru 100s of penny stocks to discover 1 for "Business Insight" report. Download the sample stock - Link
2. [Medium term reco] - 12 issues of "Value Picks" - These are medium term penny stocks with potential upside of 100% in holding period of 3-6 months. There will be 1 stock reco per month from with medium term approach & low risk.
3. [Short term reco] - 24 issues of "Instant Profit" per year - These are short term penny stocks, well researched and momentum stocks. At least 24 penny stocks will be reco per year as "Instant Profit". Purpose will be to have at least 30-40% or more returns per month hence stock reco count might differ depending on overall market sentiments. To be on the conservative side we have mentioned just 12. Not only this, once in a two days follow-ups will be provided for each "Instant Profit" reco at www.multibaggerpennystocks.com so that you should get a proper support from us on time.
4. [Monthly Update] - 12 issues of "Flash Back Report" per year - Why 12? It is because for penny stocks we need frequent tracking, hence follow-ups will be provided once in a fortnight for "Business Insights". You will be either getting these update at MPS site or a report will be e-mailed to you.

These are the freebies you will get as a part of this package:-

• Latest 12 multibagger stock reco from HBJ & MPS Unit (Wealth Creating Penny Stocks) FREE!!!
• Latest 6 multibagger stock reco from HBJ Capital from Small/Mid-Caps.
• Latest 6 multibagger stock reco from MPS from Penny Stocks.

The above penny stock package of MPS will cost Rs15,000/- per year.

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HBJ Capital's Support to all our clients [applicable to all the packages, without personal support above services are not complete ]

As a part of HBJ Cap's Services we will have various type of reports called 10in3, Street Smart, Value Picks, Business Insight, Instant Profit, Double Circuit etc. In HBJ Capital's Support you will be getting the following facility from us :-

1. Once you subscribe for the HBJ Capital's Paid Services, you will get the acknowledgment from our finance dept (M/S Payal Saha) along with dispatch schedule for previous reports and all the previous reports will be sent on the same day as per your plan selected.
2. One senior associate will be assigned to you (his cell#, e-mail etc will be provided) dedicated for you 24x7 for any type of queries. You are free to ask anything about any stock, about economy etc. We will provide e-mail response with 24hrs.
3. We will look forward your existing holdings/portfolio, for the purpose of portfolio health check. So that we can suggest which stock to hold/sell or buy.
4. We will conduct a small interview/counseling (10-15min brief discussion one to one thru phone) of yours to understand the risk profile, age, responsibilities, short/long term goals etc in order to design the new portfolio suitable for you. Without understanding your needs we will not be able to create your portfolio which can help you to achieve your short & long term goals.
5. Once model portfolio is ready for you. Start investing in those stocks which are reco as buy and the price levels mentioned in that. Also refer flash back every month and do SIP ways of investment.
6. Once in every quarter we will do the health check of your portfolio and guide you accordingly. We will ensure that your portfolio is helping you to get the returns you planned for.

In nut shell, you are not paying for research report or reco but for the financial security, we are ready to own your worry or tension or risk of investment in equity. Hence, think long term wealth, think HBJ Capital.

To know more about the above packages, pls call
Sandeep Jain @ 98867 36791 or e-mail to Info@hbjcapital.com

July 30th : Live Market Trading Calls Updated @ SLT by JK, Senior Technical Analyst

In India there was consolidation in the range of Nifty 4400-4550 for quit a few days, now it is time for us to take a direction. Corporate results are over and RBI is also done with their policies. Usually an investors mind waits for events to get over to take a call. Looking at the huge long build-ups in Aug future which is trading at 10 points premium to spot clearly says that one need to be in the long side at least for the 1st week of Aug.

Snapshot of today's live Nifty future calls : Rs2,000/- profit per lot for today!!!

