Coming to the fraud at PNB, I believe the policy makers have nothing to stress over....I suggest they immediately impose a ''Fraud Recouperation'' Cess'' on all transactions from hereon.... I''m sure the tax payers would not think twice when it comes to contributing towards the nation building excercise.....So it''s up to the policy makers now to give them the chance...
PNB fraud is the consipiracy of one political party to discredit other political party (sic). They seem to have done in 2011, a POSTDATED fraud at one overseas bank branch to discredit other party. Other party claiming to be the only pioneer in corruption eradication will cry foul saying it is the ''paap'' of somebody else.
Point to ponder for all commoners is that why it took 7 years to 2 parties to detect it and why our leaders still continue to believe that PSB stock prices should have been higher and why investors should continue to believe in other public sector equity related financial products.
It''s okay I guess...11k Cr is nothing .....Even the Gods were known to err at times, let alone the Babus at banks...Their work is so taxing unlike common tax payers who lead stressfree lives and suck the blood off of the policy makers, like parasites ...This is why the mistakes in the returns by small tax payers should to be dealt with utmost severity....while gullible Babus should be eased up on..Come on we all must have that much empathy...
This is something unbelievable. Rs 11000 crores have been siphoned off from the bank. What bank management have been doing so far. If it is an old case then certainly it is a low level political propaganda to malign the opponent party and abusing the whole banking system
Ahh no, it should be the unpadh have to pay no cess, cause they get subsidies, padha huas pay edu cess so that they hope for 15 lakhs in their dream accounts when their laundies gonna get married @ 12... What a country, I love it!
The way people jump up to prove themselves right , We shouldn''t have any doubt regarding why Septa, Arjun, Eagle have left and gamble posting just a post in months.
Some how this blog and community has really lost it''s old time charm. We do not find any more witful discuss taking place, probably time to disolve it or admin/moderator to take corrective action. ,"Bahu Majha Nathi Rahi Have"
Higher subscription level (if it is there) and favourable market environment at the time of listing, may lead to some listing gain but that doesn''t make it a buy. Nowadays it has become fashionable to justify every IPOs .by taking example of HDFC life but remember HDFC pedigree is at a completely different level. I always appreciate HDFC pack of stocks due to inherent quality.stability ,consistency of performance and management excellence. Narayana hrudalaya was also touted as low cost heart treatment for everyone with a pioneer in this field leading the company. Every good and ethical business may not be financially blockbuster. NH has not given much gains despite its brand value, quality of business and direct involvement of pioneers.
If very interested in Aster for mid to long term, it is better to buy post listing. If the interest is just to flip post listing, then take a call based on ur risk capacity. This is just IMO.
Cool bruh, you seems obsessed with LTCG taxes, and desperately waiting for downsides in secondary and appear to avoid primary too in the name of global corrections, Good One must have independent view in any conditions
But unfortunately market is little bit complex, if you know what happen next, it will probably never happen anytime soon.
It''s not fashion to justify every ipo valuation but it''s fashion to unjustify good ipo valuation based on name of some crap uncertain reasons by so called financial experts. I have dozens example if you need.
You follow your fashion and I will follow my experience. Why are you feeling offended? I did not even responded to your post anyway.
BTW I never said "justify IPO valuation" ....I said "justify IPO" means decision to buy.
You may feel offended but fact remains that your well known alter egos have been so wrong about HDFC standard life IPO itself and other insurance IPOs. Usually I don''t talk about myself in the forum but let me tell you....that I was the only person on this forum who said avoid all insurance IPOs but apply HDFC standard life. I can name people in this forum who argued with me as it was an act of war. My belief was only off the mark in Appollo Micro due to market conditions but that is fine because I didn''t get IPO allotment and my secondary buy was very small. There was one person on this forum who bought 500 shares of Apollo Micro at 306 which is close to lowest but I tried to convince him that he should have waited more as this share will not rise immediately. So, in a way my belief about Apollo Micro which was initially proved to be off the mark but later on improved and that is the objective...keep improving....keep learning........
