Mohan Swamy

Worked for Motilal Oswal, Barclay's Bank,ABN Amro & Royal Bank of Scotland as Head of Research. Now a very long-term investor in transformation companies.

[Mohan Swamy @Mohan__Swamy]

Cos which were so far funded by pvt mts going public
In past they did when buz models HAD EVOLVED/ cash flows stable but this time migration is EARLIER.
Is the funding appetite in private markets has EXHAUSTED ? AS BEING LISTED COMES WITH stringent disclosures, so why now ?

[Arjunaa @Arjun091990]

@ysjagan @ncbn మింగలేక మంగళవారం అన్నాడు అంట నీలాంటి వాడే. నాలుగున్నర సంవత్సరాలు గాలికి వదిలేసి ఎన్నికల ముందు ఆరు వేల పోస్టులు నోటిఫికేషన్ వేసి ఎలక్షన్స్ సాకు ��ూపించి ఎగ్జామ్ పెట్టకుండా నిరుద్యోగుల 5 సంవత్సరాల కాలం వృథా చేసి ఇప్పుడు కబుర్లు చెప్తున్నావ్ చూడు.

[Mohan Swamy @Mohan__Swamy]

@Nithin0dha To add all the above factors, Jane Street is no longer there to create massive volatility, market moves have become more one sided

[Mohan Swamy @Mohan__Swamy]

Hitachi Energy’s fund raising
Since they own 75%, they cannot infuse more equity for invests, NOT doing from 100% owned new co, also
Sebi's RPT laws difficult to new co in same buz
This is not OFS by MNC parent, BUT NEW INVESTMENT IN LISTED CO to increase FUTURE EARNINGS

[Mohan Swamy @Mohan__Swamy]

Indian village praying for Harris win @elonmusk

[Mohan Swamy @Mohan__Swamy]

Besides, potential for earning higher REAL RETURNS adjusted for taxes in REAL estate is more diff without indexation
Budget probably accelerate shift to equity MFs (from bank deposits), as savers should seek ASSETS With highest pretax returns to compensate for higher taxes?

[Mohan Swamy @Mohan__Swamy]

Higher taxes on assets like equity, real estate ( due to removal of indexation), effectively, means investors/ savers have to generate MORE pre-tax returns on their capital. This clearly, will shift more asset allocation to the assets with highest returns ( which is equities)

[Mohan Swamy @Mohan__Swamy]

Linde's largest client TISCO to double Kalinga- 8mmt to 16mmt- current 3mmt has 2000tpd air gases + expn of 5mmt - Linde adding 3600tpd. 5600TpD could again double, to 11000tpd. Total co capacity is 9000tpd now, 1 client in 1 location more than full co cap..scale of opportunity

[Parikshit @KabraParikshit]

@Lindeplc Indian regulators have just highlighted how Linde Plc is shortchanging the Indian minority shareholders. Care to comment?

https://t.co/KfmgHfTZL9

[Mohan Swamy @Mohan__Swamy]

Hitachi Energy recently desgn mfg India’s highest power-rated Scott-connected transformer at its Maneja facility in Guj, for the Indian Railways..enabling trains to accelerate to speeds of up to 160 kmph... https://t.co/pKsELONSaa

[Mohan Swamy @Mohan__Swamy]

Linde's global CEO articulated 2 key factors for cos success 1. Capital discipline 2. Selection of best projects with assured off-take agreement. Core industrial gases buz success can be replicated new energy gases with partners !
https://t.co/SH2ZTQm6fP

[Mohan Swamy @Mohan__Swamy]

Carlyle apparently want to sell down its stake in Hexaware Tech in Indian markets
Does this mean Indian market valuations of IT services stocks are @ premium to private ( M&A) markets !!!

https://t.co/RBYNnFTRDW

[Mohan Swamy @Mohan__Swamy]

@inv_vin8 @tushar9590 Send me your mobile number

[Mohan Swamy @Mohan__Swamy]

@Anurag_nits @tushar9590 Industrial Gases are crucial for mfg of semiconductor
See this report

[Mohan Swamy @Mohan__Swamy]

Indian elections have had a history of being spread over 40 to 50 days, nothing unusual about 2024 !

[Mohan Swamy @Mohan__Swamy]

Linde Plc CEO says " future of our businesses in India is limitless "

[Mohan Swamy @Mohan__Swamy]

Differential between tech unemployment vs overall lowest ever in history in USA. Rising Tech unemployment coincides with growing adoption of AI in many segments, is this beginning of larger trend ?

[Mohan Swamy @Mohan__Swamy]

A search in Open AI needs 10x power, than the same in Google.
Power demand set grow sharply !

[Mohan Swamy @Mohan__Swamy]

ITC's mcap is 60bn$ vs BAT's of 67bn$, BAT has # 40bn$ of debt. Sales by MNCs listed in India ? High Indian mcap in relation to parent ( over 75%) - Whirlpool, Timken, ITC - Leverage @ parent level. So a deleveraging move.
-ESG conflicts HOLCIM exited due to ESG delays in India