Author Topic: Fairfax India new issue  (Read 115333 times)

tradevestor

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Re: Fairfax India new issue
« Reply #240 on: August 10, 2018, 08:33:26 AM »
BIAL annual report: http://www.bengaluruairport.com/bial/pdf/Annual_Report_2016_17.pdf

(slow site, takes more than a minute to load)


chrispy

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Re: Fairfax India new issue
« Reply #241 on: September 05, 2018, 02:39:03 PM »
Nearing the 52 week low

obtuse_investor

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Re: Fairfax India new issue
« Reply #242 on: September 05, 2018, 02:56:16 PM »
Still not at the lowest price to book value it has been at before.

It's a good buy if you can convincingly argue that book value is understated. Book value is in US dollars, while earnings are in rupees.

USDINR is hitting all time highs lately. Most likely that is not permanent, considering the long growth path the country has.
Value Investor who manages his personal portfolio with a 25-45 year time horizon | @obtuse_investor

chrispy

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Re: Fairfax India new issue
« Reply #243 on: September 10, 2018, 02:04:23 PM »
Since June 30th IIFL has decreased by 4-5%, Bangalore has not been reappraised (I believe), and the currency has plummeted. The q2 decrease in book value was due to the rupee so that would mean book value may very well decrease this quarter (short sighted thoughts)

petec

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Re: Fairfax India new issue
« Reply #244 on: September 20, 2018, 03:11:50 PM »
Deal announced today values Sanmar at $1.5bn of which FIH will own 43%. BVPS rises by $1.62 although I donít understand why they get to revalue the equity based on their own follow-on price.

chrispy

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Re: Fairfax India new issue
« Reply #245 on: September 26, 2018, 05:08:42 AM »
Value Stocks podcast most recent episode covers Fairfax India for about 45 minutes. Enjoyed listening to it but the topics and conclusions are very similar to what has been mentioned here.

My cost basis is right around this price level and is only a few percentage of my total holdings. I don't feel an urge to add unless it drops one or two more dollars which may not happen.

TwoCitiesCapital

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Re: Fairfax India new issue
« Reply #246 on: September 26, 2018, 08:15:38 AM »
I've decided to dip my toes in here. It diversifies my major EM exposure and it has a clear track record. Still not ecstatic about the fee structure, but one does deserve to get paid for their talent...

Small holding at the moment - ~0.5% but will likely be rolling other profits into it if it stays near current levels as other things run.

Fairfaxnut

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Re: Fairfax India new issue
« Reply #247 on: September 27, 2018, 05:07:50 AM »

chrispy

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Re: Fairfax India new issue
« Reply #248 on: September 27, 2018, 07:48:34 AM »
Almost half a mile, wow.

valueinvesting101

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Re: Fairfax India new issue
« Reply #249 on: September 29, 2018, 03:40:23 PM »
Brian Bradstreet is buying again....

https://www.canadianinsider.com/node/7?menu_tickersearch=FIH+%7C+Fairfax+India+Holdings

What are those number for Fairfax India holding in July and August? Does it mean company repurchased and cancelled those shares?