cant understand what is the reason for locking a thread ..
can any one please clarify ???
Posts tagged Value Pickr
Kitex Garments another Page industries? (24-09-2015)
Duke Offshore – Hidden Gem? (24-09-2015)
Hi Sri,
I feel the Co. has a niche in the sense that the work it's doing will not interest the big boys. What stood out was that the mgt was fixated about costs. Small things like calling the AGM in the office, which itself is not fancy, located in a residential bldg. CMD himself highlighted that the Co. did not employ any peons & they all made their own coffee! You could of course argue that this is not a mantra for success, n you may be right. This mind set however comes in handy when it comes to bigger decisions like buying the new OPV. Apparently there are lots of vessels for sale floating around, but the mgt is looking for a distress seller. The first OPV had a payback of only two years!
However, this is not a Co. to be reviewed every qtr. There is an element of seasonality in the business. If one is looking to make a fast buck, then perhaps this Co. is not the one. I feel that with a bit of luck, this is one investment that could stand out provided one is willing to be a little patient.
Kitex Garments another Page industries? (24-09-2015)
Hope VP forum doesn't go in TED forum way of subjective locking of threads.
Varun 2020 portfolio – 2 strategies (24-09-2015)
Hi Varun - Your yesterday's additions AXIS Bank, CARE and Delta are long term bets or for short term trades ?
Dhiraj
Duke Offshore – Hidden Gem? (24-09-2015)
Hi Rajeev Ji,
Thanks for your note on the company. Can you provide us with few pointers on:
- Competitors, if any
- Is the Management ok with debt funding?
- Personality of Mr. Avik Duke
Duke Offshore – Hidden Gem? (23-09-2015)
Where is the moat in the business of buying and leasing out patrol boats. Seems a relatively simple business with little entry barriers.
Also maintenance of boats is not a specialized job. Maintenance of platforms - this also would be tender based i guess.
In all likelihood the govt / navy projects will be awarded on tender basis.
However, the stock seems to be quoting at good valuations.
European Stock screener (23-09-2015)
Dear members,
Does anyone of you know a webpage where I can extract European company 10Y financials??
Thanks
Pankaj
Kitex Garments another Page industries? (23-09-2015)
Why is there a new thread on Kitex? Why have admin guys locked previous thread for more than 30 days?
Just like a market have a people with various views and booms and busts and long and short positions based on greed and fears of investors/traders a healthy forum should have people with diverse views.
Although I agree to the prospect of cleaning up the thread to get the real sense of things rather than just prove point to others but that doesnt mean we can just permanently lock out.(why more than 30 days?)
Also the perversity of allowing to create a new thread on same company when stock started raising doesn't seem logical either.(I believe admin doesnt have control on new threads being created everyday). In any case i would believe the admin unlocks the kitex thread asap rather than just allowig us to thump our chests when stock starts raising and start discussing things all over again stating how good the company is and how big the mkt is and how well professors researched etc...
Duke Offshore – Hidden Gem? (23-09-2015)
I attended the AGM on Monday. As there were only 3-4 shareholders present, it was more like a one to one with the CMD, Mr. Avik Duke. The Co. should see steady growth year on year as the base is relatively small. The growth going forward will come from the acquisition of the second OPV (Offshore Petrol Vessel) which the Co. plans to lease to Cairn India. This should happen around December / Jan. The first one is under contract with British Gas.
In addition the Co. owns about 10-12 FIC's (Fast Intercept Crafts) which have been leased to the Navy to patrol around the harbour area. The other revenue source is the maintenance of these & other FIC's & OPV's.
The business will always be needing funds to grow. My reading is that the mgt is looking to raise money in due course to grow, but will look to dilute only at premium valuations. All efforts seem to be in that direction. It's 3 year vision is to have a base overseas where business opportunities are much more.
On the whole, the mgt. seemed genuine & capable of scaling up the business. The investment in the Co. to my mind has the potential to reward handsomely over the next couple of years.
Disc: Invested
Kitex Garments another Page industries? (23-09-2015)
The management is quite positive about achieving targets after dismal Q1. Is this another page industries in the making?
Your views are welcome..!!