Satluj Jal Vidyut Nigam (SJVN)

Alchemist

Administrator
Staff member
#1
Satluj Jal Vidyut Nigam (SJVN) will announce its FY 2010 results today.

The board meeting is scheduled for today and a small dividend may also be declared.

I intend to sell my IPO shares after the results are declared.
 
#2
The shares at current price cum dividend quotes at PE of just 10 based on past years performance, I think it should be a strong buy rather than a sell.
 

vasa1

Well-known member
#3
Last Monday's Economic Times supplement, Investor's Guide, had a main story on why a low P/E stock is not necessarily a good investment.

It maybe worth a read for those who aren't yet invested in SJVN.

Here's the link.
 
#4
I feel that its low P/E is because almost all revenue comes from 1/2 projects. I may be wrong since I haven't revisited it after its IPO.

Moreover, hydro power plant commissioning is a very slow process.

PS: I do not hold the stock.
 

Atiker

Active member
#5
Satluj Jal Vidyut Nigam (SJVN) will announce its FY 2010 results today.

The board meeting is scheduled for today and a small dividend may also be declared.

I intend to sell my IPO shares after the results are declared.
What's the reason for sudden jump in dividend of SJVN ?

The Economic Times

Dividend shot up from INR 1.1 (0.63+0.47) to INR 2.75 (2.25+.5)

For a share price of 32.5 the dividend yield comes out to be 8.5%

Is it sustainable ?

Appears juicy as it better than FD as dividend is tax free.
 

Alchemist

Administrator
Staff member
#7
What's the catch ?

Shouldn't it be re-rated ?

At a IPO price of 24.7, its a humongous 11.3% dividend.

Institutional Investors/ Pension funds would be happy to hold it.
I'm unable to find FY 2017 annual report. Maybe it is still not out.

SJVNL's income statement often has one time incomes and one time expenses and thus it is difficult to comment on sustainability of its high dividend.

The top line is growing slowly.

The payout ratio was very high last year - a dividend of Rs 2.75 from a standalone eps of 3.73. I doubt such a high payout can be sustained in the long-term.

If I can get the annual report, I will be in a better position to comment on this stock.

Coal India is also trading with a dividend yield of 8%+. The stock is going down every week. It's dividend is not sustainable for sure.
 

Atiker

Active member
#8
#10
Tender date will be announced in due time. Usually takes anywhere between a week to 2 months.

To tender, you have to place the bid through your broker. In case your broker is Zerodha, they provide online bid placing facility.
 

Atiker

Active member
#11
Hi,

I have some shares of sjvn in RKSV and ICICI.

For buyback in ICICI the tender process is simple to just do it online in the IPO Section.

For RKSV, any idea how to tender ? I have emailed them but they havent responded with clarity.

I have got the tender form online in pdf format, is it sufficient to fill it up and send to SJVN (Alaknit Assingments Ltd Delhi) address ?

Is anything else also required from RKSV or my end ?

Will appreciate a quick response, thanks in advance :)
 
#14
Hi,

I have some shares of sjvn in RKSV and ICICI.

For buyback in ICICI the tender process is simple to just do it online in the IPO Section.

For RKSV, any idea how to tender ? I have emailed them but they havent responded with clarity.

I have got the tender form online in pdf format, is it sufficient to fill it up and send to SJVN (Alaknit Assingments Ltd Delhi) address ?

Is anything else also required from RKSV or my end ?

Will appreciate a quick response, thanks in advance :)
Send an email to RKSV with Sub:Buyback with all the details (Quantity, Scrip Code, Client Code etc.) and they will process and will reply with TRS once done.
 
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