One of the open secrets of the fund management business is the desire for stocks to have high prices at the year-end as this is used for measuring fund performance and hence the bonuses of the fund managers
Gokaldas Exports, which is approximately 40% owned by Blackstone, offers an amusing lesson
Yesterday, they made an announcement to the Stock Exchanges that they have uploaded a “Management Presentation” on their website.
The deck had this very interesting slide on Q4 revenues/profits…this on the last few days of Q4
The net result is that the stock has hit the upper circuit today.
Some stuff I am reading today morning:
All GST Bills passed in Lok Sabha (Mint)
Meet Ashish Kacholia, Dalal Street’s whiz kid (ET)
Kotak Bank’s 811 (Money Control)
Sale of BS III vehicles banned (BS)
Overwhelming response from investors for SME offers (BL)
Instagram killed the retail store (BusinessWeek)
The real asset you are building is trust (Seth Godin)
The Mullet Discount (Eric)
Did the Greek bailout money go to ‘liquor and women’ ? (Credit Writedown)
Nassim Taleb as a relucatant angel of Justice (Deal Breaker)
Source: Express UK
The European Council has allowed a TinTin poster comparing Britain’s Brexit decision to a sinking ship engulfed in flames to hang in its negotiation room.
This post is in continuation of my coat tailing series (see here)
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Ashish Dhawan is a well known investor, entrepreneur and philanthropist…probably best known for his role as Sr.Managing Director at ChrysCapital.
His top 5 significant holdings in India as on 31 Dec,2016 as per Stock Exchanges is given below:
||Value (In Crores)
|Aditya Birla Nuvo Limited
|Dish TV India Limited
|Manappuram Finance Limited
|JB Chemicals & Pharmaceuticals Limited