the AGM was pretty good... the future of the company looks good....they r operating in a very large market with less competition & any increase in demand will result in additional revenues for the company.... some board members have expressed views regarding hedging my personal view is company should leave dollar exposure unhedged as many companies have incurred huge losses trying to have views on currency markets...& hedging can be done for 3 months revenue but what after that ?? ... rubber price fall will surely help....
Posts tagged Value Pickr
GRUH Finance – mini HDFC (05-10-2015)
Hi HIteshbhai,
Can you please explain what is logic behind diluting equity by 30% and recalculating book value? I tried scratching my head but could not get around this.
Hitesh portfolio (05-10-2015)
GIC Hf is cheap compared to other HFCs but its growth has been tepid as compared to other HFCs which have been showing strong growth. And hence the disparity in valuations. Having said that downsides seem limited and thats what I had been feeling when stock price was hovering around 170 in recent corrections. Sometimes if u take care of downsides then upsides do take care of themselves. 
@bijoy, I dont track Godrej Inds.
GRUH Finance – mini HDFC (05-10-2015)
vishal, thats another way to look at things.
I had posted the hypothetical situation just so that people obsessed with price to book can have an alternative way of thinking.
Regarding dividend being reduced theoretically it can happen but looking at past track record it looks unlikely
Best way of raising capital if at all it is needed is to dilute capital at high BV>
But for Gruh, ROE is nearer to 30% and cost of capital (debt) would be close to 8-9% so I would not be too worried about leverage unless things start turning sour and NPAs start a rising trend.
Satin Creditcare Network Ltd – Reaching out! (05-10-2015)
Thank you Vivek for your views and information. Today Satin moved up with 66% of delivery. Planning to hold it for long term.
Motherson sumi : Recent opportunity to buy (05-10-2015)
Prof Ashwath Damodaran tries to value Volkswagen. This should give some good perspective for people looking at Motherson Sumi
Disclosure: Have been buying after the scandal broke out. Currently a little over 1% of portfolio.
Cupid Ltd – Helping the world play safe! (05-10-2015)
@jigar_punamiya The company's main focus was tendering business. In absence of tender business there will be a sales gap. The growth in sales we are seeing right now is because of some tender wins. Some of them are for log term like the tender for South Africa business is for supply of next 3 years. The supply or condoms "green Love" to Safeware is for 10 years starting from 2014. The gap which you see is lack of tender sales in 2013-14.
REPCO home finance – another Gruh in the making? (05-10-2015)
here good example was can fin homes as i bought stock 3yrs ago. people used to say NIM are declining but business growth was such that decling NIM was not worrying part , and stock is 10 beggar . while in early 2007-2011 NIM were rising but business was stagnant.
REPCO home finance – another Gruh in the making? (05-10-2015)
nikhil again ,even if there is no capital raised NIM can (may) expand if there is lesser leverage 1) due to decrease or low growth in advances 2) build up of capital (from retain earning ) so going by on NIM will be like "Man with Humor". we need to see growth and spread and p/bv and PE also 
REPCO home finance – another Gruh in the making? (05-10-2015)
Right. Higher the capital adequacy (the lower the leverage) , the higher is the NIM all other parameters being constant.