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Posts tagged Value Pickr
Investing Basics – Feel free to ask the most basic questions (24-11-2023)
Hi Mudit
I’ve followed the method used by Sahil Sharma for XIRR calcualation. I have a question though.
In zerodha I can only see my portofolio curve for only past 1 year. So, I’m able to calculate my XIRR only for past 1 year or any shorter period. Is there a way to find the Portfolio value in the past like 3 years ago or 2.4 years ago ?
Thanks
Praveen
Iris Business Services – Emerging SAAS Microcap (24-11-2023)
I like the business, the technical capability & the customer support (the reviews are extremely positive with a large mention of customer support), my only concern is the aggression of the management.
Mr Swaminathan has been saying this for a while now that they need money to spend on marketing & sales. With every new mandate coming up, a fresh market is created & is ripe for the first year or two before the deadline. The companies need to comply & are open to anyone who’d reach out. This is a much easier way to get a client. The other way is to try & convert a client who uses a competitor’s solution. This is way more difficult as the client’s compliance team has gotten used to the existing solution & there is a training effort etc, that too only when the competitor doesn’t offer to reduce the prices himself to retain the client.
In the current environment, with new mandates springing up, I think the management can spend heavily on sales & marketing. Once a customer is signed up, the SaaS model is such that the cost of incremental clients is extremely low & only sales the meaningful cost. The LTV for each customer would be quite high.
The management has talked about issuing rights to fund this but seems way too focused on not diluting at these valuations. IMO the focus should be growing the business. Having said that, I hope the money generated from the windfall growth in collect business gets redeployed here.
Disclaimer – holding for over a year
Iris Business Services – Emerging SAAS Microcap (24-11-2023)
I like the business, the technical capability & the customer support (the reviews are extremely positive with a large mention of customer support), my only concern is the aggression of the management.
Mr Swaminathan has been saying this for a while now that they need money to spend on marketing & sales. With every new mandate coming up, a fresh market is created & is ripe for the first year or two before the deadline. The companies need to comply & are open to anyone who’d reach out. This is a much easier way to get a client. The other way is to try & convert a client who uses a competitor’s solution. This is way more difficult as the client’s compliance team has gotten used to the existing solution & there is a training effort etc, that too only when the competitor doesn’t offer to reduce the prices himself to retain the client.
In the current environment, with new mandates springing up, I think the management can spend heavily on sales & marketing. Once a customer is signed up, the SaaS model is such that the cost of incremental clients is extremely low & only sales the meaningful cost. The LTV for each customer would be quite high.
The management has talked about issuing rights to fund this but seems way too focused on not diluting at these valuations. IMO the focus should be growing the business. Having said that, I hope the money generated from the windfall growth in collect business gets redeployed here.
Disclaimer – holding for over a year
Angel One: Metamorphosis into a Fintech? (Previously Angel Broking) (24-11-2023)
Kudos! I opened by first demat account with Angel Broking back in 2018 but ended up closing it because of high brokerage and other little inconveniences. Moved to Zerodha.
5 years down the line, they’ve shaked up things for the better and are #3 now. I missed the bus big time.
Angel One: Metamorphosis into a Fintech? (Previously Angel Broking) (24-11-2023)
Kudos! I opened by first demat account with Angel Broking back in 2018 but ended up closing it because of high brokerage and other little inconveniences. Moved to Zerodha.
5 years down the line, they’ve shaked up things for the better and are #3 now. I missed the bus big time.
Is Buy and Forget a Myth? (24-11-2023)
Peter Lynch : Buy, Hold and Monitor
Phil Fischer: Buy and Forget HQ Companies (not entirely)
Fisher was interested in high-quality companies with strong competitive advantages and growth potential.
He looked for management teams with a long-term vision and a commitment to shareholder value.
“Conversely, as such a stock rises to, say, 50 or 60 or 70, the urge to sell and take a profit now that the stock is “high” becomes irresistible to many people. Giving in to this urge can be very costly. This is because the genuinely worthwhile profits in stock investing have come from holding the surprisingly large number of stocks that have gone up many times from their original cost. The only true test of whether a stock is “cheap” or “high” is not its current price in relation to some former price, no matter how accustomed we may have become to that former price, but whether the company’s fundamentals are significantly more or less favorable than the current financial-community appraisal of that stock.”
Is Buy and Forget a Myth? (24-11-2023)
Peter Lynch : Buy, Hold and Monitor
Phil Fischer: Buy and Forget HQ Companies (not entirely)
Fisher was interested in high-quality companies with strong competitive advantages and growth potential.
He looked for management teams with a long-term vision and a commitment to shareholder value.
“Conversely, as such a stock rises to, say, 50 or 60 or 70, the urge to sell and take a profit now that the stock is “high” becomes irresistible to many people. Giving in to this urge can be very costly. This is because the genuinely worthwhile profits in stock investing have come from holding the surprisingly large number of stocks that have gone up many times from their original cost. The only true test of whether a stock is “cheap” or “high” is not its current price in relation to some former price, no matter how accustomed we may have become to that former price, but whether the company’s fundamentals are significantly more or less favorable than the current financial-community appraisal of that stock.”
Electrosteel Casting – Ductile Pipe King (24-11-2023)
ECL prices are defying gravity, feel it’s outside the value zone now. I mean the core business not the expected settlement.
One trigger point can still be the settlement of the coal field amount expected by the management. They have been tightlipped about the value of the same, but there are market participants who surely know these details.
Manappuram Finance (24-11-2023)
I suppose its due to their diversification in microfinance.
Operating margin for Muthoot is in mid 40s, Manappuram in mid 30s and IIFL in mid 20s
Muthoot Finance (FY23)
- Gold loans: 98.4%
- Non-gold loans: 1.6%
Manappuram Finance (FY23)
- Gold loans: 58.4%
- Non-gold loans: 41.6%