July 30th, 11:11am - Buy Nifty Future around 4505-4510, SL @ 4485, Tgt#1 4530, Tgt#2 4555, Tgt#3 4570. Nifty 4600 Call Option (Aug) buy reco given @100 now @136, Tgt150+ :JK, HBJ Cap
July 30th, 12:00am - Nifty Future Tgt#1 4530 achieved, book partial profit (Rs1250/lot), look for Tgt#2 4555. Nifty 4600 Call Option (Aug) buy reco given @100 now @145, Tgt150+ :JK
July 30th, 1:02pm - Limited upside for Nifty above 4535-40. Book complete profit(Rs2000/lot) in Nifty Future long position. Book partial profit (Rs2000/lot) in Nifty 4600 Call: JK

Keep watching live market update @ www.stoplosstrade.com [Only for exclusive subscribers of SLT]:-
July 30th: Closing Bell - Nifty has moved up well 1%, still one can expect 1-2% upside tomorrow. After expiry going long will be a right move.
July 30th : Mid Day Call - Mkt did bounced back from day's low, expected it to fall & close flat.
July 30th : Morning Call - Mkt doesn't seems to be moving wild either side, expect a flat closure today, not a good trading day for day traders.
- Team HBJ Capital

Clarification: Restricted access to SLT & MPS for only exclusive subscribers of SLT & MPS is only for providing them short term calls & follow-ups.

Dear All,

All the trading related, economy related or penny stocks related posted done by JK & Ekansh team will start happening at HBJ (www.hbjcapital.com). There is some confusion among readers that they will not be able to access SLT & MPS contents effective from July 30th. Access restriction is done in order to provide short term trading calls & follow-ups to the exclusive users of SLT & MPS, the actual contents will be published at www.hbjcapital.com.

All the daily postings which use to happen at SLT & MPS will move to www.hbjcapital.com and it will be accessible to all of you, so that readers can get views on various aspects of economy, stock etc. Going forward there will be single point of contact and info for all of us and it will be HBJ Capital’s main portal www.hbjcapital.com.

In fact we have plan to drop SLT & MPS portal in future because a new interface is getting developed for HBJ Capital which will be live sometime in Aug-Sept’09. Please feel free to write us at Info@hbjcapital.com (if any concern). In nutshell, we will have only one portal or blog going forward which will be the face of HBJ Capital.

-Team HBJ Capital

MPS Update: From July 30th MPS Portal will be accessable ONLY to exclusive subscribers of MPS. [Instant Profit stock reco released today @ MPS Portal]

Are you a penny stock lover? Do you want to make 30-40% risk free return per month? Do you like trading in high volumes like 50 thousands or 1 lac stocks @ just Re 1 or even Re0.50? Then MPS is the best place for you!!!

Introduction to "Jackpot Package" of MPS Unit

We have seperate MPS (Only Penny Stocks Offerings called "Jackpot Package") offerings, the details of which are mentioned below :-

1. 12 issues of "Business Insights" per year - A long term wealth creating penny stocks with potential return of 15-30 times in 3-5 years holdings. We scan thru 100s of penny stocks to discover 1 for "Business Insight" report. Download the sample stock - Link
2. 12 to 24 issues of "Instant Profit" per year - These are short term penny stocks, well researched and momuntum stocks. At least 12 penny stocks & at most 24 penny stocks will be reco per year as "Instant Profit". Purpose will be to have at least 30-40% or more returns per month hence stock reco count might differ depending on over all market sentiments. To be on the conservative side we have mentioned just 12. Not only this, once in a two days follow-ups will be provided for each "Instant Profit" reco at www.multibaggerpennystocks.com so that you should get a proper support from us.
3. 24 issues of "Flash Back Report" per year - Why 24? It is because for penny stocks we need frequent tracking, hence follow-ups will be provided once in a fortnight for "Business Insights". You will be either getting these update at MPS site or a report will be e-mailed to you.
4. Access to www.multibaggerpennystocks.com will be exclusively for MPS subscribers effective from July 30th. Subscribers of HBJ Capital's "Multibagger Package" or "Trading Package" will not have access to MPS site from July 30th.

