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Buy Karuturi Global – 105% returns as on 26-01-10

Posted on: December 9th, 2008 at 3:02 am

CALL CLOSED (LONG TERM INVESTORS – HOLD IT) – Buy Karuturi Global around Rs.10, Current market price: 11.70. Long term target: 24.

Karuturi Global is the world’s largest producer of roses, cultivating 585 million stems per annum. Boasts over a decade of experience in rose cultivation with operations in Ethiopia, Kenya and India. Strategic foothold in Ethiopia and Kenya would enable the company to cater to burgeoning demand from Europe and augment its global market share.

BSE announcement as on 08-12-08
Karuturi Global Limited has informed the Exchange that “Our company Karuturi Global ltd. the largest grower and exporter of Roses in the world with presence in India, Kenya Ethiopia, Dubai and Holland has concluded a new contract for supply of 50 million roses, an increase of 28% over 36 million roses supplied in the previous year, from Edeka, one of the largest super markets network in Germany. This order comes at an increased price ranging from 20% to 33% above that of the price received this year. This order will be executed through its various production facilities.

The company also has recently started supply of roses to Jambo, a reputed supermarket chain in Holland. Currently 75% of the company’s production is on firm price contracts with leading super markets as customers. The company is currently negotiating contracts for the next year and expects a significant price increase from that of the previous year.

The company also is on the threshold of getting Fair trade certification in addition to it’s exiting certifications of MPS and Fair Trade Fair Plant certifications. This export order is one of the largest deal of its kind in the $80 billion global cut flower industry. With this order, cut roses from the Karuturi’s stable will find themselves on the shelves of some of the leading super market chains across Germany, United Kingdom and France. This new contract is a testimony to the faith reposed by customers on Karuturi’s quality, commitment, timely supply and strong customer relationships”.

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19 Responses

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Comment pages: 12Show all

  1. CB Says:
    December 18th, 2008
    Posted at: 11:46 am

    Hi Rajsingh, wait for some time.. Markets may come down.. you should get it at cheaper levels..


  2. RK Says:
    December 19th, 2008
    Posted at: 1:37 pm

    i bought 50 shares at 12.35 .
    your Investment ideas are one i am looking for - which are worthier as well as your intraday calls
    Great service


  3. CB Says:
    December 19th, 2008
    Posted at: 1:39 pm

    Hi RK, thanks for the complement :)


  4. Rajesh Says:
    December 29th, 2008
    Posted at: 11:55 am

    Great going man. :)


  5. Yogesh Says:
    January 3rd, 2009
    Posted at: 1:02 pm

    This is great stuff CB! Please let me know when to exit. thank you.


  6. CB Says:
    January 3rd, 2009
    Posted at: 7:26 pm

    Hi Yogesh, Most welcome.. Book partial profits next week..


  7. abhinav sharma Says:
    April 23rd, 2009
    Posted at: 2:36 pm

    what is the future of kgl?


  8. CB Says:
    April 23rd, 2009
    Posted at: 3:27 pm

    Hi abhinav sharma, its a strong company fundamentally.. it has a target of 20+ in long term


  9. thangam Says:
    May 27th, 2009
    Posted at: 7:34 pm

    thank u sir, last weak am earn 40 thousand ur ideas.give me 5 years investment ideas penny stocks pls replay my mail. thank u


  10. CB Says:
    May 27th, 2009
    Posted at: 8:51 pm

    Hi thangam, Nice to hear that.. as of now no new calls.. will post some this weekend..


  11. sameerpaul Says:
    May 8th, 2010
    Posted at: 10:41 pm

    any idea about piramal life science???????????


  12. CB Says:
    May 8th, 2010
    Posted at: 10:46 pm

    Hi sameerpaul, it has good support at 104, if holds it, can head upto 118


  13. nitin phadte Says:
    July 27th, 2010
    Posted at: 4:58 pm

    i heard that kurutari global will reach a target of 200 withine 2 to 5 year and iwant to invest 5 lakh rupees for the term of 5 year


  14. Ritu Kallani Says:
    July 27th, 2010
    Posted at: 6:18 pm

    Hi Kartik,
    any new calls as of now..either in swing trade or n e penny stocks in which i can still invest ...plz let me know...


  15. assaye Says:
    May 6th, 2011
    Posted at: 3:46 am

    Bad Investment,
    I think investors are unaware about bad and illegal deals KARUTURI GLO made with Ethiopian government with out the agreement of the Ethiopian people. The Ethiopian people is taking land from locals people by force. Ethiopians are under the gun of the government forces, the can not say or do anything. Investors be aware, please watch the video about this illegal Indian company called KARUTURI GLO. Please go to www.ethiomedia.com to watch the video.

    Thank you,


  16. hailu Says:
    October 6th, 2011
    Posted at: 2:54 pm

    Hello investors,

    Sorry to hear bad news about Floods Ravage Karuturi Agriculture Colony in Ethiopia

    Floods Ravage Karuturi Agriculture Colony in Ethiopia With Divastating Loses
    by Oromay Tue Oct 04, 2011 10:59 pm

    Karuturi incurs $15 mn loss as floods ravage maize crop in Ethiopia
    BS Reporter / Chennai/ Bangalore October 05, 2011, 0:14 IST

    Karuturi Global Limited, the Bangalore-based publicly-held agri-commodities player, has said it has incurred a loss of $15 million due to flash floods in Ethiopia.

    Karuturi in a statement said the floods had affected its maize crop in over 12,000 hectares of land that has been leased to them. The fresh floods bursting the banks of river Baro and Alwero has resulted in the submergence of the crop that would have produced up to 50,000 tonnes of maize, a senior company official noted.

    However, the firm informed the stock exchange that it is committed for developing a second crop for this year and is confident that large-second crop will not see the same fate. The company had planned to plant about 20,000 hectares having completed 12,000 hectares. It had planned to sow 20,000-30,000 hectares in November-December, by growing maize on 10,000 hectares of maize while the rest 2,000 hectares was to be of paddy.

    Karuturi Global is among the global majors in rose exports and during the past two years, it's been putting in place a concrete strategy to get into agriculture sector. The company, as part of the move, leased vast tracts of land in Ethiopia to grow a host of crops including wheat, oil palm, sugarcane, paddy among others. The company has initiated an ambitious $300 million investment plan over a period of five years to take this to fruition and is understood to be reaching closure to raise $180 million debt as part of this initiative.

    As part of its damage-control move, Karuturi said it has retained the services of Wapcos Limited, a mini-ratna public sector enterprise, to provide consultancy services for undertaking flood control measures besides designing an irrigation and drainage system. WaterWatch, another Dutch advisory firm, has also been engaged in authenticating the irrigation, drainage and flood control by Karuturi.

    This setback is expected to push back Karuturi's plans to increase its share of revenues from agriculture. The company was expected to get 35 per cent of its revenues from agriculture business in the next two years.

    Ethiopia saw an above-normal rainfall during the June-September rainy season this year, with flooding in western, northwestern and central areas. Areas around Lake Tana in Amhara region, parts of Gambella and along the Awash basin in Afar region were affected. Parts of these areas, particularly in low-lying regions and near riverbanks, faced flooding.

    Launching an appeal on July 11 for drought aid, Ethiopias Agriculture Ministry had said the countrys food security situation had deteriorated since the beginning of the year to the La Nia-induced drought currently ravaging parts of the country.

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