Monsanto to pay US $ 93 m for poisoning US Town Nitro with dioxin a chemical byproduct of the toxic Herbicide Agent Orange

Monsanto to pay US $ 93 m for poisoning US Town Nitro with dioxin a chemical byproduct of the  toxic Herbicide Agent Orange 

Residents of this West Virginia Town have a right to file individual suits against Monsanto if medical tests show they suffered physical harm due to dioxin exposure.

Monsanto is under seige too for using Glyphosate…. another deadly toxin used in Monsanto herbicides such as RoundUp

India needs to be aware of these developments as Monsanto is very active in India and this giant biotech company is right up there in genetically modified production of crops….Bt Cotton and Brinjal for instance……and there is a raging debate in India to go ahead full fledge on this

Monsanto India is a listed company at Rs 2000 with a Market Cap over Rs 3400 crs…FY 14 saw Sales of Rs 582 crs and Profit of Rs 123 crs with an EPS of Rs 71…Equity is low at Rs 17.26 crs (FV Rs 10) with two Monsanto Companies holding an aggregate of 72.14% of the Equity ….Reserves are Rs 327 crs and Book Value is Rs 200….PE works out to 28 and PBV to 10….It’s a Zero Debt Company and paid 30% Final Dividend and a 120% Interim Dividend

Monsanto Controversial Chronology is briefly documented here

Two Interesting Names come up on the Board of Directors of Monsanto India:

R C Khanna ~ As on June 30,2014 held 389976 Equity Shares  or 2.26% Equity Stake => worth Rs 80 crs today

He is the Non-Executive Director. ~A Cost & Chartered Accountant from England & Wales ~he retired as the Senior Partner of M/s. A.F. Ferguson & Co., Chartered Accountants, in 1989 (Merged into Deloitte ). He joined the Board of MIL in 1975.

Pradeep Poddar

He is the Non-Executive Independent Director ~ A Chemical Engineer from UDCT, Mumbai and an MBA from IIM, Ahmedabad ~  served as part of the top-management at Glaxo, Heinz and the Tata Group. He is presently the Managing Director of Mount Everest Mineral Water Limited, a Tata Enterprise and is leading the Tatas’ foray into water and functional beverages globally. He represents the Tatas’ interest on the Boards of Nourishco, the Joint Venture Company with Pepsico and the Rising Beverage Company (Activate Beverages) in USA. He is also a trustee on the Board of United Way, Mumbai. He joined the MIL Board in January 2006.

There were 15770 Shareholders at June 30,2014 including the Two Promoter Monsanto Holding Companies

Wonder why the controversial Monsanto remains Listed and thus more in the Public Eye !

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No Sugar ? What is my Alternative Sweetener ? Sugar Free or Equal or Splenda ?

No Sugar ? What is the Alternative Sweetener ? Sugar Free or Equal or Splenda ?

I use Splenda  especially as it does not contain Aspartame( a combination of two amino acids,aspartic acid and phenylalanine. Amino acids are the building blocks of proteins and are found naturally in many foods.Aspartame though approved by US FDA with prescribed daily intakes,has been perceived to be responsible for causing many Health issues , even Cancer…though tests are not conclusive

http://www.cancer.org/cancer/cancercauses/othercarcinogens/athome/aspartame 

Those who cannot consume Sugar because they are Diabetic or prefer low or no calorie sweeteners routinely turn to these three popular alternatives  :

  1. Sugar Free Gold Low Calorie Sugar Substitute claims to be India’s No 1 Sweetener ~ It is made from Aspartame,a protein derivative ~ A 0.75 g sachet is equivalent in sweetness to two teaspoons of sugar and contains 2.8 calories instead of 40 calories that the two teaspoons of sugar hold ~ not recommended for Children and not meant for Phenylketoneurics.Ingredients are Lactose,Aspartame and Polyvinyl Pyrrolidone…..Phenylketonurics are people who have PKU disease. People with this disease cannot digest the amino acid phenylalanine properly, so if they eat too much of it, it could build up in their brains and cause mental problems. The warning on the wrapper is warning these people not to eat that product so they can avoid ingesting phenylalanine.
    PKU disease is a genetic condition, and it can be easily discovered through a blood test ~ Sugar Free Gold is manufactured and marketed by Zydus Wellness,Sikkim which is part of the Cadila Pharma Group of Gujarat
  2. Equal is a low calorie sweetener ~ Each Sachet of 1 g contains 36 mg of Aspartame and it’s 4kcal is equivalent in sweetness to two teaspoons of sugar that is 32kcal.The ingredients are Lactose,Aspartame and colloidal silicon dioxide.It is not for Phenylketoneurics and not recommended for Children.It is manufactured by Qualicare Pharmaceuticals Ltd,Medak,Andhra Pradesh and marketed by Merisant India Pvt Ltd,New Delhi
  3. Splenda is a no calorie sweetener that is ideal for the whole family ,including Children,Pregnant and Nursing Women and even those with Kidney,Liver or Cancer Issues.It does not contain Aspartame.It gets the sweetness from Sucralose and also contains Dextrose and Maltodextrin.Each Sachet is 1 g and suitable for people with diabetes.Splenda is distributed by McNeil Nutritionals LLC,Foret Washington,PA,USA.Sucralose is made from a patented process from sugar to a no calorie and no carbohydrate sweetener.Sucralose does not have the after taste bitterness associated with other alternatives to sugar like saccharin and acesulfame K and unlike Aspartame can hold up to heat and thus can also be used in cooking and baking.After 20 years of Research  and over 110 scientific studies it is now allowed in over 80 countries.The US FDA and WHO do not require it to mention any warnings or restricted use on it’s labels.Also it has no expiriy date unlike other sweeteners that need to be conumed within one to three years of manufacture .You can check out why Splenda is a preferred sweetener to others at this link on their website http://www.splenda.com/faq/no-calorie-sweetener   