Above services will come with Rs15K as annual subscription fee, but for existing subscribers of HBJ Capital after loyalty discount, it will be just Rs12K and that too only till Aug 15th 2009.

To know more about the above package, pls call Sandeep Jain @ 98867 36791 or e-mail to Info@hbjcapital.com

- Team MPS

GVK PIL - Revenues could go 10 times from here in 3 years

I used to have the first look at the Mcap, Recent revenues and profits, EPS and the PE. I had the same first look and was taken aback to see this company commanding a PE of around 55 based on the recent EPS of .77 for the financial year FY09.

The margins at just more than 20% was really impressive for such an infra player, but why a PE of 55? Well, a look into their plans for the next 3 years cemented the views markets are forward looking. Yes, if the estimates are any indicators to go by, the revenues are expected to more than triple in a year and move by more than 10 times in the next 3 years.

Let's see what the company's recent performance was. For the financial year FY09, the company reported total revenues of around 513 crore and net profits of 107 crore. A peep into the segment wise results shows that most of the revenues have come from the power division while the true money spinner has been the road division. The power division contributed to around 70% of the revenues, the roads division made up for 28%, while the rest came from Airport, Aviation, SEZ and the investment companies.

Let's see what's in store going forward.

Power division - For the financial year FY09, the power plant at Jegurupadu 1 was the only truly operational unit. The other two units Jegurupadu 2 and Gautami were based on gas and they really did not have any kind of operational levels due to the non availability of gas.
Jegurupadu 1 has a capacity of 216.8 MW, while the second phase and the Gautami plant have capacities of 220 MW and 464 MW respectively. GVK has signed agreements with RIL for the gas supplies and both the second phase of Jegurupadu and Gautami are operational now.
From the above three plants alone, the company is expecting total output of around 900 MW for the financial year FY 10. The revenues from these three plants combined is expected to be more than 1500 crore. And this alone will more than triple the FY 09 revenues.

The above 3 plants are already existing and currently operational. The further plans of the power division include capacity additions in the three plants by 1200 to 1500 MW, 330 MW hydro electric power project being developed in Uttarkhand, 540 MW thermal plant being developed in Punjab and another 370 MW hydro electric power project in Uttarkhand. All the above said power projects that are under construction and the capacity additions that have been planned will become operational at various time points in the next 3 to 4 years.

I believe other than the Gautami plant, the other power projects are owned 100% by the company. In Gautami, GVK PIL has only 51% stake. The company's asset base is huge and has more than 60% holdings by the promoters. Most of the above said power projects are already funded.

Airport Division - Mumbai Airport Authority Limited - MIAL is the entity that is currently developing the Mumbai Airport on a BOO basis with an initial term of 30 years and this can be extended to another 30 years. In MIAL, GVK led consortium owns 74% while AAI owns 26%. GVK PIL as such owns 37% in MIAL, while the rest is held by other players in the consortium. The airport currently has the capacity to handle 22.25 million passengers and 4.8 lac tonnes of Cargo annually.

With the up gradation that the company is doing, it is expected to handle 40 million passengers and 1 million tonnes of Cargo by 2012. The revenue sharing will 37% for AAI, while the rest is for the GVK led consortium. The turnover from the Mumbai Airport was at 955 crore in FY 09 but the profits were lower. The company has the potential to unlock the value in the real estate assets in the Mumbai Airport. The available land bank is estimated to be around 135 acres.

However, the up gradation of the airport is currently running behind schedule and the target of 2012 may not be achievable.

Here is something for the gossip lovers - Some reports claim that the Mumbai airport land that is currently available is value at around 50,000 crore and GVK has 37% ownership of this, which works out to around 18,000 crore.

Others -
The road division will continue to be a money spinner, since the company is currently collecting only the tolls and the maintenance cost is coming down. It reported profits of around 80 crore from a revenue of around 145 crore.

