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

Here’s what some participants said of the December 2016 Mumbai Fundamental Workshop on Stock Selection : Value Vs Price…and this was before IB Ventures zoomed 7 x in months from Rs 20 to Rs 140 & HOV doubled in the same time to cross Rs 300… we had covered both these & more in Earnings & Asset Basis Valuation exercises

“Amazing… Awesome Session about Fundamental Stock Selection & Wealth Creation ”

“Full of Inspiration, filled with wisdom…. am really proud to be a part of this wonderful session”

 & from a repeat participant “recreated the same old magic of Bangalore in Mumbai… great Saturday”  

Would love to interact with you ~ So do invest one Saturday ,June 17, 2017 with me in my Mumbai Fort Office near BSE and above Starbucks & Croma

Register here => http://www.jsalphaa.com/register.php

Here’s the Detailed Template of this Workshop if you want more details on coverage

gap-master-class-mumbai-17june2017

🙂 See you Saturday, June 17, 2017 at my Mumbai Fort Office Conference Room… we’ll figure out if Suzlon will continue to be ZZZZZlon!  & dissect many such Wealth Destroyers!

Cheers !

Nah ! for Nakoda 46 paise ~ warning was issued three years ago

On December 6,2013 following on a blog reader Dinesh Sampat’s request I had posted the warning below with elaborate reasoning:

Nah ! or Wah ! for Nakoda Ltd at Rs 10.50!? ~ This is for you Dinesh Sampat 🙂

Posted on

This Tuesday morning the Times of India edition carried a brief coverage of CBI arresting the Promoters of Nakoda for forging papers and manipulating accounts to avail of Bank Loans of over Rs 2000 crs which were siphoned off

Here’s the coverage & here’s BSE asking for clarification from the company  on the same

The Share Price is 46 paise on BSE …yes it’s still quoted

 

Planning a Training Workshop that has a classic Theme for such low priced Wealth Destroyers & how & when to spot a turnaround & take the risk,if indicated  ….should announce it shortly

Do not get seduced by low below par quotes & a mindset as “what could go wrong…the down side is limited !”….you’ve already been foolish in Global Trust Bank  (vapourised) & Kingfisher Airlines(suspended but as good as vapourised) just to mention a few black sheep

 

Wow! A Full House NSE Training Fundamental Workshop !

Wow! A Full House NSE Training Fundamental Workshop yesterday !

Seems to get bigger & better every time !

Did the first one on August 8,2015 and had blogged on it  as linked below

Interesting Interaction at the NSE Equity Fundamental Training Workshop

Sunday, August 16th, 2015

Did this one too on “Interpretation of Financial Statements for Stock Analysis” under NSE’s Rapid Series at their NSE BKC Complex

@ 30 Participants,both genders aged 22 to 58 from leading Broking Firms,Corporates,Banks and even Individuals who had come on dot and stayed till 8 pm ! expecting to learn how to read financial statements and  market dynamics to assess risks and opportunities in Indian Equities

Common Question right from Manish Shah,who introduced himself  to me in the lift going up to the Class ” How are the Markets Looking “? ~ “Where will the Sensex & Nifty head in the short term”?

Had taken a Bull along ! really !…a smaller version of the Wall Street one….told the class I love four animals…Elephants (Lord Ganesha),Lions (My Zodiac Sign),Tortoise(Good Luck & of course Bulls (I’m always one!)….and you’ll always find them on my office desk !…in fact four bulls of various sizes !…and clients know my market view on simply seeing how the bulls are placed !…if facing them straight up  (↑)  as they sit across me,I’m very bullish…if slanted ( ⁄ )towards them,I’m bullish…slant inclination reveals how much !….if a horizontal view (↔ ) then indicates market will remain flat to rangebound and if the bulls face me vertically (↓ ) I’m bearish !….and slant facing me shows intensity of being bearish !

That got a few knowing laughs from the participants and set off the mood for the Workshop with humour being interspersed right through

Interacted on the Sensex Dynamics right from base year 1978 and in the last 20 years from November 1,1995 to October 30,2015 when despite nearly half of the @ 4850 trading days saw the Sensex close negatively the Sensex ran up over 650% !…but is that enough!…..the Opportunities & Threats that were clearly visible during the years right from 1991 when Modern Reforms set in to 2001 when Markets had bottomed  out on the ICE Age Melting to the Sharp drop in Interest rates from 14% to 7% in and around 2004 to post Lehman 2008 levels of 8000 in October 2008 and March 2009….showed them from current Sensex of 26657 how to assess fundamentally where we could be heading and the risks associated….discussed Passive Index Investing vs Active Investing and therefore the need for Fundamental Analysis and therefore the need to Interpret Financials & therefore the need to assess Value vs Price  & therefore this Workshop  !

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Ginni Filaments @ Rs 34 on two lower circuits now!

Ginni Filaments @ Rs 34 on two lower circuits now! after hitting upper circuits last week

Was told  at Rs 28 that it was being manipulated up to Rs 70 !

EPS of just Rs 1 and a 52 wk High of Rs 39.40 just a few days ago on July 17,2015 coming from a 52 Wk Low of Rs 9 from January 2015 !

The risk of being seduced and  playing into the hands of those involved in the rig up is extremely high in run ups like these in quick time hitting one upper circuit after another !

