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Praveen Chawla Message

Praveen Chawla's Space » All messages
Praveen Chawlamessage

  • jisare 2014-09-11 00:55
    Any view on pete miller moving to DNOW?
  • darranoc 2012-05-03 15:59
    pravchaw: Hi Darran - I find the site quite useful for looking at what the top investors are buying and/or selling.  Its good for getting ideas.

    I am from Cana
    Thanks, Barclays is one that could go either way, there is an impact continuing to affect the uk retail bank profits linked to the mis selling of payment protection insurance.

    The new chief exec of the retail bank seems like a good leader, Ashok Vaswani, he has a target of doubling profit before tax in his division by 2016, personally I think he will struggle to deliver it as the UK is in a bad position, I think there will be downward pressure on the house prices which are still way over valued.  

    I think Barclays shares will be range bound, between £2 and £3 for quite a while.

    Key opportunities to improve profit are

    Increase retail banking market share - quite likely as the branch investments are showing this is happening
    More innovation - e.g Barclays ping it app
    Reduce staff costs - there is scope to do that, watch out for future announcements as Barclays cost / income ratios are towards the lower end of European retail banks
    Reduce size of discretionary compensation pot (bonus), increase dividend

    Working in Barclays, I can't say too much but I think there are many ways profits cold increase, if he business was firing on all cylinders I would say to sell, however there are so many ways to cut staff costs without affecting income that it could pay off for the patient investor.

    I don't know what toxic debt there is hidden on the balance sheet though, so it's a bit of a gamble rather than a Warren Buffet type investment

    All the best,

  • darranoc 2012-04-29 12:05
    Hi Pravchaw,

    I have read a number of your posts and you seem a switched on guy.

    I am from the UK and have recently signed up for the premium service on here,  I know Tesco well as I worked for them for about 15 years before moving to Barclays.  The business is very well run but they started to strip too many hours out of stores.  I would bet they will recover strongly though from the recent dip.

    Do you use the excel download option on the site when analysing companies, I am pretty sure I read a spreadsheet a couple of weeks ago that you had downloaded.  I have bought an iPad and was wondering if you knew if its possible to download into excel on an iPad?

    My main holdings are pretty standard so I am looking to make my portfolio work harder by using insights from sites like these

    Main holdings are

    Royal Dutch Shell B
    Rolls Royce
    Barclays - but not because I think they are a great bet, Save as you earn scheme so no risk
    Fidelity China Special Situations (not done very well at all)

    Have you found joining this site has helped you pick better stocks as I have done ok over the years but have had a lot of rubbish, so want to get better at stock picking

    I hope you don't mind me e-mailing you

    All the best

    Darran O'Callaghan
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