I don''t considered myself like "Know all" like you and keep bragging. I am here to continue learning and keep sharing my knowledge gained thru long experience while investing in the market. Irrespective of how disparagingly, offending you may comment on my posts using your shitty language....I will continue to do the same in the future.
I am neither an IPO fan or secondary market fan but at any point of time I will put money where I believe there is more value. I understand your never ending positiveness about IPOs in this forum people want to hear ONLY positive things about IPO as they are mostly flippers at listing for listing gains but I will continue to treat IPOs as a tool for long term wealth creation as well while not ignoring listing gains.
My few humble suggestions to you will be:
1. Avoid (if you can) praising, justifying your other IDs and the comments therein. 2. Stop believing that you are boss of warren buffet and know all. 3. Stop using unsavoury language. 4. Avoid "please all" comments.
and if you can, continue contributing (without copying your alter egos). That will give more value to the forum.
I stopped commenting any of your posts due to your "ATTITUDE" and suggest you also do the same to keep sanity in the discussions in the forum.
But seems you impose your view without data and fact on others. If someone is justifying valuation through real analysis then u need to respect it.
U got it wrong in galaxy, apollo and your misadventure in Astron.... still you think others are wrong.
Gone through Gamble sir and Market kid analysis and they are projecting larger picture for long term as revenue is great, management is good but due to expansion plan and working capital bottomline will take time to realise.
They have said listing gains will be minimal. So why crib ????
Even I am avoiding this IPO due to confusing profits and margins but one or two good qtrs and this will fly or few bad qtrs then this will sink.
All you write about others seems to be inbuilt quality in you...( Psychology my favorite subject). Do learn from Gamble sir, septa sir and uchit sir and respect new ones like aniket and market kid.
And next time please provide data to justify your valuation not what your heart (kidney, lungs or liver) says.
Cool bruh, your this one post is enough of understanding why some nation is still consider as backward And my this below post may enough to understand why we need revolutionary politics in our country.
You have taken example of HDFC life and NH, In this whole community if you search you can easily find that only "i aka Market kid " have given that example in post and you claiming you Didn''t respond my post?
We the people of India are very emotional with less critical thinking, i posted reply to your post, so now you feel that it''s your duty to criticize .now it''s your turn. And once your turn over it''s my turn to prove myself right and this go on and on.. ..
This is exact same situation going on our TV debates , one spokesperson try to put xyz current situation at the same time other claims that in your time also there was xyz worst situation.
But no one dare to think why there is "this situation " and what are the solutions,remedies Just countering each other and fooling people is solution for them.
I or anyone in this forum have no right to judge you based on your ipo prediction go wrong or right.
It''s not that you go wrong or right in predicting IPOs, what are the reason behind your this belief(valuation approach )is more important.
BTW I posted my first message in hdfc life only, and that was " buy post listing at whatever price it opens" ,never commented in any other insurance ipo.
I rest my case after mentioning that I am positive in all my investing in recent IPOs sans Apollo micro where my investment is not much to cause any pains to me and apollo micro I anyway intended to hold for long term so there are no issues for me. So don''t worry about my adventure.
Everyone.....let me give me an example....
In one of my IPO someone created a brand new ID.....and wrote (rather ordered) Share your analysis? just one line.....I politely asked the person......I trust your analysis (if there is any). That ID has not posted any message after that........So you can understand what exactly is going on here. Some folks are here believe that there is the only one to he heard and rest are all useless. If stock investing were just a few calculations of PEs, EPS etc etc. etc then all mathematicians would have been millionaire.
Please note ....that I respect all contributors/expert who post their views here irrespective of the fact that I may or may not subscribe to their line of thinking.
I will continue to contribute and keep learning the way I have been doing in the past irrespective of what others people think or believe.
I suggest not to blindly follow anyone (including me) as there are all kind of agents, people, experts, gentlemen, ungentlemens and so on.
Cool Sunshine.....Mastram is nowhere related to any other ID as mentioned by your speculative mind.....
Request forum moderator to satisfy your urge by confirming that I am nowhere related to Markei kid...Forget region even country won''t match.
