Issue #010 features a leading player in the spends management space. Can Zaggle’s unique business model, growth drivers and global aspirations turn it into a 10-bagger over the next decade?
Really impressed by this analysis on Zaggle and the earlier newsletters on BLS, SAMHI and others. Frankly I didn't find anyone sharing such insights and detailed analysis on the social media like you Shankar sir ji.
On other note, I got allotment of Zaggle shares in its IPO last year and I still hold them. Even I found their business model and segment unique (with my very limited knowledge) and you too confirmed the same.
I am very much impressed with your analysis and simple but clear way of expression. I missed BLS but may be trying out Zaggle since I like new tech applications. Will you be updating developments on your older suggestions in the future or will we be left on our own to add or exit these companies.
Thank you very much, Sanjiv ji. I'm glad you like my work .. it's nice to know many investors are building upon my research and investing their capital. What gets featured in the newsletter are ideas where I have high conviction
With re: your query:
1. I'm working on a monetization format for this newsletter -- a mix of advertising and nominal subscription charge
2. I'm also keen on bringing out a premium subscription which'll include a) important updates to existing stories (via a closed online community), b) monthly discussions (group video calls) and c) a monthly stock list of different strategies like GARP, magic formula, shameless portfolio etc.
It might take me a few months to put this together, sorry about that -- but when it's released, I'm sure it will add a lot more value to my readers.
1. What do you feel is affordable (per month) in the context of the value I provide?
2. And very importantly, I don't want to be the cheapest provider of quality services -- I am ok being the 2nd most affordable provider. So please let me know the cheapest subscription you have come across in this line of work (share link if possible)
I purposefully inserted question 2 to base a context to your answer to question 1. Please try and answer both questions -- actually 3 questions :
1a) Monthly subscription for just the newsletter (atleast 52 issues in an year)
Currently I haven't subscribed to any such content for a price. I'm not as satisfied/ confident as the content that you provide.
These are some of the subscriptions that I have willfully taken and would be comfortable with a similar price range
YouTube - 150/month
Netflix - 150/month
Google Cloud - 150/month
1a) I would get the idea and the concepts from your news letter. I would prefer to go back and do my own home work and go through reports/ screener/ earnings calls/ industry comparison etc..
So I would be willing for a price of 100/month for just the newsletters.
1b) Since this has much more value and would take lesser effort from my side, I would be willing for higher price range
150 to 220/ month
2) These might be some of the creators in the field that I closely follow. They might be a reference
Rahul Jain - 160/ month
Sahil Bhadviya - 160 to 600/month
Labour Law Advisor - 300/month
Akshay Shrivastava - 160/month
Rachna Ranade - 60 to 400/ month
SOIC membership - 1250/ month (I feel it's expensive)
Yadna investment - 1000/ month range (I feel it's expensive)
Thanks for sharing this. I know all these creators (except Mr. Jain), I'll find exact specifics of what they offer & the effort put around it.
Two questions:
1. Let's keep SOIC aside as Ishmohit is better than me & has been pushing me to start this newsletter for sometime now. Anyone else from this list, you feel is most comparable to what I do?
2. As an individual (forget what the others want), what do you expect to achieve from this subscription? Profit of 10k, 1lac, 10lakhs in a year?
The reason I ask this is to gauge if this subscription needs to be restricted to a certain set of readers who can visualize the value. E.g. the avg. smallcase user invests around ₹25,000/mo (₹3 lakhs for the year), so paying ₹5,000 is acceptable for the user as it's like 1.4% (assuming 20% return)
Further, I appreciate you taking the time to compile the list in your message. I'm certain you've noticed -- most of the channels you've listed here are 1M+ subscribers with an average pricing of ₹300/mo and this pricing is for the JOIN button on Youtube. But in the same list, the player with one of the least count of subscribers is SOIC and they charge the highest at ₹15,000/year & yet, they have a large loyal subscriber base because of the value SOIC offers.
