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1 hour ago, sumanth said:

Entered Hikal today in small quantity let’s see how it goes. 

And hamara kya? Mere toh lag gye.

I still have some buffer, hopefully this incident doesn't affect their contracts.

 

Update: Have reduced my position in Hikal by more than 50%.

The lack of disclosures are troubling me and I didn't want to just avg. down.

Tracking position left with avg. of 200, will enter back in future if things turn better.

Edited by KunjanPSD
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22 minutes ago, KunjanPSD said:

And hamara kya? Mere toh lag gye.

I still have some buffer, hopefully this incident doesn't affect their contracts.

I didn’t even study about the company just entered. I just know there was a mishap. Just saw the dip was huge today compared to yesterday and bought few. 

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1 hour ago, sumanth said:

I didn’t even study about the company just entered. I just know there was a mishap. Just saw the dip was huge today compared to yesterday and bought few. 

I actually do think this will pass over but I didn't want to have a very big allocation. Will evaluate when management actually discloses information.

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7 minutes ago, dante77 said:

Hikal seems tempting now but don't know their business much. 

Basically Agrochem and Pharma/API biz.

 

In order to safe few crores the person in charge resorted to unsafe disposal of chemical byproduct which led to death of 6 people.

 

Company released a statement saying the tanker which left their facility was different from the one which was caught which is true but the contractor they chose was really shady and didn't even have the right licences.

 

Now the MD, who is responsible for this, didn't show up even after a notice and is currently absconding. The same MD used to be present in concalls as well.

 

I don't think this was done by the upper management, probably MD and the few others but company has been tight-lip with no disclosures which is really a red flag for me.

Says a lot about their culture and not just the accused people.

Hikal had 8% allocation in my PF and now is somewhere between 3-4%. 

I do think company will eventually sort this out but till the time company gives clarity, fair disclosures and assurances about the integrity of their current contracts, won't jump back in.

 

Sequent, Strides and now Hikal.

These three have taught me a lot in last one year. Fortunately, didn't book loss in either of them.

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2 minutes ago, KunjanPSD said:

Basically Agrochem and Pharma/API biz.

 

In order to safe few crores the person in charge resorted to unsafe disposal of chemical byproduct which led to death of 6 people.

 

Company released a statement saying the tanker which left their facility was different from the one which was caught which is true but the contractor they chose was really shady and didn't even have the right licences.

 

Now the MD, who is responsible for this, didn't show up even after a notice and is currently absconding. The same MD used to be present in concalls as well.

 

I don't think this was done by the upper management, probably MD and the few others but company has been tight-lip with no disclosures which is really a red flag for me.

Says a lot about their culture and not just the accused people.

Hikal had 8% allocation in my PF and now is somewhere between 3-4%. 

 

I do think company will eventually sort this out but till the time company gives clarity, fair disclosures and assurances about the integrity of their current contracts, won't jump back in.

 

Sequent, Strides and now Hikal.

These three have taught me a lot in last one year. Fortunately, didn't book loss in either of them.

Unless I'm mistaken MD is Managing Director. It doesn't get more upper management than this. 

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2 hours ago, sumanth said:

I didn’t even study about the company just entered. I just know there was a mishap. Just saw the dip was huge today compared to yesterday and bought few. 

 

21 minutes ago, dante77 said:

Hikal seems tempting now but don't know their business much. 

Stay away if you dont know the business , esp with such shady corp governance practices. better opportunities out there. 

In the chemical space this is actually a bit common but no clarity isn't.

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2 minutes ago, Mr. Comingle said:

Unless I'm mistaken MD is Managing Director. It doesn't get more upper management than this. 

Multiple director levels.

But anyway, disclosures are what I was looking for and they didn't give any.

I will put the capital again if the management is forthcoming and is able to change the perception, even if I have to buy above my sell price. Otherwise, not interested.

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3 minutes ago, rushaboswal said:

What happened here execpt the turkey problem ? 

Pretty much that only.

I just trimmed my position, still 4% allocation left.

Have to see how the management reacts and goes ahead because Turkey was meant to be their main export bases even if it was only contributing 10% to the topline.

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2 minutes ago, KunjanPSD said:

Pretty much that only.

I just trimmed my position, still 4% allocation left.

Have to see how the management reacts and goes ahead because Turkey was meant to be their main export bases even if it was only contributing 10% to the topline.

Still holding in my Dad's PF. Not too worried but actively tracking it . 

API/Chemicals are something you have to keep a check on .

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3 hours ago, rushaboswal said:

 

Stay away if you dont know the business , esp with such shady corp governance practices. better opportunities out there. 

In the chemical space this is actually a bit common but no clarity isn't.

Yeah, I study if I’m putting enough money, in this I bought few and was ready if it goes down too. It’s just that I had lil funds so the dip was tempting so jumped into. 
 

3 hours ago, rushaboswal said:

@sumanth @dante77 @LordSpymaster you should checkout https://forum.valuepickr.com/. Gem of a forum , thread on most of the stocks , people keep pointing out thesis and anti-thesis , this forum helped me get out of strides early and saved me a good 10-30% of capital . 

Thanks for the info., Yeah I go through this forum too it gives lot of info as you said. Even @Bird Bird Birdhad mentioned about this forum once when he was talking about sonacoms. 

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9 minutes ago, sumanth said:

Thanks for the info., Yeah I go through this forum too it gives lot of info as you said. Even @Bird Bird Birdhad mentioned about this forum once when he was talking about sonacoms. 

Great forum but recently members just hijack a thread and spam report every post which doesn't sit well.

Seen it with Hikal, Mastek and Sona. So read everything.

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39 minutes ago, Bird Bird Bird said:

Just seals it that he’s arrogant and whenever IPO comes stay away from it.

same with paytm the management is cocky , so no matter how attractive better stay put.

 

also rejoice for hikal investors finally bounced back :thumbsup:

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13 hours ago, KunjanPSD said:

Great forum but recently members just hijack a thread and spam report every post which doesn't sit well.

Seen it with Hikal, Mastek and Sona. So read everything.

 

Reach out to the founder on LinkedIn. He's very responsive. 

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