What do you guys think about Jaypee Greens Wishtown - NOIDA? Is this a good time to buy? Is Wishtown a good investment?

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  • Originally Posted by TalkStraight
    JP had Total consolidated estimated debt of 70,000 CR as on 31-Mar-2016.
    Annual finance cost approx 7,500 CR as per declared results ( assuming * 12%)

    Can some one list down all Jaypee asset sales expected to conclude in current FY.

    1. Cement plants sale 16,000 CR
    2. Debt to equity conversion JP-Power 3,000 CR
    3. 500 MW (megawatt) thermal power plant to JSW Energy for Rs 2,700 crore
    4. Bhilai cement plant for Rs 1,450 crore to CK Birla group company, Orient Cement Ltd
    5. Nigrie cement grinding unit Rs 500 crore to CK Birla group company, Orient Cement Ltd
    6. approx 2500 CR from land and asset sale within jaypee infratech ( Nirman sadan and land in wishtown and Y.expressway)
    7. ????
    8. ????
    9. ????
    10. ????





    Jaiprakash Associates on Saturday also announced that due to the restructuring of equity , the JP Power Venture ceases to be its subsidiary, which would reduce its consolidated debt burden by nearly Rs 25,000 crore. JP Associates has a total debt of Rs 67,528 crore as on March 31, 2016.

    Now how will numbers look in next FY results.
    It seems approx 45k CR will be knocked off from JPA balance sheet .. leaving only 22k ...
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  • Originally Posted by TalkStraight


    Jaiprakash Associates on Saturday also announced that due to the restructuring of equity , the JP Power Venture ceases to be its subsidiary, which would reduce its consolidated debt burden by nearly Rs 25,000 crore. JP Associates has a total debt of Rs 67,528 crore as on March 31, 2016.

    Now how will numbers look in next FY results.
    It seems approx 45k CR will be knocked off from JPA balance sheet .. leaving only 22k ...

    Get your facts right. JP power had debt of less than 12k crore even before asset sales and conversion of debt to equity . And just because a company is no longer officially a subsidiary doesn't mean any of the loan guarantees given by JP associates or promoters are no longer valid. What matters is not the absolute size of the debt but debt relative to assets and revenue. For example, the size of Unitech's and Kingfisher's debt is much less than that of JP. That doesn't mean they are in any better shape.
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  • Originally Posted by Truenity

    Get your facts right. JP power had debt of less than 12k crore even before asset sales and conversion of debt to equity . And just because a company is no longer officially a subsidiary doesn't mean any of the loan guarantees given by JP associates or promoters are no longer valid. What matters is not the absolute size of the debt but debt relative to assets and revenue. For example, the size of Unitech's and Kingfisher's debt is much less than that of JP. That doesn't mean they are in any better shape.


    Consolidated finance cost for JP-Power for previous financial year was 2498.87 CR meaning approx 25k CR consolidated debt on JP-Power only which has been removed from JPA balance sheet after this SDR.


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  • Originally Posted by TalkStraight



    Consolidated finance cost for JP-Power for previous financial year was 2498.87 CR meaning approx 25k CR consolidated debt on JP-Power only which has been removed from JPA balance sheet after this SDR.



    Shame on you for trying to mislead people. There is also the company balance sheet that lists the actual debt. Why don't you post that instead of the income statement, where financing costs were higher because the company had higher debt in the prior year which has come down after asset sales.
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  • What is status of WT case in Supreme Court?
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  • Originally Posted by Truenity

    Shame on you for trying to mislead people. There is also the company balance sheet that lists the actual debt. Why don't you post that instead of the income statement, where financing costs were higher because the company had higher debt in the prior year which has come down after asset sales.


    Shame on you that you keep coming back again and again... how many times should u be thrown out from the forum....
    Only if you are cordial then expect others to debate cordially. Post if you have refrences... dont post in air !!
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  • Who are you truenity and what is your interest in wish town, really curious - why don't you come out clean with your interest here.
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  • Insults/Flaming
    IREF was put together for people to come together and help each other, collaborate and discuss in a positive way – not bash on someone because you don't like their idea, or because they don't share the same views as you. We are big into the free speech idea here. So you're free to say what you think – but do it in a constructive and positive way. We encourage mature debates – discourage childish arguments. Personal attacks, insults, rudeness, racism, threats, name calling or unnecessarily inflammatory posts will NOT be tolerated. Common courtesy, politeness and respect for fellow members, along with constructive posting of opinions are essential in preventing posts from being edited and/or deleted, or having threads locked. Whilst we encourage healthy disagreement/debate, please maintain respect towards fellow members at all times.
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  • Originally Posted by abhimax
    Who are you truenity and what is your interest in wish town, really curious - why don't you come out clean with your interest here.

    Friend,

    My only interest is the truth.
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  • Originally Posted by Truenity

    Friend,

    My only interest is the truth.


    Unconvincing - raises doubts even more on your intent!
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  • Originally Posted by abhimax


    Unconvincing - raises doubts even more on your intent!

    It's a free world. Everyone is entitled to their doubts.
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  • Originally Posted by Truenity

    Shame on you for trying to mislead people. There is also the company balance sheet that lists the actual debt. Why don't you post that instead of the income statement, where financing costs were higher because the company had higher debt in the prior year which has come down after asset sales.




    Originally Posted by TalkStraight


    Shame on you that you keep coming back again and again... how many times should u be thrown out from the forum....
    Only if you are cordial then expect others to debate cordially. Post if you have refrences... dont post in air !!


    Another slap on you face...
    Consolidated debt on JP power balance sheet.

    Non current liablities =22,088.02 cr
    Current liablities = 5,737.62 cr
    Total approx 27k Cr as of last year.

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  • I had said that JP power has debt of less that 12k crore and what you have posted clearly confirms that. Don't understand how someone can be so brazen.
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  • It seems some people are too ignorant to understand the difference between standalone and consolidated and debt and liability
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    2 Comments
    • TalkStraight1 years ago
      Bhai he said it for himself .. LOL

      " some people are too ignorant to understand the difference between standalone and consolidated and debt and liability"
  • How are the delivered units in Golf Course side in Jaypee Greens noida coming along? Any increase in occupation or improvement in livability?
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