tag:blogger.com,1999:blog-7004453.post8414276373381815499..comments2023-09-02T19:53:06.144+05:30Comments on Understanding and applying value investing principles: Analysis - Facor alloysRohit Chauhanhttp://www.blogger.com/profile/00356455735241398199noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-7004453.post-31537632499660576192010-11-08T14:04:13.167+05:302010-11-08T14:04:13.167+05:30Hii Rohit,
I have also bought Facor Alloy @ 7 few...Hii Rohit,<br /><br />I have also bought Facor Alloy @ 7 few months back... it then went to 5 odd levels but managed to get back around 7... what shall be the target?Visheshhttps://www.blogger.com/profile/16696560239676012954noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-19313255860475152312010-09-16T15:19:44.419+05:302010-09-16T15:19:44.419+05:30Hi Rohit ,
The company is making a return of app...Hi Rohit , <br /><br />The company is making a return of approx 10-20 crores annually and the asset turnover ratio is a very good one . Currently it has plans to diversify into Facor Power and has had made investments in this direction . I feel the company has potential to go to 8-9 on a conservative side . Besides , Facor Alloys seems to have no expansion plans on core business but the power investment seems to be a different business plan . Overall I feel it is a good stock to hold with decent return . Please comment on your current take on FANishanthttps://www.blogger.com/profile/07910956950216049492noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-8108698714538713392010-04-25T05:14:02.400+05:302010-04-25T05:14:02.400+05:30Hi ani
i have seen the same news and planning to p...Hi ani<br />i have seen the same news and planning to post. however i would base my decision on such talks alone. one has to be convinced about the stock<br /><br />rgds<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-12319071453923807642010-04-21T10:37:55.710+05:302010-04-21T10:37:55.710+05:30Rohit,
ArcelorMittal eyes stake in Ferro Alloys Co...Rohit,<br />ArcelorMittal eyes stake in Ferro Alloys Corp‎. Yesterday BS published this news. <br /><br />http://www.business-standard.com/india/news/arcelormittal-eyes-stake-in-ferro-alloys-corp/392465/<br /><br />What is your analysis about Facor considering this news?<br /><br />Is it OK to truck load the Facor ?<br /><br />regards<br />AniAniruddhahttps://www.blogger.com/profile/11483611948764893946noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-77571988653303850832010-04-06T01:11:12.346+05:302010-04-06T01:11:12.346+05:30Hi Rohit,
Thanks for responding. Since the compa...Hi Rohit, <br /><br />Thanks for responding. Since the company is into processing, it should be about volume processed no? I would imagine that the margin they enjoy would not differ much. <br /><br />As for the price according to Indian inflation, I think that's not a completely correct argument, since the prices are mostly set due to international movements and right now heavily dependent on China's demand. It might be profitable (or not) but I am not sure if comparing price to Indian inflation is a valid one. <br /><br />Regards,<br />GauravAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7004453.post-28075298146312190542010-04-03T02:08:18.451+05:302010-04-03T02:08:18.451+05:30@sms guy..
