A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
IPO Disasters…Orient Green @ Rs 14 & Tirupati Inks @ Rs 8 ! …A 10 Month countdown to Blast Off!…10,9,8,7,6,5,4,3….down 70% + IPO Scrip BSE Code Listing Issue Size Rs Crs IPO Price Rs Current Price Rs Market Cap Rs Crs Volumes % Erosion from Issue Price Orient Green 533263 8/10/2010 900 47 14 658 […]
Cadburys Delisted in Jan 2003 offering a pittance of Rs 500 to minority shareholders…Nine years later it yet stubbornly fights in court those 8149 shareholders who did not sell back…These minority shareholders hold 2.4% of the equity…..On September 30,2009,Cadburys had offered Rs 1340 when E & Y had valued the share at Rs 1740…….The Last
Amusingly Thinking Aloud……. 6000 to 7000 Potholes on Mumbai Roads…..6000 to 7000 Listed Scrips on Mumbai Stock Exchange !…got to be a common ground ! I often lovingly, though wickedly, call our beloved Sensex , the Sinsex ! http://www.mumbaimirror.com/article/15/2011072120110721024819565d9813a52/All-smooth-roads-lead-to-VIP-homes.html So Drivers Beware !….and Investors Beware !…Enter Mumbai and BSE at your risk ! Cheers !
Eastman Kodak….now quoting @ US $ 3.50…..was US $ 80+ in late 1990s….. Colour Blind Faith Blinds Shareholders for years…It was not a Value Play but a Value Trap ! Bill Miller’s Legg Mason Value Fund lost US $ 551 million in Kodak,selling out in 2010/11 after marrying it in 2000 Instantly recall the famous
The FM,Pranab Mukherjee, was bugged that he was ‘bugged’ !…so what has this got to do with the draft Lokpal Bill that has got all of India bugged ! ….and the ‘was only some chewing gum’ explanation will not stick as will as the chewing gum did ! Now think about this…… The sentence for this ‘bugging’crime is
What would you call this scenario where GTL Group Share prices plunge shockingly,and without circuit breaker protection, in a single BSE trading session on huge sell offs…and that too without any rights or bonus or split or capital reduction adjustment GTL Group Shareholders Wealth Destroyed in minutes….Murder or Suicide….both waiting to happen ! ? GTL dives 62.40%