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November 2013 Posts in three Free Access Modules ~ Scrip Standpoint ~One Company under Scrip Tease ~19 Companies under Scrip Watch

Check these November 2013 Posts on our Website in the various Free Access Modules

Scrip Standpoint Module ~ Four Week Ending Posts and Four Specific Posts 

Scrip Tease Module ~ One Company

Scrip Watch Module ~19 Companies ~ These are not committed SS Selects that Clients have access to in Other Modules 

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Insiders in Heritage Foods ~ up from Rs 300 to Rs 450 levels in a month ! MNC takeover?

Insiders in Heritage Foods ~ up from Rs 300 to Rs 450 levels in a month ! MNC Takeover?

Bulk Deals in Heritage Food a few days ago…….

01/11/12 KOTAK INDIA FOCUS FUND  -193397  at Rs 390.00

01/11/12 ASHISH RAMESHCHANDRA KACHOLIA  +194000 at Rs390.00

31/10/12 KOTAK INDIA FOCUS FUND – 248525 at Rs 385.00

31/10/12 KOTAK INDIA FOCUS FUND  – 84500 at Rs 380.18

I had blogged on this just a fortnight ago on October 22,2012

Heritage Food is flying high at Rs 360+ surging over 130% in 100 days since Director’s wife picked up 50000 shares at @ Rs 155 !

The Price is running away from what Valuation indicates…..and it could only mean one of three…

  • It’s close to being acquired by a MNC like HUL or Nestle ~Company has been actively wooed in the past
  • Non Linear Growth in Earnings going forward ~ How? ~ Check my recent blog post linked above
  • Market Machinations ~ Definitely evident

Check out the BSE Trading Pattern from October 1,2012 below

Interestingly on the trading days highlighted in Bold Green where the Volumes have been abnormally high ,the Delivery % has been quite low except for the two days when the above bulk deals were done !

The Volume on BSE today also was high at 88000 shares with price surging to a record Rs 450 before closing at Rs 444+

