buyback is already in progress.
buyback price: 1800 per share
type: tender offer
quantity: 10,27,777 shares
results of postal ballot will be announced on Friday, 24th May, 2024
after announcing the successful completion of postal ballot, record date will be announced and it will usually be within 10 days after that. so, tentatively the record date should be on or before June 4, 2024.
Posts in category Value Pickr
Sharda Motors – Emission tailwinds or EV threat to exhaust systems? (24-05-2024)
Hariom Pipes Ltd: A Capex Play! (24-05-2024)
Absolutely Agree…
Just I feel they should have waited to further stabilize the operation as OCF turns positive after many Quarters as every penny saved will move to bottom-line
Not a Negative thing… I take my word just what I feel
All E Technologies, making businesses ready for AI (24-05-2024)
Since chairman clearly said they don’t go for acquisition for the sake of acquisition, we can’t certainly say it happens anytime soon. I think the stock price may consolidate unless they focus on North American markets which increase the margin or finalise any acquisition.
Disclaimer – holding alletec stock
All E Technologies, making businesses ready for AI (24-05-2024)
Its neither a product company nor totally service company. They are in between. They have higher margins from their IP and low margin on microsoft products. Their management sound professional and straight. Lot will depend on how organizations takeup upgrades.
PDS Limited – A platform for entrepreneurs (24-05-2024)
PDS is an aggregation of subsidiaries. PDS ‘the company’ has a controlling stake (usually around 75%) in all its subsidiaries. The other shareholders (usually the entrepreneurs) in these subsidiaries are non-controlling interests.
The sales and earnings you see are the cumulative sales and earnings of all the subsidiaries. Of that, the propoportional amount to its shareholding is attributed to PDS.
Minda Industries Ltd – Surging Ahead in Auto-Ancillary! (23-05-2024)
UNO MINDA PPT MAY 24.pdf (5.6 MB)
Excellent set of nos. Good promoter execution capex opp size ROCE exports. Play on premiumization in auto .
discl invested
Indian Metals & Ferro Alloys Ltd (IMFA) (23-05-2024)
Not sure why the management has decided to foray into Ethanol esp. with policy uncertainty and non-core biz.
While concall is scheduled for Fri post market hours, based on NAVA and GPIL concall, it seems that there has been a sharp uptick in ferroalloys prices with likely reason being disruption in Australia which may last for few quarters.
Number of stock for retail investor (23-05-2024)
Apologies for late reply. At the time of post, I was holding somewhere around 50 stocks in two different portfolio and now gradually reduced to 10 or max of 12 at any given time on both of my portfolio. My goal is to reduce this to max of 6 to 8 at any given time. At the moment I am leaning towards mutual fund like Midcap, Large to midcap.
Also another strategy I am following is once the specifc stock reaches 120% of the original value, I sell 45% of the portfolio to get my original value. I will leave the stock forever unless it is making major correction. Not sure whether I will continue this strategy in the future.
I am ardent follower of Buffet and I am very surprised to see number of stocks greater or equal to 3% portfolio is only 8. Since Berkshire is too big, they need to fill the bucket some how.
When Warren lectures at business schools, he says, “I could improve your ultimate financial welfare by giving you a ticket with only 20 slots in it so that you had 20 punches—representing all the investments that you got to make in a lifetime. And once you’d punched through the card, you couldn’t make any more investments at all.”
He says, “Under those rules, you’d really think carefully about what you did and you’d be forced to load up on what you’d really thought about. So you’d do so much better.”