Source:Holger
Germany’s 2y yields hit fresh record low at -0.36%.
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Author: Raoji
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Rakesh Jhunjhunwala on Indigo
Air India’s market share is shrinking every year. There are not many planes on order. Indigo is the lowest cost airline.Can you imagine he invested Rs 300 crore, he has taken away Rs 3,500 crore as dividend. The Return on Capital (RoC) is 300 percent.
And if you just make his first quarter’s earnings into four he will earn about just 640 multiplied by 4 is Rs 2,600 crore which is about Rs 80 per share. Rs 80 per share what price is it coming. At 765 it is coming at 10 times earnings and I am very bearish on oil prices. I don’t see them going anywhere in 3-5 years.
So, it is a leader, the industry – one large player is shrinking, others don’t have money, he has got the largest planes on order, he is the lowest cost operator. It is a no brainer–said Rakesh Jhunjhunwala
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Linkfest:November 11,2015
Some stuff I am reading today morning:
Rakesh Jhunjhunwala on Samvat 2072 (Moneycontrol)
Govt announces FDI reforms in 15 sectors (ET)
Indigo makes strong debut on listing (FE)
Nehal Chopra’s Tiger Ratan Fund loses 2000 Crores (RJ)
My Equity Call now (Subramoney)
SPA Research:Sell Ashok Leyland (MyIris)
Are your forecasts better than random walk? (CFA Institute)
Right Place, Right Time (Irrelevant Investor)
Trend Following is Dead (Price Action Lab)
The rise of Airbnb’s full time landlords (Bloomberg)
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Portfolio of Azim Premji
This post is in continuation of my coat tailing series (see here)
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Azim Premji is one of India’s greatest industrialists and philanthropists.He invests in his own name and through his private equity fund PI Opportunities
His significant investments (excluding his promoter holdings) in India aggregating around Rupees 500 Crores as on 30 Sept,2015 as per Stock Exchanges is given below:
| Company Name | Symbol | Entity | Date End | # of Shares | % | Value (In Crores) |
| DCB BANK LIMITED | DCBBANK | PI OPPORTUNITIES FUND – I | 201509 | 7912355 | 2.79 | 69.31 |
| Future Lifestyle Fashions Limited | FLFL | PI OPPORTUNITIES FUND – I | 201509 | 15527950 | 8.19 | 118.09 |
| JM Financial Limited | JMFINANCIL | Azim Hasham Premji | 201509 | 21875000 | 2.77 | 94.06 |
| Jyothy Laboratories Limited | JYOTHYLAB | PI OPPORTUNITIES FUND I | 201509 | 2303446 | 1.27 | 71 |
| Trent Limited | TRENT | PI Opportunities Fund I | 201509 | 921223 | 2.77 | 128.05 |
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Revolving Gateway of India
Source:TOI
The revolving Gateway of India…FIIs invest due to our superpower image, withdraw due to duperpower image