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Bharti airtel near term range could be 180-270....
Posted by :
tara23Price when posted : BSE: Rs 275.80 ( -4.48 % ), NSE: Rs. 275.25 ( 0.00 % )
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already lot .. has happened... .. will have to wait and see...
In reply to:
Bharti airtel near term range could be 180-270....
Posted by :
puneet516
More crash on cards.....250 may be by today or tommorow. Telecom sector to be crashed very soon....just stay away even 150-170-180 possible in 1 month. 
Heading
Posted by : LEO THE LIONPrice when posted : BSE: Rs 172.30 ( -1.85 % ), NSE: Rs. 172.50 ( 0.00 % )
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thats great...........!
which field/sector....?...
In reply to:
Heading
Posted by : tara23
i am unfortunately working presently :-)
180 to 190 near term
Posted by : radhika_nandlalPrice when posted : BSE: Rs 166.20 ( 4.99 % ), NSE: Rs. 166.60 ( 0.00 % )
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LTL
LOL means laugh out loud...
In reply to:
180 to 190 near term
Posted by : LEO THE LION
yeah the eternal!
what is this LOL?
LyondellBasell: premature to talk of valuations
Posted by : iinvestrPrice when posted : BSE: Rs 2195.50 ( 3.31 % ), NSE: Rs. 2194.95 ( 0.00 % )
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There seems to near-consensus that Reliance Industries Ltd (RIL) has offered between USD 10 billion (Rs46,500 crore) and USD 12 billion for a controlling stake in LyondellBasell Industries AF S.C.A.
But since the target company is still to emerge from Chapter 11 protection, it’s too premature to talk of valuations.
LyondellBasell had a total debt of USD 27.5 billion at the end of June 2009. If the equity has been valued at, say, USD 10 billion, then that would translate into an enterprise value of USD 37.5 billion, which is frightfully expensive for a company that had an annualized Ebitda of USD 2.24 billion in the first nine months of this calendar year.
Ebitda, in LyondellBasel’s case, represents earnings before interest, tax, depreciation, amortization and restructuring charges. According to a recent HSBC report, the average enterprise value/Ebitda multiple for the region in which LyondellBasel operates is 8.7.
The valuation of between USD 10 billion and USD 12 billion couldn’t possibly be the enterprise value either. Within the total debt of USD 27.5 billion, liabilities that aren’t subject to compromise themselves amount to USD 15.5 billion. Liabilities that aren’t subject to compromise represent liabilities that are secured by collateral, and have priority over liabilities that are subject to compromise. It’s far from clear how much of the debt would remain on the books after the reorganization of the company that is under way is complete. And that’s simply why it’s premature to talk of the deal’s valuation.
livemint. com/2009/11/23221218/LyondellBasell-premature-to-t.html?h=A2...
180 to 190 near term
Posted by : LEO THE LIONPrice when posted : BSE: Rs 166.20 ( 4.99 % ), NSE: Rs. 166.60 ( 0.00 % )
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yeah the eternal!
what is this LOL?...
In reply to:
180 to 190 near term
Posted by : radhika_nandlal
Leo the Lion and Hobbes the Tiger will be around post 2012.
LOL
RIL faces Sebi notice over probe
Posted by : iinvestrPrice when posted : BSE: Rs 2195.50 ( 3.31 % ), NSE: Rs. 2194.95 ( 0.00 % )
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Company asked to explain why it should not be barred from trading, raising funds from capital market
As part of a continuing probe, stock market regulator Securities and Exchange Board of India, or Sebi, has asked Reliance Industries Ltd, or RIL, to explain why it should not be prohibited from buying and selling listed securities, accessing capital markets, or be asked to cough up profits of Rs513 crore it had made allegedly from insider trading in the shares of Reliance Petroleum Ltd, or RPL, a subsidiary that has since been merged into RIL.
RIL denied any wrongdoing.
The latest missive from Sebi, dated 8 October, pertains to a two-year-old case in which 12 entities allegedly executed transactions at the behest of RIL in violation of insider trading norms.
Mint had reported on 6 May that the first show-cause notice had been sent to RIL, asking it to explain transactions by 12 entities that had participated in a three-month rally that had pushed RPL’s stock to an all-time high of Rs295 on 1 November 2007.
