They could have done this before the visit, Safir Anand correctly pointed out managment yesterday on Twitter.
Posts in category Value Pickr
Amit Singh Learning page (30-10-2023)
Senco Gold Q2 FY24 update
lPO Funds Utilisation: The funds raised from IPO from primary portion (Net of IPO expenses) provided a boost to the working Capital of the company and support its future growth plans. We have used the funds for working capital purposes as stated in prospectus and would be submitting the requisite disclosures as per listing requirements soon.
Total Stores in India at 145. In Q2 FY24 one FOCO was converted to COCO in Jajpur district Odisha.
| Zone | Own | Franchisee | TotaI |
|---|---|---|---|
| East | 12 | 13 | 25 |
| West Bengal incl Kolkata | 14 | 48 | 62 |
| Kolkata | 23 | 0 | 23 |
| North | 20 | 1 | 21 |
| Cenkal (including MPCG) | 4 | 0 | 4 |
| West | 6 | 0 | 6 |
| South | 4 | 0 | 4 |
| Total | 83 | 62 | 145 |
- Consistent growth of 19% Revenue CAGR from FY20 onwards.
- Highest ever Q2 revenue with ~2% of gold coin sales.
- Q2 Sales growth of 26% YoY and 28% YoY in H1 was satisfactory in spite no festive season.
- Q2 SSSG (Same Store Sales Growth) was range bound it was 21% in Q1 but is ~17% in Q2.
- Gold Price in Q2 moved southwards about ~3% lower due to muted demand globally and in India. This helped in volume growth
- First virtual showroom ‘Sencoverse’ launched on the metaverse. ‘MySenco’ App download crossed 2.8 lakh users.
Praveg Ltd: Play on Indian Tourism Industry! (30-10-2023)
The promoters will magically increase their shareholding from 55.01% to 65.13% from this merger and all investors will be happy to see promoter buying shares😃.
They say it is not related party transaction, I have found only one connection between them.
“Praveg Adalaj Tourism Infrastructure Private Limited’s Corporate Identification Number is (CIN) U45202GJ2022PTC133994 and its registration number is 133994.Its Email address is cs@praveg.com and its registered address is 214, Athena Avenue Near Eulogia Hotel, Gota, Daskroi Ahmedabad Ahmedabad GJ 382481 IN.”
Edelweiss Financial Services (30-10-2023)
Pabrai Funds are not there in Nuvama Sep Shareholding… Perhaps that’s why stock came down to 2200 immediately after listing, may be he has divested his complete stock holding in Nuvama.
I have done quite opposite, have exited from edelweiss and added in Nuvama after its listing expecting faster returns…
Kotyark Industries – Only Listed pure Biodiesel Player (30-10-2023)
Press release from Kotyark Industries – https://nsearchives.nseindia.com/corporate/KOTYARK_30102023215129_Reg_30_Press_Release.pdf
Reason for less revenue realization.
Comment from CEO – “This sales momentum was despite certain external challenges. We experienced a delay in the receipt of Purchase Orders against our
allocation sheets from certain Oil Marketing Companies (OMCs), which has affected our top-line performance in H1. These delays began in
Q1 and have spilled into Q2 as well as Q3. We want to reassure that the allocation from recent tenders will be recorded in coming time, and
this is a temporary challenge that we are actively addressing.”
Rainbow Children’s Medicare – Niche player in Hospital Industry (30-10-2023)
Results are very bad. Q2 and Q3 are the best quarters. Chance of multiple de-rating
Marico Limited (NSE: MARICO) (30-10-2023)
In today’s investor call, no one raised question about this lawsuit to management. On the contrary management presented Beardo as a success story and confirmed that Beardo is close to Rs. 150 crore mark in sales and is already profitable. Management sounded very confident on their D2C play. Is there anything we are missing here?
Caplin Point Laboratories (30-10-2023)
Mr. Viswanathan Subramanyan, Vice
President, Information Technology, a
SMP of the company, has resigned due
to personal reasons.