Not sure, but looks like some internal family rearrangement. I could be wrong. Under public, Neera Gupta has acquired 12%.
Posts in category Value Pickr
NINtec Systems Limited: A High Potential Microcap IT Company (13-07-2024)
Company Journey from 2015 to till now is very impressive. The company management has first time given concall which is positive sign for investors.
Disc: Invested
SG Mart- Can it successfully create a marketplace? (13-07-2024)
yes thats right, if they can continue the momentum valuation is not a concern
NIBE LTD – Manufacturing of critical components in defence industry (13-07-2024)
Few points which makes the business very lucrative
-Nibe has established a new subsidiary, Nibe Space Private Limited, holding a 76% stake. This subsidiary will focus on the research and development of space and aerospace products. Its primary areas of work include propulsion systems, satellite launch vehicles, and related technologies. The scope of activities encompasses the design, manufacture, and testing of various aerospace technology products for both domestic and international applications. Additionally, it will utilize IT and its applications in these activities.
-Company has entered into a business agreement with THALES USA, For design manufacture and supply of TACAN equipment to Indian navy.
-Company has entered into an licensing agreement with DRDO.
-New production facility has been inaugurated in Pune.
-Company has recently done capacity expansion.
With my limited experience in the marine sector,I see a bright future of Nibe anyday.Additionally,The stock has given a break out on charts.Please look at the website atleast if anyone has any doubt.I see the glass half full rather than half empty
#Invested and biased.
SG Mart- Can it successfully create a marketplace? (13-07-2024)
Am not talking abt fund riasing by company at all. that in my opinion is good for the company. am talking abt promoter individually selling their shareholding: (source: screner)
SG Mart- Can it successfully create a marketplace? (13-07-2024)
APL apollo’s promoters have a history of buying companies with almost nil revenue instead of opening up new ones. Similar was done with SG finserve as well.
As far as fundraising is concerned, my estimation is theyd rather sit on funds and use them immediately at need rather than do fundraising when the need arises.
Piramal Enterprises Ltd (13-07-2024)
I am a new investor and have been following the company for about a year. At the cost of sounding optimistic, here is my take on PEL’s legacy book:
As of FY24:
- Gross legacy book: Rs. 14,572 cr
- Provisions: Rs. 2,516 cr
- Net legacy book on balance sheet ~ Rs. 12,000 cr
This implies that if the company recovers < 12K from the legacy book, it will have a negative impact on net worth and vice versa (I am not really hoping for a positive impact from this book).
In Dec 2023, due to an arbitrary RBI circular, AIF was rundown from Rs. 3,540 cr to Rs. 1,067 cr, resulting in a (hopefully) unrealistic loss of ~2500.
[Source: “impacted by net AIF provision of INR 2,473 Cr in FY24” in Q4FY24 presentation].
Gross legacy book (adjusted for AIF) = 14,572 + 2500 ~ Rs. 17,000 cr.
Between FY23 and FY24, gross legacy book value went from ~29K to ~17k, generating liquidity of 10,245 cr. This implies a recovery ratio of ~ 10k/12k ~ 83%.
Digressing slightly, I think the additional provisioning in Q4FY24 was required because, in FY23, this book had provisions of 10% (implying expected recoveries of 90%), whereas the actual recoveries in FY24, as we saw above, were 83%.
Required recovery ratio going forward for a net zero effect on net worth
= net on book / gross
= 12k / 17k
= 70%
If we assume that the AIF will be recovered in full, this ratio will be further down ~ (9.5K/14.5K) ~ 65%. But let’s not make this assumption.
Given the above, I think the legacy book should not have a material negative impact on the company’s net worth going forward. The pockets of value and the stock being available at less than the book value adds additional buffer.
I think what matters much more is the profitability and asset quality of the growth book. In my humble opinion, this is largely unknown at the moment. It is good that the company has started reporting separate profitability numbers for growth and legacy books – this will help in getting a sense of the growth book independently.
Investing Newsletters worth checking out (13-07-2024)
any new updates in this thread?
Bajaar.me : Create customized screeners (13-07-2024)
@visuarchie Sorry, but no financial data is available, only stock prices.
SG Mart- Can it successfully create a marketplace? (13-07-2024)
Found it strange for such a newly set up company, Promoter is selling shares so frequently; they have sold 1.4 cr shares over last 4 months; and have taken out much more money than what they have invested (incl warrants);
SG Logistic mgmt: buys 25 lakh shares from the Promoter on 27th june @ 440 per share but on 9th july sells 9 lakh shares @ 425 per share so much for long term investing,another weird thing is that this company was formed just two years back with a similar name as sgmart…it looks like a related party entity even though not shown as promoter grp so free to keep on selling shares without any major disclosures . source: Sg Logistic Management Private Limited – About (check shared directorship)