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LyondellBasell says gets cash offer from RIL
Posted by :
bhusbhac
shivanand - All boarders who don`t look at PEs as the only measure, who understand liquidity and the power of cash must agree with you.
However some boarders don`t like our positive outlook on RIL and might be missing out merely because we reaised the topic and defended Mukesh and RIL....
LyondellBasell says gets cash offer from RIL
Posted by :
Shivanand
Reliance Retail(Rel. Fresh) IPO LIKELY ?
Mukesh Ambani of Reliance stressed on Retail and alt . source of energy. While infra & power is the flavour of the season, alt. source of energy is expensive and depends on subsidies, retail sector seems to be the NEXT SECTOR TO WATCH FOR, hopefully Mukesh Ambani has some mega retail plans with vast retail outlets.
Future Group retail Biz IPO band was near 800, could it be possible that Reliance Retail may buy Vishal Retail and come out with an mega IPO with Rel Retail band above 1000.
ANY TECH / FUNDA ADVICE
NB:- MY NOTINGS ARE BASED ON PURE ASSUMPTIONS. PLS ADVICE IF ANY BOARDER SHARES MY VIEWS...
LyondellBasell says gets cash offer from RIL
Posted by : bhusbhac
akkbatra - I have a notion that our nation will progress with KG D6 Basin gas. I am nearing 58 and I have two magnificent sons who take care of the business and teh family needs.
So if our nation progress so will my son`s business. I am quite well secure and have enough income by way of interest and rent and that amount is much greater than investments in the stock markets. Enough and content with what we have within our own means is the best advise one can give another in life.
So exercise, fitness and a reasonable indulgence in the stock market is my interest for the time being.
Every two months I am on a ten day holiday abroad. On 1st December, 2009 I will be away once again though I may have limited time and limited internt access.
So please don`t worry about me. I will live my life to the full without a moment to spare and I am quite sure that you will yours too.
I so believe in the KG D6 gas reserves that I think it is time well spent. I am quite sure that we have a lot to do with the US$ saved. Now here we have a situation where RIL is doing the reverse most likely because of this dispute.
I don`t believe I am taxing my brains in this matter.
RIL not going to full capacity in gas production? Please do believe me that I am businessman enough to understand that the profitability as per government`s calculations are not worth the effort. There must be some more planning.
Now when I look at the Q2 balance sheet I find a 40% net profit margin. Deducting 40% gives a price of US$ 2.70 so celarly US$ 2.34 is not worth it all and worth DELAYING and using SMART tactics. Who told Anil not to offer midway after HHC judment seemingly was in his favour? If he felt sheltered than let him face the consequences as a man as much as Mukesh is himself gearing up to face the consequences.
...
RIL stock will be under pressure
Posted by :
nachiketapteRumours are that RIL have placed a bid for 12 billion dollars. RIL have 4 billion in cash and 8 billion dollars from the stake sale. All this will be gone. So markets might not like it. I think target for Reliance will be 2050 in this week....
Mukesh Ambani tops India`s rich list
Posted by : sd3
Mukesh is about to a ratan tata by this news of acquiring L-B .
Do u still believe in him and RIL ?
sd3.....
LyondellBasell says gets cash offer from RIL
Posted by : radhika_nandlal
Bhusbhac,
I have put the reply right under your posts (hmm under your nose)...
LyondellBasell says gets cash offer from RIL
Posted by : bhusbhacradhika_nandlal - I will have to locate this board....
Reliance plans aggressive exploration
Posted by : bhusbhacPlease read the mentioned amounts in crores....
Reliance plans aggressive exploration
Posted by : bhusbhac
fortis - Certainly the MOU is an important document between the two brothers and is an important document for the demerger as well however remedy in case of non compliance is built into the MOU on a PERSONAL basis.
It can be argued that BOTH brothers were party to an erronous belief of the PSC, GOI taxes and profit under the PSC and the period when the RPOWER Dadri project will come up. In fact it is the GSMA which respects RNRL`s right otherwise Anil Ambani has to get the gas ONLY to take REL to greater heights.
There is no mention of RNRL in the MOU!
So sketchy it is and if it comes down to the MOU and the demerger a settlement between the two brothers amounting to some Rs 10,000 to Rs 20,000 may be in the offing. So how will Anil Ambani pass on this benefit to RNRL and / or RPOWER? What about the shareholders who supported him?
