http://suchetadalal.com/forum/ Suchetadalal's Discussion Forum: Recent Topics en Thu, 17 May 2012 12:27:55 +0000 http://suchetadalal.com/forum/topic.php?id=126#post-224 Tue, 21 Jun 2011 15:24:58 +0000 k a prasanna 224@http://suchetadalal.com/forum/ <p>It appears all investigating agencies are sleeping over the alleged fraud committed by Speak Asia. </p> http://suchetadalal.com/forum/topic.php?id=125#post-223 Thu, 19 May 2011 06:10:07 +0000 k a prasanna 223@http://suchetadalal.com/forum/ <p>Good news for micro finance borrowers in Andhra Pradesh. A consortium of 5 banks along with State and Central government will soon start a exclusive micro finance bank, which will offer loans at 12-14% p.a. much lower than the rate charged by the NBFC -MFIs. The bank may start functioning from the third quarter of this fiscal. The same model can be replicated in other states, which will benefit millions of micro finance borrowers, who are borrowing at very high rate of interest from micro finance companies like SKS Micro. FIRST CHOICE IPO. </p> http://suchetadalal.com/forum/topic.php?id=124#post-222 Sat, 07 May 2011 02:47:57 +0000 k a prasanna 222@http://suchetadalal.com/forum/ <p>J P Morgan has downgraded the stock and cut the target price of SKS to Rs 200 in its latest report. Among others, it says the business model is not sustainable, regulatory changes are not positive and there would be more losses in FY 12. First Choice saw all these a year ago. This is what First Choice had indicated while analyzing the IPO. We had said that the business is unethical and unsustainable. That the government / RBI will not be mute spectators to the exploitation. They are bound to regulate the segment. This will make the business un- attractive. This is what happened now. </p> http://suchetadalal.com/forum/topic.php?id=123#post-221 Thu, 21 Apr 2011 12:15:10 +0000 k a prasanna 221@http://suchetadalal.com/forum/ <p>Look at the data filed with BSE and NSE regarding insider trading, from the date of listing till today. It is a kind of record for any listed company. Employees are, left and right selling the shares, allotted to them under ESOP. This gives an clear indication of what is in the offing for the company / its share holders and stake holders. </p> http://suchetadalal.com/forum/topic.php?id=122#post-220 Tue, 12 Apr 2011 12:12:00 +0000 k a prasanna 220@http://suchetadalal.com/forum/ <p>Each and every decision in most Coop bank are taken by the board, who have vested interest. All Coop banks have a CEO for name sake. The CEO, in some banks, does not have the power to pass bills even for Rs 5/-. Loans are given to the 'same community / cast' people without proper assessment. Apart from this, there are IR issues like leave, number of holidays, PF, ESI and Gratuity, which are outside the purview of RBI. </p> http://suchetadalal.com/forum/topic.php?id=121#post-219 Sat, 09 Apr 2011 09:37:10 +0000 k a prasanna 219@http://suchetadalal.com/forum/ <p>The performance of the lead BRLM in the country in the year 2010 had telling effect on the assignments handled in the year 2011. Kotak has not managed a single IPO in the last 4 months. Log on to firstchoiceipoanalysis.com for details. </p> http://suchetadalal.com/forum/topic.php?id=120#post-218 Mon, 07 Feb 2011 11:50:11 +0000 k a prasanna 218@http://suchetadalal.com/forum/ <p>As per definition, the IPOs with grade 4 should do well in the exchanges on listing. However, out of the 16 IPOs with grade 4 that hit the market in the year 2010 only five IPOs are quoting above the offer price. Although grading is one thing and pricing is another matter, there is appears to be some thing terribly wrong with the BRLMs and the Issuers on pricing front.Small investors have suffered substantial loss, relying on the grading. Foe details log on to firstchoiceipoanalysis.com </p> http://suchetadalal.com/forum/topic.php?id=59#post-116 Sat, 20 Mar 2010 16:13:45 +0000 saam77 116@http://suchetadalal.com/forum/ <p>Business Directory for Corporate Research. Credigy Services Corp !<br /> Credigy is a purchaser and manager of distressed assets with operations in the United States and Brazil. We specialize in the acquisition and servicing of distressed receivables through the entire recovery lifecycle. Credigy has approximately 11 million accounts under management, with current balances in excess of $14.7 billion.