I got wrapped on the knuckles a bit, when I did comment once on price based discussion but yes, Page appears weak. I am very concerned since it has not fallen this much in recent times, from the peak levels....I am planning to add more (already my largest holding), if it comes around 12k
Posts tagged Value Pickr
International Investing (15-09-2015)
If you do not mind me offering an advice - Please stick to Indian markets. Indian markets have a long way to go in the long term. We do not need diversification into developed markets. The time to invest in developed markets was in 1980s, not now! Though you can find multi-baggers in any market, broadly Indian markets should outperform US and other markets by a large margin - again on a long term (at least 5 years) basis.
Disclosure: I'm a normal retail guy not an investment professional and not authorised to provide any investment advice.
International Investing (15-09-2015)
Hope people are still considering international equities for investment.
I recently opened an account with Danish broker Saxobank. They allow investing in all developed market equities.
I am living in the UAE and have a USD account here. The process was quite straightforward for me and it took just 3 days to get the account open.
I am considering investing in US equities, as a diversification from Indian equities and Indian Rupee. Although, I do not intend to have more than 25-35% of my portfolio in US.
Page industries (15-09-2015)
I feel for a quality company like page with a strong cash flow business model we should value it for FY17. I might give an EPS of 310-320 for FY17. so currently its trading nearly at about 40PE for FY17. If some wants to load it its the time to accumulate again.Disc. Holding it for a long (since 2010) and largest holding in the portfolio.
Syngene International IPO – Views invited (15-09-2015)
Peter Bains, CEO interview.
VP CHINTAN BAITHAK GOA 2015: Ayush Mittal: IDEA GENERATION (15-09-2015)
Ayush - Congrats on your well deserved success. Always learn lots from you! One of the most self-less folks I've met thus far.
Havells India Ltd (15-09-2015)
Invested today at Rs 263 for which I had to overcome a physiological barrier of bulk of my earlier investment at an effective price of Rs 33. My reasons are
1. Asset light nature of business . 2. Value of brand. 3. Return of capital is being maintained at a satisfactory level of 25% plus .4 . The company has been establishing new plants and aquiring companies to expand and introduce new products .I believe these measures are likely to have a positive impact on sales and profits over next two years .5. The earlier disastrous experience of the company in aquiring Sylvania Europe is likely to temper any reckless approach in these proposed expansions .Once bitten twice shy !
Page industries (15-09-2015)
Agree, it appears to be a bit weak. Since we are already into 6 months of FY16, may be we should look at FY 16 PE at which it is currently at about 54 PE (235 EPS approximately). Page can maintain around this level given its strong parameters of sustainability and predictability. Disclosure: I hold.
Page industries (15-09-2015)
seems to be very weak. continuously falling by about 2% every day. currently down by about 25% from 52 week high. still at 70 pe though. is the pressure due to some fund selling out?
How to find if Tax is paid by company properly or not (15-09-2015)
Cross check taxes paid in income statement with taxes paid in cash flow statement. If taxes are paid at the usual 33% +/- few bps then it is not a problem. If there are variations we need to dig into further as to what is the reason. I usually start this way as if there are differences i try to find out is there any particular reason like SEZ or plant in a tax free zone. Then how much more time till the exemption stays. Usually the tax rate difference is the trigger. Apart from this commercial softwares for fundamentals can also help to screen companies with a lower tax rate