A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
This posting on Sesa Industries should serve both prime purposes of Investor Education and Protection I intermittently receive newsletters by post from intermediaries in our Capital Market A recent newsletter related to a prominently headlined offer to buy shares of unlisted SESA INDUSTRIES at Rs 750…on inquiry the rate offered was Rs 600 !…a year ago the offer was …
Phew ! just blogged on Sesa Goa last night,actually very early in the morning…..blogging again…Economic Times edition today has reported that the Government has asked the Serious Frauds Investigation Office, (SFIO) which is part of the Ministry of Corporate Affairs,to probe Sesa Goa…The MD,P K Mukherjee says he is unaware of any such order and …
Economic Times reports this morning of a Government Investigation into Sesa Goa Read More »
Ashish has raised a very serious query whether Monies are safe Investing in Sesa Goa for a year,given the controversies surrounding the Vedanta Group….Sesa Goa has reacted from a recent high of Rs 362 to Rs 315 and there is a real fear it may soon move below Rs 300 in the short term….significantly so So …
Sesa Goa at Rs 315……Careful you don’t step on some ‘Mines’! Read More »
Sesa Goa just declared their Q 2 FY 10 results….Consolidated Profit was down 51% from Rs 337 crs in Q2 FY 09 to Rs 166 crs….Revenues have tumbled too by 38% despite Dempo consolidation Iron Ore realisation in Q 2 FY 10 was a shade below US $ 51/MT…same quarter last year it was US $ 108 …
Sesa Goa…Low PAT in Q2 FY10 scares Brokers….why? Read More »
I’ve been backing Sesa Goa …but when it fell dramatically to Rs 60-70 in March this year,I cried hoarse to bring in more funds to add to holdings Then on June 17,2009,I reiterated to Stay with Sesa Goa https://www.gauravblog.com/?p=601 and add on declines …it was Rs 200 then Then on August 12,2009 I reassured bloggers that the …
It can’t be just a coincidence that this is my Blog Post No 420 ! Austral Coke came out with it’s controversial IPO in August 2008 in the price band Rs 164-Rs 196 for a FV Rs 10 share…The price was fixed at Rs 196 and it got listed on BSE on September 4,2008 rising …