Sat Aug 4 2018~Mumbai Funda Equity Workshop~Spotting Gold Mines & Side Stepping Explosive Ones

Fundamental Equity Workshop in Mumbai
Stock Selection ~ Value Vs Price

Indian Equity ~ Goldmine to a Few & Explosive Mine to Many ~ Training Minds to be Minesweepers to differentiate

Saturday, August 4, 2018

Wealth of Mind & Monies must move in tandem.Click above or here to attend my next Mumbai workshop on  Saturday August 4,2018.It’s yet again at my Fort HO,above Starbucks & Croma & a hop step & jump from the BSE

Q’ attend karey? 

‘Q’uality’~how to focus on it~ Discipline of never Deviating~never? what about that potential multi-bagger turnaround or sapling that carries high risks ? Equity is all about Growing Wealth while Protecting it ~ taking & managing risk

The above Registration link also displays the Workshop Template outlining what shall be covered & why you should invest one Saturday with me

We’ve had real Fun at all the Equity Workshops in the last three years with some lovely entertaining interaction with & between participants from all over India & Overseas while playing the Corporate Tambola  or  even playing around with ‘Experts’ Views on our Sensex & Nifty or what Trump will do or not do next ! or whether any North Korea Missile is pointed at our Sensex ! or   explaining & evaluating practical applications of Investment & Financial Concepts through discussion & debate in Company Case Studies with focus on  assessing ‘Value vs Price’…we’ve seen the impact of FPI flows,Interest,Inflation & Exchange Rates,Fx Reserves,Oil Prices & Budget Deficits…we’ve discussed the importance of Corporate Earnings on Valuation & in many cases how it’s the Assets that give Value…we’ve examined the four legs of the Equity table ~ Valuation,Liquidity,Sentiment & Momentum & how to gauge rising risk when Markets run ahead of fundamentals…many of you have been rewarded too at the workshop for great lively answers & interaction

Here’s another Opportunity in August 2018 in Mumbai to Train & sharpen Minds to become more efficient MineSweepers to spot & differentiate between Wealth Creating Gold Mines & Wealth Destroying Explosive ones

We’ve tackled Valuations & Risks of Bombay Dyeing,I B Ventures,HEG ,Yuken,Ruby Mills & HOV among many others in the recent past & discussed the serious Corporate Governance Issues in the Essar Oil Delisting,Kwality,JBF & Vakrangee among others & the huge Risks associated with  wealth destroyed companies GTL Infra,ESL,Suzlon,Subex & Uttam Galva that yet keep offering hopes of a turnaround

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Saturday Equity Workshop~You Guys Rocked! Now Go Rock the Markets!

Saturday,February 17,2018  Fundamental Value Vs Price Equity Workshop in Mumbai

You Guys Rocked! Now Go Rock the Markets! ~ for what’s Academics & Theory without Action & Application

Full House with all pretty knowledgeable & many market veterans from Mumbai,Dubai,Sangli,Kolhapur,Hyderabad,Thrissur & Gokak~from small Investors to High Networth ~from Broking,Corporate,PSU,MNC Banks,MNC IT companies & FPI fraternity too…from a confident 25 year old to a 60 year old who has seen it all & wants to see some more !

Great Interaction literally from 9 am to 9 pm ! & the Bulls remained alive & kicking on & around the Conference Room table throughout !

We covered them all & more!~Valuing on Assets & Earnings & assessing against Market Price ! ~ Demergers  & Delistings  & Rights &  Non Linear Earnings & Holdings & Acquisitions & New Parentage & Turnarounds & Changing Dynamics in Sectors & Themes like in PSU Banks again! & the GST Impact…& of course hopelessly hanging on to Wealth Destroyers & even averaging in them over the years !

