Hello people.
A good way to retrospect. I have a portfolio of 18 stocks and effectively no cash as of now. The thing is when the market cracks both stocks ( which we have to sell to get into cash and buy ones) go down. And it’s a mental block selling at lows. However I hold astral which is currently at 70 pe which I feel is discounting revenue growths quite a few years down the line which hence I am planning to partially sell if not fully.
I will be looking to add to few of my existing holdings which include premco, Mt educare and cupid. To all these current holdings the bullish ness can be described in one sentence.
Premco: we will never stop wearing underwear even in recession
Mt educare: would have been a flop in any developed country, but in india parents will keep pushing kids for those magical grades
Cupid: better to safe than sorry. And what better way than for it to be decided by the fairer sex.
Regards
Posts in category Value Pickr
What you are buying in this major correction ? PF readjustment! (05-09-2015)
What you are buying in this major correction ? PF readjustment! (05-09-2015)
I think we need to wait for some more time – we are yet to see the bottom. I am also sitting on cash after reducing exposure to polymed and Bajaj finane as part of portfolio rebalance.
Hitesh portfolio (05-09-2015)
@ravi, I track Lincoln Pharma but more as a technical bet. With good q1 fy 16 results it seems to be headed for some good times. The presentation also shows some details about the company. You can put all the details u have mentioned in the thread on lincoln pharma.
@rajesh, I dont track indo count or any other textile companies so wouldnt be able to comment on it.
Hitesh portfolio (05-09-2015)
Hitesh,
Your views on Indo count ? Asset light model with high margin business. Going to be debt free in one year, good FCF, growth.
Cons _ no dividend yet. Already increased too much
What you are buying in this major correction ? PF readjustment! (04-09-2015)
nice thread . I have been doing nothing for past many months now . I hold a concentrated large size PF of 5 stocks . no cash to invest . so watching the screen reading up but no selling or buying .But no tension .
Ujaas Energy – Value Migration to Solar Power (04-09-2015)
@chintans Thanks for such a detailed response. Agree with your thoughts on net-metering. Need to wait and watch on how the situation pans out in India. If its favorable, early starters like Ujaas can reap huge benefits. I generally do not invest in sectors which are heavily regulated or in which major clients are public sector companies. But I can make an exception for solar, because increasing solar power generation is inevitable. What we need to figure out is the right time to invest.
Emkay taps and tools (04-09-2015)
EMKAY TOOLS
Interesting idea!
• Sales: 30 – 35 Cr range for last 5 years
EBITDA: 12-16 Cr range
PAT: 8 – 10 Cr range (Margin 30%)
Cash equivalents = 65% of Market Cap
RoE ~20%
RoCE ~ 36%
• Debt free (both Long term and Short term), has investments in quoted securities and MFs worth 41 Cr as of 31/03/2015
• Single Product Company with total tapping solutions – only threads tools. Full varieties of taps – inter alia, include HIPerformance Thread Forming Taps, HI-Performance Spiral Fluted Taps, HI-Performance Spiral Pointed Taps, HIPerformance Taps for Cast Iron Tapping, HI-Performance Special Taps, PM Taps, Carbide Taps, Special Designed Roll Taps, Through Coolant Taps (T.C.H), Special Geometry ―Spiral Fluted‖ Taps, Special Geometry ―Spiral Pointed‖ Taps, Taps With Special Coatings among others are widely used in several critical auto components, ensuring the right product for each customer specific production requirement and timely deliveries has given us a competitive advantage in this high-precision industry
• Newly listed on NSE SME platform (August 2015). Listed at market cap of 60 Cr with an offer for sale of 25% from the promoters – objects of the issue being ‘gaining listing benefits!’
Financials only available in company RHP.
Opto Circuits (04-09-2015)
If bottom formation process is nothing but a process of dissipation of negative momentum; then it appears that the negative momentum is already dissipated to a large extent. Or in other words, all the sellers / weak hands may have been thrown out of the stock.
Towards a Capital Allocation Framework! (04-09-2015)
I am more than 90% in stocks. I ensure following
1. >15 but <20 stocks
2. > 90% is into consumers, financials and pharma.
3. At least 25% into large caps. Some mid-cap pharma and consumer are closer to large cap now.
4. No allocation more than 15%. Ideally, I would like it to be capped at 10%.
5. No sector allocation more than 40%.
I have evolved this criteria for myself knowing well that this may not be most optimal. But after going through a meltdown like 2008 you know what works for oneself.