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CMP: 13

Target: 25 in 7 months

 

Formerly known as ICICI OneSource, incorporated in 2001, Firstsource Solutions Limited provides a range of business process outsourcing services.

It offers business process management services to the banking, financial services and insurance (BFSI); telecommunications and media; and healthcare industries. Firstsource has a "rightshore" delivery model with operations in India, U.S., UK and Philippines.

 

Firstsource Recognized with Top Honors at the International Quality and Productivity Council (IQPC) Conference. About 40% of the revenue comes from its healthcare vertical catering mainly to US markets. The Company works with more than 1000 clients. 7 of the top 10 clients have grown during the quarter. It has added 7,819 employees increasing its strength to 31,872 employees in this Fiscal year.

 

The company that managed to get RP-SP Goenka group as promoters on board in FY13 saw its sequential numbers impacted as it plans of restructuring the company to profitable growth was put in action. FSL repaid Rs.1422 crore (including redemption premium) worth of FCCB in Dec'12. Thus, reducing the current gross debt levels to Rs.1380 crore (net Rs.1290 crore).  Currently, FSL is generating cash on quarterly run-rate of Rs.66 crore (Approx.). The company is pretty confident of servicing these outflows through internal cash generation and will be debt free company by 2016-17.

 

Fiscal 2013 revenues of INR Rs 2,818.5 crore, Y-o-Y growth of 25.0%; Operating EBIT of INR 191.2 crore, Y-o-Y up by 99.5%, PAT (profit after tax) of INR 146.6 crore, Y-o-Y up by 136.3%.

Rupee depreciation from 52 to 60 will benefit the company's profitability. Ace investor Rakesh Jhunjhunwala picked up nearly 4 per cent stake for an estimated Rs 25 crore from private sector lender ICICI Bank and others further boosting the company. A total of 2.5 crore shares were acquired by Jhunjhunwala, as per the bulk deal information with stock exchanges.

With healthy pipeline, Rupee depreciating & better than expected execution capabilities, we recommend strong BUY rating on the stock with a price target of Rs 25 within 7 months.

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CMP: 13

Target: 25 in 7 months

 

Formerly known as ICICI OneSource, incorporated in 2001, Firstsource Solutions Limited provides a range of business process outsourcing services.

It offers business process management services to the banking, financial services and insurance (BFSI); telecommunications and media; and healthcare industries. Firstsource has a "rightshore" delivery model with operations in India, U.S., UK and Philippines.

 

Firstsource Recognized with Top Honors at the International Quality and Productivity Council (IQPC) Conference. About 40% of the revenue comes from its healthcare vertical catering mainly to US markets. The Company works with more than 1000 clients. 7 of the top 10 clients have grown during the quarter. It has added 7,819 employees increasing its strength to 31,872 employees in this Fiscal year.

 

The company that managed to get RP-SP Goenka group as promoters on board in FY13 saw its sequential numbers impacted as it plans of restructuring the company to profitable growth was put in action. FSL repaid Rs.1422 crore (including redemption premium) worth of FCCB in Dec'12. Thus, reducing the current gross debt levels to Rs.1380 crore (net Rs.1290 crore).  Currently, FSL is generating cash on quarterly run-rate of Rs.66 crore (Approx.). The company is pretty confident of servicing these outflows through internal cash generation and will be debt free company by 2016-17.

 

Fiscal 2013 revenues of INR Rs 2,818.5 crore, Y-o-Y growth of 25.0%; Operating EBIT of INR 191.2 crore, Y-o-Y up by 99.5%, PAT (profit after tax) of INR 146.6 crore, Y-o-Y up by 136.3%.

Rupee depreciation from 52 to 60 will benefit the company's profitability. Ace investor Rakesh Jhunjhunwala picked up nearly 4 per cent stake for an estimated Rs 25 crore from private sector lender ICICI Bank and others further boosting the company. A total of 2.5 crore shares were acquired by Jhunjhunwala, as per the bulk deal information with stock exchanges.

With healthy pipeline, Rupee depreciating & better than expected execution capabilities, we recommend strong BUY rating on the stock with a price target of Rs 25 within 7 months.

