ADAG Group - Investment opportunity or not?


(Vivek Chaturvedi) #83

Agree, however feel that if the company is not able to monetise the investments to a significant degree (10000 crs would be nice :slightly_smiling_face: ) we may have to hold this one for a longish time to see meaningful returns…

Hopefully investors like us are able to really question mgmt. hard on this point forcing them to give out much more info about these prop investments (especially the 6250 crs invested in CCD)


(shahparag) #84

after madhu kela , is it sunil singhnia permenently exited from reliance capital for his new venture @abakkusinvest ???

if so , why such great talent are exititng ??

do reliance capital posses enough intellectual brain to steer it in to growth in such a difficult financial market ??


(Manohar T. Patil) #85

Decent Q-4 numbers from reliance Nippon. Stock is trading at just Rs. 14 premium to IPO issue price. Interestingly IPO was oversubscribed 81 times despite of medium size(about 1,500 crores).

reliance nippon Q4.pdf (932.4 KB)

Disc - Invested, planning to add more as risk reward appears better at this price


(us121) #86

Any insight on other income of 85 Cr and its sustainability?


(shahparag) #87


the last acquisition by ADAG for foraying in to full fledged defence conglomorate also seems to be proving disaster .
poor capital allocation by ADAG group everytime is a very negative point .you dont learn from your past mistakes .


(rajubaxi) #88

Reliance Naval’s unit at Pipavav is totally closed down since last 15 days. Contractors are agitating for non payment of dues and are not allowing any one to enter the premises. Situation is grim


(abhishkjain2626) #89

Does Naval’s situation affect RelCapital financially in any way?


(shahparag) #90

it doesnt , but it shows the overall mismanagement of capital …which is too risky in finanance business actually …


(Manohar T. Patil) #91

Reliance came out with Q4 results. Declared Rs.11 Dividend.

Does this look to be a decent result?


(Manohar T. Patil) #92

@vivekchat - Could you pls. elaborate a bit about prop. investments of Reliance capital. Or point where can we find the details. Thank you!


(learning) #93

@jitenp Results look decent and slowly they are disposing assets - but market price not moving in tandem.

Do you still believe it’s just mis priced currently and over time might improve?


(Jiten Parmar) #94

I am very satisfied with the results. Investment disposal is taking more time as many are unlisted and these deals take a longer time. But, I think in current year, we should see good progress.

Also, it’s good that they have no exposure to Reliance Naval.

Do hear Q4 concall.


#95

I am assuming this news is not good for RELCAP?


(Ajay) #96

Latest update: RCom settles Ericsson dues, asset sales to Reliance Jio gets NCLAT nod
The NCLAT also halted bankruptcy proceedings ordered two weeks ago against debt-laden Reliance Communications


(Manohar T. Patil) #97

Disc - invested in RNAM


(vinay ambekar) #98

slowly but surely, Rcom on way to coming out of the rut it is in…


(jainaj) #99

Jiten Sir,
The way news flow is most of the subsidiaries viz. reliance geneal insurance, life insurance will come with IPO and mainly reliance commercial finance under devang mody may remain as main business. But holding cos. are ascribed a huge discount as much as 50-70%. As SOTP valuations shows it is very cheap currently but if it becomes holding co. then is market justified. your valuable views please


(Manohar T. Patil) #100

Reliance capital published Q1 results

https://www.moneycontrol.com/stocks/reports/reliance-capital-results-financial-results-for-june-30-2018-12693521.html

Any views about the results would be helpful. Concall is at 10:00 AM on 12/09


#101

it does not look good QoQ basis…topline /bottomline has shrunk