Month: March 2017

Markets @9000/- and we have nothing to do ….!!WRONG!!

So markets crossed 9000 and we at Shikhar capital have nothing to do except waiting………………………………………………….

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For  killing time we are exploring company’s which are out of flavor or which wee have booked good profits. To name a few we are completely out from Associated alcohol, (more…)

@9000 we ran away … whats up with Shikhar Capital???

“It takes character to sit with all that cash and to do nothing.I didn’t get top where I am by going after mediocre opportunities.”

Charles T. Munger, Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger

“We both, Warren Buffett and I, insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.” – Charlie Munger

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We had got into 10% cash, booked some profits in Mid-cap names like Adani, Rain,  Reliance etc. and now we have cash and have nothing to do.

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Can Imagica create the magic for shareholders??

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We are big fans of theme parks but the problem in India is either they are too expensive like wonderla holidays or the quality of theme park is way below the standards (Let’s not name the small theme parks with the shitty crowd and stuff). 

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Market @ 9000/- What’s Shikhar Capital is doing???Booking profits and running !!

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So market still stares at 9000/- levels and our earlier targets of 9400-9600 are still intact.

However, again the mid cap and small cap stocks are hitting roughs and whenever stocks like Lycos starts hitting upper circuit we get skeptical. Stocks like Delta corp are up 70 % from Demonetisation and Brexit low. How come they are commanding such (more…)

Market commentary- Nifty @ 9000, UP elections and Global market views!!!

So Nifty is knocking at 9000/– Historic moment indeed. Fantastic volatility, first the lows of 6800 during last Jan ’16 – Feb’ 16, Then it went to highs of 8800, after that, it again went down to 8000 due to demonetisation & Trump(On same day ) and after that, a straight forward bullish march to 9000/-

We at Shikhar capital were lucky enough to get these lows and highs correct even though we don’t speculate. But since we are low on capital we have to churn our portfolios to get some more juice. If capital allows we would love to keep our portfolio intact for years together.

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Why we love McDonald’s burger and why it is our top holding !!

 Why Mc Donald’s is our top holding ??

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How could anyone get wrong with this?

Westlife development is the franchise for McDonald’s in India (West and South )

  1.  Westlife Development is the franchise of  Mac Donald’s for West and south region.
  2. 232 stores are already there and expected to be doubled in in next five years.

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Nifty @9000 Market commentary!!!

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So, Nifty at the doorsteps of  9000, all the bears are hiding and bulls are on the rampage , so the tide is getting higher.The D mart IPO of 18000 Crores  is one of the biggest and going to suck liquidity but who cares. 2008 bull market ended with Reliance power IPO, but before that DLF IPO (IPO price 1000  right now at 145 ) and Big Bazaar IPO (IPO price 1000 if I am correct and now n number of companies with god knows the complexity of valuations huh….). So are we on the cusp of the end of this run … we at SHIKHAR CAPITAL don’t think so….. (more…)