ADD-SHOP E-RETAIL
No. It’s not like that, I’m not in 9-5 job, i’m full time investor
Yes, so what I did was I simply reduced book value by 15cr, it is still looking a great valuation.
Correct.
Yes, they do have related parties with significant transactions, this is definitely a flag.
I wrote to management just before AGM to get clarity, they took these points in AGM.
And 35cr is payable to Dada organics, which means company is enjoying good credit from Dada organics.
I couldn’t find AGM recording, but as far as I remember I will put here…
Dear CS,
Following are the questions I would like to ask,
-
Promoters have sold large shareholding, and all promoters family members also resigned recently, is promoter selling & exiting from company?
Ans: Promoter is not exiting the business, shares sold because promoters had to pay personal loans. Mr. Pandya also clarified that his family had only 25% of rightful shareholding, over & above that did not belong to them -
Few investors have bought large shareholding recently from promoters, are we getting new promoters?
Ans: No -
Why are our receivable days so high?
Ans: 80% of sales is to the farmers, where 6-7 months receivable is normal industry trend. -
I would like to know the revenue break-up between Agri related products & FMCG products?
Ans: 80-85% comes from Agri & balance from FMCG.
I would wait for 2-3 more quarters to see if the things going in the right direction & if management taking right decisions.
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