Posts in category Value Pickr
IIFL Finance (erstwhile IIFL Holdings) ~ Retail focused diversified NBFC (14-03-2024)
As expected rating agencies have put their NCDs on
Watch Negative.
Meanwhile board has okayed Fund raising for an amount not exceeding Rs. 1,500 Crores (Rupees Fifteen Hundred
Crores Only) by way of issue of Equity Shares of the Company (“Equity Shares”), on a
right basis (“Right Issue”) to its existing eligible shareholders.
Raising of funds through Issue of Non-convertible debentures on a private placement
basis upto Rs. 500 Crores (Rupees Five Hundred Crores)
Is Buy and Forget a Myth? (14-03-2024)
Yes I have read the book. Here is another view.
Problem with researching beyond discovered names is the quality of disclosures and corporate governance. You are relying on the information provided by the company. During bull market every company will have good orders, strong balance sheet, appealing narrative etc. And it all sounds very convincing.
But no amount of research will protect us against dishonest promoters. Rising tide lifts all the boats and when the tide reverses, lots of companies and their investors are found swimming without clothes. Just do a research and find out how many of so called undiscovered trades have made wealth for their investors in the long run. Yes, one could always find a Titan or Tata Motors in the heap of rubbish, but that requires a certain kind of courage and luck that not everyone will have.
Star investors like Kedia have kind of access and inside information that we’ll never have. They are sought after by promoters, of the small companies, who are willing to do deals with them to just get them to enter the stocks and move prices. So contrary to what we think, star investors don’t spend time researching companies; they do deals.
Plus we will never be able to buy the stock at the price star investors (by the time news is out, stock would have run 2-3x) and exit the stock at the price they do.
To quote another genius, Charlie Munger, it’s always better to buy wonderful businesses (strong franchises) at fair prices than buying fair businesses (so called undiscovered trades) at wonderful prices. HDFC, TCS, Infy etc have been in the mutual fund’s kitty for last 20 years and yet they have compounded wealth for their investors over the years. Big and smart money will always go into quality stocks.
Just a perspective. Eventually everyone is right or wrong in the stock market depending on what year and month we are in.
Shilchar Technologies – Power & Distribution Transformers – Sunrise Sector? (14-03-2024)
afaik they are more into distribution transformers, generally power transformers are 220kv and above.
BCL Industries – Ethanol Pick (Capacity 3.5x in Next 2 Yrs) (14-03-2024)
Where did you get such a detail data? I was looking on screener could not get the names of these SH. Appreciate if you can share the source.
CFF Fluid Control Limited – SME (14-03-2024)
Decent order received today by CFF.
Shaily Engineering Plastic (14-03-2024)
@aadhar.aggarwal @harshitgoel What are your views on the same?
Shaily Engineering Plastic (14-03-2024)
I am not sure if my understanding is correct. But there are a lot of stories spoken on the pharma opportunity but nothing really is showing up on the numbers.
1.Got some scattered segmental numbers – FY23 from crisil report, FY15 – company disclosure. Pharma is flat
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If pharma is really positively influencing, realisation per polymer processed should improve right, how does one view this?
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How do you look at the addressable market of the three drugs that they keep speaking about – Semaglutide, Terixxx, Liraglutide? So, $XXXBn of opportunity would be how many pens. Lastly, Their addressable market would be much small right, because they are working only with Sanofi, What about Novo and Lilly?
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Looking at other players in the drug delivery market – they are growing pretty well it seems, where is Shaily lacking?
