Author: Raoji

BSE: From Pre-IPO to IPO

Today was the analyst conference for the BSE IPO.

The ballroom was house-full with many analysts having to stand.

Watching the indefatigable CEO Ashish Chauhan field the analyst’s queries reminded me of the numerous AGMS I attended.There the CEO had to answer shareholder’s queries about when SEBI will give approval for the IPO !

It has been a satisfying journey watching the Exchange change from a Bad Boy’s Club to a more professional and dynamic outfit which can outthink and leave NSE behind as evidenced by the launch of the BSE’s India International Exchange at GIFT

Here’s wishing the 141 year old BSE many years of continued and prosperous longevity.

Chart

A Chart for all Growth Stock Lovers

Post author By Raoji
Post date January 17, 2017
1 Comment on A Chart for all Growth Stock Lovers

Source: Ian Cassel

Excerpts

China is going broke

China is going broke.

This statement comes as a shock to those who have heard over and over that China is a rising economic superstar and will soon be the greatest economy on Earth, surpassing the U.S. in the No. 1 role.

How can China be going broke?

China started 2015 with about $4 trillion in hard currency reserves. About $1 trillion fled the country in 2015 and 2016 based on fears of yuan devaluation. That’s classic capital flight.

Another $1 trillion is relatively illiquid, including direct investments in mines and natural resources through sovereign wealth funds such as China Investment Corp. That’s wealth, but it’s not money that can be used in a liquidity crisis.

Finally, $1 trillion has to be held as a precautionary reserve to bail out China’s insolvent banks and Ponzi-style “wealth management products.” Failure to bail out the banks… could lead to social unrest that would topple Communist rule, so that won’t be allowed.

That leaves only $1 trillion of the original $4 trillion in liquid form. And if it keeps jettisoning dollars at this rate,China will be devoid of usable liquid assets by late 2017.-from DR