IFCI is looking good @ Rs. 49.5. Allocate 2.5% of original portfolio Size to this stock at this price.
Tuesday, May 10, 2011
Monday, May 9, 2011
Portfolio Change No. 8
Sell Coal India @ Rs. 382. I recommended this stock on 8th February. It has given very good return of 25%.
Buy Financial Technologies @ Rs. 805. Allocation to this stock is 2.5% of original portfolio size. We earlier bought this stock @ Rs. 750 and sold at Rs. 920.
Buy CESC @ Rs. 288. Allocation to this stock is 2.5% of original portfolio size resulting into total exposure to this stock is now 5% of original portfolio size @ Rs. 289. Earlier 2.5% bought at the level of Rs. 290.
Level of Cash on hand is 37.715% of original portfolio size.
Happy Investing......
Buy Financial Technologies @ Rs. 805. Allocation to this stock is 2.5% of original portfolio size. We earlier bought this stock @ Rs. 750 and sold at Rs. 920.
Buy CESC @ Rs. 288. Allocation to this stock is 2.5% of original portfolio size resulting into total exposure to this stock is now 5% of original portfolio size @ Rs. 289. Earlier 2.5% bought at the level of Rs. 290.
Level of Cash on hand is 37.715% of original portfolio size.
Happy Investing......
Monday, May 2, 2011
Buy Gujarat Alkalies
Buy Gujarat Alkalies @ Rs. 138. Total Allocation will be 5% of Original Portfolio Size. Cash on hand after this purchase will be 38.965%.
It is to be noted here that earlier we bought Gujarat Alkalies at Rs. 131 and sold at Rs. 158.
It is to be noted here that earlier we bought Gujarat Alkalies at Rs. 131 and sold at Rs. 158.
Friday, April 29, 2011
Performance Review - Portfolio
It's pleasure to share that for the month ended April 2011, MY PORTFOLIO has delivered better return than its benchmark from the inception date. Benchmark has delivered return of +7.84% while MY PORTFOLIO has delivered return of +9.89% resulting into out-performance by 26%.
Average of Nifty and Nifty Junior will be the benchmark for MY PORTFOLIO.
| Particulars / Date | 8th February 2011 | 30th April 2011 | % Return |
| Nifty (1) | 5345 | 5750 | 7.58 |
| Nifty Junior (2) | 10525 | 11377 | 8.10 |
| Average (1+2)/2 | +7.84 | ||
| My Portfolio | 100 | 109.89 | +9.89 |
Cash on Hand as on 30th April is 43.965% of Original Portfolio Size. If investor had started with investment of Rs. 1,00,000/- then Cash on Hand will be Rs. 43965/-.
Market Value of Original Portfolio i.e. Rs. 1,00,000/- would be Rs. 1,09,890/- (Including Cash of Rs. 43965/-)
Those who are new to this blog, can find all the details in following table. Details of percentage allocation to each security can be acquired from separate post in past.
| Equity | RECO Date | Price on RECO | STATUS | Exit Date | CMP / Exit Rate | Return% |
| Reliance Ind | 8/2/2011 | 920 | SOLD | 5/4/2011 | 1040 | 13 |
| Financial Tech | 8/2/2011 | 750 | SOLD | 4/4/2011 | 915 | 22 |
| PNB | 8/2/2011 | 1025 | SOLD | 5/4/2011 | 1170 | 14 |
| Satyam | 8/2/2011 | 60 | SOLD | 6/4/2011 | 75 | 25 |
| Gujarat Pipavav Port | 8/2/2011 | 54 | SOLD | 28/4/2011 | 61 | 13 |
| gujarat Alkalies | 5/4/2011 | 131 | SOLD | 18/4/2011 | 157 | 20 |
| Reliance Infra | 8/2/2011 | 670 | HOLD | 660 | -1.49 | |
| NHPC | 8/2/2011 | 24 | HOLD | 25.9 | 7.92 | |
| POWERGRID | 8/2/2011 | 97.5 | HOLD | 104 | 6.67 | |
| GE Shipping | 8/2/2011 | 288 | HOLD | 285 | -1.04 | |
| Coal India | 8/2/2011 | 305 | HOLD | 380 | 24.59 | |
| Piramal Health | 8/2/2011 | 440 | HOLD | 458 | 4.09 | |
| Indian Oil | 8/2/2011 | 325 | HOLD | 340 | 4.62 | |
| Tata Steel | 8/2/2011 | 620 | HOLD | 616 | -0.65 | |
| CESC | 8/2/2011 | 290 | HOLD | 308 | 6.21 | |
| Bajaj Holding | 19/2/2011 | 741 | HOLD | 785 | 5.94 |
HAPPY INVESTING........
Thursday, April 28, 2011
Sell Gujarat Pipavav Port
Sell Gujarat Pipaval Port @ Rs. 61. I recommended this stock on 8th February at Rs. 54 giving return of 13%.
Monday, April 18, 2011
Sell Gujarat Alkalies @ 20% profit in 12 days
I recommended Gujarat Alkalies on 6th April @ Rs. 131 and currently trading at Rs. 158 giving gain of 20%.
