Another molecule enters Phase-1 trial.
Suven now has 3 clinical stage compounds, a Phase 2 initiated candidate SUVN-502, Phase 1 completed candidate SUVN-G3031 and Phase 1 initiated candidate SUVN-D4010 for Alzheimer’s disease and Schizophrenia. In addition to that the Company has ten (10) internally-discovered therapeutic drug candidates currently in pre-clinical stage of development targeting conditions such as ADHD, dementia, depression, Huntington’s disease, Parkinson’s disease and pain.
The video link is up and working again for those interested
Wonderful presentation on KRBL ..
They were non-comittal on the European subsidiaries. Their immediate focus is to upgrade the quality first by making necessary investments and then gain share in the domestic market.
On the competition front- Osram has opened an India plant.
I think its fair to assume now that PUC model is certainly a rewarding model, if executed well. At the same time we need to understand what are the barriers towards scaling that? MT focuses on the colleges that are not doing so well.. as they would be more willing to a partnership. Now the question is how easy it is to turn these colleges around?
The other interesting thing I picked up in my conversation was that there were no major brands in the PUC model at this moment. Most of them are smaller players who don't have the vision or the financial reach to expand beyond their backyard. This provides a good opportunity for a professional player such as MT to consolidate and scale. Maybe talking to competitors local PU college players can provide more 'insights'. Folks in Karnataka please help 
Spoke to someone in the Karnataka market. MT's strategy on partnering with PUC's is certainly interesting.
-Minimal Capital investment in the PUC model. Investment limited to some infrastrucutre related issues such as AC's /Desks etc. Maximum investment is ~ 20-25 Lakhs/centre
-PUC Model is successful if both MT & the other partner has a long term view. Maintaining a JV (partnership) is a difficult proposition. One is actually managing egos so it can break down. So far no MT has not had anyone walking out of the partnership
-Typically MT goes after not so well doing campuses and then tries to turn them around. Here the biggest factor is good results. The key factor are results. At the moment Karnataka has 18-19 locations, of this 70-75% are doing well
-Sold the Managalore PUC college as it wasn't doing well. Didn't break even after 5 years so sold it off to recover investments. Sold it at no profit no loss.
-PUC model is more profitable than the normal model that MT follows. Slowly others are getting into PUC model as well, given its attractiveness. FIITJEE is coming in Bangalore but they are focusing on IIT. MT is focusing more on state boards at the moment
-Most of the PUC players are small and don't have any plans of scaling up as such. As such there are not many organized players. There are 3-4 bigger players (Sri Chaitanya, Nalanda, Narayana & Deeksha) but none of them is doing well. Deeksha is winding up. MT has been expanding in the last 2 years. Plans to reach 30 tie-ups in the next 2 years. More than 70% of MT's partnerships are doing well.
-MT doesn't advertise a teacher or set of teachers. Other small PUCs focus on that. MT's pitch is more about technology and its scale that it has achieved in other geographies
-Having established its first college in Mangalore- MT has a good brand recall across Karnataka. Mangalore is an education hub in K'taka.
-Karnataka has ~ 5000 students and the geography is profitable. Contributing 10-15% of revenues.
Promoters are increasing their stake http://www.moneycontrol.com/livefeed_pdf/Sep2015/F131C466_CAE4_4698_982F_03444AE89998_172023.pdf
@fabregas could you please check and let us know how they are doing in asset liability mismatch and what kind of NIM they have? Along with NPA's these are probably pretty important in valuing a housing finance company.
The rule is pretty simple but not easy. Major corrections like what we saw a few days back are excellent opportunities to switch stocks in your portfolio. Both good and bad stocks would go down during a panic, while the bad stocks tend to settle there good ones will usually recover. Sometimes the best stock to buy in a correction could the one that you already hold in your portfolio and has performed well in front of your eyes and ticked all the check boxes. Cut your weeds 
and water your flowers 
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This is getting really collaborative now, so much to learn from each other and their approach toward PF balancing in a big correction. I guess there should be a process for value investors and a defined approach as to how to approach this subject and learnings from previous such phases of market.
Any thought on this !
0.27% of your today's portfolio might be enough to cover for 1 year of schooling for your grand child. I might be entirely wrong with my example but the point is as shareholders we must be ruthless in capital allocation, bits and pieces here and there can indeed make a difference if you are willing to stay in the game for many years. You need to come out of this mental accounting. Every rupee matters and your job is to compound it. As far as learning is concerned there are better ways, just watch around you and you will see people doing mistakes all the time and as Charlie Munger says you can become a collector of human follies. Over a period of time and a bagfull of these follies will serve you good for the rest of your life, and not just in investing.