BC FOR LATER READ
Saved by @ThomassRichards

Jyothy Labs conducted their earnings con-call today at 3:00 PM

Here are the key highlights 😀👇

@drprashantmish6 @unseenvalue @proxy_investor @deepakshenoy

#concall

 Sector Trend:
• Strong demand in Homecare and healthcare
• Institutional business has gradual comeback and now near to pre-covid level
• New launches: Exo All Surface Cleaner launched in South of India
• Media spent increased for more growth
• Market share has been improved
Business: Updates:
• A&P spend increased with growth in business segment.
• Segmental performance in image.
• Due to lower other expenses the EBIDA margins have seen growth insipte of increase in adv. cost.
Business segment:
• Mainwash segment has started doing better.
• Postwash segment is still constrain as school and office are closed. However there is gradual growth.
• Dishwash segment remain robust and company continuous to see good growth over diswash.
Sales Growth:
• Higher utlization has been helping in decreasing the cost.
• Sales force with higher utlization reduces per cost, hence increase in margin.
• Increase in price has very little part.
• Company has current guidance of same margins of around 14-15%.
Recovery of Detergent:
• All of the detergent are back on growth.
• Ujala and Mr White are doing good. Ujala post wash is coming back to pre-covid levels (90-95% of pre-covid levels)
• Crisp and Shine has been only in 2 states which is affect by covid, hence it may take time.
Household Insecticide.
• Coil segment company has 20% of market share and in liquid company has 8-10% of market share.
• Segment is still profitable.
• Company expects more 3-4 quarter to see a significant growth in the liquid coil segment.
• Coil segment company has 20% of market share and in liquid company has 8-10% of market share.
• Segment is still profitable.
• Company expects more 3-4 quarter to see a significant growth in the liquid coil segment.
• Product Delivery have been improved with compare to competitor.
• Other Expense as a % of sales will be same and there is no on-off.
• Tax Rate: Company is under MAT for this year and entire FY 2022, hence tax rate can be 18-20%.
• Personal care: Main growth driver is Margo
• Rural growth is higher than the urban.(1.3:1 growth rate rural:urban).
• Channel Inventory: Generally is 2-3 week
• Debt: Company stands at net cash. Gross debt is expected to be ~50-60cr.
• There may be little decline in A&P cost keeping EBIDTA margins expectation in line.
•Low presence in East: East is next biggest market hence there is good presence of the company.

• In e-commerce company don't go for Grofferes due to unfavourable T&C.

More from The Tycoon Mindset

The Tycoon Mindset
The Tycoon Mindset
@tycoonmindset05
Cipla concall was today at 10:40 pm (late night)

Here are the key takeaways 😃

@unseenvalue @darshanvmehta1 @AlgoBoffin @iramneek

Introduction

- Company being the first one to launch Remdesivir and the whole portfolio for covid 19

- Company is no.2 in lung leadership. Will try to unlock the complex generics in US.

- Growing faster than the average market growth.


- Trying to bring respiratory technology in China and in Brazil.
- There is a fair amount of unlocking through digitalization.
- ESG to improve in future. Becoming carbon neutral and water neutral.

US business
- Were able to add

- would be doubling the revenue in US.

- The pipeline is nicely diversified , now the products are diversified into respiratory + injectable around 30%


Indian market: One india strategy
- To cosumerize the business.

- Generic business is no.1 in india.

- Brand is moving from generic business to consumer business.

- Goal is to keep beating market growth by expanding the depth in portfolio.
HEALTH
The Tycoon Mindset
The Tycoon Mindset
@tycoonmindset05
HDFC Life Concall was today at 5.15 pm

Here are the key highlights of the Conference call 😀👇

@dmuthuk @datta_arvind @Vivek_Investor @connectgurmeet @Prakashplutus

Business Updates:

• Continue to see pickup in saving business.
• Growth is there both in volume of policy and increase in ticket size.
• Market share remained increasing at 27% and is increasing gradually.
• Solvency Ration remained at 202%.

• Bank Assurance Channel has grown 22%. Agency Channel continuous to gain growth. HDFC Bank remained growth drive.
• Company is continuously partnering with new channel partners.
• Risk Management has been constantly watched and remained on track.

• Product Mix across key channels shown is growth gradually.

New Scheme Launches: Company has yesterday launched new health plan with add on features.


