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Saturday, January 5, 2008

Stock Picks for 2008: "Williamson Magor and Company Ltd:

Stock Picks for 2008: "Williamson Magor and Company Ltd

The group has other listed companies like Eveready and Williamson Tea Assam Ltd(which is the largest tea estate in India). The company has just concluded a tie up with D1 Oils. The company is involved with Jatropha plantation and bio fuel production. The idea of securing loans to the farmer and supplying them Jatropha seeds and then buying them at a gauranteed price means that even if the margin is considered at Re 1 per Litre, the bottom line should increase by 20x times in the next 3-4 years. The promoters are good and business plan and excution more transparent than IKF Technologies(the other listed company in this space). The company has a big promoter holding (67%) unline IKF(4%), however, this reduces the free float of the stock and so the price will remain range bound until the stock is split or restructured. Keep a lookout for Crude prices and liquidate your holdings in this company if crude hits $60 per barrel since then price of bio diesel becomes unviable."

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