Lasa Supergenerics Limited


(arun10dec) #481

This link takes you to an article which was published in 2016…how come it is a recent activity???


(dn2017) #482

I am doing the same. The entire sentiment in this forum is about value but price invariable becomes the king especially when it begins sinking. At that point, fundamentals begin to matter less and market forces rationale counts more. I have closely tracked signs of fraud or bad intent and found them lacking. In fact, in B2B business, it builds great customer appreciation if you bite the bullet and absorb losses if costs go up suddenly. To a certain extent of course. One would want pricing power, ability to pass off costs to customers, but it is not possible always. Fixed Cost projects in IT is a great example of that.
~ Disc - long term investment in Lasa with shares in tens of thousands, averaging strategy each time market drives it down,


(rv007) #483

This actually came on their twitter handle on july 31st…

That way, it is recent! :smile:


(Shyam) #484

@dn2017
Yes. As long as the promoter holds significant shares and didn’t pledge a big chunk, he is still investes in company’s success. So, if we can then bring down the risk of management being crooked, we will still need to work on other possibilities (1) Management doesn’t have capability or doesn’t know how to manage (2) Company runs a risk of bankruptcy before turn around to profitability (3) A better opportunity exists in other companies like Sequent Scientific etc.


(paraa) #485

I bought it around 150 and exited after the news of rights issue came .I mentioned about it back then that time that market is not liking the news of rights issue but some one was counter arguing against it saying its not because of that and fundamentals are all on track.One thing i learnt from the markets is that market punishes management who is hungry for cash unless the management is very very high quality.the management got greedy seeing their stock price go up after ipo listing and wanted to get as money as much as possible from the market. Many prudent ones in the market sensed it and got away.These are the acts which convey things about management more than any interview or financial performance.

I think some one who was invested more than 50% of their portfolio in Lasa and hope they exited at a stop loss price .


(paresh.sarjani1) #486

Lasa reduces losses …cuts down production…

appointment of new CFO…new additional director

Question remains intact… are the figures genuine…


(Shyam) #487

Another question is, how much inventories do they hold? Also, with recent China shake up, how is their partnership with the Chinese firm shaping up?

As per the numbers, we got to assume it is genuine, with a risk of fraud. I think that is already priced in. I am more concerned with how long can the business sustain and how long would it take for profitability. If I remember right, Omkar mentioned that it will take 2 quarters to pass the cost of raw materials to consumers. The next quarter will be the one where the reason of raw material cost wont apply.


(Rahul2015) #488

Any details about the conference call?
Couldn’t find any with the results.


(Shyam) #489

I saw this on outcome of board meeting. Does this mean share dilution…?
Why would the company try expansion plans when they have ongoing issues?


(paresh.sarjani1) #490

They are planning rights issue probably. But it will only come once market conditions improve


(Saket) #491
  1. Qualification of CFO is not mentioned. Earlier CFO appointed by company didn’t join.
  2. The time of AGM 9:00 AM at Mahad???. It seems the company does not want shareholder to attend.
  3. The WTD has 8 year of experience and in eight years he worked with 4 companies.
    This speaks about talent company is hiring.

Future of LASA is shaky.

Disclousre: Invested


(b_tyagi) #492

The Annual Report 2017-18 gives remunerations of senior executives. The company is quite conservative in awarding financial remunerations even to its senior executives. It is quite likely that the CFO and Whole Time Director who resigned this year, did so because of low remunerations, and not due to issues related to corporate governance. I am tempted to think that the resignation of the auditors this year in February too might have been related to issues related to their payments rather than corporate governance matters.

Disclosure: Invested, hence my views may be biased.


(maheshkumar) #493

I was shocked today to see the price of lasa after long time .Last time it was trading at triple digits and now it’s near single digit .Is anyone following Lasa .Is it a good entry point or it’s a dump stock Looks like promoter have dumped all the stock at triple digit valuations.Its a great stock to learn about greedy and cheeky management.
Yesterday Bought tracking position at 19 .


(Shyam) #494

I am not sure if the promoter sold any shares. However, the company is now making a loss.
The last time, they blamed it on the increase in raw materials. Now, the crude price has increased from that level. Wondering if they will be showing a loss now as well.
There is very little base by which one can evaluate a small company when it is having a loss and has a questionable management. Unless they post consistent and meaningful profit, I am looking at a permanent capital loss. (there might not be enough cash to burn for long)

I hold it in my portfolio as a reminder to do DD when investing in risky ventures. Still slight hope left in terms of turning around. Fingers crossed.


(jaindevyash) #495

Was there any con call for Q1FY18. If yes can anyone share the transcript?


#496

I did try to warn their ways as they have not changed in the last 5-6 yrs. Unfortunately, I got lot of pushback from folks who were bullish here.