</p> <p>Credigy was founded with the objective of building a fully integrated distressed debt management company that can address many of the inefficiencies inherent in the acquisition and servicing markets on a global basis. With operations in the US &#38; Brazil, Credigy is poised to expand operations both domestically and abroad. Our senior management team’s diversified and entrepreneurial expertise and willingness to evaluate and enter new markets and new asset classes provides Credigy with a unique ability to take advantage of varying market conditions and opportunities. Credigy is capable of, and willing to, structure portfolio acquisition transactions in any number of ways designed to maximize results for both sellers and ourselves. We acquire both secured and unsecured distressed debt.<br /> For more please visit<br /> <a href="http://www.corporationwiki.com/Georgia/Suwanee/credigy-services-corp-2769490.aspx" rel="nofollow">http://www.corporationwiki.com/Georgia/Suwanee/credigy-services-corp-2769490.aspx</a> </p> http://suchetadalal.com/forum/topic.php?id=119#post-214 Mon, 06 Dec 2010 14:42:08 +0000 k a prasanna 214@http://suchetadalal.com/forum/ <p>On a turnover of Rs 1225cr for FY 10, the debtors outstanding are to the extent of Rs 825cr. That means more than 66% of the reported revenue is yet to be realized. One has take, this kind of turn over and debtors outstanding in an IPO year, with a pinch of salt. The CAGR, profitability has no meaning, since the company has experienced negative cash flow for the last four years.</p> <p>At Rs 400-410, the company is demanding a valuation of 30x on FY10 earnings, on its post issue capital of Rs 75.60cr, which is very expensive. The company is not into exiting business to demand such high valuation. The company derives most of its income from EPC segment. The revenue from the other verticals are yet to pick up. Do not be mislead by the big name, IPO grading, associated with the issue. Even SKS Micro had the big names like Sequoia, Sores, Narayana Murthy and the same IPO grading. Within 3 months of its listing the share are down 30%, to its offer price.</p> <p>AVOID THE IPO - FIRST CHOICE IPO ANALYSIS </p> http://suchetadalal.com/forum/topic.php?id=118#post-213 Wed, 17 Nov 2010 06:15:13 +0000 k a prasanna 213@http://suchetadalal.com/forum/ <p>The analysis and recommendations of the First Choice IPO had come true. The shares are quoting at Rs 800 as against the issue price of Rs 985/-. </p> http://suchetadalal.com/forum/topic.php?id=117#post-212 Tue, 26 Oct 2010 15:31:32 +0000 k a prasanna 212@http://suchetadalal.com/forum/ <p>It is reported that Narayana Murhty has advised Mr. Vikram of SKS to be fair, honest and open. That means, it an admission, that Akula was all these days was unfair, dishonest and nontransparent. Well done Murthy. Investors please note the observations. </p> http://suchetadalal.com/forum/topic.php?id=116#post-211 Mon, 25 Oct 2010 16:40:27 +0000 jakir 211@http://suchetadalal.com/forum/ <p>Established in 1996, Quality Granite &#38; Marble Inc. Is a family-owned business, located in Suwanee-GA; servicing all Atlanta Area. Quality Granite &#38; Marble, Inc. is specialized in Granite and Marble Fabrication and Installation are our specialty. We also fabricate and install Caesarstone and Silestone. Quality Granite &#38; Marble is also an Authorized Applicator of Granite Shield Process.<br /> For more please visit: <a href="http://qualityingranite.com/" rel="nofollow">http://qualityingranite.com/</a> </p> http://suchetadalal.com/forum/topic.php?id=115#post-210 Mon, 25 Oct 2010 04:53:31 +0000 k a prasanna 210@http://suchetadalal.com/forum/ <p>The trading volumes of shares, which were in crores on the listing day and after-wards, is now in thousands. Many innocent investors who bought shares at Rs250+plus level are permanently stuck. The stock is down 10% for the third day, straight. What is the watch dog doing? </p> http://suchetadalal.com/forum/topic.php?id=114#post-209 Sat, 23 Oct 2010 02:54:09 +0000 k a prasanna 209@http://suchetadalal.com/forum/ <p>Look at the hypocrisy. The company says that their cost of funds are so high, they can not, further, reduce the interest rates. However, quarter after quarter, the company is posting robust results. From which source the company is generating such huge profit, if the huge profit earned, is not from the interest charged to the poor. One only hopes there is no Satyam in it. </p> http://suchetadalal.com/forum/topic.php?id=113#post-208 Tue, 19 Oct 2010 05:01:59 +0000 oliviawilson11 208@http://suchetadalal.com/forum/ <p>Smoking is a destructive habit for the smoker and the environment. It takes much of its financial budget and destroys good health. The feeling was in the habit of smoking is the only comfort, but a smoker gets together to pass the time. It is not fair and never compensated. Health is also involved. We know that health is wealth. Wealth does not have such great benefits if their health is at stake Smoking is a habit that is difficult to stop. Smoking is health destructive wealth destructive and environment destructive but still people smoke. The problem is the willingness to sacrifice. <a href="http://www.bestecigarettesreview.com">Electronic Cigarettes</a> is the answer to all these problems. This technology can now handle smokers and can help them to quit smoking and thereby making them free from smoking related diseases. This will also be taken from the bondage of the prosthesis odor and stains. Environmental health, environment and most importantly, it is convenient.