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Identifying Multibaggers
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Message Icon Topic: Voltas replaces TV 18 in The EquityDesk XI. Post Reply Post New Topic
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basant
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Quote basant Replybullet Topic: Voltas replaces TV 18 in The EquityDesk XI.
    Posted: 30/Mar/2008 at 11:15am
Voltas  replaces TV 18 in The Equity Desk XI . At the present price TV18 trades at a much richer valuation to Voltas which is a much more diversified company with interests in MEP, engineering services, cooling products etc.
 
The price of Tv18 is being supported by insider buying and while we can always extend that logic to create a favourable environment for the stock  the point is beyond a certain period of time what would matter is earnings and valuations.
 
The internet properties except for money control have not hit traction and while the company has diversified into a lot of related areas the actual process of converting all this into bottomline EPS growth could take some more time.
 
At these valuations Voltas provides diversity to the TED XI at a cheaper valuation.
 
Disclaimer: I have a vested interest in Voltas.


Edited by basant - 11/Apr/2008 at 10:23am
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Vivek Sukhani
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Quote Vivek Sukhani Replybullet Posted: 30/Mar/2008 at 11:31am
Exiting TV-18 is a good decision. Entering into voltas......a bit dicey. I think as Blue Star was already there, a sectoral diversification of the portfolio would have been better.
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basant
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Quote basant Replybullet Posted: 30/Mar/2008 at 11:56am
Oh! Again Diversified vs Concentrated Portfolios..LOL
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shivkumar
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Quote shivkumar Replybullet Posted: 31/Mar/2008 at 12:12pm
Now wait for Ratan Tata do his bit to take Voltas to the front pages of WSJ, FT, Forbes, etc.

Then the halo over Basant's head will start getting bigger.....
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smartcat
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Quote smartcat Replybullet Posted: 31/Mar/2008 at 1:36pm
The MoneyControl (that's ironic) TED XI portfolio has been updated!
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gopal
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Quote gopal Replybullet Posted: 31/Mar/2008 at 3:09pm
increased my exposure in voltas today
Women are like the stock market Coz they're irrational n can bankrupt u if u're not careful
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Quote rakeshmehta48 Replybullet Posted: 31/Mar/2008 at 6:22pm
Basant Ji
No idea of the valuation of the new entrant (Your study and judgement must be correct here because VOLTAS is a known and reputed name)
 
BUT REPLACING "TV 18" IS DEFINATELY VERY GOOD MOVE AND BOLD DECISION.
 
Keep the spirit up, sir!
Fund Management is Most Important
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basant
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Quote basant Replybullet Posted: 31/Mar/2008 at 7:14pm
We will do a valuation exercise on the newcommer. SOmetimes it is difficult to let go of a stock in which you have made more then a 15 bagger but then we do have to seggrergate emotion from reason!
 
My capital in this market has been made in Pantaloon and TV18. But then we need to move ahead (rather then fight with fundamentals) and this is what I tried to do.
 
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