No. Now, the tentative date is 15th March
Posts tagged Value Pickr
Som Distilleries and Breweries (28-02-2024)
As a promoter, you are allowed to do a creeping acquisition of shares from open market upto 5% of total shares every year. If you do more than that, you trigger an open offer to public shareholders at a formula derived price. And you have to inform the exchanges within 1 or 2 working days of buying /selling any shares in the market.
PayTM (One 97 Communications Ltd) (28-02-2024)
Whatsapp also trying to take advantage of paytm crisis. Its nudging to use its upi from past 2-3 days. It never did this before
PayTM (One 97 Communications Ltd) (28-02-2024)
‘Migration of merchants taking time’.
It was already expected.
Markolines Pavement Technologies – Road to Riches? (28-02-2024)
ILFS acquisition
they were the only bidders, did they see something that others couldn’t or they hope what they saw will yield huge returns
This acquisition would need dilution
the financials of the acquisition firm
*
receivables are all haywire, aged more than 3yrs majorly
2kcr+ of ltb, declared as stb
655cr of stb
975cr worth of payables, 726 is aged more than 3yrs
Need to understand how they will restructure the firm post acquisition, either they will grow hugely or this entity will engulf them.
Green Hydrogen as a Fuel – Indian Companies leading the Green Revolution (28-02-2024)
India’s first green hydrogen tender meets a chaotic end | Mint (livemint.com)
Hype meets reality.
ITC: “Will”(s) “Gold Flake” assist “Ashirwad” to win “Bingo!”? (28-02-2024)
Currently, Number of equity shares outstanding for ITC stand at 1232crores increasing regularly with the ESOPS. Only other companies which have a higher number of shares outstanding are the likes of VodafoneIdea, Yes bank, IOB,IOCL, Suzlon, ONGC and Tata steel.
Apart from regular ESOPS, ITC has declared bonus issues in 2005,2010 and 2016. If one goes through the 1105 posts above, the discussion on a buyback from ITC has been discarded based on the shareholding tussle between govt of India and BAT.
But, now BAT is looking to monetize on the recent runup in ITC shares and looking to sell their stake upto 4.03% (they have clarified that the stake will not go below 25%. )
A buyback at this moment can work to benefit BAT, GOVT of India (which has directed PSU’s to give back dividends and do buybacks) and retail shareholders.
Reducing the float before the Hotels demerger also benifits all the invested parties further as less shares will have to be issued. How/ Why has ITC management not been thinking in this regards is a surprise to me since the company is sitting on a cash equivalents of atleast 5000crores+.
Any counters to the Buyback suggestion are welcome.
Number of stock for retail investor (28-02-2024)
This is a topic that I have been thinking about over the last few weeks. Sharing my thoughts for feedback.
Some background: My equity side of investments is split into mutual funds (~75%) and direct equity (~25%). I started with mutual funds. I decided to go direct for the learning, excitement and also wanting to by certain companies that were not in my mutual fund holdings.
I currently hold 23 companies in my direct portfolio. I followed the general advise to diversify and tried not to invest more than 5% in any one company. This is great for the portfolio I think, but for the overall picture it doesn’t make much sense and I might be better off with a more concentrated portfolio.
Let me explain.
- 23 companies is a lot to study! There are few in there that I haven’t checked in the last 6 months or so. Which means my averaging decisions are only based on price movements and not any fundamentals. This is not good.
- Mutual funds already bring in diversification to my overall portfolio. I don’t have to worry about portfolio concentration until my direct portfolio is dominating my equity investments. Even if one company is 50% of the direct portfolio, it will only be 12.5% of the overall portfolio. (i.e. 50% of 25%)
- One of the reasons to go direct is because I am bullish on a certain company / sector. I think I will do better if I stay true to this and focus on sectors that I am truly bullish on. Without this, the returns will always be average and comparable to mutual funds.
So my goal moving forward is to trim down the direct portfolio as and when I see a buying / selling opportunity. Probably down to 10 or 12 companies.
Looking forward to your thoughts.
AGI Greenpac- on the cusp of growth? (28-02-2024)
Seems like the hearing was on Feb 27th. Any updates from court? Stock has moved up slightly anyway
Genus Power – Smart Metering (28-02-2024)
This exact same slide is there from June 22 investor presentation onwards. So nothing new here.