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Reliance Natural Resources
buy rnrl 1000 target within 3yrs
Posted by :
GuestTracked by: 0 Boarder
buy rnrl with a target of 1000...
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RNRL can go upto Rs 104-108: Bose
Posted by :
abhishek29Tracked by: 2 Boarders
sell your 400 shares @ Rs 112-114 at the end of august and buy the 100 sep CA of rnrl to recover from huge loss....
In reply to:
RNRL can go upto Rs 104-108: Bose
Posted by :
subhasish1907
I bought 400 shares of RNRL @ Rs 237. How long should I hold this to make some money? 
ambani vs ambani to calculus
Posted by : GuestTracked by: 0 Boarder
Khaleej Times Online >> News >> BUSINESS Ambani brothers' fight to get fiercerBy Virendra Parekh (India Monitor)
18 August 2008 Print E-mail
THE fierce corporate warfare between Ambani brothers of Reliance group is no longer a family affair: together, their companies contribute five per cent of India's GDP.
Well, the bad news is that the fight is all set to intensify in the coming months as both of them, backed by powerful friends in a weak government, will spare no efforts to swing policy decisions their way and place their own men in key positions. Their shareholders have so far had no reason to complaint, but that happy state may not last much longer.
For those who can view it lightly, the tussle between the Ambani brothers is no less riveting than any TV serial. As in a well-written thriller, the conflict seems never-ending and the fortunes of the rivals change so quickly that it is hard to tell who is winning.
Right now, all eyes are on Amar Singh, the powerful general secretary of the Samajwadi Party whose support is crucial for the survival of the UPA government. The new power behind the throne is well-known, among other things, for his proximity to the younger brother, Anil Ambani. Amar Singh has given enough signals that he would do his bit to make life difficult for Mukesh Ambani group, while trying to drive some policy changes that would benefit Anil Ambani group.
Of immediate concern to Reliance Industries (RIL), India's largest private sector company, are his demands to levy a windfall profit tax on oil producers and to scrap the export-oriented unit status (which entails substantial tax benefits) of such refineries. While the former would hurt players like Mukesh Ambani's RIL as well as Cairn India and ONGC, the latter is aimed clearly at RIL. His another demand, that FDI should not be allowed in retail trade, is also calculated to reduce chances of a foreign retail giant getting into Mukesh's retail venture and enabling him to de-risk his exposure.
Then there are demands which seem tailor-made to benefit Anil Ambani group. One such demand is that existing telecom operators should pay more for spectrum allocations in excess of 6.2 MHz. This would hit rivals of Reliance Communication (R-Com) like Vodafone and Bharti. As R-Comm is largely a CDMA operator, its spectrum allocation is below that figure. Keeping aside his Socialist pretensions, Amar Singh has kept an open mind on reforms in pension and insurance industries. These could benefit Reliance Capital.
Last month, it looked like advantage Mukesh. Mukesh Ambani's Reliance Industries had succeeded in scuttling the ambitious merger deal between Anil Ambani's R-Com and the South African telecom giant MTN. Anil Ambani wanted to swap his 66 per cent stake in R-Com for a roughly 50 per cent stake in MTN. The $70 billion merger would have created a global top-10 telecom giant stretching from Asia to the Middle East and Africa with a subscriber base of 116 million.
Mukesh, however, claimed that Reliance Industries had the right of first refusal over any sale of shares in his brother's company. R-Com contested the claim as baseless, but faced with potentially messy legal proceedings, in Indian courts notorious for delays, MTN got jittery and walked away. It is possible that the deal would have fallen through even without Mukesh Ambani's exertions. Even then, the fact remains that the row signalled a new low in relations between the feuding brothers.
Rows between the Ambani brothers are nothing new: they share the same magnificent apartment block in Mumbai, but use separate lifts to avoid running into each other. Before they parted company in June 2005, the Ambani brothers signed a family agreement to separate their businesses with Anil taking away new businesses and Mukesh retaining the older ones. The substance of the agreement was announced to the press by their mother Kokilaben Ambani. Later, RIL created a scheme of demerger, and four new companies were created, whose management control handed over to Anil.
The question is: Is this agreement signed between the brothers binding on the companies controlled by them? Anil Ambani has, on more than one occasion, accused Mukesh Ambani and RIL of violating the spirit of the agreement. Reliance Industries on its part has taken a clear stand that it is not bound by any agreement to which it is not a party.
Reliance Industries, however, swears by a set of agreements that it signed with the four companies (Reliance Communications Venture, Reliance Energy Venture, Reliance Capital Venture and Reliance Natural Resources) that were demerged on June 12, 2006 and their management was handed over to Anil Ambani. These agreements included an agreement for supply of gas by RIL to Reliance Energy as also a non-competition agreement. Anil Ambani challenges these agreements, saying they were signed in an unfair manner as the companies were still under RIL's control.
