Amit…PGInvit is nose diving every day and at almost 12% yield (pre-tax) now. Market is of course factoring in a reduction in DPU in the future but if the slide takes it ugly levels of 80s/90s, what one can gain by yield is lost in capital loss…what is your take?
Posts tagged Value Pickr
Ambika Cotton Mills (02-10-2023)
Even i got the same doubt, but i feel that he is talking about the customers and their retailers.
because of the higher interest rate they may postpone the buying.
This is what i understand, any one can please comment and explain
PPFAS Financial Opportunities Forum (02-10-2023)
Well yes, if one have the gut to hold – smallcap funds can give very high returns but the problem is volatility and possibility of no returns for prolonged period of time.
If you looked at smallcap fund returns at the end of 2013 or 2019 would have looked different.
IDFC First Bank Limited (02-10-2023)
QIP will increase the BV as it may happen at 2.25x book value…
Book value can reach 52-53 by the end of F.Y. 25 if we consider the profits of 7 quaters along with merger and QIP…
PPFAS Financial Opportunities Forum (02-10-2023)
I also admire them and I am also their investor. I can take back my words, if I hurt your feelings in anyway. I always try to see the opposite point of view, even if it may appear absurd sometimes. I seek to challenge the popular beliefs at the cost of sounding devil’s advocate. But here I agree with most of their points. My only argument is that , we cant take away the success of small cap funds. We have to give the due, where it deserves.
PPFAS Financial Opportunities Forum (02-10-2023)
I beg to differ with your point of view. PPFAS is probably the most honest fund house in the industry today and they are stating the facts. I don’t this they will bad mouth a segment of the market since they don’t have a fund in that space. Considering the loyalty they have today, they can easily launch a small cap fund may get 10K cr AUM at NFO itself. But they have been saying all along that they don’t launch products unless it provides a solution to the investors and stuck to their ethics for long.
The video posted here is presented at PPFAS FOF summit which is in existence from close to 10 years or so and the people who attend this are very savvy investors and probably some of them are in this industry for 20+ years. It’s a paid subscription and I doubt they would listen to something like that after paying for the service.
Disc : I am not an investor with PPFAS but an admirer of their ethics and the way they keep investor centric approach.
Mahindra & Mahindra Ltd. – a federation! (02-10-2023)
Festive season sales growth is on and almost entire auto sector is looking bright.
M&M is no exception…
Mahindra Auto sells highest ever SUVs at 41,267 vehicles, a 20%
growth, and overall, 75,604 vehicles in September 2023
(Farm equipment was lower though)
With MEAL (Mahindra Electric Automobiles Limited) churning out new visual identity and several innovations/partnerships in EV, there are a slew of new vehicles that are slated from the M&M stable, in coming months…
PS – invested and biased…do your diligence
PPFAS Financial Opportunities Forum (02-10-2023)
This time wont be different. If such high fund flows are into small cap, they will go down heavily with slight market correction. Howard Mark’s book about Market cycles indicate this very clearly. We are currently at peak of small cap funds rally. We need to exit small cap funs to save our profits and when picture becomes gloomy, then we need to re-enter. Small cap funds works like that only 2-3 years rally and then 1-2 years gloomy period. Small cap funds dont work like flexicap funds – secular growth. After watching this PPFAS funds , i redeemed my small cap funds investmemts partially and will go into flexicap at this juncture. That way this presentation was good for me. But i have not lost faith in small cap funds, only that i will return in gloomy period again.
IDFC First Bank Limited (02-10-2023)
If we go from BV side, then there is approx. 3% increase in last few quarters (except one outlier of 6.8% in Mar-23). Reverse merger will enhance it by 5% and QIP would probably offset it in equal weightage, so almost net zero impact from these two events. From that calculation as well, the BV goes to around 48-49 by Dec-24. Considering 3xBV, price again comes close to 150.
RIL: Is the ‘Reliance” on ‘Jio’ Justified? (02-10-2023)
What is the capacity of Adani Solar…???
Adani Solar is India’s first and largest vertically integrated solar company. It has a 4 GW manufacturing capacity for solar PV cells and modules. Adani Solar is one of the fastest-growing solar manufacturing companies in terms of capacity expansion.
Adani Solar’s manufacturing capacity has increased more than threefold in less than six years. The company plans to increase its cell and module capacity to 10 GW by 2025.
Will Reliance also manufacture Solar cells also???