Compact Disc is scam of a company. None...@sms guy..<br />Compact Disc is scam of a company. None of the movies/telefilms/animations that they have mentioned in their annual reports have ever happened. Its a very shady company and its promoters have got criminal cases against them. They have a dubious track-record of floating companies, siphoning off the funds and then closing down that venture and float another one. Stay away from this company.Sachin Purohitnoreply@blogger.comtag:blogger.com,1999:blog-7004453.post-88025306592750513302010-04-02T23:10:07.207+05:302010-04-02T23:10:07.207+05:30hey rohit gr8 work
pls have a look at compact dis...hey rohit gr8 work<br /><br />pls have a look at compact disc<br />and vst industries<br />looks goodsms guynoreply@blogger.comtag:blogger.com,1999:blog-7004453.post-83834470487244451452010-04-01T21:03:35.071+05:302010-04-01T21:03:35.071+05:30hi sachin
thats true ..it was a basket case - aka ...hi sachin<br />thats true ..it was a basket case - aka BIFR case. however they appear to have turned around in the last 6-7 yrs. is this sustainable or a fluke ? cant say<br />hence the risk is high. finally this is more of an exploratory position for me, not a serious one<br /><br />let me look at the other companies u mentioned<br />rgds<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-7097259118186464552010-04-01T21:01:52.333+05:302010-04-01T21:01:52.333+05:30Hi anon
i believe you. i have no pretensions on th...Hi anon<br />i believe you. i have no pretensions on the management qlty. i have stated that in my post also. that said, corporate governance is an issue with almost all microcaps. the point is, can one value such stocks and still profit from them over the mid to long term.<br /><br />my small position and analysis is to explore that. i have no plans of making this bigger postion at all<br /><br />rgds<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-45695592272015968572010-04-01T21:00:09.532+05:302010-04-01T21:00:09.532+05:30hi gaurav
that would work in case the company owne...hi gaurav<br />that would work in case the company owned mines. in this case facor does processing and hence one cannot do asset based valuation.<br />you are right on the price part of it. in case of all commodity companies, price is critical. if chrome alloy price were to crash, the stock price would too<br /><br />as of now ferro chrome price are up 60% from the bottoms, but still around 10% higher from 3 yrs back. so inflation adjusted they are now at the same levels as 3 yrs back. as a result i feel and ofcourse dont know for sure, that the price may not crash from these levels<br />rgds<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-79793904193125111632010-04-01T20:55:46.907+05:302010-04-01T20:55:46.907+05:30hi rammurthy
i dont think its a knack. i look at a...hi rammurthy<br />i dont think its a knack. i look at annual reports and use google. and there is still a long way to go for me. but i think i am moving in the right direction and should keep improving. holds true for others too<br /><br />rgds<br />rohitRohit Chauhanhttps://www.blogger.com/profile/00356455735241398199noreply@blogger.comtag:blogger.com,1999:blog-7004453.post-87950193200545515332010-04-01T19:12:01.787+05:302010-04-01T19:12:01.787+05:30I had glanced through this company's financial...I had glanced through this company's financials, a week ago. The first impression I had was that this business has just come out of a mess that the group from which it demerged. There is not any adequate data to be able to find its management's or its business model's merits or demerits. I did not go any further on analyzing Facor.<br /><br />There are some other interesting businesses I had an opportunity to glance through in the small-cap segment. Would like to get your views on Mazda Ltd, Anuh Pharma and Kabra Extrusion.Sachin Purohitnoreply@blogger.comtag:blogger.com,1999:blog-7004453.post-67626999028608418272010-04-01T15:43:41.248+05:302010-04-01T15:43:41.248+05:30Hi
My father used to work for this company. The p...Hi<br /><br />My father used to work for this company. The promoter family does not have a capable manager who overlooks the business and they are not interested in minority shareholders and don't know what corporate governance is (for ex a certain component of salary to the employees is in cash). <br />This company struggled for a long time and the only thing that has helped it do well despite all the wrong things that they have done is high chrome prices. To sum it up it is a very dangerous play on the chrome prices which buy the way Mr. Mittal had famously said before the crisis where the next big issue that steel industry faces after iron ore prices. I would say you are playing with fire. Stay away.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7004453.post-20699120904083239062010-04-01T13:15:31.897+05:302010-04-01T13:15:31.897+05:30Hi Rohit,
I am an extreme novice investor so fee...Hi Rohit, <br /><br />I am an extreme novice investor so feel free to correct my analysis. Disclaimer aside, here it goes.. <br /><br />It seems that the right way to calculate the intrinsic value would be take into account proven resources and multiply it with the commodity price subtracting for the cost of production. While I haven't done that it does seem this is a play on commodity price - no?<br /><br />Comments?<br />GauravAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7004453.post-42788734173413235672010-04-01T11:29:23.395+05:302010-04-01T11:29:23.395+05:30believe me if i have this knack of getting this i...believe me if i have this knack of getting this information and compiling i will be the happiest man.I want to do myself like this.I dont know how to do.For ennore coke i want to do like this.i am a regular reader of your blog.please continue ur service.i learned a lot from uramurthyhttps://www.blogger.com/profile/08000638572287551329noreply@blogger.com