Once again I wish to re-iterate that despite the ugly discussions on this board I have always maintained that Anil Ambani is entitled to a reasonable cash amount as a share in their inherritance and since Mukesh is the elder brother.
The MAIN problem about the case matter is that the Dadri project has not come up in order that HSC could enforce RIL and / or GOI to give some concessions and nowhere in the MOU is it mentioned that Mukesh and / or RIL should arrive at a bankable agreement between the two parties. The strict interpretation of a suitable arrangament and a bankable arrangament does not amount to an interpretation of law and an agreement has to be an agreement between both parties. That does not make RIL signly a defaulter. Otherwsie Anil Ambani should not have resigned until he had a concrete agreement with him. That it could not be done since many factors were undetermiend may not be the fault of Mukesh alone. Hence the current factors need to be taken into account....
LyondellBasell says gets cash offer from RIL
Posted by : akkbatra
Bhusbhac,
Its not about giving support to you or opposing your views, the views will remain what they are...I was more concerned with your involvement with RIL counter and resultant chemical locha in brain, if any, over the period of time.
Its also not about your loosing here at this virtual forum, which can not be and which should not be more important than anybodys life. The canvaas of life is far far bigger and larger that RIL or MMB board. Whats important winning here or not loosing in life ? Whats the use if someone can not think anything else other than any one topic or matter 24 hours 7 days and 12 months ? Whats the use if I neglect my family, business, friends, relatives, neighborers, mohalla, city and society at large. If you are able to adjust, you are not human, you are superman. God bless you.
After his marriage, Tulsidas went to meet his wife who had been to her parents. He reached the in-laws village late night, when he knocked the door, nobody opened for the fear of thieves. He caught hold of a rope and climed the wall and roof and entered inside that house. When his wife saw him, she shouted snake..snake..what he thought as a rope was infact a snake. His wife then said..itna man agar aap RAM me lagao to aapki naiya par ho jayegi. Since they it turned his life and he went on to write MANAS. So when someone sees a snake as a rope, its called illusion. Smaller illusion can convert into delusions and madness, if not corrected in time.If you are able to adjust, you are not human, you are superman. God bless you
All like our beloved country to become oil and gas independant but its equally true that the biggest hurdle is RIL greed itself, otherwise how one can agree to give NTPC (as per no prejudice to that case affedevits) and not to RNRL ? Who is preventing RIL to go for full capacity extraction, if there would not have been gas price hike issue all of the sudden and delay tactics till RNRL dispute is resolved....
RIL submits bid to acquire US LyondellBasell
Posted by : VarnerHow much time is expected to be taken for the deal to be there and how this add to the value of the share at all....
RIL submits bid to acquire US LyondellBasell
Posted by : bhusbhac
shappy - US$ 10 bn = Rs 47,000 crores. So the stake sale should become clearer and that is the advantage of holding cash in troubled times.
The deal Tata Steel made while acquiring Corus was in the boom period. The deal RIL is about to meke is in the recession period. That difference may prove relatively decisive.
Reliance underperformed due to the litigation however the refinery GRM`s where the company is majorly invested was the prime culprit. With this acquisition which is a running business the petchem business which is more profitable should counter balance RIL`s profitability.
If the market receives this news well despite the court case we can expect another tranche of treasurey stake sale. So treasury stake converted into a prime asset even better than KG D6 Basin gas production. Certainly begins to make a lot of sense....
LyondellBasell says gets cash offer from RIL
Posted by : radhika_nandlal
Bhusbhac,
Get my reply to this one on the ODD ONE OUT BOARD.
I dont want to spam RIL board....
Setback for RNRL in KG gas case
Posted by : fortisVery well.Govt is a party in the case.So what? What may happen is Muk will give at the mou price and both brothers share the taxes losses if any and pay the Govt....
RIL submits bid to acquire US LyondellBasell
Posted by : subasu
RIL will continue to underperform.
To match the Index or other peers, RIL will have to shore up their bottomline. Even though juicy news have their value, knowledgeable buyers do not fall for such information.
Show me the Profit and rising EPS; then only will I buy RIL shares -- says the common investor....
