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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Equity ~Life Changers or Life Maimers ?

Equity ~Life Changers or Life Maimers ?

This Thought was inspired by a Whatsapp Forward received this morning titled Power of Equity .It listed many Life Changing Wealth Creators that grew many fold from just Rs 10000 invested in each  & carried a concluding Message in Capitals ” INVEST WISELY WITH LOTS OF PATIENCE “

This was the List & I’m assuming the Years & CAGR Maths is correct with Dividends not being considered :

  1. Eicher Motors-1992 => Rs 80 lakhs
  2. Asian Paints-1986 => Rs 90 lakhs
  3. HDFC -1990 => Rs One Crore
  4. Brittania – 1985 => Rs 1.06 crs
  5. MRF – 1985 => Rs 1.10 crs
  6. BOSCH -1985 => Rs 1.20 crs
  7. Amara Raja -1991 => Rs 1.25 crs
  8. Shree Cement -1990 => Rs 2.90 crs
  9. Infosys – 1993 => Rs 3 crs
  10. Dr Reddys -1986 => Rs 10 crs
  11. WIPRO -1981 => Rs 400 crs

Cannot Argue with this Message for I’ve seen three of my Scrips,in even relatively quick time inside five years of investment too becoming over 100 Baggers ~Matrix Labs( early Millenium & now delisted as sold to Mylan),Mercator(early Millenium) & WIPRO ( from 1997 to  early 2001)

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Conspiracy of Silence : The Officially sanctioned loot of Rs 60000 crs in the Telecom Sector !

It is chiefly for Virendra Kapoor’s ‘Inside Story’ column that I read Mumbai’s revived afternoon paper ” Afternoon Despatch & Courier” 

His Column in yesterday’s edition (sorry no weblink is available) is titled ‘A conspiracy of silence’

This is a shocking gist of what he highlights of the recent Telecom Policy to sell additional spectrum, by DMK’s A Raja,the Communications Minister in the UPA Government

  • It is atleast a Rs 60000 crs scam,making even the Bofor’s scam a child’s play
  • It is an officially sanctioned loot
  • A Raja has devised a policy in such a manner that it allowed arbitrary allotment of spectrum to hand picked parties,who in turn have already begun to sell it at windfall profits
  • The way A Raja handed over licenses on a so called ‘first come,first served’ basis created grave doubts about the fairness of the whole exercise
  • A Raja even defied the PM when the latter advised him to go for open auctions
  • The PM has virtually closed his ears and eyes to this broad daylight loot as A Raja belongs to the DMK
  • A Raja runs the Ministry independent of the PM and the Cabinet and is answerable only to DMK Boss Karunanidhi
  • Any fair arrangement like an open auction would have netted the Government thousands of crores more than it actually did
  • Successful hand picked winners of the fresh licenses can sell them almost immediately as is happening
  • Unitech,India’s second largest Real Estate Company and with no prior experience in Telecom,offloaded 60% in Unitech Wireless to Telenor of Norway for Rs 6120 crs for all it’s 22 circles,valuing the business at Rs over Rs 10000 crs.It had paid just a few thousand crores for the license
  • Swan Telecom of Mumbai got an even better deal….it paid Rs 1537 crs for the license to operate telecom services in 13 circles…within weeks it sold 45% stake to Dubai based Emirates Telecommunications Corporation valuing the business at Rs 9000 crs !
  • Neither Unitech,nor Swan have begun operations and thus do not have even one subscriber !…they have gone on to make obscene profits at the cost of the Indian exchequer and have been the beneficiaries of A Raja’s largesse

Here are some of my reflections on this

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