2020 & 20-20 ~ Mumbai Equity Workshop Sat Aug 5 2017

Historic Saturday,July 1,2017~Indian Govt launches the much awaited huge Indirect Tax Reform ~ GST ~ Goods & Services Tax ~ 🙂  Here’s my GST Launch & Announcement too ~ Gaurav’s Saturday Training

2020 & 20-20 ~ The Long & Short of it ~Announcing a Full Day Mumbai Fundamental Equity Workshop on Saturday, August 5, 2017  ~ Register here => http://www.jsalphaa.com/register.php

On the back of a  fantastic Mumbai Workshop on Saturday,June 17,2017 here’s another opportunity to invest the first Saturday in August 2017 with me ! ~ especially for those who could not make it or could not be accommodated as Registrations had closed within a week of opening ~ expecting a few repeat participants too ~ what better endorsement could there be ! ~🙂 While you can call it an Encore ,this time in this Stock Selection ~Value Vs Price Workshop have kept another exciting Theme to spot & assess both Long & Short Term Opportunities in Equity :

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SEBI is right in regulating those offering stock recos on Social Media

SEBI is right in regulating those offering stock recos on Social Media & Emails & SMSs.

SEBI’s latest salvo to brokers is a 29 Page New Compliance Directive issued in September 2016 while to Investment Advisers (IA) is a 30 page Consultation Paper of October 7,2016 for  amendments to IA Regulations 2013 & inviting comments by November 4,2016

This  Consultation Paper plans to ,among several amendments & clarifications,disallow Investment Advisers offering stock recos  on Social Media unless authorised by SEBI.This has been instantly bashed on Social Media itself for this with hash tags like #SEBIkidadagiri & #SEBIGoback

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Toll Free Court Order has Noida Toll Bridge Toiling down over 35% to Rs 14

Disclaimer at the Outset ~ This Blogpost is not a Recommendation but only an endeavour to interpret what is in the public domain given the latest developments  & to thus spell out risks that have played up.I intend to showcase this at my Equity Training Sessions 

Toll Free Court Order has Noida Toll Bridge Toiling down over 35% to Rs 14

I have never been a fan of Noida Toll Bridge for many years now for two straight reasons :

1-Corporate Governance ~ In November 1997 a Service Concession Agreement for the Noida Toll Bride and Mayur Vihar Link Road was entered into by the Company,it’s promoter IL & FS & NOIDA,UP Govt.Its been a huge controversy since inception in both granting the Concession to IL & FS company Noida Toll Bridge & the subsequent padding of  recoverable Project Cost which incredulously kept being padded every year even after completion because of the absolutely deliberately lenient Agreement Terms that allowed this for any designated returns ( a high 20% pa) that were not attained in the year.There was no cap on Operational Costs too in the Agreement & this allowed the Company to present poor returns and thus pad up project costs to be recovered.Much of the Operational Costs found their way into higher Salaries,Commissions & Perks for the retired IAS Officers who had founded IL & FS and this Company. The Spirit of the PPP was severely dented .Private Benefits at the expense of the Public.Project Costs that should have been @ Rs 200 crs balloned to over Rs 408 crs & then padded up to over Rs 1000 crs !….it was a unprecedented CAGR of designated returns yet to be recovered ! that allowed the company to collect till infinity even beyond the at least 30 year concession granted in the November 1997 agreement.It was only last year on July 9,2015 a modified agreement froze the amount payable as on March 31,2011 & terminates the Agreement on March 31,2031.The Company also has development rights under the Agreement but it has not yet recognised these in their Financial Statements.These could amount to Hundreds of Crores in itself.

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So what’s a Double Dip !?

So what’s a Double Dip ! ?….so I asked around and this is what I get…..

Young Daughter : It’s an Icecream, Dad !

Older Son : It’s when they serve starters with two types of Dips

My Tea-sing Wife : Darling, it’s what I do to make your ‘kadak’ Tea…Double Dips…Two Tea Bags in one cup of Tea

A Club Friend : It’s when I dive into the swimming pool twice in a single day

Ben Bernanke ,the US Fed Governor : USA is not facing it or causing it !

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General Disclaimer

A word of caution…

Investments and trading in securities carry inherent risks that rest solely with the investor,speculator or trader. I,Gaurav A Parikh, shall, therefore,not be responsible in any way for actions based on the contents on my blog.

Scriptechgroup, its directors,including me,immediate family and other relatives,clients,associates and employees may hold long or short positions in scrips recommended for investment or disinvestment respectively or may even hold contrary positions.

A further word of caution…

Comments and Opinions that may form part of the blog  are mine and I ,Gaurav A Parikh, do  not intent in anyway to offend or defame any person,group,organisation or country.They are without malice,prejudice or bias and should be construed in the healthy spirit of constructive criticism and debate in a democratic and civilised society that we in India live in.

Despite all responses to my blogs going through an approval process before they are published on the blog,I,Gaurav A Parikh,do not hold any responsibility for the contents therein and may or may not concur with the views,advice and comments expressed in these responses.The approval filter is necessary to prevent any abuse or misuse of my Blog that would hinder my prime objective of presenting my knowledge,interpretation,viewpoint on Capital Market Issues and spreading and creating Investor Awareness on them to inspire Investors to think and act on their conviction.

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