Does Anyone knows how can we get access to IQVIA database. Is it chargeable? what’s the price?
Posts in category Value Pickr
Praveg Ltd: Play on Indian Tourism Industry! (08-11-2024)
Bookings for Lakshadweep are opening starting from December 15, fingers crossed
Ranvir’s Portfolio (08-11-2024)
Hello @ranivir,
Great to see the detailed work and coverage of so many stocks from different sectors. While the jury is still out on the right number of stocks to hold in a portfolio and we have examples of famous fund managers holding thousands of stocks, but they were also managing corpus running into billions of dollars. For investors starting on their wealth creation journey what has really worked is the concentrated betting on you top conviction ideas. For most folks it is one or two big winners that paves the way for their wealth accumulation journey.
Once we start building a bigger corpus for the point of risk mitigation, people want to spread out the bets and look for a slightly bigger portfolio, but 81 stocks looks to me like over diversification.
I would request you if you can pursue a thought experiment going back to you investment thesis in each stock, and looking at the list of stocks from each industry to pick your highest conviction bet (one or two stocks from each sector) with the maximum valuation comfort at present have that stock (or two) carry the allocation for that whole sector.
Track this new concentrated “virtual” PF return vis-a-vis your present PF, and this would be an interesting finding in about a year or more timeframe.
Samhi Hotels – Turnaround with Tailwinds (08-11-2024)
There could be a few reasons
-
Selling overhang from long term PE investors who want to exit. I don’t think ACIC (Asiya Capital) will sell immediately as the deal happened at Rs 230/share for them, so they are still under water. But there is still enough overhang from others as can be seen from the DRHP. Further selling can open up after March 2025 when more shares get unlocked for selling.
-
Samhi still has high net debt of 2000Cr and a net debt to equity ratio of 2:1. Markets like deleveraged businesses especially if they are capital intensive asset heavy businesses
-
Due to the high costs below EBITDA – interest costs and depreciation – PAT is low and the stock appears to be expensive if calculated on a PE basis. For ex, I think best case PAT in FY25 for Samhi would be INR 100 Cr (Assuming zero tax) and even at CMP, that’s a 42x PE. An asset heavy business like this should be valued at EVEBITDA or EV/CFO rather than PE but many investors do track PE.
-
On an FY25 basis, the stock is probably trading at 14-15x EVEBITDA on a forward basis. I wouldn’t say this is crazy undervaluation for a hotel business on an absolute basis. But it is significant undervaluation in comparison to peers like Chalet who are trading at 28-30x forward EVEBITDA. I think fair valuation for Samhi should settle somewhere between these 2 valuations nos. I think 30x is rich for a hotel business.
If Samhi can show a 425-450 Cr EBITDA run-rate from Q2/Q3, then I think the market will start discounting that on a run-rate basis. Any one time large deleveraging (say via QIP) event can also help re-rate the stock.
Disc: Invested and biased. Above is just speculation on my side, not any recommendation.
Nitiraj’s Portfolio (08-11-2024)
Then there is a long journey ahead. Even if we find what suits us quickly, we will have to go through phases until we reach a point of settling down.
If you have a view of how to invest, then it is easy to cut down the PF, if not, you can start the search of finding what kind of investing suits you, what kind of an investor you are, quantitatively and qualitatively. Better to start with trimming down PF, before adding more funds.
We have members from many professions in the forum, I am sure, almost all of them are in this for something more than profits. Some experience different things which are beyond numbers. And numbers do come to all of these members, everyone is very successful in their way of doing this.
Wonderla Holidays (08-11-2024)
Disc: Not invested
Perhaps for this reason?
Samhi Hotels – Turnaround with Tailwinds (08-11-2024)
Why so many phenomenal developments are not translating into the share price appreciation?
Looks like a supply overhang from an existing investor. Promoters of ACIC are yet to sell any stake.
Great articles to read on the web (08-11-2024)
Worth listening to – Stanley Druckenmiller interviewed by Nicolai Tangen of Norges Bank.
Stan Druckenmiller | Podcast | In Good Company | Norges Bank Investment Management
Navkar Corporation (08-11-2024)
The Commentary provided by JSW Infra Management on Navkar in recent Concall:
Nitiraj’s Portfolio (08-11-2024)
Hi @ChaitanyaC, Thanks for looking into my portfolio and advice.
Although I am not sure what makes you say that
For sure, I am in share markets for profits (atleast over a period of time, if not immediate). May be my stock selection is not great yet, but profit is the only reason of investing.
@Raptor4289 : Thanks for pointing out. I took the weights directly from console.zerodha.com. I checked again, it shows these three segments only (large, mid and small) and yes the total is not 100%, not sure why.
May be I will use another tool to analyse portfolio. Anyway, I have shared individual stocks and their percentage in the following comment, please have a look at that, if an excel version helps better, may be I can dm that.
you are overexposed to Materials. Most of these companies are cyclical in nature.
Will cut down that. +1
increasing exposure to Banks to 15%
Make sense.
Automobile
Yes thats missing. Will look into that.
You have way too many growth stocks as well.
Sure, will try to look from that angle as well.
Are there tools that gives such insights into portfolio?