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Hi Be and Make, Thanks for giving information about RPL.What are your views about market trend on tomorrow?...
In reply to:
"UNDERPERFORM" rating to RPL target is 59/- says Merrill Lynch
Posted by :
Be and Make
RPL:
In December merill lynch came with a report on RPL stating it will be a “Underperformer” even it was trading around 73/-.
“Merrill Lynch retains ‘UNDERPERFORM’ rating on Reliance Petroleum (RPL). It has steeply cut Singapore complex refining margins forecast for FY10-FY11E.” RPL’s target price has also been cut by 58% to Rs 59 per share.
RIL:
In the same month it downgraded the price target for RIL by 15% but retained the ‘buy’ rating on RIL targeting the 1555/-
“Merill Lynch has cut its price objective on Reliance Industries (RIL) by 15% from Rs 1,825 to Rs 1,555 based on sum of the parts valuation.”
The cut is relatively modest assuming a weaker rupee, it adds. RIL’s presence in E&P and petrochemicals also helped dilute impact of refining margin cut on RIL.
---
I already gave a report of deustche bank with the same view. In the upcoming weeks/months so many such reports likely to come.
With thanks
Be and make
(source: stockstowin.blogspot.c om)
navaratna status
Posted by : ar_akmPrice when posted : BSE: Rs 70.00 ( -5.66 % ), NSE: Rs. 69.90 ( -5.80 % )
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Hi arunprastsad, Source of information and its benefits to share holders....
In reply to:
navaratna status
Posted by :
arunprastsad
neyveli is going to get navaratna status so accumulate in every dip.
RBI should have immediately .....
Posted by :
raghu_tmPrice when posted : BSE: Rs 39.95 ( -77.69 % ), NSE: Rs. 40.25 ( -77.51 % )
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domain-b dot com/companies/companies_s/Satyam_Computers/20090107_satyam_raju.html...
In reply to:
RBI should have immediately .....
Posted by : myself
acted and frozen all bank accounts of Raju,his sons and immediate family memebers....to protect any investors money that is lying in their accounts.
I think he might have silently transferred funds from Satyam into his pockets and is now coming up with story of no profits for last 7 years.
RBI should have immediately .....
Posted by : myselfPrice when posted : BSE: Rs 39.95 ( -77.69 % ), NSE: Rs. 40.25 ( -77.51 % )
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acted and frozen all bank accounts of Raju,his sons and immediate family memebers....to protect any investors money that is lying in their accounts.
I think he might have silently transferred funds from Satyam into his pockets and is now coming up with story of no profits for last 7 years.
...
buy short term target 90+
Posted by : knpnorthoPrice when posted : BSE: Rs 55.70 ( -14.83 % ), NSE: Rs. 55.40 ( -15.48 % )
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hello, vkk43. it is to meetyou here. Then, what is your view on this stock? i had to take delivery at 58. please write. is not a bad stock ipresume . am i right?
knpnortho...
In reply to:
buy short term target 90+
Posted by : vkk43
I had received 3-4 years back such proposals from India Infoline but I was not interested.
Shame!! Shame!! Price Waterhouse - A Crook Auditing Firm
Posted by : tara23Price when posted : BSE: Rs 39.95 ( -77.69 % ), NSE: Rs. 40.25 ( -77.51 % )
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who was the originator auditor when this over projection of results gotala started. who is the starting auditor.. we know the final one. all along it is PWC by any chance? only raju knows this hidden truths...
In reply to:
Shame!! Shame!! Price Waterhouse - A Crook Auditing Firm
Posted by :
MBMSR
PWC should be barred worldwide. they allowed the birth of this SCAM.
Rather raju & pwc f...ed together to give birth to this SCAM.
GM had a goodnight... if the day was a F...edup for me...
If there was a CNX fraud index just like CNX IT, Nifty
Posted by : tara23Price when posted : BSE: Rs 39.95 ( -77.69 % ), NSE: Rs. 40.25 ( -77.51 % )
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true it has been done by the person who has promoted the company...it is a henious crime. how he could do this is a million dollar question...
In reply to:
If there was a CNX fraud index just like CNX IT, Nifty
Posted by : myself
considering the amount of fraud, it is far ahead of dsq,penta/hfcl...
they are far better and rigged by operators.
Satyam is frauded by the founder itself....
WHAT A SHAME ....... FRAUD RAJU......
WISH YOU SHOULD BE HANGED IN PUBLIC FOR THE SCALE OF THE CRIME.....that is the least that I can think of.
Shame!! Shame!! Price Waterhouse - A Crook Auditing Firm
Posted by : sambalaPrice when posted : BSE: Rs 39.95 ( -77.69 % ), NSE: Rs. 40.25 ( -77.51 % )
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Suffering entitles you more to the Grace of the Lord.
When suffering comes in waves, one behind the other,
be glad that the shore is near, bear them bravely.
Like cowards, do not throw the blame on some outside power
or develop dislike for the Lord.
