In Bangalore in September 2016~Anyone for Fundamental Equity Research Training?

Seems to get bigger & better every time !

Did the first one on August 8,2015 and had blogged on it  as linked below

Interesting Interaction at the NSE Equity Fundamental Training Workshop

Sunday, August 16th, 2015

Did this one too on “Interpretation of Financial Statements for Stock Analysis” under NSE’s Rapid Series at their NSE BKC Complex

@ 30 Participants,both genders aged 22 to 58 from leading Broking Firms,Corporates,Banks and even Individuals who had come on dot and stayed till 8 pm ! expecting to learn how to read financial statements and  market dynamics to assess risks and opportunities in Indian Equities

Common Question right from Manish Shah,who introduced himself  to me in the lift going up to the Class ” How are the Markets Looking “? ~ “Where will the Sensex & Nifty head in the short term”?

Had taken a Bull along ! really !…a smaller version of the Wall Street one….told the class I love four animals…Elephants (Lord Ganesha),Lions (My Zodiac Sign),Tortoise(Good Luck & of course Bulls (I’m always one!)….and you’ll always find them on my office desk !…in fact four bulls of various sizes !…and clients know my market view on simply seeing how the bulls are placed !…if facing them straight up  (↑)  as they sit across me,I’m very bullish…if slanted ( ⁄ )towards them,I’m bullish…slant inclination reveals how much !….if a horizontal view (↔ ) then indicates market will remain flat to rangebound and if the bulls face me vertically (↓ ) I’m bearish !….and slant facing me shows intensity of being bearish !

That got a few knowing laughs from the participants and set off the mood for the Workshop with humour being interspersed right through

Interacted on the Sensex Dynamics right from base year 1978 and in the last 20 years from November 1,1995 to October 30,2015 when despite nearly half of the @ 4850 trading days saw the Sensex close negatively the Sensex ran up over 650% !…but is that enough!…..the Opportunities & Threats that were clearly visible during the years right from 1991 when Modern Reforms set in to 2001 when Markets had bottomed  out on the ICE Age Melting to the Sharp drop in Interest rates from 14% to 7% in and around 2004 to post Lehman 2008 levels of 8000 in October 2008 and March 2009….showed them from current Sensex of 26657 how to assess fundamentally where we could be heading and the risks associated….discussed Passive Index Investing vs Active Investing and therefore the need for Fundamental Analysis and therefore the need to Interpret Financials & therefore the need to assess Value vs Price  & therefore this Workshop  !

Covered several Listed Companies & their Financial Statements to assess Value Vs Share Price ~ from Holding Companies to Investment Companies to likely and announced Demerging & Delisting & Restructuring Companies and even those who may sell off….covered my two pet “i” themes of Interest & Infrastructure and sectors & companies within…. spoke at length on the fortunes of Real Estate  Companies right from DCO 1991 to new DCO 2001 to date……and how it is always better to be ready and not get an opportunity than get one and know not what to do !….covered Debt from Zero Debt Status companies of IT  to high Debt -Equity status Companies like Infra especially Power and Finance  and why they should be assessed differently…as should Banks with their NPA challenges

…..spoke on Integrity & Insider Trading !…on Oil under US $ 50 a barrel….on interest,inflation and exchange rates and currency turmoil…..Warren Buffett & Derivatives….on Sentiment,Momentum,Liquidity & Valuation…on Open Offers & Buy Backs….on FPI & FDI Flows & their Market & Economy Impact…on FX Reserves and their Purpose….on Corporate Governance & Business Models…on Valuations on Earnings,Assets & Market Cap…on TCS & Apple…. on Union Budgets & Subsidies &  GDP and Deficits in % & Absolute Terms…on economic reforms….on the recent IPOs of Cafe Coffee Day and IndiGo ….on Satyam & Investor & Auditor Mistakes !….and what SEBI really stands for ! 

…..was told late last night and even this morning by the NSE Coordinators that the feedback was great and that NSE even skipped the planned break and served us during the interaction as they found the participants really engrossed  even as I switched at times from English to Hindi & even Gujarati  so they could sense the mood and pulse and sentiment of our stock markets !

 ….am just wondering if the response & feedback would be as good if  NSE increased the Workshop Fees from Rs 2500 to maybe Rs 5000 or even Rs 10000 !…Just like the Value vs Price Argument we discussed in Class !….the participants were quite unanimous in declaring that this workshop was clearly undervalued and therefore worth investing in !…thanks guys ! the next time you will be paying more !

Thanks Participants ~ Manish,Satya,Tushar,Chowdhury,Ashwin,Joy,Rutuja and all of you for Investing your Saturday with me at NSE !…and the prize of course as the Class decided for the best interaction and for nearly solving the Mental Teaser went to the Engineer from the Department of Atomic Energy !….got a delightful Simpkins Sweet Tin from me ….special thanks to the Chief Engineer from ONGC who attended my BSE Workshop some years back and came back for more !

 Now guys go & earn from the Markets the Rs 2500 fees you’ll shelled out for the Workshop…should be a piece of cake !…what’s Theory without Application or Academics without Action !

They all want longer Workshops &  NSE & me are already planning a two day workshop not just in Mumbai …..will explore with them also if we can hold a longer 3 to 6 months Certification Course too….if you go through this one you should be well equipped ~ with both knowledge and personal skills to tackle any job opportunity in the Fields of  Capital Markets & Finance with Confidence and Self Assurance and Belief in yourself

A Saturday truly well spend  !…am glad I did not cancel as I was down with fever just the previous day !…maybe because of the Sensex dropping every day last week !

Nah ! Love the Falls as they offer me Opportunities at lower risk !

Cheers !

Hope to hear from those interested in Fundamental Equity Training in Bangalore in September 2016

Cheers !