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Posts in category Value Pickr
Part time post graduate program (11-07-2024)
I was also thinking to give CFA too . Will this suffice the sebi requirement or do i need the pg diploma or mba compulsory?
Annapurna Swadisht Ltd – A Swadisht FMCG investment? (11-07-2024)
Thank you brother for the knowledge
Annapurna Swadisht Ltd – A Swadisht FMCG investment? (11-07-2024)
Thank you brother for the knowledge
The HS Portfolio (11-07-2024)
Worked out well at the end of the day.
The HS Portfolio (11-07-2024)
Added 2 positions last week and this week,
- 2% PF addition on Manali Petro.
- 3% PF addition on Swan Energy.
- 3% PF addition on Religare Enterprises
Have ample cash but waiting to deploy.
Nuvama Wealth Management: Proxy to Affluent India (11-07-2024)
Nuvama’s MD and CEO Mr. Ashish Kehair did an interview where he discussed Nuvama and the industry
Here are my notes on the same:
Industry
- GDP growth leading to increase in equity and real estate value is leading to prosperity and this prosperity is not just in the top tier cities.
- Adding financilisation to this, he believes it is a structural trend which is just beginning.
- Banks have led the way worldwide in wealth management but India still has a lot of credit needs which leaves this white space for asset management/ wealth management companies like Nuvama.
- How long can this structural trend persist? the geographical reach is increasing and it will keep increasing as GDP per capita increases. Moreover, size of assets/ wealth is focused on top 2 tiers. When GDP per capita reaches 10,000 then the bottom of the pyramid too become attractive. so it will increase in terms of location and also bottom pyramid
- Promising areas: Jaipur, Udaipur, Coimbatore, Varanasi etc. HNIs can be found here
- huge demand supply gap.
Business
- focus is on wealth management while the rest accompany them
- If equities grow by 15%, these guys can grow at 20% due to inflows and some investments in debt.
- Wealth management have the highest degree of separation from capital markets in this proxy to capital markets businesses.
- Growth strategy: You need to launch a few products to fill a few gaps. This is not the biggest priority but what matters is sourcing the right manufacturing. Moreover, you need RMs to grow but they become more productive as assets of these HNIs keep growing by compounding. so same client and same RM but higher AUM.
- RM: 120-125 in Nuvama private. 1200 in Nuvama in wealth. Add 20-25% every year and a little more on wealth side. Possible of imagining 12,000 RMs as India is 20 years behind India and these are the numbers they operate
- the only variable cost is producer cost, while most is fixed or semi fixed in nature.
- Aims to reach 59-60% Cost to income ratio in 2-3 years.
- Aiming to set up an office in Dubai. One big advantage is channelizing NRI funds as Indian assets get attractive and near the 5 trillion dollar mark. When a country crosses 5 trillion dollars, India will become a mainstream. Another advantage of setting up office in Dubai is that UHNIs can have a leg outside of India as well. This won’t be a large meaningful contributor for a few years because its just one office.
- Growth levers: geographical expansion, increasing RM, increasing products. they have a well built product platform and they wil keep adding. Asset management will also contribute in the future which is loss making currently. They have an AMC as well. Profitability growth will come from operating leverage.
- one of the most value adding as it enables financial independence
- Lock in will end on September so we can expect supply coming in.
- 20% AUM growth is visible seeing the state of country
- As your ratio of New to OLD RM comes down, degree of operating leverage keeps increasing as experiences RMs increase productivity.
the link: https://www.youtube.com/watch?v=do2XhYpxjHo&t=124s
Adani Wilmar Limited (AWL) – Essential kitchen commodities (11-07-2024)
"In a strategic move to expand its footprint in the speciality chemical industry, Adani Wilmar Limited has announced the acquisition of a 67% stake in Omkar Chemical Industries Private Limited (OCIPL), a Gujarat-based speciality chemicals company.
What Happened: The acquisition was announced on Thursday evening. Adani Wilmar has signed a share subscription and share purchase agreement with OCIPL. This move aligns with Adani Wilmar’s strategy to intensify its presence in the speciality chemical industry.
Omkar Chemicals operates a manufacturing plant in Panoli, Gujarat with an annual capacity of around 20,000 MT of surfactants and is further adding capacity for other products as well, the Adani Group company said in a press release. The entrepreneurs promoting Omkar Chemicals bring over 15 years of experience in the speciality chemicals manufacturing industry The company’s turnover for the year 2023-24 was ₹13.95 crore."
Data Patterns (India) Limited (11-07-2024)
Underwater UAVs & more: DRDO awards 7 cutting-edge defence projects to start-ups and MSMEs
The radar signal processor with active antenna array simulator will enable deployment of multiple target system for test and evaluation of multiple short-range aerial weapon system. It serves as the basic building block for larger radar systems. The project has been sanctioned to Data Pattern (India) Limited, Chennai.
Underwater UAVs & more: DRDO awards 7 cutting-edge defence projects to start-ups and MSMEs (msn.com)