...
In reply to:
Shame!! Shame!! Price Waterhouse - A Crook Auditing Firm
Posted by : sambala
TR Prasad, other Satyam directors blame PwC
MUMBAI: A “shocked” T R Prasad, one of the independent directors on the board of Satyam Computers and a former Cabinet Secretary of India, said none of the independent directors were aware of the accounting fraud in India’s fourth largest software company.
“We had trusted the audited results prepared by PricewaterhouseCoopers. We did not see any reason to suspect that the books were manipulated,” Prasad told ET from Vizag.
Prasad says he would not resign from the board and would instead try to steer the company back on the rails. “The board is meeting on schedule and I do not mind an early board meeting to sort out all the issues.”
Four of the independent directors had resigned from Satyam board in December’s last week. On December 26, Mangalam Srinivasan, a US-based independent director had quit Satyam board taking moral responsibility for the jinxed Maytas deal. Three days later, Harvard Professor, Krishna G Palepu, Vinod K Dham, the father of the Pentium, and Indian School of Business dean, M Rammohan Rao resigned.
Incidentally, all independent directors had “unanimously” decided to merge the Raju-owned real estate and infrastructure firm with Satyam Computers on the ground that the margins in real estate businesses were higher than software business. M Rammohan Rao had, in fact, chaired the meeting which had cleared the merger.
Prasad said today that he was surprised to receive the resignation letter from Raju and he is “shocked” by the revelations that the company had understated its assets. “The independent directors were kept in the dark and we had trusted the company’s auditors,” Prasad said.
When contacted, independent directors across corporate India, however, said Satyam’s board members cannot be absolved of their responsibility as they had fiduciary duties towards the minority shareholders. Y P Trivedi, a independent director on the board of Reliance Industries and a noted corporate lawyer, said such directors have a greater responsibility towards other shareholders other than the promoters. “If it is proved that the independent directors were aware of the accounting fraud... then they can be prosecuted under several provisions of the companies act,” he said.
Shailesh Haribhakti, an independent director, said the Satyam issue would raise questions over the credibility of Indian corporates in front of foreign investors. “The Satyam issue would raise the corporate governance standards followed by the Indian corporates... This issue has dented our credibility and we are shocked by this letter sent by Mr Raju,” said Haribhakti.
Lawyers say both civil and criminal action that can be initiated against the directors. The Company Law board, the shareholders and the Securities and Exchange Board of India can initiate separate legal actions, both civil and criminal.
Shame!! Shame!! Price Waterhouse - A Crook Auditing Firm
Posted by : sambalaPrice when posted : BSE: Rs 39.95 ( -77.69 % ), NSE: Rs. 40.25 ( -77.51 % )
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TR Prasad, other Satyam directors blame PwC
MUMBAI: A “shocked” T R Prasad, one of the independent directors on the board of Satyam Computers and a former Cabinet Secretary of India, said none of the independent directors were aware of the accounting fraud in India’s fourth largest software company.
“We had trusted the audited results prepared by PricewaterhouseCoopers. We did not see any reason to suspect that the books were manipulated,” Prasad told ET from Vizag.
Prasad says he would not resign from the board and would instead try to steer the company back on the rails. “The board is meeting on schedule and I do not mind an early board meeting to sort out all the issues.”
Four of the independent directors had resigned from Satyam board in December’s last week. On December 26, Mangalam Srinivasan, a US-based independent director had quit Satyam board taking moral responsibility for the jinxed Maytas deal. Three days later, Harvard Professor, Krishna G Palepu, Vinod K Dham, the father of the Pentium, and Indian School of Business dean, M Rammohan Rao resigned.
Incidentally, all independent directors had “unanimously” decided to merge the Raju-owned real estate and infrastructure firm with Satyam Computers on the ground that the margins in real estate businesses were higher than software business. M Rammohan Rao had, in fact, chaired the meeting which had cleared the merger.
Prasad said today that he was surprised to receive the resignation letter from Raju and he is “shocked” by the revelations that the company had understated its assets. “The independent directors were kept in the dark and we had trusted the company’s auditors,” Prasad said.
When contacted, independent directors across corporate India, however, said Satyam’s board members cannot be absolved of their responsibility as they had fiduciary duties towards the minority shareholders. Y P Trivedi, a independent director on the board of Reliance Industries and a noted corporate lawyer, said such directors have a greater responsibility towards other shareholders other than the promoters. “If it is proved that the independent directors were aware of the accounting fraud... then they can be prosecuted under several provisions of the companies act,” he said.
Shailesh Haribhakti, an independent director, said the Satyam issue would raise questions over the credibility of Indian corporates in front of foreign investors. “The Satyam issue would raise the corporate governance standards followed by the Indian corporates... This issue has dented our credibility and we are shocked by this letter sent by Mr Raju,” said Haribhakti.
