Maybe because it is yet to prove itself consistently, Recent past of the company has been rough and only after SSEL acquired indotech things started moving and so in the past 1 year PE re-rating has happened drastically and don’t forget the growth in EPS.
With a plan to unify all cement operations under a single entity to streamline operations, how would this scenario play out for Sanghi?
With a plan to unify all cement operations under a single entity to streamline operations, how would this scenario play out for Sanghi?
This is what Rishi said is 3Q concall about Offshore…
Personally I have no issues with their promoter groups shareholding structure as well as their % shareholding in the company.
Corporate governance is something one cannot be 100% sure. We recently had an issue, however in that the main promoters do not have any involvement (its the uncle who did it and he is out)…this is what is being told.
Further there is another belief I have, BW which is globally big player in the LPG sector decided to join hand with GBL. For them India is a big market where they want to do serious business and they have committed to a project by part equity and also debt which the JV will take and assuring revenues for the JV such that the debt is taken care of. Now, GBL was a very good candidate for them because they had the land at JNPT so GBL is like a very preferred choice for BW. Having said that, I would expect that BW would have done a thorough financial, legal, tax due diligence on GBL. Also Malabar and Anil Goel participated in the fund raise, so even they would have done due diligence at their end. This is not to say that promoters of GBL cannot indulge in wrongdoing going forward, but for now nothing points otherwise.
All sugar companies are holding high sugar stocks. And with low ethanol production & sales in Q1 & Q2. It seems Q1 financial performance is going to be very poor across the board… but again long term i think should be good.
Companies not going for expansion but focusing on efficiency and cash flow (and share buy back) will do very well. If margins on grain based ethanol do not improve then even repayment of debt can become a challenge. Once some ethanol capacities (both cane and grain based) shut down then the industry balance will be achieved.
while company is into high growth business corporate governance issues can be a major deterrent for investors. With promoter holding at around 40% it adds to the discomfort.
further in promoters there are many promoter groups with small shareholding… is it good or bad?
From Axis MF front ending case, the impact to investors of that fund was low returns. I don’t see that happened in quant MF yet. But the fund managers may get sacked if found guilty that will have an impact on the investing philosophy leading to performance difference in future.
Disc: I have regular SIP with 2 quant MFs.
If you are using both technicals and fundamentals and trying to combine the two disciplines, there is no need to sweat over how much importance to give to which discipline. Idea should be to get clarity regarding the chart/company in question. Sometimes fundamental picture will be very clear, other times technical picture will be clear. In rare instances both fundamentals and technical picture will be clear, and in such instances one should work really hard, try to see if there are any strong investment arguments.
In broad market corrections, the sacrosanct technical levels will all be broken, and the feeling would be that technicals are not of much use. Best use of technicals is for entry and wherever possible , find out targets and take appropriate action.
Ok. Thank u sir. I start reading books.