Source:Prashanth
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Different ways to lose money
Source:Prashanth
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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)
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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.
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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
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Linkfest:December 03,2015
Some stuff I am reading today morning:
Dr.Lal Pathlabs,Alkem are big winners in grey market (ET)
IPO Review:Dr.Lal Pathlabs (MyInvestmentIdeas)
Chennai based companies’ stocks fall (FE)
Ramdev’s Patanjali to go on an advertising blitz (Mint)
Why gold may glitter again in India (BS)
Microcap Investing:The Ian Cassel Way (Safal Niveshak)
The 5 Biggest Myths of saving money (Bloomberg)
Calling it Vs Nailing it (Irrelevant Investor)
Stocks that can double can give you trouble (Aleph)
Like clockwork,they are bashing Buffett again (Felder)