Author: Raoji

Categories
Links

Linkfest: November 09, 2017

Some stuff I am reading today morning:

Dubai real estate-The promised land for Indian investors (MC)

BharatFin-IndusInd spread offers trading opportunity (ET)

Arvind’s demerger plan (Mint)

HDFC Life to have muted listing  (BL)

Foxy Funds, Sneaky Answers (Amit)

How Amazon could upend the pharmacy business (Quint)

Luxury Market: Indians are not label whores (Vir Sanghvi)

Fang Futures (Macro Tourist)

Never do that again (Morgan Housel)

Considerations for cashing out of the stock market (Ben Carlson)

Categories
Observations

National Peroxide: Thief gets 36 Cr, Investors 12 Cr

National Peroxide reported a profit of around 48 Crores last year.

Now it turns out,one of their employees embezzled 36 Crores !

Source: Nov 08, 2017 Exchange Filings of National Peroxide

Considering that National Peroxide is such a small company, one wonders about the quality of internal audits at other Wadia Companies like Bombay Dyeing,Brittania, Go Air etc !

Categories
CoatTailing

Portfolio of Sequoia Capital in India

This post is in continuation of my coat tailing series (see here)

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Sequoia Capital is a legendary PE firm known for having backed Apple, Google etc

Its listed holdings in India as on 30 September,2017 as per stock exchanges is as given below:

Company Name Symbol Entity Value (In Crores)
Just Dial Ltd JUSTDIAL SEQUOIA CAPITAL INDIA GROWTH INVESTMENT HOLDINGS I 43.66
Quickheal Technologies Ltd QUICKHEAL Sequoia Capital India Investment Holdings III 70
Ujjivan Financial Services Ltd UJJIVAN SEQUOIA CAPITAL INDIA INVESTMENTS III 160.48
Categories
Links

Linkfest: Nov 8, 2017

Some stuff I am reading today morning:

Crash in pharma stocks triggers panic (BL)

SEBI mulls increasing minimum public shareholding (MC)

Why small businessmen are worried under GST (ET)

Lenders to RCom face uphill struggle (FE)

Nikkei at 25 year high (ZeroHedge)

Can bitcoin be tamed? (TRB)

How right decisions and compounding can lead to huge results (ODD)

Wilbur Ross is a fake billionaire (Forbes)

How Prince Alwaleed became a Billionaire (Morningstar)

Timing strategies based on relative strength (Asset Allocation)

Categories
Excerpts

Why Gujarat Borosil reminds me of Sholay

In the cult movie Sholay, one of the most memorable dialogues goes like this:

Gabbar Singh: Arre O Samba, Kitne Inaam rakhe hain Sarkar hum pe?

Samba: Poore Pachas Hazaar

Translated:

Gabbar Singh: Hey Samba, How much reward the Govt has kept on me?

Samba: Fully Fifty Thousand Rupees

Seems to have inspired Guj Borosil to dole out a  cash reward of “Poore Pachas Lakh” for a job well done.

From the 2016-17 AGM Notice of Gujarat Borosil: