Friday, February 4, 2011
An update on stuff..
Hello people. Well, you have had to bear with me and my blog for quite some time now. I had discussed some stock ideas in various posts before. So, lemme put out an update about what happened to all those stocks.
I had written about MTNL being a value trap on 21st April, 2010. The price has moved down from Rs.74 to about Rs.50. I still maintain it is a value trap. A company i will probably never look at, as an investment candidate.
I had written about Kesar Enterprises demerger on 21st April, 2010. The demerger is through, shares of new company Kesar Terminals have been alloted and listed. I did earn about 15% in the entire transaction. However, there was a huge delay in the entire demerger and listing process. What was expected to happen in 2 months took more than 6 months. The delay has hit my annualised returns :-( I have been a seller of Kesar Terminals above Rs.115. Kesar Enterprises was sold off around the ex-date itself at an average price of Rs.62.
I had written about Aditya Birla Chemicals being really cheap, on 27th April, 2010. Since then, the price has moved up from Rs.87 to Rs.140. The company is entering a capex phase, which could depress return ratios for a couple of years. It is still not very expensive. I do not have any position in the stock at present.
I had written about LG Bala and Gujarat Alkalies as shorter term positions on 27th April, 2010. Both the stocks moved up. I have closed my positions in both with profit of about 30% and 10% respectively.
I had written about Ashiana Housing on 28th May, 2010. The stock moved up well and was beaten down again as problems with Lavasa started. Delays caused by Lavasa debacle could hit profitability for the medium term for sure. I still maintain it to be an excellent company.
I had written about ACGL on 2nd June, 2010. The company reported phenomenal numbers in the recent quarter. Looks like Murphy's Law is not longer hitting the company. :-) The price has moved up from Rs.230 to Rs.350. Though margin of safety does not appear to be high at present market cap, there could be triggers like a merger happening, which could help unlock more value in the stock.
I had written about Phillips Carbon on 22nd June, 2010, in which I had said that even though it seemed to be in a sweet spot, I would not take a position in it. The stock price has moved down from Rs.186 to Rs.130 since then. However, here, I have been proven right for all the wrong reasons! The company did not report good numbers, as was expected. Further, a likely large acquisition by the company has dampened sentiment about the stock. Got lucky here! :-)
I had written about Binani Cement delisting on 25th November, 2010. The price has moved up from Rs.83 to Rs.91 since then. The reverse book building will start on 7th February, 2011. I intend to tender my shares at Rs.110. Let us see how it goes..
I had written about Dai Ichi Karkaria on 26th November, 2010. It is indeed an interesting case. Few readers also put across interesting points that I was not aware of. The price has moved down from Rs.48 to Rs.43. Worth another and even more indepth look for sure.
I had written about Alembic demerger on 31st December, 2010. I had advocated buying it below Rs.55. The price had not moved and looks like it wont come to my price at all. In that case, I will give this opportunity a miss.
I had written about Jyoti Structures on 12th January, 2011. I got out of the position on the ex-date itself (in hindsight, I got out at a very good price). I will be applying to the rights issue. Lets see how this one goes.
Well, there you go folks. Hope you had a good time at the blog. New ideas are a bit hard to come by still. Am looking at a few really interesting candidates. Will update soon.
Cheers and happy investing!!