Interestingly, although RIL swears by these agreements including the one on non-competition, it has proceeded to set up gas-based power plants at its SEZ in Maharashtra and entered into a joint venture with Citibank for distribution of credit cards.
This history of relentless one-upmanship is poised to be played out all over again under the new power equations in New Delhi. This time, the fight promises to be bitterer because Anil Ambani is far stronger now than he was in 2005. In the last three years, Anil has made a mark for himself and his confidence in his advisers and close aides is far more today than what it was in 2005. Having a close friend like Amar Singh in such a key position would also boost his confidence.
For both the brothers, stakes are pretty high. Anil Ambani can look forward to real gains if he could swing things his way in the present ruling arrangement. To wit, the Dadri power project in Uttar Pradesh could become a reality if it gets the required supply of gas from Reliance blocks in the K-G basin. He can also hope for additional GSM spectrum for his telecom ventures. And if rivals like Bharti and Vodafone could be made to cough up sizeable extra money for the spectrum that they are already holding in excess of 6.2 MHz, Anil Ambani will have no reason to complain. Finally, an increase in the FDI limit in insurance from 26 per cent to 49 per cent will come as a shot in the arm.
For Mukesh Ambani, the priority will be to contain damage through adverse policy and personnel changes. He would no doubt fight any proposal for levy of a windfall tax on companies that benefit from high oil prices or withdrawal of export oriented unit status to RIL. At the same time, he could also be relied upon to work for freedom from the obligation to offer 40 MMSCMD of RIL's gas production from K-G basin to Anil's companies and permitting foreign direct investment in organised retailing that will enable him to de-risk his retail venture.
The shareholders of both the brothers have been remarkably lucky in that despite the fierce family feud raging between the brothers, they i.e. shareholders have so far had little reason to complain. They have earned handsome returns on their stocks.
However, the spat may have damaged India's reputation as a place to do business. "What's the message? That you have to ask Mukesh's permission before you do a deal?" asked one senior Mumbai banker. "It's not a very mature way of going about things, is it?" Instead of being coming across as captains of industry and community leaders, the brothers tend to be perceived as non-stop fighters. This perception may haunt them in less favourable times.
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rnrl demands 17 billion$ to scrap contrat
Posted by : GuestTracked by: 0 Boarder
I AM SENDING AN ARTICLE U JUST GO THROUGH IT HOW POWERFUL THEY ARE,
AS A GUEST ON 19/08/08...
In reply to:
rnrl demands 17 billion$ to scrap contrat
Posted by : calculus
Pls also ask your local politician how sensitive cases are decided by courts.
If courts really meted out justice then half the Lok Sabha would be behind bars.
about rnrl
Posted by : abhishek29Tracked by: 0 Boarder
buy more at the level of 85-88 in one two days if you can and sell it at 111-113 level within two weeks....
In reply to:
about rnrl
Posted by : Guest
helo i bought rnrl @105/share and it is currently trading at 97.50 should i sell it or i should hold them for a while..
TARGET RS 130
Posted by : ssasikrTracked by: 2 Boarders
i don't think so . its sliping daily it may touch 80 again then one good pull back will be there that will reach 120...
In reply to:
TARGET RS 130
Posted by : Guest
I think you are right...the script will surely touch 128 before this weekend as i got news from reliable resources that the verdict will be in favour of RNRL....They have already started making plans to invest 50K crore in buying iron ore mills in Indonesia and many more projects.
I have also heard that Kokilaben Ambani is in favour of Anil Ambani...
If you guys want to trust...trust it...else just forget it..
www.financeandstockadvice.blogspot.com
Posted by : GuestTracked by: 0 Boarder
all informative data are assembled together for investor upgradations its really great to be there...
TARGET RS 130
Posted by : GuestTracked by: 2 Boarders
I think you are right...the script will surely touch 128 before this weekend as i got news from reliable resources that the verdict will be in favour of RNRL....They have already started making plans to invest 50K crore in buying iron ore mills in Indonesia and many more projects.
I have also heard that Kokilaben Ambani is in favour of Anil Ambani...
If you guys want to trust...trust it...else just forget it.....
In reply to:
TARGET RS 130
Posted by : dalal abhi
what makes it possible?
rnrl demands 17 billion$ to scrap contrat
Posted by : aksharma50Tracked by: 0 Boarder
Rs50000 crore means Rs 306/- per share....
