Category: Observations

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Observations

NESCO : Maun Vrat

Over the weekend, the social media was abuzz with a letter that NESCO will not be permitted to hold exhibitions.

 

In today’s Times of India, there was an article which corroborated the news.

Now, Exhibitions are an important part of NESCO’s business, accounting for 35% of Revenues and 43% of Operating Profits

Not surprisingly, the stock tanked 10% today immediately on open.

What is shocking is the fact that the NESCO management did not consider it fit to inform shareholders (as on today 11 am) of this very important market moving Event.

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Observations

DCW: Price Bada Balwan

Hat Tip: P Shah

Yesterday, DCW had a market moving announcement related to an export order as seen below:

This announcement was broadcast on NSE at around 3:20 pm as seen below:

The announcement was broadcast on BSE at 3:22 pm as seen below:

But the stock price saw a steep jump at around 11:00 am and again at 2:30 pm….well in advance of the Exchange Announcements

Source: Money Control


What should we call this?

Clairvoyance of the markets or something else?

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Observations

18 Dead, 3 Critical , and 1 Injured

Source: SEBI Annual Report 2017-18

18 Dead:

3 Critical:

1 Injured:

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Observations

TBZ : Superb Family Values

Hat Tip: A Mitra

Source: TBZ Annual Report 2017-18

The Chairman & MD Shrikant Zaveri makes this promise in his letter to shareholders

,

He then backs up his promise by delivering value to himself and his two daughters (Binaisha and Raashi) via handsome salary packages.

Shrikant Zaveri’s salary :

Binaisha Zaveri’s Salary:

Raashi Zaveri’s Salary:

Now, no one would grudge these salaries if the Company was performing well.

But take a look at the Consolidated Profits of the Company:

Promoter’s salaries is around 2/3rds of the Net Profits of the Company !!

So when the Promoter says his business model is delivering value to shareholders, he means it is delivering value to shareholders who also happen to be family members !

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IPO Observations

The poor pay the most

Source : DRHP Filings of CreditAccess Grameen Ltd