Mann's Portfolio

Q&A: Questions & Answers Portfolio Q&A
43

Hello VP members,
Have not updated PF in a while here,
Hence updating it after almost 5 months.
2 out of top 3 position still remains same

  1. SKP Bearings
  2. Creative Newtech
  3. Kontor Spaces
  4. AVG Logistics
  5. Mold - Tek Technology
  6. Galaxy bearings
  7. Misc. (10% - 5 stocks)

Added Kontor due to Co-working tailwinds → Check the write up of mine in on VP

AVG Logistics → they are trying to be the first asset light logistics company, they are doing work in cold chain logistics in Nagpur and Odisha, there’s some major subsidy for set up and post that there’s high margin (28%) for the business,
if they scale up quickly like they are promising they must be trading at 1.25x PEG

Let me know views if any

44

Bit curious on the SKP bearing holding. If I’m not wrong the capex will go live in FY26, right? How are you so comfortable holding this in this market where there are plethora of opportunities

Disc: Not tracking SKP , not invested

1 Like
45

Hello ,
As you have written that AVG logistics is trying to be the first in the cold chain logistic. Actually there is a company name Snowman Logistics who is working on it and has got quite a market share.

46

I’ll suggest you to read carefully before commenting,
I said first co. Trying to be asset light not first in cold chain logistics,
Also they might be the first co. in 3PL in cold chain

Happy to dicuss further in DM

47

Capex has already gone live,
And even if it were supposed to go in FY 26,
Why so much near sightseeing?

If i wanted to hamper around I could have been trading,

Most of my past bets were also from a view of 3+ years some of them rewarded very quickly,

Had to churn some due to other opportunity,

I’ll suggest talking with SKP sir and doing other scuttlebut,

The corporate governence and management quality is top notch,

Bearings in itself is turning around,

I’ll be happy to hold when there’s extreme euphoria around anyways😅

It’s just my thought process can be wrong though.

1 Like
48

Ops my bad . Yes for sure would love to discuss :grinning:

49

Creative newtech is an interesting bet however what do you think about its poor OCF

50

Its growing very fast, and the business is essential a distributor, so optimizing working capital is key here, in order to grow this fast, more cash is going in then coming out.

51

True but then won’t it require constantly new funding which might lead to higher debt / equity raise whilst also paying high interest costs. I like the business especially the upcoming Honeywell partnership but this is the only thing holding me back

52

Well, licensing business will have better CF.