Results will be declared on 9th Nov it seems.
https://m.bseindia.com/MAnnDet.aspx?newsid=7fa0c270-a123-43cd-937f-9aa7357f8eb9&Form=STR&scrpcd=543957
Posts in category Value Pickr
Red Tape Ltd. – The next fashion giant? (02-11-2023)
Embassy REIT: Is this “Blackstone” promoted REIT is real diamond? (02-11-2023)
Thanks for the summary. I have one question here, They upped their FY24 gross leasing guidance to 6.5 msf from 6.0 msf last quarter. This was on the back of an early renewal of 0.6 msf which essentially would have happened next FY anyway. Adjusted for this, their leasing guidance is actually down 100 k sqft compared to last quarter. Any particular reason for this?
Sugar Cycles: 7-8 years of losses followed by 2-3 years of super gains! (02-11-2023)
As per our GOV guidelines the ethanol blending in fuel % will increase steadily. As more and more Sugar cos start making ethanol for this purpose, how will that effect the cyclic nature of the sugar industry?
Petronet LNG Limited – Green India with Clean Fuel (02-11-2023)
Yes, if Petronet is dependent on Qatar for supplies, then it is going to be restricted a lot by the GOI; all commercial contracts wth Qatar are being reviewed across all Gov sectors. See aviation, Qatar airlines taxes issues with the Itax dept.
RACL Geartech Limited (02-11-2023)
https://twitter.com/GsinghGursharan/status/1719841312093176304
https://x.com/GsinghGursharan/status/1719841312093176304?s=20
RACL has 44 Mazak machines, the highest number of a single brand machines . First machine is 15 years old and still functional with 100% good performance.
V-guard – The passion of our early years and our quest for excellence (02-11-2023)
VGuard Q2FY24 Concall Summary
Sugar Cycles: 7-8 years of losses followed by 2-3 years of super gains! (02-11-2023)
Central and State Govts are two important actors in this business. How will they react in election year if yield (farmer earning) goes down? Which of these or all will happen?
- Increase price for farmers!
- Direct less towards ethanol
- Allow domestic sugar price to go up (consumers=voters)!
Sadhana nitro :a Dog or a Horse? (02-11-2023)
Anybody calculated increased capacity of ODB2 and PAP will result in how much revenue increase. I do find prices and how much they may be selling approx?
Embassy REIT: Is this “Blackstone” promoted REIT is real diamond? (02-11-2023)
I attended earning call for Embassy REIT Q2FY24. After long time, management sound positive about prospect. They also increased leasing guideance for FY24.
Key positive factors:
Higher operating leverage from hotel business
Increased under construction area coming for completion during FY24 and FY24, signficant portion being pre leased and hence contibuting to cashflow of the company
Expected MTM gain realisation on renewal
Expeced policy decision on SEZ, which would result in higher occupancy for the trust in medium term.
Most important, GCC now being main class of tenants, with nearly 70% of leasing in Q2FY being to GCC clients.
Negatives:
Interest rate increase
Selling by sponsors
While there was no increase in guieance for FY24 distribution, I found management being confident to increase distribution in FY25 onwards. Based on my understnading, I have sold nearly 1/3 of my investment in IndiaGrid and invested in Embassy REIT in last 7 days.
Disclosure: I am not suggesting any investment action. I am not SEBI registered advisor. I have very great track record of being wrong, I was very optimistic about investment during April 2021 period. Embassy price decline from Rs 340 to Rs 300 since then. My view may be positively biased. I may change my investment (increase/decrease/exit) from Embassy REIT without informing members.