Hardyboy ,is the Mr Bajaj you refer to the CA Ram ratan bajaj ?One of the independent directors at Byke?
Thanks for your efforts on contacting the management. It certainly helps us all.
Hardyboy ,is the Mr Bajaj you refer to the CA Ram ratan bajaj ?One of the independent directors at Byke?
Thanks for your efforts on contacting the management. It certainly helps us all.
USA recently won a dispute against India at the WTO. The dispute was regarding subsidies given by the Indian govt to local solar module/cell manufacturers. Jawaharlal Nehru National Solar Mission (NSM) had mandated that certain portion of the materials under this initiative be procured locally. Subsidies were to be given to comply with this regulation. USA had alleged that such subsidies discriminate against foreign suppliers of solar cells & modules.
Here is the link to the WTO dispute details.
Here is the link to a news article regarding this verdict
I think the present price is a good level to enter Orbit Exports. They are able to improve their margins due to lower raw material cost and cost cutting measures. Going forward they should be able to maintain the margins. They are also taking measures to avoid over dependence on few customers. According to an analyst report they have pricing power. They sell at $4 what Italians sell for 40 euros (China is not strong in fashion design area). Pankaj Seth the promoter says that they are a bottomline-focussed company not really interested in selling more fabric for the sake of records. Please do your analysis and take a call.
Discl: I am invested from 330 levels
Mahesh, thanks a lot clarification.My bad, it should be 2129 not 1665.
I thought, if the company puts more number of scientists into other clients, they would feel confident about its r&d capabilities.Hence i felt it number of employees dedicated to each client was very less. Thanks for AR's and for direction. I will go through them to understand it better.
In Kindle Silk browser(haven't tried other browser), Reply to topic button is hidden behind jumping to page button(bottom and up button). Because of that, an user can't post in the thread instead to post he has to select "reply" to an existing user post.
I personally feel, this can't be a killer multibagger but it's a safe stock with good growth potential.
This stock will milk the cash in the long run and will give great dividends.
Still, I am in a learning phase and will see what happens.
Disclosure : Entered at 175 levels. 15% of my portfolio.
V.Raghu executive director explaining about the affordable housing opportunity:
http://www.ndtv.com/video/player/news/repco-home-finance-on-affording-housing-opportunity/381541
disc: invested
You are probably right. Its just that before this year's new mandate, investors below 1% were never mentioned. But now they are.
So, your search in June 2014 wouldn't have offered any results even if he held say 1 share less than 1%. But with the new rules (someone with even 0.6% can also be mentioned now, as long as you are in the top 10).
Which is why I said 'mostly out of vaibhav'. No one can be 100% sure. Either ways. Unless you have invested in valuequest
@Pressy79t Read this thread for Sarla Performance http://forum.valuepickr.com/t/sarla-performance-fibres-another-interesting-textile-story-in-making/1927/25
Vakrangee I feel it will come close to 90 in few days the way market is performing.
Which other stock you are holding?
Prepared a small pdf of key points from 2015 AR.
Please find attached- Omkar_Notes.pdf (1.2 MB)
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