Adani Enterprises Limited FPO Message Board (Page 4)

New OFS : Hind Zinc within next 30 days - DIPAM
CMP : 343

NSE Puts Adani Enterprises, Adani Port, Ambuja Cement under ASM framework

This will mean intraday trading will also require 100% upfront margin

This will likely curb a lot of speculation and short selling.

@ CB brother,

You have asked for my opinion as to the ' Age old sandal tree' .I am not in a free mood to take this at this point of time.However, as you have asked for , I can't deny.
In the said trunches , I tried to give information about the company, outlook of the promoter etc etc. But I didn't give any price target etc as because I am not endowed with that sense of forecasting , as I know that price of anything is a function of the sentiment of the investing population in the market which is subject to time qualification.
I am going to put some material information and reason as per my sense so that an individual can take his decision as per his understanding.

At the outset, I give a disclaimer that I have a pile of 453 shares at an average cost of Rs 616/-

Now points to consider :

1. At the time of the ipo, it was known from the rhp that eps and bv of this share are Rs 4 and Rs 12.01respectively. Then how the price was floated to be 2100 and subsequently reduced to 950? . With this fundamental, a psu can't ask for a price of more than 60.The concerned rhp is the worst I have ever seen which failed to bring to light the real strength of the company and more engaged in ventilating the economic prospect of the country and related data
2.Now, if anybody argues that it is a 50 to 60 rupees stock and Govt has cheated , I have nothing to argue about.
I have given my study about the company in the 3 - 4 trunches which I still stick to.
3. So,the problem begins with the rhp and multiplied by some casual comments after ipo by the company and Govt personal. They passed comment that people failed to understand its valuation and price of the share will do when people understand it. Then the relevant question is what you have done to make people understand the value. Nothing as yet .
4.More interestingly, one and all experts in all the houses, experts in the media advocated for subscribing this ipo. What value did they find in the rhp ?

5.Now take a glimpse of the related news after listing of the ipo.
A) It is the only indian company ever in the list of Fortune 100 global companies. Though the Reliance made a 54 point jump in this year , it remains in the list of 500 .
Reliance is found in the Forbes 100 list but LIC not as because Forbes was out on 12/5 before listing of lic.
B) In the last quarter result, lic has made a Rs15000 cr profit while last years yearly profit was Rs7000cr..It envisages for a book value addition of Rs 24
for the last quarter. In the June quarter addition in this count was Rs 9
So, bv addition in the last two quarter is 33 while first two quarter in LI sector remain low performing.
C) Some one and a half month ago , one news came in the media through Bloomburg and three other houses that lic is going to release 1.83 lac crore to shareholders fund ,from the fund meant for non participating policy holders which means release of book value of Rs 289 per share.
In this connection, it remains mentioned that LI are very conservative fellows.They are more willing to keep their profits understated and keep it in disguise of life fund and other liabilities.
In this connection, the a/c authority acts on the estimation of the Actuary who are more inclined to provide for future uncertainties.

D)Some 9 - 10 ago , taking oath was organised in this forum not to invest in any Govt share.Fact is that in this span of time , these shares have given phenomenal return. Even the most denigrated IRFC was doubled. Lic is the largest beneficiary in this case. So better to be understood which share is to be invested at what point time so that a good make is possible.
The Adani run has best been caught by lic though it is in doldrum now with threat of more loss.Lic has investment in Adani from the price point as low as Rs20.
In this precarious situation, the opponent parties are making people understand as if lic , sbi and other psus will wind up.This along with withdrawal of sec 10 (10D) for investment of more than 5lac in LI premium will have some negative impact on the LI business as a whole.Moreover increase in non tax slab upto 7 lac in new tax rule(where there is no provision of 80C and 80D ) will play some negative for this industry.
Still I say that these will give only insignificant impact.

I have told in the earlier trunches that I have no genuine interest in this business model and I will never invest in any LI share except Lic and that too for its huge property kept in book value , inflated liability etc etc which does not reflect in its notional book value and other valuation parameters.
In this connection, it remains mentiined that private LI shares are with ADANI like market cap.

Now come to this important point .If the eps is 4 and bv is 12.o1 as on 30/6/2022, (which represented the life long business) then how is it possible that next four quarter eps is about Rs40 and therefore bv 52.01?

Now forget about all these things and concentrate on this point only:

Prior to nationalisation in Sept 1956, there were about 250 private companies who looted people for over hundred years and LIC is now the owner of this looted property and added with high business for 67 years.
(Thanks to J L NEHRU sir for his overnight nationalisation and there by conserving the properties. )
Still eps 4, bv 12.o1. Then it will not be worthy its price in the next 100 years.
Private companies often advocate for growth. Iic has come to this attributes for all these measuring parameters. Whatever may be the growth of rat, it will never equal to an elephant. But the irony, market perspective matters in near term .Adani M cap more than 50% down in 5-6days.
So , we are to distinguish between Mcap and value.

