Posts in category Value Pickr
Smallcap momentum portfolio (18-05-2024)
Thank you for your reply, please confirm the date considering for calculation. I have posted the dates in midcap thread.
Addictive Learning Technology limited (LAWSIKHO) (18-05-2024)
Investor Call FY24
FY24 Earning Call for Addictive Learning Technology Limited | LawSikho
Microcap momentum portfolio (18-05-2024)
Sure Madam. Gone through both the videos couple of weeks back but i don’t remember on the execution part. Will check once again.
Yash Portfolio Feedback (18-05-2024)
Portfolio Updates:
Not too much change. Bit of churn in a few tail positions and few addition and weight changes
Buys:
-
Agarwal Industrial Corporation: One of the largest importers and specialized logistics players in the bitumen place. The company is also completely integrated, owns its own ships, storage tankers at ports, processing units as well as logistics trucks. For now, View this as a short term bet to play the expected unpriced pickup in Q4 numbers. Along with this, doubling of ship transportation capacity in Q4 should also lead to significant growth in profitability in the upcoming year. Could even be a longer term play if road capex revives as incremental demand will all be met via imports. Could make a 50%+ return here very quickly.
-
Madison Ltd: Still a work in progress and could be an exciting long term play on growth in the power sector. Govt has announced ambitious plans to grow the country’s transmission network in order to future proof renewable capacity addition which is more transmission heavy. The biggest growth will come in high voltage substation capacity addition as per CEA projections. Madison seems to be the only company in the country that makes contacts for HV switchgears. 50% of the company’s EBITDA comes from this product. In addition, company also makes LV contacts which has immediate tailwinds with real estate demand and is also a beneficiary of the govt smart meter drive. Company is not expensive on normalized margins (<15x PE). Expect a catchup to normal margins this quarter itself with silver prices shooting up. Given the immediate tailwind to margins, it became necessary to buy even with limited research.
-
Added PB Fintech and HDFC Bank
Sells:
-
Sold SIS: one that I was wrong in. Kept waiting for the turnaround in margins that never came. The entire pain was self-inflicted by mgmt. They chose to take poor contracts with low margins during Covid to show growth and appease investors. This is biting them back now. Some of the acquisitions have also been poor with less due diligence. Not qualities I want in long term investments. This was one of my worst ever investments in terms of opportunity cost given it was bought in 2020 and yielded <20% absolute returns.
-
Coastal Corp: Another one it seems I made a mistake in. The structural factors of competition from Ecuador in the shrimp industry are outweighing everything else. There is still some hope here with anti-dumping ruling by USA expected soon. In addition, there have been challenges with grain based ethanol as well with FCI not releasing broken rice stock to ethanol producers amongst shortages/high inflation in rice. Enough for me to exit. Had redeployment opportunities as well.
-
Trimmed Faze Three, Godfrey Phillips & Bharti Airtel. All playing out well; just valuation and opportunity cost reasons.
-
Sold Garware Hi-Tech: Quick buy and sell. I feel I diluted PF quality in order to buy this with the known governance issues. In addition, trade data showed the pickup in PPF films may have been temporary.
General Thoughts:
I continue to have more ideas than resources at the moment. While market may be choppy in the near term, I feel there are still plenty of good opportunities available. It helps that in general, I believe the PF quality to be the highest at this point than it’s ever been in the past. Finding plenty of opportunities in financials space for even long term investments. At the same time there is clearly froth in certain segments such as a few PSUs in certain segments, hot themes: railways, renewables, defense and cap goods where prices are much much above fundamentals.
Smallcap momentum portfolio (18-05-2024)
@visuarchie Sir,
Based on the workings below are the stocks i am getting this week.
50DMA (14977) > 200DMA (13528)
Based On Ranking:
JAIBALAJI
SCHNEIDER
ANANDRATHI
INOXWIND
COCHINSHIP
SWSOLAR
HUDCO
POWERINDIA
HINDCOPPER
MOTILALOFS
HBLPOWER
SIGNATURE
SOBHA
BLUESTARCO
EIHOTEL
JWL
MEDANTA
NATIONALUM
KPIL
NBCC
CENTURYTEX
EXIDEIND
GODFRYPHLP
Based on A → Z for easy tracking:
ANANDRATHI
BLUESTARCO
CENTURYTEX
COCHINSHIP
EIHOTEL
EXIDEIND
GODFRYPHLP
HBLPOWER
HINDCOPPER
HUDCO
INOXWIND
JAIBALAJI
JWL
KPIL
MEDANTA
MOTILALOFS
MRPL
NATIONALUM
NBCC
POWERINDIA
SCHNEIDER
SIGNATURE
SOBHA
SWSOLAR
TATAINVEST
ABB India – Next Gen Technologies Power-packed (18-05-2024)
ABB India has growth of around 15% during March 2024 Quarter (1st quarter as it follow calender year as accounting year) as compared with parent company growth of only 5% during first quarter from India region. The parent company declared results before Indian subsidiary. Enclosed is link for Business standard article explaning substantial decline in ABB India share price following release of ABB Global result, which show 5% growth in India Region order.
However, ABB India results declared in May 2024 were much better growth in order book and substantial improvement in Sales and Net profit. In the presentation for March 2024 quarter, Indian management attemped to reconcile the difference in order book for ABB India (listed company) and ABB Global. Find enlosed slide as well as Management commentary discussing and explaining the variance. Personally I found it very interesting and keep on my record for future learning (while adpating Parent results and applying same to Indian Listed subsidiary. Thought to share on forum as may be interesting learning for all member.
ABB Global and India business Comparison Quarter May 2024 Presentation.pdf (495.3 KB)
Disclosure: ABB is among my Top 4 holding. My view may be positively biased. I am not a SEBI registered advisor. I am not suggesting any investment action. I may increase/decrease or exit from ABB India investment WITHOUT INFORMING the forum.
Smallcap momentum portfolio (18-05-2024)
Hello @Anand_Jain I have not been considering special sessions. I close the week on Friday. Whatever changes are there will be captured, in any case, next week.
Ujjivan Financial – Small Finance Bank (18-05-2024)
dad9439f-a9c8-4232-b34b-5a69e1b0cd05.pdf (1.2 MB)
Is this lower than expectations?
IPO Review – Discussion until listing (18-05-2024)
Yes, I know the oversubscription status and difficulty in getting allotment. And I don’t consider KP engg as a good issue.
My point is I am yet to come across any one who got allotment in a good issue like Winsol. Because listing gain in this case is more than 4 lac. So it is sufficient to induce people to adopt unfair means. And that is the reason why I apprehend a scam. I am yet to get confirmation that allotment process is fullproof from any misdoings.
And I know that oversubscription is sometimes more than 700 times. But still in the smallest issue 500/600 retail investors are getting allotment.
So can we take up with SEBI to make allotment process fullproof ? I am writing this because Individual complaint to SEBI may not yield desired result.