The stock rose 18% in todays market ( the day after the Bihar results were announced ) with a quantum jump in volumes.
Price today : 580
Mcap today : 410 cr.
Thats a 33% return in one month since the thread was initiated 
Disclosure : invested...now 19.5% of portfolio with this rise. Will trim position soon to rebalance portfolio
I really think you people sometimes over analyze a stock. I never bought Page but have always envied people who own it.
Its a brilliant story. Look at the brand. Look at their stores. Look at their advertising. See the crowd in the shop. See lack of options for the discerning consumer. See the potential of swimwear and body shapers.
The way this company runs, I will be very surprised if its not doing well even 10 years from now. You can sell the stock in 10 seconds..but think about it...will you ever have the chance to own it again if it bounces up from your sell price. I think not.
Enjoy the ownership of this stock and relax !
Disclosure : not invested. wish i had. will definitely own it one day.
Current investment of 59.07Cr is same in BS of March 2015 and Sep 2015.
What company is going to do with these amount. What is the purpose of rising more funds than required?
I think it is getting ready to deliver better growth. EBITDA grew 35% yoy mainly due to 3%+ expansion in gross margins. It is ticking all the boxes by reducing debt, increasing dividends and increasing cash on the balance sheet. Don't know what caused massive drop in other income and increase in tax rate. Without these it was headed to 35% growth in Q2 EPS. It is too much to expect an elephant to run too fast that too in the rainy season. However, raw material benefits will keep EPS growth good enough for the next few quarters at least.
Hey team! There seems to be a clear divergence in terms of valuations of various HFCs. Despite consistent performance for almost a decade, DHFL struggles to trade at a book value relative to it's peers.
The issue clearly seems to be alleged promoter integrity problems. Let's address this HDIL issue head on.
What is the allegation exactly? That there is cross ownership, and that the HDIL promoters may want to use their stake in DHFL to influence decisions that enable them to siphon fund, Is that the issue? The shareholding pattern suggests no such thing don't know about benami though.
So if there is no cross ownership (since the 2012 parting of ways) Clearly the market cannot punish a company because the cousin of the promoter indulged in misdemeanors in a completely different company. This doesn't make sense. What am I missing?
Would really appreciate it if someone can educate me on the allegations against DHFL in particular not HDIL. I googled the issue and followed the story from 2009 to date, I don't see any thing that should raise concerns.
Moving on, on a side note.
A not so bright thing DHFL did recently was to move most of its offices from the HDIL building but still maintain a floor or two and call it headquarters. Why couldn't they just completely get out of the building and have no connection or association with HDIL is beyond me.
Is year on year no growth in revenue any cause of worry?
q2fy15 - 532 cr
q2fy16 - 533 cr
Avanti has also shown decrease on cost of material consumed
q2fy15 - 429 cr
q2fy16 - 405 cr
which resulted in 29% YoY growth in Net Profit.
I tried to compare these number with only other listed feed company Waterbase but this does not look like industry trend
revenue
q2fy15 - 82 cr
q2fy16 - 99 cr
cost of material consumed
q2fy15 - 42 cr
q2fy16 - 48 cr
Any insights?
Hey Chintan, thanks for your honest view on the Uplands and beyond 5 projects.
From their most recent press release -
Uplands - Total units available for sale 282, Units booked till data 94. Exactly a third (Pre launch) Based on the pictures posted in their quarterly presentation, I don't think even the gold course is ready yet let alone a model villa. And the targeted completion date is 2020. So I would assume super early days, in spite of having nothing to show far, no golf course, model villa, I'm quite surprised with the response they have received. Did you get a chance to visit Uplands personally? Your views / scuttle but with the on site staff about response etc. will be greatly appreciated.
Beyond 5 - Again, super early stage of the project apparently (would appreciate it, if you can update us on this if you have visited the location) Totally agree with you (I have the same point of view) don't understand why people would want to buy so far away from the city. But keep in mind this is just a weekend home, a get away from the noise & pollution of the city, so not too sure how relevant things like no grocery stores etc is, as it is meant just for the weekends.
Since you are in Ahemdabad, as and when you get the time could you maybe visit these locations, speak with the actual on site construction supervisors to get their views on is construction delays if any, the customer profile (who are these people that are buying these villas) so that we can get a more qualitative understanding of Arvind infra's biggest projects?
It would be a great help if anyone from Ahemdabad could do this.
Thanks
With most of the good companies reporting flat growth, page seems to be doing alright. I am looking forward to a turn around in the next quarter due to festival season.
Disc: Invested
Agreed Chintan. But I think Golf Villas make sense somewhat far from city boundries only. I mean it will take crores to get a golf villa near 5 km from Ahmedabad since as I understand the areas in outskirts are currently priced at hell expensive rates.