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smartcat
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Joined: 29/Mar/2007
Location: India
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   Posted: 04/Jun/2007 at 5:51pm |
| Network18 Fincap 16,42,000 shares (5% stake) |
This is exactly the kind of pleasant surprise that I like. What is 'Spance Tele'? What does it do?
I hold Reliance Capital because it seems to be the best way to take exposure to future growth in retail finance & insurance. My other option was Indiabulls Finance - but generally brokerages don't cover Indiabulls (because Indiabulls is their competitor). Reliance Capital is a well researched stock in comparison - suits my style of investing. For investors with higher risk taking capacity, Indiabulls Fin probably makes better sense.
While there might be a 30% CAGR growth in stock price, it might not be the case with EPS growth. The insurance holding is a bit complicated - Edel Cap says Reliance Capital owns 100% 'economic interest' in insurance arm but hold only 25% directly. The rest is held by an 'associate company' of Reliance Capital.
The increase in stock price will be because of increasing valuation of insurance and retail broking/finance businesses.
MF arm valuation is fairly easy. Mutual Fund houses are generally valued at 7% of AUM. The exact percentage depends on the mix of equity MFs and debt MFs.
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kulman
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Joined: 02/Sep/2006
Location: India
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Posted: 04/Jun/2007 at 11:39am |
Devesh
Thanks for opening this thread.
I had almost forgotten about RelCap as fortunately I hold these shares in physical form. Demat mein hota toh.....? Mere andar ka Mungerilal pata nahin kya karta!
Lage raho Anilbhai....
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Life can only be understood backwards—but it must be lived forwards
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smartcat
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Joined: 29/Mar/2007
Location: India
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Posted: 04/Jun/2007 at 11:43am |
Physical form? Woh kya hota hain Kulman Ji? 
If you have 100 shares of Rel Cap, do you get 1 certificate or 100 separate share certificates? Since I've never seen a share in physical form, I think I've missed something important in my investing life.
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kulman
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Location: India
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Posted: 05/Jun/2007 at 12:03pm |
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Life can only be understood backwards—but it must be lived forwards
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deveshkayal
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Joined: 04/Sep/2006
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Posted: 05/Jun/2007 at 9:02pm |
Originally posted by smartcat
| Network18 Fincap 16,42,000 shares (5% stake) |
This is exactly the kind of pleasant surprise that I like. What is 'Spance Tele'? What does it do?
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Smartcat, One more surprise for you!
Rel Cap holds 6.27% stake in GBN.I have updated the report.Marathon Ambani made the right move.He seems to be bullish on Media companies.
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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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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 05/Jun/2007 at 9:36pm |
Devesh, RelCap holds 14.55% stake (91,77,215 shares) of Maxwell Inds (VIP chaddi/banian)
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Life can only be understood backwards—but it must be lived forwards
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deveshkayal
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Posted: 05/Jun/2007 at 9:38pm |
Ha Ha Ha!
I will update the same.Thanks.
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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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smartcat
Senior Member
Joined: 29/Mar/2007
Location: India
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Posts: 4243
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Posted: 05/Jun/2007 at 10:21pm |
Devesh, when you talk about percentage holdings in these companies, do you mean that the asset management arm (Reliance MF) holds these shares? Or is it in the company's (Reliance Capital) investment portfolio?
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