Its absolute suicidal in Global Financial Market. I prefer to cite two examples :-

1. One Day One Citi Bank agrees to buy Wachovia for 2.1 B USD and makes a statement that Citi is buying Wachovia under the influence of FDIC , US Govt. and will bear MTM loss upto 42 B USD and FDIC , US Govt will make good for any MTM loss above 42 B USD.

Two Day later Wells Fargo (Where Warren Buffet is Huge Shareholder) makes an offer to buy Wachovia @ 16B USD and seek No FDIC, US Govt assistance.

Next Day Citi Bank files for Loss of 20 B USD and damages of 40 B USD a total of 60 B of loss as perceived by Citi Bank.

And I thought Citi is lucky to get out of mess and has actually saved its 42 B USD as loss which it undertook with Wachovia deal under the influence of FDIC, US Govt.!!!!!!

So This is the way valuations are made in credit market in present times.


2. Lehman Bros Mortgage Bond papers were auctioned @ below 9 cent to a Dollar; and these papers are insured for payment in case of default!!! .

What This mean ? I think it suggest that the buyer will get 6 -7 percent PA interest on 1 Dollar and will get its 1 Dollar back during contracted period. Afterall all these papers are guaranteed against defaults!!!

This means 6 cent PA interest on the investment of 9 cents and return of 100 cents over contracted period against the investment of 9 cent. !!!!!

Solution would have been to let Insurance Companies go bust. This would have given a clear massage to bondholders that they must wait for the contracted period and get their EMI as it comes and as contracted and agreed when they made investment, or else they too have liberty to sell out at 9 cent to a dollar.

To my judgment all would have stayed. and this credit crisis would have averted.

Now Stock Market: It is now coming back to its old days of average PE multiple of 10 for the time being. Besides now onward US economy will not be the same as it was and there will be contraction in Global Economy for sure. They (US ) will have less credit and hence less consumption. Now it’s the rest of the world’s time to enjoy the credit and economic expansion after few months or quarters.

Regarding Govt Of India actions : They are totally out to sabotage the Growth , but its buoyancy of Inherent Indian Economy and its entrepreneurs that is creating lots of tension to our FM and RBI.
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Hi, Bravo , Our FM was very sad when sensex used to get a new high.

I mentined what will he do when it will crack , Now this is the time it is cracking and people are selling like no tomorrow.

Understand this is dead men\...

Hi, Bravo , Our FM was very sad when sensex used to get a new high.

I mentined what will he do when it will crack , Now this is the time it is cracking and people are selling like no tomorrow.

Understand this is dead men\\\\`s selling. Buy good Company which pay regular dividend and investor need to be in Business.

People are hoarding cash , I dont understand what they will do with cash?? But this is what it is today !!!!

and when they will wake up , they will find piles of cash in their hand and no place to invest!!

Investment in USA and Europe is now out of question , what is left in global economy which can give good business and return !! China and India where 40% of Global Population lives.

India have wonderful accounting system but its promoters are very greedy , They dont pay dividends barring this Idia is fine place.

China , well everything is controlled and you really cannot stand by for the authenticity of its accounts.

Buy India........ for Lonf Term ; You may get lower price but I wonder if you can get the quantity........

Companies having FCCB maturing in 2008 or in 2009 may need to worry , but why should the companies where FCCb is maturing after 2009 need to worry.

Dont worry its sell off by dead man\...

Their Annual Report , Their monthly news letter are all very much same and frustratingly repitative.

They really have nothing to show real progress ? Their Kinfra project was scheduled to commence operation by May 2007 but is still work in progress ...

They are absolutely silent on the performance of their previous animantion pictures...

They sold land and their balance sheet is not showing anything in other income ?

I wonder how they could not manage good profit from sale of land in this market where despite fall in land prices people make money in land bought 2 years back .. and their profit is inclusive of LTCG on land sale.

They sold IP right for 7 cr. and yet they have only 7 odd cr to report as NP in 1st qtr?

There is lot hidden than apparant .... If management choose to clear the doughts.......

yep there is provision for buy bak and board is authorised to buy back as and when from secondary market. upto at Rs.350/- a share

In fact its a route to jack up promoters holding by using shareholders money. besides there is no guarantee that they will buy they may or they may not.

Since this is now a good cash generating company I have every reason to believe that they will buy. Now that they still have huge stake which is good enough for total control I suspect given their past performance , they will not buy by raising stock price.

This is a family run business and obviously they will not spend un necessary money on so called professional managers , Its imp to mention that by nature I am all against these so called highly learned professional manager coz they dont respect your money , all they care is how to get rich themselves and run corporate ladder. Thet are taught this way only.

I was talking about the promoters , they are respectable family in business , I hope they do not compete with the nature and likes of essar group. ...

Its really very absurd to say that I am making almost Rs65/- per share in cash but I will not pay more than Rs.2/- per share as dividend.

Besides its treating minority shareholders as if they are beggers.

I have more than 1250 shares and I am willing to donate the dividend receivable from Jindal Poly for the benefit of management; claim it to get it , I think Management needs resorces for future investment.
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Are\\`nt they gonna BUY BACK the shares which in other words will boost the per share earnings? Yes..True their dividend pay is so little. But I checked the latest annual report and the executives are also not paid well or the management isnt taking lot of money. Maybe they want to save money to expand their capacities and invest in Jindal India Powertech...