[JMaruru]

Originally Posted by sharninder

What's everyone's opinion on Manappuram Finance. The stock is down almost 30% this month, although still up 150% YTD. I feel like the company is doing decently and once this whole dust settles down, it's got to grow. The results were decent this quarter and they're anyway looking to go beyond gold.

I am adding onto my current holdings on this counter. I have been bullish, from when it was around 10 bucks couple of years back. The rationale was very simple as they used to pay INR .45 every quarter. Back then, at INR 1.8/- dividend and dividend payout ratio being higher than bank fixed rate, it was a no brainer.

Now business wise, they are diversifying into housing and vehicle finance. Considering the recent upsides on NBFC counters, my gut feel, this would do good going ahead. The recent moves towards cashless economy would also do good for this counter.

Disclosure: I have significant holding on this counter.

[fordday]

Originally Posted by Jimmy_u

7.Once the money starts rolling "Live Life Kingsize" :-)

If you are still in the business, how did it turn out, Jimmy_u?

Just a few minutes ago, I booked profit 100 CAIRN @ ₹ 261 after holding them for more than 1½ years.

[hserus]

Most of the gold finance industry has pretty shady criminal etc links and mostly runs on not very well accounted money.

Demonetization will have hit them at least temporarily.

And even then there are unforeseen (or is it foreseen) business risks like this for them - http://indianexpress.com/article/ind...uthoot-george/

Originally Posted by JMaruru

I am adding onto my current holdings on this counter. I have been bullish, from when it was around 10 bucks couple of years back. The rationale was very simple as they used to pay INR .45 every quarter. Back then, at INR 1.8/- dividend and dividend payout ratio being higher than bank fixed rate, it was a no brainer.

Now business wise, they are diversifying into housing and vehicle finance. Considering the recent upsides on NBFC counters, my gut feel, this would do good going ahead. The recent moves towards cashless economy would also do good for this counter.

Disclosure: I have significant holding on this counter.

[nowwhat?]

Originally Posted by hserus

Most of the gold finance industry has pretty shady criminal etc links and mostly runs on not very well accounted money.

Demonetization will have hit them at least temporarily.

And even then there are unforeseen (or is it foreseen) business risks like this for them - http://indianexpress.com/article/ind...uthoot-george/

In the last 5-6 years, rural folk in Kerala have benefited from surging real estate prices, gold finance and easy loans from District Cooperative Banks (DCC).

Whereas once women would flaunt heavy gold ornaments, these days hardly anyone there wears any gold. When she attended a wedding over a year ago, my wife was astonished by the lack of gold among the guests, she asked a few and they all claimed they don't wear gold for security reasons. She later found the real reason is that most of them have pawned the gold to gold finance companies.

These days real estate prices in Kerala have crashed. There is hardly any sale or purchase of even prime property, I know at least two sales in their final stages that have fizzled, one a prime property on the Ernakulam bypass, the other a resort location in Alleppey. DCCs are unable to accept old notes and it appears the government or the RBI may act on them. It thus appears that not many customers would be able to pay their loans.

If one looks at the physical presence of Muthoot Finance, they are concentrated in Kerala and have few branches mostly in other southern states. So we are talking about a whole lot of geographical risk, business risk, repayment risk, etc. Kerala has had many entrepreneurs with stellar reputations who have gone from boom to bust in less than a decade. Muthoot wants to branch off into retail loans, but that is a whole another cup of tea where bigger established companies have a significant presence. As such, I would be very wary of Muthoot Finance, Mannapuram Finance and other gold finance companies.

[sukiwa]

Spotted on a portal few days back. Why give advice of 'Buy' as well as 'Sell' on same stock?

[nowwhat?]

Originally Posted by sukiwa

Spotted on a portal few days back. Why give advice of 'Buy' as well as 'Sell' on same stock?

That's advice from two different analysts, not CNBC TV18. On second glance given that both target prices are higher, I think maybe they made a mistake on the first one to tag it as "Sell" instead of "Buy".

In any case, I don't find any of their outside analysts trustworthy. However research reports posted on that website from various brokerages are sometimes exceptionally good.

[Saanil]

Originally Posted by nowwhat?

As such, I would be very wary of Muthoot Finance, Mannapuram Finance and other gold finance companies.

I agree with you. I am not all comfortable investing in gold backed finance companies. Actually, I am not keen on the entire NBFC sector as in my opinion, the valuations are too demanding.

Added 100 COALINDIA @ ₹ 295 each at 12:36 pm today.

[JMaruru]

Could we have two demat accounts like one each in zerodha and ICICIDirect, but linked to the same PAN but different bank accounts?

Please advise.

[SmartCat]

Originally Posted by JMaruru

Could we have two demat accounts like one each in zerodha and ICICIDirect, but linked to the same PAN but different bank accounts?

No issues with that. I use ICICIDirect for long term investing and Zerodha for trading in F&O segment.

[JMaruru]

Originally Posted by smartcat

No issues with that. I use ICICIDirect for long term investing and Zerodha for trading in F&O segment.

How do we manage the OTP authentication, if one is overseas.
Are there any workarounds for this? Would any bank accept email authentication?

Please advise.

Originally Posted by JMaruru

How do we manage the OTP authentication, if one is overseas.

I get OTP both in my phone as well as in email from Kotak Securities for my trading account access. However, for opening demat/trading account, verification of address and signatures in hard copies of tripartite agreement/application forms are required, I think.

[JMaruru]

Originally Posted by smartcat

No issues with that. I use ICICIDirect for long term investing and Zerodha for trading in F&O segment.

Is Zerodha NOT good for regular(buy and hold for less than a year or year+) stock investment? I would be NOT much in F&O or options.

[SmartCat]

Originally Posted by JMaruru

Is Zerodha NOT good for regular(buy and hold for less than a year or year+) stock investment? I would be NOT much in F&O or options.

Nothing like that. I just want to keep investment portfolio in one account and trading portfolio in another.

Zerodha is highly profitable. No fund safety issues as such. There is no brokerage charges when you do buy and hold investing with Zerodha (they make all their money from trading clients)