Where are the Sensex & Nifty headed in the coming years…should we be bothered about them & other Macros or simply continue focusing bottom up on specific selections for serious wealth creation…Passive or Active Investing…we discussed all

We covered  Investor Gurus Warren Buffett & Peter Lynch & Investor Mistakes of Confirmation Bias,Anchoring & Improper Framing among others…how Multi disciplinary thinking evolves ones into a better person & investor

Corporate Tambola too was fun with prizes for three full houses & instant chocolates to those who correctly guessed the companies…A Special Praise for Hemal,who had enquired if this workshop would be for Beginners,& turned out guessing many companies !

Some other prizes too for some fabulous answers…like the hilarious one from Daya that I should seek another session,this time one to one ,with the pretty girl who had emailed me a query to clear a concept which was not a financial one…she had asked my views on whether Marriage was necessary in modern times & should not ‘live in’ be good enough ! Daya’s response brought the house down!

Chowdhary from ONGC lucidly explained his views on ONGC going forward

Vijay Desai,a clear market veteran, won  for being the best participant with some great interaction right throughout

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3 Seats Left ! ~ Sat Feb 17 2018 Mumbai Funda Eq Workshop

3 Seats Left ! ~ Sat Feb 17 2018 Mumbai Funda Eq Workshop

Reserve yours now =>  http://www.jsalphaa.com/register.php

Fundamental MasterClass in Mumbai Stock Selection ~ Value Vs Price – 2018 ~ Markets Major & Mature ~ Sensex 36000 ~ Taking Stock

Saturday, February 17, 2018

At the previous Funda workshops in June & August 2017  we thread-bared Bombay Dyeing at Rs 70 to assess Value Vs Price in the price range of Rs 70 to Rs 85 & participants got excited to lap it up….in months it raced away to Rs 300 & now stands at Rs 250…of course Markets have been kind too…we had covered over 50 companies across sectors like Yuken,Rama Steel & Grauer on Valuation through Assets & Earnings & Situational Studies like M & A, Delisting & Turnarounds & the outcomes have been quite enjoyed by most participants as the feedback shows……. for what’s Academics & Theory without Action & Application

As Usual there’s already a good mix of participants from retail to HNWI & from FPIs, broking houses,PSUs  & MNC Banks….coming even from overseas & outstation for this Mumbai Workshop

Do try & make it….will be fun interacting fun-da-mentally with all of you on Re-positioning & Reinvestment Risks & on Corporate Governance & Controversies as we play the Corporate Tambola and exercise other Mind Gums on the Magic of Compounding & the holding of Convictions of Fundamental Selections through even steep market corrections especially if fully invested !

When I had announced this workshop just a fortnight ago the Sensex was at a record 36000+ and featured in the Workshop Title…In days since then following a global correction and arguably an uninspiring Union Budget that re-introduced Long Terms Capital Gains Tax the Sensex fell sharply below 34000 with many non large caps taking a hit of even 30 % with Vakrangee decimating over 50% from over Rs 500 to under Rs 200 on Corporate Governance issues

Even Warren Buffett’s Berkshire Hathaway’s Equity Portfolio has taken a US $ 11.2 billion hit ~ of course he’s not bothered ~ should you be when closer home we continue to be suckers in Company Price Run Ups where Quality is clearly suspect & where our PSU Banks continue to reel under the weight of NPAs with SBI announcing a huge Q 3 Loss,the first in many quarters, because of this ? ~ Capitalisation & Consolidation process is on  ~ are PSU Banks potential wealth creators going forward?

What Now ! ?

See You Sat

Cheers !

