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Tuesday, February 24, 2009

Cheviot Company Ltd:-Buy these gold digger

Scripscan:Cheviot Company Ltd

Story:Cheviot Company is one of the prime examples of a corporate that makes a lot of money from green fibre and sound investments.Harsh Vardhan Kanoria has created Gold out of an Industry, on which the Sun had literally set with the departure of the British in 1947. Today, with three processing units and a turnover exceeding Rs 179 crore, Cheviot Company makes more money out of Jute and its Corporate Investments, in a year, than most companies would ever make in their lifetime.While Kolkata may hold a different meaning for different people, for the current owners of Cheviot-the Kanoria family, the "Sun Never Set On Jute" even with the collapse of the British empire.The company sits upon a huge pile of reserves, which were placed at Rs 223 crores as of March 2008.The market capitalisation of Cheviot Company works out to just rs 55 crores based upon yesterdays closing price.This is an under-valuation as Cheviot carries Investments on its books which carry a market value of roughly Rs 60 crore. Half of these funds are deployed in prime blue chip stocks and the balance into liquid mutual funds.The Rs 180 crore Jute business that earns close to Rs 22 crore after tax is valued virtually free alongside the investments.Cheviot has a small Equity of Rs 4.5 crore (or 45 lakh shares out of which nearly 73 per cent is held by the promoters), leaving about 11.7 lakh shares spread amongst a huge number of shareholders.The Cheviot management because of high promoter stake has been very liberal on the dividend front over the past few years and the same trend should continue going forward too.Also with large reserves cheviot remains a prime bonus candidate and a bonus seems inevitable.The company is probably the most profitable producer, exporter of Jute sacking cloth and hessian, and blended jute fibre and textiles which are Exported to Western Nations and the Middle East that are once again getting rid of plastic and turning towards Green and Natural Fibres.Considering all the mentioned points buy these gold digger to make your future better and secure.

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This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.

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