My point -- the mechanics of pricing is not based on just cost; there's --
a) value offered (can you turn my newsletter ideas into ₹1 lakh/year or ₹10 lakhs/year?)
b) quality of content (I don't need to say more; effort always shows)
c) unit economics (there are costs involved at the creators end)
d) passion (couldn't find a better word :) but the fact that I'm responding to yours & every comment shows how much I mean this)
.. and many more variables
I'm sure I'll be able to figure this out. The good part is -- being a producer of content & also a consumer of content -- puts me at a better position to think about everyone's interest including mine
Thanks Shantanu ji, this was a good exercise. And things are a lot more clearer to me
1. They do provide some quality content. They seem to go more stock specific. In comparison to your newsletters being stock specific. But I don't believe that they are as versatile/ eye opening as you do. Even with the concepts/ research/ backtracking examples/ valuation exercises. What you teach has been easier to grasp. Also due to the kind of graphics that is displayed on the videos/ newsletters.
2. I think I would fall somewhere in between 10k to 1Lakh.
The example you have provided can fit my case.
Will be able to invest 3 Lakhs per annum (+/- 50k) buffer.
Assuming 20% returns
I would be more comfortable with 1% fees or lesser.
300/ month or lesser.
I think I should work work more on increasing my active income so that I would be more comfortable to give as fees. But that's a different topic.
I agree about the Ishmohit part. He's great.
I try to follow almost all of his videos. But one more point is that they seems to be lengthier and sometimes I don't completely watch them/ watch at 2x/ skip some parts.
That is also an issue with my attention span :)
I get your point on the pricing
a) Since in my case I have lesser capital to invest. Even if I assume I get 52 suggestions in a year, the sum capital invested distributes into a few among the suggestions and I may not be able to know which would provide me the most in returns.
b) no doubts/ questions here
c) this would reduce as the number of subscribers increase.
I have personally suggested your channel to all my family and the friends that I interact with :)
But I agree it is valid that cost is a factor.
d) you're an exceptional content creator that I have come across who responds fully and very promptly to all people.
I have mad respect for the kind of time/ efforts that it takes to do so.
By this exercise I have also been able to get your perspective for deciding the pricing.
But my only concern was point 2a. The kind of profits that I can generate from the kind of distributed investment that I make.
I am also aware that there are people who may be ones with a lot a capital to invest on. (Like the ones who moved BLS international)
They are making out a lot more returns.
I am just thinking it would have been better if the people subscribing would be charged proportionately based on the amounts that they are investing. Like a mutual fund with expense ratio being paid.
But such a structure is not possible I guess.
Thanks for taking out time for reading and replying to my comments.
Fantastic newsletter, Shankar. Have been following your YouTube channel for a while now. All the stocks you've spoken of in the newsletter have already seen a run up (unfortunately for me :-( )
Might need to wait a bit to get a better entry point. Would you agree?
If you do decide to monetise this newsletter, I would definitely be a subscriber. More power to you!
Thank you very much 🙌 .. I'm glad you like my work.
I don't use any technical parameters to decide entry or exit points -- so difficult to predict next moves for the stocks .. sorry! But over time, I've built this practice of not looking so much at the past and focussing just on the future. For example - Himadri Speciality is a stock I bought a couple years back when valuations were favourable. This was at ₹42/share. Then after a few quarters, I found merit in the numbers again (this time seen from a growth lens). The price was no longer in the 40s, it was now ₹420/share. But a 10x it didn't stop me from buying more as the past was no longer relevant at that point. Now that same stock is ₹600/share. The point I want to make is -- kindly measure up your thesis on where the stock might be. If it's likely to double from 10 to 20 .. and if missed the 10 mark & the stock is at 11 -- would you wait for it to drop to 10 or perhaps be contended with a +9 gain per your thesis of 20. That's how you might want to look at it. Hope this helps
Thank you! Yes, I will be monetizing the newsletter starting December. There is now a lot more confidence in my research and I've started investing in a stronger build-out. I now have a researcher, have subscribed to paid tools, am negotiating for a community platform etc. -- would like to continue building this for many years. It's something I'll enjoy
I am student currently pursuing my graduate degree in economics and just gave my CFA L1 examination. I have always been interested in equity markets and your approach of spreading knowledge and analysis is quite easy to understand and helpful in conducting my own analysis. Thankyou sir, also would love to subscribe to the upcoming paid newsletter as soon as possible. Keep up the good work
Thank you very much, Karan ji .. I'm happy you're liking my work & it's helping you build upon your knowledge. Wishing you the best with your studies & forthcoming CFA Level II examinations
Excellent work again sir, the more i read your newsletters the more i get inspired by your thoughtfullness & understanding . thankyou for sharing such knowledgeable stuff with us. keep up the good work .
