What does it mean, please explain, I do not understand technical analysis.
Posts in category Value Pickr
Cosmo Films – Diffentiated player in commodity business (04-10-2023)
These corrporates to views of @jitenp
@Abha I can share part of it…these are subscription based 50 page weekly reports.
Following are comments on one of the PE grade… these comments are more or less similar since many weeks and similar to other PE grades as well …like LLDPE, HDPE and others.
Following link is another good read on supply of PE.
China continues to pour money during this Overcapacity and weak demand cycle for commodity chemicals.
It is not mystery as to why they are still pumping money into petrochemical capex, They plan to move from making more basic petrochemicals for polyester fabrics and plastic packaging to manufacturing higher value products solar, EV,Wind etc.
As per my understanding from news and noises, I presume analysts predict demand and capacity rebalance in 2025.
According to me, Especially for packaging products end-use demand remains key and its relating to existing higher interest rate conditions.
I might be negatively biased, Especially for export demands.
Aster DM healthcare (04-10-2023)
Most probably some mutual fund buying…Recently HDFC launched its healthcare & pharma fund, so maybe they picked up some stake in it.
Goodluck India Ltd (04-10-2023)
you need to check the break-up of debt. long term debt is decreasing from 128cr. to 91 cr. from fy21 to fy23 . whereas short term debt is increased by 373 cr. to 507 cr. i think management intent is to reduce long term debt . because currently 50% + business is value added so they have to maintain high inventory in these segment . so working capital is always remains streched . due to this short term debt can further increase from here because they are target 75% business from value added in fy25 . Its more of a nature of business ( pix , racl and other high inventory value added business ) .
Cosmo Films – Diffentiated player in commodity business (04-10-2023)
Can you share the S&P report? or the Source link?
MCX and Financial Technologies (04-10-2023)
Even if they werent able to offer contracts from January onwards for a period of 2-3 months, even then the probability of liquidity moving to another platform is small. Main reason is that all contracts on the futures side (except energy) are compulsorily deliverable. That means that there is a vast warehouse network that underpins the digital trading. NSE or another exchange wont be able to replicate that quickly. If they cant do that, then buying compulsorily deliverable contracts becomes extremely risky (even if you have no intention of taking delivery). See what happened to oil futures contracts in USA in March 2020 when it was impossible to take delivery. Most likely, SEBI is arm twisting and will reverse their stance and allow MCX to launch new contracts in a worst case scenario.
In any case, options isnt a threat since NSE isnt even allowed to launch most contracts since they dont meet the 1000 cr minimum ADT criteria.
Disc: Invested
Cosmo Films – Diffentiated player in commodity business (04-10-2023)
@jitnep If we further connect it to olefins supply-demand outlook…According to S&P reports and insider comments, the supply of polyethylene (PE) is expected to lenghten due to many Chinese plants starting their commissioning. Initially, packaging manufacturers were predicting that the demand for polypropylene (PP) and PE would rise by the end of 2023, but the current outlook has changed.
There are noises about combined effect of inflation and Federal Reserve rates, there are concerns that the demand for the plastic packaging products in EU/US might stay slow for around 2 years.
Saregama India Ltd: India’s premier music publishing label (04-10-2023)
Management had clearly mentioned at the time of QIP and reiterated many times after that the QIP proceeds will only be used for acquisition of music content. This is a clear reversal of that stance. Yet again the absolutely terrible governance and capital allocation policies of the group on show. Its a mystery why they cant just channel the cashflows of the extremely profitable retro music catalogue into just acquiring new music.
Mahanagar Gas Ltd – a natural monopoly (04-10-2023)
Mahanagar Gas – Story slowly unfolding.
Future Prospects –
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Entered i MOU with BMC to set up to set up CBG plant in Mumbai with a capacity of 1000 tons per day.(Reducing carbon footprints – Which EV sector has not achieved)
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Entered MoU with Baidyanath LNG for setting up LNG stations in Maharashtra and outside also.
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MGL also launched a mobile application MGL-TEZ in partnership with the BEST, the
transport company in Mumbai to facilitate convenient refueling for CNG commercial vehicle. -
As far as our Raigad GA is concerned, they have connected 69,106 domestic households and 29
CNG stations are currently operating there. -
The Savroli station, which is having LNG dispensing facility also was recently commissioned.
And they have started filling LNG into the vehicles from the Savroli station. -
MSRTC currently, they are running about 120-plus CNG buses. And they are expected to roll out 450 more buses to be inducted in 8 MSRTC depots in MGL geographical areas by November or December of this year. So about 50, 60 or so will add on every month.
(So those 450 buses will definitely contribute to volume addition over the next 2 quarters) -
They have recently commissioned online CNG filling facility for the vendor Vithalwadi Depot.
And are in the process of setting up CNG infrastructure in 6 more of their depots which are at:
Panvel, Karjat, Pen, Roha, Alibaug, Uran. -
MGL has signed a Share Purchase Agreement to acquire 100 per cent stake of Unison Enviro Private Limited (UEPL).
This acquisition will enable MGL to expand to newer geographical areas in Maharashtra (Ratnagiri, Latur & Osmanabad) and Karnataka (Chitradurga & Davanagere) thereby providing new avenues for long term growth.
Disclosure – Not Invested
RACL Geartech Limited (04-10-2023)
Company is sponsoring BMW GS Trophy India qualifier 2023 as a title sponsor for the first time. First attempt of brand promotion at a premium biking event