I was surfing on some Nigerian websites to know more about the EPC order S&W won. Got this new snippet, saying the Energy ministry got backing from the US for its solar needs. It has mention of Sun Africa, which is the main beneficiary of this Order. And i think its a US company. Does this connect some dots?
Posts tagged Value Pickr
HIL – Eco (onomic) friendly way to play rural prosperity in India (22-08-2024)
I understand that the salary might be higher than usual, but in small companies where profits can be unpredictable or sometimes when below normal levels, it’s common to see elevated salaries when the company is aiming for significant growth. To lead the company through a successful turnaround and drive it onto a growth trajectory, hiring a strong MD & CEO is crucial. This often comes with a higher salary, which is acceptable because it reflects the value they bring to the company. It’s preferable to see a substantial salary for the CEO rather than having funds diverted through other means, which could present a misleading picture to shareholders. I mean this is my perspective to look at this may be this may not be same for everyone. As an investor we should keep an holistic approach while looking over these issues.
NewJaisa Technologies: A D2C Refurbished Electronics Play (22-08-2024)
Their ERP/website isnt watertight atleast yet.
On the homepage it says 15 units available, but when you view the laptop, it says only 1 available in each category. So is it 6 or 15? Regardless of that, it will let me order any number of laptops and make payment for it. Screenshots below
IDFC First Bank Limited (22-08-2024)
Thanks Deepak for sharing the letter.
If someone does not want to read the whole letter below are few quick takeaways.
- “For instance, we plan to grow our branches by only 10% annually but grow deposits by ~25% CAGR until FY27. Many digitisation efforts are under implementation.
- Together, we plan to reduce the overall Cost to Income ratio by about 800 bps from 72.9% in FY24 to 65% by FY27 and continue to improve from there.”
3)”Because the foundation that has been laid, we expect our Opex to grow only by 19-20% this FY25, while income is expected to grow by about 23-24%. - We expect the phenomenon of Opex growth being lesser than the income growth to play out consistently over the next few years. This will structurally improve the profitability of the Bank. Based on this, we are planning for our PPOP% to reach around 3.3-3.5% of assets, on a core basis, in five years from levels of 2.25% in FY24.”
Export data and learnings (22-08-2024)
July 2024 update:
India’s overall exports(merchandise and services combined) during June 2024 is estimated at USD 62.42 Billion, an increase of 2.8% compared to July-23.
Total import during July -24 is estimated at USD 72.03 billion, positive growth of 7.14 % over July-23.
Monthly merchandise export during July -24 is USD 33.98 Billion compared to USD 34.49 Billion during July- 23.
The estimated value of service export during July -24 is at USD 28.43Billion compared to USD 26.22 Billion during July-23.
Coffee exports become flat during July in contrast to high growth seen during previous months.
Rice exports continue to remain in a downward trajectory.
Marine products exports are down by 3%.
Iron ore exports increased by 10% during July, consecutive months of positive growth. .
Ceramic products and glassware exports reduced significantly.
Pharma exports increased by 10%.
After 2 quarters of growth in export chemicals are down by 10% during July.
RMG of textiles exports increased by 14% which is a significant increase seen during the last few quarters.
Balaji Amines Opportunity (22-08-2024)
Ah ok. Generally when someone says Q1 2023, I take it as first financial quarter in the same year (2023).
Malhar’s Investing Thoughts (22-08-2024)
Where to look for more (recent) information about Loyal equipments?
Hitesh portfolio (22-08-2024)
Hi Hitesh Sir !
Please share your views on Kopran (Just crossed 52 W high) and Religare ( Near 52 W high) on technical Chart basis.
APL Apollo Tubes (22-08-2024)
Thanks to all the contributors for updates for such a long time. I am just looking for some answers to some of the questions that I have in my mind about APL Apollo promoters. If you track the company one would find that there has been promoter selling and reducing their stake almost every quarter. If the business prospects are still very good as they project in quarterly calls, why would they reduce their holding to such low levels instead of holding or trying to acquire more. They are taking the capital from here and infusing into the NBFC that lends to APL Apollo tube customers. Is it a scheme to pump up the sales by financiing the buyers and push the stock price up and sell it at the same time while make the money safe by pushing it to NBFC which is a private entity? How long can this sustain? What happens when this credit facility is no longer available to distributors or dealers? Would they continue to buy? I understand that sometimes Promoters sell (like they did in Page industries while it was growing) but here it is of big proportions. Also, there seems to be a gap between what the promoters are telling about business and what they actually do to their stake in business. While everything else looks good, this aspect remains a red flag of mine and that is a reason I am looking for unbiased answers for the same.
Tata Motors – DVR (22-08-2024)
The scenario of converting DVR to Ordinary shares has limited precedence in India. I have been holding DVR shares from last many years and have sold out yesterday due to the tax impact uncertainty.
AJ
Disclaimer: Opinion above is biased.