Great analysis Shankar, I recently joined your newsletter subscription few weeks back and find it informative. You are a man of great knowledge. Apart from that, I also did analysis on screener a month back and added small positions on my portfolio. I jumped upon this stick while watching ishmohit video where he discussed great quaterly results . Kudos to both of you 👏 doing great job in simplifying stock market.
Thank you Sajith ji. This is one tough question but honestly, I don't follow a system currently. I prefer to keep on reading whatever comes in front and after counting Priyam & my efforts somehow a story develops after reading 70-80 pieces of earnings call transcripts, reports etc. Some say it's not an efficient way of doing it (they're right) & that I should templetize it -- but a rigid format is not working for me. What's working best is this random excavation and somehow something decent comes up the surface.
As always Excellent analysis sir! I know you always give Excellent insights and investment strategies usually the fundamental part but as one of my favourite youtuber, I'd love a video or substack article about 'How to analyse perfect valuation of a stock' from your point of view! Please sir!
Thank you! Unfortunately a video or post on this won't be ideal as I don't have a single way of valuing a stock. I sometimes us relative measures, sometimes its based on asset value, or growth projection or visibility or as a multiple of sales, earnings, even the business model gives weight to defining the "value" of a stock. In my world, value is not a precise number but an approximation with visibility and a margin of safety baked in.
Sorry, I really don't have an answer to this. Maybe I can get Priyam to write something as he's new to this & has been exposed to a lot of concepts he didn't know first. I'll ask him to whip up something based on what he's learnt.
Really impressed by this analysis on Zaggle and the earlier newsletters on BLS, SAMHI and others. Frankly I didn't find anyone sharing such insights and detailed analysis on the social media like you Shankar sir ji.
On other note, I got allotment of Zaggle shares in its IPO last year and I still hold them. Even I found their business model and segment unique (with my very limited knowledge) and you too confirmed the same.
Thank you! I'm happy you like my work 🙌 .. appreciate the kind words
I am very much impressed with your analysis and simple but clear way of expression. I missed BLS but may be trying out Zaggle since I like new tech applications. Will you be updating developments on your older suggestions in the future or will we be left on our own to add or exit these companies.
Thank you very much, Sanjiv ji. I'm glad you like my work .. it's nice to know many investors are building upon my research and investing their capital. What gets featured in the newsletter are ideas where I have high conviction
With re: your query:
1. I'm working on a monetization format for this newsletter -- a mix of advertising and nominal subscription charge
2. I'm also keen on bringing out a premium subscription which'll include a) important updates to existing stories (via a closed online community), b) monthly discussions (group video calls) and c) a monthly stock list of different strategies like GARP, magic formula, shameless portfolio etc.
It might take me a few months to put this together, sorry about that -- but when it's released, I'm sure it will add a lot more value to my readers.
I would happily subscribe for the kind of quality that you provide.
A request is to keep the subscription prices affordable.
Thank you very much! 🙌
Just to pick your brains --
1. What do you feel is affordable (per month) in the context of the value I provide?
2. And very importantly, I don't want to be the cheapest provider of quality services -- I am ok being the 2nd most affordable provider. So please let me know the cheapest subscription you have come across in this line of work (share link if possible)
I purposefully inserted question 2 to base a context to your answer to question 1. Please try and answer both questions -- actually 3 questions :
1a) Monthly subscription for just the newsletter (atleast 52 issues in an year)
1b) Monthly subscription for i) newsletter + ii) updates + iii) videocall + iv) strategy stock update
2. Worthy competitor with pricing for benchmarking
Thanks!
Sir. I'll answer from my perspective
Currently I haven't subscribed to any such content for a price. I'm not as satisfied/ confident as the content that you provide.
These are some of the subscriptions that I have willfully taken and would be comfortable with a similar price range
YouTube - 150/month
Netflix - 150/month
Google Cloud - 150/month
1a) I would get the idea and the concepts from your news letter. I would prefer to go back and do my own home work and go through reports/ screener/ earnings calls/ industry comparison etc..
So I would be willing for a price of 100/month for just the newsletters.
