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Dec 31
bought Balkrishna Ind., Indo Tech Transformers
RBL Bank

 

bombayboy, indo tech is in loss. why you bought it?

 

because I had idle cash and was bored, looking at movers and it was @ ₹198, looked it up and find GE & its Mexican JV partner own the company. If the Ujwal Discom Assurance Yojana comes good, the sector will get a boost from business by Discoms.

some info from India Ratings' Credit Rating of ITL -

• Linkage with Strong Parent: The affirmation reflects ITL’s continued linkage with its parent Prolec GE Internacional S de R.L. C.V., Mexico (Prolec-GE). Prolec-GE is a closely held JV between General Electric (GE) and Xignux Group of Mexico (Fitch Ratings Ltd National Long-Term Rating: ‘A+ (Mex)’) and is the designated vehicle for transformers by GE. The parent continues to support ITL’s operations by extending financial, operational and marketing support. In FY15, the parent infused INR1.49bn of non-repayable grant which the company used to repay all of its working capital debt.
• Performance Turnaround: Although ITL reported EBITDA losses for the sixth year in succession in FY15, a turnaround is evident from growing revenue and shrinking EBITDA losses. Revenue grew 38% yoy in FY15 while the operating EBITDA losses declined to INR57m from INR269m during 12 months ending March 2014. The improved operational performance is attributed to an improvement in realisations and operational efficiency. A sustained improvement in operations leading to ITL reporting positive EBITDA depends largely on ITL’s ability to secure significant high-margin export orders. The company, with the support of GE, is likely to receive significant export orders over the next six months. Ind-Ra continues to expect the company to return to profitable operations in FY17.

 

Warren Buffett says when you have cash and are bored you should go to bar and not to stock exchange

Or go to Bar Stock Exchange Pub https://www.zomato.com/mumbai/the-bar-stock-exchange-sakinaka

 

rbl bank is unlisted?

 

Yes

knew about an American bar with that theme, didn't know we have one in Mumbai

I'm a teetotaller though

 

Jan 4 - bought ICICI Bank, Tata Chemicals, ITC

Jan 5 - bought Tide Water Oil & cut my losses in Eros

 

CPSEs asked to pay 30% dividend, cash rich PSUs to issue bonus/special dividend

started buying PSU Banks - primarily SBI, PNB, BoB

 

Conclusion (regarding the article written by Nishanth Vasudevan): -

1. Avoid largecaps

2. Be very careful of 'turn around stories'.

Thanks for sharing.

 

Ruchir Sharma, Morgan Stanley on Top Global Economic Trends

Stopped buying banks. Will wait for results.

 

thanks for sharing

 

If you're in the section that believes crude prices falling, China slowdown and other global economic factors are good for India and the Indian economy will grow come what may, wish you a happy weekend!

The DJIA & NASDAQ are both trading ~3% lower and crude was below $30. Not a good one to head into weekend and wake-up to on Monday. Tighten your seatbelts, it's likely to be a rough ride.

Buffett oil bet

 

added to existing - Max India

does anybody hold Gujarat Gas - would like to know what has happened to your existing holdings after the restructuring

 

Your prediction proved correct. Today shares fell a lot. It is such a bumpy ride!!!

 

Reliance was the biggest loser today if you ignore Cairn & Vedanta. RIL Q3 numbers tomorrow, will it drag the markets down?

No cues from the US markets - holiday.

19 Jan

 

Bought 300 Sun TV @ ₹361 with AMO but damn
booked loss - ₹7700

 

Hello Fellow Members,
Absolute carnage...on expected lines though...with all & sundry stocks hitting crazy valuations....Bottom in sight? Your guess is good as mine!! Fortunately this time around learnt from past mistakes & have kept the ammunition ready ( atleast i hope so.. markets is always king).
Nifty PE @ 19.7....16 -18 would be my comfort level ..

1.Large Caps offering more value or quality midcaps??
2 .Beaten down commodity ,oil& gas, PSU Banks looking attractive??
3.25% allocation to debt & fixed income, 25% Cash, 50% Equity till market stabilizes??

And yes keep some cash aside for the Bar ....in case all hell breaks out!!! )

Would be great to hear your views !& Top Stock Picks!! Cheers & Happy Investing.!!

 

Mahesh,

What was a largecap yesterday, is a midcap today. While many midcaps are still trading at higher valuations, the fall makes largecaps look attractive.

At the beginning of the year, the theme was largecaps will do better because of under performance last year.

Let's see how it goes. Volatility is the name of the game.

My stock picks - they're in the thread and others that I'm looking at. Started buying in December with a little amount and still hold them. Not comfortable committing any fresh funds to new purchases now.

I want to believe achche din aayenge!

 

don't call me a pessimist or call me what you want but listen to SwamiSpeak

India must prepare for global recession and stick to fiscal consolidation targets

 

another interesting read



"Earnings prospects hardly mattered as stock performances have been determined by liquidity."