Deccan Chronicles has many positives in the near term and one of them which I think is Deccan Chargers would be performing well in Airtel Champions Trophy.
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Deccan Chronicles Holding Limited ( DCHL ) has many positives in the near term and one of them which I think is Deccan Chargers would be performing well in Airtel Champions Trophy which would give better value to the Deccan Group if they plan to en-cash the investment in the team. Apart from that there are many others like
- Concerns on balance sheet issues put to rest: As per Motilal Oswal’s Report Working capital to sales ratio has declined from 73.6% in FY07 to 20% in FY09 which I think should be good going forward.
- After the launch of Deccan Chronicle in Bangalore, DCHL has presence in all the key markets of South India.
- DHCL has recently increased the Advertising rates without much decrease in demand for ad spending from key segments like autos, real estate and financial services.
- Newsprint costs have declined quite a bit from its peak in the near past and is expected not to go up by too much giving better margins to DCHL.