In line of my earlier trunches, I now strongly believe that notional bv of lic is more than 2200 and eps more than 275.

Government now very keen to extract dividend from lic for the planned 1.83 lac crore. Then the govt will get 1.76 lac cr and we will get 288 per share.

Make out as you can and act accordingly. But if you think bv is 12.01 and eps 4 immediately go out.

Bazar ko le ke thoda parisan to hu , phir be kuchh likh diya dekho.

Thank you

Disc: couldn't revise. So there may be some typo mistake

@CB
Your view could have helped me.
Thank you

@Asoke Sarkar, Thanks for your fantastic coverage of past, present and future prospect. We can never be sure about what is coming in future but based on facts and motives we must try to understand the prospect and act accordingly.

For immediate future: Concern due to Adani shares owned by LIC & Budget is what I wanted to understand...
- LIC has said that only 1% of its capital is liked to Adani Empire, that is good to know
- LIC has purchased shares of Adani at much lower levels, another good thing and it escaped FPO exposure that is another good thing
- Despite 1% capital exposure LIC tumbled more that 15% as sentiment is supreme in market
- I read about two Adani owned cement factories already shut from 3 weeks or so and further delayed rebound expected now due to fund crunch
- Budget is not favorable to Insurance companies and it hints that some government action in near future may wreck the ship more.
- We need to analyze how the profit soared so much and how it projects future profit prospect.
- In view of rising profit also the current price seems high at PE of 100. PE will be checked by investors in near future due to Adani episode
- For PSU good dividend is a very potent ammunition and 288/share prospect will help big way but at what price point that happens matters a lot and what will happen on Ex date? I don't think such huge dividend will help much and price will depreciate.
- The fact that government companies need to be blessed to recover from dips and move fast is a big point to consider. What if it does not move up for longer period?
- I will wait for Ex Dividend date to purchase for long term given it adopts good dividend policy and revenue prospects remain solid.

Some of my observation may seem odd or incorrect. I have limitation of no financial background, get involved in Stock Market since last 3 years only. Trying learn from all the wonderful members here.

Not a good year in secondary market, let us see how the rest 50 days goes. Hope for stable time ahead to lift mood of investors.
Thanks

Mitroo
Mujhe aap se ek baat kehani hai wo ye ki aap apna paisa ek acchi company "Idea vodafone" main nivesh kijey hum sab milke iss company ko aur Apne aap ko support karte hain aaj ke roj iske Shares ka bhao 6.80 dosri bade bade over valued shares ke daam main iss company ke shares humko kam kimat main zayda quantity main aayange.
" Sonch ke samajh ke invest karne ka "

Lol @ your logic...
Need more training

NSE Puts Adani Enterprises, Adani Port, Ambuja Cement under ASM framework

Now intraday trading will also require 100% upfront margin

This will likely curb a lot of speculation and short selling

Sir intraday me to sab short hi krte hongene
Phele bech ke baad me kharidneka
To phir sabko profit hoka to loss kisko hoga?

Those who buy those shorted shares bear the loss

The bonds shorted by Hindenburg research should be bought in full by some deep pocket fund (There are funds that specialize in buying junk rated bonds) which should not allow Hindenburg and associates to cover their shorts at a sane price.
They should spend the rest of their lives in researching to know what hit them.

they buy only if its available at very low prices

Junk means kooda, 5-10 take (%) se jayeda nahi milega.

Adani enterprises me aaj 20% ki jagah 26% down kyu hua
Max 20% ki circuit nahi hoti ??
Just wants to clear my doubt
Thanks

@Nothing new
Thanks for answering 🙏
Matlab 1 hi din ke andar kahi baar circuit change hoti he esana

1 saal phele stock ki price same thi
Jitna 1 saal me kamaya vo 1 week me kho diya
Gajab ka khel he babu bhaiya

Yes! F&O matlab no limit. Galat side par ho to full barbaadi.

Media will keep all issues simmering as they get their TRP. Indians must think from all angles. We can deal with the likes o Adani while safeguarding investors and public institutions without letting outsiders take advantage of the adversities.

As per FT , apart from Adani companies, Elara Capital India Opportunities fund also had dealt the shares of the following companies;

Lancer container
Balaxi pharma
Rama steel tubes
Omaex Ltd
Banswara syntex
Sah Polymers
dhanaaxmi bank
Ashapuri Gold Ornaments
Dharmaj Crop Guard
Black Box
Elpro International

Out of these Sah and Dharmaj are recent;y listed companies. So since Hindenburg opines that Elara's investments are controlled by Adani, would they also question these above-mentioned companies?

