Agree with you that profit from consumer durables has declined due to increased advertising expenses.This can be a good thing if it creates brand value in the long run; so I was intrigued and watched all their commercials from their website.In my opinion there is no wow factor for the aspirational consumer,they seem to be going for the value for money positioning.Air conditioners and tvs are products where consumers tend to push their budget a little and go for the more aspirational product.We also need to judge the quality of the products to estimate the long term potential,so we might need to know from someone who bought Lloyd’s products.
I feel that the market got carried away with the retail tag and overpriced this.I would keep tracking this and when I am more convinced by their branding exercise I might consider it.
Posts tagged Value Pickr
Lloyd Electric & Engineering Ltd (LEEL) (17-11-2015)
MPS Ltd (16-11-2015)
Thanks and kudos to @ayushmit, @rohitbalakrish_, @Donald, @Mahesh and @desaidhwanil for sharing MQ, BQ, MQ&A, relevant extensive data points and clear analysis.
For me, the facts that count, though already captured and pretty basic, are below.
+ves:
1. Value migration: MPS is operating in a space where it is facilitating the value migration. Moving to digital and platform based processes.
2. EPS assertive efforts: a) Investments in platforms. b) Efforts towards (more comprehensive portfolio) core vendor selection and success in that. c) Acquisition
3. High Entry Barriers: High Customer confidence and realtionships
4. High dividend Yield
-ves:
– High client concentration is a big (Management even thinks of this as an asset) one for me.
– keyman risk remains as well before we see how Rahul performs.
As we all know MPS has to be seen as a movie 
Disclosure: Invested, roughly 10% of my portfolio.
Cupid Ltd – Helping the world play safe! (16-11-2015)
Looks like few institutions have started accumulating it and its time to Sit Tight. Few observations about the company.
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Its operating in oligopoly industry having huge scalability.
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Has assets light model with 60%+ ROE and potential high dividend yield in future
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Has high Moat as it is highly cost competitive with cost price as low as 25% of its only competitor (FHC). Operating cost is also significantly lower.
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Promotor is an intelligent fanatic with very sound Knowledge about industry and looks to be an honest person
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Growth ahead: Female Health Company(FHC) sells ~60 mn units and cupid current rate is ~15 mn. Cupid is in the process of doubling its capacity to 40 mn and looking at its cost competitiveness & market penetration, it is quite possible that cupid may be able to reach to the annual run rate of 40 mn units in 3-5 year time. Profits could be higher than sales growth due to higher margins in FC, management efforts to increase automation & efficiency, operating leverage etc.
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Valuation:Still trading at just 20x FY16E with zero institutional holding. We all know that if market starts believing in the growth story with excellent return ratio. PE multiple has no limits (e.g Eicher, Page, etc)
So Patience to Hold would be key in this story.
Kaveri Seeds – Temporary thread for clarifications (16-11-2015)
Strongest El Niño in 18 Years announced.
Typically El Niño years coincide with deficient monsoon rains.
Read this link for more details
http://www.wunderground.com/blog/JeffMasters/el-nio-of-2015-hits-alltime-record-strength-for-a-1week-period
Disclaimer:- Sold off Kaveri with huge loss 
Cupid Ltd – Helping the world play safe! (16-11-2015)
Raj,
I think it will be fair to say that we helped each other build conviction along with all the other valuepickrs who chipped in as well. Valuepickr is all about collectively contributing to each others success!
As stock pickers, we know only too well that there are always lingering doubts to any investment thesis, & it is at such times that we may be helping each other perhaps without even realizing!
I do believe that some very smart investors are beginning to find Cupid attractive even at current levels, so hang in there guys, Cupid looks like it’s headed higher! Having said that, a bit of profit booking along the way may not be such a bad idea, but then to each, his own.
Kaveri Seeds – Temporary thread for clarifications (16-11-2015)
Trade receivables on consolidated basis have further increased to Rs 199 cr as at 30/09/2015 from Rs 176 cr as at 31/03/2015.
When Company predominantly sold on cash & carry basis in Q1, such increase in receivables is not very clear and does it mean they have not managed to collect the outstanding receivables as at March 2015? Was there any discussion on these aspects in the concall.
Discl: Not invested.
Kaveri Seeds – Temporary thread for clarifications (16-11-2015)
Stock fell as they cut guidance for FY17.
They were earlier guiding for 90 lakh cotton packets (guided in q1 call), now reduced guidance to 25% growth over FY16 which translates to about 70 lakh packets.
Guidance reduced because they expect no growth in cotton acreage next year, expect tough conditions to continue for next year also.
Disclosure- Reduced a bit after poor q1 but still holding the rest shares.
Kaveri Seeds – Temporary thread for clarifications (16-11-2015)
Yes, as I mentioned, as per the management,it was not due to BT cotton seeds. I think, if i remember correctly, farmers did not follow some guidelines while planting.due to which plants were infected with pets
there was follow up question but I dont remember exactly 
Lloyd Electric & Engineering Ltd (LEEL) (16-11-2015)
Hi,
I had also bought this stock last year but have been lucky to sell after results. My learning has been that I saw many positives like low PE, a good brand in the making, railways opportunity, supplier to OEMs, huge runway given low penetration of ACs, etc. but later realized that their main business of consumer durables is highly competitive and it will be a huge struggle for them to improve margins. I didn’t feel comfortable as I couldn’t see a long term competitive advantage which could be sustained. It can still go to 1000 and beyond but it isn’t my cup of tea.
Cheers
Rajesh
Thomas Cook India-Will it move like Warren Buffet Stock (16-11-2015)
You are entitled to your view. But please remember, even Corporate giants have fallen because of inadequate disclosures and shareholders now do vote with their feet.
This is an issue of ‘quality’ and perception cannot be quantified