Author: Raoji

Categories
Links

Linkfest: October 05,2016

Some stuff I am reading today morning:

RBI begins new era under Urjit Patel (Quint)

10 Year SIPs down to Single Digit Returns (CapitalMind)

Market Cap of BSE Listed Companies at record high (FE)

The rise of India’s neo middle class (Mint)

Rakesh Jhunjhunwala’s 5000 Crore Charity Pledge (MoneyControl)

Research Report: Auto Sector (Motilal Oswal)

How HDFC Life is misguiding investors (Basu Nivesh)

Financial Markets have become a Vegas Casino (Bill Gross)

William Bernstein’s Investing Approach (AAII)

Deutsche Bank’s troubles touch a nationalist nerve (Bloomberg)

Categories
Observations

The Stock that didn’t Split

Hat Tip: Safir

It is very rare to see a Promoter vote against his own Company’s Board resolutions.

This astonishing sighting happened in the case of Jyoti Resins & Adhesives Ltd.

On 29 Aug,2016, the Board recommended a stock split of the shares from a FV of Rs.10 per share to FV of Rs.1 per share

However in the AGM held on 30 Sept,2016, the Promoters voted against the resolution thereby blocking it.

Hmm…maybe such resolutions should have waited till the Shraadh period got over !

Categories
AGM Cartoon

Disguise

img-20161004-wa0005

Categories
Interview

Nilesh Shah on Fixed Deposits

When I started my career, bank deposits used to give 16-18 percent.

Then it fell to 13-15 percent, thereafter it fell to 9-10 percent.

Today they are available at 7-8 percent.

I have no doubt that 3-5 years down the line, bank fixed deposit rates could be 4-5 percent.

But will you be happy with 4-5 percent returns?

-said Nilesh Shah,MD Kotak Mahindra AMC

Categories
Links

Linkfest: October 04,2016

Some stuff I am reading today morning:

Four Themes to bet on (BNP Paribas)

SEBI fines Piramal Enterprises for insider trading (ET)

Cognizant investors get screwed (Mint)

India’s Central Bank grows up (Bloomberg)

NSE is almost a monopoly (BL)

Top 10 Monthly Income Plans (My Investment Ideas)

We need a new IPO Process (Continuations)

Venture Capital:Its a pricing,not value game (Aswath Damodaran)

The difference between a bubble and a cycle (Collaborative Fund)

The art is not making money,it is keeping it (Tony Isola)