tag:blogger.com,1999:blog-7004453.post8984438901059642095..comments2023-09-02T19:53:06.144+05:30Comments on Understanding and applying value investing principles: Analysis - Balmer LawrieRohit Chauhanhttp://www.blogger.com/profile/00356455735241398199noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-7004453.post-3568618592824090002009-04-24T12:11:00.000+05:302009-04-24T12:11:00.000+05:30Rohit..
Balmer Exiting Domestic Tea market.
http:...Rohit..<br />Balmer Exiting Domestic Tea market.<br /><br />http://www.hinduonnet.com/thehindu/holnus/006200904231552.htm<br /><br />regards<br />AniAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7004453.post-64798126073319327942009-04-20T10:20:00.000+05:302009-04-20T10:20:00.000+05:30Nice review Rohit.
My calculations also on the sam...Nice review Rohit.<br />My calculations also on the same line. Intrinsic value of the company comes around 1650 crores. That brings IV Rs. 1000 per share.<br />CMP is at 71% discount of IV.<br /><br />regards<br />AniAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7004453.post-77917111983266176672009-04-20T03:03:00.000+05:302009-04-20T03:03:00.000+05:30hi neeraj
the wide range of businesses is more of ...hi neeraj<br />the wide range of businesses is more of legacy of the company. i would personally prefer if the company exited the businesses with poor returns. however it may not be as easy as it looks as this is a PSU and there are labor and other issue involved with the poorly performing SBU<br />finally, on an aggregate basis the management is still doing a decent job and moving the right direction.<br />that is much more than what you get from almost 90% of pvt companies<br />regards<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-91784913061040781562009-04-20T03:00:00.000+05:302009-04-20T03:00:00.000+05:30Hi anonymous
my personal goal is to beat the marke...Hi anonymous<br />my personal goal is to beat the market by 5-8% (not 5-8 % returns) which translates into approximate returns of around 18-23% per annum on portfolio basis.<br />this is my personal goal, not something i am recommending for others<br />I also do not give buy or sell recommendations on specific stocks and leave it to the readers to make their own decisions<br />regards<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-77489176844190752462009-04-20T02:43:00.000+05:302009-04-20T02:43:00.000+05:30hey rohit..
dsnt it bother u that the company has ...hey rohit..<br />dsnt it bother u that the company has too many unrelated businesses..dsnt this affect mgmt efficiency? diversification is fine..but this is takin it to the limit a bit huh? ;-)<br />neerajNeeraj Marathehttps://www.blogger.com/profile/03486291069433987277noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-796736155395248092009-04-18T23:50:00.000+05:302009-04-18T23:50:00.000+05:30Hi hari
you can read this thread on TED - http://w...Hi hari<br />you can read this thread on TED - http://www.theequitydesk.com/forum/forum_posts.asp?TID=1964<br /><br />it talks of all the aggresive accounting going on , especially around forex losses<br /><br />regards<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-37442958931705802002009-04-18T20:02:00.000+05:302009-04-18T20:02:00.000+05:30dear rohit sir
i am an indian army doctor followin...dear rohit sir<br />i am an indian army doctor following u veryfaithfully.<br /> so had a handsome gain from oct08 portfolio<br />but i sold off balmer at 250 price since ur blog says 5-8% return<br />sir i am still a novice at exit strategy shall i enter it at current levels tooAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7004453.post-2304166246008386092009-04-18T11:52:00.000+05:302009-04-18T11:52:00.000+05:30Thanks Rohit.
I looked up Google too. It's got 3 ...Thanks Rohit. <br />I looked up Google too. It's got 3 listing for NSE:<br /><br />BALMLAWRIE (this seems to be actual symbol - closing price 287.95)<br /><br />BALMLAWRIE.RL<br />BALMLAWRIE.BL<br /><br />On BSE:<br />523319 (closing price 290.20)<br /><br />I guess I will have to get used to the BSE and NSE symbology. <br /><br />Regards,<br />SantoshSantosh Nairhttps://www.blogger.com/profile/17583004698983767299noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-84085437200412647822009-04-18T11:07:00.000+05:302009-04-18T11:07:00.000+05:30Hi santosh
NSE and BSE are two main stock exchange...Hi santosh<br />NSE and BSE are two main stock exchanges in india.<br />traditionally companies were listed on BSE and some regional exchange<br /><br />the NSE was started a few years back and i think (not sure though) it must be the largest exchange now. so companies are listed on it.<br /><br />so i think these two exchanges are the largest in india and hence most companies are lised on both<br /><br />i am not sure if there arbitrage present to a large extent, especially after the bid ask spread and commission<br />not sure why yahoo has balmer lawrie listed in that. try looking it up on google finance or some indian financial website<br /><br />regards<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-15874489034908223932009-04-18T11:02:00.000+05:302009-04-18T11:02:00.000+05:30Hi hari
aggressive accounting is a fairly broad to...Hi hari<br />aggressive accounting is a fairly broad topic. example of aggresive accounting would booking revenue earlier than actual sales or even if the returns are possible, writing off assets to reduce depreciation expense and massage future earnings etc. In a nutshell, aggresive accounting involves lumping losses together so that the future profits can be artifically inflated.<br />the capital allocation information is not explicit in the annual report. you have to see how the ROE is trending and what kind of investments the management has done and what kind of returns they have got in return<br /><br />regards<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-76079276637615362222009-04-18T09:35:00.000+05:302009-04-18T09:35:00.000+05:30Hi Rohit,
I have some questions as I am not famili...Hi Rohit,<br />I have some questions as I am not familiar with the Indian exchanges. As per the comapany's investor relations website, this stock is listed on both NSE and BSE. <br /><br />1) What is the advantage of listing on different exchanges in the same country as there must be costs involved in listing? Is it to get exposure to more investors and increase liquidity as the two exchanges have different clientele?<br /><br />2) Does this lead to arbitrage opportunities? I believe the closing price for this stock was different on both exchanges but can't really confirm.<br /><br />3) The company's website lists the symbols as follows:<br /><br />Bombay Stock Exchange Ltd.<br />523319<br /> <br />National Stock Exchange of India Ltd<br />BALMERLAWRIE<br /> <br />Strangely, searching on yahoo for the company brought up this result:<br /><br />BALMLAWRI.NS BALMER LAWRIE & CO LTD NSE <br /><br />BALMLAW_a.NS BALMER LAWRIE & CO LTD NSE<br /><br />Two listings on NSE with slightly different prices. No sign of BSE listing.<br /><br />Being familiar with only US exchanges (NYSE & NASDAQ), I find this quite confusing.<br />Any clarifications in this regard appreciated.<br /><br />Thanks,<br />SantoshSantosh Nairhttps://www.blogger.com/profile/17583004698983767299noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-15909621618447129952009-04-18T09:08:00.000+05:302009-04-18T09:08:00.000+05:30Hi Rohit,
In this article you have mentioned tha...Hi Rohit,<br /><br />In this article you have mentioned that the accounting in the company is not aggressive.<br />Could you please explain this as I can't understand what it means.<br />Also could you please confirm as from where you are getting information related to the Allocation of Capital.Is it mainly from the Annual Reports ?<br /><br />Thanks,<br />HariUnknownhttps://www.blogger.com/profile/03129513156997367555noreply@blogger.com