Did anyone attend Lancer container’s AGM?
No questions were allowed, it was over in < 20 mins. https://www.youtube.com/watch?v=9zp9l8W-OaM.
Have small position w a small loss… though company is apparently expanding and probably at bottom of cycle now, I see too many corporate governance red flags & will exit soon.
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Can you list some of corporate governance red flags?
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on 07.08.2024 shareholding was published by the company and same is available at BSE site
Aug 07, 2024 Elara Capital Plc 19,080,000 8.01%
Jun 2024 Elara Capital Plc 16,218,000 6.89%
Any idea to increase shares by Elara!!!
and
Again, right issue is coming of Rs 150 Cr
Any guess on what could be the right price?? Near term looks glim but 2 years down the line seems great.
No idea about the right … generally rights come less than 10-20% on current market price!!! Might be that reason, they are lowering the CMP !!!
8b2c0934-8f1d-456b-bb47-5b99dc22f76f.pdf (1.4 MB)
Update on Pref allotment
It seems like a cyclical stock going though cyclical downturn. Why didn’t you sell it earlier
Too many red flags, but they were showing all positiveness in their concalls last year.
Promoters sold off >30%. Lot of changes in management Lancer Container Lines Limited Insider Trading & Ownership Structure - Simply Wall St
I think they also assigned very inexperienced CEO, may be a dummy : https://www.linkedin.com/in/shruthi-nair-aa288462/
I can’t see any impactful work / history of this CEO. And her stake in the company is just INR 75K.
I was sold out at their projections of 45K TUE in 2026, aquisition of another company etc etc… I invested quite a good portion of my portfolio in the last 1.5 years and sitting on a loss of 30%.
Thinking of existing, but not able to take the loss. Still hoping that they somehow recover, may be thats the mistake as an investor to trust company more than the promotors themselves.
Any insights that can help will be helpful.
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There is very strong thesis here, container business has very strong tailwind…
Abdul Chataiwala is driving the business with his network in middle east, current CEO and the one before that are just namesake…
As soon as the red sea crisis stops, this would fly…dont get discouraged by short term volatility as its in a space where there are many moving parts, my sense is pref equity issuance to promoters also had a role in the current correction so that they can acquire at low price…, just review strictly with 3-5 yr horizon and keep away with weekly or monthly stock price movement to appreciate the big picture here…
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Fingers crossed!
I’m holding the stock only due to Mr. Chataiwala’s leadership. Though they do limited concalls and since the very first concall, I could make out the firmness and confidence in his voice.
Yeah, holding tight right now.
Promoter, Abdul chataiwala has increased the share holding a bit this month from 41.88% to 44.67%. So it seems even promoters want to cash on the low price.
@Sunil27
Can you explain this a bit? any link to read further? I don’t know what is pref equity stuff. Thanks in advance.
my sense is pref equity issuance to promoters also had a role in the current correction so that they can acquire at low price
Promoter had given unsecured loan to company of ~41cr which they have converted into equity by issuing pref shares to themselves at price of 42 rs per share, you may read the notification filed by company in last 3-6 months with bse for these details
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Hello Respected members, lancer has sent postal ballot notice for shareholders for voting purpose in which one of the point is to do business from its dubai subsidiary, can anyone through some light, is it a favourable proposal or it should be denied at voting
Thanks
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Under Notes to Account:
6. The Red Sea shipping crisis, which began in December 2023, continues to have a profound impact on global trade and logistics. Triggered by escalating
geopolitical tensions and heightened security risks in the region—the crisis has disrupted critical maritime trade routes connecting Asia, Europe, and the Middle East.
=> The operational cost has increased and no early sign to go down!!! The net worth of the company as on 31.03.2025: Rs 487.02 Cr while as on date Market cap is below 400 Cr.
=> The Company was showed on Annual Report 2023-24 (Page 123) Loans including Lanica Shipping LLC Rs 250.12 Cr and now on the current Financial Year NO amount under other non-current assets and same period PPE was increased by Rs 342.48 Cr.
Something wrong / unable to understand about Company MATHS?
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lancer news.pdf (271.9 KB)
Lancer Update 23.06.2025.pdf (3.8 MB)
Positive and Negative News reported by the company
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how come changes in board independed director is a negative news? care to explain.
Not the change of Directorship
Ms. Shruthi Rajiv Nair, the existing Chief Executive Officer (“CEO”) of the Company, has decided to tender resignation from the office of CEO…Namesake CEO
and appointment of new CEO (again Namesake)
Mr. Sumit Sadh holds a **Bachelor’s degree in Commerce, ** he has more than 40 years of experience in A M field of finance and accounting. He has worked with Bhatkal & Co., Chartered Accountant firm for over 9 years. He holds expertise in finance and investment banking. Mr. Sadh was also appointed as CEO of Sunchan Securities Limited, a stock broking company. Mr. Sadh has also been into Investment Banking before been part of Lancer. He has been on his entrepreneurial journey of exporting garments for 10 years. Previously he had also served as Director of Funitory Trading Private Limited, Yudhisthir Developers Private Limited and Macoll Securities Private Limited.
Another Big Question at my side: Statutory Auditor of the Company
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