TwoCitiesCapital Posted September 20 Share Posted September 20 54 minutes ago, hobbit said: yes that's correct and its likely that CSB will get a significant premium for the merger, probably in the range of 80-100%. If not for IDBI deal overhang , CSB would be trading at much higher prices. Can you explain your reasoning here? I'm not following why investors would be discounting a stock that they expect to rise 80-100% in a likely merger? I would think CSB would be trading HIGHER today due to the speculation for a deal? Link to comment Share on other sites More sharing options...
hobbit Posted September 20 Share Posted September 20 (edited) 1 hour ago, TwoCitiesCapital said: Can you explain your reasoning here? I'm not following why investors would be discounting a stock that they expect to rise 80-100% in a likely merger? I would think CSB would be trading HIGHER today due to the speculation for a deal? because of the uncertainty that whether it will be a merger or a forced sale at a discount to intrinsic value to a third party . Indian govt can easily make it contingent that FIH sells CSB before buying IDBI to expedite the transaction and not get it stuck in too much red tape as a merger would entail. I do not think this scenario will play out but there is a non zero probability that it might. Market hates uncertainty. Edited September 20 by hobbit Link to comment Share on other sites More sharing options...
Junior R Posted September 24 Share Posted September 24 India indexs hit all time high today lol we are still waiting for FIH Link to comment Share on other sites More sharing options...
hardcorevalue Posted September 24 Share Posted September 24 43 minutes ago, Junior R said: India indexs hit all time high today lol we are still waiting for FIH It’s beyond frustrating. I’m getting clients angry at me for FIH instead of an index fund. We need that anchorage IPOl lol Link to comment Share on other sites More sharing options...
Junior R Posted September 24 Share Posted September 24 5 minutes ago, hardcorevalue said: It’s beyond frustrating. I’m getting clients angry at me for FIH instead of an index fund. We need that anchorage IPOl lol Lol inda etf 5 year is up over 70%...I think we are closer to IPO maybe sometime in 2025 or early 2026 Link to comment Share on other sites More sharing options...
hobbit Posted September 24 Share Posted September 24 (edited) IIFL finance is contemplating a demerger of its subsidiaries in the next 18 months. IIFL home finance is likely to be more than the current market cap of the entire company. https://www.moneycontrol.com/banking/may-list-iifl-home-finance-samasta-in-18-months-says-nirmal-jain-article-12827557.html Edited September 24 by hobbit Link to comment Share on other sites More sharing options...
CharlieMunger Posted September 30 Share Posted September 30 Is Fairfax India still considered a PFIC for US tax purposes? Link to comment Share on other sites More sharing options...
Junior R Posted October 14 Share Posted October 14 seems like Canada and India back at the politics...Couple diplomats expelled on each side Link to comment Share on other sites More sharing options...
TB Posted October 15 Share Posted October 15 (edited) Canada hints at sanctions against India; @Viking and other bulls, would this impact your investment thesis of FIH or FFH https://www.msn.com/en-in/news/India/canada-hints-at-sanctions-against-india-over-nijjar-killing-foreign-minister-melanie-joly-says-everything-is-on-table/ar-AA1sjAHF Edited October 15 by TB Link to comment Share on other sites More sharing options...
Dinar Posted October 15 Share Posted October 15 On 9/30/2024 at 10:49 AM, CharlieMunger said: Is Fairfax India still considered a PFIC for US tax purposes? My accountant told me yes two months ago. Link to comment Share on other sites More sharing options...
Viking Posted October 15 Share Posted October 15 (edited) 3 hours ago, TB said: Canada hints at sanctions against India; @Viking and other bulls, would this impact your investment thesis of FIH or FFH https://www.msn.com/en-in/news/India/canada-hints-at-sanctions-against-india-over-nijjar-killing-foreign-minister-melanie-joly-says-everything-is-on-table/ar-AA1sjAHF @TB As a general rule, i try and keep politics out of my investing framework, especially for those investments i view as medium to long term holdings. I am following what is going on. As with all my investments, I will follow the facts and fundamentals and make adjustments as needed. It is the same approach I am taking with the US election. PS: I do not own any Fairfax India today (it is on my watchlist). Edited October 15 by Viking Link to comment Share on other sites More sharing options...
Junior R Posted October 16 Share Posted October 16 Sold my FIH position today ...Will re enter after the Canada / India dispute is completed Link to comment Share on other sites More sharing options...
Xerxes Posted October 18 Share Posted October 18 The Canada-India dispute and comments on FIH, reminds of how Buffett in his letter kept reminding his BRK investors of the nature of insurance business and that when bad news come, is not the time to acknowledge that it is inherently risky. FIH invest fully in the Indian market all 100% of equity capital. One should always expect to encounter roadblocks, tailwinds and headwinds for a fast growing foreign market with massive potential, aspirations and many pitfall along the way to keep things interesting. Link to comment Share on other sites More sharing options...
