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A warning to the effect was issued to all investors way back in July. I am sure some of them took the warning seriously... more downside awaits Satyam. happy investing......
Satyam will bounce back
Posted by :
suunilpandeyNo need to worry if you can invest more then please invest. Sure with in 2~3 trading session satyam will back again. Mahindra & Nomura are not so fool, I earned from Satyam at every dip even when price was 6 INR.Good Luck and be positive.....
to Jeetu139
Posted by : suunilpandeyBetter you sell your share, if you purchased, thanks for your information......
sell
Posted by :
Jayanta Roy
i don`t want to doubt that ur too immature to make such comments on this board as you are no one and no analyst can predict rt price else you or they would have been seating in huge cash n not wasting ur time here...
my point is what is ur some wrong news.. it`s too vague and don`t mislead us as we r smart enough to avoid u or analyst Shankar`s comments so pls don`t give ur wise advice to this board unless u have a solid evidence...
...
buy at cmp and accumulate in every dip of 5%
Posted by :
ramu.gurazalaFrom january to june 6 months time satyam raised from 6 rupees to 125+. Again some bad news coming it is an opportunity to buy and accumulate just hold for another 6 months that is upto june 30 2010 one will get 100% returns as the company will post good numbers. Company vice chairman also clarify the same that the company is maintaining revenue runrate as expected and expecting almost all the class actions will be settled out of court and all the normal liabilities were almost paid ...
Q:Why Satyam is going down ? A:Law of gravity
Posted by : ramu.gurazala
My dear bathulavb,
U mentioned that mahindra satyam`s estimated profit is around 624 crores and it means EPS is nearly 5.50 now the industry peers like wipro, tcs and infosys are trading around 22 to 27 time if we calculate in that ratio this scipt must be above 110 rupees. See what compny vice chairman said the liabilities are not more than they expect and almost many liabilities were discharged and they are maintaining the runrate of revenues as expected. so be patient and wait upto the results come out if the results the share will trade above 30 time pe...
Fraud 66 % more
Posted by : rvk41
The Central Bureau of Investigation (CBI) has stumbled upon more evidence that could push the size of the fraud at Satyam Computer Services to Rs 11,875 crore from the initially estimated Rs 7,136 crore.
Submitting the supplementary charge-sheet in the financial fraud case, the CBI has claimed an additional fraud of Rs 4,739 crore.
Apart from this, Satyam investors might have lost Rs 14,000 crore during the crisis period.
Talking to reporters later in the Court premises here, Mr V. V. Lakshmi Narayana, CBI Deputy Inspector-General, said evidence showed that the accused raised Rs 1,931 crore by pledging shares and had pocketed Rs 748 crore by offloading shares.
“The accused had forged the resolutions of the board and secured loans and advances to the tune of Rs 1,220 crore,” he said.
The 200-page supplementary chargesheet contained 1,549 additional documents, 301 additional witnesses and nine ‘material objects’. With this, the entire documentation in the case so far runs into 55,000 pages.
The CBI also alleged that the accused garnered Rs 230 crore in the form of dividends on the highly inflated profits. “Besides, they had created fake customers and generated fake invoices against these customers to inflate revenues to the tune of Rs 430 crore,” Mr Lakshmi Narayana added.
In connection with the acquisition of shares of Nipuna Services Ltd, the BPO arm of Satyam, the CBI charged the accused with falsification of accounts to the tune of Rs 180 crore.
Mr Lakshmi Narayana said the CBI could map the huge extent of assets, valued at Rs 350 crore, acquired by the accused with the fraud amount. “In all 1,065 properties were identified. The list included 6,000 acres of land,” he said.
The CBI alleged that the accused tried to cover up the whole fraud by carrying out the Satyam-Maytas acquisition deal. “In this process, they wanted to cheat the investors of Maytas Infra and Maytas Properties,” it pointed out.
“We are contemplating filing separate charge-sheets pertaining to the diversion of funds of Satyam and fraud with regard to IT returns of Satyam. These acts amount to distinct offences,” Mr Lakshmi Narayana said
For information,with regards
rvk41...
Strong support at 88..
Posted by : maximindiaThis panic is similar to panic when small investors sold at 6.Do anybody think that Nomura is so fool that it bought huge qntt at 115.Just like Mahindra bought cheap at 58 Nomura too bt cheap at 115.D sufferer in both panic is small investors and beneficiaries r big operators....
Q:Why Satyam is going down ? A:Law of gravity
Posted by : bathulavb
Even though you are a good high jumper , you can`t escape the law of gravity.
I was posted this message on July 21. I am once again posting this ,not to say , I am great . It is a learning process.
21 Jul 2009 02:11 Mahindra Satyam reasonably priced around Rs85
Posted by : bathulavb View full thread (1 messages)
Tracked by: 0 Boarder
In my opinion MS reasonably priced around Rs85. This is my understanding.
Feb 2009 estimated net profit 52 crores ( As per open offer disclosure)
Yearly estimated net profit Rs 624 crores ( 52*12)
Industry avg P/E 16
Traget MC 9984 Crores (624*16)
Number of Shares 117.55 Crores
Projected Share Price 9984/117.55 = Rs 85
Mahindra paid Rs 2908 crores to buy Satyam. This cash may be used for legal litigations ( UPAID and Class action suits)
...
Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.
Posted by : bathulavbYou won`t get the answer unless you go to Himalayas. There also no answer , just you stop bothering about these things....
Strong support at 88..
Posted by :
jogayakSatyam has a strong support at 88 Rs level.. personally I feel it wont breach 88, as the news that are pulling down the stock has nothing to do with the new management and the company under it.....
buy more at this levels
Posted by : bdj
hi smartakka,
Nayyar did mention that these new liabilities are from electricity bills and some travel bills and nothing beyond that Upaid was also discussed where he mentioned 95% in this type of claims, the cases are settled out of court.
Regards
Naidu...
satyam is a sell at the moment
Posted by : greatestmj
I knew something crap is going to happen seriously....so many bad news. Every time the stock tries to go up, some bad news comes for the stock. It was rallying up nicely and breached 117, so L&T had to come and sell its shares. Then 37 companies were demanding money back, Maytas asking for 2000 crores. All these bad news took it down to 102. I exited it on 104 since it was a waste on my portfolio, and now CBI fraud scam took it down to 91!
There is no point buying this right now, it will further dip since Indian stocks are very prone to Sentiments...and this strong negativity will call for panic selling, any rally should be used to exit the stock now! and buy again when things have cooled down....
Who`s buying??
Posted by : GuestSatyam will bounce back within days and i am sure that someone has used these news/ rumour to buy at lower levels. People sold their stocks in panic and it got sold in every rate. Any guesses who bought these shares today??...
