Mumbai Equity Workshop Sat June 22 2019 ~ Sensex at 40000 ~ Treasures & Traps

The last Seven Workshops have seen a Full House  & great interaction 

Here’s another lovely Opportunity 

Register for the Workshop here 

Saturday, June 22, 2019

Fundamental Equity Workshop in Mumbai
Stock Selection ~ Value Vs Price
Indian Equity ~ Sensex at 40,000 ~ Treasures & Traps

Limited Seats – Single Registration at Rs 12,000 ~ Group Registration of 3 or more at Rs 10,200 each

Save this Date & register for  another great opportunity to interact for a full Saturday ~ You can even request coverage of any particular company or companies when you register

Trapped in Scrips that have destroyed wealth  ? ~ Want to develop foresight in avoiding such Value Traps by identifying Red Flags before hand from Corporate Governance Issues & Financial Statements & other coverage in Annual Reports ?

How to position the Equity portfolio with Sensex at record 40000 ~ Do Valuations look stretched in the short term ?

How to protect Wealth while creating it in Direct Equity? ~ Need  Conviction to Invest in Direct Equity ?

We shall be addressing these & many more concerns  at this Mumbai Workshop  

Look forward to seeing you at the Workshop

Any Queries or need guidance call me on +91-9820162597 or on + 91-22-42304140 or email me at gaurav@jsalphaa.com

Cheers,

Gaurav

 

Gaurav A Parikh

Workshop Conceptualised & Conducted by

GAURAV A PARIKH

Treasures & Traps ~ Rewards & Risks ~ Clearly this is the moot mindset focus currently with Sensex & Nifty recording all time highs of 40000 & 12000 respectively driven by a handful of high index weightage core stocks on the second TsuNaMo election wave in five years.

Gaurav A ParikhCapital Protection  is a ‘must have’  Mindset  at all times for serious Wealth Creation through Equity.While Growing your Wealth it’s equally imperative to Protect it.

One way to do so is to develop fundamental conviction & foresight to consciously avoid ‘Value Traps’ like Suzlon & Subex & PC Jewellers & Manpasand Beverages & Vakrangee & not be seduced or influenced by those who peddle such on social & print media & stock channels.

In such record bullish momentum on the Sensitive Indices it is FOMO or the Fear of Missing Out that is the biggest seducer as many influencing voices call  these  or near these record levels as the new bottom on the Sensitive Indices.

This Workshop will equip you to deal with these questions :

  • How to assess the capacity & the willingness to assume Equity Risk?
  • How to Fundamentally Value & Select & Weight the Companies in a Portfolio ?
  • How do Company Valuations rack up against their Share Price now? ~ If there is Value, where can we find it as we negotiate these bullish markets which heightens the risk of more & more ‘Value Traps’ emerging
  • How should one read & interpret News & Views in the Print & Social Media & on Stock Portals & Channels ?
  • What are the red flags one should look for in an Annual Report ?
  • How much of such Interpretation & Valuation is already reflected in the Share Price ?
  • Where can we pin down Certainty in the Uncertainty in Equity Markets ?
  • How to strengthen resolve & conviction to hold on to Selections even when facing unrealized losses?
  • When & How to decide a Switch in Equity Holdings?
  • How not to let Emotion & Ego dictate holding on to Losers & Wealth Destroyers & just letting them go or avoiding them in the first place?

Invest a Saturday with Gaurav to discuss & debate all the above & more & to appreciate that Wealth of Mind & Monies must Move in Tandem & fundamentally assess Macros & Micros. read more

Q&A Outlook Business~Dont See Elections as a Risk Factor for Indian Equities~See Value Pockets across Sectors

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Some of you may be interested in this ~ It’s a brief video Interview that Outlook Business has carried on their website www.outlookbusiness.com  & on YouTube this month April 2019 & which can be viewed below reflecting my views on :

  • Lok Sabha Elections that have commenced~ don’t see them a as a risk factor for Indian Equities
  • Value Pockets across Sectors,PSUs too
  • A convincing real estate play ~ if inclined,do also read the detailed coverage  here 

Wishing all of you a profitable Financial Year 2019-20 after a roller coaster emotional FY 2018-19 for most who lived a disconnect between  Sensex & Nifty seeking record highs  & Small & Mid Caps giving up significant gains in quick time too

Cheers !