Tax:
• Tax is now no longer a reason for the people to buy insurance, as customer perspective towards Insurance is improving.

Saving
• Savings have been coming back to the growth target.
• People during the covid and post covid is continuing the saving plan.
BUSINESS
Advertisement
The Tycoon Mindset
The Tycoon Mindset
@tycoonmindset05
Framework on Buyback covered till now.

This Mega Thread covers our entire thesis on this buyback special situation play, across different sectors & our experience with it.

{Thread of Threads}
🧵👇

Basic of Buyback


Just Dial buyback experience & Notable Learning


Past Case Studies with different learning:

1. TCS Buyback


2. Gandhi Special tubes
BUYBACK
The Tycoon Mindset
The Tycoon Mindset
@tycoonmindset05
Zurich axioms - A book on Risk taking, by Max Gunther

@safiranand @jposhaughnessy @Vivek_Investor @BalakrishnanR @Covel @shyamsek @_anshulkhare

#investing
#Bookthread 👇🧵


Switzerland, a country with no strategic or geographical advantage, became the world’s banker by learning how to manage risk and facing it head on.

Zurich axioms are simple rules in order to learn about betting to win.

The First Major Axiom:
ON RISK

- Life is an adventure. In order to experience life to its full potential one has to take meaningful risk.. All Investments are speculation. Some people accept it. some don’t.
Always play for meaningful stakes.


- An investment with a small stake would not incur significant loss but will not generate any significant gain too. It should also not be so huge that loss would bankrupt a person.

- Resist the allure of diversification. The more one diversifies, the smaller the speculation gets. Through diversification all the losses and gains are likely to cancel out and no sizable difference is made.
BOOK
The Tycoon Mindset
The Tycoon Mindset
@tycoonmindset05
Dixon Technologies con call was today at 4:00 PM.

"Company will be focusing on expenditure in R&D and disciplined capital allocation for future growth"

Here are the key takeaways of the call. 😀

@sonalbhutra @drprashantmish6 @varinder_bansal @Milind4profits @gvkreddi

🧵👇

Opening remarks

- Company had a good all around performance with highest sales.

- Growth of 120% in revenue

- EBITDA had a robust growth of 89%.

- Growth has been broad based.

- order book continues to be very strong.

- Growth is reflected across businesses.


- Overall demand outlook remains positive

- Due to global trade mismatch in commodity prices resulted in higher input cost and disturbed supply chain

- It could disturb the ODM revenue a bit


- Company is well positioned with robust balance sheet with good cash position.

- Company is focusing towards investing in people and R&D

- Company is extremely focused towards disciplined capital allocation

LED

- govt regulation has helped in growth.

- Company did well in this segment because of backward integration, operating leverage & sales of larger size tv.

- 4.4 million capacity that is 30% of India's total requirement

- Company is expanding its capacity to 5.5 millions
SOCIETY

More from For later read

Vigilant AFA
Vigilant AFA
@AfaVigilant
One fascist to watch in 2021 is Joseph Charles "Oakman" Golinske of SE MI. He's been a Proud Boy for a couple years, but took a break recently from the group and promotes himself through the "Oak Nation" channel on Telegram.


Most people may be familiar with him as the tall guy in the Proud Boys bridge shot, from their August 17, 2019 attack on Portland, which featured an American Guard bus trying (and failing) to bludgeon antifascists with hammers.


He was also with his g/f at the time (Dominique Tota, left of Tarrio), and that's definitely a twitter account folks will want to block/report because he posts on it.


He's been plenty active at the pro-Covid/anti-mask/ReOpen protests in Lansing MI, seen here with Jerry Wayne and an effigy of Gretchen Whitmer, who his militia friends tried to kidnap and publicly execute.


Outside of the Proud Boys, his solo "career" with Oak Nation features the same misogyny, classism and gateway to far-right domestic terrorism the Proud Boys themselves feature. Here's him peddling oxychlorinque and bragging about harassing service workers.
FOR LATER READ
John Cutler
John Cutler
@johncutlefish
"The engineers on my team just want to code. They don't want to have anything to do with product. They just want specs. What do I do?"

1/n Are you asking them do to X *and* do their "day job" as defined by their managers (and frankly your roadmap) ?

If so, start there...

2/n Do they have a reason to believe that doing X will in any way improve the quality of the product and make their lives easier? Have they ever seen X "work" ?

Show don't tell.

