ValuePickr Forum

Vivek Gautam Portfolio

Can you please explain this for lesser mortals like me?

I’ve also applied for the IPO. Will see how many shares gets allotted.

I intend to hold for some time.

EV(Embedded Value) is a criteria used for finding valuation of an Insurance co.Its defined by IRDA. Icici Pru EV is 3.4 vs 4.1 for MAX HDFC. Further IRDA is very stingy in computing EV for insurance co vs otehr cos in other nations as per informed csources. FOR EV exact meaning take the help of Google Baba

I intend to hold this quality stock .

The anchor investors are believed to have included Government Of Singapore, Nomura, Monetary Authority Of Singapore, National Pension Service Managed By Oaktree Capital Management LP, The Boeing Company Employee Retirement Plans Master Trust, Russell Emerging Markets Funds, Oaktree Emerging Markets, Pggm World Equity Ii BV and National Westminster Bank Plc as trustee of the Jupiter India Fund. The investors also included Goldman Sachs, Morgan Stanley, Copthall Mauritius Investment Limited, Integrated Core Strategies Asia Pte Ltd, as also DSP Blackrock, Chennai 2007, GMO Funds, HDFC Standard Life Insurance, Rochdale Emerging Markets, Legg Mason Western Asset Asian Enterprise Trust, Wasatch Global Opportunities Fund, as also various mutual fund schemes of Tata MF, Reliance MF, UTI MF, SBI MF, Birla Sunlife, L&T MF, IDFC MF, Kotak Mahindra MF, Sundaram Mutual Fund and Edelweiss Mutual Fund.

Read more at: http://www.moneycontrol.com/news/ipo-upcoming-issues/icici-pru-ipo-anchor-investors-get-rs-1635-cr-worth-shares_7468841.html?utm_source=ref_article

Incidentally Howard Marks the great investor and Co Chairman Oaktree capital has invested heavily as anchor investor.These are very high quality investors in for a long time.

2 Likes

Allotted 1 Lot of ICICI Prudential.

Reposting my presentation on my investment journey and learning of nearly 20 years for the benefit of new investors and on request of few friends.

Hope VPers find it useful .

Any queries most welcome.

Investment Journey Learning & Thesis Sep 16.pdf (839.2 KB)

17 Likes

Vivek,

Thanks a lot for sharing your investing journey. I have already read your previous presentation n number of times, its really very very helpful.

I am also able to get good insights from Hitesh’s Investment journey and other valuable members experience sharing from 2016 Goa meet. Thanks to all of you.

regards
Santhosh

@Vivek_6954 very nice presentation Vivekji. I just had one query - How do you decide the amount to be put into in an opportunity ? Do you have any rule of thumbs or any pearls of wisdom for us ?
For a newcomer, this is the biggest grey area for me - dont know how much to put into one opportunity even if I know its a good deal.

Thanks. It depends upon the no of stocks and your comfort level. If you want to have 10 or 15 stocks t then its 10% or 7% approx.

Allocation is as important as stock picking.

Alternatively you invest 3-4% of your portfolio and then let the stock do the rest.

3 Likes

@Vivek_6954 What is your view on Sonata. I mean are you happy to see the new promoters doing the right things which you initially intended. Are you still invested ?

Chance to add?
​ICICI Pru makes tepid debut, stock plunges over 5% from issue price

Yeah it is disappointing value, and a learning experience. All news channels, market expert and grey market indicates it will be 10 to 20 %.

I am holding on to my allotment

I’m holding on to allotment and have bought more today. It is a long term story not for listing day gains.

1 Like

Yeah i understand, but how investors can trust on brand like icici. Small investors can some expectations on IPO listing in positive atleast.

From a customer point of view, ICICI is one of the worst among pvt banks. From an investor point of view, icici bank is one of the worst compared to other big pvt banks in terms of wealth creation!

2 Likes

@hitesh2710
I was reading Warren buffet. I understood that the insurance business really helped buffet to do his other acquisitions , as the insurance business generally runs on negative working capital and is cash rich . So the insurance business was not much beneficial to the minority shareholders , but definitely was a gem for the owner.

My understanding is that icici bank is the major stakeholder of icicu pru. All ready they have got a 6000 crores approx of infusion, so in the Long run icici pru might or might not be good for minority shareholders , however should definitely work for ibank.

Discl: No interest and exposure in ipru .
Small invt in ibank

Why not add Vivekji? Same business cheaper by 10% :slight_smile:

@v4value @Vivek_6954

Some info Abt ipru -ON 31st Dec 2015 and 31st March 2016 ipru had sold in secondary transactions , 4 % and 2% stake to PREMJI INVEST and Temasek @226 approx.

1 Like

wonderful ppt, appreciate the time taken out by you in making these slides which will serve as a guideline for all of us

Thanks. So nice to not that u find it useful