Author: Raoji

Categories
AlphaIdeas

Alpha Ideas finds a mention in Bloomberg

There was an article in Bloomberg yesterday where Alpha Ideas found a mention

BSE Ltd., Asia’s oldest stock exchange, is seeking shareholder approval to sell as much as a 30 percent stake.

The bourse plans to sell a minimum of 10 percent, with an option to raise the size to 30 percent if more shareholders are keen to sell their holdings, according to a notice from the company. The exchange is closely held by member brokers and overseas firms including Deutsche Boerse AG and Singapore Exchange Ltd.

The BSE could offer the shares at 500 rupees apiece, valuing itself at about 54 billion rupees ($800 million), said Nitin Rao, founder of AlphaIdeas, a market-maker for the exchange’s stock. The company is expected to go public by January 2017, he said. The Multi Commodity Exchange of India Ltd., the only listed Indian exchange, is valued at 49 billion rupees.

Categories
Links

Linkfest:June 02,2016

Some stuff I am reading today morning:

Only Rajan can replace Rajan as RBI Gov (ET)

The illusion of bank capital (Rajwade)

Key takeouts from India’s GDP numbers (Jaggi)

Ajit Issac’s strategy for Quess (Forbes)

How the world’s largest oil trader makes Billions (Bloomberg)

Does Golden Cross work? (Prashanth)

Investment Fatwas for doctors (Subramoney)

The existing trend is not irreversible (TRB)

Vacation money is Crazy money (Financial Samurai)

Paranoia and Personal Finances (NYTimes)

Categories
Links

Linkfest: June 01,2016

Some stuff I am reading today morning:

Stay away from Indian Indexes (Bloomberg)

How we revised our way to 7.9% GDP growth (Capital Mind)

15% Service Tax from today (Scroll)

The undoing of Helion Venture Partners (Mint)

A look at textile stocks (RJ)

Interview with Saurabh Mukherjea (ET)

Research Report: Mahindra & Mahindra (Motilal Oswal)

Why you should choose a financial advisor (Bala)

Gold is headed to $4500 (DR)

Financial engineering is replacing real engineering (Satyajit Das)

Categories
AGM

What I heard & saw at the L&T Infotech AGM

(Disclosure:I am market making in the shares of L&T Infotech)

I attended the 20th L&T Infotech AGM today .

IMG_20160531_165350

This was the first AGM where external shareholders were invited and was glad to be present as history got created !!

Here is what I heard and saw:

  1. There were only 32 external shareholders.Most of them were L&T Infotech employees who came by the company bus !
  2. Chairman Naik walked in like a rockstar accompanied by 3-4 bouncers.
  3. The meeting started with everyone rising up to stand to the anthem.Only the anthem being played was not the National Anthem,but L&T anthem !
  4. The following resolutions were proposed and seconded:
  • Adoption of Accounts
  • Approval of Dividend of 2.6 Rs/share
  • Re-appointment of A M Naik as Director
  • Re-appointment of M/s Sharp & Tannan as Auditors
  • Re-appointment of Sanjay Jalona as Director
  • Re-appointment of R S Raman as Director
  • Re-appointment as Arjun Gupta as Director
  • Payment of Commission to Non-Executive Directors an amount not exceeding 1% of net profits of the Company

As expected,the AGM quickly got over.

Categories
CoatTailing

Portfolio of Lotus Global Investments

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

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Lotus Global Investments is a Mauritius based FII which invests in the midcap and smallcap space

It’s significant holdings in India as on 31 March,2016 as per Stock Exchanges is given below:

Company Name Symbol Entity Name Date End # of Shares % Value (In Crores)
Alembic Limited ALEMBICLTD Lotus Global Investments Ltd 201603 11978103 4.49 42.7
Aurum Soft Systems Ltd 530885 Lotus Global Investments Ltd 201603 1098747 1.69 0.11
Automotive Stampings and Assemblies Limited ASAL LOTUS GLOBAL INVESTMENTS LTD. 201603 466277 2.94 1.78
DCW Limited DCW LOTUS GLOBAL INVESTMENTS LTD 201603 4558898 2.08 13.15
Dhanlaxmi Bank Limited DHANBANK LOTUS GLOBAL INVESTMENTS LTD 201603 2455034 1.38 4.41
India Steel Works Ltd 513361 Lotus Global Investments Ltd 201603 5934300 1.49 1.59
JSW Steel Limited JSWSTEEL LOTUS GLOBAL INVESTMENTS LTD 201603 4164965 1.72 571.41
Parabolic Drugs Limited PARABDRUGS LOTUS GLOBAL INVESTMENTS LIMITED 201603 999159 1.61 0.43
Ruchi Infrastructure Ltd RUCHINFRA Lotus Global Investments Ltd 201603 5749434 2.8 3.39
Sterling Biotech Limited STERLINBIO Lotus Global Investments Ltd-Adr/Gdr 201603 13948302 5.8 4.53
Ushdev International Ltd 511736 Lotus Global Investments Ltd 201603 941412 2.78 2.44
Weizmann Fincorp Ltd 511074 Lotus Global Investments Ltd 201603 8800 3.59 0.21