ICUMD

https://timesofindia.indiatimes.com/city/bengaluru/kempegowda-international-airport-sees-25-rise-in-international-passengers/articleshow/111270365.cms

@SafetyinNumbers thank you for sharing this info. I suppose if someone wanted to develop a large position quickly in a thinly traded company, this would be the way to do it. Nice to see it head higher, though time will tell it's holding power. Price is set by the small hands that trade. Perhaps a harbinger of good news to come.

Anyone note the afterhours trading with a $15.15 close in FIH.U? Huge spike in volumes also. Didn't think this traded after hours. Buybacks?

@Libs seems a bit dramatic. But hard to anticipate solutions. My bet would be on using EV cars to power the grid during surge demand.

Yahoo Finance: https://finance.yahoo.com/quote/GMRINFRA.NS. Looking at GMR airports and it's performance as a public company is the best reason I can see to own Fairfax India at current prices. I would expect BIAL would follow a similar trajectory with a significant pop on IPO.

@SafetyinNumbers The issue with a sidecar structure is that it values the management capabilities instead of a capital investment. I don't know how to value what Fairfax India management actually brings to the table in such a case. I would therefore value a sidecar structure at 0. Open to hear other opinions.

@rajpgokul Thank you for this insightful write-up. One question I'm still unclear on is how they will generate the cash flow to enact share buybacks or purchase new businesses? Aside from BIAL IPO and share issuance, or taking on more debt, i can't see any other options.

Never said markets are rationale!

Reason for the volatility: https://www.business-standard.com/finance/news/rbi-appointed-auditor-completes-the-special-audit-of-iifl-finance-124060601086_1.html

Hopeful that Ben Watsa will be a catalyst for getting things going at Fairfax India. Since he's young, and hopefully 'hungry' to make a name for himself outside his father's shadows, Fairfax India might be the vehicle for him. It seems that Marvel has a market cap of about 300M. Much better prospect with Fairfax India at ~2 B. Also, Fairfax India needs cash. So, now that elections are over, they better start aggressively looking to get an Anchorage listing or start selling some of their non core businesses. Without cash, this company is dead in the water.

+1 for cardiovascular health. No need to reach for esoteric understanding of common sense. Waste of time imo. Only thing I would add is don't underestimate the role of injury in throwing a permanent wrench in your activity level. I know a few competitive bikers/ runners hit by cars now with spinal / brain injury. Even a knee injury can be difficult to bounce back from. Shoulder injury from heavy weight training etc.

Being in the medical field, genetics usually has the last laugh. Eat healthy, be active, balanced lifestyle. Keep your weight in check, don't smoke, don't drink daily, see your doctor for annual checkups. Don't stress about the 5 chips you eat or the piece of pizza. Guaranteed not to be relevant to longevity. Don't kill your body doing punishing workout routines or follow strict diets. Few of those people last actually. Healthiest longest lived people? Farmers in my experience. Check out the Bluezones documentary on Netflix.

Thanks very much for the suggestion.

Has anyone done this? How does it work and what was the offer? When I call to Fairfax India contact number, I get a generic mailbox.

Good points. Makes sense to hold past the Indian elections and also see the outcome of the IDBI bidding. Fairfax India has apparently offered an all cash deal, so they are coming in strong and I assume must have a plan in place. OTOH, their private Indian investments, no matter how strong they are (ie BIAL), are not translating into market price very well. Anchorage seems like a pipedream to me years after their initial proposal.

Despite all the good prospects, Fairfax India is one dog of a stock!

Back pain has been an issue for me, age 48. Not an expert, but much improvement after stretching and starting a push up regimen 50 - 100 per day. I do sets of 20-30 push ups in my office at work. Don't have extra time to do dedicated work out routines in the gym. Strong believer in calesthenics and now yoga. Will be adding a pull up bar regimen shortly to help with spinal decompression and upper body strengthening.

Not seeing this event being on the near term horizon based on inference from the Annual Meeting. Could be a few years out still.

I can imagine! I will admit though, you are right - age does catch up quickly with a person. Currently, I'm traveling through Bali with the wife and little one. As traffic and sidewalks here are insane, I'm carrying the baby in a front carrier during the daytime. I literally had to train for this 2 months in advance doing yoga and push-ups like Rocky Balboa which has helped, but not completely mitigated back strain/pain. It's a heck of fun though! Btw, out of curiosity, how big is an Ericopoly sized portfolio?

@rkbabang Funny u should mention. I'm 48 with a 2 year old. Every day I'm thankful I'm doing this now rather than 20 yrs ago. Back then, I was so busy getting my career going that I doubt I would have been able to focus with studying, writing exams and manage kid expenses on a marginal income. The last 10 yrs, I had a chance to date and travel. Now, my career has plateaued, income and savings strong, I think I'm in a better position to raise a kid. Perhaps we justify our own reality?

Seems like Haniyeh, regardless of his billions, is not without suffering: from Wikipedia - Haniyeh currently lives in Qatar.[59][60][61][62] In October 2023, 14 members of his family were killed in an Israeli airstrike on his family home in Gaza City, among them a brother and nephew.[63] In November 2023, a granddaughter of his was reportedly killed in an Israeli airstrike in Gaza City.[64] Later that month his eldest grandson was killed in an Israeli strike.[65] Three of his sons and three grandchildren were killed in an Israeli airstrike in the Gaza Strip on 10 April 2024.[66] [6

@giulio thanks for the excellent summary. My main thoughts attending the meeting online were 1. Air India making BIAL a secondary hub is a game changer. All of a sudden you are guaranteed international connectivity and incr passenger volumes. This will translate into huge revenue streams, esp for their non aero businesses. International passengers have much deeper pockets than domestic, on average. 2. Financial services can grow faster than infrastructure developments. IDBI, if they can cinch the deal under Fairfax India, would be the next game changer. Hopefully announcement on this will happen after Indian elections close in June. 3. Anchorage Doesn't seem to be a huge priority, though I could be mistaken. 4. SIB Doesn't seem to be in the works. They are apparently happy picking up shares on the market.

Bought a little BCE. BCE owns the telecom infrastructure. Forced competition and cost reduction will slow build out of fibre to small communities. Ultimately, this company needs to survive and expand and all Canadians need to be connected. Political interference can only go so far. Starlink and satellite Internet are bandwidth constrained relative to fibre. (I know, since I have Starlink and wish I had fibre). Hard not to add at these levels and dividend is highly attractive.

I've also not been able to get clarity on whether or not the UDFs were being recalculated in each control period as per the contractual agreement. In their reports, there is never any confirmation the UDF was paid as per the agreement. Only vague statements. Recalculation was especially important during the pandemic.

BNS.to 6.2% yield from a Canadian Charter bank, hard to pass up. Personally loaded up to the brim sub 60s.