They were looking to raise money to setup White Label ATMs. It should help them in raising money.
Posts in category Value Pickr
My Top 5 Investment Basics Books, & why? (10-09-2015)
Hope I am not too late to join the bandwagon, but nevertheless here's my list
1.The Intelligent Investor -Benjamin Graham a Timeless classic, teaching investment concepts in a lucid manner. Have always resorted to reading this book again and again for the past 7 years now! The holy book for investing for me period.
2.The Richest Man in Babylon by George S. Clason An offbeat book which disperses financial wisdom through parables. (quote from the book:If you desire to help thy friend, do so in a way that will not bring thy friend's burdens upon thyself.)
3. *Common Stocks and Uncommon Profits- Phillip Fisher an insight about common stocks and how to reap uncommon profits from them. One of the best books even for people with not much idea about stocks.
4.Investment Valuation: Tools and Techniques for Determining the Value of Any Asset Paperback – by Aswath Damodaran Good book which gives insights into how to chose the right model for any given asset valuation scenario.
5.Good to Great: Why Some Companies Make the Leap... and Others Don't by James Collins.
(quote from the book..
Picture an egg. Day after day, it sits there. No one pays attention to it. No one notices it. Certainly no one takes a picture of it or puts it on the cover of a celebrity-focused business magazine. Then one day, the shell cracks and out jumps a chicken.
All of a sudden, the major magazines and newspapers jump on the story: “Stunning Turnaround at Egg!” and “The Chick Who Led the Breakthrough at Egg!” From the outside, the story always reads like an overnight sensation—as if the egg had suddenly and radically altered itself into a chicken.
Now picture the egg from the chicken's point of view.
While the outside world was ignoring this seemingly dormant egg, the chicken within was evolving, growing, developing—changing. From the chicken’s point of view, the moment of breakthrough, of cracking the egg, was simply one more step in a long chain of steps that had led to that moment. Granted, it was a big step—but it was hardly the radical transformation that it looked like from the outside.
It’s a silly analogy, but then our conventional way of looking at change is no less silly. Everyone looks for the “miracle moment” when “change happens.” But ask the good-to-great executives when change happened. They cannot pinpoint a single key event that exemplified their successful transition.)
POKARNA LTD ( Stock opportunities ) (10-09-2015)
Jatin, I think you got confused Marble with Quartz stone, here is more accurate data, Quartz surface import grew about 50%. Which itself is significant, but far more significant data is Indian Quartz imports grew more than 200%. Thats very encouraging considering issues China is facing. China is still the top, with almost 27% share. Mind you, Indias share is lower 4% of the total US quartz imports.
Now, can you imagine, that all 1.4 million share of imports could be only from Pokarnas Quantra?? Thats what makes it a very very interesting company to be digged more into.
Thanks-Mahesh
Syngene International IPO – Views invited (09-09-2015)
what is the logic for syngene to trade at a higher pe multiple to pi and divis ?
Byke hospitality – Truly asset light? (09-09-2015)
Sir, Is there anyway to get information on these agents distribution network?
How strong is it?
How have they developed such a successful network?
what are the entry barrier for the same?
Because majority of the business is coming from that channel and goood cash is being generated.
I am not doubting anything here but just want to understand how the whole thing work.
I am new to research field and this is one of the first attempts to understand business..
Thanks.
Byke hospitality – Truly asset light? (09-09-2015)
Sir, Is there anyway to get information on these agents distribution network?
How strong is it?
How have they developed such a successful network?
what are the entry barrier for the same?
Because majority of the business is coming from that channel and goood cash is being generated.
I am not doubting anything here but just want to understand how the whole thing work.
I am new to research field and this is one of the first attempts to understand business..
Thanks.
Accelya Kale Solutions-Niche & Sticky Business (09-09-2015)
I have been on this for a while as as per my understanding it's only once in 2-3 years that you get a rare combination of low crude prices, lots of new airlines forming and international traffic increasing rapidly. The last such instance was in 2004-05 when you had the indigos and now infamous king fishers getting in.
My sense is that a lot of LCC's are going to come in in asia and africa. I can't still figure out if that's the case. any one in aviation industry would be of great help in understanding this.
As for margins, customer loss, I see that to be minimal - the big customer loss happened because of a merger of that customer with someone else and not out of his own volition. As for inorganic, won't happen as accelya kale itself is on the block for a while now.
I would also appreciate if you can speak to management, aviation experts and chip iwith your views. That can enrichen this discussion.
Syngene International IPO – Views invited (09-09-2015)
One thing I have learned from my more than 14 years into financial markets is that never follow a single valuation multiple to evaluate a company.....first look at the business, see if growth is there or is sustainable, look at the business model to check how important company is to its customers, see the margins it is working at and check if they are sustainable, check whether they are paper margins or are getting translated into actual cash, look at the future scenario from varied angles and check where company can go wrong.......like this way there are multiple parameters which form the right valuation for a company.
I will explain you practically why this happens.....valuation is a factor of demand and supply.....if more long term investors get attracted to a particular company then it's valuation will become far reacher as they see the valuation from financials at 4-5 years down the line and not now.....what company has to do is surpass the milestones expected from it to be surpassed and again 4-5 years down the line valuation will again reflect financials of next 4-5 years.....like this cycle will go on unless the company falters.....this is true for well managed, blue chip companies like Page, PI and of course should soon happen to Syngene too......
As far as my assessment goes, once contract manufacturing starts and stabilises as expected, I expect Syngene to trade at premium to PI and Divis on all valuation multiples be it p/e, EV/ebitda, EV/sales, etc.. The low free float of just 12.2 % should create a scarcity premium that's what I believe as there are not many businesses with clear growth visibility coupled with high margin of operation and equally high cash generation.
rgds.
Discl. - invested in Syngene
Why Airlines do not fly on Value Investing (09-09-2015)
Why to reinvent the wheel? Just follow Buffet's advice
30 stock ideas, need to reduce to 15 (09-09-2015)
Check the Fundamentals and narrow down