Aksh Optifibre- A Technical and Fundamental Analysis


(gardathedust) #246

The company has finally announced consolidated results for FY 2017. Also for Q2 Sep.
http://www.bseindia.com/xml-data/corpfiling/AttachHis/badc9bf2-5fa8-46b3-a838-0ff789e2375d.pdf

But still no annual report, no cashflow statement. Can this be treated as a positive ?


(Devaki Nandan Tripathy) #247

@Mehnazfatima Do you have any exit level in mind to liquidate? Already it has appreciated 3 times from the entry level and crossed Rs 40 today.


(Mehnazfatima) #248

I have stayed invested in Aksh through the bad times when high raw material prices impacted profitability. If good times are just round the corner, I would be reluctant to sell prematurely.


(Devaki Nandan Tripathy) #249

Yeah technically too it seems accumulation is still going on and no signs of distributions. Big operators may enter after it comes out of T2T and take it much higher if fundamentals are supportive.


(jstocks) #250

Hi Mehnza,

Any idea why promoter stake has decreased in this stock?

Thanks


(Devaki Nandan Tripathy) #251

It seems the company’s fundamentals are taking a turn for the better. Special coverage in Business Standard today.

Disc. Invested from lower levels. Views are definitely biased.

Quotes from the article as it is subscription based and not available in open.

Aksh


(insanemaverick) #252

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([email protected]) #253

hi @maverickroger had a look at the NPM for the H1 2018 and it is around 3.2% (Q2 - 3.5 % and Q1 - 2.7%)
Can you please let me know your analysis onhow can Aksh achieve NPM of 8% from here on which is quite significant from their current NPM.
Many thanks.

Thanks,
Pandi


(ramanhp) #254

Very informative and interesting note. Is it ok that I share it on a wats app group?


(rknshah) #255

Any one tracks Vindhya in the same space , Thanks.


(HG) #256

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(insanemaverick) #257

@pandi.rao: That’s pretty elementary stuff actually. When a company is executing it’s capex, the expenses tend to be booked upfront and the margins look suppressed. Once the commissioning is done, you benefit from the operating leverage and economies of scale which bumps up the margins. Also, it is an integrated player with substantial FRP facility. So 8% margins is a reasonable number for FY19 and FY20.

@ramanhp: Sure Sir, please go ahead. We all live, grow and learn together.


(Bheeshma Sanghani) #258

Hi @maverickroger

Sincere request if you could remove the many references to price action in your post. As you are aware its not in line with the rules of the forum.

With Regards
Bheeshma


([email protected]) #259

@maverickroger Thanks for the details on the rationale on the NPM, I am new to value investing and your details helped me to understand the reason behind the potential expansion of NPM.