this advisory service has such big impact?think Vietnam plant has commissioned or current qtr perf is good
Posts tagged Value Pickr
INDIGO ready for takeoff :airplane: (11-11-2015)
Still not convinced.Please go through RJ interview explaining his conviction on Indigo
Can you imagine he invested Rs 300 crore, he has taken away Rs 3,500 crore as dividend? The Return on Capital (RoC) is 300 percent. And if you just make his first quarter's earnings into four he will earn about just 640 multiplied by 4 is Rs 2,600 crore which is about Rs 80 per share. Rs 80 per share what price is it coming. At 765 it is coming at 10 times earnings and I am very bearish on oil prices. I don't see them going anywhere in 3-5 years. So, it is a leader, the industry - one large player is shrinking, others don't have money, he has got the largest planes on order, he is the lowest cost operator. It is a no brainer
discl- bought more today
A Gentle and Practical Introduction To Value Investing (11-11-2015)
I have been following Jana on Twitter and also through his blog and have been pretty impressed by his thought process.
Entertainment Network India Limited (ENIL) (11-11-2015)
desaidhwanil,
Latest presentation of 2Q16 shows a debt of 139cr. mgmt previously said cash balance is sufficient for phase - iii auction fee, looks like it is not the case now.
Also can you help understand why do you say roe is not good measure for enil? investor will not benefit if most of the accumulated cash is used for frequency acquisition right? I was expecting roe to reach some good number after some time from frequency auction. Is that expectation wrong? last 10year/5year/3yr roe from screener is 10.25/13.6/13.87 which is not great number.
Thanks in advance !
Indian terrain—play on consumption (11-11-2015)
@dhawaldoshi
Management indicated that 16 crore would be funded through accruals & debt. Can't understand their rationale.
Boom before Bust – when does the bubble burst? (11-11-2015)
BALTIC INDEX WARNS OF DISASTER CLOSING IN
https://www.dollarvigilante.com/blog/2015/11/10/baltic-index-warns-of-disaster-closing-in.html
REPCO home finance – another Gruh in the making? (11-11-2015)
If we see the HFC space, only HDFC, GRUH and REPCO seem that they can continue to grow at 20-25% for long time without diluting thier equity since they have high ROE.
If we look at LIC, GIC and CAN FIN HOMES they have less ROE due to lower margins and hence to keep growing at 20-25% will be a challenge and they will have to dilute equity to maintain the CAR of 12%.
So is REPCO which is trading at 4-5 X P/BV still a good buy ???
A Gentle and Practical Introduction To Value Investing (11-11-2015)
In order to deepen my learning on value investing, I have started teaching it for free in the US. You can find my detailed lecture notes at https://goo.gl/lbtB6N. The lecture notes is a work in progress. The course outline can be found at https://goo.gl/rkdtih.
Regards,
Jana
Automated Stock Analyzer (11-11-2015)
Update: Value Research has now made it mandatory to log in to see financials. So to download financials via Excel, the user will have to first login to VR via Internet explorer (be sure to check 'remember me')
REPCO home finance – another Gruh in the making? (11-11-2015)
A key credit risk I would monitor is their average ticket size. I would prefer that they continue to lend smaller amounts to larger number of customers, than larger amounts to lesser no. of customers in their quest for growth. For the segment they cater to, granularity is one major risk mitigant. I was not happy with the increase in ticket size ( had a similar observation in June quarter also). A single 20 lakh loan defaulting would mean the entire 20 lakh has to be classified as NPA. And this event is more likely than, say, 4 customers with 5 lakh loan outstanding all defaulting together (although not impossible). While one can argue that it continues to be secured by almost double (Loan to value ratio of 50%) however recovery by repossession and resale is not easy.
Otherwise, Repco has a lot of things going for it - reduction in interest rates, improvement in credit ratings, market size etc.etc.
Discl - core long term holding. no recent buy/sell.