Author Topic: ESBL -- Escorts Investment Bank Limited  (Read 10218 times)

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Offline Ali Ahmed

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ESBL -- Escorts Investment Bank Limited
« Reply #-1 on: September 15, 2012, 12:59:47 AM »
Seniors, any view on Escorts Bank & Invest Bank. I have gone thru Escorts results and they show a decent improvement plus bV is good
« Last Edit: September 16, 2012, 11:49:05 PM by M&M »

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ESBL -- Escorts Investment Bank Limited
« Reply #-1 on: September 15, 2012, 12:59:47 AM »

Offline tariqmeh

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Re: Re: Banking Sector
« on: September 15, 2012, 01:44:56 PM »
Seniors, any view on Escorts Bank & Invest Bank. I have gone thru Escorts results and they show a decent improvement plus bV is good

@ 1.90 Escorst investment is best buy with tp of 5.0 reason is that financial position is now far better than 2010

Offline Ali Ahmed

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Re: Re: Banking Sector
« Reply #1 on: September 15, 2012, 01:51:29 PM »
Thanks bro for validating my thoughts :clap1:

Offline Abdul Qadir

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Re: Re: Banking Sector
« Reply #2 on: September 15, 2012, 03:29:57 PM »
Seniors, any view on Escorts Bank & Invest Bank. I have gone thru Escorts results and they show a decent improvement plus bV is good

@ 1.90 Escorst investment is best buy with tp of 5.0 reason is that financial position is now far better than 2010

The script is not liquid even on friday not a single share traded.

Offline Ali Ahmed

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Re: Re: Banking Sector
« Reply #3 on: September 15, 2012, 04:03:29 PM »
I agree.

However, if one trust's the management to turnaround the business and also holds this share for medium to long term I am sure the liquidity will come in as soon as it starts to make some profits.

From 2004 to 2008, this share made a high of Rs 20 each year but due to mismanagement the share took the beating. For last almost 2 years the new management, it seems, is actively working to bring the profitability back.

I am planning to keep buying shares every now and then using profits only (and not investing my prime funds) and hopefully one day NOT SO FAR I will hope to see atleast 100% capital Gain.

But again, caution is the word and who ever buys this share must regularly read the quarterly reports and make their own assessment to either HOLD  or SELL

Offline bilalmoti

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Re: ESBL -- Escorts Investment Bank Limited
« Reply #4 on: September 16, 2012, 11:06:49 PM »
Excorting keh business main ramazan keh baad kiya tezi aai hogi?

Offline Akif

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Re: ESBL -- Escorts Investment Bank Limited
« Reply #5 on: September 17, 2012, 05:09:10 PM »
Excorting keh business main ramazan keh baad kiya tezi aai hogi?
meray bhai yai loog saal kay 365 din rozay heey rakhtay hain.  :laugh:

Offline space

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Re: ESBL -- Escorts Investment Bank Limited
« Reply #6 on: September 17, 2012, 08:18:06 PM »
Wow ESCORTS outside of Pakistan at least this word is used for the worlds "OLDEST PROFESSION" so they have very uninformed people working for them no one in their right minds would name their business ESCORTs unless they were in the flesh trade business; just Google the word ESCORTs and you will know what I mean ;)
« Last Edit: September 17, 2012, 08:20:11 PM by space »
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Offline M&M

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Re: ESBL -- Escorts Investment Bank Limited
« Reply #7 on: September 17, 2012, 08:19:36 PM »
Wow ESCORTS outside of Pakistan at least is used for the worlds "OLDEST PROFESSION" so they have very uninformed people working for them no one in their right minds would name their business ESCORTs unless they were in the flesh trade just Google the word ESCORTs and you will know what I mean ;)
haha
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Offline Ali Ahmed

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Re: ESBL -- Escorts Investment Bank Limited
« Reply #8 on: September 17, 2012, 10:12:20 PM »
Thanks for the character assassination of the name. May I now request the seniors to shed some light on the fundamentals and technicals of this bank ;)

Offline saifullahkhan7

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Re: ESBL -- Escorts Investment Bank Limited
« Reply #9 on: September 17, 2012, 11:41:50 PM »
Lets analyze this company

Loss Per Share at the end of Nine Months Ending 31 March 2012: (0.46)
Loss Per Share at the end of Nine Months Ending 31 March 2011: (0.96)
Loss Per Share at the end of Nine Months Ending 31 March 2010: (0.93)
Loss Per Share at the end of Nine Months Ending 31 March 2009: (0.88)