3/n Is there average day/week a quagmire of unnecessary meetings, wading through tech debt, struggling to get *anything* to work ... and jumping through process hoops to prove their worth?

If so...no they will not have bandwidth.

4/n How do incentives work on the engineering team? Maybe they want to help, but their "grade" is determined by something altogether different.

"I'd love to, but I am on the hook to deliver [some project] this quarter to make a good impression..."

Talk to eng management.

5/n Have they had any time to practice?

Or did they get thrown into the deep end the first time they were given a shot ... expected to brainstorm on demand, be as vocal as practiced PdMs and designers, and "participate" !

Make it safe to practice. Reasonable expectations.
FOR LATER READ , TECH
Advertisement
sexnotgender.info
sexnotgender.info
@Sexnotgender_
Hi @EdinburghUni @EHRC @EHRCChair @KishwerFalkner @RJHilsenrath @trussliz @GEOgovuk

The DIVERSITY INFORMATION section in yr job application mentions 'legal equality duties'. You then ask "What is your gender identity?" with options

Female
Male
Non-binary
Not-listed
Other

1/13


'Gender identity' is not a protected characteristic under the Equality Act 2010 and is not defined in the Act.

https://t.co/qisFhCiV1u

2/13


Sex is the protected characteristic and the only two possible options for sex are 'Female' and 'Male' as defined in the Act and consistent with biology - 'non-binary' and 'other' are not valid options.

https://t.co/CEJ0gkr6nF

'Gender identity' is not a synonym for sex.

3/13


You then ask "Does your gender identity match your sex registered at birth?"

4/13


Again, 'gender identity' is not a protected characteristic under the Equality Act 2010 and is not defined in the Act.

https://t.co/qisFhCiV1u

5/13
SOCIETY , FOR LATER READ
Mueller, She Wrote
Mueller, She Wrote
@MuellerSheWrote
THREAD: My thoughts on the decision not to call witnesses. Please correct me if I'm wrong. This take is based on what I think I know, and there's much I don't know, but I do not understand why the dems didn't depose Rep. Beutler. Let's talk about the objections: 1/

First, many are saying it would drag this thing out and prevent Biden's agenda from moving forward. I don't see how that's possible. The senate had the votes to depose Rep. Beutler. We saw that with the 55-45 vote to allow witnesses. GOP can't filibuster that 2/

It would have taken probably a week to depose her and introduce her testimony into the senate record. The senate is scheduled to be in recess this week. The only thing a deposition of Beutler would have done is stopped the senate's vacation. 3/

Since everything would have been done in roughly a week, and the senate was scheduled for a week-long vacation, the deposition of Beutler wouldn't have delayed any of Biden's agenda. 4/

Next, many are saying Mitch threatened to filibuster Biden's agenda. That's also an empty threat. Cabinet confirmations require only a simple majority vote, and the Covid relief package is going through the budget reconciliation process so it's not subject to filibuster 5/
FOR LATER READ
Lyman Stone \u77f3\u4f86\u6c11
Lyman Stone 石來民...
@lymanstoneky
the strange reality of strict calvinism is that it makes a mockery of God's claims to hate, abhort, or even be theoretically opposed to evil

the calvinist solution to the problem of evil, which I have *literally heard from the lips of a faithful well-catechized Presbyterian* is, "well, all that happens is God's will, and to do His will is to manifest goodness, and goodness gives God joy, so God must rejoice in evil"

The hypothetical I gave was, "Suppose that there was a city of Christians, and a bomber flew over the city, and the guy at the controls tripped and accidentally armed and dropped a bomb, and wiped out the city: is that God's will? What does God think of that?"

His answer in addition to the above cited the Flood, Soddom, and Nineveh.

Because we all know that God's response to the Flood was, "I REALLY liked that, it was AWESOME, it satisfied my will and purposes to obliterate my creation!"

Once you have drunk the "but muh sovrintee" Kool-Aid you cannot escape the argument that literally everything that happens is not just God's will in some philosophical sense, but His will in the sense of "things that bring him pleasure."
FOR LATER READ

You May Also Like

Simon DeDeo
Simon DeDeo
@SimonDeDeo
One thing that goes unremarked about Wikipedia: the vast majority of the content was written over 12 years ago—which means (given turnover) that the editors dominant today were not directly involved in that creation.

Put another way, the editors who built the dominant nodes in this network...


...have little overlap with the ones who made this much more recent managerial flowchart.


