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Posts in category Value Pickr

HBL Power: Signs of change (17-09-2022)

Hi Anant(@Anant) - Thanks for sharing your in-depth research.

IMHO, this business lacks an ‘accountable management’ who has the skill to convert the exciting market opportunity into a commercial success. Why so?

  • In the past few years, the business faced tough times under the current CMD and he is still likely the key decision maker. Across various ARs, nuggets are sprinkled where hardships are assigned to various factors - external environment, wrong people in decision making etc.
  • The present COO who is with the business from 2014 onwards is a core finance professional while the organization’s core business is R&D involving various fields of engineering- Electronics, Electrical, Mechanical, and Chemical.
  • Past ARs assured a new CEO in FY17, but the same remains unfulfilled. Being an internal matter (suitable CEO, COO) seems most easy to fix.

With such decision-making at top, I wonder how they could influence the external environment to grow sustainably.

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Demergers on the radar (17-09-2022)

Please check the details here https://forum.valuepickr.com/t/revathi-equipment/1135/4?u=ashwind

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Demergers on the radar (17-09-2022)

Please check the details here https://forum.valuepickr.com/t/revathi-equipment/1135/4?u=ashwind

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Sona Comstar BLW – Direct EV Play (17-09-2022)

I am quite new to this. What does it mean in lay man terms when you say ‘rewarded employees for disposal of stock’?

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Revathi Equipment (17-09-2022)

A Scheme of demerger, merger Agreement happening in Rebathi Equipment,

Before:

image

After:
image

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Optiemus Infracom – How much business Blackberry is going to bring for it? (17-09-2022)

Wistron already has a tie-up with Optiemus for assembling iPhones at their Noida plant.

I am a bit surprised with this news as to why would Wistron be looking for another partner for the same project even when their existing partner already has the advantage through the PLI scheme?

In case a Tata-Wistron deal goes through, and Wistron continues with the Optiemus agreement too, I doubt that Tata Group will want to play second fiddle to Optiemus.

So where does it leave Optiemus’ upcoming Noida plant and their plans to reach the 38k crore revenue mark?

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The Anup Engineering Ltd – Can it scale up? (17-09-2022)

I was studying the company. Here I have some questions.
How is the valuation as of now?

  1. The numbers are more or less same on ebitda, pbt level since 2019. FY23 Revenue will jump to 400 cr due to Odhav clean room coming in and orders on hand. But EBITDA PBT will be same due to margin contraction. But valuation wise (PE, EV/EBITDA, mcap/sales) the co is at twice the level of 2019. Don’t you think the revenue of 500 cr for FY24 is fully priced in? Lets exclude kheda capex as of now because it has been delayed for long time, so let’s keep it as an optionality.

  2. Why should be the base (like what is in future) for someone pay the high valuation? What is the future revenue potential (let’s ignore mgmt guidance bcz I have doubt on their promises)

  3. Is the main trigger for future growth is the Kheda capex because now it seems like to be completed by H2FY23?

Disclosure: Studying

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SmallCap Hunter : Trying to find the dark horses with triggers (17-09-2022)

There are many example currently where earnings expanded bcoz of restrictions or shipping issues(from china). we need to be aware and cautious of such companies.
Do check historical margins before taking a call

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Dharamsi Morarji Chemicals (DMCC) (17-09-2022)

Azelis is very strong in Sulphur and Boron Derivatives , they have base in India as well.

Some more insights about DMCC from their EC Report (Page 63 Onwards)

DownloadPfdFile.pdf (7.3 MB)

@phreakv6 @Worldlywiseinvestors or any chemical experts can you please dig deep and educate the VP tribe which are these downstream products that going to be

  1. Import Substitutes
  2. High Margin

Thanks

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Cafe Coffee Day – Will you Date? (17-09-2022)

This forum is silent meanwhile company has done wonders in turnaround and stage is set for multi bagger returns. Debt reduction with less than 2k Crore now which is likely to further go down as per plan which is hinted in annual report. https://coffeeday.com/PDF/AnnualReport_2021-22_CDEL.pdf Management believes that the change in shareholding is temporary in nature and the shares pledged will be released back to the Company. … The subsidiaries of CDEL are in the process of disinvestment of their assets. The company is confident that the subsidiaries will repay these advances in due course. …These standalone financial statements for year ended 31 March 2022 have been prepared on a
going concern basis in view of the positive net worth of the Company amounting to Rs.30,673 million as of 31 March 2022, significant value in diversified portfolio of investments held in subsidiaries / joint ventures / associates, established track record of the Company to monetize the group assets as demonstrated by sale of stake in Mindtree Limited, sale of Global Village Tech Park owned by its wholly-owned subsidiary Tanglin Developments Limited , sale of stake in Way2Wealth Group entities profitable resorts operations and consequential ability to service the obligations… Some events will trigger it to cross all time high

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