The Stock Market thread

[El Tigre Chino]

16 minutes ago, Bird Bird Bird said:

Be careful on the tax angle. It's a mess. 

This, the tax, fee & conversion of USD to INR is what I want to understand about more specifically.

 

@kunjanp I avoid Coin for mutual fund investments because it's treated as a demat account and migrating away may be troublesome. But I think I will have to use a similar intermediary for US investments.  

[KunjanPSD]

1 minute ago, El Tigre Chino said:

This, the tax, fee & conversion of USD to INR is what I want to understand about more specifically.

 

@kunjanp I avoid Coin for mutual fund investments because it's treated as a demat account and migrating away may be troublesome. But I think I will have to use a similar intermediary for US investments.  

For US MFs in Coin, it is as simple as investing in INR. Each MFs will have its own terms for tax and you will need to go through it.

Intermediary is needed unless you use something like ICICI bank and invest through their US bank tie ups but charges are so high. Makes no sense. I personally like Coin, all my stocks and MFs in one account. Never needed to migrate away.

[Bird Bird Bird]

Anybody went through the RHP of Stovekraft ? Looks like a good buy. Strong financials, good presence, expanding. 

[KunjanPSD]

5 hours ago, Bird Bird Bird said:

Anybody went through the RHP of Stovekraft ? Looks like a good buy. Strong financials, good presence, expanding. 

I haven't been thorough with it but it does look good. I don't see me being lucky enough to get allotment in this as well but seeing how the previous IPOs tanked after a few weeks, I might be a buyer then. 

[Pacifier]

Looking at the GameStop stock in the US. WTH ? 

 

Doesn't US Stock Exchange have controls like Upper Circuit/ Lower Circuit? 

[El Tigre Chino]

On 1/25/2021 at 9:40 AM, Bird Bird Bird said:

Anybody went through the RHP of Stovekraft ? Looks like a good buy. Strong financials, good presence, expanding. 

 

On 1/25/2021 at 3:39 PM, kunjanp said:

I haven't been thorough with it but it does look good. I don't see me being lucky enough to get allotment in this as well but seeing how the previous IPOs tanked after a few weeks, I might be a buyer then. 

Anything specific about it which caught your eye that you could mention?

 

At a glance their numbers seem dressed up for the IPO, PAT for March '20 has suddenly shot up to +200 Cr. from single digit numbers in the previous years. Growth strategy doesn't talk about any edge and I believe a majority of the issue is an offer for sale, so money from the IPO isn't getting pumped back into the business. 

 

Apart from that the trademark of their biggest brand Pigeon is under litigation. 

[Bird Bird Bird]

21 minutes ago, El Tigre Chino said:

 

Anything specific about it which caught your eye that you could mention?

 

At a glance their numbers seem dressed up for the IPO, PAT for March '20 has suddenly shot up to +200 Cr. from single digit numbers in the previous years. Growth strategy doesn't talk about any edge and I believe a majority of the issue is an offer for sale, so money from the IPO isn't getting pumped back into the business. 

 

Apart from that the trademark of their biggest brand Pigeon is under litigation. 

I don't think there are any grounds for SK to not win the litigation. 

 

The profits have increased due to almost zero marketing and other cost saving measures during the pandemic, and are bound to decrease the moment is pumped back to such activities. However, Pigeon is a pretty strong brand, and they have good mindshare in South India. 

 

Listing gains can be had. Long term outlook depends on further results. 

 

BTW, GMP for Indigo Paints is down. Aditya Birla announced a new venture in paints industry, and Asian Paints and Berger, both are down as well. If the budget isn't conducive to general populace, Indigo, Stovekraft etc, all will be f**ked. 

[Bird Bird Bird]

I was looking at other metrics, and I think the whole category will benefit due to PMUY. I believe SK has signed a deal with many gas companies to provide appliances with new gas connections. 

[KunjanPSD]

11 minutes ago, Bird Bird Bird said:

The profits have increased due to almost zero marketing and other cost saving measures during the pandemic, and are bound to decrease the moment is pumped back to such activities. However, Pigeon is a pretty strong brand, and they have good mindshare in South India. 

 

6 minutes ago, Bird Bird Bird said:

I was looking at other metrics, and I think the whole category will benefit due to PMUY. I believe SK has signed a deal with many gas companies to provide appliances with new gas connections. 

 

I was thinking along these lines only but budget is a big unknown. SK will provide some listing gain but for long term, I will wait for a couple of weeks after budget is out.

