Hi I am holding Nahar Spinning for more than 2 decades but small quantity.The performance over the period is inconsistent or not constant.Above all, the promoters of all the 3 Oswal group companies are against the interest of the minority share holders.
1 Bindal agro oswal agro etc.
2 Vardhaman spinning, Varthaman Acrilic etc.
3.Nahar Spinnig,Nahar Capital,Monte Carlo, etc.
That is why all the Oswal Group companies shares except Monte Carlo are quoting very low P.E
Dis. Not invested/interested..
Posts tagged Value Pickr
Monte Carlo Fashions Ltd – Branded Apparel Stock at Good Valuation (10-12-2015)
Vinati Organics (10-12-2015)
Yes Vivek, that cannot be ruled out as @kkarunakar has pointed out…but if you see the Fund holding i posted earlier..Mirea asset has added good qty last month while HSBC continues to hold similar qty as they were holding in Mar’15 AR….both funds now holds close to 1% each…but not getting reported as it has been parked in two or more funds…
i also checked FCCB conversion thing…they raised USD 5mn from IFC in 2011 which got fully converted last year…issued sm 22l shares to IFC at conversion price of Rs 100/sh in Sep’14..and in subsequent qtrs dec-mar..ifc exited fully making 4-5x of conversion price…
now only concern and question is rampup of ATBS – as pointed out by @gagandeep_nanda – crude price correction impacted ATBS sales and its impact on topline growth….margins were held up nicely in 1st half which is smwhat heartening….with crude price likely to remain subdued…rampup of ATBS gets delayed impacting topline growth in medium term…
Vinati Organics (10-12-2015)
Perfect Chintan. Thanks for the quick research.
But still logically isn’t it possible that SBI or any other mutual fund might be willing to sell shares from one of the fund or part of any other fund. This is just a possibility. I think signalling to market of undervaluation might be another strong motive though.
Vinati Organics (10-12-2015)
Hi Vivek….you are right when you see only SBI Magnum Global Fund holding in isolation which is getting reflected under Public >1%..but other SBI Funds togather holds 21.9l shares in Vinati…if you go through their FY15 annual report, there are 5 SBI funds mentioned in top 10 shareholding…as of March, reported SBI MF holding was around 21.4l shares..hope this clrafies the doubt
Vinati Organics (10-12-2015)
I think there is something wrong with this data (But I remember SBI taking stake from Jwalamukhi which was actually c.4%)…..please see below from BSE (above 1% holding). Clearly SBI is the only one with more than 1% and it is holding 9.9 lac shares. Will still check with other sources and confirm by tomorrow.
Monte Carlo Fashions Ltd – Branded Apparel Stock at Good Valuation (10-12-2015)
The company is putting TV commercials. But the commercial has no appeal. All the participants read actor/actresses are girls but all of them were non-Indian. I could not understand who were their target audience. Their TV commercial work is really lousy and proves @Mayank_7772 point that it is one of their businesses.
Monte Carlo Fashions Ltd – Branded Apparel Stock at Good Valuation (10-12-2015)
I would request you to at least do some research before asking questions. I have raised an idea here and hope for inputs, not an interrogation and one way flow of information.
To answer your question, June quarter there was an adjustment that led to sales being booked for September quarter. The Company indicated the profit for September would be higher on this account and this was correct.
March quarter the revenue dipped due to change in the way sales are booked.
@Mayank_7772 – I will be PMing you.
Vinati Organics (10-12-2015)
@kkarunakar – regarding SBI MF holding they hold close to 4.24% stake in Vinati…smwer around 21l shares….the holding of 9.9l shares represents only one scheme…sharing fund holding details of Vinati as of Nov’15 from CapialLine…i dont think SBI is looking for an exit…
Monte Carlo Fashions Ltd – Branded Apparel Stock at Good Valuation (10-12-2015)
Quite nicely summarized. Here are my 2 cents
– u have highlighted the key risk quite well especially RPT
– for promoter, its not the only business in textiles/garments – it is just one of the business. They have other businesses in garments which are really mammoth in size
– just a perspective – they have the first mover advantage some 20-25 years back and where they have reached. MC is a brand which was synonymous with sweaters but when we look at the scale of operations (sales) – i was never able to connect
– Price seems okay, even Samara paid around that 3 years back. But still i have to search for value..
Above mentioned text raises more questions rather than answers. And for me, there used to be even more – when i was closely associated with the group for some equity related activity. Since then i have not tracked it & still at this price, it does not excite me. Wont like to elaborate more on this on a public forum – feel free to PM me, for any specific query – if you are really enthusiastic for it
Lastly – The things might have changed and i might not know. So i deserve the right to be wrong. Needless to say, no holdings
Best
How to go long with leverage? (10-12-2015)
Totally depends on which stocks at what price you buy. For a salaried person, who is already fully invested, it is a good thing where u can temporary increase leverage in situations like this week and then being it down over time.