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basant
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Joined: 01/Jan/2006
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   Posted: 23/Aug/2009 at 7:47pm |
Two stocks that you would like are Visaka Industries and Precision Wires. Why not start a thread on these? SInce you have been championing the cause for micro cap investing I thought these two should be started by you. They are both at 5% yield. 
Originally posted by smartcat
I will remember that the next time!
| What happened sir.............no new stock introduced......????? |
For the next two weeks, I intend to increase my holdings in all the recently acquired micro-caps & smallcaps. No time to do research on new stocks.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Hitesh Shah
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Posted: 23/Aug/2009 at 8:05pm |
For the last year, Precision Wires has drastically reduced its dividend to Rs. 0.80 per share or about 1.5% at CMP of Rs. 55.20. The ex-date for this is 10/9/2009. Management were quite blunt while announcing this, saying it was time to conserve cash. The stock price has appreciated by about 45% in the last ~1.5 months and this has caused the exchanges to move it into the T2T group about two weeks ago  .
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deveshkayal
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Posted: 23/Aug/2009 at 8:32pm |
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What is the total number of stocks in your portfolio ??
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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Vivek Sukhani
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Joined: 23/Jul/2006
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Posted: 23/Aug/2009 at 8:55pm |
Originally posted by Hitesh Shah
For the last year, Precision Wires has drastically reduced its dividend to Rs. 0.80 per share or about 1.5% at CMP of Rs. 55.20. The ex-date for this is 10/9/2009. Management were quite blunt while announcing this, saying it was time to conserve cash.
The stock price has appreciated by about 45% in the last ~1.5 months and this has caused the exchanges to move it into the T2T group about two weeks ago. |
Another dividend casualty......?
Another such company which comes to my mind is Tata Metaliks. The most shameful point about Tata Metaliks is their attempt to 'justify' the loss in the Annual report. Luckily for them, I am not a shareholder in this company, otherwise I would have definitely attended the AGM and crossed swords with them with all my might.
Am also looking forward to Thirumalai's report....but I dont expect it to as shameless as tata metaliks.
The thing is, these commodity users have tried to speculate by jacking up inventory levels to abnormal levels when prices were moving up and bore the brunt of the inventory loss when the price of raw materials collapsed. Thats the problem of selling a product which is not 'differentiable'....these companies simply dont have any market power, and are price takers.
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Jai Guru!!!
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smartcat
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Posted: 23/Aug/2009 at 9:07pm |
Visaka looks pretty decent - will take a close look at it (along with Banco) for my next round of investing.
| What is the total number of stocks in your portfolio |
55. Top 5 stocks contribute 42% to the portfolio weight though.
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Vivek Sukhani
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Joined: 23/Jul/2006
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Posted: 23/Aug/2009 at 9:13pm |
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If you are looking at Visaka, also have a look at Hyderababd Industries.
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Jai Guru!!!
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basant
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Posted: 23/Aug/2009 at 9:12am |
DISCLAIMER : I am not invested into these nor would I get invested at any time! I have put these stocks just for academic interest.
Originally posted by smartcat
Visaka looks pretty decent - will take a close look at it (along with Banco) for my next round of investing.
| What is the total number of stocks in your portfolio |
55. Top 5 stocks contribute 42% to the portfolio weight though. |
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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subu76
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Joined: 25/Feb/2008
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Posted: 23/Aug/2009 at 10:39am |
Originally posted by Vivek Sukhani
Originally posted by Hitesh Shah
For the last year, Precision Wires has drastically reduced its dividend to Rs. 0.80 per share or about 1.5% at CMP of Rs. 55.20. The ex-date for this is 10/9/2009. Management were quite blunt while announcing this, saying it was time to conserve cash.
The stock price has appreciated by about 45% in the last ~1.5 months and this has caused the exchanges to move it into the T2T group about two weeks ago. |
Another dividend casualty......?
Another such company which comes to my mind is Tata Metaliks. The most shameful point about Tata Metaliks is their attempt to 'justify' the loss in the Annual report. Luckily for them, I am not a shareholder in this company, otherwise I would have definitely attended the AGM and crossed swords with them with all my might.
Am also looking forward to Thirumalai's report....but I dont expect it to as shameless as tata metaliks.
The thing is, these commodity users have tried to speculate by jacking up inventory levels to abnormal levels when prices were moving up and bore the brunt of the inventory loss when the price of raw materials collapsed. Thats the problem of selling a product which is not 'differentiable'....these companies simply dont have any market power, and are price takers. |
I don't know about these specific companies.
But I have an impression that some of these companies have taken a lot of the hits right now in terms of inventory writedown when the going was tough in any case...so that they can show better growth going forward.
Not sure if this is ethical behavior but i doubt it can be faulted on accounting grounds.
One such example is Apar.
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