A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
I was amused,annoyed and angered when I read two recent Press Articles on IPOs…both featured in the Financial Express The First stated how SEBI is planning to bring back Retail Investors to IPOs by reducing listing day from 15 to three ! Sebi to help bring small investors back to IPOs … So now small investors can die earlier !…..what […]
Indian IPOs in 2010 and 2011 : Great Wealth Destroyers ! Read More »
Kingfisher Airlines…Fears come alive of Borrowing on the Brand….The struggling Airline is virtually grounded with Heavy Debt … some taken even against the Brand…..Pilots are leaving enmasse and flights are being cancelled daily…Share Price has sunk below Rs 20 http://www.hindustantimes.com/News-Feed/SectorsAviation/Kingfisher-seeks-Govt-bailout-40-more-flights-cancelled/Article1-767695.aspx Management and Mallya are putting up a Brave face…will have to quickly come up with atleast
India Proxy,State Bank of India gets Moody and drops over 5% today to Rs 1750 levels as ‘Moody’ downgrades it’s Banking Financial Strength Rating (BFSR) to D+ from C- As of June 30,2011 State Bank of India had a Tier 1 Captal of 7.6%…below the Govt stipulated 8% for PSU Banks…It’s Non Performing Assets (NPAs) climbed
Two Quotes caught my eye in the past two days… Disagree with Both One by Shankar Sharma in his print interview to Economic Times and the Other by Shah Rukh Khan on a TV Show Never Met the Guy but have always been amused by Shankar Sharma’s views on Capital Markets… he loves playing to the gallery … has
And So one ‘G’ rescues another ‘G’ for both to survive as Germany bails out Greece !…we ‘Gs’ ‘Bond’ well,whether we like it or not ! 523 in ‘G’ermany’s Parliament voted overwhelmingly today in favour and just 85 against of increasing the European Financial Stability Fund to Euros 440 billion…largely to fund the immediate bailout of ‘G’reece,who
Anil Ambani tries to lift Shareholder Spirits…and maybe Share Price too ?! at the Reliance Cap AGM Today Bonus and Banking & Insurance Business Stake Sale…that’s what Anil Ambani stated today at the AGM to enthuse all who yet beleive he can surge back to Glory He’s not really treading any new Path here….Two years