Posts Tagged ‘Indian Investment’

On the Radar – OPG Power Ventures

Thursday, 01 April, 2010 10:27 Written by Paul 0 Comments

After keeping a sneaky eye on OPG Power Ventures for the past few months, I’ve decided to to take the plunge and add it to the Investor Trader Radar.

OPG was set up in 2008 to develop, own and manage power generation facilities in India based on a prevailing and an expected electricity demand and supply imbalance in the country over the coming years.

To that end OPG have slowly but surely been building a decent head of steam. Modest beginnings saw a 19.4MW power plant come online early in Tamil Nadu, followed by a smaller 10MW plant in Chennai last year. Expansive plans for the future include a 77MW plant in Chennai and two 150MW plants in Gujarat by 2012 resulting in a massive increase in potential capacity.

The shares are off their 95 pence high from late last year and represent excellent mid-to-long-term value trading around the 65 pence mark.

If we can shuffle around some funds it could be time to take the OPG plunge and power up our portfolio, Indian style.

Sale – Lyxor ETF India

Monday, 03 August, 2009 18:38 Written by Paul 0 Comments

Today we sold our holding of 100 shares of Lyxor ETF India (the fund that tracks the S&P CNX NIFTY Index – the nifty fifty – the leading index for large companies on the National Stock Exchange of India) for £5.88 a share for a total return £588.

Our original purchase of 100 shares was made on the 17th June 2009 for £5.6999 a share for a total outlay of £569.99. Our return before costs, a whopping 18 quid.

There’s been no change in our position on India – we’re still very bullish in the short term through the long but with some existing exposure in our portfolio to India through EROS International (our Indian film producer and distributor) we thought there were better opportunities to be had.

In a perfect world (one were we had unlimited cash for investing) we would have kept hold of our Lyxors but they’ll remain firmly on the Investor Trader Radar with a view to re-investing a little down the track.

Purchase – Lyxor EFT India

Thursday, 18 June, 2009 22:35 Written by Paul 0 Comments

After adding Lyxor EFT India to the radar early this week, yesterday we took the plunge and added 100 shares at £5.6999 for a total outlay of £569.99

India’s economy has been more resilient than most following the recent global downturn and by investing in an Indian EFT, I’m basically staking a claim in the big caps of Indian Business. It’s a great way to spread the risk, provided you’ve chosen the market carefully. Here’s hoping!

On the Radar – Lyxor ETF India

Wednesday, 17 June, 2009 11:35 Written by Paul 0 Comments

I’ve long been bullish on the Indian economy and have watched it’s emergence as a burgeoning economic power with genuine interest over the past decade.

Now, it’s time to put my money where my mouth is and what better way, than with an Exchange Traded Fund (ETF). Exchange Traded Funds are index-linked funds that are tradeable just like normal equities. Their aim, simple, to closely replicate an Index or selection of equities.

So I guess you can see where I’m going with this. The Lyxor ETF India does exactly what it says on the tin. The Index it is replicating? The S&P CNX NIFTY Index (the nifty fifty) is the leading index for large companies on the National Stock Exchange of India.

The beauty of investing in a country-based ETF? Well you get all the healthy goodness of good slice of a market that to most investors, is out of reach (or presents impracticalities). It’s handled by a Fund Manager (for a percantage of the fund) who usually has a pretty good handle on the market they specialise in and the entry and exit costs are minimal (your usual broker fees apply).

So now it’s a case of sitting back and letting the world’s second most populous nation get on with its economic thing.

Purchase – Eros International

Sunday, 07 June, 2009 23:44 Written by Paul 0 Comments

Last week we added Eros International – a producer and distributor of Bollywood films – to the Investor Trader radar. After a little homework we liked what we saw and came to the conclusion that a billion plus Indians can’t be wrong.

So we ended taking the dip and buying a handful of Eros International (533 shares at £1.05 for an outlay of £559.65).

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The Day in Numbers

share
price (£)
change (p)
units
profit (£)
BMR.L
0.0318
0.00
150,000
0.00
NGL.L
0.0353
+0.00
41,768
+0.00
OPG.L
0.3050
0.00
1,864
0.00
PPA.L
0.0225
0.00
4,461
0.00
PVCS.L
0.0427
0.00
40,000
0.00
RRL.L
0.0725
0.00
40,000
0.00
today's profit
£0.00

Portfolio Value: £11,512
709 Days to Earn: £988,488
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