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| Profile Details : | law graduate and former bank officer vrs after 30 yrs .Native of UDIPI, the temple town,temporarily residing in BANGALORE SINCE 2003. now dabbling in ... | ||
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Tracked by: 1 Boarder Avoid reliance above 2000....Posted by : Date :25th Nov, 2009 - 07:24 BSE: Rs 2176.10 ( -0.88 % ), NSE: Rs. 2177.20 ( -0.81 % )CAME ACROSS THE FOLLOWING OBSERVATIONS
There is not much financial information around. The company Lyondell (US based) and Basell (Nethrland based) merged only in 2007 and the combined company is in bankruptcy. Had it been all share deal, things would have been different. I do not like the mergers of two bankrupt companies. That merger has not even consolidated, and this Mukesh is leading RIL into another merger or take over. When Time Inc was in difficulty, it sought the merger with Warner Communications. Every analyst heralded the merger – except me. It then became Time Warner (Like Lyiondell & Basell). The company’s debt sunk into junk status. Then they saw American On Line (AOL) having fastest growth with no assets. They merged to become AOL Tme Warner. When the dotcom busted, they dropped AOL and now it is proposed to be spun off. Mukesh is following exactly same pattern. On one hand, he is turning his own blood and brother into bitter enemy and now seeks to make multiple enemies into best friends. Stupid. Any Indian company making acquisition in USA is bound to fail, because their system of accounting is weird and culture too is complex. The legal system of US generally favor locals – its transparency is sugar coated. My general view is that whoever invested in USA and China ultimately suffered heaviest losses in less than 3 years. Examples: Chevron, Panasonic, Sony, British Airways, etc. From India, Hindalco’s acquisition of Noveilis. Philip Morris after 5 years got out of China, Dairy Farm of Hong Kong also came out of China, Kraft food products, maker of Kraft cheese, does not make enough money in China and it is coming out. Those who want to lose money big time in less than 3 years buy companies in USA and China – and my opinion still stands. Of late, the Mukesh Ambani is making increasing number of strategic mistakes. He does not have US$ 12 Billions, so he will have to borrow extremely large sum from the debt market (when the interest rates are likely to rise dramatically). He has realized that the growth in RIL is now limited, so he is venturing into costly acquisitions. He had never bought a company worth US$ 3 billions, why does he go for $ 12 billions when the USA is in recession, Europe is in recession (company is headquartered in Netherlands) and the interest rates though low now will rise to double digits in no time? I believe that RIL is driven in reverse gears with full speed with no front mirror. GET OUT OF RIL as soon as possible. Mukesh is leading his flagship company to bankruptcy. He has lost focus. There were large amount of forex losses (mostly derivative contracts like CDO or CDS but appear to be concealed in the name of Forex losses – this is why RPl was merged with RIL) ?????????... Tracked by: 1 Boarder ANOTHER DOWN C I R C U I T. .Posted by : Date :25th Nov, 2009 - 06:58 BSE: Rs 8.73 ( 3.80 % )aak sir mention atleast a couple of shares which are sub 100 and good.
Even donating money nowadays is useless for most of it is siphoned away from the orphans, better to utilise it in your vicinity for like children.... Tracked by: 0 Boarder Stoploss of 160 & Short term Target of 193Posted by : Date :25th Nov, 2009 - 06:53 BSE: Rs 164.85 ( -1.58 % ), NSE: Rs. 165.35 ( -1.25 % )Tracked by: 1 Boarder Avoid reliance above 2000....Posted by : Date :25th Nov, 2009 - 06:49 BSE: Rs 2176.10 ( -0.88 % ), NSE: Rs. 2177.20 ( -0.81 % )tallyji
I am as serious as the chief was in making the ridiculous quote... RIL ABIDES BY ALL RULES......IT DOES QUALIFY TO BE THE JOKE OF THE CENTURY for their motto has always been ... BEND IT LIKE BECKHAM... Tracked by: 1 Boarder Avoid reliance above 2000....Posted by : Date :24th Nov, 2009 - 21:24 BSE: Rs 2176.10 ( -0.88 % ), NSE: Rs. 2177.20 ( -0.81 % )Chief,
Q RIL always abides by rules!! UQ This should count as the joke of the century.... Tracked by: 0 Boarder Shiv Sena men would have made `tandoori` of Azmi: Bal ThackerayPosted by : Date :11th Nov, 2009 - 22:20 11 Nov 2009 22:13
MMB CODE OF CONDUCT Posted by : pss5588 View full discussion Dear Moderator, Since u have not bothered to permanently ban boarder HARSHADKETAN inspite of posting his perverted messages I AM OPTING OUT OF MMB GOODBYE... ... Tracked by: 0 Boarder
Addressed to MMB Moderator
Dear Moderator,
Since u have not bothered to permanently ban boarder HARSHADKETAN inspite of posting his perverted messages I AM OPTING OUT OF MMB GOODBYE... |
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