He doesn't hold 2 out of the the seven business listed in Intelligent fanatic slides and those are Eicher & Astral. Source: his tweets

Dividend is basically a safe heaven, but also we need to know how will the company make profits in order to make the dividends also is therr any exapnsion plan in place , in case there is then the money would be diverted there.

Also its better to check the past history of dividend payouts of the pat few years.

overlal as explained above by fellow boardsrs, in case one is worried and want to bve in a relatively safe haven , then FD would be a better place or start an SIP in the companies that you have an opinion that will grow

Went through AR 15 -my big worry was that OCF has plummeted from Rs 86 Cr in FY 14 to Rs. 40 Cr. odd in FY 15 primarily on the back of increasing debtors, inventory. On top of it, there is a Rs. 196 Cr. loan taken to build out capacity.

Normally a company that takes such a huge loan ought to be more prudent on debtor management and not let cash flows slip - I hope it was a "Snapshot" issue and will wait to see BS in sept.

When I look at cash flows to debt ratio, it looks quite worrisome - I can only hope it's a temporary issue and the mgmt is cognizant of the same.

Yet another thing I observed was how soon the law of diminishing returns catches up in a commodity business - more and more capital goes in and lesser and lesser profit comes out.

I am invested in it as a cigar butt and watching it closely.

Waterbase Limited announces merger ratio for merger of Pinnae Foods Limited

• No cash outflow for the merger
• 4 shares of Waterbase Limited will be given for 17 shares of Pinnae Feeds Limited
• Pinnae Feeds Limited has an installed capacity of 75000 MTPA at Nellore
• Capacity of Waterbase Limited will triple from 35000 MTPA to 110000 MTPA
• Expected completion of merger by Q1FY17
• KPMG is the advisor for the transaction

The paid-up capital of Pinnae Feeds Limited is Rs. 10 crores and with this merger ratio, the equity capital of Waterbase Limited will increase by 2352941 shares or Rs. 2.35 crores... Debt as per CARE rating is Rs. 77.20 crores... These are my assumptions as per data available on internet...

Negative:
- Debt will increase, but Waterbase has almost 30 crores cash... So, shouldn't be high I feel...

Note: Have vested interest... So, take my assumptions with a pinch of salt...