“ The last few years performance was attractive, but what we could deliver may truly be exciting.” Welcome to MPS 2.0 When technology disrupts an industry there is major chaos, and where there is large spread chaos, there is opportunity. More than anything else, it matter which side of the disruption you are on. MPS…
Read More
How to Trade in Stocks – Jesse Livermore – The birth of the semi-investor
Moneymaking via the value investing method is no longer completely distinct from speculation, owning to the speed at which information is exchanged today. While the difference between fundamental analysis and chart reading is still as clear as ever, value investors can make money in their stocks via structured trading without sacrilege. These bets would thus make him a semi-investor…
Read MoreMPS Changes Gear and FY15 Updates
MPS has completed another eventful year keeping in line its funda to keep its employee cost at 40% or lesser of the sales value. The standalone business has generated a PAT of 61.44 cr and its subsidiaries have generated 1.62 cr in profit. Very Impressive. The results can be down loaded from here – http://www.adi-mps.com/Investors/InvestorsOverview.aspx…
Read MoreWhy NBCC is a bunch of Mini Ratnas & FY 15 results discussion.
Check out the annual results from here : – http://nbccindia.gov.in/nbccindia/nroot/njsp/Financials.jsp The Sector Wise results are presented below: In Cr Total PMC Real Estate EPC Capital Emp 1,338 (419) 1,071 120 Revenue 4,632 3,917 508 207 EBITDA 433 287 109 36 EBITDA % 9.3% 7.3% 21% 17.4% The government has conferred a “Mini Ratna” status to…
Read MoreWhy you should hold on to every share of CCL
CCL Products products has a global production share of 5-10% of the coffee produced.(including Nestle) WOW !!!! There is no seriousl global player who has not heard of them, let alone dealt with them. And if you look at the client retention ratio, and the growth of the company over the last few years, it…
Read MoreStill skeptical about Zen Technologies
Initial Post on Zen http://biginvestorblog.com/2015/03/09/zen-technologies-practice-makes-perfect/ Zen just published their results yesterday. The jist of the results are as follows: Figures in Cr 2015 2014 Sales up 52% 70.54 46.35 Exepenses 59.91 47.34 R&D Expenses 13 14.85 EBIDTA 21.94 2.36 Interest 2.13 2.47 PBT 19.81 0.08 Tax 24% 4.87 0.00 PAT 15.73 0.06 No of…
Read More
The Battle for Investment Survival – G.M.Loeb
This is another investing book written in the 1900. Super meaty and one of those that can be re-read every once in a while. This book was originally published in the 1930s with updates every 15-20 years. I consider myself a long term value investor but Gerald Loeb puts forward an excellent case why long…
Read More
What Godrej Properties just did !
Godrej Properties has “first refusal rights ” for the 4,000 acres that Godrej Industries has in the mangroves of Vikhroli. Of this, Godrej Industries and Godrej Properties had an LLP for 35 acres, in which 28,00,000 sqft was to be built. The built up area was to be shared in 60:40, 40% being Godrej Industries’…
Read More
The Money Game – Book Summary
I’ve recently developed a kind of fetish for business books written in the early nineties. Not only do they read like prose, but also because there views are slow and definite and not mere rants. Money Game by Adam Smith is an immensely enjoyable read. Get your hands on one. Many shall come to honour…
Read MoreEffects of the new Real Estate Bill
I hail from a family involved in the business of real estate and i have almost always had a bad taste for this business as I thought it was a business that represented the epitome of greed and irresponsibleness of our society. I was once in Singapore with the management of a company called Far…
Read MoreThomas Cook India – Fairfax ups equity stake and other updates
Thomas Cook allotted 1.827cr equity shares in lieu of 18.27 lakh preference shares to its promoters taking the promoters equity stake in the company from 72.9% to 74.7%. The total shares outstanding in the company today are 27.27 cr of Re1 each. http://www.bseindia.com/corporates/ann.aspx?scrip=500413%20&dur=A Stepping out of the preference cover to take on risks and rewards…
Read MoreZen Technologies – Practice Makes Perfect
“PRACTICE MAKES PERFECT” This is a quotation that almost everyone will agree with. When you are defending the country, the importance of this is almost unchallengeable. Zen Technologies makes SIMULATORS, for the Armed Forces, Air Force as well as the Police. They started of with simple driving simulators and today make a huge range of…
Read MoreCareer point – Now an Automobile Dealer ##@@#!#%^ !
Consolidated Results Q3 results in Cr Informal Education Formal Education Total (excluding auto division) CapEx 174 159 335 Revenue 19.55 (2.93) 16.62 Results 4.64 0.83 5.47 Finance apportioned based on CapEx (0.64) (0.60) (1.20) Expenses Unallocated apportioned (0.65) (0.61) (1.26) PBT 3.35 (0.38) 2.97 The management expects the company to cross a revenue of 70…
Read MorePiramal Enterprises – Q3 Note
Q3 in cr Pharma and Manufacturing Financial Services Information Management Unallocated Total Capital Employed 3221 9202 4293 (4607) 12110 Revenue 802 219 377 1398 Profits as reported -5 162 132 47 346 Profits without exceptional -5-2+34-18=9 162 132 47 350 Finance Cost -95 PBT 241 The Pharma and Manufacturing business has finally turned cash positive,…
Read MoreThomas Cook is cooking up a magic potion.
