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“In India, companies may fall sick, but promoters rarely do!”

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October 30, 2008

Two Indian Sporting Champions from both ends of India, Gautam Gambhir and Viswanathan Anand do all of India Proud… where’s the question of a North and South Divide !?

            

Gautam Gambhir from New Delhi, North India scored a classy 206 against the Australians today

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Vishwanathan Anand from Chennai, South India, defeated Kramnik to lift the World Chess Championship yesterday

Both Secular Indians first… Where’s the Question of any North and South Divide here ! ? 

All of India is celebrating their achievements

Come on India… retain your Secular Spirit and don’t let Politicians and Religious Leaders of any Hue and geographical location or even the Media provoke, direct, inflame and influence you to behave and think like a Bigot ! 

Don’t Stain with Red our Nation’s Fundamental Mantra ‘Unity in Diversity’…the Colour of Blood is Red in every Human on this Planet Earth. 

Listed Companies….The Good, the Bad, the Ugly… all in the same Boat now !.. now that’s an Opportunity

In these capitulated markets All listed Companies….. the Good, the Bad and the Ugly are being painted with the same paint brush now… now that’s a great Opportunity to hoard up on some great scrips at distress prices

Just be careful… Bad and Ugly Companies have an excuse now to be quoted so low… don’t buy them just because they are cheap… they never deserved to be listed or quoted high in the first place

Given this worrying Business environment, Good Companies will have some tough and challenging quarters into 2009…. that should not deter you from hunting the carton for some crazy bargains… just be careful of the Bad and the Ugly… these will discolour and go out of shape and shrink and tear fast…. and zips and elastics will not work and buttons will fall off and…..

Look at at this way… given a choice, would you buy Silverline at Rs 9 or IFCI at Rs 15…. or Hotel Leela at Rs 20 or HOV at Rs 30 ? … Oh ! and Unitech which had dropped to Rs 30 has already bounced back to Rs 50 inside two trading days 

I reiterate… Keep the Faith !.. You’ll need both, Conviction and Cash

 

Leading Broking House first flatters and then shatters key employees!

If you are a leading broking House,what would you do if the Going is so Good and you are to shortly launch your IPO at a very High price and expect the listing to be at double that price ?

Obviously unethically try to corner shares and limit floating stock and ofcourse play with your ESOP and Employee Quotas

This Broking House did just that….Key Top Employees were flattered when they were seduced from  leading Financial and Banking and Mutual Fund Institutions with the lure of High Pay,High Performance Incentices and Shareholding

Just before the IPO,they were shattered when they were called and summarily dismissed from service for not meeting targets when they had actually even exceeded them !

All because to deprive them of ESOP and Employee Quota shareholding !…They had lost out on 100% to 300% returns !

With the Markets in the Doldrums now,these fired employees are exclaiming “Thank God !” and “Serves You Right !” as share prices of Broking Firms have plummetted 90% from peaks and sunk way below even IPO Issue Price

Oh ! just heard too that this Broking House has been delaying payments to suppliers…even a reasonably small payment of Rs 15000 to a Printer

When this Broking House could have created great Goodwill,they chose to create some Ill Will…so when the Chips are down…Bad and Ill Will will simply Dominate

So Stop having False Pride in being awarded ‘ Best Research House’ and other such accolades…they are meaningless when you would also qualify to be one of the top contenders for being the ‘Worst Employer’…if ever such an award is presented ! 

Lessons to be learnt here…….Be Good to People on your Way Up….you’ll meet them on your way Down

India 444/5 at New Delhi’s Kotla Cricket Ground as Australians Capitulate

Gautam Gambhir just got bowled by Shane Watson for a superb 206 and Ganguly too did not bother the scorers too much … It’s the post lunch session and the only two Indian Wickets to have fallen today just did on the second day of the third Test Match in the four match Sunil Gavaskar-Allan Border Series… India leads the Series 1-0

Some great commentary from Mark Nicholas and Sunil Gavaskar…. Nicholas starkly states that the Australians are in a state of both mental disintegration and physical integration as a tired Brett Lee bowls a tired ball and let’s Laxman crack a four to third man… Gavaskar observes that it’s just a game of Cricket being played.. not Test Cricket… Indians are not being tested says he

Pointing has tried Eight Bowlers !, including himself… he should now go for the record and get all 11 to bowl… Hussey, Hayden and the Wicket Keeper need to turn the arm to create this record !

Yesterday Shane Watson  and Katisch went head to head with Gautam Ghambir and Watson and Gambhir are to face disciplinary hearings from the Match Referee, Chris Broad following charges laid by the Umpires, Billy Bowden and Alim Darr… Gavaskar continues to strongly affirm that it’s the players from the sub continent who continue to get the stick while the provokers from other countries get away… insinuating that in this case too only Gambhir will be penalised for deliberately elbowing Watson while on a run

Let’s wait and watch

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