Sat Feb 17 2018~Mumbai Funda Equity Workshop~Taking Stock at Sensex 36000

Hey ! Here’s the Announcement that’s been eagerly awaited for the next Mumbai Fundamental Equity Workshop after Full Houses in June & August 2017

Just Click on it to register

Fundamental MasterClass in Mumbai
Stock Selection ~ Value Vs Price – 2018 ~ Markets Major & Mature ~ Sensex 36000 ~ Taking Stock

Saturday, February 17, 2018

As usual it’s on a Full Saturday .This time on February 17,2018 at my Fort HO in Mumbai.The Investment,inclusive of GST etc, is Rs 18000 or Rs 16200 each for 3 or more registrations from a group

As Limited Seats,do sign up quick for debating & discussing wealth creation & destruction through direct Equity in Indian Listed Companies

We are at all time Highs on the Sensitive Indices with the Sensex at 36000+ & Nifty at 11000+

At my last August 2017 Workshop the Sensex & Nifty were at 32300 & 10000 levels.They’re up 10%+ since then in six months but the magic has been in Specific Scrips which have recorded life changing surges if you were only invested in them !

For illustration when guiding on Valuation with regards to Non Linear Earnings Potential  in the June & August Workshop I had the participants engage in a Valuation exercise for half an hour on Bombay Dyeing at Rs 70 to Rs 82 levels & draw conclusions with some convictions.It raced away to Rs 300 & it’s now at Rs 250 levels ~ yet over 200% inside six months…of course Markets have been kind too in this period

In the August Workshop we played out a 20% CAGR scenario over 5 years to explain the Magic of Compounding.We used Yuken at Rs 1877 as an illustration taking into account it’s financials,past,present & future potential.If at 5 years in 2022 it would reach Rs 4670 it would give this 20% CAGR.It’s up 150% absolute touching Rs 4700 today inside 6 months ! …Life Changing Wealth Creation in Equity is simply the Magic of Compounding in a right Selection based on the Valuation leg of the Equity Table

What Now? What Next?

Bank of America thinks Sensex will slide & close at 32000 end 2018 ….Of course in 2015 they had forecast it would be 54000 ! yes ! 54000 by end 2018 ! & Ambit thinks we are in the last stage of the Rally ~ but they’ve been remarkably bearish all of 2017 & am sure their clients must have missed the 2017 gravy train in Equities ~ While Many think we are in a huge Bull Rally for Years to come & one even has called 35000 as the new Sensex Bottom ~ Should we care about what they think ?

Or should we simply care about how to grow serious wealth through direct equity in Indian Markets & protect it while growing it ? That’s what this Workshop is about

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Scooters India up @ Rs 75~BSE IPF Oct 2017 Report farcical?

Scooters India up @ Rs 75~You may have shunned it on reading the Oct 12, 2017 BSE Investor Protection Fund (BSE IPF) Commissioned Report

Why have I questioned it as farcical?

Well…who selects which Company should be covered in such Reports by the BSE IPF ? For in Scooters India the Performance really is secondary at this juncture,even though their Vikram Three Wheelers have got a market share in UP at least where they are manufactured near Lucknow  ~ what is moot is the proposed disinvestment & the assets,including land of 125 acres, that goes with the company  ~ Valuation is essentially ultimately a factor of Earnings &/or Net Assets

The Point is that any Report that the BSE IPF commissions to serve the Investors ,needs to be impactful & serve the purpose for which it has been commissioned

Their Initiative of course deserves applause & support

It is not,of course the job of  the Preparer to give a View to Buy or Hold or Sell the Scrip being commented on & their statement & disclaimer covers this in the report.They have rightly stated that this is not a recommendation & the purpose is to only make available publicly information to the readers in an easy to read format

As an illustration take this October 12,2017 Report on Scooters India covering the June FY 18 Quarter Overview

http://www.bseindia.com/download/Research_Report/Report/505141/2017-18/Scooters%20India%20Ltd.pdf

The Performance was clearly sub par & any reader would not have looked to seriously consider Scooters India in their portfolio…more so as it was also,I believe, in the double margin XT category then on the BSE…in fact if any held it,they may have considered to dispose at the Price levels of Rs 41 then

Then why is it on 5% upper circuits for the past few days & was Rs 75.95 today

Well there are three reasons for this & in my view ,it would have been great if at least the first should have been mentioned in the October 12,2017 report prepared under the Initiative of the BSE IPF