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Casey Phillips: After 40 years, popularity of tabletop gaming rises
despite high-tech competition
Monday, July 29th, 2013
http://timesfreepress.com/news/2013/jul/29/after-40-years-popularity-tabletop-gaming-ri/

Nice article. :)

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Greetings,
Thought folks might be interested in this coming up:

http://rpgresearch.com/news/rpg-research-first-public-meeting

Please consider trying to join this discussion online, your feedback and
insights would be most appreciated.

We are going to have our first public discussion meeting discussing the
therapeutic and educational effects of role-playing games on participants. This
will be both in-person, and simulcast live over the Internet....
RPG Research First Public Meeting, Saturday August 3rd 1:00 pm (Pacific)

A little while ago I posted asking people if they would be interested in a
monthly meeting discussing the topics that RPG Research covers, namely the
educational and therapeutic effects of role-playing games upon participants.

I received responses on Facebook, Twitter, and elsewhere from people that
stated they would be interested, and would participate.

With this feedback, I am going to go ahead and begin a monthly discussion
group meeting, open to the public, starting in August, meeting both in-person,
and broadcast live over the Internet through Google+ Hangout so that people
from around the world can join in the conversation and share their information
and experiences on this diverse range of topics. This will also be simulcast
over the RPG Research Youtube channel.

If you have not already joined the RPG Research Google+ circle (
rpgresearching at gmail dot com ), or Google+ RPG Research Page, or subscribed
to the RPG Research Youtube Channel, or joined the email list ( list-
subscribe@rpgr.org ) please consider doing so.

Google+ account = rpgresearching at gmail dot com

Youtube Channel = http://www.youtube.com/rpgresearch

All of the contact options (Twitter, Facebook, etc.) for RPG Research can be
found here:

http://rpgresearch.com/contact

The meetings are scheduled for 1:00 pm (Pacific Time) the First Saturday of
each month.

The first meeting will take place August 3rd, 1:00 pm Pacific Time, at the
convention TolkienMoot IX -

http://www.tolkienmoot.org

Subsequent meetings will likely take place at the RPG Research facilities in
Spokane, Washington, USA, with special on-location broadcast for key events.

Hope to see you all, in one form or another, at the August 3rd Meeting, 1:00
pm (Pacific).

Sincerely,
--
-Hawke Robinson
Role-playing gamer since 1979.
Game master since 1984.
In training as a recreation therapist, music therapist, and research
psychologist.
WSTRA (Washington State Therapeutic Recreation Association) member.
Retired computer scientist, AS/CS, SANS GIAC GCIH, MCSE, SCSAp1, CNA.

The RPG Research Project
http://www.rpgresearch.com
(509) 252-0800
Research Facilities & Postal Address
1312 N. Monroe Suite 114
Spokane, WA
99218

Facebook: http://www.facebook.com/rpgresearch
Twitter: http://twitter.com/rpgresearch
Skype: dev2devportal

Mission: Clearly establish through rigorous scientific
testing the causal therapeutic and educational effects
of all forms of role-playing gaming on participants.


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CMP: 13

Target: 25 in 7 months

 

Formerly known as ICICI OneSource, incorporated in 2001, Firstsource Solutions Limited provides a range of business process outsourcing services.

It offers business process management services to the banking, financial services and insurance (BFSI); telecommunications and media; and healthcare industries. Firstsource has a "rightshore" delivery model with operations in India, U.S., UK and Philippines.

 

Firstsource Recognized with Top Honors at the International Quality and Productivity Council (IQPC) Conference. About 40% of the revenue comes from its healthcare vertical catering mainly to US markets. The Company works with more than 1000 clients. 7 of the top 10 clients have grown during the quarter. It has added 7,819 employees increasing its strength to 31,872 employees in this Fiscal year.

