IRM Energy – Notes.pdf (2.7 MB)
Sharing my analysis notes and my thesis on this company. Would love to hear views of expert VPs here.
Posts tagged Value Pickr
Macfos Limited- A niche E-commerce Company (10-09-2024)
(post deleted by author)
Identifying multi baggers (10-09-2024)
I am sure you must have many questions, so if you are interested, spend time going through this forum. There are hundreds of threads, go through them in whichever way you want to, and you will find yourself in a better position at the end of this exercise. It may take a few weeks, a few months, but it will be good.
Mudit’s Portfolio (Stage Analysis + Price Momentum) (10-09-2024)
I will try to think aloud here about this strategy.
At Valuepickr, where majority members are doing business analysis, trying to find valuable companies , understandig balance sheets, and annual reports, concalls, line by line, this quantitative momentum seems very alien. But lets give some thought to it, what exactly its trying to achieve.
But before that, we will see how our index , or for that matter any major index of any country, how its constituted and how its changed over time. Do you think, Sensex or Nifty or S&P 500 are formed by their committee by doing business analysis, their valuation? Do you think they see PE ratio, PB ratio, quality of promoters, business moats and then enter the stcoks in Index. And remeber these Indexes are followed all over the world and its an indicator of overall equity market of that country and most institutional investment happens in these Indices.
The basic structure of Index is, they are market capitalization weighted and selected in Index on the basis of their size and liquidity of trading. Any stock which gets place in Index, has a history of strong performance behind it and it becomes big and eligible to enter into Index. Like recently Trent is entering into Nifty 50 Index. Have theyr considered its PE of 200 before making it part of Index. Similarly LTI MINDtree and DIVIS labs are gpoing out of Nifty 50…Is it because they have lost their moats?
a Big No. All Indices, inluding Nifty are based on quantitative momentum but with a large view. They are also rebalanced every six months and most performing ( price wise) and most liquid are taken inside. And less liquid and non performing are thrown out.
So even if we feel and think , this strategy is alien, actually its practised everywhere and from long long time in one form or the other, with difference of screening criteria.
Journey of a Small Cap investor! (10-09-2024)
Rightly said. It is foolish to be sentimental about stocks. After all, we are investing for gains. So it is essential to take timely action. All around us we see commodities are in downtrend in general and iron/steel in particular. So to protect profit is essential. You will live another day to take advantage of the situation.
GPIL is certainly best among all iron ore companies, but it can not remain untouched by turbulence in the sector. In my opinion, it is high time to trim own’s exposure to this sector and if there is not any suitable sector available for investment, it is better to sit on cash .
Godawari Power – Any Trackers? (10-09-2024)
Simple question!
Can GPIL double from here in next 3-4 years?
Mudit’s Portfolio (Stage Analysis + Price Momentum) (10-09-2024)
@ChaitanyaC You are right. When overall liquidity decreases, money flow is no longer there, that time number of stocks doing fresh 52 week high or All time high decreases. Overall market starts declining in that scenario. So whether you are a value investor, Deep value, Growth, GAAP, GARP, all the strategies will suffer that downfall. Everybody will go down. So no surprise that momentum strategies will also suffer. But in quantitative momentum, you will have a way out of market.The strategy will automatically will push you into cash. While in buy and hold strategies, you will keep on holding and bearing the whole downturn. That way, contrary to popular belief, quantitative momentum will by design have lower drawdowns. In case of breakout strategies, which many members here follow, like @hitesh2710 , they have experienced in 2018, in such low liquidity bearish market, breakout patterns fail consistently and its very frustrating. Also in quantitative momentum @visuarchie , as market starts turning from bear phase to bull phase, you are automatically pulled into buying stocks when overall index starts coming up above 200 day moving average. So overall strategy itself forces you out, when market is not favourable and it also invites you in, when tide turns. You dont have to have any selective bias of entering and exiting.
Camlin Fine Science Limited — Looks interesting but some way to go (10-09-2024)
I am betting on reversion to mean in this counter and historical numbers are decent. My information is limited to what is available in AR, concalls and management interviews.
Hi-Green Carbon Ltd – Play on Renewable energy endeavoring wealth from waste (10-09-2024)
A lot of learning to start for someone who has no background on the company. Thank you Vinayji🙏
Sugar Cycles: 7-8 years of losses followed by 2-3 years of super gains! (10-09-2024)
Totally agree on your observation
Bagasse and Steam … already discussed another aspect is Sugar recovery
The sugar recovery rates in the country are low when compared to many other sugar-growing countries.
Every 10-bps improvement adds 2-4% PAT without incremental Capex.
Share your opinion