Personal reminder to read between the lines
Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/7ed73bb4-384e-4a4e-8292-c049147eded2.pdf
Please post your latest portfolio snapshot
Havenāt been able to maintain my PF excel (more on this later) lately so providing a summary below:
After PPFAS, my top 5 holdings are: Godrej agrovet, Triveni, ami, sansera and exide.
a) Added some AMI and Sansera over the last few weeks.
b) In terms of exits, BCL Industries (~40%), M.K Ventures (approx 20% up), Cosmo First (this was 15 or 20 % down as far as I can remember).
c) Exited Helios and removed it from my watchlist. Deployed funds in Kennethās fund during the FPO (currently ~3.5% PF).
What I am looking at:
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Chemicals.
a) At 1600/1700 market cap, Astec seemed very interesting so I took an entry and added. This conflicts with Godrej Agrovet so I will need to review things here once I get brainstorming time.
b) Reviewing other opportunities here. -
Consumers and others:
a) VIP Ind, Tasty Bite, V Guard, Indigo, and Creative Newtech are on my watchlist.
b) Have taken a very small position in Creative but I am not sure if I will be able to take a large position here.
c) Something similar happened in VIP industries where I added and exited within the same week. But it seems very interesting.
These are some of the major changes I can think of. There were some other transactions too but I will need some time to maintain everything in my excel again and then update here.
As of now, I am burdened with a few things in my personal life which should last for a year or two. Luckily, I saw it coming earlier and was able to make most bets accordingly. I think Iāll be able to update properly after June or else September/October this year but too soon to confirm so letās see.
Disclaimer: I am not a SEBI registered advisor or analyst. This is my personal view and not a recommendation. I am often wrong and do change my views without being able to inform anyone.
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Any particular reason to exit BCL Industries?
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A couple of things bother me. But most importantly I invested in BCL with a short-term view.
(to be precise, wasnāt able to build a 3-5 year view on this and consulted someone. Then was able to build a short-term clarity) -
Seeing better opportunities for a 3-5-year view so wanted to cash out and prepare for volatile markets. Since the last few months, I have been slowly trying to remove stocks that need regular/quarterly tracking and BCL doesnāt make my preferred list.
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Can u please share your latest portfolioā¦
| Stock name | % of PF as per investment value |
|---|---|
| PPFASš | 22.8% |
| Triveni Engg | 7.6% |
| Ami Organics | 7.6% |
| Sansera Engineeringš | 7.6% |
| Exide Industries | 5.8% |
| Gokaldas (GOKEX) | 5.0% |
| Lupin | 4.2% |
| Shriram Piston | 3.8% |
| Astec Lifesciences | 3.8% |
| Sudarshan Chem | 3.8% |
| Craftsman | 3.8% |
| Shyam Metalics | 3.8% |
| TATA Motors - DVR | 3.8% |
| Old Bridge | 3.8% |
| L&T | 3.6% |
| NOCIL | 3.4% |
| Ion Exchange | 2.8% |
| Rolex Rings | 2.2% |
| Creative Newtech | 0.5% |
| SJS Enterprises | 0.3% |
Cash levels are considerably high. Will be looking to deploy over time
Itās been a while since Iāve reviewed my portfolio strategy. Hereās whatās influencing my thinking:
- Increased Commitments: Upcoming commitments limit the time I can dedicate to actively managing my portfolio. Iām looking for a more hands-off approach that aligns with my long-term goals. This means prioritizing stocks that require less frequent monitoring (compared to quarterly checks).
- Forensic Accounting Reliance: My current strategy relies on forensic accounting checks, which I outsource due to my knowledge limitations. This limits the potential investment watchlist.
Disclaimer: I am not a SEBI registered advisor or analyst. This is my personal view and not a recommendation. I am often wrong and do change my views without being able to inform anyone.
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Could you share the company/partner you outsource it to?
@abhishek_sinha Sorry, I am not sure if I can disclose this over a public platform.
One way to find answers could be by reviewing various fund houses (especially their past analyst teams). Some of them have/had competent analysts who started/ran their firms providing various services.
please share latest portfolioā¦
15th June 2024
| Names | Invested % |
|---|---|
| PPFASš | 23.8% |
| Triveni Engg | 8.0% |
| Ami Organics | 7.9% |
| Sansera Engineeringš | 7.9% |
| Exide Industries | 6.0% |
| Gokaldas (GOKEX) | 5.2% |
| Lupin | 4.4% |
| Shriram Piston | 4.0% |
| Astec Lifesciences | 4.0% |
| Sudarshan Chem | 4.0% |
| Craftsman | 4.0% |
| Shyam Metalics | 4.0% |
| TATA Motors - DVR | 4.0% |
| Old Bridge | 4.0% |
| L&T | 3.7% |
| Ion Exchange | 2.9% |
| Rolex Rings | 2.3% |
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There arenāt many/major changes. Sitting on cash as in the last few weeks. Havenāt deployed it during the 4th June crash. Would like to see more clarity.
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Exited NOCIL, Creative Newtetch, SJS. For the first two, I donāt think itās worth the risks (nothing wrong with biz BUT there are better spaces to deploy capital). In the case of SJS, I was hoping for a better valuation and had been tracking it. However, after the results season, not sure this is happening anytime soon. I will re-evaluate whenever I get time.
Disclaimer: I am not a SEBI registered advisor or analyst. This is my personal view and not a recommendation. I am often wrong and do change my views without being able to inform anyone.
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Can you share your views on Rolex Rings, looks fractionally overvalued to me.
And I guess you had removed it from your portfolio earlier , then recently added it again. Any specific reason?
@Aakash444 - The goal has been to play the capex cycle indirectly via leaders that could double earnings in 3 - 4 years (have been tracking it for sometime). The changes in the bearing (shift to forging, EV/Hybrid, etc) set up Rolex in an interesting position. There was a research report about the company sometime back that should give you more insights - LINK
The valuation is debatable and depends on the earnings one is looking at: TTM v/s future. At present, the stock discourages me from adding - there are reasons why it is amongst the lower portfolio allocations. Letās see when and how the EU recovery pans out.
The current buy is around ~1900/1950. The previous was slightly higher. I exited expecting some correction and was hoping to re-enter around 1600-ish levels but it didnāt go as per expectation. Re-entered with a small allocation. I rarely have been able to hold high valuations for long periods, so maybe I will exit again when needed.
Disclaimer: I am not a SEBI registered advisor or analyst. This is my personal view and not a recommendation. I am often wrong and do change my views without informing anyone. Please consult your financial advisor.
10th July 2024
| Names | Invested % |
|---|---|
| PPFASš | 24.7% |
| Triveni Engg | 8.3% |
| Ami Organics | 8.3% |
| Sansera Engineeringš | 8.2% |
| Exide Industries | 6.2% |
| Gokaldas (GOKEX) | 5.4% |
| Lupin | 4.5% |
| Shriram Piston | 4.2% |
| Astec Lifesciencesš | 4.1% |
| Sudarshan Chem | 4.1% |
| Craftsman | 4.1% |
| Shyam Metalics | 4.1% |
| TATA Motors - DVR | 4.1% |
| Old Bridge | 4.1% |
| Ion Exchange | 3.0% |
| Rolex Rings | 2.4% |
- I am struggling to find anything at a good valuation - I am raising cash. Have exited L&T at around 200% up.
- Considering reducing allocations or exiting from other holdings over today and the next weeks. Canāt say how will I act here as the thought process is still evolving.
Disclaimer: I am not a SEBI registered advisor or analyst. This is my personal view and not a recommendation. I am often wrong and do change my views without being able to inform anyone. Please consult your financial advisor.