[El Tigre Chino]

2 minutes ago, Bird Bird Bird said:

I was looking at other metrics, and I think the whole category will benefit due to PMUY. I believe SK has signed a deal with many gas companies to provide appliances with new gas connections. 

This is what caught my eye too, but I think this deal has been in place for a few years already. Haven't dwelled further in it.

 

7 minutes ago, Bird Bird Bird said:

BTW, GMP for Indigo Paints is down. Aditya Birla announced a new venture in paints industry, and Asian Paints and Berger, both are down as well. If the budget isn't conducive to general populace, Indigo, Stovekraft etc, all will be f**ked. 

My reason for staying away from IPOs for listing gains during this period. Everyone is trying to ride the bull run with their IPO issues but the budget can throw a spanner in there. Holding off till after we know what's in stock for the year ahead. 

[Bird Bird Bird]

Relooked at valuations. Financials are poor. Everything looks good if looking at recent quarter, but if looking at Mar 20 end, it's pretty f**ked up. 

 

Haven't applied yet. Will look at how QIBs, HNIs subscribe and decide.

[Bird Bird Bird]

3 minutes ago, kunjanp said:

I was thinking along these lines only but budget is a big unknown. SK will provide some listing gain but for long term, I will wait for a couple of weeks after budget is out.

Retail is already oversubbed. Max 1 lot possible. Get listing gain, and out. 

[KunjanPSD]

9 minutes ago, Bird Bird Bird said:

Retail is already oversubbed. Max 1 lot possible. Get listing gain, and out. 

Just looked at it in detail. Completely dressed up for IPO, not sure if they will be able to even maintain pre-March'20 levels. Not gonna invest.

[KnackChap]

Got alloted 1 lot of IRFC. What do you guys think, hold or get some listing gains day 1 (not sure if there will be any). Personally I feel it's going to be a lambi race ka ghoda and want to hold it. 

[i_rock098]

Relooked at valuations. Financials are poor. Everything looks good if looking at recent quarter, but if looking at Mar 20 end, it's pretty f**ked up. 
 
Haven't applied yet. Will look at how QIBs, HNIs subscribe and decide.

Just looked at it in detail. Completely dressed up for IPO, not sure if they will be able to even maintain pre-March'20 levels. Not gonna invest.

Seems like a pump and dump IPO to me though given the fact that its going to list after budget I don’t think we will get any listing gains either.

Also if I check the status right now the subscription is over subscribed 10x times by retail investors but 0x times by institutional business. Not a single institution has bid for the IPO. That’s a little worrying.

If I am correct 50% of shares are reserved for them.

Got alloted 1 lot of IRFC. What do you guys think, hold or get some listing gains day 1 (not sure if there will be any). Personally I feel it's going to be a lambi race ka ghoda and want to hold it. 

The black market premium for the share is less than Rs 1 at the moment. Don’t expect much listing gains. Though it’s a solid stable company. Make a informed decision.

Also I did not get the allocations for IRFC. Will see now how it lists and will then think of buying.


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[Jupiter]

Could anyone explain me:

 

1. Book Value

2. Debt to Equity ratio

3. Forward P/E ratio

[rushab oswal]

12 hours ago, KnackChap said:

Got alloted 1 lot of IRFC. What do you guys think, hold or get some listing gains day 1 (not sure if there will be any). Personally I feel it's going to be a lambi race ka ghoda and want to hold it. 

I did not check fundamentals but for long term i avoid companies that are government operated. Dont know why but i hate them. I remember a quote "Government has no business to be in business" and as stupid as it sound i find it true. Also i dont think listing gains will be there , mostly will lauch at discounted price.

[Bird Bird Bird]

https://news.ycombinator.com/item?id=25941431

 

Holy sh*t. Robinhood and other apps not allowing retail traders to purchase certain stocks after GameStop WS debacle. 

How the f**k is it even allowed ? 

Quite literally the rich saying we can *beep* you, but we will close all avenues if you try to f**k us. 

Edited January 28, 2021 by Bird Bird Bird

[KunjanPSD]

1 minute ago, Bird Bird Bird said:

https://news.ycombinator.com/item?id=25941431

 

Holy sh*t. Robinhood and other apps not allowing retail traders to purchase certain stocks after GameStop WS debacle. 

How the f**k is it even allowed ? 

Quite literally the rich saying we can *beep* you, but we will close all avenues if you try to f**k us. 

I am not surprised. "Free market" goes in the dumpster as soon as the large hedge funds need to be rescued. Melvin Capital is on the brink of insolvency.

It's all rigged and this debacle exposed it.

[Snake]

What app/website do you guys use to start SIPs?