Thank you Vivek for your views and information. Today Satin moved up with 66% of delivery. Planning to hold it for long term.
Posts in category Value Pickr
Motherson sumi : Recent opportunity to buy (05-10-2015)
Prof Ashwath Damodaran tries to value Volkswagen. This should give some good perspective for people looking at Motherson Sumi
Disclosure: Have been buying after the scandal broke out. Currently a little over 1% of portfolio.
Cupid Ltd – Helping the world play safe! (05-10-2015)
@jigar_punamiya The company's main focus was tendering business. In absence of tender business there will be a sales gap. The growth in sales we are seeing right now is because of some tender wins. Some of them are for log term like the tender for South Africa business is for supply of next 3 years. The supply or condoms "green Love" to Safeware is for 10 years starting from 2014. The gap which you see is lack of tender sales in 2013-14.
REPCO home finance – another Gruh in the making? (05-10-2015)
here good example was can fin homes as i bought stock 3yrs ago. people used to say NIM are declining but business growth was such that decling NIM was not worrying part , and stock is 10 beggar . while in early 2007-2011 NIM were rising but business was stagnant.
REPCO home finance – another Gruh in the making? (05-10-2015)
nikhil again ,even if there is no capital raised NIM can (may) expand if there is lesser leverage 1) due to decrease or low growth in advances 2) build up of capital (from retain earning ) so going by on NIM will be like "Man with Humor". we need to see growth and spread and p/bv and PE also 
REPCO home finance – another Gruh in the making? (05-10-2015)
Right. Higher the capital adequacy (the lower the leverage) , the higher is the NIM all other parameters being constant.
Aarti Drugs (05-10-2015)
@saiirfan.......As u brought out in the balance sheet.....trade recievables are in the range of 250-350 crores.....this to me look too high.....or are they normal??? Any views from seniors???
REPCO home finance – another Gruh in the making? (05-10-2015)
@kjshah18 : Yes you are correct. I was wrong.
I forgot that whenever a bank/NBFC raises equity capital, it's NIM increases for short period of time. Though over the period where no equity capital is raised, NIM depends purely on cost of funds and yield. So markets usually do not consider temporary ups in NIM after capital raising. NIM trend through normal operations matters a lot though.
REPCO home finance – another Gruh in the making? (05-10-2015)
@vicky_7900: Let me try to calculate. But I am not sure whether my answer will be correct.
Lets assume 100 Rs. of capital. And assuming zero borrowings, balance sheet size will be 100. So Total assets will be 100. The P&L goes like
Interest Earned = 7
Interest expended = 0
Net Interest Income (NII) = 7
NIM = NII / Total Assets
NIM = 7 / 100
NIM = 7%
Forensics and the art of triangulation (05-10-2015)
It is commonly believed that the best forensic guys are the short sellers. You may know that Bill Ackman, the legendary hedge fund manager short sold Herbalife with a $ 1 billion position in 2012. It has not yet worked for him, even as he spends $ 100 million annually just to maintain his shorts.
Bill made a 2.5 hr, 524 slide presentation in 2012 and kept a dedicated website - http://www.factsaboutherbalife.com/
Fortune has a very instructive essay / article Bill's attempted siege of Herbalife and Herbalife's counter-attack. It is long but written in an engaging manner. It can be found here - BIll Ackman vs Herbalife. Unlike Bill's earlier shorts, this one seems to be a longer battle; and with many fund managers taking a long position.