1b) Since this has much more value and would take lesser effort from my side, I would be willing for higher price range
150 to 220/ month
2) These might be some of the creators in the field that I closely follow. They might be a reference
Rahul Jain - 160/ month
Sahil Bhadviya - 160 to 600/month
Labour Law Advisor - 300/month
Akshay Shrivastava - 160/month
Rachna Ranade - 60 to 400/ month
SOIC membership - 1250/ month (I feel it's expensive)
Yadna investment - 1000/ month range (I feel it's expensive)
Shashank Udupa - 200/ month
1percentclub Sharan Hedge - 500/ session
Sovrenn - 300/ month
Thanks for sharing this. I know all these creators (except Mr. Jain), I'll find exact specifics of what they offer & the effort put around it.
Two questions:
1. Let's keep SOIC aside as Ishmohit is better than me & has been pushing me to start this newsletter for sometime now. Anyone else from this list, you feel is most comparable to what I do?
2. As an individual (forget what the others want), what do you expect to achieve from this subscription? Profit of 10k, 1lac, 10lakhs in a year?
The reason I ask this is to gauge if this subscription needs to be restricted to a certain set of readers who can visualize the value. E.g. the avg. smallcase user invests around ₹25,000/mo (₹3 lakhs for the year), so paying ₹5,000 is acceptable for the user as it's like 1.4% (assuming 20% return)
Further, I appreciate you taking the time to compile the list in your message. I'm certain you've noticed -- most of the channels you've listed here are 1M+ subscribers with an average pricing of ₹300/mo and this pricing is for the JOIN button on Youtube. But in the same list, the player with one of the least count of subscribers is SOIC and they charge the highest at ₹15,000/year & yet, they have a large loyal subscriber base because of the value SOIC offers.
My point -- the mechanics of pricing is not based on just cost; there's --
a) value offered (can you turn my newsletter ideas into ₹1 lakh/year or ₹10 lakhs/year?)
b) quality of content (I don't need to say more; effort always shows)
c) unit economics (there are costs involved at the creators end)
d) passion (couldn't find a better word :) but the fact that I'm responding to yours & every comment shows how much I mean this)
.. and many more variables
I'm sure I'll be able to figure this out. The good part is -- being a producer of content & also a consumer of content -- puts me at a better position to think about everyone's interest including mine
Thanks Shantanu ji, this was a good exercise. And things are a lot more clearer to me
1. They do provide some quality content. They seem to go more stock specific. In comparison to your newsletters being stock specific. But I don't believe that they are as versatile/ eye opening as you do. Even with the concepts/ research/ backtracking examples/ valuation exercises. What you teach has been easier to grasp. Also due to the kind of graphics that is displayed on the videos/ newsletters.
2. I think I would fall somewhere in between 10k to 1Lakh.
The example you have provided can fit my case.
Will be able to invest 3 Lakhs per annum (+/- 50k) buffer.
Assuming 20% returns
I would be more comfortable with 1% fees or lesser.
300/ month or lesser.
I think I should work work more on increasing my active income so that I would be more comfortable to give as fees. But that's a different topic.
I agree about the Ishmohit part. He's great.
I try to follow almost all of his videos. But one more point is that they seems to be lengthier and sometimes I don't completely watch them/ watch at 2x/ skip some parts.
That is also an issue with my attention span :)
I get your point on the pricing
a) Since in my case I have lesser capital to invest. Even if I assume I get 52 suggestions in a year, the sum capital invested distributes into a few among the suggestions and I may not be able to know which would provide me the most in returns.
b) no doubts/ questions here
c) this would reduce as the number of subscribers increase.
I have personally suggested your channel to all my family and the friends that I interact with :)
But I agree it is valid that cost is a factor.
d) you're an exceptional content creator that I have come across who responds fully and very promptly to all people.
I have mad respect for the kind of time/ efforts that it takes to do so.
By this exercise I have also been able to get your perspective for deciding the pricing.
But my only concern was point 2a. The kind of profits that I can generate from the kind of distributed investment that I make.
I am also aware that there are people who may be ones with a lot a capital to invest on. (Like the ones who moved BLS international)
They are making out a lot more returns.
I am just thinking it would have been better if the people subscribing would be charged proportionately based on the amounts that they are investing. Like a mutual fund with expense ratio being paid.
But such a structure is not possible I guess.
Thanks for taking out time for reading and replying to my comments.
Fantastic newsletter, Shankar. Have been following your YouTube channel for a while now. All the stocks you've spoken of in the newsletter have already seen a run up (unfortunately for me :-( )
Might need to wait a bit to get a better entry point. Would you agree?