By the way, PM Modi has not introduce any law that we need to comment on every messages. So you can refrain from it because at times its very irritating...or maybe you get a full time job.
^^. Hey! How could you forget Roz Marlo there? ..Don''t you know it''s criminal omission of facts to forget the head clown like that?...I sometimes fear that over 50% of the IDs on this forum could belong to that exact same person...
Ranging from the copy paste experts to their sassy sidekicks with tonnes of likes from the obvious doppelgangers a set of IDs insisting that the forum members respect, obey, follow the other set of IDs for who knows what goddamn reason, those compulsive accusers with a habit to copy other''s way of writing and to top it all that weird "BRUH" <-------. hahahaha......Man it''s a complete circus....
Whether Septa, Eagleye left behind a note of resentment along with the power of attorney in favour of this pretentious, self proclaimed forum paragon is a matter that needs to be thrown light upon.... I''m sure that it won''t be as tough as discovering where this guy learned his weird King''s English from...:))))
Heh, hope sme IPOs had same stature and allocation ratios.... They are different and always will be, only lucky get a lot, don''t compare with main board...
Any one looking for listing or short term gain den dis ipo is complete avoid. If any1 wants to invest for long tetm (2-3yrs) with high risk factor may apply in dis ipo.
As usual, RIIs 45% subscription so far is not bad. It might go to 100% tomorrow. Low participation of QIB is a concern here. If QIBs also increase their participation, NII will follow soon. Hopefully things would be clear tomorrow by 2 pm. Till that keep your fingers crossed.
True. One can buy it post listing when the picture is clear. Also I''ve heard about possibility of a small chunk of money moving to recently listed IPOs (listed after 31 March 2017). It is aimed at churning portfolio to avoid ltcg and also remain safe from GAAR.
With SBI entering into red this quarter, sentiment has soured badly for all PSBs as SBI was considered as bellweather for PSB and it was expected that whenever positive sentiment return SBI and PNB will the first PSBs to gain.
All though I was looking to add PNB to my existing portfolio but with SBI loss .....nonone really knows how many skeletons are still there in the cupboard. So it is definitely not a stock to go long at this moment but believe when the time comes SBI and PNB will be the first PSBs to get rerated.
Thanks Govindraja......I missed this news.Do not know how many skeletons are still there in PSBs..........
3-4 days back on a news channel, our FM has asked SEBI to investigate the possibility of a bear cartel in PSBs which is suspected to manipulate PSB stock prices in last few months. FM believes that PSBs should have risen much higher after re-capitilization.
As is the saying.....Market knows all.....after SBI loss now this PNB fraud news.......
just few days back biggest PSU bank SBI posted net loss of over 2000 crore and now PNB posted bad news hurting the sentiments of not only share holders but also of stake holders.FM has decided to merge all PSU banks to hide all losses . May be due to the side effects of demonetisation. I think FM is the man behind the ugly picture. Muje to dal me kala nahi puri ki puri dal hi kali lag rahi he.
@ Bhallal Dev.... I don''t think the $1billion fraud what PNB has been hit with is any aftermath of demonitisation... this fraud occurred in 2011 and just uncovered/reported now...so no idea why u would call it a side effect of demonitisation!!
@ Govindraja react only on above post . not aware anything about 2011 , almost before 7 years .I am sure you must not have asked to sell pnb shares on the basis of 2011 fraud as you have not made any clarification to the reply you got earlier.
Issue Opens12 Feb 2018Issue Closes15 Feb 2018 Price Band :Rs.180 - Rs.190Bid Lot :78 Shares Category No.of Shares Offered/reserved at No.of shares bid for No.of Times Subscribed Lower Band Upper Band Lower Band Upper Band Qualified Institutional Buyers(QIBs)* 105,17,400 103,17,229 52,80,054 0.50 0.51 Non Institutional Investors 80,55,905 77,37,922 16,46,034 0.20 0.21 Retail Individual Investors(RIIs) 187,97,110 180,55,151 71,12,586 0.38 0.39 Total 373,70,415 361,10,302 140,38,674 0.38 0.39