In reply to:
rnrl demands 17 billion$ to scrap contrat
Posted by : Guest
RIL must supply gas or fork out b in cash, ADAG tells court
13 Aug, 2008, 0059 hrs IST, ET Bureau
MUMBAI: Mukesh Ambani’s Reliance Industries (RIL) should fork out billion in cash if it fails to honour its commitment to supply gas to Reliance Natural Resources (RNRL), according to RNRL counsel Mukul Rohatgi.
Mr Rohatgi, while arguing his case at the Bombay High Court on Tuesday, said, RIL is committed to supply 28 million metric standard cubic metres per day (mmscmd) of gas at .34 per million metric British thermal unit (mmBtu) for 17 years to RNRL.
If RIL fails to do so, it will have to compensate with money, he said. The bone of contention between the Ambani brothers lies in the price and quantity of gas to be supplied from RIL’s KG basin gas fields to RNRL, which requires the gas to feed its power plant at Dadri. The case has been adjourned till August 21.
Along with Mr Rohatgi, Ram Jethmalani and Mahesh Jethmalani represented RNRL, while Milind Sathe and Suresh Gupte appeared for RIL on Tuesday. RIL’s counsel Mr Sathe informed the court that RIL did not have enough proven reserves to supply 28 mmscmd of gas to RNRL.
Mr Jethmalani said RIL chairman Mukesh Ambani should be “criminally prosecuted for breach of trust and forgery.” He said: “Anil Ambani resigned from the RIL board on July 18, 2005, and the demerged companies including RNRL were handed over to ADAG on February 7, 2006.
Prior to this, RIL had signed an agreement on January 12, 2006, with demerged companies when they were under its control. This is breach of trust as RIL was acting as trustee for the demerged companies. A trustee cannot sign an agreement to his benefit.”
On the enforceability of the family agreement, Mr Jethmalani said: “There is no dispute on the existence of an MoU or the family agreement. In fact their mother Kokilaben had issued a media statement and it was published by RIL on June 18, 2005.
The RIL board took Kokilaben’s statement on record and decided to reorganise RIL’s businesses based upon Kokilaben’s directions. So, RIL’s claim that MoU is in the private domain and RIL has no knowledge of the contents of MoU and hence MoU not being binding on RIL is not correct.”
RIL counsel Harish Salve had previously argued that the MoU is among the Ambani brothers and that it was “a piece of trash as far as RIL is concerned”.
Mr Jethmalani said: “RIL has submitted wrong affidavit in court saying Mukesh Ambani did not participate in the June 18 board meeting. The minutes of the board meeting showed his presence. In fact, he was the chairman of the meeting. He (Mukesh Ambani) cannot claim that he is not aware of the MoU.
If Mukesh Ambani knows, the entire company knows about it. As per the doctrine of identification, which is well recognised by Indian courts, Mukesh Ambani’s knowledge of the MoU shall be deemed to be the knowledge of RIL.”
Earlier, Mr Jethmalani sought the court to intervene for an expeditious implementation of the demerger scheme which
laid down the details of the gas supply agreement.
“The demerger scheme, which was sanctioned under Section 391 of the Companies Act, is a statutory contract and no court can refuse to implement it. The Act confers very wide and unrestricted powers on the court to supervise and ensure proper implementation of the scheme,” argued Mr Jethmalani.
This was quite contrary to RIL counsel Mr Salve’s submission in court, citing that any directions by the court with respect to the scheme will mean corporate democracy going to the dogs as the court has no jurisdiction in altering the demerger scheme.
about rnrl
Posted by : GuestTracked by: 0 Boarder
helo i bought rnrl @105/share and it is currently trading at 97.50 should i sell it or i should hold them for a while.....
rnrl demands 17 billion$ to scrap contrat
Posted by : calculusTracked by: 0 Boarder
Pls also ask your local politician how sensitive cases are decided by courts.
If courts really meted out justice then half the Lok Sabha would be behind bars....
In reply to:
rnrl demands 17 billion$ to scrap contrat
Posted by : Guest
hello dear court will not see who will gain are who will lose even if the government loses lots of crores rs it dos\\`ent care the court will see only justice if you don\\`nt belive just ask you legal adviser you will know more about justice.
TARGET RS 130
Posted by : dalal abhiTracked by: 2 Boarders
what makes it possible?...
In reply to:
TARGET RS 130
Posted by :
300567
YOU WILL GET THIS BEFORE 21.08.08
rnrl demands 17 billion$ to scrap contrat
Posted by : GuestTracked by: 0 Boarder
hello dear court will not see who will gain are who will lose even if the government loses lots of crores rs it dos\\`ent care the court will see only justice if you don\\`nt belive just ask you legal adviser you will know more about justice....
