Ami Organics – the intermediates juggernaut? – Uncommon Opportunities (home.blog)
Posts in category Value Pickr
Oil India- has its time come? (04-04-2024)
Would like to see their reserves replacement metric. In any oilfield it’s easier to increase production by drilling more wells or doing lots of workover. Although that might give a short term boost to production performance, it’s not a long term answer to natural production decline which is natural for every reservoir. A company needs to continuously build its reserves through exploration or M&A or both.
ONGC by the way, a couple of decades ago, adopted similar strategy of drilling lots of wells (under pressure from government to increase production) in Bombay High field and that did a grave damage to the reservoirs impacting long term recovery.
Tata Investment Corporation: Unusual discount to NAV (04-04-2024)
I was checking MF returns of tier-1 AMCs and all of them are delivering 18-20% CAGR (for large caps). Treasury works just like your typical fund house. So yes I’m reasonably sure average returns on cash and equivalents should be in that range.
RACL Geartech Limited (04-04-2024)
Extract from Motilal Oswal investors conference:
https://twitter.com/piyushsah01/status/1772498959052788199
Promising Micro Cap and Small Cap Companies- Axita Cotton Ltd (04-04-2024)
HI Avinash,
I looked this up and the margins are so thin. Are they competing just on pricing? Or is it just the nature of the product category? Further, ~ % NPM > = %OPM, so I am reading it as that the “Other Income” seems to be funding taxes, do we know what is the source of other income?
Sterling & Wilson Solar Ltd. – Will the Sun Keep Shining? (04-04-2024)
Hold tight after 15 days you will not get at this price
Ganesh Benzoplast – Cash rich chemical storage/tank king (04-04-2024)
Public notice issued by GBL in today’s news paper (Economic Times). It seems that its fraud done on the company than fraud in the company.
HDFC Bank- we understand your world (04-04-2024)
I guess we have to wait for the NIMS to see the profitability part
Godawari Power – Any Trackers? (04-04-2024)
Manas…your tracking of the sector and businesses is commendable…It does reflect in your confidence.
I dont know nitty gritty or detailed process of rights issue. but i am sure they would have announced it and didnt just take whole of rights issue for themselves without announcing it…this could be, to my knowledge governance issue at Sandur/they are not minority shareholders friendly? i mean how many of listed companies are minority shareholders friendly? how VP admins come into picture ?
Probably in my opinion, your direct and frank communication style might come off as an opinionated communication which necessarily may not be representing your true intentions…and hence this style is getting your post deleted ?
Pls pardon my writing skills, all i am trying to say is your knowledge, detail studies are indeed helpful .lets try posting something like ” Sandur cornered 1.2% extra share to their advantage and GPIL is better placed in terms of valuation”…and lets see if it still gets booted ?
Godawari Power – Any Trackers? (04-04-2024)
they (promoter) of course applied to rights- otherwise their shareholding would have reduced by huge margin.
rights issue was nominal at Rs. 10 or something, when share price was in thousands.
Post rights issue-
the shareholding of promoters increased from 73.23% to 74.37%
1.2% were free of cost shares– snatched from sleeping/inactive retail shareholders– who didn’t apply to rights shares.
they got these shares for FREE. as rights issue was at Rs. 10 only, while actual share was at Rs. 2000 or something near it.
The sleeping shareholders- who didn’t apply for rights issue- saw huge wealth erosion.
It is understandable not 100% of retail shareholders are active in markets.
Many are senior citizens and check their portfolio once in a year.
The purpose of rights issue was only to snatch their shareholding- and increase promoter shareholding.
Please check price of rights issue, price of sandur stock (before split/bonus), amount raised from rights issue.
