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future of suzlon
Posted by :
tara23
yes atleast in india, some eye wash things are happening like IT raids, settlements, etc unlike in US, where institutions are collapsing and govt printing currencies and circulation...
i invest in such stocks... writing off them as bad debts....
future of suzlon
Posted by : shappy
In our country there are no stringent laws to punish promoters in corporate fraud; we do not know which company is next where fraud will be exposed. Fraud is detected in Austral Coke and Pyramid Saimira.
Many of us have burnt our fingers,
This statement is without any prejudice to Suzlon.
Be that what it may, it is better to stay away from such stocks.
...
future of suzlon
Posted by : shappy
In our country there are no stringent laws to punish promoters in corporate fraud; we do not know which company is next where fraud will be exposed. Fraud is detected in Austral Coke and Pyramid Saimira.
Many of us have burnt our fingers,
This statement is without any prejudice to Suzlon.
Be that what it may, it is better to stay away from such stocks.
...
future of suzlon
Posted by : tara23that may be the reason for the stake sale.....
future of suzlon
Posted by : boysiI would like to know from other boarders whether company will be able to survive in this downtrend in its business cycle. Will it exist after 5 yrs from today. Is current management capable of reviving company future. I have serious doubt about its future....
sell stake in hansen
Posted by : Varner
Instead of adding value to its assets, Suzlon is selling its assets to creat cash, may be for themselves.
Nothing seems to be good,
take your own decision....
14000 Debt--Raises 1735 cr ????
Posted by : rvk41
Dear,
You are correct,Suzlon is struggling to come out of debts,if you are an investor for a L T of 2 to 3 years buy on dips,Patience will pave way for wealth in this scrip,but the decesion should be yours,
with regards
rvk41
...
sell stake in hansen
Posted by :
aloka27
ya sir absolutely :)
but these promoters are keeping their stake to financers which is a concern
regards
alok aggarwal...
14000 Debt--Raises 1735 cr ????
Posted by : shappy
One of the promoter has pledged 2.8 crore shares, thus total shares pledged by the promoter is about 28%
Investors/analysts both are confused about this share whether buy/sell/hold.
In the past people were confused in similar situation in Reliance shares, let us accumulate some qty at every fall and hope for the best.
...
should do well near term
Posted by : bharat in delhiI TEND TO AGREE with your sentiments but as i have been pointing out for last two years,TANTI is playing beyond his aukat and only people like dhirubhai ambani have been successful in doing so.let us hope tulsibhai can repeat the history....
Sell Stake in Hansen by Suzlon
Posted by : shappy
How can a company engaged in converting wind energy to electricity can
incur a debt of 13000 crores, Have they spent on acquisitions for long term growth or siphoned off the money?
...
sell stake in hansen
Posted by : Varner
Yes,
Agree,
I think it be kept in portfolio bought at 50-55 next month....
14000 Debt--Raises 1735 cr ????
Posted by : rvk41
Wind turbine manufacturer Suzlon Energy, which is reeling under nearly Rs 14,000- crore of debt, on Thursday raised about Rs 1,735 crore (pound 224 million) by selling a 35 per cent stake in Belgium-based gearbox maker Hansen Transmissions International BV.
In a press release, Suzlon said its wholly-owned subsidiary AE-Rotor Holding BV completed a secondary placing of 23.6 crore depository interests in Hansen, representing 35.22 per cent of the aggregate voting rights, at 95 pence a depository interest. Hansen’s free float increases from 38.72 per cent to 73.94 per cent.
AE-Rotor Holding continues to own a 26.06 voting right in Hansen. No board changes envisaged in Hansen, according to the release.
Hansen’s shares were down close to 9 per cent on the London Stock Exchange at 105 pence, against Wednesday’s close of 116 pence.
The release quoted Suzlon’s Chairman and Managing Director, Mr Tulsi Tanti, as saying that the company’s acquisition of Hansen (in 2006 for about Rs 2,500 crore) was guided by long-range strategic interests that "we see being delivered today." Since its acquisition, Hansen had added manufacturing capacities.
It quoted Mr Sumant Sinha, Suzlon’s COO, as saying that today’s transaction was an important step towards optimising the company’s debt profile. "We have developed a good relationship with Hansen, hence securing our gearbox supplies for the long term. As the majority shareholder in the company, we will continue to work towards creating even greater value," he said.
Suzlon had appointed BofA-Merrill Lynch and Morgan Stanley as the managers and joint book-runners for the purpose.
In a separate regulatory filing, Hansen confirmed that it was not engaged in any discussions that might lead to an offer for Hansen and was no longer in an "offer period." "We understand that the announcement from Suzlon has brought to an end Suzlon’s evaluation of alternatives regarding its shareholding in Hansen. We welcome the clarity this brings and look forward to resuming normal market communication activities now that the restrictions under the "offer period" have been lifted," it said
For information,with regards
rvk41...
sell stake in hansen
Posted by : aloka27
dear sweetbull
this share is now in downtrend, all good news factored in, hope to see it around 55-60 by month end
regards
alok aggarwal...