Lawyers say both civil and criminal action that can be initiated against the directors. The Company Law board, the shareholders and the Securities and Exchange Board of India can initiate separate legal actions, both civil and criminal.
...
In reply to:
Shame!! Shame!! Price Waterhouse - A Crook Auditing Firm
Posted by : sambala
PwC ‘did’ Satyam, GTB
Hyderabad, Jan. 7: Both Satyam Computers, whose chairman, Mr Ramalinga Raju revealed a Rs 7,000 crore fraud, and Mr Ramesh Gelli’s Global Trust Bank, which collapsed in 2004 after fudging figures, had Pricewaterhouse Coppers, one the biggest accounting firms in the world.
PwC turned a blind eye to Satyam’s financial irregularities to inflate cash reserves, operating margins and understate liabilities. PwC said it would not comment on the fraud at Satyam saying “We are not commenting further on this subject due to issues of client confidentiality.”
In GTB case, PwC had shown fewer non-performing assets, making the bank seem stronger than it was. Regulatory authorities have started investigating PwC which could face a an in India for up to 10 years.
Shame!! Shame!! Price Waterhouse - A Crook Auditing Firm
Posted by : MBMSRPrice when posted : BSE: Rs 39.95 ( -77.69 % ), NSE: Rs. 40.25 ( -77.51 % )
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PWC should be barred worldwide. they allowed the birth of this SCAM.
Rather raju & pwc f...ed together to give birth to this SCAM.
GM had a goodnight... if the day was a F...edup for me......
In reply to:
Shame!! Shame!! Price Waterhouse - A Crook Auditing Firm
Posted by : tara23
playing with the emotions/lives of so many innocent employees and share holders...if there was any short of profit.../loss he should have admitted and published initially only. he waited until it amounted to unmanageble levels. things were totally inorder and not in order
If there was a CNX fraud index just like CNX IT, Nifty
Posted by : myselfPrice when posted : BSE: Rs 39.95 ( -77.69 % ), NSE: Rs. 40.25 ( -77.51 % )
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considering the amount of fraud, it is far ahead of dsq,penta/hfcl...
they are far better and rigged by operators.
Satyam is frauded by the founder itself....
WHAT A SHAME ....... FRAUD RAJU......
WISH YOU SHOULD BE HANGED IN PUBLIC FOR THE SCALE OF THE CRIME.....that is the least that I can think of.
...
In reply to:
If there was a CNX fraud index just like CNX IT, Nifty
Posted by : tara23
it is in the ranks of dsq/pentamedia and hfcl
If there was a CNX fraud index just like CNX IT, Nifty
Posted by : tara23Price when posted : BSE: Rs 39.95 ( -77.69 % ), NSE: Rs. 40.25 ( -77.51 % )
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it is in the ranks of dsq/pentamedia and hfcl...
In reply to:
If there was a CNX fraud index just like CNX IT, Nifty
Posted by : myself
then satyam wuld get 100% weightage on the index.
It is not a IT company anymore...
Just a fraud company and can only be included in Fraud indexes.
If there was a CNX fraud index just like CNX IT, Nifty
Posted by : myselfPrice when posted : BSE: Rs 39.95 ( -77.69 % ), NSE: Rs. 40.25 ( -77.51 % )
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then satyam wuld get 100% weightage on the index.
It is not a IT company anymore...
Just a fraud company and can only be included in Fraud indexes....
NSE To Remove Satyam Computer Services Limited from Nifty
Posted by : myselfPrice when posted : BSE: Rs 39.95 ( -77.69 % ), NSE: Rs. 40.25 ( -77.51 % )
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Reuters reported that National Stock Exchange said it will remove Satyam Computer Services Limited from its S&P CNX Nifty 50-share index from January 12. Anil Ambani-group firm Reliance Capital Ltd will replace Satyam in the main index, the exchange said in a statement. Satyam will also be excluded from the CNX 100 index, CNX 500 index and the CNX IT index....
NYSE halts trading in Satyam Computers
Posted by : myselfPrice when posted : BSE: Rs 39.95 ( -77.69 % ), NSE: Rs. 40.25 ( -77.51 % )
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NYSE on Wednesday halted trading in Satyam Computers(SAY) depository receipts in the opening trading session at
the exchange.
"The NYSE will halt trading in SAY today at the opening in New York for news dissemination and trading will be halted on our European markets, too", an exchange official said in an emailed communication to queries sent by the Economic Times.
"NYSE Euronext is monitoring the situation closely, including the latest developments,"
The spokesperson said the Exchange would issue a detailed statement on the Satyam issue later. Meanwhile, the ADR in a pretrading session declined by 91%.
The spokesperson later told over phone that trading on a security can be halted on the exchange till the time any "big news" is evaluated. He said no decision had been taken on whether trading would be allowed on Thursday.
The move follows Satyam Computers chairman Ramlinga Raju admitted to doctoring of books to show inflated profits.
Last quote for satyam is a whopping 1 CENT.................. OTC ...
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