Hello. Is there a link you can share of the source? Thanks
Posts tagged Value Pickr
Ugro Capital – Opportunity To Invest in a Fintech-like Company Below Book Value (16-07-2024)
Not sure but SCF (supply chain financing) is a low yielding, short term loan. Since the capital itself is scarce in this high interest rate environment they would like to focus on higher yield retailer financing(including micro enterprise financing).
This is what everyone is doing in the peer group. This could have limited short term impact on the AUM but will result in the higher ROA in quarter to come. They have a larger data set now to assess the credit worthiness of MSMEs and could be leveraged to acquire quality customer.
This aligns with the management guidance and commentary. Having said that, let’s see what management has to say in the concall.
Ugro Capital – Opportunity To Invest in a Fintech-like Company Below Book Value (16-07-2024)
If you look loan book grew at 9% CAGR in previous 4 Qtrs and gross loan origination at 7.5% CAGR.
If we extrapolate this the AUM and GLO should be 9725 Cr and 2219 Cr.
Actual numbers in current quarter (9200Cr and 1840Cr). So total degrowth due to less new loan is 2219-1840 = 379 out of total of 9725-9200 = 525.
So it seems all of the de growth in loan book is attributed to both foreclosure and and de growth in new disbursement (could be attributed to rundown as per commentary in presentation). But mostly it seems like this is the reason and not foreclosure.
Disc: Invested and Biased
Eco Recycling Limited (Ecoreco (16-07-2024)
Collection is the biggest challenge for this company. Rest it has all the ingredients.
Ugro Capital – Opportunity To Invest in a Fintech-like Company Below Book Value (16-07-2024)
Do they asked vendor to prepay if not then reason for this dismal growth…now would have to listen to managment concall .
DIY Momentum QnA and Discussion (16-07-2024)
Thank you.
You are referring to Growth+ Momentum strategy, infact that is adding another factor to Momentum strategy itself.
Books say pure momentum strategy outperforms the diluted one.
Having said that the only thing comes to our rescue during crash or draw down is fandamental of the company and topline, EPS growths are a part of that.
So make a list of stocks as per your criteria and apply momentum strategy on those, you may not be achieving extra ordinary returns but your drawdown will be better than Pure momentum play.
Ugro Capital – Opportunity To Invest in a Fintech-like Company Below Book Value (16-07-2024)
In the presentation they have mentioned the reason of lower AUM. It is not clear if why new disbursement has reduced significantly because of same strategy. I agree nothing positive in the update.
Notable rundown in lower yielding
SCF AUM (Vendor and Dealer
finance) over last 2 quarters. Focus
now on building higher yielding
Retailer financing book
Zen technologies – A micro cap in the defense space! (16-07-2024)
Isn’t getting into new products in adjacencies good for the company even if rather than being indegenious they are system integrators??
Hariom Pipes Ltd: A Capex Play! (16-07-2024)
Venus is not a competitor
Both are totally different:
Hariom is in ERW Pipe segment & Venus is in Stainless Steel Pipe segment
Apar Industries (16-07-2024)
The Company intends to do capex of 350-400 cr/year. It will be Combination of brownfield expansion and debottlenecking.
I’ve written a detailed note on APAR some time back (APAR Industries - by Pankaj Garg - Pankaj’s Substack)
IMO, mostly the QIP money will go to gross block.
Technically I’m being patient with the stock as it is consolidating near its highs. Everytime it makes a new high and goes back. Lets wait for the sector rotation to power sector again.