Having seen the fundamentals play out for last 10 years, the price movements in the last few months is a compelling case to focus on technicals.
Posts in category Value Pickr
My mistakes with the stock market (02-09-2022)
These are not mistakes per se, these are losses or missing profits. These will be mistakes, if we can provide the reasons for buying and selling, and everything that happened in between, so that it provides a context.
Missing a bus could mean a lot of things, I was busy looking at something and I did not see the bus coming, or I did not know that, that is the bus I should board, or I did not expect the bus to move so fast, or the bus only stopped for a second, or I fell down, so on and so forth.
The reasons why we did what we did are important, not every loss or a would have been a profit is a mistake. Also, if the sold stocks fell, would we still call them as mistakes, I guess not.
Buffett lost some bets, even Soros did, even Newton did, so I guess we cannot learn from numbers, unless we are provided the context in which those numbers took place.
No intention of hurting anyone, just my thoughts.
Saregama India Ltd: India’s premier music publishing label (02-09-2022)
Can you share any source stating “the deal termination with Meta”.?
Power Finance Corporation Limited : Rare profit making PSU? (02-09-2022)
Any thoughts on this?
At what valuation will PGCIL buy REC from PFC if it happens. Will it be on book value or Market Value. It would be a big loss for PFC if its market value.
Power Finance Corporation Limited : Rare profit making PSU? (02-09-2022)
My understanding is that the dividend received from REC is passed on as PFC dividend and therefore only the end recipient has to pay tax on the same. Not sure though!
Maithan Alloys Ltd (02-09-2022)
Burned in Asian Tiles, not touching this one. Seems good but in long term these type of stocks with corrupt promoters mostly give pain.
Ranvir’s Portfolio (02-09-2022)
Disc: resorted to mild trimming in Axis Bank and CG Consumer. Initiated tracking positions in Acrysil, Karur Vysya Bank and IDFC First bank.
Reasons -
Acrysil - Company’s MD is guiding for FY 23 sales > 700 cr with 20-22 pc EBITDA. Company should end up making a PAT of around 85-90 cr for FY 23. The current market cap is around 1900 cr. On a one yr fwd basis, its trading at 21-22 times EPS.
KVB - Has been a big underperformed over last decade. However, their incremental slippages for the last three Qtrs have been less than 1 pc ( on an annualised basis ). Plus the total SMA book is also less than 1 pc of the total outstanding loans. Their GNPAs and NNPAs are showing a rapidly improving trend. Management is also guiding for a 15 pc loan book and NII growth. The bank is trading at 6 times expected earnings of FY23.
Idfc First bank - Their superlative NIMs , CASA > 50 pc and credit cost guidance of 1-1.5 times got me interested in the bank. If these things sustain for another 2-3 Qtrs, the mkt may finally re-rate this stock.
Power Finance Corporation Limited : Rare profit making PSU? (02-09-2022)
Is there any way to verify whether PFC is paying any tax on the dividend received from REC. It receives like 1500 Crore from REC and if it pays 20-30% tax on it that comes out to be 300-450 cr. There are certain conditions to be satisfied so that it is considered that the dividend was passed on and is not taxed. Just not sure PFC is doing that considering its a government company.