Hello Sir,
Hope you are doing well.
Recently I came across Lloyds Metals & Energy.
It’s been a 100 + bagger since Mar’20.
While going through the financial performance of the company, was thinking to myself, how can we identify such turnaround stories at an early stage and make great returns on stocks?
Source: Screener
If you remember, we have been saying, look for Preferential allotment of warrants to Promoters in companies in which there’s been a decent correction in stock price (40-50% or more)
So, in the case of Lloyds Metals, I came across this Preferential warrant announcement to Promoters in Mar’20 at Rs 8.15/- each.
The current market price is around 750.
Source: BSEINDIA
This was after the stock had corrected from highs of 22-23 in Nov’17. Thus, preferential allotment to promoters in Mar’20 could have been a good trigger point for a deep dive into the company or to start with a minor allocation.
Why? – In our view, in general, it indicates that Promoters are finding value at such low prices or are expecting improvement in performance going ahead.
We have started tracking Preferential Allotments very actively since the last few months and have been working on different cases. You can find such curated announcements under Alpha + subscription @ https://katalystwealth.com/
Update: As on 12th Sep’24, 22 medium/long term stock recommendations are under coverage. Out of the same, 7 are both Positive rated and in the buy zone.
You can get the detailed reports on all the above recommendations by signing up HERE
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Disclaimer: This is not a recommendation to buy/sell any of the stocks mentioned above. The securities quoted are for illustration only and are not recommendatory.
Best Regards,
Ekansh Mittal
Research Analyst
Web: https://www.katalystwealth.
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