 

The company that managed to get RP-SP Goenka group as promoters on board in FY13 saw its sequential numbers impacted as it plans of restructuring the company to profitable growth was put in action. FSL repaid Rs.1422 crore (including redemption premium) worth of FCCB in Dec'12. Thus, reducing the current gross debt levels to Rs.1380 crore (net Rs.1290 crore).  Currently, FSL is generating cash on quarterly run-rate of Rs.66 crore (Approx.). The company is pretty confident of servicing these outflows through internal cash generation and will be debt free company by 2016-17.

 

Fiscal 2013 revenues of INR Rs 2,818.5 crore, Y-o-Y growth of 25.0%; Operating EBIT of INR 191.2 crore, Y-o-Y up by 99.5%, PAT (profit after tax) of INR 146.6 crore, Y-o-Y up by 136.3%.

Rupee depreciation from 52 to 60 will benefit the company's profitability. Ace investor Rakesh Jhunjhunwala picked up nearly 4 per cent stake for an estimated Rs 25 crore from private sector lender ICICI Bank and others further boosting the company. A total of 2.5 crore shares were acquired by Jhunjhunwala, as per the bulk deal information with stock exchanges.

With healthy pipeline, Rupee depreciating & better than expected execution capabilities, we recommend strong BUY rating on the stock with a price target of Rs 25 within 7 months.

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CMP: 187
Target: 270 in 6 months

Company description:

Tata Communications Limited (formerly VSNL) was the monopoly ILD (International Long Distance) voice service provider until March 2002, when it was privatised and the Tata Group picked up a majority stake. The company , along with its subsidiaries is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications has continued to pioneer innovative products and display leadership across its Enterprise Telecom portfolio. With strong emphasis on innovation in terms of technology, a vertically and horizontally-diverse service portfolio and strong global network, it has succeeded in offering best-in-class products and services together with a compelling value proposition to its Enterprise customers. The Tata Communications global network includes one of the most advanced and largest submarine cable networks and a Tier-1 IP network with connectivity to more than 200 countries and territories across 400 PoPs (Post Office Protocol), as well as nearly 1 million square feet of data centre and collocation space worldwide along with acquisition of Tyco for US$130m in July 2005 and Teleglobe for US$239m. It also has a 10.0% stake in Tata Tele (post equity dilution from the entry of NTT DoCoMo) and 741 acres of surplus land.

 Tata Communications' depth and breadth of reach in emerging markets includes leadership in Indian enterprise data services, leadership in global international voice, and strategic investments in South Africa (Neotel), Sri Lanka (Tata Communications Lanka Limited) and Nepal (United Telecom Limited).

 Core business trends are healthy:

 

a.       Voice Segment- This has been benefitting from a steady volume growth as TCOM has managed to increase its market share as well as rupee depreciation.

b.      Data Segment - Margin in the data business too has held on despite high marketing spend with a rising contribution of higher-margin enterprise segment.

c.       Neotel - South African subsidiary, has seen steadily growing up and has now achieved EBIT breakeven.

d.      Overall biz continues to improve as Shanghai joins Tata Communications' global Telepresence network via partnership with China Mobile and JW Marriott.

 

Recognition and Awards:

 

Frost & Sullivan honours Tata Communications  with four awards in the Enterprise Telecom Services category at the 2013 Frost & Sullivan, India, Information & Communications Technology (ICT) Awards and they are for:

•   Enterprise Data Service Provider of the Year (fifth year in a row)

•  Hosted Contact Centre Service Provider of the Year (third year in a row)

•  Third-Party Managed Service Provider of the Year (second year in a row)

•   Managed Video Conferencing Service Provider of the Year

 

 Land sale Benefit:

 The cabinet has given approval for a land demerger. Four years back company's Land     NAV was at Rs110/share now it has to be at least Rs250/ share due to increase in land valuation.  Unlocking of land will be a key catalyst for Tata Communications, as it not only benefits minority shareholders, but will also give management flexibility to undertake any corporate restructuring (a logical merger with group company TTSL) or raise equity to de-leverage. It could also pave the way for unwinding the residual government stake.