<br /> The electronic cigarette is a device which comes with a battery which gives you a liquid solution of nicotine in the form of smoke, you can breathe this steam and smoke from the feeling of these experiences.Besides all the above advantages, the electronic cigarette is easy to use. Electronic cigarette is the most convenient way to smoke. </p> http://suchetadalal.com/forum/topic.php?id=111#post-201 Sat, 09 Oct 2010 02:00:56 +0000 k a prasanna 201@http://suchetadalal.com/forum/ <p>SKS MICRO FINANCE is on RBI and SEBI's radar. The circus has just began. </p> http://suchetadalal.com/forum/topic.php?id=91#post-174 Thu, 12 Aug 2010 05:12:54 +0000 k a prasanna 174@http://suchetadalal.com/forum/ <p>NEW GUIDE LINES - STRAIGHT EFFECT ON MICRO FINANCE INSTITUTIONS </p> http://suchetadalal.com/forum/topic.php?id=112#post-204 Fri, 15 Oct 2010 00:31:42 +0000 k a prasanna 204@http://suchetadalal.com/forum/ <p>The number 1 position, awards, have no meaning when the business itself is unethical.The whole MFI business is a big scam. The business is un sustainable. The bubble will burst one day. RBI/GOVT wont be mute spectators to the exploitation. The regulator has already stepped in. It is a question of time before these MFIs crumble. Investors should exit this company. </p> http://suchetadalal.com/forum/topic.php?id=110#post-200 Wed, 06 Oct 2010 09:40:08 +0000 manish 200@http://suchetadalal.com/forum/ <p>GAIL looks fundamentally Strong to invest in with the target price of Rs. 585. To read full research report you can bookmark this URL:</p> <p><a href="http://www.dsij.in/productattachment/BrokerRecommendation/GAIL.pdf" rel="nofollow">http://www.dsij.in/productattachment/BrokerRecommendation/GAIL.pdf</a></p> <p>Source: Dalal Street Investment Journal<br /> <a href="http://www.dsij.in" rel="nofollow">www.dsij.in</a> </p> http://suchetadalal.com/forum/topic.php?id=109#post-199 Tue, 05 Oct 2010 13:32:25 +0000 k a prasanna 199@http://suchetadalal.com/forum/ <p>The various initiatives taken by the RBI and the Central government will prune the profitability of micro finance companies and the scaling up of business will be very difficult. More importantly, the business is unethical. The licenses to new bank will be given with a rider - that they have to open a specific number of branches in un banked rural areas, which will make life more difficult for micro finance companies, as the banks can lend at a cheaper rate. Extending credit to the poor, is a socially-politically sensitive issue. The government, always takes policy measures, that will benefit the poor and not the finance companies. </p> http://suchetadalal.com/forum/topic.php?id=108#post-198 Mon, 04 Oct 2010 03:14:45 +0000 k a prasanna 198@http://suchetadalal.com/forum/ <p>The company filed DRHP with SEBI in Sept 2008, hitting the market, after two years. The objects of the issue remain the same. It appears nothing much has changed in the two years, in between. As of March 2010, the company has Rs 226.75cr debt, which is 2.75 times the total net worth. As per ICRA report, the company has experienced liquidity problems in the recent past. The company has significant debt repayment obligation in the medium term. May be, one of the hidden object is for repayment of debts, to improve the liquidity of the company. The debtors’ realization has gone up from 125 days in 2009 to 169 days in 2010.</p> <p>In the price band of Rs 257 - 266, the issue irrationally priced, considering its past performence and future prospects. IPO grade 2 by ICRA. </p> <p>At the Cap Price, the company is demanding a PE multiple of 24 on its FY 10 earnings, where as the shares of peers in the industry like Jyothi Structure (12PE), KEC Intl(16PE), Sujana Towers (12PE) are available at cheaper valuation. Even on the RONW front, the company’s performance is lackluster compared to the above peers. There is no justification for such high valuation. </p> <p>FIRST CHOICE IPO. </p> http://suchetadalal.com/forum/topic.php?id=107#post-197 Fri, 01 Oct 2010 12:18:51 +0000 manish 197@http://suchetadalal.com/forum/ <p>Hold this scrip for long term with the target price of Rs. 1976... To read full research report you can