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A Lion’s eye on the Bulls and Bears

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

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July 20, 2015

BCCI & IPL~Both a Farce & have to Go if Cricket has to Live!

BCCI & IPL~Both a Farce & have to Go if Cricket has to Live!

Make no Mistake ! I’ve been Cricket Crazy and an Addict of the game since the time I was born! and have overlooked many sporadic instances of Fixing in the past few decades until IPL was conceived!

In 2008/9 I must have been one of a minority in this cricket crazy nation who had predicted how IPL will mess up cricket big time

I was right

Of course Cricket needs to be entertaining to flourish but when it becomes just one big IPL ‘Tamasha’ it ceases to be Cricket

The Money  in the Game has become  Obscene &  this has made Many Obscene ~ Cricketing Countries & their Legends of the Game have bowed to BCCI putting ‘Paisa’ before ‘Pride’  supposedly in the interest of globalising the game….for that matter even those who formed and played in a IPL rival league in India have been gained over!


If Cricket has to win then both BCCI and IPL have to go ! ~ We all know this ! but we also know this will not happen!

The rot runs right from the Top and how can even the Supreme Court expect that they clean up their Act! ~ you’re asking the people who have done it to catch those who have done it or see it’s not done again!

While all are going gaga over Justice Lodha’s Verdict banning two IPL franchise owners(one pretends he isn’t) for life and suspending their two teams for two years,I’m shocked that the Verdict did not throw both teams out for good and instructed to investigate all  involved,especially players,of these franchises.

When the Apex Court sits on judgement on the bigger issues in Cricket,I hope  they will order that BCCI be dissolved by the Government and a new Cricketing Body be formed with Politicians & even those legendary and other cricketers currently on BCCI payrolls as coaches and consultants and commentators who have shamelessly kept quiet on all wrongdoings be kept out completely from the Administration of the Game….and stop worshiping such ex players as God! 

Wishful thinking as Politicians across Parties today rule  BCCI and the State Cricketing Bodies

Looks like every Cricket Game I do see will be ‘Fixed’ Eyes ~ Guilty till proven Innocent ! …you may well ask then why see it!…Yet need to get fully deaddicted from the game but should get there soon if matters continue like they do…..but one thing i can definitely do is to stop viewing and listening to  the vested ‘Sicko’ Panelists who keep appearing ad nauseam on TV Debates defending the indefensible and believing themselves too !     read more

Essar Oil kissing Rs 200 ! ~ Exposes Delisting Duplicity !

 Essar Oil kissing Rs 200 ! ~ Exposes Delisting Duplicity !

For a year now and after Essar Oil announced intention to delist last year,I’ve been maintaining how the Promoters,Ruias are bent on short circuiting Minority Shareholders by delisting at a low price…here are some of my earlier blogposts in the matter

Essar Oil on Fire at Rs 167 after delisting natak last year at Rs 108

Monday, July 6th, 2015

LIC will never go Public & Essar Oil wants to go Private ! ~ What is the Connection !?

Saturday, June 21st, 2014So many Corporate Governance Questions flood instantly through my mind  on how could Essar Oil and it’s Promoters can be so brazen ?

  1. In June 2014  Essar Energy Holdings Ltd conveyed to Essar Oil a Floor Price to delist of just Rs 108.18! ~ thankfully SEBI put the delisting on hold
  2. Essar Oil has recently announced that the Russian Oil Giant Rosneft will be acquiring a 49% stake in Essar Oil subject to due diligence and determination of the transaction price !…and the shares that will go to Rosneft will be from the 65.64% stake in Essar Oil through Global Depositary Shares owned by Essar Oil & Gas Ltd and Essar Energy 
  3. Essar Oil promoters hold 90.54  % of the Equity of Rs 1449.52 crs (FV Rs 10) through straight holding of  24.90 % and 65.64%  through Global Depository Shares held by Bank of New York Mellon…..However both BSE & NSE continue to mislead by showing only 24.90% under Promoters
  4. Just Imagine if Essar Oil would have been allowed to delist last year with a floor price of just Rs 108.18,the promoters would have required just Rs 1530 crs to buy out the 9.46% shares they did not hold! 
  5. Just Imagine what Price they will be selling to Rosneft !?….I’m sure it would be over Rs 108.18 ! which would effectively have implied buying cheap from us minority shareholders only to pawn it much higher to Rosneft !
Need Monies !? Public are Suckers !….Minority Shareholders after all are a Minority !…..Make Monies ! Take it Private !…seems to be the Mantra here ! I refuse to believe that the Ruias & Rosneft were not already in parlays in June 2014 last year when the delisting endeavour with Rs 108.18 Floor price was announced ! .Delisting & Rosneft coming  in stinks of a premeditated plan being executed  Now with Essar Oil kissing Rs 200 and with BSE giving the permission to delist after NSE & SEBI had cleared it too,what will be the new floor price ? Obviously it will not be Rs 108.18! What will take place earlier in the short term ? ~ Delisting or  Rosneft acquiring 49% from Promoters ? It has to be delisting or else Rosneft coming in will trigger an Open Offer by them and take their shareholding past 49%

And the Ruias will be crucified if they delist at a lower price than the price they will sell to Rosneft ! read more

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 !



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