Sir,
I show a company in which promoter holding is 27% but after a Marger promoter holding increase upto 75%.
What is happened in this process?
What is need of this operation?
This process showing good sign or bad for retailers?
Posts tagged Value Pickr
My portfolio updates and investment journey (26-01-2024)
SmallCap Hunter : Trying to find the dark horses with triggers (26-01-2024)
Just that the previous promoter has left the board of directors. Still don’t know why the previous promoter sold or whether the new promoters plan to shake up the business in some way so that the growth goes up by a lot.
IREDA: Renewable Energy Powerhouse (26-01-2024)
- last 3 years hockey stick growth and sustaining the growth
- networth 3 years back 2000 crs now 8500 crs +, loan book 23000 crores before 3 yrs and now 50000 crs+
- exemption of divident from govt 3 years back so that we can plough our net profit for growth as it is very bullish time
- have to have crar 15% but for AAA crar we need 17% right now crar is 23%
- largely loan book in private sector (79%)
- roof top solar , debt component just a matrix is for having 1 cr of rooftop solar we require to finance 1.25-1.5 lakh crore of outlay out which there will be some subsidy in relation to this from govt but it will get cleared depending on rural/urban regarding amount of it
- each house hold 1.5 to 3 kw of req
- rec is the nodal agency , as it is present pan india , will see what role IREDA will play in this as rec comes out of mechanism as we 3 are there to compliment each other (rec,ireda,pfc)
- will try and leverage upto 6-7 times (atleast) to keep crar healthy
- target before was 196000 cr of loan book by fy26 this was much before the ipo but now what we are seeing is massive growth and not focusing on specific target as oppurtunity is so masssive
- ROA target 2.5%
- operating leverage in banks – “everything except npa have increased and now in respect of everything npa have decreased and with the same manpower of 178 people and want to further double business with the same man power”
link to interview
IREDA’s Green Growth: Stellar Results and Roadmap for Sustainable Financing | Pradip Kumar Das
PM Modi’s Launch Of Solar Roof-Top Scheme Perfect Opportunity To Sensitise En Masse Indians: IREDA
Shreeji Translogistics (26-01-2024)
@manojmph
Manoj…have you had a chance study logistics sector further ?
What are your views after 4 months…How all the names in logistic sector have been performing…are they all making highs ?
Visiting a company/ promotor reputation (26-01-2024)
Dear all
We are living panindia, in fact panworld.
Normally if we invest in a company we try to find out company information on company website, moneycontrol, screener…etc.
Many a times we got difficulty particularly in smaller company…whether company exist or not/ the information given on website are authentic/ promotor reputation and behaviors?..etc.
Suppose i m living in Varanasi…u can ask any company information n i will try to provide. Similarly we can help each other in possible way.
Lets start the discussion and grow mutually.
52 week highs and all time highs strategy (26-01-2024)
Time Techno stock price was stuck in a price range of 169-187 since past few trading sessions. On 23 Jan 2024, it broke down below this range to post a low of 162 and closed at 164. Within the next couple of days it reentered the previous range with a close at 176 yesterday. This apparently fake breakdown from a range and then an upmove taking it back into the range is often a shakeout move before another major upmove. In Wycoff’s methodology it is termed as SPRING. Confirmation of the pattern happens once stock price crosses and closes above the previous trading range, and the value for that in this case happens to be around 187-188. disc: invested.
For more details on Wycoff method, one needs to just google it and there is a lot of material available.
Hitesh portfolio (26-01-2024)
Som distilleries had a big bull run from levels of around 110 in Feb 2023 to a high of 390 in Oct 2023, and then it has started its correction. Some reasons for the correction seem to be
Valuations had run up a lot in anticipation of company’s expected good numbers.
There has been continuous equity dilution with equity at 28 crores in 2018 going up to 39 crores in Sep 2023.
Income tax raids.
Many a times these type of medium term corrections take time to correct inspite of no change in fundamentals. As an example we have Usha martin to study where without any change in fundamentals, in spite of a strong overall market and stock price corrected from a high of 374 to swing low of 253 and has now managed to climb back to levels of 350-360, signalling a possible end to corrective phase.
Stocks can correct 20-30% (or more) from their tops just as a matter of routine correction after sharp rallies. It’s up to us to study the company based on whatever method we follow and decide whether to buy/sell.
@Anubhav_Garg I dont track ethos.
My portfolio updates and investment journey (26-01-2024)
Well ! it is not quite correct. Buffet has historically made big outsized bets wrt his portfolio . For example in his early partnership he had invested about 35 % of his whole portfolio in one company Sanborn maps . In 1963 he invested 40% of his portfolio into American express after the salad oil scandal. His portfolio looks diversified because , he tries to hold on to good companies even if they are not doing good and doesn’t sell as long as he likes the company. But when he buys he buys a buys a big chunk of his investible corpus.
“The strategy we’ve adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that employed by more conventional investors. We disagree. We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it. In stating this opinion, we define risk, using dictionary terms, as “the possibility of loss or injury.”
-Warren buffet 1993
Adani Ports – Leader in ports (25-01-2024)
I am sharing some basic data of Adani Port to understand,
FY’23: Revenue Rs 22405.39 Cr, EBIDTA 12500.63 (55.79%) and EPS 24.58
Cargo Handing: 339 MMT
H1FY24: Revenue Rs 13583.1 Cr, EBITDA 7428.6 (54.69%) and EPS 17.90
Cargo Handling 9 Months: 311 MMT
Expected Cargo Handling by the Company ~ 415 MMT (minimum), generally Q4 is better than Q2 and Q3. I am not factoring other acquisition, DFC and future transshipment port etc.
FY24: Estimated EPS ~ Rs 35 (re calculate after 9months result)
FY25: Projected EPS ~ Rs 44-45
HDFC Bank- we understand your world (25-01-2024)
One of the big reasons why HDFC Bank’s ADR always traded at a significant premium was because of the foreign investors limit (74% for an Indian private bank) which was are already hit.
As the large foreign fund managers (pension funds, sovereign wealth funds, municipal corporations etc) need to invest big money in a high quality franchise like HDFC Bank, the limit was acting as a big hurdle, they were never getting the required volumes and availability itself was an issue, hence the ADR always traded at 15-30% premium for HDFC Bank. The merger has obviously played a spoil sport to this and the fact that ICICI, Axis are back to good days, constant FII/FPI selling has sent HDFC Bank’s foreign investor limit well below 74%, so there is enough room for foreign investors to allocate fresh money in HDFC Bank.
As per the Dec 2023 shareholding pattern, foreign investors still have 21% legroom to get to hit the limit of 74% in HDFC Bank. 21% legroom left at a ~$100bn base is $20bn. So, paying up 15-30% premium for the ADR makes little sense.
For that matter, from the random google searches I did on other Indian companies, ADRs generally trade at discount for other companies