Kohinoor Broadcasting (BSE: 531366)

Hello Friends.

These are the few reasons why I consider KOHINOOR BROADCASTING to be a multibagger in future:-

The Consolidated Financial Results for the Q3FY08 (quarter ended 31st December, 2007) Vs Q3FY07:
Figures for corresponding last year

The Total Income: Rs.52.05 Cr (Rs.5.96 Cr)
PBDT: Rs.6.02 Cr (Rs.1.09 Cr)
Profit After Tax (PAT): Rs.5.46 Cr (Rs.76 lakhs)
Reserves and Surplus: Rs.17. 44 Cr (Rs.9.8 Cr)
EPS : Rs.6.21 (Rs.2.33)
For FY07, the results were:
Total Income; Rs.22.64 Cr
PBDT:Rs.4.16 Cr
Profit After Tax(PAT): Rs.1.33 Cr
EPS:Rs.2.22

Also,
1.The Company has received the equipment for Teleport to be set up at Rajpura involving a capital outlay of INR 50 Million.
2. The Company has placed the orders for play-out station to be set up at Rajpura involving a capital outlay of INR 100 Million.
3. The Company has started producing the buffer content for its forthcoming News and Entertainment Channel. The company is coming up with a Hindi News Channel Very soon
4. The Company is in the process of making large scale recruitments of manpower approx. 60 people for the production of content for its entertainment channel.
5. The Board has approved in-principal, the proposal of takeover of M/s Tagore Theatres Ltd (Valuing approximately INR 1000 Million), a multiplex, at a valuation to be conducted by the Company of international standing such as M/s Knight-Frank India Pvt Ltd, Chesterton Meghraj, Jones Lang Lasalle, Price water house Cooper or equivalent. The Board has authorized the committee of Directors to complete the transaction and to finalize the swap ratio for the proposed takeover.
6. The Board has approved the opening of subsidiary company in United Kingdom for Launch of TV channel in UK and adjoining areas.
7. Provision for retirement benefits has been estimated at Rs 0.250 million.
Also,
The company after the huge fall is trading well below its book value of Rs 15. We wont find any media companies trading below there book value now. And with the acquisition of a multiplex it has only one way to go... and that is UP. It is a LONG TERM MULTIBAGGER with so many positive things coming up for the company. With a 100 crore multiplex in the corner the script certainly does not deserves a price below its book value. My target for the company is in THREE FIGURES for LONG TERM and atleast Rs 30 in short term. (As of now the small/mid caps are underperforming and hence the script is also getting a beating.. But positive thing is that the stock is hitting on lower circuits on very very low volumes that means, that not many people are selling the stock, othwerwise there would be huge volumes in selling and it would have gone on selling circuit with very huge pending SELL ORDERS.. Thats not the case and hence the script can rise anytime (as soon as the midcap small cap carnage is over) and hence this script is BUY on all DECLINES and HOLD for atleast 3 months time (Short Term) and the LONG TERM TARGETS ARE HUGE.... (3 Figures as I said earlier).
Happy Investing
Investomaniac
JAIDADIKI