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Linkfest:October 07,2015
Some stuff I am reading today morning:
India is the world’s fastest growing economy (Mint)
Cafe Coffee Day sets price band for IPO (ET)
Are fund benchmarks flawed? (VRO)
Reflections on seed investing (Haywire)
Decline in profit margins signals a recession (BI)
Inside Steve Cohen’s ‘Academy’ (BI)
Risky strategy sinks small hedge fund (Dealbook)
A global recession is coming (Bill Bonner)
Retirement blues-beyond money (Bala)
How two guys lost God and made $40 Million (Bloomberg)
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Dual disadvantage mutual fund
DSP Blackrock Dual Advantage Fund Sr34 turns out 2 b Dual DISADVANTAGE for investors-NAV nevr gets into positive whether equity/debt perform
— Ambareesh Baliga (@ambareeshbaliga) October 4, 2015
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.
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