Hi anurag
share your feedback from AGM
Posts tagged Value Pickr
Vivek Gautam Portfolio (08-10-2015)
hi @Vivek_6954,
Nice to see Vidhy already in your PF stock is on blast,what allocation you had.
Valuations looks really stretched for a dye comp, How do you see this going forward ?
Thanks
Nesco (08-10-2015)
Guys just read the IndiaNivesh update on company post meeting management. Here are some tit-bits
Excavation work for IT Building 4 is expected to commence in Q2FY16 with approvals in place. The total capital expenditure of Rs3bn over FY16-18E is planned. In FY15 the company invested Rs990mn and bought additional FSI of ~0.63 mn sq. ft. With this addition the total built]up area for IT Building 4 will be 1.76 mn sq. ft. The company also has
ambitious plans for IT Building1 & 2 but waits for the change of Development Plan for taking advantage of additional FSI for IT/ITES sector.
In FY15, the segments delivered 10% y/y revenue de-growth and contributed 38.5% to the overall revenue. The segment witnessed decrease in revenue in FY15 due to few cancellations and underutilization of space. However, BEC has witnessed a CAGR growth of ~28% in the past ten years on back of its location advantage [~0.45 mn sq. ft. of space combined with attractive offering]. As a result, BEC has been able to increase its monthly rental to Rs 159/per sq. ft (FY15) from Rs. 27/per sq. ft (in FY06).
With increasing utilization, Nesco initiated the process to expand the halls area from 0.45 mnsqft to 1.00 mnsqft However, management would wait for new development plan (DP), which will increase the FSI to 4 (v/s existing FSI of 2). In that case, the company will be able to make 1.5 mn sq. ft. of Exhibition Area (v/s 1.00 mn sq. ft. planned). The capex requirement of this project should be in the range of Rs 5.5-6.0 bn over next five years. However, this
assumption is completely based on the government approvals.
Indabrator(Capital Goods Division) is leading manufacturer, supplier and exporter of surface preparation equipment’s, providing services to various Indian industries; mainly Foundries, Forging plants, Automotive industries, Indian railways, Defence organizations, Heavy engineering industries, Ship building industries, Chemical & petrochemical industries etc. Although since past two years Indabrator was generating loss on account of economic slowdown. In Q1FY16, segment reported 141% y/y growth in revenues (to Rs 73 mn) & PBIT margin were 11% of segment revenue at Rs 8 mn (v/s loss of Rs3.2 mn in Q1FY15). The management expects 20% y/y revenue growth for industrial division in FY16.
Disclosure: Invested
My richdreamz portfolio – visit my portfolio to learn together! (08-10-2015)
Thanks for your clarification.
By the way one of the so-called intelligent fanatics Symphony did de-risk their business model by acquiring a company called Impco in 2008.
Sugar Cycles: 7-8 years of losses followed by 2-3 years of super gains! (07-10-2015)
I have been studying Sugar in international markets since 2007s.... I have seen 15cents go to 35 cents within months and back down to 10-13 cents range over last 7-8 years.
I am very tempted to call a bottom in Sugar here around 10-13 cents....could see a good upside push towards 20-25 cents by 2016 end.
Its a gut based on a long study of the cycle.
Cheers
Neil
Vivek Gautam Portfolio (07-10-2015)
Big wealth is created imho when perception changes.I converted my yes bank holding @350 into Aurobindo Pharma@125 2 year back .Auro promoters were supposed to be suspect quality with linkage to YSR etc.
Auro promoter has shifted to US & refocussed on US mkt bringing in professionals both in India & abroad.All FDA problems were sorted out & Auro has 380-90 ANDA approved with foray into several promising areas.
Best is to read AR & listen to concalls.There I cam eto know that Auro is RJ is one of core pharma holding for long.
Phoenix lamps – rising up from the ashes? (07-10-2015)
Bit late here, but in AGM did management mentioned anything about their plans about merger if any they have or if they want to keep both companies as separate entities for now?
Disc: Have taken tracking position last month @ 101 Rs.
My richdreamz portfolio – visit my portfolio to learn together! (07-10-2015)
I understand MPS management is highly accomplished and has a good track record. However what they seem to be doing is raising money and investing them on businesses that can be turned around. Nothing wrong with this, just that my preference is to be invested in direct businesses and not in business which manage investments (even though they buy them with a long term view). To put it in simple words I prefer Intelligent Fanatics over Serial Acquirers.
My richdreamz portfolio – visit my portfolio to learn together! (07-10-2015)
Could you please elaborate a bit on your statement. I am not clear on what you meant.
I have never been able to buy a company where management is uninspiring.
Obviously, MPS is part of my core portfolio.
Regards,
Raj
Avanti Feeds (07-10-2015)
I was trying to compare premium of Avanti's shrimp export realizations over India's export realizations. These seem to have dipped substantially from a premium of 54% in FY12 to just 9% in FY15 (all data from AR12 through AR15). Hence, while volume share is stagnant at 1%, value share has reduced from 1.7% to 1.1%. The sheet below will illustrate this over the years. Request anyone who is in touch with management to confirm.
The going seems good with intentions of expansion in the feeds and seeds business very clear. The bigger kicker could be increased focus on exports and branding. This is where the collaboration with TUF would be put to good use. This seems to be the next step but yet conjecture. Thai shrimping business is recuperating very slowly, and this augurs well for Indian shrimpers. Concerns of outbreaks and import bans continue.
Disc: Bought a few shares a few months ago