The company is currently developing a 3000 acre SEZ in TN along with TIDCO. The SEZ is expected to generate annual revenues of around 6000 crore.

GVK PIL has drawn up ambitious plans for the next few years and as said before they could catapult the revenues to higher levels. This is a company which has the experience in power development projects. The Airport development project is expected to be behind schedule. However, the valuations on the land bank that is being carried out officially by the company seems to present a bigger opportunity. The company has less debt, high promoter holding, higher assets, no pledged shares and the resources to get the plans to reality. Though the plans may get delayed, it is highly likely that they would happen.

To contact the equity analyst on this story: Arun Gopalan in Chennai at Arun@hbjcapital.com

July 29th : Live Market Trading Calls Updated @ SLT by JK, Senior Technical Analyst

One strategy can be to buy Nifty call option of Aug when the market takes a dip today, because we are +ve on the market in short term, especially for Aug month. Second strategies can be going short in the Nifty future because some type of sell-off in the market can't be ruled out today, look for ~1% down.

Snapshot of today's live Nifty future calls : Rs5,000/- profit per lot already made till now!!!

July 29th, 11:05am - Short Nifty Future around 4560-4565, SL @ 4575, Tgt#1 4540, Tgt#2 4525. Mkt likely to fall ~1% today: JK, HBJ Capital
July 29th, 11:44am - Nifty Future Tgt#1 4540 achieved, book partial profit [Rs 1250/lot] now. Mkt is likely to fall further, hence hold the remaining short pos: JK, HBJ
July 29th, 11:50am - Nifty Future Tgt#2 4525 achieved, book partial profit [Rs 2000/lot] now. Pls set now Tgt#3 to 4510. Mkt will fall further: JK, HBJ Cap
July 29th, 11:55am - Nifty Future Tgt#3 4510 achieved, book complete profit [Rs 2750/lot] now. Mkt might fall another 10-20pts but take profit off the table: JK, HBJ Cap

July 29th, 1:25pm - Buy Nifty Future @4470-72 (future price), SL @ 4450, Tgt#1 4495, Tgt#4515. Hold Nifty 4600 Call Option (Aug) bought @100-110, SL @ 85, Tgt150+ :JK, HBJ
July 29th, 1:39pm - Nifty Future Tgt#1 4495 achieved, book partial profit [Rs 1250/lot]. Mkt will continue recovery. You MUST buy Nifty 4600 Call Option of Aug Series: JK, HBJ
July 29th, 1:48pm - Nifty Future Tgt#2 4515 achieved, book complete profit [Rs 2250/lot]. We don't see further upside from here today: JK, HBJ Capital
July 29th, 2:00pm - Profit in Nifty fut short & long call for the day is Rs2750 + Rs2250 = Rs5000/lot. During last 2 weeks every day 100% accuracy. Daily profit of Rs2500-5000: HBJ Capital

Keep watching live market update @ www.stoplosstrade.com [Only for exclusive subscribers of SLT]:-

July 29th : Morning Call - Mkt likely to fall today (~1% down), be in the short side of the market to make intraday gains.
July 29th : Mid-Day Call - Expect bounce back from low, Nifty likely to close 1-1.5% (50-60pts) down.
July 29th : Closing Bell - Don't keep any positions open for tomorrow, mkt can move eitherway, likely move I can sense is flat or just +/-1% for tomm.

- Team HBJ Capital

Adani Power already oversubscribed by 4 times

Touted as the biggest IPO in the Indian markets after Reliance Power IPO, APL has had a very good start. APL IPO will be the 7th largest IPO in the Indian bourses (without accounting for money value changes). The APL IPO has been oversubscribed by 4 times already. Given the huge size of the IPO, getting oversubscribed that many times on the first day itself speaks the attractiveness of the company to the investors. However, we are yet to see if APL can achieve the rare accomplishment of Reliance power.

