Benchmark was French Stationery Major BIC’s valuation to Cello…Linc was damn cheap and Mitsubishi was holding a chunk into it…Thought Mitsubishi will do the same with Linc…though it didn’t happened, tracking company for few years builds conviction…consumer company,building brand,good management was enough for me hold for long…though topline was not growing…Pentonic changed that alongwith Deli distribution…future seems tobe exciting with Morris deal and Kenya Manufacturing…following para from Concall :
- In the quarter gone by your company formed a subsidiary company, Morris Linc private limited the objective is
to form a joint venture between Linc and Morris. Morris which is a leading global writing instrument and
stationery player based out of South Korea having a portfolio of a few patented products in the writing instrument
category was looking to start get some manufacturing in India. They found Linc to be an ideal partner for this
venture. Linc will be the majority shareholder with an extra golden share.
Dis. Holding and totally biased…
| Subscribe To Our Free Newsletter |
