Q1 FY21 results of Zee entertainment was an exercise by management in trying to shore up investor confidence in governance and give some straws of hope to the few bullish analyst and investors to hang on. Governance building measures: Isn’t good faith enough? Company committed to Qtrly disclosures of balance sheet and Zee5 data along [...]
Author: Vikash Mantri
ZEEL -There is seldom one cockroach in the kitchen
ZEEL a 15k crore market cap made provisions/write offs of Rs 1500cr of write off and claims in a qtr!!! . A company whose promoters who have lost almost all shareholding (Mere 4.77% left) – write-offs should be seen with dollops of salt. Let’s look at the write offs/provisions/ claims in the quarter Inventories write [...]
The Bizarre Case of ELCID Investments: A 18x-70x bagger ?
Elcid Investments is a listed entity on BSE with a Market cap of mere 18 lakhs. However, the company is an investing company and owns 4.3% or 4.06 lakhs shares in Asian Paints which means an investment value of Rs 6800 cr or Rs 3.5 lakh per /share. The company has two subsidiaries: Murahar Investments [...]
House Money Effect: Why I watched Cricket World cup for a Lakh and A Fund Manager Sold his house?
In 2011 cricket world cup, India had entered the Quarter finals in World cup and I fancied a chance of India reaching the finals to be played on Wankhede. I reached out to a close friend with strong connects and was able to source tickets for World cup final whose MRP was Rs 7k each [...]
Trip to Norway and Why I got deported?
-Co-authored with Vidish Mantri The northern lights have always fascinated me and I with my nephew decided to travel to Norway this winter (Jan 2020) for the experience. To increase our chances of viewing the northern lights, we decided to keep enough days in Tromso (4 days) and added Svalbard (3 days). Svalbard archipelago fascinated [...]
