Smifs have initiated coverage with TP of 658. I feel their FY24 and FY25 estimates are way too conservative on the ARPOB front. The target will likely be revised post Q4 since they’re baking nearly flat QoQ profit growth for Q4 when the concall remarked materially higher occupancy
Posts in category Value Pickr
Wonderla Holidays (27-02-2024)
Wonderla Holidays Ltd
Daily chart
The stock is testing the resistance between 950-1000 zone, main highlights
- ARPU for the quarter at INR1,256, 6% increase YoY
- Non-ticket revenue contribution increased to 35% for the quarter
- Expansion plans on track with parks in Orissa and Chennai
- Signed MoU with Gujarat government for tourist destination
- Plans to open Bhubaneswar Park in latter half of May
- Chennai Park expected to open in second or third quarter of FY ’26
Near term triggers ( ~ 1 year)
- Expectation of 5% footfall growth in existing parks and 5-6 lakhs footfall for Bhubaneswar Park in FY ’25 – around 69 Cr revenue
- Plans to double revenues from resorts in Bangalore
The stock has been trading at an EVEBITDA of 20 which seems fair to me but above the 5 year median of 12.3
RISKS
This year we are expected to have shortage of Kaveri water and this might lead to protest around the Mysore highway ( happened previously link)
Hitesh portfolio (27-02-2024)
V helpful Sir. I was getting confused if there are any specific candle pattern signifying the climax top.
The harsh portfolio! (27-02-2024)
Hi Harsh,
Hope you may be able to attain it, will be helpful if you share your thoughts. Thanks
Byju’s investors want Byju Raveendran out. But Byju’s investors also committed to investing $200m in Byju’s new rights issue. What explains this? (27-02-2024)
We already have a thread on Byju’s. Move your content there.
Ami Organics – Pharma Intermediates & Specialty Chemicals (27-02-2024)
Just sharing a recent blog on Ami organics.
Recently Samit Vartak of Sageone has invested in it.
Ashish Kacholia, Samit Vartak, Ravi Dharamshi, Saurabh Mukherjea, Malabar Fund etc are bullish about Ami Organics. Stock has underperformed but Experts recommend buy – Ashish Kacholia, Samit Vartak, Ravi Dharamshi, Saurabh Mukherjea, Malabar Fund etc are bullish about Ami Organics. Stock has underperformed but Experts recommend buy
Hope you find it useful.
Jubilant Industries Ltd (27-02-2024)
The company has merged some promoter companies
Since then stock has moved from 600 to 1300 levels continuously being on ckt breaker
Can someone decipher the developments
52 week highs and all time highs strategy (27-02-2024)
DISH TV – Weekly Chart – trading close to 52 W High
Classic VCP Formation over last 4 years period. Beautiful tightening going on right now.
Dish TV B/S. Looks like a lot of clean up has been done. Debt Free now.
Something is brewing according to charts and I feel its worth digging deeper.
Disc: no position and just came across it while turning the rocks
Rudra’s PF and Information attic (27-02-2024)
Excellent article on the divergence of bull markets and ongoing rally in the US and India
The US is a historic anomaly. It’s all about one big sector — tech — and within that sector, the Magnificent Seven. In the last year, the Magnificent Seven are up 80%, and account for more than half of all US stock market gains. Meanwhile, the median stock, out of the 4,700 traded in the US, is down. It’s a tale of unusually concentrated returns, further inflamed by the mania for artificial intelligence, which is seen as a boon mainly for the biggest companies.
India’s bull market is, by contrast, a broad-based classic. Gains are much more evenly distributed across sectors, and no sector accounted for even a quarter of total returns over the past year. While large cap stocks are gaining in the country, medium and small caps have gained even more; the median stock is up more than 40 per cent.
Foreign portfolio investors now own less than 40 per cent of the stocks that are available for public trading, down from 60 per cent a decade ago.
Over the past two decades, the number of publicly listed companies in India multiplied by a factor of nearly five to 2,800, even as it was falling by a quarter to 4,700 in the US, where oligopolies began to exert a stronger grip on most industries, not just tech.
Remarkably, 180 companies in India have tripled in value this decade and now have a market capitalisation of $1bn or more. That is more than in any other country, including the US.
Most bull markets see excesses build up over time; in India, they are visible in subsets of the growing retail investor class. In 2023, Indians purchased more than 85bn options, or nearly eight times the volume in the US, and on average held those contracts for less than half an hour. Amid the frenzy, regulators ordered trading platforms to open with a warning that 90 per cent of retail investors are losing money on these trades.
Samhi Hotels – Turnaround with Tailwinds (27-02-2024)
I have not studied company’s depreciation accounting policy so wont be able to comment on that.
But if you observe their annual depreciation charge is around 100 crores and maintenance cost is around 40-50 crores so looks okay from that point of view.