Categories
Plug

Pre-IPO Opportunity in the shares of ICICI Pru Life

The leader in the Private Life Insurance space is ICICI Pru Life.Some salient features of the company:

  • Largest private insurer in India
  • 23% market share in private insurance space and 11.3% overall
  • PAT of 16.34 Billion Rupees-higher than that of LIC
  • Earnings Per share-11.43 Rs/Share
  • Book Value of 36.79 Rs/share
  • Dividend of 5.85 Rs/Share
  • 99.78% shares are held by promoters and 0.22% shares are held by employees
  • Last Employee Stock Option Scheme (“ESOS”) was on April 25,2008  with an exercise price of Rs.400 per share

A limited quantity of its shares are on offer for sale.

For those interested,please email me at Alpha Ideas.

Categories
ForecastingFolly

Forecasting Folly:Goldman Sachs Edition

Around a year back, Dalal Street’s finest at Goldman Sachs came out with a list of “high conviction” picks.

Leading the recommendations was that poster boy of Corporate Governance-DLF which was then quoting at 167 Rs/share.

Goldman Sachs gave DLF a target price of Rs.292 to be hit in the next 12 months-a potential upside of 74.5%

Yesterday,DLF closed at Rs.120.7 per share.

Forecasting Folly, anyone?

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Cartoon

Good Trade?

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Video

Prof Bakshi: The Prejudices of Mr.Market

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Links

Linkfest:September 09,2015

Some stuff I am reading today morning:

Don’t trust the market’s big up days (Bloomberg)

Cash rich companies look safe bets (ET)

How to really buy insurance (VRO)

How to save money using 15G/15H (BeMoneyAware)

Conspiracy of the rich (Subramoney)

7 stock recommendations from Ambit (NDTV Profit)

Deutsche Bank:Stocks,bonds,housing at peak valuations (BI)

Would Seth Klarman buy his own book? (CIO)

World’s best investment for next 12 months (PE)

6 reasons for David Swensen’s success at Yale (Common Sense)