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kanagala
Senior Member
Joined: 31/Mar/2007
Location: India
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Posts: 1229
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   Posted: 05/Jun/2007 at 1:25am |
Originally posted by deveshkayal
Originally posted by kishan
Aptech is missing !!!
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Yes, Aptech is missing.
I think RJ entered Praj at 70-80 levels.Praj low in 2004 was 72.65 on 16/03/2004. |
In last 5 years, Praj returns are around CAGR of 250%.
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investor
Senior Member
Joined: 06/Sep/2006
Online Status: Offline
Posts: 1745
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Posted: 05/Jun/2007 at 10:15am |
I also follow the same policy, i dont believe in reducing weightage of something just because it has run up. In fact, i try and add on to that position.
Originally posted by basant
Personally I have a policy of letting the profits run rather then tinker with the percentage holdings - people say that rebalancing is essential for reduction in portfolio risk but on the similar note a rebalancing also moves out the weightage from companies that are performing!
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The market is a place where people with money meet people with experience.
The people with experience get the money while people with money get experience!
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go4lalit
Senior Member
Joined: 27/Aug/2006
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Posts: 135
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Posted: 06/Jun/2007 at 9:37pm |
Another aspect of RJ is that whatever stock he entered had a great margin of safety. We often forget abt margin of safety and try to chase stocks.
He himself admintted that entering NIIT was a mistake, but he did not loose money as there was a huge margin of safety. Similarly in any other non-performing stocks he did not loose money.
After all the returns depend on the price that u pay for the stock.
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go4lalit
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Joined: 27/Aug/2006
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Posts: 135
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Posted: 06/Jun/2007 at 9:38pm |
Bhusan Steel is also missing in the portfolio
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deveshkayal
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Joined: 04/Sep/2006
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Posts: 3903
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Posted: 06/Jun/2007 at 10:10pm |
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While RJ's direct shareholding in Aptech is just 2%, if one includes Margenta Textiles, his partnership firm's holding, the total holding increases to around 26%.
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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: 06/Jun/2007 at 10:39pm |
Basant jee
Just two observations for your comments:
1. Exchanges disclose details of shareholding above 1% only. Is it really safe to assume that RJ has sold all his TV Today holding? Or is it that he has sold partly but it is now below 1% stake?
2. In financial services sector (barring Crisil) RJ holds smaller companies i.e. Geojit & KVB and these are not sector leaders nor in top 5 maybe.
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Life can only be understood backwards—but it must be lived forwards
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 06/Jun/2007 at 10:45pm |
RJ holds smaller companies i.e. Geojit & KVB and these are not sector leaders nor in top 5 maybe
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I do not think that a Bank has to be a sector leader leader in order to qualify for invetsment otherwise we would have recommended only SBI and ICICI bank.
Each branch in a bank contributes nothing to other brances except for bringing in some economies in scale when it comes to advertsising and top level salary cost distribution!
Geojit is an exception but then the leader there IndiaBulls and Kotak have done better then Geojit in terms of price appreciation. Kotak is a diversified play though - finally everyone has his own way of making money.
Assuming he holds 1% of Tv Today it coems to Rs 8 crores which is 0.4% of his declared portfolio.Not sure why he would like to keep that when he had 5% of Tv Today.
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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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xbox
Senior Member
Joined: 10/Sep/2006
Online Status: Offline
Posts: 2001
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Posted: 06/Jun/2007 at 5:34am |
Bank ownership is restricted by RBI and few rules. Despite post 2009, scenario, we hardly find big shareholding from these big names. I am not sure what are rules but RBI restricts shareholding pattern in Banks. Please throw some light if any TED is aware of ...
RBI is not in favor of big shareholding from individual but they like institutions to own banks. This is one reasons on why TATAs of India never got Banking license.
Geojit has ambition of becoming financial power house, so any under-performance could be supported by smart people. KVB is pure play on takeover.
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Don't bet on pig after all bull & bear in circle.
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