The fall was imminent due to very high unrealistic values just because of he is friend if MP. Is it justified by any means? Btw Market is not biased and gives the true value of it's stock.
Laziness of all agencies is the simple reason for this event.

Fool and Greater Fool theory worked to a vast extent for the last many years, in Adani Group Stocks and the release of Hindenburg Report, changed the scenario.

Tulip Mania

This is the old slogan of LIC. zindagi ke saath bhi, zindagi ke baad bhi
to zindagi ke saath thi, ab Daniji ke saath hai
(remained with life, now with Adani.) “This is the new slogan of LIC..

Highly leveraged companies that collapsed in the near term past.
1. ADAG GROUP
2. FUTURE GROUP
3. DHFL
4. ZEE GROUP(to some
extent)

High levered Fled Fugitives
5. Gitanjali Gems ( MAMA Bhanja )
6. ABG Shipyard ( Rishi Agarwal )
7. Jet airways ( Naresh Goyal )
8. Kingfisher ( King of all Fishes )

9. sterling Biotech ( Sandesara family )

What is worrying investor community is why the hell Sebi, Rbi, ED and Finance ministry hasn't issued a single statement publicly.
Why are they hiding their faces??

@Sharvam,
There is no need for the authorities to give any statement for this debacle, specially Finance Ministry, ED and RBI. None of these have direct role in this FPO.
All these circumstances spoiled the market and investors wealth.

That to be answered by public in 2024 General Elections. We don't need such government which kills institutions. I am to sufferings for no delivery of BCG shares bought on 6th Dec 22, it is going to be 60 days without delivery/refund. Is not enough to hind how rigged is the current government agencies? I will be not surprised if they create new rule to rob small investors like me of the purchase in BCG.

I pray that this episode remain fresh and explode to new high so people get relief from such low mindset governmetn. Nasty!!

Adani Enterprises stock price history.

In 2008 - 665 to 126 -81%
2010-2012 - 786 to 151 -81%
2018-2019 - 236 to 113 -52%
2022-2023 - 4190 to 1787 -57%

Yeh toh purane khiladi hai wealth destruction ke.
Shareholder will book losses and after 5-6 years another bear run in their stocks.

Had so much expectations from Adaniji for India 🇮🇳
Dekhte h aage hota h kya

Adani losses top $100 billion (Approx. 8,83,172 crore Rs.) in wake of Hindenburg Research report

Had this crime or scam happened in america then adani should have faced 50 years sentence seems ..but here he enjoying strong political support and sleeping sebi rbi cbi ed nse bse blessings both hands

Its amazing to see so many people supporting Adani group even after detailed evidence of such a huge fraud. Adani has not only committed fraud on investors but also on Indian Public resources through manipulating LIC, SBI kind of PSUs where majority of money is deposited by common Indians out there.

To make things clear, this cancellation has not been done out of any worry for investors or any magnanimous decision by Adani ji.

Its very clear that majority (>95%)of applications for this FPO was either from the Adani's own shell companies or from his corporate colleagues who must have been promised no loss of capital or from PSUs such as LIC n SBI. In effect Mr Adani through these shell companies would have had to pay 1638 Rs per PP share totalling 10K Crore that would have immediately become a bog 0 given his fully paid shares trading currently @ 1596 with further downsight visible. It made sense to save 10K crore and in return also get sympathy.

@ Justalearner I have read all articles. You said Adani bought his own FPO shares. This is what Forbes had to say. But in the article, they have provided no evidence. They just say they suspect / Guess so. So how are you presenting that as evidence?

The only way Adani can actually resolve this issue is to illustrate who did buy all of the shares,” says Tim Buckley, a former investment banker at Citigroup and director at Australia-based Climate Energy Finance, who has been studying the Adani Group for over a decade. “It would be my speculation that there were insiders.”

U.S. hedge fund billionaire Bill Ackman also expressed skepticism about the share offering on Wednesday, tweeting: “I would not find it surprising if the @AdaniOnline offering was rigged with affiliated buyers.

That is what has been mentioned in the link shared by the admin. Skepticism, Speculation, Not surprising if. Please read it. Can that be called evidence?

Kaash koi whistleblower LIC or GIC IPO ke time bhi aata. Usme to Adani se bhi bada nuksaan hua.

STOP LOSS

Lastly I am saying :
"ALIBBABA 40 CHOR"

I think story is finesed.

Don't know why your Finished spelling consists "FINE"sed