When the Reliance power IPO closed, it was oversubscribed by 69 times. Well, the worth of 69 times is almost 180 billion USD. Yes, 180 billion USD was almost the combined market value of the then Portuguese and Czech stock markets. I am sure many ppl will not forget Reliance power IPO for various reasons. I could still remember many paying several thousands just for other investor's IPO application, dreaming of minting money in days. However, we all know what happened since then.

Ahmedabad based APL plans to raise around 2700 crore by selling around 30 crore shares at a price band of 90 – 100. Unlike Reliance power, the company is already generating power and the company is expected to report around 1500 crore in net profits this fiscal.

The company has reported that it has financed almost 4.6 billion USD of the 5.8 billion USD needed for its expansion plans through debt. The company has already locked buyers for around 70% of the energy that the plants being built at Mundra (Gujarat) and Tiroda (Maharashtra) will generate. There seems to be a stable income coming out of the company for the next several years. Construction at Mundra has been smooth so far; but the one at Tiroda has seen some local resistance.

The demand from bigger institutions or the anchor investors seem to be huge. According to the listing rules, institutions can buy up to 60% of the shares on offer in a sale. It was only last month that SEBI had allowed 30% of the part reserved for institutional buyers to be sold to anchor investors before the issue opening.

Six anchor investors including T.Rowe Price, CLSA, Credit Suisse, Ecofin, AIC advantage fund and Sundaram BNP Paribas mutual fund have picked up stakes at Rs. 95 a share.

To contact the equity analyst on this story: Arun Gopalan in Chennai at Arun@hbjcapital.com

Affordable Housing- The way to go for real estate companies

The real estate developers in affordable housing will rule the roost in the next major run-up of real estate companies. There are already many established and good penny stock companies available from this sector.

To know more about the recent developments in this space

Plz visit:- www.multibaggerpennystocks.com

July 28th : Live Market Trading Calls from JK [Rs2750/lot profit today in Nifty Future Calls] - 100% successful calls every day during last 2 weeks

July 28th : Live Market Trading Calls from JK - Just have a look at the live calls which was updated at www.stoplosstrade.com & sent to paid subscribers thru sms.

• July 28th, 10:58am - Buy Nifty Future around spot 4540-4545, SL @ 4528, Tgt#1 4570 & Tgt#2 4595. We are expecting mkt to bounce back, hence stay with long: JK, HBJ Cap
• July 28th, 11:22am - RBI Policy Update: CRR- Unchanged; Repo Rate- Unchanged; Reverse Repo Rate- Unchanged. Impact on the market: Simple, it will continue upside, stay long: JK, HBJ Cap
• July 28th, 12:50pm - Book partial profit in Nifty Future tgt#1 4570(Profit = Rs1500/lot). Mkt will continue upside: JK, HBJ
• July 28th, 1:40pm - Book complete profit in Nifty Future tgt#2 4595 (Profit = Rs2750/lot). With this call we have had 100% successful calls every day during last 2 weeks: JK, HBJ

Live Market Updates:-
July 28th : Closing Bell - We are at critical junction from where direction will be dictated by open interest positions.
July 28th : Mid-Day Call - Profit booking almost done, RBI policy event over now, market will continue upside journey!!!
July 28th : Morning Call - On need to play in the long side of the market today; HBJ Cap see upside today.

What should be the next move for traders tomorrow?
[JK] - Don't keep any open position for tomorrow, let see the market mood 1st and we will act accordingly. Likely move for next 2-3 days will be one day sharp downside and two days small bounce back. Finally we will remain at the current levels, we don't see either side breakout in next couple of days.

- Team HBJ Capital

"10in3 - Small Cap" & "BI - Penny Stock" reco for July'09 [Upper Circuit from last 2 days] : Expect Upper Circuit to continue for next 5-6 days!!!

Dear Subscribers,

This is just an update on the recent stock price movement in our latest two reco - "10in3" (10x in 3 years) & "Business Insights" (Wealth Creating Penny Stock) for the month of July'09 which are frozen at upper circuit from last 2-3 trading sessions.