If the Terms of Reference for preparing the Report was merely to present the Quarterly Performance in any easy to read financial format through tables & graphs & a brief commentary on what’s gone up or down then BSE IPF needs to increase the scope so as to include all publicly available significant information to make the report meaningful

As I keep reiterating at my Value vs Price Fundamental Valuation Workshops that the Key to Fundamental Evaluation is RELIABLE,RELEVANT & TIMELY Information & Data & Good to Great Interpretation thereof

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Marathon Saturday Funda Equity Mumbai Workshop

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Bulls on & around the Table !…Yup! don’t miss the NYSE Dow & BSE Sensex Bulls on the Table !

Wow! What an engaging Marathon Saturday it was in Mumbai at the Fundamental Equity Value Vs Price Workshop….began at 9.30 am & if the participants had insisted would have also arranged dinner !…am told the raw film is 9 & a half hours !

They rocked!…A great Mix…very intelligent & interactive from novices to veterans of the market….from leading FPIs & Broking Houses & Small & Big Industry to retail investors & even the midcap content contributor to a leading stock portal that’s also a part of a leading stock channel group who presented a case study of his latest idea…they came from Gokak & Dubai & Hyderabad & Cochin & Pune & from across Mumbai…a young yoga guru who we thought had gone into a trance but was actually meditating a stock idea !…and of course our fourth consecutive workshop attendee who we presented with a special memento for this ongoing record !

The sentiments they expressed & which poured in as below post the workshop can easily go to my head !…fortunately God’s blessed me with more heart !  🙂

“Powerful seminar. Valuable talk. Thank you”
“Truly enjoyed… and seeked everything for which I have came… and God bless me to apply  it gainfully 😊”
“Leo’s are known to be great hosts, you are one 👍🏼🙏🏼. All the arrangements were perfect. Please convey our regards to the entire team.”
 “Thank you sir for your knowledge sharing in a very structured manner with us!”
“Sir completely blown by away by amount of knowledge you have .. You really have changed the way at I used to look at market …Thank you for all the ideas n great experience that you have given which I will carry forward …Looking forward to your next workshop n any other venture”
 “Thanks for the great session”
 “Sir, it was a wonderful session, lot of learnings. God bless 🙏🙌😇”

We covered Exercises in Practical Compounding & how to approach Markets seeking at least 20% CAGR in Equity over the coming few years & when to adopt Tactical Strategies & when to leverage through Options using JP Associates as an illustration

The 20 questions(The Workshop Theme was after all 20-20 & 2020 🙂 ) Corporate Tambola began with a quick prize winner…she won ‘Jaldi 3’ with just the first three questions !…but then ‘Full House’ went down to the wire…Sample some of the questions posed  & participants got them to win Chocolates ! Can you?:

“The MD is N Bhuvaneswari,the wife of the current CM of Andhra Pradesh,Mr Chandrababu Naidu & the daughter of late Mr NT Rama Rao the founder of the Telugu Desam Political Party.The Market Cap is under Rs 3000 crs & has been wooed for acquisition by leading MNCs.Name the Company”

“A noble flower in the Swiss Alps getting nobler on BSE & NSE & a classic song from the classic Julie Andrews starrer ‘Sound of Music’”

“Henkel re-entering India through this Company?”   

💡 A thought provoking question posed by a participant ” With falling Interest rates can we shift allocation from Fixed Deposits to Index Investing ?….Nifty 50 has recorded a CAGR of just over 11% from inception 1995 till date while the Sensex has scored a 16% CAGR from base in 1978 but just as much as Nifty in shorter periods…if precedence has to be considered they offer potential of better Returns going forward than FD with arguably not much compromise in risk & that too tax free as of now…that’s another cushion…Worth a thought for at least when pitching against 5 to 10 year FDs & Bonds

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