That is a very good question. Zauba's data has matched the declared numbers approximately for the last quarter. The accuracy will be known only in the future when we will be able to verify that its data is matching reported numbers for many companies. Though, if someone is interested, they can do the back testing of its data.
Posts in category Value Pickr
US based NRI’s – How do you guys invest in equity now? (01-10-2015)
Hi, I am Saroj Chakraborty.
You have raised a very imp. issue...many US NRIs who do not know the rules go on investing in India and later on, when they get into trouble both with Indian & US regulations, they are stuck. Hopefully, this thread of discussion wd bring clarity to this topic.
May I know what are the difficulties you faced for your Indian investments w.r.t growing questioning from the Indian tax authorities and more importantly, the difficulties faced in calculation with respect to FATCA regulations !! Thanks.
IDFC Special Situation September 2015 (01-10-2015)
Its trading now at 69/share
Control Print – Deservers attention? (01-10-2015)
@varadharajanr Sir as we are discussing about the CFO and building up of inventory topic, I want to talk about Lloyd Electric. Their management said that they are using push through method to promote their product and that method deteriorated their Balance sheet and increased their Working Capital They said they initiated that strategy 3 years back and now they are reaping the benefits of it. The point I am trying to understand is that what amount of WC increase is right? They said it took them 3 years but you said (I trust your analysis because you have seen so many companies) that 3 year increment is a red flag. Can you give your comments on that? because I feel (but I have not done industry analysis) for companies which trying to become Business to COnsumer companies, 3-4 years of WC can be quite natural.
IDFC Special Situation September 2015 (01-10-2015)
Price discovery is being conducted between 9 AM to 10 AM. You will get the IDFC price post 10 AM.
IDFC Special Situation September 2015 (01-10-2015)
Dear Chandresh
I thought Oct 1 was the ex date. But today, IDFC Ltd. seems to be trading as per the usual price.
Regards
Samir
Control Print – Deservers attention? (01-10-2015)
@dd1474
I am happy we are engaging in a good constructive discussion here. Do not look at CFO in isolation but look at it before and after WC changes and find out what constitutes it - for eg., in company A's case if there was a build up of FG and it translated into sales (next year there was a decrease or very small increase), then the company was on the right path in stuffing the channel sensing a growth opportunity.
However, a relentless increase in FG over 2-3 years is a flag and similarly so with RM inventroy and WIP inventory. I spend time trying to visualize what the promoter would be saying by drawing a mental tree in my mind and see if the numbers fit in. for eg., increase in FG for a year means bullish times ahead. Increase in FG for two years ahead of sales growth means an amber flag - for three years is a red flag.
and aman's point is valid about interest expense getting added to CFO to give an artificially high figure. The CFO I use is "owner's earnings" - EBITDA adjusted for WC plus maintenance capex. The issue with CP is the adjustment for WC, which is relentless across years.
MPS Ltd (01-10-2015)
Might be a silly question.. But what would be the opportunity cost for an early investor to still hold on to MPS?
If one were invested at 100x levels for more than a year (assuming no taxation from capital gains), would it make sense to switch now to better growth stocks or do you forsee MPS to be better valued at current levels to deliver the next stage of growth?
Also had a chance to talk to someone i know from digital publishing industry, he said the prospects of growth in US looks extremely promising wherein the average vendor spends have seen increase by about 1.5x with strengthening of dollar. However Europe seems to still struggle a bit where vendor spends are low.
Regards
Sreekanth
Hitesh portfolio (01-10-2015)
Hi Hitesh,
What is your view on Mayur? It seems it has fallen out of the radar of most of us in spite excellent track record and return ratio.
Regards,
Raj
Torrent Pharma Ltd (01-10-2015)
Sorry for my lack of knowledge but I have a basic question ....How reliable the data from Zauba is?