One should not wait for more gain. Stock market gives lots of opportunities. Book profit in Gujarat Alkalies.
Cash on hand will be 41.14% of Initial Portfolio Size. If initial portfolio size was Rs. 500000/-, cash on hand will be Rs. 205700/-
Happy Investing
One should not wait for more gain. Stock market gives lots of opportunities. Book profit in Gujarat Alkalies.
Cash on hand will be 41.14% of Initial Portfolio Size. If initial portfolio size was Rs. 500000/-, cash on hand will be Rs. 205700/-
Happy Investing
Wednesday, April 6, 2011
Profit booking & Portfolio Addition
Satyam is trading up by 8% at Rs.76. It is advisable to book 100% profit in Satyam at Rs. 75 as it has delivered fantastic return of 25% in short time. I recommended this stock on 9th February at Rs. 60.
Buy Gujarat Alkalies 5% of Initial Portfolio Size @ Rs. 131.
Cash on hand will be 35.13% of Initial Portfolio Size. Initial Portfolio size refers to investment made on very first day of Portfolio recommendation.
Buy Gujarat Alkalies 5% of Initial Portfolio Size @ Rs. 131.
Cash on hand will be 35.13% of Initial Portfolio Size. Initial Portfolio size refers to investment made on very first day of Portfolio recommendation.
Tuesday, April 5, 2011
Time to book profit
Book 100% Profit in Reliance Industries @ 1040 giving return of 13%.
Book 100% Profit in Punjab National Bank @ 1170 giving return of 14%
Cash on Hand will be 33.875% of Original Portfolio Size.
Original Portfolio Size may vary from investor to investor. It may be Rs.1,00,000 or 5,00,000 or 10,00,000.
% of Cash will be calculated on Original Portfolio Investment only.
Now waiting for some correction or consolidation to deploy cash
Happy Investing............
Book 100% Profit in Punjab National Bank @ 1170 giving return of 14%
Cash on Hand will be 33.875% of Original Portfolio Size.
Original Portfolio Size may vary from investor to investor. It may be Rs.1,00,000 or 5,00,000 or 10,00,000.
% of Cash will be calculated on Original Portfolio Investment only.
Now waiting for some correction or consolidation to deploy cash
Happy Investing............
Monday, April 4, 2011
Time to book profit
Financial Technologies has delivered fantastic return of 22% in short duration. There is nothing wrong in booking profit at this stage by selling 100% of this stock @ Rs. 915
Keep cash on hand because cash is king. Cash on hand will be now 19.7% of total original portfolio size.
Happy Investing.........
Keep cash on hand because cash is king. Cash on hand will be now 19.7% of total original portfolio size.
Happy Investing.........
Thursday, March 31, 2011
Performance Review - Other than Portfolio
I recommended not to subscribe in PTC India Financial Services IPO and stock today closed at Rs. 24.65 which is 12% discount to its IPO price of Rs. 28
At the same time, I recommended to invest into PFC at Rs. 236 and today stock closed at Rs. 250 which is positive return of 6% .
Happy Investing........
At the same time, I recommended to invest into PFC at Rs. 236 and today stock closed at Rs. 250 which is positive return of 6% .
Happy Investing........
New Visitor - Recommended Portfolio
Those who are not following the blog since beginning, following table consists recommended portfolio.
Portfolio has delivered positive return of 5.92% in 51 days.
| Sr. No | Equity | % of Portfolio Value | Reco. Date | CMP |
| 1 | Reliance Infra | 5 | 8-Feb-11 | 670 |
| 2 | Reliance Ind | 7.5 | 8-Feb-11 | 920 |
| 3 | NHPC | 7.5 | 8-Feb-11 | 24 |
| 4 | POWERGRID | 7.5 | 8-Feb-11 | 97.5 |
| 5 | Financial Tech | 10 | 8-Feb-11 | 750 |
| 6 | GE Shipping | 5 | 8-Feb-11 | 288 |
| 7 | Coal India | 5 | 8-Feb-11 | 305 |
| 8 | Piramal Health | 10 | 8-Feb-11 | 440 |
| 9 | PNB | 5 | 8-Feb-11 | 1025 |
| 10 | Satyam | 5 | 8-Feb-11 | 60 |
| 11 | Indian Oil | 5 | 8-Feb-11 | 325 |
| 12 | Tata Steel | 7.5 | 8-Feb-11 | 620 |
| 13 | CESC | 2.5 | 8-Feb-11 | 290 |
| 14 | Gujarat Pipavav | 2.5 | 8-Feb-11 | 54 |
| 15 | Bajaj Holding | 7.5 | 19-Feb-11 | 741 |
| 16 | Cash | 7.5 | 8-Feb-11 | 7.5 |
Portfolio has delivered positive return of 5.92% in 51 days.
Performance Review - Portfolio
| Date | 8-Feb-11 | 31-Mar-11 | Return% |
| Nifty | 5345 | 5834 | +9.15 |
| Nifty Junior | 10525 | 11279 | +7.16 |
| Average | +8.16 | ||
| My Portfolio | 100 | 105.92 | +5.92 |
Benchmark for My Portfolio is Average return of Nifty and Nifty Junior.
