KSPI/Value Investors Club. I occasionally look at VIC to see what stocks are being written up, and see if any might be appropriate for me for a buy. I'm neither a member, nor a registered user, so I don't see the full write-ups. I find all the shorts/longs writeups and commentary to be mostly distracting, but of course sometimes I find a nugget. I believe if you've followed the typical outline of a VIC write-up your KSPI might pass muster.
As we here have discussed many times, there are many ways we come to say "value" using various methods. I do not use dcf, which many do, and which is common at VIC. The VIC authors remind me of very sharp finance people, professionals or serious amateurs in the investment world. Lots of MBA investment courses in their background.
GOALS:
Your goal: write a paper that gets you accepted by the site overseers
VIC writers: Get recognition from others who write/analyze similarly. Get feedback from them on stocks. Find stocks to buy/short from others who use similar techniques. Boost ego(?)
My goal: Varies. Get recognition. Forget recognition, just document actions for my later review. Get feedback esp. as I've weak convictions and I make lots of errors. Just have some fun writing and commenting.
Back to KSPI. Surprise, surprise. I hold a tracking postion, and last week I tried to buy a few more shares.
My comments relating to KSPI the business and stock will relate to my way of looking at value - which here is generally surface analysis only and only small risk because position size will be very small.
What is the ruling reason for me to buy KSPI? Some reversion to mean. Stock now about $75 with 12-mo. low about $72. Your target of $104 is lower than my WAG of $110, which itself is lower than $125 average of six analysts. Perhaps this may be achievable because KSPI has 15 straight years of earnings gains, and 14 of 15 years of revenue gains. (From my limited view of VIC, only two year history is shown. Perhaps ok - could be said that it's only recent history that is relevant.)
Net profit margin is high, also ROE. P/e is low. Impressive numbers to be emphasized if they are true.
Some misc. comments. I could not identify Kazakhstan on a map; I only know country is a "stan" country about mining - esp. uranium and oil. Would take more nerve than I have to have a significant position in a fintech here. Have no idea what "favorable demographics" means. Rather than "paused dividends", I prefer to say they eliminated my nice dividend -g- ----to make an acquisition. Essentlally trying to expand into more competitive Turkey. Expressions like "... Strong bottom-up growth (TPV/GMV/AMU)" are gibberish to me, but I guess standard stuff for VIC participants.
Anyway, GL I hope you get in. |