Internet time runs at hundred-fold speed—the difference between the people who painted what's in the Uffizi, and the people in charge of keeping those paintings from deteriorating. Very different tasks, and (one presumes) very personalities as well. @PaulSkallas?
ALL
Matt Fuller
Matt Fuller
@MEPFuller
They’re shooting into the chamber.
POLITICS
Advertisement
Anu Satheesh \U0001f1ee\U0001f1f3
Anu Satheesh 🇮🇳...
@AnuSatheesh5
Samayapuram Mariamman Temple
#Trichy
#Tamilnadutemples 🚩

Samayapuram Mariamman Temple is located in Samayapuram of
 Tiruchirappalli district.  Mariyamman here is worshipped as Samayapurathal a form of Parashakti.
Amman vigraham here is made of sand and clay so


no abhishekam done to the main vigraham. Samayapuram Mariamman Temple is one of the famous Shakthi Sthal of Tamilnadu.

Story says that paramashiva created Kali, out of the poison that he drank during samudra mathanam.  As Devi originated from the Kaalakoota/ halahala poison,


thus the name Kaali. Mariamman is believed to be a form of Kaali, and is also known as Mahamayi. It is also believed that Maharaja Dasharatha offered his prayers here.

Mariamman is Parashakti herself who blesses with prosperity and she is believed to cure all diseases.


Paramashiva, Mahavishnu and Brahma Deva are believed to have taken blessings of Mariamman here.

Om Shakti Para Shakti
🙏🕉🙏
ALL
Meet Shah
Meet Shah
@ms89_meet
List of companies with more than 50% Market Share:

1) Maruti Suzuki (passenger cars)
2) APL Apollo (structural & pre galvanized tubes)
3) CDSL (investors accounts)
4) Interglobe Aviation (air traffic passengers)
5) GMM Pfaudler (glass lined equipment)

6) Asian Paints (decorative paints)
7) Colgate (oral care)
8) Symphony (coolers)
9) PGHH (female care & vaporub)
10) La Opala Rg (opalware)
11) HLE Glasscoat (filtration & drying equipment)
12) Delta Corp (online poker games)
13) Bajaj Auto (3W segment)
14) Vinati Organics (IBB)

15) OCCL (insoluble sulphur)
16) LMW (textile machinery)
17) Bajaj Consumer (almond hair oil)
18) Indiamart Intermesh (online B2B Classified space)
19) Vst Tillers (power tillers)
20) Sanghvi Movers (overall domestic crane hiring market)
21) Emami (antiseptic & male grooming)

List of companies with more than 60% Market Share:

1) Concor (domestic container cargo transport)
2) Exide (lead batteries)
3) Naukri (Indian job market space)
4) Praj (ethanol plant installing)
5) ACE (mobile & tower cranes)
6) Pidilite (adhesives)
7) Jamna Auto (leaf spring)

8) CAMS (RTA within mutual fund industry)
9) Time Technoplast (polymer based industrial packaging)
MONOPOLIES , STOCKS , EQUITIES
Temitope Badejo
Temitope Badejo
@TemitopeBadejo1
It's another day to expose Peter Alabi @pastorpeealabi of @HoFChurchNG & @ChristTribe. More victims have reached out to us. Unknown to many, Peter Alabi is actually an unrepentant serial sexual abuser. We know that he's been lying that he has repented and that the stories...

... we have put out so far are only with reference to what happened years back. But we can also confirm that he continued to prey on more victims even after he left Ife in 2016. We also know that Peter Alabi made serious attempts to sleep with some ladies during the lockdown...

A victim, who was one of those Peter Alabi tried to sleep with during the Covid-19 lockdown has shared with us some of the chats between her and Peter Alabi, which were initiated by Peter Alabi. According to the victim, when Peter Alabi's intentions became obvious, she decided...

... to play along and act like she was in concert with him. This eventually made Peter Alabi to reveal his covert intentions to sleep with her. The chat began on Instagram in March 2020 and continued on WhatsApp till June 2020. We will be sharing screenshots of the Instagram...

... chats below. Later today, we will share the WhatsApp chats which are more revealing and expository. Please see the screenshots of the Instagram chats between Peter Alabi (peterayoalabi) and the victim below👇🏾 @oauchristians @HoFChurchNG @peterayoalabi @funlola_alabi
CRIME , PASTOR , ALL