Prince Pipes was in consolidation due to high run up in the valuation (64 PE). Its historical PE is 30 (Current PE is 36). Although it has consolidated for two years but i would like a lower entry PE for an investment with good margin of safety.
Posts tagged Value Pickr
Piramal Enterprises Ltd (22-11-2023)
IMO the new RBI risk weights will be a drag on PEL as I understand. Even though PEL has been actively managing exposure. Views invited…
Piramal Enterprises Ltd (22-11-2023)
Not shared in particular. But as a marker to follow, it’s current circa 6%. I’d be looking for that to improve. But overall it’s the ROA improvements will allow us to evaluate further development of the narrative.
Sonata Software A Turnaround Story (22-11-2023)
Does anyone know why Sonata Software has fallen 7% today? I don’t see anything on Google News, Twitter, Screener…
GMM Pfaudler: A safe way to play the Pharma/Chemical cycle (22-11-2023)
Its sales have been growing at 20.9% CAGR over the last 10 years, which is a good sign for someone who has 50% market share. More recently, its profit growth of 40% CAGR over last 3 years has been impressive where as the stock has given -5% returns (since Nov 2020 till date). On paper, this does look like a very good investment candidate from a risk to reward perspective as the business seems to be doing well but the market is skeptical. I know this is a very simplistic way of looking at things but is something wrong with this view? Is order intake the only thing that the market is worried about?
IDFC First Bank Limited (22-11-2023)
Bank started giving digital Rupay credit card on existing card holders. With joining fee of 199+GST then 199+GST annual fee. Now bank customer can use this on UPI.
Business related info.
Invested.
Tata Motors – DVR (22-11-2023)
Got the full allotment.
Multi-Disciplinary Reading – Book Reviews (22-11-2023)
Book Review: Broken Money by Lyn Alden
I really enjoyed reading the first 2/3rd of the book. The last 1/3rd deals with cryptocurrency and bitcoin – I didn’t have enough of a background context or familiarity to grasp these chapters. I will re-read this section again in the near future.
The first 2/3rd of the book deals with history of money and the technological changes that led to a difference between speed of transaction and speed of settlement and the operational implications of this gap.
The book answers a lot of questions such as
- Why did Gold and Silver became the universally adopted currencies ?
- Why did we need both Gold and Silver ? And why today Silver isn’t considered as hard money as Gold ?
- Why commodity money only works well when trading partners are at the same technological level?
- Why the vector tech and banking innovations meant that a move away from the gold standard was inevitable?
- How is money created in our fiat / central banking system ?
- How did the dollar become the reserve currency of the world ? And what are the dangers of having a lot of your liabilities denominated in dollars?
- Why the reserve currency status of the dollar is a double edged sword for the US ?
- Why didn’t money printing cause retail inflation in 2008 while it did in 2020 ?
- How low interest rates, higher money supply and monetization of deficit have introduced noise in price signals?
- Why increasing rates is less effective or even counterproductive to combat inflation which emerged due to monetization of fiscal deficit ?
Lyn Alden explores these and many other questions using a systems view lens.
Recommended reading. 8/10