Source:Varinder
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UK Banks Hammered
Source:Varinder
Author: Raoji
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Linkfest:June 28,2016
Some stuff I am reading today morning:
S&P cuts UK Sovereign Rating (FE)
Faering Capital eyes bumper exit in RBL Bank IPO (ET)
HCL Technologies struggles to retain clients (Mint)
NSE to list finally (BS)
Vistara to challenge Gulf Carriers (Bloomberg)
Transcript:Modi’s interview to Arnab (Times Now)
Is your portfolio getting enough sleep? (BPS)
George Soros still made money on Brexit (Deal Breaker)
Brexit will be worse than any bear market you’ve seen (Jim Rogers)
Stay calm and buy stocks (Balasubramaniam)
(Disclosure:I am market making in the shares of CSB)
Canadian billionaire Prem Watsa’s Fairfax Financial Holdings is looking to acquire more than 10% stake in Kerala-based Catholic Syrian Bank, people familiar with the development told ET. Watsa’s latest Indian bet is seen as part of the Canadian billionaire’s plan to establish a conglomerate in India with interests in fields ranging from banking, insurance, broking, infrastructure and chemicals.
A proposal to this regard has also been submitted to the Reserve Bank of India, sources said. “The bank needs constant capital …we are talking to many investors including Fairfax,” said S Santhanakrishnan chairman, Catholic Syrian Bank. A mail sent to Fairfax Financial did not elicit any response until press time Sunday.
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Chart: Brexit Domino Effect
Source: Business Insider
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The Difference
Buy and hold isn’t buy and forget. It is buy and verify (your thesis), and the smaller the company the more often you verify.
— MicroCapClub (@iancassel) June 26, 2016