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Posts in category Value Pickr
Senco Gold: Upcoming gold story! (29-10-2024)
What’s the reason for today’s sharp correction?
E2E Networks Ltd – Listed small Cloud computing player (29-10-2024)
this gives some comfort… but i didnt understand one thing – e2e has better numbers on all 6 metrics than google, yet google overall rating is higher. why?
IDFC First Bank Limited (29-10-2024)
I feel its both – they do attract troubles and yes, they are too much transparent as well. MEP toll tax waver was declared in October month, so ideally they should not have done anything about it in results of September quarter, but transparency 
On MFI side, they are recognizing and provisioning for 30d (SMA1) which is not what others in this industry do (I maybe wrong, but let me know if anyone else does that). So deadly combo for short term investors.
Yesterday’s recovery was more technical I feel – too many shorts built on Friday in expectation of IndusInd type scenario, and that short covering happened. We’ll see the true effect of this result in coming days – whether Mr. Market is convinced with VV’s justification or not.
Time technoplast (29-10-2024)
It is a very smart move by company.
they have debt equity ratio of 0.3x and am sure can raise debt easily for expansion.
Who would not raise equity at such high valuation. Would any promoter dilute equity if debt is available for expansion? The only reason for doing this is high valuation – debt can always be raised later when valuations cool off.
similar companies with low debt equity but going for equity raise – Waaree, KPI Green, etc
Indigrid InvIT: High yield on stable and predictable revenues (29-10-2024)
Indigrid had a fabulous Qtr and DPU is same as Q1 2025
” Q2 FY25 distribution of INR 3.75 per unit comprising INR 3.61763 per unit in the form of Interest, INR0.11357 per unit in the form of Dividend and INR 0.01880 in the form of Other Income.
The record date for this distribution will be October 30, 2024, and payment will be made on or before November 09, 2024″
Slide 16 below, will give you what you can foresee in terms of DPU
I am most excited about the NTPC BESS project, where Indigrid is the lowest bidder
Investor presentation
https://www.bseindia.com/xml-data/corpfiling/AttachHis/47e34611-8314-464a-afce-11123cb0d413.pdf
Valuation report
https://www.bseindia.com/xml-data/corpfiling/AttachHis/e00bb6d6-74df-48c1-b21d-154683d494ec.pdf
IRB INVIT TRUST- new game in the town! (29-10-2024)
It is that time of the year and the the DPU is the same old 2. I wish that the management gets serious about project addition and DPU increase but during my attempts to reach them, they were coming with the same old trite phrases’
“Declared 2nd Distribution of Rs. 2 /- per Unit, for the financial year 2024-25. The distribution will
be paid as Rs. 1.20 /- per Unit as Interest, Re. 0.57 /- per unit as return of capital subject to
applicable taxes, if any and Re. 0.23 /- per unit as exempt dividend.
Please note that October 31, 2024, has been fixed as the Record Date”
Expenses seems to have dented Total comprehensive income
https://www.bseindia.com/xml-data/corpfiling/AttachLive/11d48142-0a88-4434-a286-c34de82a9852.pdf
Here is the latest valuation report (for what it is worth !!)
https://www.bseindia.com/xml-data/corpfiling/AttachLive/b993c356-3f97-489c-bcaa-681ddb82fa80.pdf
Disc…invested and cringing
Gujarat Themis Biosyn Ltd – Bulk Drugs growth momentum (29-10-2024)
I exited the stock now. Valuations are at its peak. 20x PS without any direction or concall whatsoever by the management isn’t giving any confidence to hold it longer. Made good gains nonetheless and diverted the money into some better priced opportunity.
Just Dial: First Mover of Indian Local Search Market (29-10-2024)
The market values growth more. Yes, JD doesn’t have significant competition except for Google (the government will always favour Indian companies). But it’s already a market leader and may have reached its peak penetration (like Colgate / Gillette).
So, it will grow in sync with GDP only.
The market is waiting for the trigger: when JD announces the plan to use this free cash flow. If it’s favourable, the market may re-rate it significantly up.
However, management has only said it will distribute the cash, but there has been NO ACTUAL ACTION.
Let’s see how this unfolds.
Not invested.
dr.vikas