One can expect "Upper Circuit" to continue for next 5-6 trading days assuming that the market trend will be positive in near terms. We would suggest all the subscribers to accumulate & invest 30% of the planned investment. (30% of the planned investment for that particular scrip, SIP ways).

HBJ Capital's team will continue their journey in order to discover the next multibagger for you month on month. Also find the related articles posted earlier.

1. Can you afford to miss a 10 bagger "10in3 Stock" & 30 bagger "BI - Penny Stock" just because of 1 day delay in subscription?
2. Releasing Today: Are you looking for 30-50 times returns in 3-5 years? - Only "Business Insight" stock reco from MPS has such potential.
3. Releasing Today : "10in3 Stock Reco (10x in 3 years) - Small Cap Multibagger" for the month of July 2009.
4. Restricted access to www.stoplosstrade.com (Trading Calls Focus) & www.multibaggerpennystocks.com (Penny Stocks Focus).

Note: MPS for the month of July'09 which is due for today will be sent to all the exclusive MPS subscribers (sms alert already sent) & those who subscribed for HBJ Cap's "Multibagger Package" in the month of July'09. HBJ Capital's "Multibagger Package" subscribers will receive ONLY 4 issues of "Business Insights" per year, 1 issue per quarter.

In order to get the "MPS Penny Stock Package" or "HBJ Cap's Multibagger Package" pls call 98867 36791 or e-mail to Info@hbjcapital.com

- Team HBJ Capital

Releasing Today: Are you looking for 30-50 times returns in 3-5 years? - Only "Business Insight" stock reco from MPS has such potential.

[This Penny Stock is ONLY for the exclusive MPS Subscribes]

Life changing opportunities, knocking at the door, are you hearing!!!

Are you a high risk taker? Do we really need to ask such questions to a stock market investors/traders? No, because anyone who invest in equity must understand that risk will always be there, it is part & parcel of life. Only way one can mitigate the risk is to consult a trusted and reputed specialist from the investment world, who understand the rule of money game and keeps a tab on the economy or stock to be more precise.

And when you are willing to transfer all your risk & worries to HBJ Capital, then you MUST take exposure in penny stocks supported by MPS unit because their "Business Insights - A Wealth Creating Penny Stocks" has potentail to give 30-50 times returns in next 3-5 years of holdings. Can you imagine, your 1 lac investment will become 30-50 lac in just 3-5 years!!!

MPS team is coming up with one such reco for the month of July available for ONLY MPS subscribers (refer one sample reco from MPS open for public Link).

The salient feature of that wealth creating penny stock for the month of July'09 is (available to only the new subscribers of MPS subscribing before July 25th):-

1. The company under coverage is a first company to foray into the business in India, and is the only listed company in it's space. First mover advantage will always be there with this wealth creating stock.
2. The company's professional services are in huge demand in Metros, on account of expanding foreign tourism, and rising income of the middle class. Scale of opportunity is very high because company is in the business of solving the common problem. The service provided is a mix of convenience, safety, security and comfort, and this translates into a big business opportunity.
3. The market size of such services is going to be in the range of 8000-10000 Cr in a matter of 3-4 years, whereas the market cap of the company stands at just Rs 12 Cr, and that too when it is amongst the leaders in its business.
4. Also, the company is still undiscovered, as the business took off as late as 2006, so big fund houses have not jumped on to it yet. This will give the subscribers, an early mover advantage.
5. The opportunities run into more than 100 times for this company,as there are only a dozen players operating in the business, and this makes it one of the best available investment options in the market.

Are you still waiting!!! Grab this potential 30-50 bagger stock in next 3-5 years from MPS Unit. Subscribe for MPS Paid Services, for this call 98867 36791 or e-mail to Info@hbjcapital.com

-Team HBJ Capital

Restricted access to www.stoplosstrade.com (Trading Calls Focus) & www.multibaggerpennystocks.com (Penny Stocks Focus).

