Re: {LONGTERMINVESTORS} NMDC ...... THREAD

[Rajesh Desai]

PFA

On Tue, Dec 11, 2012 at 2:48 PM, Karishma Suvarna <karishma...@gmail.com> wrote:

The government has fixed the issue price band for the upcoming 10% stake sale in country’s largest iron ore miner, National Mineral Development Corporation (NMDC) at Rs 145-150 crore that could garner a maximum of Rs 5,947 crore to the exchequer as part of its Rs 30,000 crore disinvestment plan for the current fiscal. The government, which has 90 per cent holding in the iron ore producer NMDC, plans to divest 39.65 crore shares, amounting to 10 per cent of its equity through offer for sale on Wednesday, i.e., December 12.

The Cabinet Committee on Economic Affairs (CCEA) had on October 25 approved disinvestment of 10 per cent government shares in NMDC. This issue will be the second disinvestment by the government in this fiscal, with the first one being Hindustan Copper.

On Tue, Dec 11, 2012 at 2:41 PM, manoj tiwari <manjtiwa...@gmail.com> wrote:

NMDC gains as Barclays upgrade offsets auction price concerns

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Karishma Suvarna

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CA. Rajesh Desai

[Rajesh Desai]

NMDC pricing decision (Street expected a hike)
Chairman CS Verma says
-Iron Ore lump price for January cut by 5.9 percent (Rs 317/tonne)
-Iron Ore fine price for January unchanged at Rs 2,610/tonne
-Hope to acquire 1-2 mining overseas assets by March


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CA. Rajesh Desai

[Rajesh Desai]

NMDC’s Aus arm’s $ 25- mn rights issue

·         Legacy Iron Ore Ltd, the Australian arm of state- owned NMDC plans to raise Australian $25 million by way of rights issue. NMDC is likely to spend Australian $ 12.5 million to acquire rights equivalent to its 49.6 per cent stake in Legacy Iron Ore.

On Sat, Jun 22, 2013 at 11:28 AM, tanya mehra <tanyam...@gmail.com> wrote:

Analyst meet update

(June 21, 2013)

 

 

Analyst meet update

NMDC Limted Reco: BUY CMP: Rs 104 Target Price: Rs 165 Fundamental story remains intact ·      The company guides for a volume of 30- 32 mt in FY14, higher than earlier indication of 27- 28 mt. Karnataka volume is pegged at 9- 10 mtpa with 4.5 mt from Kumaraswamy ·      Demand scenario is good with better lump offtake recently; company indicates that there may not be significant cut in prices further and international prices have lesser influence ·      Dividend pay out likely to be at least 40% with a possibility of going up; employee cost revision is due since April 1, 2012 but the company has been providing for it every quarter ·      Believe, the fundamental story is intact and FY14 volume guidance should boost confidence; Maintain our estimates and retain Buy with TP at Rs 165 (5.5xFY15EV/ EBITDA)   Recommendation History Recent Research Reports NMDC Limted: Concerns overdone; Maintain Buy Metallica; Stabilization in prices likely, Eyes on US Fed NMDC Limted: Lumps price further slashed; volume to be the key Metallica; Steel prices continue to fall, more likely to come NMDC Limted: Lower volume takes a toll Metals & Mining; Mired in Mining Mess ─ Next is Odisha NMDC Limted: Ore at the core Metallica; Prices on a slippery road   Metallica; Demand uncertainty weighing on prices   Metallica; Base metals prices to be in focus   Metallica; Lack of demand weighing on prices   Metallica; Global iron ore prices plunge   Metallica; Metals prices retreat   Metallica; Global iron ore prices firm again

Click here to read report: Analyst meet update

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Tanya Mehra.

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CA. Rajesh Desai