The peaking of RPL share prices was accompanied by a huge build-up of `open interest`—outstanding position of traders in the futures and options market—in its shares. Five days later, the National Stock Exchange banned derivative trading in RPL as open interest in the stock crossed the threshold level of 95% of market-wide position. The ban was lifted in end-November, but by then RIL had announced that it had sold 180.4 million shares of RPL, representing 4.01% of the firm’s equity, for Rs4,023 crore and the outstanding positions had reduced considerably. In early 2008, Sebi began investigating these transactions—a process that led to the show-cause notice.
In a separate and independent investigation related to the same issue, reported by Mint on 20 March, the income-tax department was also looking at possible tax aspects relating to the trading by the 12 entities—ones that RIL had acknowledged to be its `agents` which paid back the entire sale proceeds net of commission and the company had duly accounted this income in its accounts for 2007-08.
livemint. com/2009/11/23180211/RIL-faces-Sebi-notice-over-pro.html?h=A1...
Lyondell debt a concern
Posted by : iinvestrPrice when posted : BSE: Rs 2195.50 ( 3.31 % ), NSE: Rs. 2194.95 ( 0.00 % )
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In an initial thumbs up to Reliance Industries, which placed a non-binding cash bid for a controlling interest in LyondellBasell last week, its shares went up 3.3 per cent on the Bombay Stock Exchange and closed at Rs 2,195 today. RIL had jumped 4 per cent to an intra-day high of Rs 2,205.
However, industry players and analysts say it would not be a cakewalk for the largest private sector company of India.
Analysts are cautious about the deal due to debt on LyondellBasell’s books. The world’s third largest independent chemical company has a current debt of about USD 19 billion and is trying to emerge out of bankruptcy proceedings. It filed for Chapter 11 bankruptcy protection in January 2009. Also, the deal could be expensive considering that the company could attract interested bidders from China or Russia.
The acquisition is said to be around USD 10-12 billion.
business-standard. com/india/news/lyondell-debtconcern/377442/...
Bihar govt issues legal notice to RIL
Posted by : iinvestrPrice when posted : BSE: Rs 2195.50 ( 3.31 % ), NSE: Rs. 2194.95 ( 0.00 % )
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Annoyed over Reliance Industries` (RIL) alleged lackadaisical attitude in fulfilling the terms and conditions under which it was awarded the contract for reviving a state-run sugar mill, the Bihar government has issued a notice to the Mukesh Ambani-led firm.
`SBI Caps, the agency entrusted by the state government, has sent the notice to RIL asking it to comply with the terms and conditions laid down for awarding the contract within 15 days, failing which, the contract will be cancelled for fresh tenders,` state minister for sugarcanes Gautam Singh told PTI here today.
Singh said RIL was awarded the contract to revive the sugar mill at Motipur in Muzaffarpur district last year and it deposited Rs 5.75 crore as security deposit for the tender.
RIL spokesperson could not be contacted for comments.
RIL was required to deposit half of around Rs 45 crore estimated for handing over the state-run mill to it for revival and expansion within three months of the winning the contract, the minister said.
`Mukesh Ambani`s firm has so far failed to deposit the money and therefore SBI Caps, following our instructions, has sent a legal notice asking the firm to comply with the agreement within 15 days, failing which, we will be constrained to cancel the contract and process for the tender afresh,` Singh said.
He, however, said the government would not be harsh in its approach and it would consider doing the needful once RIL`s reply to the notice was received.
business-standard. com/india/news/bihar-govt-issues-legal-notice-to-ril/79003/on...
Downgrade possible if financial metrics of RIL-LyondellBasell weaken: Moody’s
Posted by : iinvestrPrice when posted : BSE: Rs 2195.50 ( 3.31 % ), NSE: Rs. 2194.95 ( 0.00 % )
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Following Reliance Industries Ltd`s announcement of its preliminary non-binding cash offer to acquire a controlling interest in
LyondellBasell Industries, Moody’s Investor Service has said that it has not considered any rating action since the deal is in its preliminary stages. ( Watch )
However, it added that the company’s rating could be downgraded if the financial metrics of the combined entity weaken.
`Moody`s is not taking any rating action at this stage since the offer is preliminary and non-binding and it is subject to due diligence,` said Ivan Palacios, a Moody`s AVP/Analyst, adding, `Moody`s will give a more detailed response if and when the transaction materializes after the due diligence process.`
To the extent a transaction takes place, Moody`s will consider a range of key issues which may have an effect on RIL`s business and financial profile. These include the 1) funding structure for the transaction and the resulting financial profile, 2) business and operating profile of the combined entity, 3) potential integration challenges, 4) group`s long-term financial strategy, and 5) assessment of RIL`s growth strategy and other strategic initiatives that could emerge over the medium term.
