Hi All,
The Jan-18 monthly meet happened at Vorq Business Space, Andheri(E). With a nearly 3mth hiatus between the last one and this one, there was quite a bit of active participation and turnout of 45+ people in a limited 50 seat hall. Thanks to all presentors for their presentations, and the brief meeting report is below. Please DO NOT ping asking to be added to the whatsapp group, we are about full now.
@dd1474 presented on insolvency framework and its implications for investors looking to benefit from these cigar butts. He contrasted the present approach with earlier frameworks that were promoter friendly.
@jatinderagarwal presented the updated data sheet on insurance companies, in his concise and entertaining manner. People were left seeking more, so maybe one next time
**Gurmeet Singh presented on JK Paper, and also why we should not lump all paper stocks together without diffrentiating the business.
@SinghiGirish presented on KCP, a cyclical stock on which he had just entered before its 25% run up. The discussion centred around the low declining ROCE, entire company for the price of just cement(capital (mis)allocation, cement olipogolies amid low utilisation.
Nitiin Khandkar(founder of Beyond Quant) presented on company analysis. While this was basic for our more experienced participants, I believe those with 0-4yrs exp got the maximum value
@maheshkmurthy leveraged his day job experience of industrial sales, and presented on Bhansali Engineering Polymers. While he managed to simplify the complex terminology of ABS, audience Q&A centred around whether its capacity plans were realistic, and the zero debt status lasting for long.
Tejesh Shah from Spark Capital led a discussion on why multibaggers may be overlooked with an example of Page Industries. Key points covered included franchisee renewal risk, promoter holding(or selling), labour risk, price point risk, single distribution for basic and premium, promoter hunger for growth, FCF generation trend, foreign competition, dividend policy etc. In a concise 10min, he presented his retrospect on a stock seen by him for a decade
Presentations used at site(Excluding Tejesh)
BEPL Investment Rationale.pptx (46.1 KB)
KCP.pptx (45.3 KB)
VP Mumbai Insolvancy and Bankruptcy code January 2018 (2).pptx (146.9 KB)
Insurance - Jan 2018.xlsx (88.8 KB)
Company Analysis (Nitiin A. Khandkar - BQiT).pdf (2.4 MB)
Jan2018_JK Paper_vFF.pdf (1021.8 KB)