Just went through the entire thread - some excellent work by @Chins and others, kudos. I didn’t know till recently that RPSG Ventures is a listed entity. Its a shame, given that I have close friends right up top at The Souled Store!
Anyway, better late than never. Over the past few days, the FSL holding discount has narrowed to close to 72% and STEL Holdings have been buying. However, we must remember that RPSG Ventures has debt equal to almost 80% of the present market cap. And so at an EV level, the discont is much lower, at slightly above 50%. This is the discount we should be tracking and not just the market cap discount.
Disclosure: Have taken a tracking position a couple of days back. Will scuttlebutt about my friend’s impressions of the management quality of Guiltfree and Herbolabs before adding to it.
Full portfolio here The Vineet Jain portfolio