@Ashar_Mann
I was looking at the results of Creative Newtech and looks like their quarterly sales are down by more than 25%. Do you know any reason behind this?
Posts in category Value Pickr
Mann’s Portfolio (07-06-2024)
Lt foods (daawat) (07-06-2024)
There is massive difference between domestic and international realisation
Regarding chaman lal they have advatage only in maharani brand whose market is smaller
Krbl traded growth against margins as startegy before 2017 , sacrificing growth for margins
Now they are facing pressure as lt foods is eating there market shares and also iran regulations impact there buisness so margin fluctuations but these happened only in recent years before 2016 see krbl was maintaining very very healthy margins
Regarding ltf , company doesn’t immediately hikes price when cost goes up they maintain average ( e.g read last qtr concall when Mr arora addressed red sea issue)
Buy Unlisted Shares (07-06-2024)
This is old DRHP… They will refile it soon with updated data and valuation. IPO should come by December end as I heard from management
Lt foods (daawat) (07-06-2024)
(post deleted by author)
Mayur Uniquoters ~ Market Leader in Indian Synthetic Leather Market (07-06-2024)
Why there is sudden spurt in price. Do anyone know any recent developments in the company
Dishman Carbogen Amcis Ltd (07-06-2024)
I am invested from lower levels.
History prior to 2006 is irrelevant as there was already some relationship b/w Dishman’s Europe entity and Carbogen (owing to JV). In 2003, Solutia filed for bankruptcy and Carbogen+Amics being Solutia subsidiaries were available perhaps for cents on the dollar. So Dishman Europe acquired those assets in 2006. Continued to operate those assets while carrying foreign denominated debt which continued to swell up all through 2006-2017. In 2017, Dishman India entity (holding entity) decided to reverse merge itself with its subsidiary Carbogen Amics. That led the Goodwill to swell up to almost 4000 crore and has been there ever since.
Around 2019 there were IT raids and a massive blow to corporate governance. Company tried calming the domestic institutional investors but failed to do so and thus saw exit from a lot of MF houses.
Then covid happened and costs+debt kept on swelling up. All issues combined+mismanagement of balance sheet, the market started neglecting the company to the point that the company became valuation-wise very attractive. So again saw some interest from institutions (FIIs mainly) around early 2023.
Operationally, they have problems managing employee costs, interest costs, currency fluctuations, operational capex, compliance upgrades owing to which you see one-offs every quarter; essentially any cost structure you look at is poorly managed. Some of the unstated problems can be siphoning off money (I am alleging, don’t have any proof, hearsay from fellow investors).
Coming to Promoters, there are a couple of issues. First is, succession. I think till now the Chairman held shares in his name and only recently there has been some inter-family transfer of shares with stated reason being succession. Operationally, Chairman son Arpit is the Global MD (and you know the story). So I don’t find him to carry rigour (or maybe there is lack of talent) to turnaround the above started issues around, at least effectively. Because he has held the helm for quite some time now but every quarter two things are pretty consistent ; one-offs and assurance that things are turning good.
PS. Aprit’s wedding’s video was put up on Youtube flashing big fat Indian wedding with Rolls Royce exchanging hands and I personally find it a signal of non-serious business people.
Phantom Digital Effects Limited (07-06-2024)
Was just going through their recent concall.
At one point during the concall they were guiding for 25% rev. growth.
When probed they stated they are conservatively guiding for 25%.
Later while answering to another question from, they said they will achieve around 50% rev growth for FY-25 vs FY24.
Must we safely assume just 25% guidance for FY25?
Dishman Carbogen Amcis Ltd (07-06-2024)
(post deleted by author)
Cyber Media Research & Services Ltd (07-06-2024)
What was the response to this 8cr Demand?