And while aftermarket solutions do exist, most of them are cheesy plastic aberrations that should not exist. It isn’t going to win at Camp Perry, promise you that. Combined with a cheap chrome-lined barrel, accuracy is not the rifle’s strong suit. The trigger is….well, 1943 Soviet in design. It does at least feed from stripper clips, but that is still ancient technology compared to a modern detachable magazine. It only has a 10 round capacity and feeds off an internal box magazine. And if we are being fair the SKS has plenty of bad. With an examination like this, we can safely start with the bad. In a world of modern whiz-bang rifles, is the SKS good enough? Chest rig made in, surprise, China. So we set out this week to re-examine the SKS with a critical lens. And I would bet a lot of you old hands would agree with me. I reference it repeatedly in my latest book Prairie Fire: Guidebook for Surviving Civil War 2, as an acceptable solution. But conventional wisdom is not always correct. It is the subject of derisive memes, enough to make it a running joke in the tactical market. The SKS, much like the uber-cheap Hi-Point family of firearms, is often mocked as being for the poor. A lot has changed in the last 30 years in the US market, not to mention the 77 since the SKS was first prototyped. There are absolute metric tons of SKS rifles floating around this country, and around the world. This event is expected to alter the competitive landscape of the microfinance industry with many smaller players such as Equitas, ESAF, Janalakshmi, RGVN, Suryoday, Ujjivan, Utkarsh, Disha bagging small bank licenses.And so many of us did. The brokerage has cut the target price for the stock to Rs 428 from Rs 707. Edelweiss believes that while the near-term earnings are secure, SKS' premium valuations will most likely shrink. The stock presently trades at 3.2x FY17 P/BV. We believe that SKSM's model may need some tweaking and is also susceptible to evolving strategies of its now licensed competitors," it added. "Access to growth capital could be difficult as investors may continue to second-guess the RBI's reluctance in giving the SFB license. Without banking licence, SKS's competitive advantage in the medium term gets severely compromised as its competitors get access to low-cost funds, said the brokerage. Rather than being wedded to our recommendation, we believe it's appropriate to change views when the underlying thesis changes," said Edelweiss Securities. "We are downgrading SKS Microfinance (SKSM) to 'HOLD', an unusual and quick change in stance in just 15 days of initiating coverage on the stock. The large quantum of initial capital requirement of SKS Micro Finance to comply with shareholding norms could have proved a critical reason in the RBI's selection process, said experts. SKS Microfinance has fallen 19 per cent in the past one year to Wednesday, Dewan Housing has dropped 14 per cent, while IIFL Holdings has fallen 4 per cent during the period mentioned. The fundamentals still remain intact, but we believe that the premium valuations these stocks are trading at would narrow further they may underperform the broader market in the short term," DK Aggarwal, CMD at SMC Investments and Advisors, said But they had recovered some lost ground on licencing hopes. NBFC stocks too took a beating in that correction. "The market has seen a decent correction in the past. The 10 applicants were chosen from 72 applicants following detailed scrutiny of financial viability, business plans and other checks by three independent committees. The next big trigger for these NBFC would now be the RBI policy review, which in turn would depend on what Fed announces today," said market expecrt Sudip Bandyopadhyay.īelying expectations, the US Fed has chosen not to raise interest. "There could be some short-term impact on stocks of NBFCs, which failed to get banking licences.
0 kommentar(er)
