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Minimum Support Price
Author: Raoji
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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
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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 !
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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)