Excellent article for all those who want to understand the royalty payments issue
http://capitalmind.in/2015/11/guest-post-the-royalty-mess-at-kaveri-seeds-by-ravi-duggirala/?curator=alphaideas&utm_source=alphaideas
Discl - Invested and looking to get out (didn't understand the risks in this business)
hi @amitsethiya4u,
US business is still very small for Ajanta. US business contributed just 5 cr in revenues for H1 FY16 compared to AP's total revenues of around 800 cr for H1 FY16. the domestic and africa business will continue to be main growth drivers for atleast next 2-3 years.
Pattabiraman
It's working fine. Thanks.
What will be the impact of the whitefly attack on cotton crops in Northern India on Bt Cotton seed companies like Kaveri Seeds? Looks like there will be some severe short term impact on the sale of Bt Cotton seeds. Not sure, if the company can turn it around over a longer time.
any impact of Dr Reddy's oncology facility getting warning letter from US FDA for Shilpa? Do they have any common products?
Disl: I have investment in both the companies
AND NOT TO FORGET....Warren buffet's berkshire currently holds 69 newspapers.....with over a dozen acquired in the last few years.
In warren's words.....' the economics of a typical newspaper may not be as good as they were say 2 decades back. But as far as delivery of local news is concerned( like what is happening in a particular city, what happened in a local high school match, local real estate prices etc)......newspapers still reign supreme'.
Therefore buying into newspaper companies might not be such a bad idea.....specially in India where the penetration of the internet is no where near the US.
DISC- Invested in Jagran Prakshan at Rs 134
I attended conference call. The decline in Waiting period for Royal enfield was main concern due to which price have declined. At current market price, the stock is trading at trialing Twelve month PE 55 (EPS Rs 305) of around TTM profit growth of around 48%. I find stock attractive but given the significant decline in market, I would not be suprised if stock goes down below 16000/-.
Discl: I hold Eicher shares and my views may be biased. Investor shall do their own due diligence before investing.
It would help a great deal if the hypothesis (if it is pushing an agenda) is flattened with a few sharp questions from the Valuepickr veterans. I understand that they are not obligated to do this, but, would be a great help to the larger community.
Absolutely. Super numbers by Deccan Cement. Company can become debt-free this year. Can anyone tell what was capacity utilization in Q2 ?
Disc : Holding
Was on the management call today.
The MD said that the margin contraction is due to inventory losses booked in the quarter. Net of inventory loss, the business is running at a steady 28-29% gross margin.
He said that if inventory losses were to be ignored, Q2 would have been the same as Q1FY16. In that case the PAT would have more than doubled compared to Q2FY15.
He also said that he doesnt see losses on this account in Q3.
The story remains intact...added some more position today at 720.
Mcap when posted : 1261cr
Disclosure : 13% of portfolio. average cost of acquisition is above 800