Intrinsic Compounding
Intrinsic Compounding

@soicfinance

4 Tweets 5 reads Jan 07, 2023
@prameshp1 Depends- QIP if used effectively for accretive projects is good for all parties involved. Including the new shareholders.
+QIP is also sometimes a hint towards an overvalued stock, which can be a good opportunity for existing investors to exit
@prameshp1 Eg:- Dnl Qip's for Phenol capex was a masterstroke in hindsight given the execution
Pi Ind's Qip for Pharma acquisition hasn't turned out the way it was supposed to be. Given they haven't been able to acquire anything
@prameshp1 Like other things in business, one has to see where Qip money is going to go. One of the overhangs on Saregama stock is the return ratios have b been diluted post QIP, as managements also wait for valuation to make sense for acquiring
@prameshp1 Finally,
Diluting Equity often makes sense in case if one doesnt want to raise debt for a venture even if some uncertainty is involved.
Why risk blowing up the BS by taking debt? and impair your terminal value

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