Must be due to lack of expertise. Yes
Plus, they would ve got a descent deal from Kamat Hotels as they were running it previously and would be more confident of making money on that property despite paying higher rent / lease amounts
Posts in category Value Pickr
Ranvir’s Portfolio (08-03-2024)
I guess you mistaken my question.I was asking that why acquirer of that Hotel gave back that Hotel again to Kamat on lease?
Ranvir’s Portfolio (08-03-2024)
The company had a lot of trouble in the past due over leveraged balance sheet. They borrowed aggressively for growth in early 2010s. At the same time, the Hotel Industry witnessed a prolonged slowdown. It was a perfect storm for them. They have managed to wriggle out of trouble only recently
Presently, their Debt levels are down to 350 odd cr from a peak of 700 cr or so in 2012 or 2013
This sale of the hotel asset is a further step towards de-leveraging
Gensol Engineering – A play on Energy Transition (Solar Energy & EV) (08-03-2024)
Thanks, got it. Really helpful
Ranvir’s Portfolio (08-03-2024)
What a smart move by the management.At one side they reduce the debt and on other side they don’t lose the hotel and their expertise to run that hotel will become Win-Win for both the party.My only ques is why a new company first buy the hotel and then give back to the same owner back on lease,is the owing group is too large that have so much money but lack expertise in that field or what is the case.?And which group bought that hotel any idea?
At last thank you so much .
Long term bonds (08-03-2024)
If markets plunge, you would realize an instant price appreciation in bonds. Bonds react positively to a market crash. The longer your duration, the larger the gain.
A market crash usually is also accompanied by an economic downturn and a drop in inflation which helps in propping bond prices as yields adjust to the possibility of a lower inflation regime. Secondly, bonds being a safe haven asset, a market crash drives capital to safer avenues again propping bonds.
So to answer your question, “yes” if market crashes you can just redeem your bond funds without a loss (infact a gain) and move to equities.
AGI Greenpac- on the cusp of growth? (08-03-2024)
How Athletic Brewing Co. Became The King Of Non-Alcoholic Beers
Non Alcoholic beer and wines in Glass bottles. Great market – should add more to the kitty. Underserved i must say.
Also, non alcoholic beers and wines have de stigmatised a lot of things.
ValuePickr Ahmedabad (08-03-2024)
Can you add my number to valuepickr ahemdabad group
IZMO- bet on new technologies in Auto retail & defence (08-03-2024)
No I meant that frog data services will be beneficial for dealer as it revenue generative for him so it will be an investment and not an ordinary sales and marketing expenditure and USA has a massive second hand car retail market and frog data services of IZMO equips him with real time data analytics that gives a dealer an edge.
Voldemort’s Portfolio (08-03-2024)
Updates Mar 23:
Exits:
Geekay – Stock was weak for sometime, Sold before the recent fall to free some funds
Polymatech – All credits to @RohitNarayanam. This company has a very rosy story painted everywhere and i was happy with it too. But there is a semiconductor projection everywhere in the company except in actual production. It might be a 10X share from here, But my jitters were bad and hence exiting.
10% of my PF hence is getting cashified and is getting into LLabs as it dips.
P.s: Selling unlisted shares is a headache.
Regards
Voldemort