bookmark this URL:</p> <p><a href="http://www.dsij.in/productattachment/BrokerRecommendation/BharatElectronics.pdf" rel="nofollow">http://www.dsij.in/productattachment/BrokerRecommendation/BharatElectronics.pdf</a></p> <p>Source: Dalal Street Investment Journal<br /> <a href="http://www.dsij.in" rel="nofollow">www.dsij.in</a> </p> http://suchetadalal.com/forum/topic.php?id=106#post-196 Wed, 22 Sep 2010 10:11:40 +0000 ikayes 196@http://suchetadalal.com/forum/ <p>Smelly Scalp &#38; Hair--You might be shocked to find out that over 50% of people suffer from smelly scalp or what most people refer to as scalp odor and different times in their life.http://www.smellyscalp.net </p> http://suchetadalal.com/forum/topic.php?id=105#post-195 Mon, 20 Sep 2010 03:20:31 +0000 k a prasanna 195@http://suchetadalal.com/forum/ <p>To stop the poor being exploited, by Micro Finance lending organization, the government has instructed the banks to ensure that the interest charged to the final borrowers is restricted to 24% p.a. At present the Micro Finance organizations charge any where between 30 -48% p.a. While analyzing the IPO of SKS micro,FIRST CHOICE had indicated that the interest are bound to be regulated by the government. The same has come true. </p> http://suchetadalal.com/forum/topic.php?id=104#post-194 Sun, 19 Sep 2010 14:35:42 +0000 k a prasanna 194@http://suchetadalal.com/forum/ <p>There is sudden rush of IPOs aimed at making it before September 30. The main reason is to avoid SEBI guidelines, which makes it mandatory for companies to incorporate the results of June quarter, if they are planning the IPO after SEPT 30. The other reason being, the issuers and merchant bankers are trying to exploit the buoyancy in secondary market, which has direct positive impact on the primary market. Investors, desiring investing in the primary market should exercise extreme caution in selecting the companies. Out of the 43 IPOs that are listed in the exchanges from 01-01-10 until date, 19 company shares are quoting below the offer price, the last one being Aster Silicate. That means, almost every second issue is not good. </p> http://suchetadalal.com/forum/topic.php?id=103#post-193 Sun, 19 Sep 2010 14:34:56 +0000 k a prasanna 193@http://suchetadalal.com/forum/ <p>The company has excellent execution track record in EPC and BOT projects. IDFC PE holds 15% equity (pre issue) in the company. The road and infra sectors likely to witness robust growth in the coming years. The company is well positioned to en cash the opportunity. Experienced promoters. CRISIL IPO grade 4. INVEST. </p> http://suchetadalal.com/forum/topic.php?id=102#post-192 Sun, 19 Sep 2010 14:33:44 +0000 k a prasanna 192@http://suchetadalal.com/forum/ <p>Poor quality IPO. The fundamentals of the company do not deserve any premium. It appears that the issue is being pushed in before Sept -30, to escape the new SEBI rule, which makes mandatory for companies to incorporate the June quarter results, if the issue is planned after 30 Sept. CLEAR NO TO THE ISSUE. </p> http://suchetadalal.com/forum/topic.php?id=101#post-189 Thu, 16 Sep 2010 02:50:48 +0000 NewMan 189@http://suchetadalal.com/forum/ <p>We are seeing a spurt in the IPOs of many companies that don't deserve the kind of post listing gains they show. Example: Midfield Industries Limited. How does this obscure company that manufactures Steel Strappings with no technology involved and with a small value addition, justify skyrocketing of its share price in the market? Doesn't it bring back the memories of KP days? It stinks of operators and promoters manipulating the price for their own gain.Is there no one to check such malpractices any more? SEBI??? </p> http://suchetadalal.com/forum/topic.php?id=100#post-188 Wed, 15 Sep 2010 12:34:59 +0000 k a prasanna 188@http://suchetadalal.com/forum/ <p>The company recorded a total income of Rs 38.93cr and net profit of Rs 8.61cr. for FY 09. For the half year ended 30-09-09, the figures were Rs 27.59cr and Rs 10.94cr, respectively. Assuming that the company is likely to post an EPS of Rs 8/- for FY11 (on the post issue capital of Rs31.18cr), the company is demanding an valuation of 15x, which appears on the high side, considering further scalability of business and competition.</p> <p>At Rs 113 – 118, the shares are over priced. Avoid subscription. </p> http://suchetadalal.com/forum/topic.php?id=99#post-187 Wed, 15 Sep 2010 12:33:02 +0000 k a prasanna 187@http://suchetadalal.com/forum/ <p>Poor quality FPO. NO NSE LISTING. There are more uncertainties than certainties in implementation of the project. It appears the real object of the issue is for stock market manipulations. DO NOT TOUCH.</p> <p>FIRST CHOICE IPO. </p>