Posts in category Value Pickr
Fairfax India – an alternative to nifty (26-06-2024)
Hi all,
I recently did a deep-dive on Fairfax India based on the 2023 annual report.
The current asset base looks good and conservatively valued:
However, the fee structure still seems to be a drag on returns. Based on a DCF, the stock looks fairly valued at the moment. I’ve used a 12% discount rate, so the stock should still give around 12% returns going forward with low probability of permanent capital loss.
Link to calculations: Fairfax India valuation (OpenSourceInvestor) - Google Sheets
The full deep-dive and details can be found here: link.
Let me know if I’ve missed anything or you have any differing opinions. Thanks!
Disc: I have a small tracking position for now. Will monitor the stock going forward.
Thanks,
Sharad
OpenSourceInvestor @ Substack
Ugro Capital – Opportunity To Invest in a Fintech-like Company Below Book Value (25-06-2024)
Prices would go up when no one expects . Be patient… even hdfc has to go through consolidation phase and financial especially small cap are consolidating. Sbfc has not beem able to cross listing price, mfi has beem smashed by loan waiver news. If you have then wait else let it cross 315/320 range to add. L
DIY Momentum QnA and Discussion (25-06-2024)
yeah python i have experience in. Where do we get the historical data from? can we get this from exchanges?
SWAN ENERGY LIMITED (SEL): The company focussing on sectors with strong tailwinds (25-06-2024)
Hello,
Its a really interesting detailed info of the company, But I can see that Reliance Naval is already listed entity. Also the market cap of Reliance Naval is just 170Cr.
If you have any information on the order book of Reliance infra for the 11 under construction projects it will be helpful. We may need to wait and watch how this transition takes place within the company.
Happiest Minds Technology (25-06-2024)
Any reason for this selling? I remember at the time or IPO Ashok Soota sir had said that he wants to retain 51% or the company to retain the ownership and avoid any hostile takeover that happened with Mindtree.
Ice make Refrigeration – Picks & shovels for cold storage infrastructure (25-06-2024)
(post deleted by author)
DIY Momentum QnA and Discussion (25-06-2024)
Check out this free dashboard, where the current selection for different factors is updated daily.
For Momentum, I would recommend the settings: NSE500, 180 days lookback, 90 days rebalance, 30 stocks, equal weight.
If you have any questions on use, please write to me.
Regards
Samir Shah
Pls note: For educational purpose only.
Ola Electric after FAME subsidy reduction (25-06-2024)
There was a article recently in Themorningcontext on this IPO. To summarise, the assignment highlighted five things- 1. Lack of further models or prototypes, their car team has been dissolved and no further models have been developed. Quality control issues have been common.
2. High attrition (50%) leads to drag in operations.
3. Promoter has been spending more time on Krutrim. This can be seen playing similar to how he left Ola cabs when it was in prime and not has been relegated to second place in India.
4. The company still sells its scooters for loss. The haven’t been able to raise much funding and this going through the IPO route.
5. Competition from established auto companies.
I don’t believe there is any particular upside in the company, unless they do some solid research, have a good team and bring an excellent product to market. Companies like Bajaj, TVS and Honda will eat their market share with their brand value, network and customer service.