Now the loss per share has significantly decreased this year. But let's investigate why this has happened?
Income Nine Months Ending 31 March 2012: 152.6 Million
Income Nine Months Ending 31 March 2011:174.4 Million
Income Nine Months Ending 31 March 2010: 155.4 Million
Income Nine Months Ending 31 March 2009: 327.2 Million

Expenses before Taxation Nine Months Ending 31 March 2012:171.1 Million
Expenses before Taxation Nine Months Ending 31 March 2011:212.2 Million
Expenses before Taxation Nine Months Ending 31 March 2010:199.95 Million
Expenses before Taxation Nine Months Ending 31 March 2009:354.9 Million

If you note there is a decreasing trend in Income and Expenses (like Salaries and Promotional Expenses has significantly decreased). This means that the reduction in loss per share is not because of operational gains but cutting more costs than the resultant cut on earnings.

This is called retrenchment strategy, reducing costs to turn around to profitablity. But this can lead to two outcomes 1) either you become profitable (needs smart management) 2) you go bankrupt. I vote in favor of option 2. My long-term advice stay away, dump and run like hell!

(Ps Thanks for your curiosity, it has been such a monumental waste of time)

Source: Escorts Investment Bank Limited, Company Data
 


Trust in God! & Candle Sticks, Bollinger Bands and looking into  2 Yrs EPS/DPS helps!!!

Offline Ali Ahmed

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Re: ESBL -- Escorts Investment Bank Limited
« Reply #10 on: September 18, 2012, 12:01:01 AM »
After 3 years the bank has for the first time turned profitable in 3rd qtr 2012. as at 31 march 2012, NAV or BV per share is almost Rs 12. The new management has worked hard to turn around the operation moving investments into safer zone. Hence, it can not be all that bad when the current market value is only Rs 1.8 translating into ONLY 15% of the book value.

Going thru the financial statements I feel that an imminent turnaround will place the bank up for grabs by a predator and even at 50% of the book value will mean a return of 300%. Hence my curiosity :)

Offline bilalmoti

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Re: ESBL -- Escorts Investment Bank Limited
« Reply #11 on: September 19, 2012, 02:10:28 AM »
How do I get some Escorting services. I called on the number but seems they are not a good investment bank. They did not fulfill what I asked. Leh maal.

Offline Abdul Qadir

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Re: ESBL -- Escorts Investment Bank Limited
« Reply #12 on: September 26, 2012, 10:11:54 PM »
Some movement expected keep your eyes on it.
Good to buy below 2.2

Offline Abdul Qadir

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Re: ESBL -- Escorts Investment Bank Limited
« Reply #13 on: September 27, 2012, 12:41:32 AM »
How do I get some Escorting services. I called on the number but seems they are not a good investment bank. They did not fulfill what I asked. Leh maal.



Laoooo maaaaal....... :thumbsup_anim:

Offline Abdul Qadir

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Re: ESBL -- Escorts Investment Bank Limited
« Reply #14 on: November 05, 2012, 06:12:27 PM »
Here we go the movement starts.

Offline SaadChamp

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Re: ESBL -- Escorts Investment Bank Limited
« Reply #15 on: November 05, 2012, 10:58:23 PM »
qadir bhai suggest an entry point? and also the TP?  :thanks:
Rules Of Investment :-
-Avoid investing a big bulk of your assets into one investment.
-Don’t let greed overcome you.
-Learn to be Patient.
-Don’t make rash decisions,without thoroughly researching its implication.

Offline Abdul Qadir

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Re: ESBL -- Escorts Investment Bank Limited
« Reply #16 on: November 07, 2012, 07:50:36 PM »
Touched 2.5 today.
still to go.
Insha ALLAH

Offline Abdul Qadir

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Re: ESBL -- Escorts Investment Bank Limited
« Reply #17 on: November 29, 2012, 02:58:48 PM »
Touched 2.5 today.
still to go.
Insha ALLAH



 :clap1: :clap1: :clap1: :clap1:

Offline SaadChamp

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Re: ESBL -- Escorts Investment Bank Limited
« Reply #18 on: November 29, 2012, 06:33:53 PM »
Touched 2.5 today.
still to go.
Insha ALLAH
closed at 3.5 :p
not at 2.5 :p qadir bhai excitement mein typo error hogaya : :tongue:
Rules Of Investment :-
-Avoid investing a big bulk of your assets into one investment.
-Don’t let greed overcome you.
-Learn to be Patient.
-Don’t make rash decisions,without thoroughly researching its implication.