Hitesh,
Your views on Indo count ? Asset light model with high margin business. Going to be debt free in one year, good FCF, growth.
Cons _ no dividend yet. Already increased too much
Posts tagged Value Pickr
Hitesh portfolio (05-09-2015)
What you are buying in this major correction ? PF readjustment! (04-09-2015)
nice thread . I have been doing nothing for past many months now . I hold a concentrated large size PF of 5 stocks . no cash to invest . so watching the screen reading up but no selling or buying .But no tension .
Ujaas Energy – Value Migration to Solar Power (04-09-2015)
@chintans Thanks for such a detailed response. Agree with your thoughts on net-metering. Need to wait and watch on how the situation pans out in India. If its favorable, early starters like Ujaas can reap huge benefits. I generally do not invest in sectors which are heavily regulated or in which major clients are public sector companies. But I can make an exception for solar, because increasing solar power generation is inevitable. What we need to figure out is the right time to invest.
Emkay taps and tools (04-09-2015)
EMKAY TOOLS
Interesting idea!
• Sales: 30 – 35 Cr range for last 5 years
EBITDA: 12-16 Cr range
PAT: 8 – 10 Cr range (Margin 30%)
Cash equivalents = 65% of Market Cap
RoE ~20%
RoCE ~ 36%
• Debt free (both Long term and Short term), has investments in quoted securities and MFs worth 41 Cr as of 31/03/2015
• Single Product Company with total tapping solutions – only threads tools. Full varieties of taps – inter alia, include HIPerformance Thread Forming Taps, HI-Performance Spiral Fluted Taps, HI-Performance Spiral Pointed Taps, HIPerformance Taps for Cast Iron Tapping, HI-Performance Special Taps, PM Taps, Carbide Taps, Special Designed Roll Taps, Through Coolant Taps (T.C.H), Special Geometry ―Spiral Fluted‖ Taps, Special Geometry ―Spiral Pointed‖ Taps, Taps With Special Coatings among others are widely used in several critical auto components, ensuring the right product for each customer specific production requirement and timely deliveries has given us a competitive advantage in this high-precision industry
• Newly listed on NSE SME platform (August 2015). Listed at market cap of 60 Cr with an offer for sale of 25% from the promoters – objects of the issue being ‘gaining listing benefits!’
Financials only available in company RHP.
Opto Circuits (04-09-2015)
If bottom formation process is nothing but a process of dissipation of negative momentum; then it appears that the negative momentum is already dissipated to a large extent. Or in other words, all the sellers / weak hands may have been thrown out of the stock.
Towards a Capital Allocation Framework! (04-09-2015)
I am more than 90% in stocks. I ensure following
1. >15 but <20 stocks
2. > 90% is into consumers, financials and pharma.
3. At least 25% into large caps. Some mid-cap pharma and consumer are closer to large cap now.
4. No allocation more than 15%. Ideally, I would like it to be capped at 10%.
5. No sector allocation more than 40%.
I have evolved this criteria for myself knowing well that this may not be most optimal. But after going through a meltdown like 2008 you know what works for oneself.
Opto Circuits (04-09-2015)
On the fundamental side a lot of negative news is built up in case of Opto circuits.
The company was forced to withdraw its GDR after keeping it open for 2 and half months.
The credit rating of the company was down graded to default grade.
There is no news on the receipt of insurance money for the damage caused by the Vizag cyclone.
Management just does not communicate anything with the investors.
And in this choppy market conditions, it is natural to expect a high debt company like opto to go down quite steeply and that’s what appears to be happening.
But Technically it seems that all this negative news is already priced in. AND if we shift our focus from daily charts to monthly charts, then it becomes apparent that if by the end of Sept 2015 the RSi does not go below the lower / support line, then there is a good chance of a bottom formation in Opto circuits as well as a bullish divergence on monthly charts. This is a very strong reversal signal.
I have presented to investment strategies for those interested in opto circuit using weekly charts – Aggressive entry and conservative entry. Investors may consider using either of these to make an initial entry in Opto Circuits.
Byke hospitality – Truly asset light? (04-09-2015)
The company has announced the opening of ‘The Byke – Suraj Plaza” (Thane). Here is the link to the announcement. The hotel will become operational from 5th September.
Thane is not a touristy location, so this hotel must be directed towards business travelers or for occasions such as conferences, receptions, weddings etc.
