Sical Logistic.....another Logistic Co with huge growth Potential......

Friends,
I donno why people keeps on asking me about giving more and more stock to buy....I think I write new stocks at regular interval......Just I wrote about Rathi Steel and Power and am back today with a new stock here , named Sical Logistic Ltd , a A C Muthiah, Co, owner of SPIC , a bluechip co of yesteryears.....a fertilizer co....and after reading the below article I can say that A C Muthiah is keen to turnaround SPIC and that hence SPIC can be an excellent buy.....

Here is what I read in Livemints epaper:

Sical Logistics Ltd is selling its 27% stake in a new container handling facility at Chen- nai port to PSA International Pte Ltd, its dominant joint ven- ture partner, two people familiar with the matter said.

“Sical has applied to us for permission to sell its 27% stake in Chennai International Ter- minals Pvt. Ltd to PSA,“ said an official at Chennai port.
“We have referred the proposal to the legal department.“
Proceeds from the stake sale will be used by the parent AC Muthiah group to restructure its debt-ridden fertilizer firm Southern Petrochemical Indus- tries Corp. Ltd (Spic), the sec- ond person said. The two people did not want to be named.
L.R. Sridhar, managing di- rector of the Chennai-based Sical Logistics, said the “deal has not been done yet“.
A venture between PSA and Sical had invested around Rs600 crore to build the new facility, which it will operate for 30 years.
PSA, the world's second big- gest container port operator, is fully owned by Temasek Hold- ings Pte Ltd, the investment arm of the Singapore govern- ment. Chennai is India's sec- ond biggest container port af- ter Jawaharlal Nehru port near Mumbai.
But Sical wants to exit the venture as it does not forsee a meaningful role in its operation, management and maintenace because of the minority share- holding, the second person said.
The PSA-Sical facility, the sec- ond container handling termi- nal at Chennai port, is designed to handle 1.5 million standard containers a year.
Chennai International Termi- nals, the special purpose vehicle for implementing the project, was originally structured with PSA holding a 60% stake and Si- cal taking the balance. However, in 2008, because of the financial trouble facing the AC Muthiah group, Sical decided to settle for a 27% stake in the joint venture.
“Sical did not support PSA in raising debt for the project, which was totally done by the Singapore operator by leveraging its balance sheet,“ the second person said. “PSA is of the view that Sical was not giving any val- ue addition to the project.“
Sical was also facing problems in getting its port concessions assigned in favour of a subsidiary created in 2007 to house its ownership in concession-based, asset-intensive terminals in the inland and port infrastructure space.
These include Sical's 74% stake in a new iron ore-handling terminal at Ennore port and its 37.5% stake in a container-han- dling facility at Tuticorin port, both in Tamil Nadu. Sical is also setting up iron-ore handling fa- cilities at the Union govern- ment-owned New Mangalore port.
Other projects in this portfolio are Sical Distriparks Ltd, the firm's container logistics busi- ness, and Sical Multimodal and Rail Transport Ltd, its container train operating unit.
Sical Logistics also owns a 74% stake in subsidiary Sical In- fra Assets Ltd, with Old Lane Mauritius IV Ltd, a vehicle of Old Lane Opportunities Funds, holding the balance equity.


My Comments:
From the above article on Sical wanting to sell its stake in Chennai International Terminals Pvt. Ltd to PSA,as AC Muthiah wants to turnaround SPIC by infusing these money in SPIC....
what else one can see is the various stake Sical Logistic is having in different Companies...
Let us see what they are:
1)  Sical's 74% stake in a new iron ore-handling terminal at Ennore port .
2) 37.5% stake in a container-handling facility at Tuticorin port.
3) Sical is also setting up iron-ore handling fa- cilities at the Union government-owned New Mangalore port.

4) Sical Distriparks Ltd, the firm's container logistics business, and
5) Sical Multimodal and
6)Rail Transport Ltd, its container train operating unit.



 Now can any investor ignore such an excellent investment opportunity?
Mcap is at 381 cr while sales is at 473 cr last year which is less then Mcap and in all probability , sales should cross 550 cr this year.....
The value is still to be unlocked about all the above stake which I have mentioned here.....
I feel that Sical Logistic is a screaming buy at this rate......
I may be wrong in my analysis so Due Diligence is a must for each and everyone before buying or selling Sical Logistic.....