Categories
Links

Weekend Mega Linkfest:December 04,2015

Some off beat reads for the weekend:

Mark Zuckerberg’s letter to his daughter (Facebook)

Images of Chennai Floods (DailyO)

Relationship between media and celebrities is over (AWL)

The Statue of Liberty was originally a Muslim woman (Smithsonian)

A dummies guide to litfests in India (IndiaFacts)

Facebook Vs YouTube battle for online video (Om Malik)

ISIS’s oil smuggling operation (New Yorker)

Caltech Basketball:The revenge of the nerds (SI)

How Congress helped produce a better GST Bill (Swarajya)

New rules for the old real estate game (YS)

Schlep blindness in startups (Paul Graham)

Gossip:Sahara Shri Sidelined (Gossip Guru)

Favorite online radio (TeamBHP)

21 Reasons to visit Thailand (Telegraph)

The world’s best new luxury hotels (Telegraph)

Categories
Image

Different ways to lose money

Source:Prashanth

Categories
Links

Linkfest:December 04,2015

Some stuff I am reading today morning:

Delhi/NCR Real Estate-The greater fool is you (VRO)

2.7 Million trucks face red light (BS)

Non-disclosure of foreign assets will be very risky (Firstpost)

Reliance Jio-A worry for both shareholders and competition (Mint)

Brokers turn bullish on Sun Pharma (ET)

IPO Review:Alkem Labs IPO (My Investment Ideas)

Can stock market forecasters forecast ? (Irrelevant Investor)

Mark Zuckerberg’s gift is as harmful as crack cocaine (Bill Bonner)

Does money flow where it is treated best? (TRB)

Hong Kong property bubble collapses (Zero Hedge)

Categories
Plug

Shout Out: Rights Issue of Quess Corp Ltd

A shout out for existing shareholders of Quess Corp Ltd.

Any shareholder wishing to renounce their rights in the rights issue of Quess Corp Limited,please email me at Alpha Ideas.

Categories
Excerpts

Thomas Cook Investors get screwed

Hat Tip: S K Sharma

Thomas Cook’s proposal to renounce shares in the rights issue by subsidiary Quess Corp is a loss to the travel operator’s shareholders, said proxy advisory firm SES. Quess is coming up with a rights issue of 25 lakh shares that Thomas Cook has proposed to renounce in favour of Quess Corp’s founder promoter Ajit Isaac at par.

The company has not disclosed the consideration of renouncing shares in favour of Isaac. If the renouncement is done without consideration, Thomas Cook could lose anywhere between `150 crore and `500 crore approximately depending on the fair value of shares of Quess, said SES

An email query to Thomas Cook on the matter went unanswered. Thomas Cook has plans to raise `700 crore via Quess Corp’s IPO and is considering a 25% dilution; the share price could be more than `586, SES said. “Shareholders of Thomas Cook may lose in a huge manner if Thomas Cook lets go of the rights issue,” said JN Gupta, MD, SES. –from ET