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January 2009

A Break from Satyam ! : Attended a private classical recital by Jayateeth Mevundiji

Leave a Comment / Chuckle !, Reflections, Satyam : The Sordid Asatyam Saga / By

Last night I attended a private classical recital by Jayateeth Mevundiji at a Friend’s……there’s certainly life other than Equity Markets and the Likes of Satyam ! Jayateeth is a leading torchbearer of the Kirana Gharana  and regaled us non stop from 8 pm to 10.40 pm…as he warmed up,so did all of us….His voice control and …

A Break from Satyam ! : Attended a private classical recital by Jayateeth Mevundiji Read More »

Twisting some Nursery Rhymes for Satyam’s Ramalinga Raju

Leave a Comment / Chuckle !, Controversies, Corporate Governance, Information Technology, Insider Trading, INVESTOR MISTAKES, Reflections, Satyam : The Sordid Asatyam Saga, STOCKS, VALUATION / By

Raju Raju sat on the wall Raju Raju had a great fall Balance sheet died Shareholders cried Raju Raju made a fraud   Raju Raju Yes baba Cheating us No baba Telling Lies No baba Open the balance sheet HA HA HA  (Thanks VGP)     

Larsen Jumps the Gun in Buying 4% into Satyam and sees Big Erosion of over 85% and over Rs 300 Crs inside just Two Days !…they must file an FIR against Satyam and it’s Chairman,Ramalinga Raju

3 Comments / Bulk Deals, Controversies, Corporate Governance, Information Technology, Infrastructure, Insider Trading, Interesting News Sightings, Investing Themes, INVESTOR MISTAKES, Reflections, Satyam : The Sordid Asatyam Saga, STOCKS, VALUATION / By

Larsen was probably ill advised to buy a 4% Stake in Satyam at undisclosed price…Definitely over Rs 100 asY.M. Deosthalee told Dow Jones Newswires by telephone that the company acquired the stake over ten days ending Tuesday through its L&T Capital arm. This would mean L & T Capital,through whom Larsen bought the Stake,paid Prices of …

Larsen Jumps the Gun in Buying 4% into Satyam and sees Big Erosion of over 85% and over Rs 300 Crs inside just Two Days !…they must file an FIR against Satyam and it’s Chairman,Ramalinga Raju Read More »

Punj Loyd sees Cash Outlow of Rs 250 crs in it’s UK Subsidiary as Client SABIC encashes Bonds

Leave a Comment / Controversies, Infrastructure, Interesting News Sightings, INVESTOR MISTAKES, Reflections, STOCKS, VALUATION / By

    Punj Loyd is facing a serious Problem in it’s wholly owned subsidiary in United Kingdom It has seen a  Cash Outflow of Sterling Pounds 28.5 Million which translates to @ Rs 250 crs on encashment of Bonds by SABIC…The Subsidiary,Simon Carves Ltd has filed a Case against SABIC In a Growing Global Recession…UK has already admitted …

Punj Loyd sees Cash Outlow of Rs 250 crs in it’s UK Subsidiary as Client SABIC encashes Bonds Read More »

SATYAM : Seems Sunk and looks difficult to Save and Salvage as too many Contingencies scaring off potential Buyers

4 Comments / Controversies, Corporate Governance, Information Technology, Insider Trading, Interesting News Sightings, Investing Themes, INVESTOR MISTAKES, Reflections, Satyam : The Sordid Asatyam Saga, STOCKS, VALUATION / By

On Paper, as of September 30,2008 the Assets of Satyam were Rs 8300 crs…after adjusting for the overstated assets and understated liabilities as confessed by the now disgraced Promoter Chairman,Ramalinga Raju the networth of Satyam drops to @ Rs 1200 crs….With 67 crore shares of Face Value Rs 2 in existence,the book valueper share would get …

SATYAM : Seems Sunk and looks difficult to Save and Salvage as too many Contingencies scaring off potential Buyers Read More »

Satyam Auditors, Price Waterhouse, issues a statement late today..Let’s put it in perspective

6 Comments / Controversies, Corporate Governance, Information Technology, Interesting News Sightings, INVESTOR MISTAKES, Reflections, Satyam : The Sordid Asatyam Saga, STOCKS, VALUATION / By

In this unfolding Satyam Saga unleashed by Chairman,Ramalinga Raju’s confession on fudging accounts for years,this evening we had their auditors,Price Waterhouse releasing a statement defending their audit of Satyam ,stating it complied with generally accepted auditing standards in India and that there was appropriate evidence to support their audit They have also ,under the excuse …

Satyam Auditors, Price Waterhouse, issues a statement late today..Let’s put it in perspective Read More »

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