Oh yes. Sorry, my mistake
Posts in category Value Pickr
Indian terrain—play on consumption (24-10-2015)
Birla fund stated above is an ultra short term debt fund and not an equity fund.
On another note stock split from FV 10 to FV 2 has been approved. This news has been given to exchanges but results have not been notified.
A related party transaction has also been approved where ITFL has bought some property from Celebrity Fashions. Somehow I have never been fond if these 3 words 'Related Party Transactuons' ; awaiting details on this front.
Regards.
Indian terrain—play on consumption (24-10-2015)
AR 2015: Surplus cash has been deployed in liquid funds and one Birla Sun Life Savings Fund - Growth, which is an equity fund. One one side, the company is looking to expand operations, made QIP issue, lowered down their debts and on other side, they invest (or may be trade) in equity MFs. Does not look good IMO.
Has anyone questioned the management on this?
Omkar Speciality Chemcials Ltd — OSCL (24-10-2015)
Yes, good set of numbers indeed.
Below are the concall details:
Date: 26 October 2015, Monday
Time: 2:30 PM
Dial-in Numbers: 022-39600659 / 022-67465959
Hosted by: Dr. Omkar Herlekar
Disclosure: Invested
Kitex Garments Limited (24-10-2015)
I would have assumed that normally these are long term contracts and pricing would be known significantly earlier. In which case, management should have factored that into guidance.
I am not even sure why they shoot themselves in the foot with this guidance business. They are not obliged to.
The misplaced guidance is doing more harm than good. If you look at the numbers without the context of a hyped up guidance, they are pretty decent.
But that is the crux of the issue - is there an increasing disconnect with ground realities? Is the management entering hubris zone?
Kitex Garments Limited (24-10-2015)
I am speculating here. Cotton prices are at 6 year lows. So it may be reflected in the sales price and thereby revenue. If at all this theory is right, then shouldn't we be focussing on profitability rather than top line?
Lactose India – Unique Play on Lactulose & Contract Manufacturer for MNCs (24-10-2015)
You are right, roughly 46382 shares sold by promoters during this period, for maybe for a consideration of about ~15 lacs at average price of 25 ?
Both promoters draw about 55 lac per annum salary from company. So not sure, what prompted them to sell shares when prospects look so bright for the company. I think it's not a deal breaker
Total no. of shares belonging to promoter.
Jun'14 - 3250792
Sep'14 - 3236792
Dec'14 - 3234910
Mar'14 - 3218700
Dec'14 - 3204410
Realtime Alerts for BSE Corporate announcements (23-10-2015)
Hi Manish,
Currently the hosting server are having technical problem at their end. Request to kindly bear for few more days. Once issue is resolved I ll post here after which you can use forgot password link and regenerate password.
Kitex Garments Limited (23-10-2015)
I think the core issue here is management guidance and ability to execute on guidance. There is a growing sense that this management, while being brilliant at its core business, indulges in over ambitious guidance. While this may be forgiven in an emerging star so to speak, multiples will rapidly drop for Kitex if they continue to do really well but fail to meet targets they set for themselves within timelines. This is the core concern as it is a pattern and unfortunately, not a comforting one.