Dear Friends,

HBJ Capital always believes in the fact that information sharing doesn’t know any barrier whether a reader is a paid subscriber or free? It is always our endeavor to provide an independent views thru post, e-mail or calls to anyone seeking info on any stocks.

We consistently provide or say educate our investment community with superior contents and right guidance. In order to keep our promises we will continue to post our views on various topics related with stocks/economy/investment gyan etc at www.hbjcapital.com. It (HBJ Capital - http://www.hbjcapital.com/) will remain as one single point destination for all our views.

At the same time in order to provide advantage or value for money to our paid subscribers of SLT & MPS, we will have restricted access to the following two dedicated sites, they will be available ONLY for our PAID subscribers.

1. www.stoplosstrade.com – Trading Calls Focus [Restricted access, available only to SLT PAID subscriber effective from 25th July 2009]


2. www.multibaggerpennystocks.com – Penny Stock Focus [Restricted access, available only to MPS PAID subscriber effective from 30th July 2009]

Note: A separate communication will be sent to all the paid subscribers on this & how to access these portals. Going forward we will enhance the quality of the content and make sure you get unbiased and true investment advice.

Those who are willing to have access to the above portals (trading & penny stocks focus) need to subscribe to HBJ Capital’s Paid Services. For more info just call 09886736791 or e-mail : Info@hbjcapital.com

HBJ Capital (http://www.hbjcapital.com/) will continue to remain accessible to all.

Regards
Sandeep Jain, Senior Associate, HBJ Capital
Call: 098867 36791

SBI can appreciate by a minimum of 35% in a year

If there is one company that needs to be selected which handled FY 09 in a better way, that should certainly be SBI. The tough competition that the private banks were giving the Public sector banks and in particular to SBI was kept off for a while. SBI 's brand image as a trusted player and a banker has only increased in the financial year FY 09.

Prior to FY 09, the private sector banks and in particular ICICI has been very aggressive in pushing all its offering. Though the loans from these banks were easier to get, the customer had never trusted these banks on account of many one time charges or some new fees creeping into their loans.

But, that was just the price they had to pay for getting an easier home loan in just 10 or 15 days time with minimal documents and processes compared to the lengthy and stringent processes that were carried out by the Public bankers. Moreover, ICICI 's concentration and the aggressiveness shown in pushing unsecured loans like personal loans did not work out for the company. However, we believe that Chanda Kocchar will take the bank in a more conservative path at least for the time being.

ICICI had recorded a decline of 9.2% in advances and 10.3% in deposits in the financial year FY 09. Compare this with the 30% growth in advances and 38% growth in deposits of SBI and this just speaks volumes of how the two banks have been running their businesses. The domestic market share of SBI has grown from 15.20% to 16.03%. The home loans and educational loans witnessed growth rates of 21% and 50%. In a time, when the auto industry was reporting sluggish numbers, SBI witnessed Auto loan growth rates of 36% in FY09.

The company reported net profits of 10,955 crore on a consolidated basis and around 9121 crore on a stand alone basis in the financial year FY 09. With the improvement in economic conditions, we believe the demand for loans is all set to improve going forward. We see a rebound in all the types of banking consumers' demand for loans. We expect that the earnings of the bank post a growth rate of more than 27% in the financial year FY 10. Even the bank has indicated that it is looking at posting a minimum of 11,000 crore in standalone net profits for the current fiscal.

Taking the bank's current dominant position in the market and improving economic outlook, we believe that the bank could comfortably post standalone earnings of around 11,500 crore or an EPS of around 182. The consolidated earnings for the bank is expected to be around 13,o00 crore at the end of current fiscal. Giving a moderate valuation on the standalone earnings of the bank, we expect the bank's price to appreciate by a minimum of 35% from the current levels. This would translate in to around Rs. 2340 per share. The given estimates are very conservative and it is highly likely that the actual earnings and the stock price could be much higher a 1 - year time frame.

