|Bid||13.03 x 0|
|Ask||13.35 x 0|
|Day's Range||13.03 - 13.61|
|52 Week Range||12.26 - 18.49|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||14.58|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||16.75|
Fairfax India Holdings (TSX:FIH.U) and Fairfax Africa Holdings (TSX:FAH.U) are two securities that could take-off like a coiled spring over the next decade and beyond. Here's why young investors should have the names in their TFSA.
Fairfax India Holdings Corporation (FIH-U.TO) announces net earnings of $94.2 million in the third quarter of 2018 ($0.61 net earnings per diluted share) compared to a net loss of $53.2 million in the third quarter of 2017 ($0.36 net loss per diluted share), reflecting increased net unrealized gains on investments. The third quarter of 2018 included a net change in unrealized gains on investments of $136.2 million, principally from an increase in the fair values in the company's investments in the private companies Sanmar of $225.0 million and Bangalore International Airport of $72.4 million, and the company's investment in the Sanmar bonds of $68.3 million, partially offset by a decrease in the market price of the company's investment in the public company IIFL that depreciated by $211.9 million.
Prem Watsa’s Fairfax India Holdings Corp. (TSX:FIH.U) has the perfect portfolio to benefit from India’s potential growth story, according to Vishesh Raisinghani.
Fairfax India Holdings Corporation (“Fairfax India”) (TSX:FIH.U) announces that the Toronto Stock Exchange (the “TSX”) accepted a notice filed by Fairfax India of its intention to commence a Normal Course Issuer Bid for its Subordinate Voting Shares through the facilities of the TSX (or other alternative Canadian trading systems). Purchases will be made in accordance with the rules and policies of the TSX and Subordinate Voting Shares purchased will be cancelled.
Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX:FIH.U) announces today that it intends to implement a normal course issuer bid (“NCIB”) for its subordinate voting shares (the “Shares”). The NCIB will be made in accordance with the policies of the Toronto Stock Exchange (the “TSX”) and commencement of purchases under the NCIB is subject to the approval of the TSX. The NCIB would allow the Company to purchase up to 10% of the public float of its Shares over a 12 month period.
Fairfax India Holdings (TSX:FIH.U) looks like a big long-term market-beater. Here's why it's time to back up the truck.
Fairfax India Holdings Corporation (“Fairfax India”) (FIH-U.TO) in 2016 completed an investment in Sanmar Chemicals Group (“Sanmar”), comprised of $300 million (INR 19.9 billion) principal amount of bonds maturing on April 22, 2023 and common shares (representing a 30% equity interest). Fairfax India is pleased to announce that it has entered into an agreement with Sanmar pursuant to which Sanmar will settle the $300 million (INR 19.9 billion) of bonds for consideration equal at the date of cancellation to the bonds’ principal amount plus an effective annual interest rate of 13.0%, which at March 31, 2019 would be approximately $388 million (approximately INR 28.2 billion) (this and all further U.S. dollar amounts in this release are calculated at current exchange rates).
Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) and Fairfax India Holdings (TSX:FIH.U) offer emerging market alternatives in September.
Why Fairfax India Holdings Corp (TSX:FIH.U) is the ultimate buy. Why Buffett and Watsa are both bullish on India's growth opportunity.
The iShares Japan Fundamental Index (TSX:CJP) and two other stocks on the TSX offer exposure to three major Asian economies.
India’s growth is an impressive story, and investors may want to add Fairfax India Holdings Corp. (TSX:FIH.U) to get in on its rise.
Why Fairfax Africa Holdings Corp. (TSX:FAH.U) and Fairfax India Holdings Corp. (TSX:FIH.U) can help your portfolio get the international diversification it needs.
India is attracting huge foreign investment in 2018, which should drive Canadian investors to Fairfax India Holdings Corp. (TSX:FIH.U).