The 6th monthly meet held in Feb-17 at Somaiya saw a turnout of ~40 people. This time, the format was one thematic presentation, and 3-4 short presentations on the top stock holding of the presentors. The presentors included
**Anandh Sundar on ‘Investors Guide to GST’-*__ @andy161161 *This presentation explained the GST provisions in brief, and highlighted the oft ignored risk/fine print.
Sagar Arya-on GHCL-@sagararya The presentation, based on a previous blog post(Sagar GHCL Post) and updated for current data, explained why the presentor was bullish on a ‘commodity stock’. The presentation Q&A helped people appreciate whether the company is ‘doing good’ or ‘going through a good time’, and of discounting earlier management sins
Avneesh-On HOEC-@avneesh The presentation started with the stock triggers of HOEC, and then a ballpark estimate of cash flows & P/E. While the company seemed to have a lot of options/projects, there also appeared a lot of uncertainty. Kudos to him for bringing up this little known company, and to audience for bringing up the technical points on reserves types, pricing freedom etc.
**Harshvardhan Agarwal-On Repco-**This low profile TamilNadu based MFI, has recently been the subject of an extremely active Valuepickr thread. In his presentation, Harsh dissected the company’s target segment, earnings, NPAs, valuations while also covering the company’s risks(eg-recent NPA spike in Q3’17 beyond the seasonal dip due to demonetisation). Harsh being an ex NBFC analyst in Motilal Oswal, he brought that institutional flair to the PPT.
Discussion on investing checklist Anandh @andy161161 presented some points on investing mistakes, which sparked some discussions.
Thanks to Yogesh @Yogesh_s @raahill @hhhkaustubh for helping coordinate, and Chandrasekhar for place arrangement @sekhar . Yogesh has been quite active on the VP forum as well on banks, NBFCs and most recently highlighting Ujaas inventory issue, and has sourced speakers for this time. Great job again.
Important note: Those interested in attending the next sessions please add yourself to the mailing list on https://groups.google.com/forum/#!forum/valueinvestormumbai Those desiring to join the Whatsapp group please inbox ANY(NOT ALL) of @andy161161 @Yogesh_s @narender -the direct link is suspended for now. DO NOT PUT YOUR MOBILE NUMBERS ON THIS THREAD. Those who wish to present or discuss their top stock holding can contact Yogesh, or me, and please put your details in this thread too ValueInvestors Mumbai Meetup preferences - Google Sheets
Presentations are below. By downloading them, you agree that all investment decisions are at your own risk, and that this is a business analysis not necessarily an investment recomendation
GST-An investors perspective.pdf (822.0 KB)
Gujarat Heavy Chemicals Limited.pdf-1.pdf (292.9 KB)
InvestmentChecklistsmistakes.pdf (73.5 KB)
Repco-ValuePickr-Feb17(1).pdf (88.0 KB)
HOEC_Presentation.pptx (300.8 KB)