A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
For Reliance Industries’s Q 3 Profits for the Q ended December 31,2008,few estimates were over Rs 3500 crs…some were even below Rs 2700 crs and the consensus revolved around Rs 3000 crs Despite an expected drop in Margins,Revenues and Profits to reflect challenging times,Reliance,true to form,showed a respectable profit of Rs 3501 crs in Q …
Educomp appears to be a victim of Bear Market Manipulation…After Satyam,the Markets have been expecting some more companies to be exposed….So when the Daily Pioneer came out with an adverse story on Educomp and it’ Promoters,the Share price simply collapsed to a low of Rs 1375 yesterday from above Rs 2100 on January 19,2009…Check out this story …
Educomp’s Share Price Slumps as Bears orchestrate a Mauling Read More »
On January 9,2009 I had blogged that Larsen has jumped the Gun in Investing in Satyam and has lost over 85% and over Rs 300 crs in just two days after Ramalinga Raju’s confession on January 7,2009 Check it out again.Click on https://www.gauravblog.com/?p=431 I had even suggested a possibility that Larsen had picked up the …
Larsen Desperate to Save Satyam !..to save itself ! Read More »
The Minutes of the Crucial December 16,2008 Meeting of the Board of Directors of Satyam to discuss and approve the Maytas acqusition proposal are now in public domain Phew ! I read the Twelve pages of the Minutes and can only say this ! NONE IN THE BOARD WAS ABOVE BOARD ! The way the Meeting Progressed …
Was shocked to hear this morning on CNBC 18,Executive Chairman of Jaiprakash Associates,Manoj Gaur,confessing he was not aware of the Debt to Equity quotient in his Company ! On earlier being asked as to how much cash was there on the Books,he quickly stated “Rs 1500 crs” Mr Gaur,who’s running your Company if you’re not !? Mr …
Disgraced and jailed Promoter Chairman,Ramalinga Raju, of Satyam,confessed on January 7, 2009 that there is a huge cash hole of Rs 5040 crs in the Balance Sheet of Satyam as on September 30, 2008 and that for years he has been resorting to Inflating Revenues So what could be the Nature, Form, Impact and Effect …
Possible Nature of Phantom and Fictitious Accounting Entries in SATYAM Read More »