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Posts tagged Value Pickr
DEV Information technology ~ A play on Low float & management change? (11-12-2023)
Note: only 3.8% of the shares were actually tendered in the open offer!
INOX Wind (11-12-2023)
Hi All,
There is a good arbitrage opportunity (around 38%) available between the merger of Inox Wind (IWL) and IWEL (Inox Wind Energy Limited).
The Board has approved swap ratios for the proposed amalgamation as below: – 158 equity shares of face value of Rs. 10/- per share of IWL to be issued for every 10 equity shares of face value of Rs. 10/- per share of IWEL.
The CMP of IWL is around Rs. 394 which works out to Rs. 6225 per share of IWEL.
IWEL is currently trading at 4480 (put in t2t few days back and hence the volumes are low).
The rationale for this merger is the consolidation of wind energy business and streamlining of group structure and operations. The appointed date for the amalgamation is set as July 1, 2023.
Already 4 months passed since the board approved merger. So the approval might be around the corner.
Geekay Wires Ltd (11-12-2023)
These are the new Auditors
Borosil Limited (11-12-2023)
Thanks for the update @akacker, this is really helpful.
Rural Elect Corp (11-12-2023)
Agree. REC PFC is trying to catch up , but not at the same rate which IREDA is trading.
I was trying to add IREDA to my small.position I had from IPO… but the valuation is insane.
I think market is crazy on renewables. Perhaps there is a news item that IREDA has notified to general public that they are now open to lend for roof top solars for individuals.
Buy Unlisted Shares (11-12-2023)
Hi Nitin bhai
Found this on DRHP , where they clearly state that they have only 20 employees on payroll and they could have additional contract personnel, but am not sure how their expenses are mentioned in balance sheet. Am not very good at reading balance sheet
Praj Industries (11-12-2023)
Promoters and employees do have their own demat trading account and nowadays it is common to see in most companies Promoters / Insiders selling/ buying with Bad or good news flow which perhaps they may come to know in advance. As long as they comply to SEBI guidelines for buying or selling , it may be ok.
And if there is good news flow , they may buy again and we also many times but / sell on news flow. Yes, they are at an advantage being insiders. If it is a insider trading or corporate governance issues by definition , then there are agencies like SEBI who does investigation and take them to task.
As an investor , we should look at fundamentals and apply due diligence before buying.or selling.
we should not get perturbed by what market does or how the market react all of a sudden.
In my view , fundamentals of this biotechnology stock is in tact unless there is corporate Governance issues and from the news flow and statement from Govt , to my understanding ethanol production in no way is getting affected. The same ethanol plant can make ethanol from Sugarcane juice, B Molasses , C molasses , damaged and surplus maize, rice.
If sugar cane juice is restricted , three are many other windows open.to make ethanol for which Govt is taking action, e.g procurement of maize st MSP from farmers . Also , Govt is open to review and revoke decision if the sugarcane production does not decline.
discl: Invested at lower level and for long term. This not a buy sell recommendation. please do your own assessment before taking any such buy/ sell recommendation.
Rural Elect Corp (11-12-2023)
IREDA is not stopping. With last 2 days of surge in IREDA, IREDA is now trading at 26.5x and REC at 8.5x.
A premium of 3x justified for financing small renewable setups? I guess financing small projects will have higher administrative cost (people on ground to verify project setup, IT initiatives to support retail disbursements etc).
With REC venturing into infrastructure development loans too, they will have higher loan book which will translate to higher EPS too.
This gap of 3x in PE valuation is a balloon, IREDA should command a premium, but 200% is way too high, premium of 20-40% is justified.
Praj Industries (11-12-2023)
Correct, I think now would be the time to wait and watch. I am convinced on the long term story of the company, and management just keeps winning awards left and right.
If it comes back to 350 levels, it would be great for people like me to increase their position.