Now, tell me. How many of you would buy SBI? 30% or 35% appreciation in a year is by all standards a very good performance. But, i have seen many of the investors going crazy behind stocks wanting 3 or a 4 bagger in just a year. I am not saying that one should not invest in fundamentally backed potential wealth creators or midcap stocks. The point is one should give some room in his/her portfolio to dominant market leaders and index stocks as well.

Note - The above estimates are done taking the AS - IS status of the bank. The potential merger of it's associate banks were not considered.

To contact the equity analyst on this story: Arun Gopalan in Chennai at Arun@hbjcapital.com

Voltamp Transformers- A moderate growth opportunity

Voltamp Transformers Limited is among the top 3 players in building application transformers in the organized market and commands 20% market share in the industrial application transformers, with large installation base of more than 37000 transformers. Voltamp’s performance has been good year on year.

To know, what you can expect from it in the future

Plz visit: www.multibaggerpennystocks.com

July 27th : Live Market Trading Calls from JK [Rs2050/lot profit already made today in Nifty Future Calls]

We are bearish for intraday, today one can expect minor fall in the market, this is just a profit booking before the next move tomorrow. Hence, if you want to play for today go for Nifty short, you will make good money!!!

July 27th : Live Market Trading Calls (All the trading calls sent thru sms are posted live at www.stoplosstrade.com) from JK

July 27th : Closing Bell - Mkt is able to recover from day's low; clear sign that it will heading upside tomorrow provided no -ve news from RBI
July 27th : Mid-Day Call - Mkt fell down from the peak, almost flat now, likely to move further down only for today.

July 27th : Morning Call - RIL down 3.7% still Nifty is up 0.5%. Upside in the mkt will be muted, but staying long is better than shorting this market

- Team HBJ Cap

Releasing Today : "10in3 Stock Reco (10x in 3 years) - Small Cap Multibagger" for the month of July 2009.

Available ONLY to the new subscribers (joining before July 25th) of HBJ Capital's "Multibagger Package"!!!

The salient feature of the wealth creating "10in3 - 10x in 3 years" - small cap stock reco for the month of July'09 are:-

1. The company operates in a space which can be termed as a sub-sector of the Power segment. It is one of the power proxy play which is going to be in huge demand due to power sector reform.
2. The space in which the company operates is at a very nascent stage and is strongly backed by government initiatives. Hence company growth will get added advantage of sector growth and obviously PE expension.
3. Asian Development Bank estimates the known market size of the sector to be around 15,500 crore. The unknown market size is estimated to be around 40,000 crore. And the company under coverage has sub Rs50 Cr Mcap hence scale of opportunity is 500-1000 times bigger!!!
4. The sector has been witnessing strong growth rates of around 80% in the last 5 years and clocked revenues of around 200 crore in FY 09. This is very miniscule when compared to the known and unknown market sizes.
5. The company is one of the very few listed companies available from the sector. The company is one of the very few pure plays on this space.
6. The company clocked 15 times increase in Sales and around 4 times increase in net profits in the last 3 years.
7. The company has a strong management team, backed by an experienced and qualified second line of management.
8. Few domestic institutions already hold this company. However, FIIs have not identified this company yet. Our paid subscribers can get early entry to maximize the returns.
9. The company is trading at a very cheap valuation currently. We expect an increase in valuations and this alone will make the company a 5 bagger in 3 years. Other factors like sector & company growth will help you to get 10 bagger in next 3 years.
10. Best of all – the company is available at Market Cap of below Rs50 crores.

Don't miss this life changing opportunity!!! One single stock has potential to change the way you lived till now.

Subscribe before July 25th, to HBJ Capital's "Multibagger Package" to avail this wealth creating stock reco. Call 098867 36791 or e-mail : Info@hbjcapital.com for more details.

- Team HBJ Capital