HERITAGE FOODS (INDIA) LTD
Period: 01-Oct-2012 to 06-Nov-2012

Date

Open

Rs

High

Rs

Low

Rs

Close

Rs

WAP

Rs

No. of
Shares

% Deli. Qty to Traded Qty

1/10/12

306.95

309.05

298.50

299.55

302.40

10,745

47.42

3/10/12

304.00

313.00

302.00

304.90

307.46

10,650

30.77

4/10/12

303.10

315.80

303.05

305.70

309.43

13,611

39.37

5/10/12

309.90

309.90

295.00

299.10

299.57

5,930

44.86

8/10/12

302.85

308.00

290.00

293.80

300.63

12,080

36.54

9/10/12

295.00

302.00

290.00

293.60

296.75

14,579

52.11

10/10/12

297.00

299.00

283.10

284.75

290.91

6,142

45.60

11/10/12

287.00

303.95

287.00

301.55

297.80

15,244

37.29

12/10/12

301.05

307.85

296.00

300.35

301.75

7,890

36.78

15/10/12

303.70

314.20

300.00

307.35

309.22

19,687

33.05

16/10/12

308.20

310.00

302.00

302.05

306.05

3,371

72.44

17/10/12

306.85

338.45

303.50

326.25

328.27

84,693

18.32

18/10/12

328.00

364.00

320.75

357.50

345.58

79,462

21.60

19/10/12

353.90

372.00

349.00

359.65

364.02

45,824

25.62

22/10/12

360.00

367.00

355.00

357.05

362.41

11,064

43.38

23/10/12

360.50

364.75

352.30

359.50

359.05

8,301

34.19

25/10/12

364.10

378.65

362.45

369.25

370.79

21,224

31.59

26/10/12

368.00

379.10

366.00

372.80

373.92

17,033

46.86

29/10/12

375.00

376.85

347.30

349.30

361.99

9,115

64.63

30/10/12

352.85

394.80

346.00

376.65

376.77

1,41,084

18.34

31/10/12

385.10

391.45

372.00

384.30

382.86

4,08,352

91.81

1/11/12

381.50

409.90

378.45

386.55

392.68

3,17,898

67.30

2/11/12

391.00

428.45

388.00

420.05

414.71

2,07,371

22.30

5/11/12

420.05

434.90

420.00

427.60

427.59

79,167

23.70

6/11/12

430.00

433.20

422.00

425.50

427.75

25,834

31.59

Heritage Food is flying high at Rs 360+ surging over 130% in 100 days since Director’s wife picked up 50000 shares at @ Rs 155 !

Heritage Food is flying high at Rs 360+ surging over 130% in 100 days since Director’s wife picked up 50000 shares at @ Rs 155 !

Closed at Rs 357 today after a high of Rs 367

The Company was set up by the ex Andhra Pradesh CM,Chandrababu Naidu and is headed  by his wife, N Bhuvaneshwari ~ They hold @ 46% of the Equity  ~ Above Director’s wife shares too are included in the Promoter Group

Heritage Foods was quoted @ Rs 150 in the beginning of July 2012 ~ There was some relatively heavy volume on July 4 and July 11 ~ Company informed the BSE in a communication dated July 5,2012 but updated on BSE website on July 12,2012  that Nara Brahmani,wife of Executive Director Nara Lokesh had purchased 50000 shares in the Open Market through Zen Securities at Rs 77.50 lakhs or Rs 155 per share on July 4,2012  ~ She held just 500 shares prior to this !

http://www.bseindia.com/xml-data/corpfiling/AttachHis/Heritage_Foods_(India)_Ltd_200712_SAST.pdf

Check out the first Fortnight July 2012 volumes on BSE for Heritage ~ normal trading was in a few thousands except for the two days stated above

Date Open Price High Price Low Price Close Price WAP No.of Shares No. of Trades Total Turnover (Rs.)

02-Jul-12

141.5

149

141.5

146.2

145.5776

2701

40

393205

03-Jul-12

149

152

149

152

151.218

1156

14

174808

04-Jul-12

159.7

159.7

148.05

154.95

154.6915

60812

163

9407102

05-Jul-12

159.7

174.95

159.7

171.9

168.9391

13345

178

2254492

06-Jul-12

177.8

177.8

163

165.6

170.2651

10006

92

1703673

09-Jul-12

164.95

164.95

153.35

156.35

157.5627

1994

49

314180

10-Jul-12

155

158.3

153

156

156.9005

1035

42

162392

11-Jul-12

155

169

155

158.25

163.1434

56483

835

9214826

12-Jul-12

158

159

154.1

156

156.5048

1042

22

163078

13-Jul-12

156.05

157

153.3

155.4

156.1259

3741

37

584067

16-Jul-12

157.2

157.2

155

155

156.7703

209

7

32765

Well Done Guys ! You’ve gained a cool 130% or over Rs 1,00,00,000 or Rs One Crore in gains INSIDE  just 100 days !

Valuation wise the FY 12 EPS was @ Rs 8 with PAT at RS 9.19 crs on an Equity (FV Rs 10) of Rs 11.53 crs ~ Book Value is Rs 80 with Networth just above Rs 92 crs ~ Q 1 FY 13 has shown superlative strong results and the mood is upbeat with a strong surge in PAT expected this year ~ PAT for the the three months ending June 30,2012 was Rs 8.44 crs ~ it thus earned in three months nearly as much as it had in the whole of last year !  However with Closing Price at Rs 357 today ,and considering FY 12 Earnings and Assets,relative valuation give a P/E of 45 and P/BV of 4.5 ~ That’s High ! and clearly a record FY 13 Year is being reflected in the surging share price  ~ EPS should comfortably double past Rs 16 and even move above Rs 20 ~ that adjusts the Forward P/E to below 20….The current Market Cap is just Rs 411 crs or @ US $ 75 Million for a Company whose Sales should cross Rs 1500 crs this year through a strong marketing and distribution Chain that cannot be replicated overnight ~ and what’s US $ 75 million for a FMCG MNC to buy out 100% of a leading Indian Listed Dairy Company that has a major market share in South India through over 1000 Franchisee and Own Retail Outlets and Parlors     

So what’s happening ! ~ Heritage Foods has been wooed by several FMCG Multinationals in the past ~ like the likes of HUL & Nestle ! ~ It’s Dairy Division is the Main Driver while the Retail Division is recovering from the nascent loss

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