Thomas Cook has been time and again dissected and written about by Prof. Sanjay Bakshi. I can dare to say, his reports are probably the most convincing reports ever. His style of story like writing is rare and extremely enjoyable to read. Whether one agrees with him or not, his reports are deeply satisfying and…
Read MoreCareer Point- An Education PE Fund ?
Ajay Relan refers to Career Point as a “fallen angel” and he expects this angle to fly again in the near future. He loves it as it is service based, has a brand name, is a B2C business, operates in a recession free industry, generates massive cash flows, can scale without significant capital investments and…
Read MoreIs MPS being smart or stupid ?
Today was a particularly exciting day for MPS as they announced their Q3 results along with a second interim dividend of Rs 10 per share. They also passed an enabling resolution to issue securities for QIP upto 150 crores, The market, keeping in line with its eccentric reputation lived up to it by dropping the…
Read More8,000 cities to govern – Irena Vittal
Urbanization is on the official agenda in Delhi: build 100 smart cities, and now, revive 500 existing cities. This priority is long overdue: one in three Indians lives in a city. Indeed, experts believe the real number is a higher 52%, if one relaxes India’s tough three-part definition of urban. Clearly, while policy ignored cities…
Read More
100 to 1 by Thomas Phelps, in 95 points.
Those of us who ask little of life, get little. Those who ask much, get much, but those who ask for too much get nothing. If you don’t buy what has to be sold, you never really need to sell anything. The top 4 criteria It must be small. ( Sheer size mitigates growth…
Read MoreAll About Moats – Pat Dorsey
Summary of Pat Dorsey’s book, ” THE LITTLE BOOK THAT BUILDS WEALTH”. The knockout formula for finding great investments. Pat Dorsey’s little book THAT BUILDS WEALTH ? ? The Game Plan ? IDENTIFY businesses capable of generating above average returns over many years. WAIT until they begin to trade at OR below their intrinsic value.…
Read MoreMPS – not even halfway through the marathon
I ran the following stock screen just for fun : M.Cap > 1000cr, PE<25, D/E<0.5, 3 year ROE>30%,ROE>40% and ROA>30%, and here is what i found : Suven Life Sciences, eClerx, Blamer Lawrie, MPS, TCS and Accelya Kale. What i ran were basically the current ratios of a company i greatly admire – MPS, and…
Read More
Re-Imagining India
Everyone wants to make a buck, and rightfully so. However, when you want to make that in India, on India’s prospects, it is imperative that you understand where India is today and where it will be in the near future and even more importantly, what factors will drive that change. Below are excerpts from the…
Read MoreDHANDHO – Investment Primer
Of all the books that i have read and re-read Dhandho is probably the best for a primer on investing. It goes beyond the numbers and hits at basic investing logic. With time these principals will be fine tuned and complicated 🙂 but just sticking to this too will yield you enormous confidence in your…
Read MoreMPS – Raising the bar – Yet Again
This is a follow up to my previous posts – http://atomic-temporary-61817781.wpcomstaging.com/?s=MPS MPS has been growing from strength to strength for the last 2 years. I got in on the stock at about 115 a share and the company has not disappointed since then. The company aside, I’ve really begun to admire Nishith Arora. He states his…
Read MoreGodrej Properties – Disruption with Trust
When you say real estate, the first thing that comes into mind is black money and if you are worldly wise, the word “cheat” will be a close second. However, say “Godrej Properties” and a picture of a well made township flashes through your mind.The other two culprits are not even close. This is pretty…
Read MoreAstra Microwave – Q1 updates and AGM comments
Hyderabadi AGMs are a mix of company procedures and weddings. Every AGM is accompanied by a grand lunch and a return gift if you may 🙂 Sometimes i wonder if it would be better to hold the meetings after the AGM’s so that all the “speech givers” can return home and leave the meeting to…
Read MorePiramal Enterprises – 2014 AGM update
When i walked into the PEL AGM it seemed like an ultra simple affair without much hoo-hah, until i looked at the Board. The best of the best were patiently sitting there. Ajay, Swati and Nandini Piramal, Keki Dadiseth, N.Vaghul, and Ramadorai amongst others i couldn’t recognise. Partly intimidating, but mostly gratifying. Despite the big…
Read MoreRS Software – FY 14, AGM and Q1 2015 – Comments
RS has had a great run ending the year of 2014 with an diluted EPS of 42.85. While this is fantastic news, we will have to see if the story of the future is still as fantastic as it was last year. The payments industry worldwide is controlled by Visa and Mastercard with over 88%…
Read MoreCCL Products – Problems of Plenty
They say that people can be divided into four categories, employees, professionals, businessmen and investors. Each of the above have unique traits and people in each of these categories have very different lives and mindsets. CCL’s ex MD is a thoroughbred businessman and an entrepreneur. His lifespan covered starting of the business, growing and…
Read MoreRS Software – Cash in on Digital Payments
Read their annual report – It is crazy rs_software_ar_2012-13_2 CMP – 243 MCAP – 309 cr 52w high/low – 250/120 No of shares – 1.28 cr ( further issue on cards ) Promoter holding – 38.5% un-pledged Fundoo Investors – Dolly Khanna 3.29% Story: Back end payment processing for Visa Big on digital currency…
Read More
biginvestorblog.in 