Peace ! I think (in my small mind and small brain ) risk to gruh is a repeat of 2006(icici launched teaser loans at 6% and sbi later at 8%) - gruh did not respond on price but reduced it loan book growth % . Why would not banks enter the self employed low ticket space perhaps create focussed teams to do this is a question .Risk of money becoming a commodity in new modi's world where everyone will have a bank a/c and banks will manage to give loans to those without income proof mainly individuals since collateral is safe.Gruh will still grow but can it still get 13 times book in this new brave world is the question.
Posts tagged Value Pickr
GRUH Finance – mini HDFC (30-09-2015)
PP1,
We as moderators appreciate your inputs on the gruh thread. But there is a thin line seperating a rebuttal to someone' point of view and outright inflammatory remarks. You are requested to tone down your comments to unoffensive levels and make sure there are not too many repetitions.
People who have a high allocation to HFCs will have their own logic and have invested their own hard owned money and most likely are highly competent people who know what it takes how to invest. You can at best put forth the negatives and then let them decide on the merits/demerits of the investment thesis.
And the point about subsidiary is being dragged ad nauseum. kindly let it rest.
regards
GRUH Finance – mini HDFC (30-09-2015)
Don't clutter the discussion with threatening language. That certainly doesnt help the spirit of discussion.
Calling a certain logic silly is perfectly fine in a debate. That is not the same as calling a person silly - which would be personal and offensive.
GRUH Finance – mini HDFC (30-09-2015)
@PP1 : Yes I am signing out of the discussion too. So will not go ahead with answering your last post. Let's agree to disagree and recognize that "different opinions make market".
I would suggest you to tone down your posts though. You called someone's logic "totally silly". Disregarded other's points including mine. I found few of your last posts offensive. Please keep that in mind.
Hope to keep the spirit of discussion in right place.
PTC India – A No Brainer (?) (30-09-2015)
@mokumra - wont the concept of holding company discount apply here.
PTC India will never sell PTC India FS holding. Hence the value realization here is difficult.
What are your thoughts on the power trading business standalone?
GRUH Finance – mini HDFC (30-09-2015)
That is a totally silly logic.
Agreed that credit appraisal and risk management is different for affordable housing finance. But then credit appraisal and risk management is also significantly different for other asset classes - be it infra finance, auto finance, CV finance, project finance, etc. etc. Going by such logic - banks must have a separate subsidiary for each asset class....
The other question is why does NHB have to subsidize funding for HFCs.... You spin it into a positive... Unfortunately, that is not right.... The inherent riskiness of HFCs is the reason why they are provided subsidized funding by NHB... Minus the support from NHB, most HFCs would struggle to raise funds from banks...
There may be some exceptional HFCs (like Gruh)... But in general HFCs are considered highly risky..... Banks are less willing to lend to them... When banks want to do similar business as HFCs, they incorporate subsidiaries to do it.... Some banks (e.g. ICICI) are trying to sell off their HFC business.... It is a hyper-competitive area - there are already 60+ HFCs and another 60 - 80 are expected to start off in 2 years...
I am signing out of this discussion... Hope you can take this in the positive spirit... No amount of evidence can convince those who strictly don't want to be convinced..... 
GRUH Finance – mini HDFC (30-09-2015)
I think @richdreamz answered this well.
Did I say NHB funding is cheaper than CASA? NHB funding is cheaper than your normal borrowing. Any cheap funding is good for HFC's.
@PP1 : Overall I think you are emphasizing too much on just one point. affordable housing being operated as subsidiaries. I don't think thats negative point at all. Just a business decision. If you have any other negative points, please share.
Alembic & Alembic Pharma (30-09-2015)
Rohit,
I had put it in the excel which is there in the previous post. I have analysed all the DMFs filed by the company upto March 2015. Most of the time the company also files ANDAs for the filed DMFs. Their expected launches for FY16 and FY17 are also put in that excel.
Vikram Thermo (30-09-2015)
Hello everyone,
I am not sure if anyone is still following Vikram Thermo. I found this one on one of the custom screener on screener.in.
Regards to the above discussion, I would like to ask if anyone has been able to get in touch with the management. Also, sales figures FY 14-15 has seen a slide. I could not find an apt reason for the same in their AR. Seems to be a decent prospect if we can get hold of few things from the management.
Things to watch out for:
Reason for drop in sales in FY 14-15
Growth prospects
Capex plan
Client list, etc.
Hope you all chip in. Thanks!
US based NRI’s – How do you guys invest in equity now? (30-09-2015)
FATCA is ok with me even though i had some difficulty with foreign investment calculations. This is related to opening a demat account in india from US. ICICI is not allowing this and insisting on coming to india for US based nri's.