Thank you @Doonsrini .
Thats a perfect document explaining Dupont Analysis.........
Thank you @Doonsrini .
Thats a perfect document explaining Dupont Analysis.........
Surprised that no one has asked this question - the biggest moat in this business is access to the mines. How can a company like this get access to mines without paying royalty/bid amount etc. Won't this come as a national reserve where you have to pay revenue share/royalty to government for the licence.
how did they get this mine out of thin air ? And more importantly, if they had it all along, why did'nt they not develop it themselves or outlicence it to someone. its' not easy to get 14 mines like this unless you have "connections" in India. also, there is no amortization/royalty amount of Rs. 19 lakhs which is chicken feed which happens with every precious natural resource where one has to pay for licence/revenue share.
can someone pls answer the above pls ? does quartz come under natural resources or not ? It is a mineral for sure and hence should come under it.
foreign currency debt, low taxes, carry forward losses and sudden change of fortunes are things I am not able to explain. their fortune coincides with last year's election verdict. has someone met the management and asked them on this
Ya its time to load.but unfortunately i had loaded it to my neck. Cant load more as it will very seriously damage portfolio allocation. Now days looking at the price i sometimes take some dip breath and stop watching the market.
I agree, 100% equities until I turn 40 at least!
Well background helps but nothing beats Passion!
Cheers!
That's younger than me for sure (33 yrs). Save and invest sensibly a lot now and you will reap disproportionate benefits down the line. With a right to go wrong, stay in equities, no gold, no bonds. Over long term equities will beat other avenues by a long shot. Lynch - I love him.
Looking at your work background - You know a lot better than me!
Absolutely agree with you, 16% sales growth for the last quarter is on the minds of the investors. Management has clarified (hopefully, they are right) that it is one off and growth should resume from Q2. Given that it's at high PE as well market is taking its time. But once Q2/Q3 provides the normal growth Page usually sustains, the price should catch up - as you rightly said.
I usually go back to what was said in investing books during these times (Buffett, Lynch) - there might be quarters where the growth may be a bit slack but companies of Page QUALITY generally over time recovers. This is usually a good time for accumulation.
Thanks, I am still refining my asset allocation depending on my profile.
Constructive thoughts from others definitely help.
By the way, I am 29, hope that qualifies as young!
I am a CFA charterholder and working in M&A, Asset management since 5 years, so I believe that also helped me.
Regards
ya it could rise viciously provided it again start to run on the same 25+ sales & growth track. Actually last qtr. result was the main reason why its soo weak. Moreover everyone is waiting for a imaginary fall of Nifty towards 6800 and delaying the purchase. can't find a fault there.
Different perspectives, needs, necessities make the market!
I agree with your above thinking. It looks like you will now have more money to invest and have a chance to increase portfolio size. Do what makes you feel better and at the same time with the present correction good quality stocks are at good accumulation prices in Indian markets, so invest a bit here too at these prices!
All the best and looks like you could be relatively young and nice to see matured thinking on savings and investment.
May be we should look at past data - Page touched 200 day moving average during the August 2013 correction. The present correction reminds me of that time. We are a bit below 200 moving average now and Page getting into F&O will have its impact on volatility both on the downside and upside. I think even on the upside Page could rise viciously.
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