Dear Vikas ji,
What’s your opinion on Zen Technologies now after the not so good Q3 results.
Regards
Check order book : Very dismal — Even margins have come down. Other income has contributed to earnings.
In Anti drone h/w - Zen tech is just assembling. Imports from Taiwan and possibly don’t even own embedded software. Ideally u should prefer an innovator.
Also the R&D team - check LinkedIn profiles around the RD staff - all tier 3 colleges i guess less on experience. Which collaborates the fact that they just assemble and tinker the assembled hardware and software. The CEO is a Bsc grad and great at marketing on TV channels.
I am still holding in profit, lumping of government contracts is a valid concern, nothing extraordinary for the business.
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Vikas ji any new picks in the dip or portfolio remains unchanged
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Hi Vikas Ji, Any changes on the portfolio.
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Latest folio status:
CAGR approx 34% since inception, 7 years ago. Currently about 10% below peak. Calculations are considering the withdrawn amount too. 15% up in past year. Total 18 stocks.
Kaynes and Macfos sold out since last update about the liquidation for house buying funds. Added Axiscades, Blue jet tracking @phreakv6 mainly.
About 40% of funds are used in 3 house assets. This has reduced my interest in the markets, which was declining anyway, not that it was much to begin with. Overall market sentiment is also bit boring.
Past 3 years performance curve as per zerodha:
Explanation here:
Absolute value curve for past year.
Both declines are the liquidation for withdrawal of funds, luckily coincidental with the peaks.
Portfolio:
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Please advise selection criteria of stocks and also at what technical point you try to enter
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Exited BLS International and bought Raymond realty, wanted to book losses and find something else cheap to buy, Raymond realty has been demerged recently and facing selling from institutions who have to stick to various rules for their holdings. BLS was the smallest holding, have mistimed it twice now, something looked disturbing about its decline. Realty cycle seems to still have some growth left.
Disc: unqualified to advise, hence please do your own research.
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Interesting pick in Realty. But doesn’t the leadership of a documented thief like Gautam Singhania who got the board of Raymond to sell prime mumbai houses at sub par rates worry you. Real estate is a notorious for poor governance and even more poor morals.
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Yes, interesting pick is how I would put it! Yes, promotor is a very doubtful character. That is the big risk in this one. Real estate is like you mentioned, consider it part of the game. I mostly don’t like realty, judging also that it’s cycle may have peaked already. Position sizing is such that I don’t think much about it. Technically, price action looks like the bottom, which was the attraction here. Mumbai realty focus is also interesting.
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how do you catch the bottom? I am not that sharp in technical analysis
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@vikas_sinha are you still holding E2E ?, last quarter results were not good.