Hi,
Anyone attending AGM tomorrow?
Regards
Krishna
Disclosure: Tracking quantity
Hi,
Anyone attending AGM tomorrow?
Regards
Krishna
Disclosure: Tracking quantity
Share capital has increased from 4.68 to 5.62cr. Is this any red flag??
No, It is due to bonus. No red flag there.
I had written to the Company Secretary to know why the performance was down in Q1 FY18. I was surprised to get an instant reply from the MD.
The reason for poor performance was attributed to massive de-stocking at the companyâs customers due to GST roll out which they did not expect.
I feel that this is one off event and the story is yet to unfold. Couldnât attend the AGM. Would be happy to hear from others.
Regards
Krishna
Beardsell board meeting outcome link. Good read
http://www.bseindia.com/corporates/anndet_new.aspx?newsid=af46cf5f-4c92-49a8-9a3c-99fd280190cf
Regards
Krishna
Link for investor presentation
http://www.bseindia.com/corporates/anndet_new.aspx?newsid=666824cb-513e-4fe0-9e4b-b804920aa2f9
Beardshell business looks interesting, but does anyone have any knowledge of their competitors and how easy it is to get into this business ?
Not Invested.
Since Steel (CR and HR) has gone up around 25% in last one year so this would be bad news for any company using steel and not able to pass on benefits to their customers.
I think beardsell will fit in that group. So I expect big margin impact in coming quartersâŚ
Given the confidence which the mgmt has been guiding for growth in AR & ppt, I think they could very well give a positive surprise.
Competitors like Pennar and Kirby India have done reasonably in the past and Beardsell has expertise - Marketing seems to be gearing up.
With reference to this video âinterviewâ of Mr Bharat Anumolu: whike the promoter does sound fairly confident, this entire video does seem like a âbuy my stockâ promotion. Seems it was published in April /May 2017. Trying to separate hype from reality and would like to especially invite comments from oubting Thomasâ out there.
Disc. : added small quantities for tracking in Sep 2017
Agreed that demonetisation and GST had adverse impact, but doesnât a 90 % YoY loss in EBITDA show that they have absolutely no pricing power? Or that they canât sell things on credit.
Humble request to fellow veterans to kindly provide inputs to my above queries.
Looks like a good turnaround ,
TTMNetProfitMargin 3.66 %
Debtor days and Inv Days are decreasing.
https://www.bseindia.com/xml-data/corpfiling/AttachHis/00b05881-0f85-48fe-bbb0-8a484cd49bb8.pdf
Disc: closely Tracking, waiting for companies quarterly results