Xerxes Posted October 18 Share Posted October 18 Masayoshi Son invested less than $100 million into a growing, foreign country during the dying days of Deng Xiapoing era. At some point it was worth $200 billion, and I think he sold in various transactions at somewhere around $70 billion, half century later. There were many reasons for the Japanese investor to liquidate his position anytime over 20 years as an investor in emerging market. Tons. Looks easy in hindsight. Link to comment Share on other sites More sharing options...
Haryana Posted October 20 Share Posted October 20 Can Prem Watsa be Credibly Alleged of Foreign Interference because he got Jason Kenney on the board of Fairfax India? (LOL) https://www.fairfaxindia.ca/corporate/jason-kenney/ Link to comment Share on other sites More sharing options...
Junior R Posted October 20 Share Posted October 20 17 hours ago, Haryana said: Can Prem Watsa be Credibly Alleged of Foreign Interference because he got Jason Kenney on the board of Fairfax India? (LOL) https://www.fairfaxindia.ca/corporate/jason-kenney/ lol no Link to comment Share on other sites More sharing options...
dartmonkey Posted October 23 Share Posted October 23 Interesting article on Indian social norms: https://www.strangeloopcanon.com/p/life-in-india-is-a-series-of-bilateral?utm_source=multiple-personal-recommendations-email&utm_medium=email&triedRedirect=true He talks about how immensely Indian infrastructure has modernized and improved, while some things like traffic behaviour remain chaotic. Bonus: compliments to our beautiful Bangalore airport. Link to comment Share on other sites More sharing options...
MMM20 Posted October 24 Share Posted October 24 "For the Indian government, the stakes could scarcely be higher. India is in the midst of a partial rapprochement with China, but anyone who thinks New Delhi can afford to alienate the West is delusional. If India is seen as seeking to undermine freedom of speech and rule of law in the West, it risks being clubbed together with such adversaries as China, Russia and Iran." Unlocked article https://www.wsj.com/opinion/the-india-canada-breakdown-sikh-seperatist-murder-dispute-e74ed8c4?st=fYxjUC&reflink=desktopwebshare_permalink Link to comment Share on other sites More sharing options...
Dipesh Patel Posted October 24 Share Posted October 24 https://timesofindia.indiatimes.com/business/india-business/mr-modi-is-fantastic-prem-watsa-known-as-canadas-warren-buffett-says-india-can-grow-at-10-under-pm-modi/amp_articleshow/114542293.cms Link to comment Share on other sites More sharing options...
Haryana Posted October 30 Share Posted October 30 On 10/24/2024 at 6:31 AM, MMM20 said: "For the Indian government, the stakes could scarcely be higher. India is in the midst of a partial rapprochement with China, but anyone who thinks New Delhi can afford to alienate the West is delusional. If India is seen as seeking to undermine freedom of speech and rule of law in the West, it risks being clubbed together with such adversaries as China, Russia and Iran." Unlocked article https://www.wsj.com/opinion/the-india-canada-breakdown-sikh-seperatist-murder-dispute-e74ed8c4?st=fYxjUC&reflink=desktopwebshare_permalink From the same article - "For the U.S., which has spent over two decades cultivating closer ties with India, Mr. Trudeau’s showboating approach to a sensitive issue is a textbook case of how not to handle an important partner." Link to comment Share on other sites More sharing options...
gfp Posted Thursday at 09:13 PM Share Posted Thursday at 09:13 PM Q3 results press release - https://www.globenewswire.com/news-release/2024/10/31/2973090/0/en/Fairfax-India-Holdings-Corporation-Third-Quarter-Financial-Results.html Link to comment Share on other sites More sharing options...
Junior R Posted Friday at 11:22 PM Share Posted Friday at 11:22 PM one of these days/months the IPO for the vehicle that holds Bial will IPO and we should see this stock price double which will then add to Fairfax Financial gains Quote Air cargo seeing phenomenal growth amid Red Sea crisis: BIAL COO Satyaki Link to comment Share on other sites More sharing options...
dartmonkey Posted Saturday at 01:09 AM Share Posted Saturday at 01:09 AM On 10/31/2024 at 5:13 PM, gfp said: Q3 results press release - https://www.globenewswire.com/news-release/2024/10/31/2973090/0/en/Fairfax-India-Holdings-Corporation-Third-Quarter-Financial-Results.html Does anyone happen to have a transcript of the Q3 earnings call? Link to comment Share on other sites More sharing options...
gfp Posted Saturday at 02:40 AM Share Posted Saturday at 02:40 AM I don’t think Fairfax India does conference calls. Just the AGM Link to comment Share on other sites More sharing options...
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