I read lot of articles on VCcircle, and I have noticed that for most of the PE and VC backed companies JM financial is top choice for ECM transactions along with foreign IBs.
In India it seems that they have highest market share.
Posts in category Value Pickr
JM Financial (11-09-2024)
Kitex Garments Limited (11-09-2024)
Awesome… Sabu was talking expansions and commitments from 2017 now it is going to become a reality. 5000 crore turnover into 20% PAT with a PE of 30 – 30,000 crore market cap. My expectation company will pass 5000 crore.
Investment in the ancillaries, or ancillaries of ancillaries-vendors of famous companies (11-09-2024)
this is another ancillary of ancillary with a niche business and long tailwinds
Raymond – The Complete Man (11-09-2024)
I think the date for LTCG will be based on the purchase date of the original undivided Raymond shares.
JM Financial (11-09-2024)
https://greenedgewealth.com/JM-Financial–Getting-back-to-core/index.html
Fundamental triggers:
- JM Financial to run down less profitable and capital intensive businesses
- While its leadership in IB & IE will likely continue, its wealth, MF & digital broking businesses are expected to turnaround in next 2 years leading to much higher profits in currently higher profitable business
Technical trigger:
Stock is breaking out of 5 year consolidation with huge volumes
SWAN ENERGY LIMITED (SEL): The company focussing on sectors with strong tailwinds (11-09-2024)
Swan Energy honestly has a lot of variables currently and its not a business we can predict based on the numbers as we do not know to what extent the numbers are cooked . It is more to do with political connections and how your connections help you to grow.
Just one insight which no one has brought into picture till now is the leverage of proximity of Swan LNG Terminal and the Reliance Naval & Engineering ( Pipavav Port )
This could bring in synergies in the long run with sharing of the resources .
The reason for sale of FSRU sale would be surely get the funds ready for Reliance Naval which is the biggest trigger from Swan Energy .
Nikhil Vasantlal Merchant daughter Vinita is married to Naman M Patel, who is the nephew of Mr. Anil Ambani who was previous promoter of Reliance Naval. The bid by Swan Energy for RNEL , clearly signifies the value the asset holds and is timed to perfection with the impetus currently shown by our government towards Warships and private participation
Also , once the LNG terminal is up and ready , either Swan could give Reliance Naval the contract of building an FSRU provided it has the capability and capacity to build one or else take one on lease .
Some more interesting points.
The articles of the company were amended recently which included 2 new business areas
- Datacenter & IT
- Geospatial Mapping
The recent QIPs with Quant MF participation & BlackRock ( Jio connections again ) buying stake from the open market do give a validation to an extent that there are variables which may turn favorable for Swan in the coming years .
To me the triggers are in the below priority
- Reliance Naval
- LNG Terminal
- Geospatial Mapping
- Data Centers ( as there is no clarity on how company is planning to grow in this space )
Disc : Invested & biased
Route Mobile – Internet, Mobile & Telecom (11-09-2024)
And here it is, the much awaited OFS on Sept 13 for Retail investors.
The floor price for the Offer shall be INR 1,635 per Equity Share
Deep Industries (DIL) (11-09-2024)
Deep Industries Share Price Rockets: Here’s What The Management Has To Say
Management interview:
- Revenue to grow at 35% CAGR over 3-4 years
- Blended EBIDTA margin to remain stable
- ONGC contract of INR 1402 crores: target to complete it within 10 years [instead of 15 years contract tenure]
To monitor:
- additional order wins [not factored in revenue guidance of 35%]
- margin in ONGC contract
- competition in the space from the likes of RBM infra [won a much larger order of INR 3,500 cr from ONGC]