Wealth Destroyers as Potential Multibaggers~ Mumbai Equity Workshop Sat June 17 2017

Wealth Destroyers as Potential Multibaggers~ Announcing a Full Day Mumbai Fundamental Equity Workshop on Saturday, June 17 2017 

🙂 This time in this Stock Selection ~Value Vs Price Workshop have kept an exciting Theme :

WEALTH DESTROYERS : POTENTIAL MULTIGAGGERS

As Limited Seats would advice to Book Your Seat right away here => http://www.jsalphaa.com/register.php

Plan to cover over 25 Wealth Destroyers to assess any Turnaround Value vs Price & thus a chance to redeem themselves and become Wealth Creators from here… or should just one move on in many of such Wealth Destroyers that are now beyond redemption

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Jio ! Reliance ! Jio! @ Rs 1000

Reliance Underperformance
Reliance Underperformance

Over 2.6 million shareholders retain faith in Reliance Industries despite the clear underperformance  over the years

Tum ‘Jio’ hazaron saal,hazaron kay aar paar ?  🙂

Sensex disappoints in FY 16 as many of the 30 constituents lose big value

FY 16 has been a mixed year for Stocks with Markets on a downward drift  with  Sensex closing 9.4% lower  at 25341

Sensex disappoints in FY 16 as many of the 30 constituents lose big value 

Interesting & Heartening to it’s Shareholders ,Reliance has been the biggest constituent gainer at @ 27% while at the other end BHEL has lost half it’s value at 51% !  ~ another 11 companies have lost between @ 19% to 30 % values

Domestic Concerns revolved around  second consecutive failure of monsoon in 2015 &  slow pace of Reforms  & Corporate Earnings Lethargy with growth in single digits despite boasts of GDP Growth of over 7% and lower Inflation and Oil Price falling 40%

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Essar Oil Delisting is Over or is It !? ~ Glitch or Golmaal !?

Essar Oil Delisting is Over or is It !? ~ Glitch or Golmaal !? 

Yesterday at 3.30 pm was the cut off time for all shares to be tendered in the Essar Oil reverse book building on BSE & NSE

The First criteria for the delisting endeavour to be considered successfull is that  at least a minimum number of 92,569,408 Shares be tendered  in valid bids from the 142489858 Equity Shares being 28.54% of the public shareholding that could

At  Closing 3.30 pm on Monday,December 21,2015  BSE & NSE showed aggregate cumulative bids for 101143045 shares

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Essar Oil Delisting ~ Love the Guy who has tendered at Rs 5630 !

😆 Love the Guy who’s tendered  on NSE for just 25 shares at Rs 5630 in the ongoing Essar Oil Delisting Endeavour !

Look at the NSE Confirmed Demat Shares Tender Position as at 3.30 pm this afternoon

Who in their right mind would tender at Floor Price of Rs 146.05  or even below Rs 200 when current market Price closed at Rs 225 + levels ! ~ Yet some have !

Most No of Tenders so far have come in at Rs 240

Last date is on Monday,December 21,2015

Wonder what LIC will be doing  with their holding !  

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Essar Oil sets Rs 146.05 as Floor Price for delisting ~ Critical Questions remain

Essar Oil sets Rs 146.05 as Floor Price for delisting ~ Current Market Price is @ Rs 210 ~ What will be the discovered price ?

Some Critical Questions yet in the air

  1. Six Years ago,LIC had picked up Rs 300 crs+ of Essar Oil in January 2010 at Rs 140 a share ~ Will they be participating in the delisting exercise and at what price? ~ assuming 15% CAGR the price is Rs 320+ ~ hope they support the concerns and interests of the smaller Minority shareholders ~ nasty suspicion that they will not and it’s probably a done deal between Essar Group and them !
  2. Essar Oil Promoter Group Companies have committed, as per SEBI Order in November 2015 that cleared the controversial delisting,that they will going forward pay also any difference incremental between Rosneft Deal price (yet being negotiated) and the actual delisting price .However this commitment is only to those who’s shares have been accepted in this delisting exercise ! What then is the fate of those minority shareholders who do not participate in this delisting exercise or who’s shares are not accepted!?
  3. SEBI Order gets Essar Group Price Differential Commitment only for  stake sell to Rosneft being negotiated ! ~ What if Essar Group does  stake sale  to any other instead !? ~ Recent News Reports talks of interest from others

SEBI & Essar Group need to clarify on Points 2 & 3 above

In fact SEBI should have only given the green signal for delisting once the Rosneft Deal Price was declared

Check out my below blogposts right from June 2014 where I have strongly raised these issues and more to highlight how Essar Group cares little for Minority Shareholder Interests.

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