Can you please share what you mean by this? Cost of funds for idfc first is now 5.2% blended (including 22k cr of high cost legacy liabilities at around 8.5-9%).
HDFC bank for comparison is at 4.2%. I would not be too surprised if idfc bank converges to within 0.5% of HDFC within 2-3 years. Do you think that makes a material difference to what sort of customers they are able to target?
Can you please share what you mean by this? Cost of funds for idfc first is now 5.2% blended (including 22k cr of high cost legacy liabilities at around 8.5-9%).
HDFC bank for comparison is at 4.2%. I would not be too surprised if idfc bank converges to within 0.5% of HDFC within 2-3 years. Do you think that makes a material difference to what sort of customers they are able to target?
India is much more tightly integrated with rest of the world than before, so won’t at least a portion of the steel that Chinese mills keep churning out find its way to the rest of the world, esp India ? With China having world’s 50% capacity, the same steel mills who are complaining against export duty today will have no problem asking for a steep import duty.
It is important to take note when Godawari management says:
Your disclosure of holding is missing. Till you comply the thread remains locked .
CP (CAA) No. 14/Chd/Hry/2022
(Second Motion)
THE NATIONAL COMPANY LAW TRIBUNAL
CHANDIGARH BENCH, CHANDIGARH
(through web-based video conferencing platform)
Item No. 29
CP (CAA) No. 14/Chd/Hry/2022
(Second Motion)
Under Sections 230-232 of the
Companies Act, 2013
In the matter of:-
Nam Estates Pvt. Ltd. …Petitioner Company-Transferor Company
With
Indiabulls Real Estate Ltd. …Petitioner Company-Transferee Company
Present through Video Conferencing:
Mr. Vaibhav Sharma, Advocate for petitioner companies.
Mr. Yogesh Putney, Senior Standing Counsel with Mr. Harveet
Singh Sehgal, Advocate and Mr. Yatin Chadha, Advocate for
Income Tax Department.
Mr. S Ravi, Senior Advocate with Mr. K V Girish Dhankeula
Dharnish, Advocate for applicant-Intervener.
Heard the learned counsel for parties. Compliance affidavit vide
Diary No. 00293/4 dated 22.07.2022 alongwith report of the RD vide Diary No.
00293/3 dated 27.07.2022 and response thereto vide Diary No. 00293/5 dated
28.07.2022, have been filed. The same are taken on record. CCI report is also
received vide Diary No. 205(1) dated 09.06.2022 and letter from the Income
Tax Department has also been received vide Diary No. 259 dated 04.07.2022.
The same are also taken on record. Learned Senior Standing Counsel for
Income Tax Department has requested some more time to seek instructions. In
the meanwhile, he is directed to collect a copy of the letter received from the
Income Tax Department and also share the same with the counsel of the
petitioner; he is also directed to file his report at least one week before the next
date of hearing and response thereto, if any, be filed at least three days before
the next date of hearing with a copy in advance to the counsel opposite. Last
opportunity is being given to Security Board of India to furnish its report, if any,
at least one week before the next date of hearing with a copy in advance to the
counsel opposite, failing which it will be presumed that SEBI has nothing to say
in the matter. Response thereto, if any, be filed at least three days before the
next date of hearing with a copy in advance to the counsel opposite.
2. Mr. S Ravi, Senior Advocate, learned counsel for applicantintervener has mentioned that he has filed an application vide Diary No. 1763
dated 27.07.2022 which is not listed today. He is directed to check it with the
Registry and if it is in order let the same be listed on the next date of hearing.
He is also directed to share a copy of the application alongwith entire paper
book with the learned counsel for petitioner companies and reply to the same, if
any, be submitted at least one week before the next date of hearing with a copy
in advance to the counsel opposite. The matter be listed on 08.09.2022.
Sd/- Sd/-
(Subrata Kumar Dash) (Harnam Singh Thakur)
The story is unfolding. First the resignation of MD a few days before the announcement of result and now a cool provision of 1232.6 Crore! recognised against the outstanding receivables from Vodafone Idea. This is a dangerous place to be in.
I believe the stock could fall significantly from current levels but the interesting dilemma is that the entire network back bone of Airtel is also provided by the same company.
Another important factor to consider is the trend of revenue per tower as pasted below:
See the results here.
Disclosure: Invested - consideirng an exit.
Yes you are right…What I mean by silent cash machine is,
what Peter Lynch and Peter Thiel mentioned in their books.
the managements who do not appear in media frequently and gradually build competitive strengths.What makes TCS,INFY to be cash machines is their competitive advantage.And how this competitive advantage is build ?
giving example…
Lets say the 1st project it made in 5 years…2nd one it can make in 3 years…3rd project it can make in 2 years…4th project it can make in 6 months…they just need to re-assemble the code…a simple example…what small companies need 3 years ,it can provide in 6 months…this creates a moat…and provides a pricing power and in turn provides the ability to retain high margins.
Only good margin is not sufficient to make money…the ability to retain the margin always (in terms of pricing power) is what required to make money.You just need to catch a silent cash machine in perfect price.
What I missed in ITC is…I had not able to realize that even if its cigarette volumes go down ,still it can increase margin and deliver more profits with less volume.Because customer goes and pulls cigarette from shop.What I learned from Peter Lynch is we can make money when FII/DIIs are away from a good stock and no body is discussing the stock.
Example-If you can get colgate in 6% dividind yield and 2-3 times price to book value ,would that be a good buy…?
I missed such chances in …Because I have purchased in small quantity.
ITC over last year 3 years,
Nestle …during maggi crisis ,
Infosys… ,Salil Parekh’s personal trips, whistleblower letter.
Private banks in NPA crisis …in 2015 I think
But I learned my lesson recently I purchased
I was holding ITC since last 3 years
Recently I purchased IDFC first bank,Quick Heal,Oracle Financial Services Software,Nucleus Software Exports, HUL …
I need some cash cows in my portfolio …they will throw cash and I will buy other growth engines with the cash I get from the cows.
I do not like companies buying IPL teams(Reliance) and buying airlines and hotels(Tata investment corporation)
I gave my 100% of learnings and tried to control my brain while evaluating the above businesses…Lets see what happens…
I will draft in detail my psychology about judging a business…need some time to draft
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