Valuation!Valuation!Valuation!~Lovely Interactive Equity Workshop

Fabulous Participants & Fabulous Interaction at the Equity Workshop
Fabulous Participants & Fabulous Interaction at the Equity Workshop

It was quite an interactive Saturday at the Full House Fundamental Equity Value Vs Price Mumbai MasterClass on Compounding & Capital Protection

We began in earnest at 9.30 am right through to 8 pm~ so much debated from current unnerving market meltdowns & what should be mindsets & strategies in such times that suddenly overcast us in September ~ of Courage & Conviction & Cash ~ what if one is fully Invested ? should one average? should one exit ? why in panic one tends to always sell off the winners to realise whatever profit in hand & let’ losers drag? ….lot’s of questions that were addressed with a confidence culled from such experiences in the past thirty years

They came from all around ~ rookies to veterans ~ small to High Net Worth ~ from Broking Houses,J P Morgan,Accenture,Abu Dhabi Commercial Bank,Cap Gemini,Reliance,Moneycontrol etc

We covered Time Value,Volatility,Valuation & Asset Allocation with Illustrations of over 25 companies with few of them in detailed Valuation over Earnings & Assets & Challenges faced…went through a few Annual Reports & Interim Results & Exchange Notifications & Developments through News in the Media…checked price trends in the short term & even over last ten years to assess Risk & Reward  & Mispricing Opportunities

How the discipline of Valuation & Asset Allocation is your Weapon for Survival & Wealth Protection while growing it & to stay away from Noise & Insider trading & from those who know nothing or even more dangerous from those who don’t know they know nothing !

Valuation ! Valuation ! Valuation ! …how this leg of the equity table actually must be the most solid to hold the table together when the other leg of Liquidity  props up the remaining two legs of Sentiment & Momentum ~ Impact & Quantum of  FPI & DII Flows especially when they slow down or reverse

Put up Friday,September 28,2018 closing prices touchlines of over 200 scrips & even those separately in the Finance,Pharma & Realty Space showing the wealth destruction in them from their 52 week Highs….alarming yes,but is there value re-emerging in many? ~ Showcased a Core Scrips Valuation Grid too

In this continuing market meltdown across the board that has knocked off 50% & more in many that actually hold wealth creation potential & in many that simply were wealth destroyers in the making & should never have been married to ,who can one trust for relevant,reliable & timely information & unbiased & wise interpretation ? ~ Government,Exchanges & Regulatory authorities,Bankers, Auditors,Media,Brokers,Experts,Promoters & Fund Managers of PMS & MFs,Company Promoters & Management ? Who ? read more

Fundamental Equity Mumbai MasterClass ~ Sat Sept 29 2018

Hey! here’s a Fundamental Equity Mumbai MasterClass you should attend on Saturday,September 29,2018

Register here => http://www.jsalphaa.com/register.php

It’s a back to back month Workshop as many could not be accommodated in the August 2018 Workshop.This is a MasterClass that focuses on Compounding & Capital Protection & involves diving deeper into data & interpretation & deliberations  

Fundamental Equity MasterClass in Mumbai
Stock Selection ~ Value Vs Price

Indian Equity ~ Compounding & Capital Protection ~ The Magic & Miracle in this Market Matrix

Saturday, September 29, 2018

There’s a lot that we shall cover on the day foremost of which is :

We’ll take a Listed Company ,which you can suggest too when you register, & :

