Kohinoor Broadcasting net up by 42%
Posted on, Thursday, July 23, 2009
Entertainment major, Kohinoor Broadcasting Corporation reported the growth of its consolidated net profit for the year ended March 31, 2009, which stood at Rs.27.71 crore, up by 42.42 per cent as compared to the previous year valued to Rs.19.45 crore in the corresponding period.

However, the company`s total income has dropped to Rs.162.13 crore as compared to Rs.167.45 crore over the corresponding period. Whereas, its standalone profit stood at Rs.15.34 crore in this fiscal as compared to the meagre value of previous year Rs.1.10 crore. The turnover of the company was found at Rs.25.33 crore against Rs.12.94 crore.
reported by paisewala ( dot ) com

It also acquired Rs.100 Cr worth Tagore Theatres Ltd as reported by Reuters on 7th January, 2008.
The problem is that if you make a chorus and shout fire and fire all the time, people are bound to get apprehensive of anything. The stock is trading below its book value and on a consolidated basis has an EPS of Rs.2.51 in FY09. Its March, 2009 quarter EPS on consolidated basis is a whooping Rs.5.77 as against Rs.3.82 in the same period previous year.

Market is not fool.. if the stock has real worth it will get its desired worth one day .. BUT this is junk ..
1) 100 cr tagore hall was bought by kohinoor but then both company had single direcotr mangal singh (really he is a dacoit ..) eaten up all the cash of kohinoor and added in his own pocket ..

2) Always quarterly profits are 3-4-5 rupees but consolidated on yearly basis is not matching up to even single quarter .. ? This sort of junk companies are exploiting accounting anomalies and making investors fool ..

Just becuase some guys says this is junk it will not become junk (if its indeed is jewel).. same way you are also making corus since ages that this is a great stock but its nothing more then a game ..

Stock prices largely reflects investors confidence in the stock / compnay / management / and business model. There is no clarity on company and business model here .. lots of things are being said but nothing concrete coming out yet .. And definitely the management is busy in filling their own pocket .. can you show one single instance where they did anything in favor of investors so far ... ? If they are earning such a hige profit (which is nothing more then manipulation and large profits are shown always in foreign subsideries) every quarter after quarter why not a single penny as divident ?

You have right to stand by your opinion and so do we !!!..

Who told you that the market is not fool??!! The market is the biggest fool and it has been proven across the globe the way the great companies like Lehman Brother crumbled.
Your saying of Mangal Singh of does not make him a robber and similarly your writing in this board could make you a theif and a misinformer, who looks only at the external of snail to predict its inside.
The problem with you guys is that, is that you think you have great understanding of the market, while in real case people like you are the greatest fool the market has ever produced.

Because the price reflects the correct position of the company and hence it is trading below its book value.
The company has started operation in UK and that is why its consolidated resutls are good.
That the company is coming up with channels have appeared in an important media web-site.

Boss,
Ok i agree i am the fool and whole market is fool .. only guy intelligent left in this world is you .. BTW the UK operations started not now but 2-3 years ago atleast. Mostly in all the quarters lately if you see their standalone results are shit .. and they show great colours through consolidation (Forex and UK subsideries) . Where in the world you see a company having quarterly EPS of 5 rupees trading at less then 5 ?

One more thing -- you can take great proud in highlighing that you are promoting this company since it was 3 or 4 and today its at 5.5 -- mind you, you are the same guy who was promoting this even at 14 - 20 and 11 and so on so forth on this very board. Just because you are invested in the stock it will not go up ..

I still stand by my comment -- as long as company does not show investor friendliness this will be a laggard .... no matter what you or anyone else says ..

Disclosure: i have 1 lac shares of this company at avg price of 6 Rupees .. but i have only invested that money thinking its a punters game .. and this can;t be termed as very good investment ..

One more thing: What is the relevance of Lehman Brother here ? it was a great company / good company .. but in the investment banking world they used to have very high leveraged positions. They made good money in last so many years but when market crumbled even they were caught by surprise and not able to unwind their large leveraged positions leading into this mess .. Now you can`t say lehman brothers is the market ...

Lets just talk about the kohinoor here .. can you justify this counters price movement .. i personally can`t .. time and again the quarterly results are so fantastic but by the yearend it just vanishes .. where it goes ? quarterly EPS 5 ruppes quarter after quarter .. but yearly it will become 2 rupees .. ? They are just making investors fool through accounting anomalies and hence the stock price is as shit as you can see today despite indicated great results

Yes. I too do not trust their results. If it is genuine they must be able to give details/break-ups. Why are the promoters not adding any share for themselves?

These Guys have still not been able to tie up finances for their project in India. Once they are able to hook some VC for money we can expect some movement hereon.