A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
Om Namah Shiva !…. Happy Maha Shivratri to all of you… Bam Bam Bhole !… Jai Bholenath ! My Wife’s ‘Tandav’ … evidence above (her Arrangetram in 1981), and recent too… seriously!… has kept us Happily Married … and this is not an oxymoron !… we shall celebrate our silver next year in 2013 “Jai Jai …
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 …
Todays Economic Times Headlines scream that Auditors warn of ‘Kingfisher Airlines’ being a ‘going concern’ problem in the making! http://economictimes.indiatimes.com/news/newsbyindustry/transportation/airlines/aviation/Vijay-Mallya-promoted-Kingfisher-Airliness-auditor-BK-Ramadhyani-Co-raises-doubts-over-companys-survival/articleshow/9987287 http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/kingfisher-airliness-auditor-raises-doubts-over-companys-survival-stock-falls/articleshow/9989691 In mid 2009,I had blogged twice on KF Airlines…once when their Cheques were bouncing and later when they valued their Brand and took loans against this ! Some Wednesday Wanderings !…May’s Heat …
Auditors warn of ‘Kingfisher Airlines’ being a ‘going concern’ problem in the making! Read More »
Merrill Lynch Capital Markets Espana SA SV picked up 1.6 million shares of Spicejet at Rs 57.02 on February 26,2010 in a Bulk Deal…It has begun March closing at Rs 58.90 today with some heavy volumes of 6.6 million shares on the BSE Earlier on February 5,2010 in Bulk Deals yet again,we saw Istithmar World PJSC …
Yesterday there was a change of CEO guard at Jet Airways…The Austrian,Wolfgang Prock Schauer makes way for Nikos Kardassis after a tenure of six years…Schauer was quite emotional at the press meet yesterday…how he loved India and had steered Jet from loss to profit and from 40 planes to 110 planes and the IPO in …
August 18,2009…Private Airlines,members of FIA,have just announced that will not operate nationwide services on this Day…only for the Day…but could even be indefinitely if there is no positive response from the government This announcement comes on a day when the Sensex has reached the highest level in fourteen months …15670 The Aviation Sector is facing …
Sensex soars while the Aviation Sector continues Diving…Could open out opportunities Read More »