Why is it a big red flag?
As I understand, any company would want their share price to be as high as possible. Further individual investors can promote a company for their personal gains.
Posts in category Value Pickr
Lancer Containers (28-01-2024)
Another JV was between Lancia Shipping (wholly owned subsidiary of Lancer) & Lotus Shipping Services LLC. New company ” SJ GLOBAL SHIPPING SERVICES LLC ” will cater to the vessel operations.
Lancia will own 51% & Lotus will own 49%.
Now I am wondering can Lancer & Lotus be related?
Is the resemblance uncanny?
Further,
^ This is Lotus Shipping Services. And Zohra Chataiwala is Daughter of director.
Question: Did Lancer buy the vessel but the profit shall be split between Lancia (51%) & Lotus (49%)?
Lancer Containers (28-01-2024)
I am mostly sure that I have seen ads of lancer container on youtube telling how this stock is a good stock.
Also the no of shareholders has increased drastically near its bonus issue.
It is a big big red flag.
Steel Strips Wheels Limited – Attractive Valuations (28-01-2024)
The management spent ~ 130 crores on acquisition of AMW which is mainly into steel wheel manufacturing. I am assuming the operating margins of steel wheels is around ~ 5% looking at the competitor Wheels India’s margins (which is mainly into steel wheels). Wonder why management would invest in low margin business? This is also contradicting with the management’s statements from July concall –
Blockquote
This happened mainly because we gave up a couple of businesses of Maruti which were at a very, very low value addition. So, we didn’t want to focus on a business that was giving us 4% to 5% EBITDA. And I understand our competition did take that business, but as you can all see, reading from his balance sheet that he is also losing money in all his passengercar steel wheel business. It’s something on which we have taken a conscious call to not take any low EBITDA of margin business.
Lancer Containers (28-01-2024)
In continuation with our announcement dated July 13, 2023 & 26th September 2023, Pursuant to Regulation 30
of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, this is to inform you that Lancia Shipping LLC (Dubai Based out), the 100% Wholly owned
Foreign subsidiary of Lancer Container Lines Limited has entered into a Joint Venture & formed a subsidiary
company named ARGO ANCHOR SHIPPING SERVICE L.L.C which would be catering into Freight
forwarding & Liner operations business.
Isn’t a JV between two entities? In this company announcement the other company’s name isn’t mentioned. Just Lancer & the newly formed JV “Argo anchor shipping service llc”
Further in the notice the ownership details of the JV reads
300000 UAE Dhirams –Lancia Shipping LLC holds- 51% equity holding & Mr. Fauzan Chataiwala holds – 49% equity holding
Fauzan Chataiwala is “son of director” as per RPT in AR’23. Mr Fauzan Chataiwala’s LinkedIn profile says he is “Director at Lancer”. AR’23 doesn’t list him as a director.
Red flag?
Buying the pessimism: Trying to catch the bottom (28-01-2024)
Well, I don’t know much about charts and technicals, but my thesis is (1) p/b bottoming out to all-time-lows, and at the same time (2) p/e instead being at a significant premium to the historical p/e, together indicate a bottoming-out of the price. To me: (2) above is indicative of “hope” of good things to come. Additionally, I rationalized all this in light of the narrative I shared earlier (all bad news baked in).
IPO Review – Discussion until listing (28-01-2024)
don’t know where you are getting the data from
Allocation is based on lottery and not on ticket size; most people get the minimum lot if oversubbed
they go by PAN card, so multiple accounts dont matter
Jkil — jkumar infraprojects (28-01-2024)
Contigent liability of 2496cr, can anyone tell the reason?Still why big investors are attracted to this stock?
Steel Strips Wheels Limited – Attractive Valuations (28-01-2024)
also to add on in above highlights
1- capex for the next year to be around 180cr, which will be funded by internal accruals only.
2- additional capacity of 1.8million alloy wheels to commercialised in Q2 FY25.
3-revenue guidance for FY25- close to 5000 cr.
i think management are conservative regarding next year outlook.
Buying the pessimism: Trying to catch the bottom (28-01-2024)
Technically speaking, there is an RSI divergence on the charts.