~ We’ll check out the Promoter & Management Pedigree & their skin in the company & assess any Corporate Governance Issues

~ We’ll discuss & debate the Business Model ~ Dynamics of Demand & Supply,Scale of Opportunity,Resources,Pricing Power & Competition among others to gauge if  intention is backed by ability to execute & perform

~ We’ll rip through the Annual Report & latest Financial Performance understanding how to read & interpret these…what they state …or do not state ! .We’ll work our way through Exchange Notifications & News & Views in the Print & Social Media & on Stock Portals & TV Channels

~ We’ll work out the Valuation of the Company on several relative & absolute,traditional & contemporary basis

~ We’ll then make an assessment of Value Vs Share Price to gauge how much of it is already factored into the Price…the less it has ,the more the opportunity beckons  

With confidence & conviction you will not only be able to read & interpret Auditors Report,Profit & Loss Statement,Balance Sheet,Cash Flow Statement & Notes to Accounts  but will be equipped to assess their impact & bearing,along with other objective & subjective factors, on Valuation & further on the Share Price

This is a MasterClass…so we shall be going real deep in debate & discussion & deliberations after some deep reading & interpretation & deep valuation computations to decide with deep conviction if there indeed exists a deep compounding opportunity & what could be the downside risk in context of Capital Protection

The Investing process dialogue will cover Themes,Approaches,Strategies,Concepts,Gurus,Mistakes

You shall be able to read any Research Report with a detached mind thus not blindly accepting all that is stated or concluded in it.In fact you shall be able to create a decisive Research Report yourself read more

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 read more

Kwality destroyed 90 % from Rs 160 to Rs 21 in a year !~Blame the Brokers for going broke?

You were looking for 100% gains in a year…Poof ! now you see your Principal evaporating near 100% 

Kwality Limited’s Share Price has evaporated nearly 90 % from Rs 160 to Rs 21 in a year !

Blame the Brokers for going broke?  

Where was the Quality in the first place !...it was clearly basking in the sunshine of the surge in the share price of other Dairy Companies like Heritage & Parag Milk

I recollect how aghast I was when Kwality Ltd was recommended strongly by not one but several well known broking houses in 2016 & 2017 when it was being quoted in the Rs 110 to 140 range.Targets given by them were extremely tempting to succumb to ! ~ one gave Rs 263 ! ~ another projected Rs 200 !

I have often  mentioned this Company at my Fundamental Equity Value Vs Price Training Workshops when illustrating severe Corporate Governance Issues

A few months ago on March 27, 2018 Kwality had responded to the Exchanges on their concern of falling share price that there was no strategically significant development in the organisation or business & that they were committed to deliver sustainable value to its shareholders at all time…Wow!

The Problem perhaps was on news of Promoter Dhingra pledging shares…or the Company complaining to the exchanges that a broker was fradulently selling shares in the market .Earlier this month Kwality has also been put on the Additional Surveillance Measure (ASM) List.Their June 20,2018 Board Meeting to consider buyback and /or Bonus has been rescheduled to July 3,2018 as majority of the Directors could not make it

What’s going on here !

The Exchanges have just been notified of a downgrading of credit rating by Brickwork .It was just two months ago in April 2018 when Brickwork had given their last ratings  

Today Kwality  was  on lower circuit at Rs 21.15 with heavy volumes before opening up to hit upper circuit & closing a little lower at Rs 22.95 on BSE…relief rally or someone finds real value now !? …52 Week High was @ Rs 160 a year ago…that’s nearly 90% wealth destroyed  from a Market Cap of  @ Rs 3800 crs to just above Rs 500 crs !

This is not to condemn the Broking Houses or vilify them…after all the Money & Risk is all yours…no one held a Gun to your head to invest in Kwality !…so don’t blame the brokers for going broke in this ! even if they had any vested interest in recommending the Company for Investment

Just to warn you not to be carried away by momentum & sentiment in bull markets & follow anyone blindly read more