Moody`s notes that RIL`s current Baa2 rating is supported by its moderate financial leverage (Debt/EBITDA of 2.5x as of LTM September 2009, as reported by the company), strong liquidity profile, and expected earnings growth from its new refinery and natural gas sales.
As of September 2009, RIL had around USD 4.2 billion of cash and liquid investments and around USD 8 billion in treasury shares. If liquidated, these could provide the company with significant resources to fund a potential deal without materially impacting its financial metrics.
`However, depending on the total size of the deal and whether or not the acquisition is to be majority debt funded, it could result in downward pressure on RIL`s current Baa2 credit rating,` said Palacios.
The rating could be downgraded if the financial metrics of the combined entity weaken such that its RCF/Debt drops below 20 per cent and EBIT/interest coverage falls below 4x on a consistent basis.
Moody`s last rating action on RIL was taken on 2 March 2009, when the rating agency affirmed RIL`s Baa2 ratings with a stable outlook, following the announcement of RIL`s merger with its subsidiary, Reliance Petroleum Ltd.
economictimes. indiatimes. com/News/News-By-Industry/Energy/Oil-Gas/Downgrade-possible-if-financial-metrics-of-RIL-LyondellBasell-weaken-Moodys/articleshow/5260950.cms...
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if you put your money for a month and if you get 10% return and may be up to 20 % whats wrong in it.So right decision of being invested in this IPO...
Bharti airtel near term range could be 180-270....
Posted by : puneet516Price when posted : BSE: Rs 275.80 ( -4.48 % ), NSE: Rs. 275.25 ( 0.00 % )
Tracked by: 0 Boarder
More crash on cards.....250 may be by today or tommorow. Telecom sector to be crashed very soon....just stay away even 150-170-180 possible in 1 month. ...
In reply to:
Bharti airtel near term range could be 180-270....
Posted by : tara23
may stop at 249... in my view.... do not think anything other than that..
Bankers cautious as RIL bets big
Posted by : iinvestrPrice when posted : BSE: Rs 2195.50 ( 0.00 % ), NSE: Rs. 2194.95 ( 0.00 % )
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Mukesh Ambani, the richest Indian and chairman of Reliance Industries, is dreaming one of the biggest-ever deals by an Indian
entrepreneur. Will he stand out or will he join the club of Vijay Mallya, Ratan Tata, Kumar Mangalam Birla and Tulsi Tanti of Suzlon who burnt their fingers with global acquisitions?
As Reliance sets out to make the second-biggest acquisition by an Indian firm, the mood among bankers, who peddle deals, and analysts is one of caution.
`Corporates moving overseas is the right thing. But they need to be selective,` says Uday Kotak, a consummate dealmaker and executive vice-chairman of Kotak Mahindra Bank.
Perhaps carried away by the globalisation hype during the five years of stock market rally till 2008 January, Indian companies such as Suzlon, Tata Motors, Ranbaxy Laboratories took billions of dollars in debt to buy international companies. Most of them are now struggling to repay the mounting debt with some even selling family jewels to stay afloat.
In 2006, Tata Steel acquired Anglo-Dutch steelmaker Corus for USD 12.2 billion. The deal catapulted Tata Steel to the fifth position in the global pecking order of steel producers, but the group is struggling with the mountain of debt. In the following year, Hindalco, the flagship of Aditya Birla Group, took over Canadian firm Novelis for USD 6 billion. Its position is no different from the Tatas.
Some prestigious acquisitions followed — United Spirits’ takeover of White & Mackay and Tata Motors’ purchase of Jaguar Land Rover. `Some of these acquisitions were done at the peak of the valuation cycles, which made them difficult to justify. More importantly, the global recession made these businesses unviable in the short term,` says the CIO of a leading foreign fund, who did not want to be named.
Reliance has its own set of lessons learnt from the past. In 2004, Reliance acquired Trevira, a German textile firm, for about e80 million. In June this year, Trevira applied in a German court to start insolvency proceedings.
But, experts feel that the ability of acquisitions to sustain business cycles is important. Citing the case of Suzlon’s acquisition of REpower and Wockhardt’s overseas acquisitions, one banker said there were some cases where Indian promoters embarked on aggressive acquisitions that were beyond their ability to digest.