My portfolio has delivered positive return of 5.92% during this period but comparing it with its benchmark there is under performance by -27.45%.(5.92-8.16)*100/8.16
My target is to give out performance by +100% over a period of time.It is advisable not to get confuse with return % and out performance %.
Negative out performance % does not suggest there is loss. It is to be seen in relation with its benchmark to measure efficiency of Portfolio Manager.
Happy Investing.....
Wednesday, March 16, 2011
Portfolio - Addition
Allocate 50% of Cash to Bajaj Holding & Investments Limited i.e. 7.5% of Total Portfolio Size @ 741 CMP. Keep 7.5% cash on hand.
Happy Investing.....
Happy Investing.....
PTC India Financial Services Ltd.
PTC India Financial Services IPO is opening today. As per RHP, Capital History is shown in following table.
Preferential allottment is being made to GS Strategic and Macquaire at Rs. 16/- in January & April 2008. Price of Rs. 16/- is at 60% premium than what promoter is ready to pay because Power Trading Corporation which is being promoter company allotted shares @ Rs. 10/- only in April 2008.
One natural natural question comes to mind how any investor can be convinced for making investment at such higher price than what promoter is being offering. It is possible when purblic issue timings were decided in advance at the time of preferential allottment. Now Macquaire is going to dilute its stake by selling 2.92 Crore shares resulting into average buying cost of Rs.11.27 if issue subscribes at Rs. 28. Now premium of 12.7% is justifiable to the price at which shares are being offered to promoter in 2008.
If we compare average buying cost year ended 31/3/2009, then, Investor got the shares at 14.75% discount i.e. at Rs. 11.27/- while average buying cost to Promoter is Rs. 13.22/-.
Why company not opted for IPO route in 2008 itself??? It may be because market was not willing to give such huge valuation which is being offered now and company was in need of fund.
Post listing, it will be clear whether market is ready to give valuation what company is asking. But even if company does not get those valuation and shares got lists at 25% discount, who cares????? Nine months ended Dec. 2010 EPS is of Rs. 0.72 and we assume EPS of Rs. 1 for year ended March 2011 then company is asking for P/E of 28 times at upper band.
Power Finance Corporation EPS for nine month ended Dec. 2010 is Rs. 17.53 and we assume EPS of Rs. 23 for full year Ended March 2011. That results into P/E of just 10 times at the price of Rs. 236 today.
Go for PFC...........Do not subscribe to PTC India Financial Services Ltd.
Happy Investing
| Date | No. of Shares | Price | Particulars |
| 30/11/2006 | 3,000,006.00 | 10 | PTC - Promoter |
| 30/11/2006 | 1,000,000.00 | 10 | PTC - Promoter |
| 25/5/2007 | 50,000,000.00 | 10 | PTC - Promoter |
| 31/1/2008 | 18,000,002.00 | 16 | GS Strategic Investments |
| 31/1/2008 | 18,000,002.00 | 16 | Macquaire India Holdings |
| 10/4/2008 | 91,999,994.00 | 10 | PTC - Promoter |
| 10/4/2008 | 15,666,665.00 | 16 | GS Strategic Investments |
| 10/4/2008 | 15,666,665.00 | 16 | Macquaire India Holdings |
| 30/3/2009 | 10,000,000.00 | 10 | PTC |
| 30/3/2009 | 181,250,001.00 | 16 | PTC |
Preferential allottment is being made to GS Strategic and Macquaire at Rs. 16/- in January & April 2008. Price of Rs. 16/- is at 60% premium than what promoter is ready to pay because Power Trading Corporation which is being promoter company allotted shares @ Rs. 10/- only in April 2008.
One natural natural question comes to mind how any investor can be convinced for making investment at such higher price than what promoter is being offering. It is possible when purblic issue timings were decided in advance at the time of preferential allottment. Now Macquaire is going to dilute its stake by selling 2.92 Crore shares resulting into average buying cost of Rs.11.27 if issue subscribes at Rs. 28. Now premium of 12.7% is justifiable to the price at which shares are being offered to promoter in 2008.
If we compare average buying cost year ended 31/3/2009, then, Investor got the shares at 14.75% discount i.e. at Rs. 11.27/- while average buying cost to Promoter is Rs. 13.22/-.
Why company not opted for IPO route in 2008 itself??? It may be because market was not willing to give such huge valuation which is being offered now and company was in need of fund.
Post listing, it will be clear whether market is ready to give valuation what company is asking. But even if company does not get those valuation and shares got lists at 25% discount, who cares????? Nine months ended Dec. 2010 EPS is of Rs. 0.72 and we assume EPS of Rs. 1 for year ended March 2011 then company is asking for P/E of 28 times at upper band.
Power Finance Corporation EPS for nine month ended Dec. 2010 is Rs. 17.53 and we assume EPS of Rs. 23 for full year Ended March 2011. That results into P/E of just 10 times at the price of Rs. 236 today.
Go for PFC...........Do not subscribe to PTC India Financial Services Ltd.
Happy Investing
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