Had warned  not to play this  and if you did then simply get in on a high end of the trading day and out the next morning as trading begins…even then the risk of getting stuck is high

Such Orchestrated Plays not justified by fundamentals raises questions of  our Stock Markets Survelliance & Regulatory Mechanism

Ginni is not a Genie for High Gains

You’ll learn this the Hard Way by rubbing the Ginni Lamp or should I say Filament !

 

 

Union Budget 2014 ~ Will Sensex continue to Humour as Jaitley does not!

Have a look at our first impression posted  after our FM ‘s Union Budget Address and during market hours

Union Budget 2014 ~ Will Sensex continue to Humour as Jaitley does not!

Think he missed a great opportunity to provide us with the ‘Naya Soch’ of the new NDA Government

His Speech stated quite a few challenges and objectives like tackling Black Monies,raising Tax to GDP ratio,lowering Inflation and Fiscal Deficit % but stopped short of spelling out the specifics of solving these

Having just 45 days after NDA was elected he has opted for the easier option of simply following the UPA budget process and numbers too that the UPA FM Mr Chidambaram laid out in his Interim Budget in February 2014….whether it be Disinvestment or Tax Receipts or Fiscal Deficit Control Targets…made right noises but was tokenism in a few areas like social expenditure…thankfully nothing really adverse or anti poor though direct tax incentives are not really cause for any celebration

Sensex had quite a roller coaster ride today as to be expected….opening stable & pre budget speech at 25514 in the morning then sliding before noon over 300 points to 25117 from yesterday closing of 25445 during the budget speech before strongly racing away by over 700 points to 25920 …over 400 points previous day closing post budget speech only to reverse all the gains and close at 25373,down 72 points  from previous day closing

Will the Sensex continue to Humor us in the near term despite not an iota of Humor in the FM’s Speech !? …sense is that any correction will be a hiccup on the onward march towards 30000 on the back of increased FII Net Infows & Big Corporate Infra spending  

I see some clear big winners in the Infrastructure Space across the Board from Shipping to Power to SEZs to Real Estate to Highway Road Construction Companies and Pipeline Companies

 

 

Nah ! or Wah ! for Nakoda Ltd at Rs 10.50!? ~ This is for you Dinesh Sampat :-)

Nah ! or Wah ! for Nakoda Ltd at Rs 10.50!? ~ This is for you Dinesh Sampat 😀  ~ Replied to your query but thought of posting my View as a seperate Blogpost for wider viewership and reading

Nakoda Ltd is promoted by B G Jain & D B Jain and their Entities and it’s Textiles and POY Plants are in Karaj and Hathuran while the Windmills are in Tamil Nadu and Madhya Pradesh

SAT has upheld SEBI’s contention that Nakoda Promoters jumped up their shareholding from 26% to 44% on 19/11/2011 and violated the 5% creeping acquisition limit allowed and thus they have to make an open offer to shareholders who held Nakoda shares during that time at 10% interest from March 31,2012

This is the SEBI Order http://www.sebi.gov.in/cms/sebi_data/attachdocs/1373288066832.pdf

This is the SEBI Takeover Act 2011 http://www.sebi.gov.in/cms/sebi_data/attachdocs/1316778211380.pdf

The warrant conversions were done at Rs 15 =>that’s at Rs 10 Premium and on the sub divided Rs 5 FV ….Share Price too at the time in 2011 was Rs 8 to Rs 9 and in the six months from July to December 2011 the highest the Share Price has been on BSE was Rs 12.80…the Face Value subdivision was made from Rs 10 to Rs 5 on 4/1/2010….The company also declared and paid dividend of 6% (30 Paise/share) to shareholders and 5 % (25 paise/share) to Promoters for December Year end 2012

The Open Offer has to be made to all Non Promoter Shareholders at should be at Rs 15….however only those who held the Shares and yet do when the Violation took place will be entitled to the 10% Interest pa from March 31,2012 over and above the Offer Price on the shares accepted

Promoters may contest now in Supreme Court or offer to buy out their obligated minimum shares to do so from Non Promoter shareholders

  • At Rs 15 + Interest as stipulated above less dividend adjustment of Rs 0.30 (6%) declared and paid in September this year for those Shareholders who held the shares at the time of Violation between December 2011 and March 2012 and yet do
  • At Rs 15 less dividend adjustment of Rs 0.30 (6%) declared and paid in September this year for other Shareholders

Other Warrants were converted in 2012 and 2013 at Rs 10,including Premium of Rs 5.

The current price is Rs 10.50…Offer Price should be @  Rs 14.70 to New Shareholders and Rs 17 to those Non Promoter Shareholders who held the share between December 2011 and March 2012 ….and less than half their shares will constitute the minimum Obligation to be picked up by the Promoters

As of September 30,2013 the Equity was 30 crs shres of FV Rs 5 each => Rs 150 crs…..Promoters held 53.98% stake or 16.19 cr shares and Non Promoters held 46.02% or 13.81 cr shares

The Offer has to be for at least 26% of the Equity Capital.However this would take the Promoters holding to over the maximum permissible 75%…thus they will absorb only 21.02 % of the Capital=> @ 6.31 cr shares of the 13.81 crs held by the Public.This is @ 47% of the Public Holding

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