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 …
On Global cues Sensex too opened up by over 3% and 600 points,but has now retreated a bit to 17771 as Greece & Europe get a strong Breather at a huge Price though After several months of High Anxiety and a final night of High Debate,Greece finally got a significant bailout…Lenders agreed to take a 50% …
It is quite amusing really…we are experts on just about everything on this planet !…and blame just about everything for the mischievious way our Sensex behaves …..awhile ago we were all experts on the US Economic and Financial Crisis and what Obama should or should not be doing….then we turned inwards yet again and cursed …
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 …