If you do decide to monetise this newsletter, I would definitely be a subscriber. More power to you!
Thank you very much 🙌 .. I'm glad you like my work.
I don't use any technical parameters to decide entry or exit points -- so difficult to predict next moves for the stocks .. sorry! But over time, I've built this practice of not looking so much at the past and focussing just on the future. For example - Himadri Speciality is a stock I bought a couple years back when valuations were favourable. This was at ₹42/share. Then after a few quarters, I found merit in the numbers again (this time seen from a growth lens). The price was no longer in the 40s, it was now ₹420/share. But a 10x it didn't stop me from buying more as the past was no longer relevant at that point. Now that same stock is ₹600/share. The point I want to make is -- kindly measure up your thesis on where the stock might be. If it's likely to double from 10 to 20 .. and if missed the 10 mark & the stock is at 11 -- would you wait for it to drop to 10 or perhaps be contended with a +9 gain per your thesis of 20. That's how you might want to look at it. Hope this helps
Thank you! Yes, I will be monetizing the newsletter starting December. There is now a lot more confidence in my research and I've started investing in a stronger build-out. I now have a researcher, have subscribed to paid tools, am negotiating for a community platform etc. -- would like to continue building this for many years. It's something I'll enjoy
What a call and analysis for zaggle and bls . Good work as always
Thank you! Even SAMHI did well .. it's up 12% in 28 days (4 weeks) 🤗
What a run up . Fantastic
Thank you! Hope you picked some yourself
Yes I did . Thanks
I am student currently pursuing my graduate degree in economics and just gave my CFA L1 examination. I have always been interested in equity markets and your approach of spreading knowledge and analysis is quite easy to understand and helpful in conducting my own analysis. Thankyou sir, also would love to subscribe to the upcoming paid newsletter as soon as possible. Keep up the good work
Thank you very much, Karan ji .. I'm happy you're liking my work & it's helping you build upon your knowledge. Wishing you the best with your studies & forthcoming CFA Level II examinations
Sir do u have a small case that we can confidently invest in.
I don't have a smallcase presently. I might bring in something next year
Very impressive. Rarely get this kind of analysis in depth anywhere.
Thank you! 🙌
Incredible analysis and view points Shankar. Really appreciate the depth of analysis :)
Thank you.
Thank you! 🙌
Exllent analysis Shankar Ji,you changed my view..keep up the good work..
Thank you very much 🙌
Excellent work again sir, the more i read your newsletters the more i get inspired by your thoughtfullness & understanding . thankyou for sharing such knowledgeable stuff with us. keep up the good work .
Most welcome. I'm glad you like my work!
Great analysis Shankar, I recently joined your newsletter subscription few weeks back and find it informative. You are a man of great knowledge. Apart from that, I also did analysis on screener a month back and added small positions on my portfolio. I jumped upon this stick while watching ishmohit video where he discussed great quaterly results . Kudos to both of you 👏 doing great job in simplifying stock market.
Thank you, I'm glad you like my work 🙌
Grat insights again!
Just curious how you find such interesting stories!
Thank you Sajith ji. This is one tough question but honestly, I don't follow a system currently. I prefer to keep on reading whatever comes in front and after counting Priyam & my efforts somehow a story develops after reading 70-80 pieces of earnings call transcripts, reports etc. Some say it's not an efficient way of doing it (they're right) & that I should templetize it -- but a rigid format is not working for me. What's working best is this random excavation and somehow something decent comes up the surface.
As always Excellent analysis sir! I know you always give Excellent insights and investment strategies usually the fundamental part but as one of my favourite youtuber, I'd love a video or substack article about 'How to analyse perfect valuation of a stock' from your point of view! Please sir!
Thank you! Unfortunately a video or post on this won't be ideal as I don't have a single way of valuing a stock. I sometimes us relative measures, sometimes its based on asset value, or growth projection or visibility or as a multiple of sales, earnings, even the business model gives weight to defining the "value" of a stock. In my world, value is not a precise number but an approximation with visibility and a margin of safety baked in.
Sorry, I really don't have an answer to this. Maybe I can get Priyam to write something as he's new to this & has been exposed to a lot of concepts he didn't know first. I'll ask him to whip up something based on what he's learnt.
Excellent analysis
Thank you!
👍🏻detailed and crisp
Thank you so much 🙌