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Emerging companies - Mid caps that can become large cap
 The Equity Desk Forum :Investment Ideas - Creating winning portfolios! :Emerging companies - Mid caps that can become large cap
Message Icon Topic: Financial Technologies – A buy even at 65 PE Post Reply Post New Topic
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chic_1978
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Quote chic_1978 Replybullet Posted: 10/Oct/2006 at 8:45pm
grt job dude
this is one of the best interviews i have ever read
 
keep it up JIGNESHBHAI !!!!!!!! ( YOU MAKE GUJRATIS PROUD)
 
happy & wise investing
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catchsudipto
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Quote catchsudipto Replybullet Posted: 10/Oct/2006 at 11:39am
Dear Sir,


Thanks for the advice. I have bought some quantity of Fintech today.

Thanks again

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basant
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Quote basant Replybullet Posted: 11/Oct/2006 at 12:01pm
But do not hurry up on this,if it declines you can should add and if it does not we shall make profits in our existing holdings.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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catchsudipto
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Quote catchsudipto Replybullet Posted: 11/Oct/2006 at 2:54pm
Dear Sir,

Thanks again for the timely suggestion. Yes i will try to follow it.
Sir today Tv-18 launched a new site : indiaearnings.com. But the entry is restricted. Sir as u have a direct one-to one link with the management can u ask them to give shareholders ( small) like  us a login account, as it is restricted now only to HNI, foreigh brokerage, brokerages.

I feel Tv-1 must allow his shareholders to access this site for information.


Thanks sir

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basant
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Quote basant Replybullet Posted: 12/Oct/2006 at 7:34pm
Originally posted by catchsudipto


Sir i what your comments on financial technology as i have entered newly i have lots of question on it. So sir if possible pl answer . 

Sir what about FT? You always say that it can become big?  But how  big it can become/ What is a gurantee that tomorrow a new  commidity exchange will not come up and it eats MCx's market share.what is the  real picture.

Now they are saying in their A report that IBX can become 10 times more big than MCX. but its their projection, what is the real picture. can u please throw some details light on it from the information u are traking it for a long time.
 
 
I think at these points we need to look at the market cap. Whenever the market cap is below US 2 billion for the sector leader and the whole market is more then US $ 100 billion we should not be perturbed by how much can it be affected by competition. See because there is confusion and suspicion investors have an oppoortunity of making a multibagger. No one can make a multibagger in ITC today or in Reliance because it is all discounted in the price. Jignesh Shah is waiting for the foreign holding part to be liberalised by the Govt. before he brings his MCX IPO. Once there is  a foreign partner in the business the whole equation will change.
 
These companies have very standard risk reward ratios 40%-50% on the downside and multifold on the upside.Althgough an exchange is like a commoditised business it is very difficult to take away market share from an established exchange. unless the exchange does not do anything stupid.
 
 
 
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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catchsudipto
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Quote catchsudipto Replybullet Posted: 12/Oct/2006 at 7:45pm
Dear Sir,

Thanks for the prompt reply, I came to know a lots of things from U. You told that whole market place is a $100 billion business. its unbelieable that the commodity market is such huze.

Now sir i have some simple question ( may be stupid). Is This $100 billoin  the value of total commodity business in India, or ahything else?
How much MCX, IBX  charges for  each trade( i believe they get a hepty sum for membership fees). where this sharge can go up in future?

Is there any change that RBI doesn't allow foreign parther in this business.

waiting for your reply.
Thanks sir.
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catchsudipto
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Quote catchsudipto Replybullet Posted: 12/Oct/2006 at 10:31am
Dear Sir,

Regarding FT u told that its a market leader with a market cap of less than 2 billions.  You also told that whole market place is a $100 billion business. its unbelieable that the commodity trading market is such huze.


How much MCX, IBX  charges for  each trade( i believe they get a hepty sum for membership fees). where this charge can go up in future?

Is there any change that RBI doesn't allow foreign parther in this business. 
whether its has the capasity to become one of the 10 largest comodity, forex market in the world in the near future. What can pull it down.
i have seen one more interesting this that Mr sivanand Mankekar ( Prof. of Jamunalal bajaj school of management) has more than 7 lac share of FT. Interesting  is that he holds more than 4 lac share of Pantaloon retail. How there guys have soo much money and guts to hold such huze quantity od shares.

Thanks.

waiting for your reply.
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basant
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Quote basant Replybullet Posted: 12/Oct/2006 at 11:00am

The total value of India’s agri produce is equal to US $ 85 billion. Assuming a multiple of 10 times to the commodities futures market the total size should be to the order of US $ 850 billion. It stands at less then US $b 2 billion today. I am not aware of how much they take but this is transaction based so what ever it is it should rise exponentially. Prof Manenkar is one of least talked about smartest brains in India. I did not know he is a  professor. What does he teach. Any idea?



Edited by basant - 12/Oct/2006 at 11:03am
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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