Yet our Mutual Funds can’t beat Fixed Deposits in returns.
Source: Zorba
Author: Raoji
Categories
BLS International: Catch in the Cash
The attached pic tells us why it is so important to read Annual Reports
Cash flow statement of a company – Adds short term borrowings to cash flow from operations and inflates the operating cash flows pic.twitter.com/EadqRbzqsY
— Katalyst Wealth (@katalystwealth) August 9, 2018
Categories
S M Gold : Exploiting the SME Loopholes
Source: DRHP Filings of SM Gold Ltd
The Financial statements in the DRHP shows financial results from 2015 onwards even though the company was formed in 2017 and merged with a proprietorship firm on Aug 2018 ! (This month itself !)
The explanation is given below:
At this rate, any entity can get listed on the SME exchanges with the flimsiest of financial manoeuvres.
Have half a mind to suggest to Paramesha sandwich walla -who has a food stall on the street right below BSE- to go for a SME listing !
Categories
Linkfest: 09 August, 2018
Some stuff I am reading today morning:
India’s economy an elephant that’s starting to run (BS)
Interview with Rashesh Shah (ET)
The rise & stumble of IL&FS (Quint)
UTI AMC battle now in court (BQ)
Supreme Court threatens Amrapali Group (Rediff)
NCLAT peeved with NCLT’s Tata-Mistry order (FE)
Interview with Prashasta Seth (Morningstar)
When builders make up locations to lure buyers (Mint)
Avoiding Value Traps (Validea)
Tesla to face SEC investigation (CNBC)
Categories
A Lament for Mr. Limaye
NSE unveiled it’s new logo today on the occasion of it’s completing 25 years.
One other thing which seems unchanged since the last 25 years is the NSE website !
It has become extremely frustrating to use the website as this tweet indicates:
Thinking of starting tutorial course on
“ How to find company specific result and announcement on #NSE website without getting frustrated “
View invited 😀— Zafar (@Maaachaaa69) July 31, 2018
Nowadays people check corporate announcements etc on their mobile phone.As such, it becomes v painful to go to the NSE website, download a Zip file , unzip it and then read the contents.
It’s much easier and faster to use the BSE website where corporate announcements etc are available in the PDF format.
Another rant is for their shareholding pattern section. NSE seems oblivious to how data is stored and managed on their web site.
Take these couple of instances.
I had blogged a few days back about Infibeam not filing it’s shareholding patterns on time.It apparently had filed it but NSE failed to display in chronological order as alert reader Purvesh Parekh pointed it out.
Now take the shareholding patterns of blue chip companies like ITC and M&M.
In both cases, the shareholding patterns of March 2018 is missing.
These are of course a few examples which illustrate the utter shoddiness of the website.
Another shocking example is the SME section of the website.
Here one has to be a Sherlock Holmes to determine the corporate announcements and shareholding patterns of the company.
See an example of a SME company for illustration:
Unlike the main board companies, it is not possible to view the corporate announcements, corporate actions, shareholding patterns etc when you check the quote.
In order to do so, you have to go to the generic SME page and wade through useless data to get to the Company you want to check.
Mr. Limaye, Investors don’t care about your NSE rebranding….they care about getting information quickly,completely and timely.
Spend some money on that , please.