In my opinion, a single stock should not occupy more than 33% no matter how good it is, for the simple reason no one is 100% sure about the future stock price movement and company's situation 5 years down the line and in the worst case you will not loose more than 33% of you portfolio money.
Hope u got the point(I am talking about 67% allocation on a single stock Granules).
Hello All,
First of all, the past of this company was not great, however the present developments and as per management's commentary in the latest AR, the company has started the E Commerce venture and when I checked the websites for this E Commerce they looked good.
They have around 7 different website to shop different kinds of things and all are linked to the main web site of the company : http://www.niharonline.com/
As per management this is India's first multilingual movie and entertainment portal launched in English, Hindi & Telugu with good number of views in past.
Now the big question is, will it be able to attract customers and compete the unlisted bug giants Flipkart, Snapdeal etc.?
Well, that's a quite tough job because on today's date, maximum people do online shopping from these giants say Flipkart/Snaldeal.
So, it will cost huge for any new E Commerce player to promoter them and reach to the user and advertisement cost. However Nihar has one advantage to reach customers which is that----the main website contains the news on recent movie, politics and I have seen their presentation is good with content and picture of recent political development and recent movie of Bollywood and South Indians and I think the South Indian people are following this website on a regular basis----and on the top of this site only they have put the links of the E Commerce shopping website with appropriate signs , so people who are following this website they might check these links as well and if they likes the products/price then they might shop.
So it is comparatively easy for Nihar increase the viewers and user base which is a good way to increase customer base on E Commerce website.
The more people visits their main website for news, the more chances of checking those E Commerce links, the more chance of shopping, provided products are good with competitive price.
Company has tied up with many brands/suppliers to sell their products on Nihar's E Commerce websites and disclosed all the details to the BSE.
Company has clarified BSE on the reason of increasing stock price and in that reply it has mentioned all the recent development.
Please check the document in this links which contains all recent development.
http://www.bseindia.com/corporates/anndet_new.aspx?newsid=3efa0878-48ac-4588-8bda-68f295839191
Action Points: Now the company has created those E Commerce websites, management has talked big in the latest AR, but can management walk the talk and make it a successful venture?
To get idea on that, we will have to dig it further on the promoters quality, seriousness on this ventures, ground actions, business model for E Commerce, and the expected revenue which company can generated from this E Commerce venture. While I will continue further investigation, I would request all the Valuepickrs to investigate further on the above mentioned things and get out with the details.
I have not talked about the financials, market cap, stock price because we will check those things only after we think the ventures itself can be successful, if we think it cannot be successful then it will be a reject before checking these market cap, stock prices etc.
Link to AR 2015:
http://www.bseindia.com/stock-share-price/stockreach_annualreports.aspx?scripcode=531083&expandable=0
After all the investigation if we think it can be successful then we can think about investing in this company, not before that. Any company can start any venture but we will have to know whether that will be successful or not , so it is very important to investigate these types of ventures in detail before investing.
Disclosure : Not invested.
Awaiting views from all Valuepickrs.
Vivek,
Recently talked to a friend from the fastest growing MFcompany, currently spreading its operations in Gujarat and also got small bank license.
I asked same question about negligible NPAs on books. Reasons for low NPA could be -
Another interesting read
http://www.livemint.com/Opinion/vKWsSxGepyqdNP4hNTrw7H/Indian-microfinance-institutions-have-just-busted-a-myth.html
Discl : Invested
By the way there is a wild card entry in the name of Elantas Beck and to a a certain degree we can consider Excel too here
Please note that the portfolio is just 2-3 months old.
I am looking on Skipper Ltd, Vakrangee, Premco Global, KSE & Vinati Organics as potential replacements for Caplin Point.
I want to stick to 5 or less stocks as I believe fewer stocks leads to more deviation from the market returns.
The very skewed nature is on purpose because I am looking to grow my portfolio aggressively but I am open to opinions.
Please do note that the amount invested is around 25% of my net worth, so its a significant chunk! I am more keen towards investing for a 10-20 year horizon.
I would love to have some opinions.
Walmart USA's sales for Quarter ending July 2015 grew by 1.5% for Like to Like stores. Amazon's US sales for quarter ending September 2015 grew by 28% for the same period.Growth is being taken away Amazon - no doubt!
Walmart is growing only in the neighbouring stores segment (7.5%) mainly in foods where amazon is still testing its service.
Thought the following information will help analyzing Pokarna (w.r.t availability of Quartz mines)
Googled and found the below PDF (available from Indian Bureau of Mines - IBM)
http://ibm.gov.in/writereaddata/files/05082015162012EXPIRY%20AFTER%202014.pdf
This PDF has information on the lease expiration for various mineral types (for companies/lessee). Couldn't find an easy way to export this info to XL for better processing. On manual search I found one entry under "Quartz" for Pokarna
Company (Lessee) Area (in Hectares) Lease Expiry date
POKARNA LIMITED 21.86 05-MAR-18and multiple entries for Chettinad (or entries with keyword Chettinad) with a total area of ~20 hectares or so. But I did notice few other companies/individuals having leased out in 50s/100s of hectares of Quartz quarries.
Used the following link to query on any pending applications with IBM and couldn't find any hits for Pokarna
http://mcas.nic.in/Mining_plan_web_Query.asp
Based on the above info, Pokarna + Chettinad (related groups) seem to have around 40+ hectares of Quatz quarry leases and from one of the above posts I did read that Pokarna's Quartz quarry is not active, which leaves them with around 20 hectares of quarry from Chettinad group (out of which Pokarna might be using few of them). It does look like that Pokarna should look for other sources for raw material (Quartz) sooner/later...how soon is a question to be answered.
Piramal Pharma's CEO Vivek Sharma got awarded CEO of the year for 2015 at CPhI Worldwide convention held at Madrid Spain on 14 Oct 2015.
As per the news, Piramal Pharma got voted among top 10% contract manufacturing organizations (CMO) for both 2014 and 2015 due to its focus on customer centricity, quality and reliability and have become partner of choice for pharma as well as biotech firm. Their efforts in antibody drug conjugates (ADCs) got recognized when Piramal Pharma was awarded "Best contract provider for ADC" in 2014.
This clearly goes to show AP's efforts are paying off. Please see the link to complete news item below -
You are stakeholder and buying more that means you are convinced about its prospects. At the same time you are raising doubts and confusing others? You are mixing balance sheet issues with related party transactions? Apparel business is about corporate strategy and very well known and adequately discounted. I wonder what is the real purpose of writing posts like this.
Disc: Invested with conviction
Indian Terrain Fashions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 23, 2015, considered and approved the following:
1. Sub-division of 1 (one) Equity shares of face value of Rs. 10/- each into 5 (five) Equity shares of Rs. 2/- each and consequently, to alter the capital clause of the Memorandum of Association and Articles of Association of the Company. - (Good move to bring liquidity in market, currently hardly 500-600 shares are being traded daily)
2. Alteration of Articles of Association in compliance with Companies Act, 2013.
3. Approved the Related Party Transaction on purchase of property from M/s. Celebrity Fashions Limited, related party.(Not a good move, contrary decision to asset lite model, will reduce ROCE and ROE)
4. All the above items 1, 2, 3 are subject to the approval of shareholders through a Postal Ballot & E-Voting, under applicable laws & regulatory frame work.
Feedback sought from senior boarders.
Disclosure - Invested from 600 level.