This book is probably the best book one can read to get an insight into the shipping finance business as well as the over all shipping business. This is a piece of fiction but its loaded with so much investing sense, that it just ought to be read by investors. If you simply replace “shipping”…
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INTRODUCTION Munger’s ability to cut to the heart of an issue with a few well chosen words is legendary, as is his desire to think independently. Munger is such an interesting person, in no small part because he is, in a word UNRESTRAINED. He once said, ” While Warren may be remembered as a teacher,…
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Lets take the Business Wise audited financial results of 2015 for this analysis. Though this has been prepared for 15 months I would still like to use it as it as this would most likely be the result for 2016, apart from the KUONI deal. Businesses Performance for 15 months ending in March 2015. in…
Read MoreI was suddenly taken aback when Ajay Piramal said this, ” Please do not read the standalone statements and read only the consolidated statements. If you do so you will only be wasting your time.” While my CA instincts kicked in all i wanted to do was hold up a red flag, but then this…
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I initially bought into Piramal Healthcare as it was a cash bargain. At 360/- a share you actually got over 600/- of cash ( ignoring all the irrelevant stuff like management, brand company history etc 🙂 ). The logic was that even if Ajay Piramal lost/mismanaged or stole 50% of the cash, my investment would…
Read MoreIn its Q1 2015 results, CCL generated a profit of 30 cr of which, Vietnam generated 10 cr and the entire amount was tax free ! Now how do you like this for competitive advantage ? This has been generated by using about 75% of the companies 5000MT capacity, which means that the company will…
Read More“ The last few years performance was attractive, but what we could deliver may truly be exciting.” Welcome to MPS 2.0 When technology disrupts an industry there is major chaos, and where there is large spread chaos, there is opportunity. More than anything else, it matter which side of the disruption you are on. MPS…
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