I applied on the 2nd day as had some cash.
Just checked and you should take a look at these
easyJet
Southwest Airlines
I'm no expert but if IndiGo manages to keep its cost advantage and gain market share, the stock prices will reflect the same.
I applied on the 2nd day as had some cash.
Just checked and you should take a look at these
easyJet
Southwest Airlines
I'm no expert but if IndiGo manages to keep its cost advantage and gain market share, the stock prices will reflect the same.
Stock at P/E of 12, with sales growth of 11%, Profit growth of 29% in last 3 years (and ROE 20%)
Investment in MF 550 cr = 3x net profit of FY15.
This looks a safe bate. I am planning to take a small position.
Bajaj finance should be a growth story for next 10 years. There is a huge market which is still untapped.
I hope the management doesn't scarifies the credit quality for the growth. Company reported compounded revenue growth of 43% in last 10 years (same in last 5 years). Should not be difficult for a company to grow 20% for next 5 to 10 years
disclosure: invested ...2.5 beggar
I attended the AGM and came out highly unimpressed.The management's lethargy was clearly indicated by statements such as "This business is in maintenance mode". Further they harped upon their current state of affairs being an outcome of government policies totally discounting success of their competitors The real estate opportunity that I thought will play out looks delayed (Yelahanka/ Hyderabad land sale) and the explosive division might do better this year due to a strong order book. Further Hinduja Properties owns marketing/development right for Yelahanka project and also for other land banks with a no penalty clause (very much like a family affair). The attitude of Mr. Hinduja present in the AGM was also that of wishing awayinvestor concerns with motherhood statements like "We create wealth in long term and we move slowly.". No clarity was provided on the investment in Houghton.
Disclosure: Not invested.
revenue declined from 192 cr to 143 cr quarter over quarter. I had called company secretary last month (when revenue declined in the last qtr). As per him it is because of drop in the crude oil prices. It seems to be believable as company is able to pass the price benefit by keeping its margin intact (in fact it gone up a little bit).
So with the sharp decline in oil prices, don't think revenue are comparable. Will need to check if volume have gone up.
I am little concern about Vinati & Mohit Mutreja (husband wife) with different interest. Mohit has founded a company mainly into trading activity. Obviously, Mohit would focus more energy on his company..I hope it should not result into any conflict.
Investor Presentation
http://www.bseindia.com/xml-data/corpfiling/AttachLive/F38F8553_E867_4CF1_ABCB_D94584393C80_200608.pdf
Board Meeting Outcome
http://www.bseindia.com/xml-data/corpfiling/AttachLive/4589B54D_CF60_4922_B668_9A642CAA12A2_200742.pdf
Consolidated Q2 comparison YoY
Revenue growth - 14%
PAT growth - 73%
Operating profit or EBITDA is actually down 15%
As you look deeper, it's all on account of higher other income and lower tax expense.
Thus, H1 numbers also look fabulous YoY based on the artificial boost of other income and lower tax expense.
Not sure what to make of the numbers,
Disc - Invested
My understanding is raw material for the company is derivative of Crude therefore no growth in the topline but bottomline shows improvement.
If so, is this sustainable? Did company show any volume growth?
I too have applied heavily seeing the QIB & RJ participation.
Has SW or Ryanair other budget airlines created wealth in this otherwise unfancied Aviation sector?
.Should I hold it as core portfolio stock for next 3-5 years or sell on listing?
Views invited.
I think you are looking at standalone numbers.
Were they also talking about standalone numbers?
Also, if you check BS schedule of other current liabilities it also has 'Current maturities of Long term borrowings".
Maybe things will match then.
Hey I did go to an ETHOS store in Mumbai. Their staff is a lot more trained than a local luxury watch store. Also the prices are higher at ETHOS. The product range is the same. Also, for quite a few luxury watches, ETHOS had no inventory. They told me that it takes 25 days to get it from Chandigarh! The number of customers were higher at the local store than ETHOS which was empty on that particular day.
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