The balance sheets of all companies I`ve seen always shows TOTAL ASSETS AND TOTAL LIABLITIES as same can any one please put some light on it , as Im new to this trading platform
Posts tagged Value Pickr
TCS opportunity (29-11-2023)
Not really. Ideally a company should do buyback when share price is depressed but real life is not so simple😅.
Share price depressed → company should do buyback
Company doing buyback → can have n reasons, primary reason being company has excess cash which is used to reward shareholders, company believes buyback to be better than dividend.
Infact I find TCS to be in overvalued category, flattish revenue since 1 year, industry headwinds and a technology which improves productivity and creates a level playing field for smaller players. A really high pe of 28. Opinions of other would differ.
Also, I want to ask others, I have read many times that buyback is better from tax pov, but I disagree on it. Say a investor bought shares at 3500 and sold at 4100 in buyback. The company tcs would need to pay tax of 20 percent on 4100 (-face value which is negligible anyways) which is 820 rupees!! 820 tax on a gain of 600. Is my understanding incorrect here?
Investment Learning (29-11-2023)
You can ask here.
Rain Industries – An oversold de-leveraging play (29-11-2023)
no idea about that… but so far this is usual matter, not sure if additional quantity decision will be taken up separately
Investment Learning (29-11-2023)
The balance sheets of all companies I`ve seen always shows TOTAL ASSETS AND TOTAL LIABLITIES as same can any one please put some light on it , as Im new to this trading platform
Manappuram Finance (29-11-2023)
Concall Notes – Nov 2023
Financial Results:
- Q2 FY24 net profit of INR 561 crores, up 37% YoY
Gold Loan Business:
- Gold loan AUM increased by 8.4% YoY and 1% sequentially
- Maintaining price discipline in gold loans at around 22%+
- Expecting growth of 8% YoY in gold loans
- Auction surplus has come down to around INR 30 crores
- No significant delinquencies in gold loan business
- No stress observed in gold loan portfolio
- Gold loan yields expected to stabilize around current levels (22-22.5%)
Other Loan Businesses:
- Standalone AUM grew by 20.2% YoY, consolidated AUM increased by 27% YoY
- Microfinance subsidiary, Asirvad, recorded a profit of INR 118 crores, up 109% YoY
- Vehicle finance business saw a 66.7% YoY increase in AUM
- Home loan business reported a 41% YoY growth in AUM
- Non-gold verticals now account for 47% of total AUM
- Asirvad Microfinance filed DRHP for fundraising, growth to be supported by current profits
Dividends and Payouts:
- Dividends increased and payouts raised to INR 0.85 during the quarter
Funding and Liquidity:
- Resolved issues related to funding and liquidity
- Expecting cost of funds to remain reasonable
Future Outlook:
- Expecting similar growth in Q3 due to festive and marriage season
Other Financial Highlights:
- Net gain on fair value changes and net gain on de-recognition of financial instruments reported in consolidated financial results
- Fee income from selling household products to MFI customers
Usha Martin- Coming out of Chaos (29-11-2023)
@hitesh2710 – Hello Hitesh ji, did you notice selling of shares by Usha Martin promoter group from last few days??
Manappuram Finance (29-11-2023)
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