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Posts tagged Value Pickr
Conart Engineers – debt free, cash rich infrastructure company (06-10-2015)
Right now, all the information I have is in the original post. If I get anything else, I'll add it here. Good luck.
Waterbase – Can it be Next Avanti Feeds? (06-10-2015)
Thanks for the presentation. It is very exhaustive in detail
Satin Creditcare Network Ltd – Reaching out! (06-10-2015)
Issue is of v low floating stock in Satin.50% of float is with PE players & 36% with promoters.Some shares are still in physical format only as issue had come in 1996 & there has been no dividend given since then.
There are 4 cos Megh Secirities,Bhawani finvest,RajSonia consultancy & Linkage securities holding nearly 10% holdings.Which are tehese cos?Can someone do some work on these cos & tell more about them?
Little buying and price shoots.Buyers beware.
GRUH Finance – mini HDFC (06-10-2015)
I can explain what is wrong in the calculation that @richdreamz posted...
Let me try first - from a pure business point of view....
By that calculation - Gruh would be raising 3164 crores of fresh equity. Assuming a 6x debt leveraging - this means that the loan book can potentially grow by 22,000 crores. That is the loan book has to grow from current 9000 crores to 31000 crores. This would take another 5 years at the least... So, why would anybody give so much of equity capital???
Let me now try - from a purely analytical point of view....
Assume that Gruh was today valued at a stratospheric 50x P/BV (or even a 100x P/BV)... Apply this to the calculation - you will find that Gruh is undervalued after the equity raise!!!
I don't have any calculation to offer from my side - simply because I still don't know what exactly you meant by the hypothetical situation...
Regarding the tone of my post - I think it is a communication gap. I am merely writing what I am thinking. Nothing more, nothing less.
GRUH Finance – mini HDFC (06-10-2015)
I dont like the tone of your question and hence would refrain from answering you.
You need a few lessons in the use of proper language esp when you are asking someone questions. It seems you are asking questions trying to prove a point rather than trying to get something out of the question.
If u find richdreamz's calculations misleading then u can do some effort of your own and put up your own calculations and we can take it up from there.
I know you have got a bee in your bonnet about HFCs but I wouldnt be bothered with that.
Hitesh portfolio (06-10-2015)
Yes FDC seems to be approaching fair valuation now.
MPS Ltd (06-10-2015)
True....if the acquisitions doesn't materialise in coming few months, the acquisitions done after that will need to be right and perfectly right otherwise a very bad example will be set by the management for the investor community which will be very detrimental for company's long term fund raising prospects.....if management is comfortable of its company's valuations, then no rationale management with zero debt will dilute equity without concrete proposals and no concrete proposals can take more than six months to seal......In today's dynamic world, time lost is opportunity lost and so a slight right decision taken late could be as good as wrong when you have already slipped to 10th position from 5th position....I am sure Mr. Arora is aware of this fact and so if he is taking more time then we might see a very good game changer acquisition....let's keep our fingers crossed.
Rgds.
Satin Creditcare Network Ltd – Reaching out! (06-10-2015)
The company has grown the loan book very, very aggressively from 50,000 Rs to 2150 Crore Rs, over past 25 years, roughly CAGR of 60%.
Importantly, past the 2011 M.F.I. hump, company has returned to same growth!
In North India the competition is relatively benign in Mirco Finance sector.
The key risks I.M.H.O are political. This may be a good trading bet.
Tasty Bites: A proxy play to India’s QSR industry (06-10-2015)
a) 5 years of 25% CAGR.
b) Last year US (RTE) Business grew by +25%, domestic business grew by only 8% (FSSAI issue).
c) Aggressive growth in both segments this year. Do not give explicit growth targets,
d) Market reach in US doubled from 8000 to 16000 (out of 36000) outlets in one year.
e) FSSAI issues impacted India launches (Rockr was rejected). New launches this year Rockr Burger (KFC), Chilli Paneer Pockets (McDonalds). FSSAI no longer required to approve products as per supreme court order.
f) Started operation in UK this year. UK RTE market largest in world for Indian foods.
g) RTE market share for Indian food bigger than all other players (Haldiram, MTR, ITC etc.) combined.
h) Limited impact of food price fluctuation.
i) Working with local chains like FAASO's.
j) Working on complete organic foods and will launch them in two years. Sourcing everything organic is very difficult. Working with farmers to grow organic rice etc.
k) Entered into a tie-up with Wendy's UAE (15 stores) for QSR supplies.
l) Capacity utilization of various divisions: RTE (80%), Patties (60%), Sauces (50%).
m) New capacity to be added this year in RTE business. Capex plan 5.5 cr for one additional line (existing two lines).
Kagome Impact:
a) Largest manufacturer of Tomato Ketchup worldwide with far superior quality.Looking to develop tomatoes with Kagome help.
b) Will be using Kagome's research in agricultural technologies.
c) Use each other's distribution network.
d) Kagome's name gives an easy entry in quality QSR, example cited was Wendy's UAE.
Conclusion: Came out highly impressed with management.Entry into UK market +ve for RTE. Newer products with McDonalds, KFC, FAASOS shows traction in QSR. I liked their response on dividends where they said as long as we are able to deploy capital generating significantly higher returns than cost of capital the dividend payouts will be limited. Post that period they will increase significantly.
Discl: Holding from lower levels.