Amateur investor. Enjoy sharing thoughts on investing, personal finance and more. Not here to sell anything. Views are personal and are not recommendations.
A well balanced presentation on ITC by @RajeevThakkar of @PPFAS Those interested can watch from 50:40
T.N.Ninan poses an interesting question: There are only 57 million credit cards in the country held by top 10% of households by income. If their defaults are increasing alarmingly, as SBI cards result show, are households into serious financial problem?
Good results by Nestle India. Nice dividends too.
Trump or Biden; doesn't matter. Pidilite would continue to sell Fevicol. Nestle would continue to sell Maggi. ITC would continue to sell Aashirvaad. Ignore macro. Ignore markets. Ignore prices. Focus only on businesses.
No. It's Pidilite. They are doing it for a long time. Honest, ethical, transparent and minority shareholder friendly. Gem of corporate governance.
Reason provided many times for exiting HDFC Bank. In my view, HDFC Bank would continue to be a wealth creator. For concentrated portfolio, better to avoid leveraged entities and lending businesses.
They won't add any other brand under listed entity. Two possibilities; They may merge both P&G Hygiene and Gillette into a single listed entity. Or they may even go for delisting both P&G Hygiene and Gillette.
At one point, wanted to own either Pidilite or Asian Paints. Very difficult call. Finally decided for Pidilite. I don't prefer owning many stocks. 12 or 15 can be the outer limit. 8 is the bare minimum, which is what I'm owning now.
In alphabetical order: HDFC Life ITC Johnson Controls Hitachi Nestle India P&G Hygiene Pidilite Titan United Spirits
Well, provided if you believe ITC has same future like that of coal India. I believe otherwise. ITC has a great future.
Agri, Paper and Packaging, IT; these are all started by ITC primarily to support cigarette and FMCG businesses. So these were originally cost centres for own businesses. But by their quality, these verticals started serving outsiders too and have become profit centres.
Someone can verify and confirm. Remember reading in one of the brokerage reports that this is the lowest valuation ITC has traded at. Say 12 PE at FY 22 earnings.
Just to answer what I would do if ITC reaches 100, I would buy more. I've made good allocation to the stock in my portfolio during last 7 months and dividend income would be huge. Still 100 is mouth watering. Would definitely buy some more. Can't resist such a bargain.
Let it go. Let me see what happens when ITC is available for 8 PE and 10% dividend yield.
In investing, learning is cumulative. Betting on Nestle, when it was hugely criticised post Maggi crisis, helped me to bet big on ITC since this March. Accuse me of overconfidence. I'm extremely confident that my downside is limited in ITC and upside potential is huge.
Where you invest is upto you. Your money, your decision. I own both ITC and Nestle.
Those who ask why ITC is getting into many verticals under FMCG; the idea is to be the number one listed player in FMCG space and also a food major of India. They may end up with dozens of powerful brands and sub brands. All global FMCG majors have numerous brands and products.
As our per capita increases, Nestle India would be able to introduce many more brands and products. They have 2000 products and brands of which a very small number is sold in India. Google. In Japan, Kitkat is next to religion.
100% yes. This message is for all the followers. I'm heavily biased and opinionated in favour of ITC. I've vested interest as a shareholder.
Today's Economic Times reports that post pandemic, frozen food segment is growing in leaps and bounds. ITC's frozen foods are growing in triple digit volume.