summit valuation.doc (60 KB)
Posts in category Value Pickr
Summit Securities is a Value buy among holding companies (19-12-2015)
Yes u are right .
Holding companies generally trade at 50-60% discount of their holdings value because they never unlock valuations.
I given detailed table of all leading holding companies valuations compare with summit .
Summit securites looks good for investment among all holding companies
Summit Securities is a Value buy among holding companies (19-12-2015)
Looks like an interesting idea to me. I have tracked CEAT all the way from Rs.80 to 1200 and this looks like an opportunity to get CEAT at a much lower price 
But why do all holding companies trade at a discount? Is it because these companies never unlock the value to their shareholders?
Narayana Hrudayalaya Ltd IPO – Should we invest or let it pass? (19-12-2015)
To me looks like it will be cafe coffee day like listing.Not much hype left ...look to listing with interest.
Duke Offshore – Hidden Gem? (18-12-2015)
Hi Sri Krishna,
Today's announcement on closer scrutiny has left me somewhat concerned. What is the contract worth in terms of revenues to the Co.? Why has the mgt. chosen to be silent about it ? What is the duration of this International Fleet review ? Is it 15 days or 6 months ?
A bigger concern is that these 10 high speed boats seem to be the same ones that were earlier leased to the Navy to petrol around the harbour. Are these now lying idle or has that contract with the Navy been renewed? I fear it's the former.
For me the crucial event will be the acquisition of the second OPV. At the AGM, the mgt had indicated that it should happen around December / January. Hopefully, it will happen on schedule n the Co. could continue with its onward journey, though the Co. chose to be silent about it in today's announcement. Keeping my fingers crossed!
POKARNA LTD ( Stock opportunities ) (18-12-2015)
Thanks to google, found it in one minute 
http://www.emkayglobal.com/Uploads/EmkayResearch/Pokarna%20Ltd.%20Visit%20Note_271115.pdf
POKARNA LTD ( Stock opportunities ) (18-12-2015)
Sorry, difficult to share the report but would share the main points later. This was just a mgmt interaction note without any research/analysis as such.
Introduction & Portfolio (18-12-2015)
Hello Anupam,
I am positive on NMDC and eClerx as good quality, long-term investment. For NMDC, it takes some bravery to have bought it / averaged down.
.-ve's
Its cyclical. Iron-ore prices / over-production / china down issues.
Management may not use capital aptly. Just as an eg: the steel mill venture may not turn out well.
Naxal security issues at their main mine at 'Bailadila'
Quarterly profits are down, almost half they were 12 months back.
+ves
Company management is giving out positive noises; regarding improving railway lines / a slurry pipeline. (Transportation from interior regions may become cheaper.) Increasing production.
Company is still profitable. Has a good ROCE. Has an additional 'other income' of about 500 Cr each quarter (Sept 2015), due to cash reserves in hand.
Company is at around book value and 6-7 P/E. Pays good dividends.
Ref: https://www.screener.in/company/NMDC/
For eClerx, you could refer http://forum.valuepickr.com/t/eclerx-cmp-656/253/37
Not following others except SBI.
Regards,
S
Disc: Pf holding ~10% each in NMDC and eClerx
POKARNA LTD ( Stock opportunities ) (18-12-2015)
Sumit, could you plz send the link to the Emkay report?
Granite in absolute terms compared to Sept didnt decrease. i had a look at it.
I spoke to the investor relations couple week back, they say how Brazil currency is hurting Indian granite exporters. I think going forward, Granite growth will be marginally incremental. Quartz is where the most growth should come from.
Hindistan Media Ventures Limted (HMVL): A mispriced bet in newspaper business (18-12-2015)
Here is a research report from firstcall which recommends a buy at CMP http://www.moneycontrol.com/mccode/news/article/article_pdf.php?autono=4464701&num=0