Categories
Links

Linkfest: 28 March, 2018

Some stuff I am reading today morning:

‘FANG’ stocks tank (CNBC)

Income Tax Dept freezes bank accounts of Cognizant (ET)

Bumper listing by Bandhan Bank (Mint)

Manipal, Fortis to merge hospital business (BS)

Lone dissenter sounds warning on India Banks (Andy Mukherjee)

How long can a good fund under perform its benchmark? (Morningstar)

Buying panics are rare (Irrelevant Investor)

Things that fund managers don’t say (Behavioural Investment)

Uncertainty and Risk (A VC)

Don’t follow your passion, follow your success (RetireBy40)

Categories
CoatTailing

Top 5 Holdings of Amansa

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

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Akash Prakash of Amansa Capital is a well known investor in the Indian Markets.

Amansa’s top 5 Holdings as on 31 Dec,2017 as per Stock Exchanges is given below:

Company Name Symbol Entity Value (In Crores)
Cyient Limited CYIENT AMANSA HOLDINGS PRIVATE LIMITED 479.92
Bharat Financial Inclusion Limited BHARATFIN AMANSA HOLDINGS PRIVATE LIMITED 481.74
MindTree Limited MINDTREE Amansa Holdings Private Limited 573.39
The Federal Bank  Limited FEDERALBNK AMANSA HOLDINGS PRIVATE LIMITED 585.92
SRF Limited SRF AMANSA HOLDINGS PRIVATE LIMITED 855.44
Categories
Excerpts IPO

Penta Gold: When Demonetization is an ongoing risk

Source: DRHP Filings of Penta Gold Ltd

Categories
Links

Linkfest: 27 March, 2018

Some stuff I am reading today morning:

Flop show of ICICI Securities IPO (BS)

Most Equity Funds fail to beat benchmarks (BL)

TPG Group nears deal for Fortis (Quint)

India bonds lose their charm for foreign investors (Reuters)

Why getting the ‘right price’ for Air India will be tough (Rediff)

Is money really an incentive? (Subramoney)

CEO Pay: Unlinked to performance (IIAS Advisory)

There is no next Warren Buffett (TRB)

On the one hand (Common Sense)

Buffett & Munger on investing in spinoffs (Value Walk)

Categories
Observations This is India !

NMDC = No Money, Dividend Compulsory

This post belongs to my This is India ! series

NMDC held a Board Meeting on 17th March, 2018 and decided not to issue an interim dividend

The market reacted very badly and the stock crashed by around 7% the next trading day.

So imagine the market’s surprise when less than 10 days later NMDC offered a whopping interim dividend of Rs.4.3  (Dividend Yield of 3.5%)

The fact that the dividend is proposed to be paid before 31st March, 2018 betrays the fact that the Co was arm twisted by its largest shareholder (the Govt of India) who will gain around 1,340 Crores from the dividend.