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Old 29-09-2016, 06:37 PM
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Please treat my views as biased as I brought some shares of ICICI Pru Life today from the open market
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I do not think it is proper to compare this IPO with that of Rel Power IPO for the following reasons

1. At the time of IPO Rel Power had no business and no assets (if my memory is correct). But ICICI Pru Life is having good and sound business and is second largest private life insurer in the country.

2. Rel power IPO was launched at the height of the infra sector crazy market. Here there is no such craze for the insurance sector. For that matter, this is the first major IPO in this sector.

3. Rel Power had no profits. But this company is making good profits.

4. Business dynamics of Rel power and ICICI Pru Life are totally different. Former is capital intensive and debt intensive business heavily dependent on government for everything, right from the raw material upto the evacuation of its end product, i.e. power. That is not the case in case of ICICI Pru Life.

5. Public paid huge premium to Rel Power shares just for Ambani name. As already pointed out, this is not the case here.

6. It is impossible to see any meaningful consolidation and growth in power sector. But insurance sector (especially life insurance) can and most probably will consolidate and grow.

Anyway, I have not brought these shares for making some quick bucks. I am prepared to wait and see. Let us hope for the best.
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Old 29-09-2016, 11:32 PM
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I also bought today for long term, 7-10 yrs, lets see how it unfolds, insurance business is different, its like Berkshire hathway buillt its bricks and mortars from insurance only, and iciciprulife is the first one to list in India in insurance, and and mkt tanked today out of panic and uncertainty of war like situation with Pak.
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Old 01-10-2016, 11:20 AM
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I am wondering why someone would like to buy a slow growing company which is not even available at deep discount to its fair value.
This co is available at 8x P/Bv, I see no reason for any sort of upward reratings abv such hefty premium to book which is growing at such a slow pace.

Add to that this is a Commodity business and much of the current profits shown depends on underwriting profit/loss is usually known after few years. So one really has to rely on mgmt's guesses abt these reported earnings.

Lets assume that the numbers reported are correct and there is no major BlackSwan happen in future (Pak is rogue nation and if defense min threatens with their Nuke weapons, we should not take that lightly) and suppose PAT starts growing by 8% vs 4% CAGR for next 10 years, this implies book val should too grow by 8%. Further lets assume that the premium to book remains at 8x.
So by yr 10 we will be seeing Bookval of roughly 80/- multiply with 8 to get 640 vs cmp 300. This is best case acc to me.

If premium to book falls by half ( as it always can because of Revision to mean ), we will be left with 80*4 = 320/- or ZERO returns in 10 years.
I am not in such camp.

A que to everyone who is reading this post, what should we as a retail investor with limited equity aim as our rate of return ?
This post is not for/against any investment or anyone.
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Old 01-10-2016, 11:24 AM
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Originally Posted by jazz View Post
I am wondering why someone would like to buy a slow growing company which is not even available at deep discount to its fair value.
This co is available at 8x P/Bv, I see no reason for any sort of upward reratings abv such hefty premium to book which is growing at such a slow pace.

Add to that this is a Commodity business and much of the current profits shown depends on underwriting profit/loss is usually known after few years. So one really has to rely on mgmt's guesses abt these reported earnings.

Lets assume that the numbers reported are correct and there is no major BlackSwan happen in future (Pak is rogue nation and if defense min threatens with their Nuke weapons, we should not take that lightly) and suppose PAT starts growing by 8% vs 4% CAGR for next 10 years, this implies book val should too grow by 8%. Further lets assume that the premium to book remains at 8x.
So by yr 10 we will be seeing Bookval of roughly 80/- multiply with 8 to get 640 vs cmp 300. This is best case acc to me.

If premium to book falls by half ( as it always can because of Revision to mean ), we will be left with 80*4 = 320/- or ZERO returns in 10 years.
I am not in such camp.

A que to everyone who is reading this post, what should we as a retail investor with limited equity aim as our rate of return ?
This post is not for/against any investment or anyone.


Sir next Delta please
Jai Ram JI KI
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Old 01-10-2016, 03:11 PM
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Originally Posted by nTuple View Post
bought sir in shareholder mode ... update us time to time ... finger crossed.
cons it is with ulip plan holders in mjority .

new india insurance already is getting nod for FY17.

none came to me ... application rejected what to do or bolatha saabko ea thoda overpriced hay ... per ea rel pow nehi hay ...
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Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only.

Consider us a dumb -dumble guy in this analysis, any type of real time example will be quick-learn approach.
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Old 01-10-2016, 07:33 PM
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Originally Posted by nTuple View Post
none came to me ... application rejected what to do or bolatha saabko ea thoda overpriced hay ... per ea rel pow nehi hay ...

Buy in marke, current price is lower than issue price.

-Anant
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Old 01-10-2016, 09:44 PM
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Originally Posted by jazz View Post
I am wondering why someone would like to buy a slow growing company which is not even available at deep discount to its fair value.
This co is available at 8x P/Bv, I see no reason for any sort of upward reratings abv such hefty premium to book which is growing at such a slow pace.

Add to that this is a Commodity business and much of the current profits shown depends on underwriting profit/loss is usually known after few years. So one really has to rely on mgmt's guesses abt these reported earnings.

Lets assume that the numbers reported are correct and there is no major BlackSwan happen in future (Pak is rogue nation and if defense min threatens with their Nuke weapons, we should not take that lightly) and suppose PAT starts growing by 8% vs 4% CAGR for next 10 years, this implies book val should too grow by 8%. Further lets assume that the premium to book remains at 8x.
So by yr 10 we will be seeing Bookval of roughly 80/- multiply with 8 to get 640 vs cmp 300. This is best case acc to me.

If premium to book falls by half ( as it always can because of Revision to mean ), we will be left with 80*4 = 320/- or ZERO returns in 10 years.
I am not in such camp.

A que to everyone who is reading this post, what should we as a retail investor with limited equity aim as our rate of return ?
This post is not for/against any investment or anyone.

Will my whole investment would regress downwards, may even become penny stock type? i am really worried, since I am very poor in Fundamental analysis.
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Old 05-10-2016, 04:24 PM
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Originally Posted by praveen taneja View Post

Sir next Delta please
Jai Ram JI KI

Have found another Delta corp and its name is DELTA CORP
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Old 15-10-2016, 10:39 AM
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https://t.co/AOqCZQjtbT
WW3 on Cards ?
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Old 16-10-2016, 12:45 AM
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So our ICICIPRULIFE is going to gain or lose in the event of an WW3?
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