Law of diminishing marginal utility in India | Go Nigeria
It has become increasingly hard to find value stocks in India. One has to compromise on few important characteristics that are hallmark of a good investment. For me a good investment is one as good as first or second home buying decision. Overpay for 10% grower stock with survivorship traits (super abundance of names like Blue Dart etc.), or compromise on corporate governance, or perpetually live in hope with micro caps.
For the first time in life after 2009, I feel I am awfully short of money and super abundant with ideas to invest. An investment bank just gave us the opportunity to invest in 15 countries in Africa. There are at least 10 super strong heavy-duty companies in Nigeria alone. A couple of monopolies got listed in Africa including one in Kenya in the past one month.
I mean “blink” is the word. You blink once and you have spotted in investment in Africa with one days of effort in each country vs finding needle in a haystack in other countries including New Zealand and India.
Some companies offer compelling long term propositions in Nigeria without steep multiples such as:
7UP BOTTLING NIGERIA
Be gluttonus with these opportunities that are unlikely to cause indigestion. As always it is legal and allowed for anyone to invest in Nigeria if you are part of human race.
More detailed writeup on some of these opportunities sometime later.
Good to have a problem of plenty, not complaining.