Bill Gates,Founder of Microsoft,sold Ten Million Shares ,a little over 1% of his holdings, for US $ 227 Million in a week spanning October 31,2008 to November 6,2008
Microsoft is quoted now at just over US $ 21.Bill Gates still hold nearly 9% of the Equity and over 780 million shares which would be valued at over US $ 16.50 billion.
INSIDER & RULE 144 TRANSACTIONS REPORTED
Sold 10 Million Shares
Aggregating US $ 227 Million
This is part of Bill Gates direct stake which he has sold…selling a slice in these uncertain and volatile times to secure a slice of his Future perhaps !…..Even the Richest Man on this Planet needs to encash to feel personally financially secure !…or does he plan some more charity ?
Incidentally Bill Gates slipped into India and Pune last week without informing his Charity Foundation Team here….he personally went to the red light areas in Pune to assess for himself whether his Charity Aid was actually reaching the people there
Really amusing that in the past whenever Bill Gates touched our shores, he was ardently wooed by Politicians and Industrialists and Media alike…every sentence he uttered became a “Quote”
This Time around we are all preoccupied with what will happen to us and our Sensex…not him….as Stock Markets are in a great sell off panic mode globally and the World’s Financial System is on the verge of Breaking Down as Recession raises it’s Ugly Head in US and Europe…..and our Sensex has chopped off over 50 % of it’s 2008 high and the Share Price of Microsoft is down to US $ 21.30,just over 11 times it’s trailing EPS of US $ 1.89 and a Market Cap of US $ 189 Billion…..In the heady days in 1999 Microsoft was quoted at 70 multiples and Bill Gates had warned that Investing in his Company at such crazy valuations would be a gamble…it was too much of a long Term risk as he did not expect his company to be in the top three after 25 years
Came across some interesting BSE Bulk Deals Done by one FII on November 10,2008
Swiss Finance Corporation Mauritius Ltd,a FII registered with SEBI just a year ago on November 13,2007 has invested nearly Rs 145 crs or US $ 30 million in five Indian Listed Companies as below
Just wondering who were the counter parties who sold to them…should not they too feature in the Bulk Deals List as Bulk Sellers ?…. and are these Research or Insider or Accomodation Buys ?
Yesterday our Sensex surged 5.74 % by 572 points to close at 10536 and Stock Experts and Stock Media attributed this to the US $ 586 Billion package announced by China to boost Infrastucture
Today it’s nearing 2.45 pm and the Sensex has already reversed out 630 points to 9906…..wonder what these Experts will attribute this to !
Don’t get sucked into sucker and pull back rallies !…the future is bleaker than it looks !
Methinks both our Openers,Ishant Sharma in Bowling and the Debutant,Murali Vijay in Batting should thank the Match Referee,Chris Broad for banning Gautam Gambhir for one test match for elbowing Shane Watson deliberately in the field of play
With back to back Centuries,Gautam Gambhir was in prolific form and would have loved the Nagpur Track and was a strong and leading contender for the Man of the Series and the luxurious Toyota Altis Car that went with it.
Gambhir had to sit out the Nagpur Test as the ICC adjudicator also upheld the ban…..Ishant Sharma went on to take some more wickets taking his tally to 15 for the series and was declared the Man of the Series and won the Toyota Altis
Murali Vijay,in great form in domestic cricket,was inducted into the team as an opener in place of Gambhir and showed he has the technique,temperament and stroke play to make it at the highest level
Chris Broad in trying to undo India,gave us M Vijay !
Last I heard was Ishant and Vijay funding Chris Broad’s Goa Trip and Gautam Gambhir planning to sue Broad for a Toyota Altis and Broad appealing to Toyota Kirloskar to save him by giving the Car to Gambhir too !
Just a Cricketing Thought !