 

Valuation:

 We expect Tata Communications to emerge as one of the biggest beneficiaries of an improving pricing environment given its dominant position in the Telecommunication sector. With company achieving EBIT breakeven in FY13and further capturing value from its existing business (domestic + international + SA subsidiary), surplus land and stake in Tata Teleservices  and also, with India at the cusp of data growth leaving tremendous scope for expansion may result stock price going up by 40%.
We believe the stock at CMP Rs.187 is a good opportunity point as long term drivers are intact with a target price of Rs. 270 in 6 months.

 

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CMP: 187
Target: 270 in 6 months

Company description:

Tata Communications Limited (formerly VSNL) was the monopoly ILD (International Long Distance) voice service provider until March 2002, when it was privatised and the Tata Group picked up a majority stake. The company , along with its subsidiaries is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications has continued to pioneer innovative products and display leadership across its Enterprise Telecom portfolio. With strong emphasis on innovation in terms of technology, a vertically and horizontally-diverse service portfolio and strong global network, it has succeeded in offering best-in-class products and services together with a compelling value proposition to its Enterprise customers. The Tata Communications global network includes one of the most advanced and largest submarine cable networks and a Tier-1 IP network with connectivity to more than 200 countries and territories across 400 PoPs (Post Office Protocol), as well as nearly 1 million square feet of data centre and collocation space worldwide along with acquisition of Tyco for US$130m in July 2005 and Teleglobe for US$239m. It also has a 10.0% stake in Tata Tele (post equity dilution from the entry of NTT DoCoMo) and 741 acres of surplus land.

 Tata Communications' depth and breadth of reach in emerging markets includes leadership in Indian enterprise data services, leadership in global international voice, and strategic investments in South Africa (Neotel), Sri Lanka (Tata Communications Lanka Limited) and Nepal (United Telecom Limited).

 Core business trends are healthy:

 

a.       Voice Segment- This has been benefitting from a steady volume growth as TCOM has managed to increase its market share as well as rupee depreciation.

b.      Data Segment - Margin in the data business too has held on despite high marketing spend with a rising contribution of higher-margin enterprise segment.

c.       Neotel - South African subsidiary, has seen steadily growing up and has now achieved EBIT breakeven.

d.      Overall biz continues to improve as Shanghai joins Tata Communications' global Telepresence network via partnership with China Mobile and JW Marriott.

 

Recognition and Awards:

 

Frost & Sullivan honours Tata Communications  with four awards in the Enterprise Telecom Services category at the 2013 Frost & Sullivan, India, Information & Communications Technology (ICT) Awards and they are for:

•   Enterprise Data Service Provider of the Year (fifth year in a row)

•  Hosted Contact Centre Service Provider of the Year (third year in a row)

•  Third-Party Managed Service Provider of the Year (second year in a row)

•   Managed Video Conferencing Service Provider of the Year

 

 Land sale Benefit:

 The cabinet has given approval for a land demerger. Four years back company's Land     NAV was at Rs110/share now it has to be at least Rs250/ share due to increase in land valuation.  Unlocking of land will be a key catalyst for Tata Communications, as it not only benefits minority shareholders, but will also give management flexibility to undertake any corporate restructuring (a logical merger with group company TTSL) or raise equity to de-leverage. It could also pave the way for unwinding the residual government stake.

 

Valuation:

 We expect Tata Communications to emerge as one of the biggest beneficiaries of an improving pricing environment given its dominant position in the Telecommunication sector. With company achieving EBIT breakeven in FY13and further capturing value from its existing business (domestic + international + SA subsidiary), surplus land and stake in Tata Teleservices  and also, with India at the cusp of data growth leaving tremendous scope for expansion may result stock price going up by 40%.
We believe the stock at CMP Rs.187 is a good opportunity point as long term drivers are intact with a target price of Rs. 270 in 6 months.

 

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As a Wikipedian, I would have to say that we have insufficient current notability. We might be worth mentioning in relation to various historical conflicts—assuming that they are notable enough to warrant mention themselves and we can find any objective, third-party sources to cite—but unless we can come up with a critical mass of those or (re)gain stature through a well-organized response to a series of high-profile attacks, we're not going to have enough notable points to build the skeleton of an article.

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