In reply to:
rnrl demands 17 billion$ to scrap contrat
Posted by : calculus
The govt is siding with MDA. They will lose out on thousands of crores in exise/taxes if gas priced at 2.34. RNRL is likely to lose this case even though it has a better legal position, thiugh hard to prove in court conclusively.
ROCKET STOCK.... VISU INTERNATIONAL LTD at Rs.10.5/-; TARGET 25/-
Posted by : India_bullsTracked by: 0 Boarder
ROCKET STOCK.... VISU INTERNATIONAL LTD at Rs.10.5/-; TARGET 25/-
VISU INTERNATIONAL LTD Trading in BSE & NSE at 10.5/- in B Group. Target 25/- for short term & 35/- for Long Term. Safe Investment at 10.5/-.
See My Last Weeks Call ALPA LABORATORIES AT 21/- reached 30/- Now trading at 25.5/- & RPG Life Science at 30/- reached 43/- Now Trading at 37/- (30% to 40% Appreciation within one week time).
VISU INTERNATIONAL Ltd at Rs.10.5/- is with Good NET PROFIT With EPS 3/- for 2008-09. First Quarter Net profit was 2.88 Crores. Equity 38 Crores, Company Projected EPS for 2008-09 is 4.5/- with Net Profit 16.5Crores. As per This PE only 2. Daily grabbing with Mumbai BIG BIG Bulls because of Now stock is available at very very cheep price at 10/-. The realistic Price was 25/-. Normally Educaional and communications Companies PE will be minimum 10. If we take PE 10 It will come 45/-. Another Possitive point is BOOK VALUE OF THIS SHARE WAS 24.11/-
The company has declared its 1st Quarter results for 2008-2009. Net Sales at 19.85 Crores, Net profit at 2.88 Crores. EPS of 1st Quarter was 0.75 (Annual EPS 3/-). And Company Projections of 2008-2009 Sales and NetProfit.It has Net revenues of the company was Rs 100 crore, Net profits of Rs 16.50 crore, The Projection Annualized Earning Per Share (EPS) at Rs 4.5.
VISU INTERNATIONAL Ltd Considered Amalgamating M/s. Visu Films Pvt Ltd and Visu Communications Pvt Ltd with M/s. Visu international Ltd and De merging Non-Education Division and merging the same with Visu Publication & Media Ltd. AND Approved the Scheme of Amalgamations and Arrangement.
Now, Visu Films Pvt Ltd is making Film starring Brahmanandam. The highlight is that Dr YS Rajasekhar Reddy, Chief Minister of Andhra Pradesh acted in this film as himself.
see the amalgamation benefits of this company insider information to see the co going around 39/- . The realistic price for this stock to be around Rs25/-.
VISU INTERNATIONAL Ltd having own corporate House i.e Visu Corporate House No.6-3-665 in Hyderabad Main Business Center Opp: NIMS HOSPITAL, PUNJAGUTTA, Hyderabad. This is very high Value of this company. And Company having huge land Bank in Hyderabad, planning to acquire more land.
Total Share Capital was 38 crores, Book Value was 24.11/- and Company having High value Corporate House in Business area.
And Profit making Company with 3/- EPS.
Possitive Points for this stock for Up moving:
1) Company doing very good with EPS 3/- PE only 3; Available very cheep at 10.5/-
2) Book Value was 24.11/-
3) Company Having Good Corporate house in Hyderabad Business center and good Land Bank and planning to acquire more land.
4) Company Benefits with amalgamation.
5) Company planning to declare more future plans.
Enter current price at 10.5/- Short term Target 25/- Long Term Target 35/-
Strong Fundamentals. Just Buy at 10.5/- get 100% to 300% Profit.
See My Last 2 Weeks ROCKET STOCKS
1) ALPA LABORATORIES Ltd; at 21/- Reached 30/- Now 25.5/-
2) RPG LIFE Scince at 30/- ; Reached at 43/- Now 39/-
3) COMPAC DISC Recommended at 50/- NOW Trading 75/-
4) POCHIRAJU IND. Recommended at 17/- Now Trading at 23/-
5) Lloyds Steel at 10.5/- Now Trading at 13/-
6) IFCI at 38/- Now Trading at 50/-
Now I am Recommending VISU INTERNATIONAL Ltd; at 10.5/-, With Target of 25/- and 35/-; Its very Valuable Share. The realistic Price was 25/-
Happy Investing...
Bye
BIGBULLS
...
TARGET RS 130
Posted by : 300567Tracked by: 2 Boarders
YOU WILL GET THIS BEFORE 21.08.08...
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