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Blame it on the camera
Guess who said this?
Observing her expanding waistline on screen, X says that it is not that she is obese, but the camera magnifies her image, so she is forced to think of becoming svelte to look moderately shapely on screen.
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Guess who said this?
Observing her expanding waistline on screen, X says that it is not that she is obese, but the camera magnifies her image, so she is forced to think of becoming svelte to look moderately shapely on screen.
If you are still not able to figure out, click here for the answer.
(This message is brought to you by Subway, the latest sandwich outlet in town).
More Screens
SSI, the software training company, which forayed into the hospitality industry, wants to grab a piece of the Multiplex action. At this rate, there is going to be no dearth of movie halls in Chennai. SSI is embarking on this expansion through its entertainment arm Telephoto Films (Actor Suresh Menon used to run Telephoto in the past).
Indhiya Stock Marketil Mudhal Muraiyaaga
SUN TV is coming out with its much-awaited IPO. I think the money raised will help in every way except in improving the content and the style of SUN TV.
The issue proceeds will be used to beef up Sun's subsidiaries, launch more TV channels, construct its own corporate office, set up studio facilities and up-linking infrastructure, purchase new equipment and upgrade the existing ones.
Sun TV's red herring prospectus says that in Tamil Nadu, the combined audience share of all Sun channels is 60 per cent compared to the 5 per cent of its closest competitor for the year ended March 31.
posted by Kaps at
12:05 AM
4 Comments:
That's one IPO worth putting on your watch list. Let us look at the figures - roughly 6.9 million shares (of par value Rs. 10) and it says they are hoping to raise Rs. 700-800 crore which means when it hits the market for trading, they expect each share to trade upwards of a 1000 rupees.
Net profit for FY06 has been considerably higher (as a percentage of revenues) compared to FY05 and so extrapolating it for FY06, on a likely revenue base of Rs. 410-425 crores (linear growth of 15% in FY04 increasing to 18% for FY05 and 20% for FY06) and assuming a modest 33.33% net profit (again taking FY05 growth over FY04 into consideration), we get about Rs. 140 crores.
Now, total outstanding shares (or in Indian parlance, fully diluted paid-up capital) are 69 million (since the prospectus says 6.9 million shares represent 10% of the total) or 6.9 crores. Therefore, EPS (Earnings Per Share) should be roughly around Rs. 20 per share. If the shares hit the floor at around Rs. 1000, then they are going to be richly valued at 50 times forward earnings.
Well, if the company's forward momentum translates into higher growth rates and better net profits, 50 times is fine at a speculative level for a media company but I am not sure how its peers are being valued today in an already overheated Indian market. Any pointers from others on the comparative value of other media stocks may shed light on this.
(Disclaimer: I only did an academic dissection for purposes of discussion and so please don't attach too much importance to the above :-) or worse still, base your investment decisions on what is being discussed in blogs or message-boards).
By
Krish, at 12:27 PM
construct its own corporate office
Now i see why K's wife sold his shares!
By
Kuttappan, at 7:02 PM
kaps,
Thank you for the info on poi's music director in mitr-bayarea's blog.
By
arvindh, at 12:30 AM
@Reflex,
She might not get chances if she becomes very fat!
@Thennavan,
Excellent analysis. With the kind of media power SUN TV, it would be worth investing in the IPO (irrespective of one's political affiliations).
@Radhakrishnan,
I think she sold at a wrong price
@Arvindh,
Thanks for dropping by
By
Kaps, at 2:37 PM
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