Hi, as of now this preference is not saved, will look at incorporating it!
Posts in category Value Pickr
Manappuram Finance (29-11-2023)
you can access from here, the company has updated their website thats why the links are not working
TCS opportunity (29-11-2023)
If I see from other way, in dividend 30 percent of what company pays goes in taxes (assuming 30 percent tax rate for majority of shares) while in buyback only 20 percent of it goes to taxes.
Can Someone Please Guide Newbie’s Like Me (29-11-2023)
The balance sheets of all companies I`ve seen always shows TOTAL ASSETS AND TOTAL LIABLITIES as same can any one please put some light on it , as Im new to this trading platform
TCS opportunity (29-11-2023)
Not really. Ideally a company should do buyback when share price is depressed but real life is not so simple😅.
Share price depressed → company should do buyback
Company doing buyback → can have n reasons, primary reason being company has excess cash which is used to reward shareholders, company believes buyback to be better than dividend.
Infact I find TCS to be in overvalued category, flattish revenue since 1 year, industry headwinds and a technology which improves productivity and creates a level playing field for smaller players. A really high pe of 28. Opinions of other would differ.
Also, I want to ask others, I have read many times that buyback is better from tax pov, but I disagree on it. Say a investor bought shares at 3500 and sold at 4100 in buyback. The company tcs would need to pay tax of 20 percent on 4100 (-face value which is negligible anyways) which is 820 rupees!! 820 tax on a gain of 600. Is my understanding incorrect here?
Investment Learning (29-11-2023)
You can ask here.
Rain Industries – An oversold de-leveraging play (29-11-2023)
no idea about that… but so far this is usual matter, not sure if additional quantity decision will be taken up separately
Investment Learning (29-11-2023)
The balance sheets of all companies I`ve seen always shows TOTAL ASSETS AND TOTAL LIABLITIES as same can any one please put some light on it , as Im new to this trading platform
Manappuram Finance (29-11-2023)
Concall Notes – Nov 2023
Financial Results:
- Q2 FY24 net profit of INR 561 crores, up 37% YoY
Gold Loan Business:
- Gold loan AUM increased by 8.4% YoY and 1% sequentially
- Maintaining price discipline in gold loans at around 22%+
- Expecting growth of 8% YoY in gold loans
- Auction surplus has come down to around INR 30 crores
- No significant delinquencies in gold loan business
- No stress observed in gold loan portfolio
- Gold loan yields expected to stabilize around current levels (22-22.5%)
Other Loan Businesses:
- Standalone AUM grew by 20.2% YoY, consolidated AUM increased by 27% YoY
- Microfinance subsidiary, Asirvad, recorded a profit of INR 118 crores, up 109% YoY
- Vehicle finance business saw a 66.7% YoY increase in AUM
- Home loan business reported a 41% YoY growth in AUM
- Non-gold verticals now account for 47% of total AUM
- Asirvad Microfinance filed DRHP for fundraising, growth to be supported by current profits
Dividends and Payouts:
- Dividends increased and payouts raised to INR 0.85 during the quarter
Funding and Liquidity:
- Resolved issues related to funding and liquidity
- Expecting cost of funds to remain reasonable
Future Outlook:
- Expecting similar growth in Q3 due to festive and marriage season
Other Financial Highlights:
- Net gain on fair value changes and net gain on de-recognition of financial instruments reported in consolidated financial results
- Fee income from selling household products to MFI customers