Invested in Bharat Electronics (@44) and Bharat Dynamics (@305) – future look brighter than ealier will add more on any correction – views are biased
Posts in category Value Pickr
City Union Bank (CUB) ~ Conservative Lending Franchise (25-08-2023)
Wonderful data …Expenses which are controllable are stable ( good sign)…being conservative is basic requirement for a bank and CUB is steadfast on the same…restructuring record during lehman is comforting…past is a great indicator for the future performance especially in case of banks…anyways they are gradually making an attempt to get into other areas like retail etc that too in a conservative way ( max 15% loan book in 5 years)…fee income avenues shall rise plus casa also may raise as the suite of retail products increase…using tech to reduce TAT is also great as it improves the processing capacity efficiency…Risks being new CEO selection , track record says that CUB is always good at recruiting CEOs from internal candidates ( very less CEOs in its entire history)…so if the CEO is from outside then it shall be untested waters…
Auro Laboratories Limited (25-08-2023)
Looking interesting Auro Labs from here as a 50Cr market cap company announced a capacity expansion of 40 Cr
Anyone can comment or give some insight on this. I am attaching screenshot for capex announcement
Zoom webinar on stage investing (25-08-2023)
Hi. Kindly add me for the webinar. thanks
Marico Limited (NSE: MARICO) (25-08-2023)
Marico
Marico – In D2C troubles
Marico’s volume growth in core products (Parachute, Saffola) has stagnated. They took price cut in Q1 with realization down 7%.
They were banking on D2C acquisitions like Beardo to bring growth. Instead they are now fighting court battles and siphoning of funds.
In a lawsuit filed in the Bombay High Court, Beardo has sued its biggest distributor RHV Enterprise and its directors over unpaid dues of 26 crore which has been siphoned off. It seems that it is Beardo that has played Marico. The Beardo e-commerce growth story was never real. Beardo passed inventory to its distributor and showed glossy e-commerce sales.
Shows D2C may be a hyped plot for now.
Abhishek Murarka
IDFC First Bank Limited (25-08-2023)
Page 312 of AR.
Page 210 of AR.
Fees paid for purchase of the PSLCs is recorded as ‘Other Expenditure’ and fees received for the sale of PSLCs is recorded as ‘Miscellaneous Income’ in Profit and Loss Account. These are amortised on straight line basis over the tenor of the certificate.
Optiemus Infracom – How much business Blackberry is going to bring for it? (25-08-2023)
Typically contract manufacturers globally don’t trade above 0.5 P/S . Wistron trades at 0.38.
Indiabulls Housing – A compounder from here? (25-08-2023)
The risk is the difference between both model.
Colending is shared risk and fldg is the full form suggests. This safe guards Banks NNPA.
Fldg is often referred as off the balance sheet!!
Ibull housing is entering retail directly is a beautiful sign, better matrix, much better risk management, we have what 10 Cr Tax payers now +++ annual growth till 2027.
Why would they repay so much debt and Raise Fresh money which is relative less (not to forget less COF)
It’s like the American dream becoming India Dream now !!
HealthCare Global – the value unlocking story (25-08-2023)
When employees are converting their ESOPs to equity doesn’t it mean that they want to cash out on the options more than anything else? If so, it means we will witness a lot of selling from the employees in the near term, reasons for selling can be many apart from the fact them thinking that the stock is ripe?
Yash Pakka – (Previously Yash Paper) – Rising from ash (25-08-2023)
Who is doing the contract manufacturing for Chuck near Bangalore which they had announced last year? They have actually not tied up with ANYONE as yet. Scuttlebutt reveals trials after trials at different facilities around the country for contract work but nothing seems to work. Company has lied about the tie up for contract manufacturing near Bangalore.