`These acquisitions were made at the peak of their valuations. The subsequent global downturn made the entire business case more difficult as they had not factored the downturn, which made financing costlier,` the banker added.
Experts say acquisitions also need to be viewed through the prism of strategic rationale and over a longer term horizon to be labelled as successes or failures. `It would be a mistake to judge the success of a large acquisition over the short term as the market typically does. Industrialists’ are looking at the impact over decades, whereas the market is only looking at the next two to three years,` said Frank Hancock, managing director, head of M&A, India if Barclays Capital.
Ashok Wadhwa, managing director of Ambit Corporate Finance, for instance notes that United Spirit’s decision to acquire White & Mackay for USD 1.1 billion gave it the much needed stock of old Scotch Whiskey. `The acquisition has given it (United Spirit) the ability to bring these brands to India, which will have huge accretive impact on the company,` said Mr Wadhwa.
Sanjay Agarwal, managing director of Deutsche Bank (investment banking) said the pay back period of these acquisitions has increased because of the unexpected recession in the west. India Inc needs to weather this downturn, as in the long term he deals will be financially accretive and viable propositions.
economictimes. indiatimes. com/News/News-By-Industry/Energy/Oil-Gas/Bankers-cautious-as-RIL-bets-big/articleshow/5262481.cms...
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Can You pls check Atul Ind .
I made my token buy in it last month .
ps :
poorfellow has given a summary in a reply to me .
sd3.....
In reply to:
query
Posted by : nadhi
Dear sd3,
Forget market and forget scogen report. Enjoy your trip. All the best.
Regards
Nadhi
A RIL spokesperson says the firm has not violated any regulations
Posted by : bhusbhacPrice when posted : BSE: Rs 2195.50 ( 3.31 % ), NSE: Rs. 2194.95 ( 3.37 % )
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This transaction relates of Novermber, 2007 and an initial notice from SEBI in April, 2009 followed by some ammended notice in October, 2009.
Today it is 24th November, 2009.
This matter was in parliament. There is a case of warring brothers. Personal animosity cannot be discounted. The TIMING of this news seems to suggest a widespread rumour mongering and it should also be SEBI`s task to look into this matter from this angale as well. I suppose this might lead to some huge ripples in the entire stock market and not just against RIL which is just a matter of a profit of some Rs 500 crores.
For this 500 crores whether we are prepared to damage lakhs of crores should be an interesting topic and massive role to be played by the government of this nation....
In reply to:
A RIL spokesperson says the firm has not violated any regulations
Posted by :
akkbatra
bhusbhac,
its not october matter. its april matter. many rpl holders had complained en-mass about 4% rpl stake sell at by mukesh & who should know better than you great 24 by 7 chemical locha that mukesh like true son of dhirubhai and elder brother of that crook anil, merged it with ril & made two more kills.. एक तीर से दो शिकार .. on one hand he pacified rpl share holders with bonus lollypop & on other buried huge rpl forex losses under merger carpet. but its settled now. u dont worry. be blind as always.
PELCON IS E-LEARNING PLATFORM OF GLODYNE
Posted by : sameernicsPrice when posted : BSE: Rs 370.05 ( 4.79 % ), NSE: Rs. 368.65 ( 4.63 % )
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Its one of the key high potential areas, where Glodyne could leave its foot prints in project management services through e-learning model.
PELCON, Project Excellence Learning & Consultancy Center is a training and consultancy division of Compulink. PELCON is a recognized provider registered with the PMI USA Registered Education provider Program (PMI R. E.P) Global. PELCON has trained more than 5000 professionals in last five years.
PELCON Team of professionals has served leading organizations in the areas of Information Technology, ITES/ BPO, Banking & Finance, Education, Healthcare, Telecommunication, Pharmaceutical and Engineering sectors.
PELCON was set up in 2002 as the training and consulting division of Compulink Systems Limited. PELCON helps organizations adopt project management practices that will deliver better managed and more profitable projects. PELCON is committed to building a worldwide contributory community of Project Managers. PELCON works with organizations in all the areas that impact the success of your project management efforts - training, establishing a Project Management Office and usage of the appropriate tools.
PELCON is a recognised provider registered with the PMI Registered Education Provider Program (PMI R. E. P) Global. PELCON has consistently grown since its inception. Its customers include who`s who of the industry including Accenture, HCLTechnologies, HCL Infosystems, Kanbay Software, Tata Technologies, P&O Nedlloyd IT Services Pvt Ltd, Sky Tech Solutions and many more.
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