I thought Co-lending does not have FLDG.
Posts in category Value Pickr
Himachal Futuristic communication (25-08-2023)
So am confused here, does reflecting numbers and investors makes this company investible ???
Rajesh Exports: Time to examine this story seriously? (25-08-2023)
My assumption is that this is due to their acquisition of Valcambi in 2015 for 400 million USD. Valcambi is the world’s largest gold refiner and refineries work on very thin margins. So this adds a lot to their revenue but not necessarily to their bottom line.
Result: Broken promise 
and narrow margins!
Rajesh Exports: Time to examine this story seriously? (25-08-2023)
Hey @Shubham_Jain1 ,
I have been studying the balance sheet, performance and tracking information about Rajesh Exports. You are true on many of the facts, but as per my knowledge exposure till now (where I could be wrong)
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Balance sheet shown is cumulative of all it’s subsidiaries, from the Auditors comments mentioned at NSE disclosures also we can see they do say two subsidiaries resulted were not audited by them and they were accepted and according to the law of the respective country. (AFAIK this should be Valcambi, Switzerland.
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Tax Rate slab falling from 8% to 3%, could it be because of India’s Tax Policies, I could just find this article but these all might be wrong too
But the only thing pushed me to buy this stock under this range as it is very close to it’s PB and recently I video from Vivek Sir did provided meaningful insights what must be going on.
Cons:
- Management is not friendly (not to credit ratings, not to investors) in terms of providing big details
- Transparency is not very good, very limited and necessary information is published by them only
Disc: invested
Indiabulls Housing – A compounder from here? (25-08-2023)
Additionally, if anyone noticed
Now a days NBFC / NBFI’s and getting into Co lending — FLDG model (basically de-risking the Banks partially)
This provides multiplier effect to NIMS .
Consider UGRO , Muthoot Cap and many others .
——I am invested in this as portfolio stock 3.5 percent allocation 3-5 years .
Jio Financial Services (5th largest financial services company) (25-08-2023)
Ya lets wait for next quarterly results then
Zoom webinar on stage investing (25-08-2023)
Request to add me thanks
Zoom webinar on stage investing (25-08-2023)
I am interested, kindly add me to the list.
Thank you
My portfolio updates and investment journey (25-08-2023)
Thanks JP Sir for answering the portfolio allocation query. You have mentioned that good AA rated bonds are available at 10%+ yield. Can u name it and which is the good platform to purchase the same.
Zoom webinar on stage investing (25-08-2023)
I’m interested in the zoom meeting . Please add me to the link