ravishingravi Posted February 1 Share Posted February 1 34 minutes ago, randomGuy said: This is strange 1.fpo @3100 looked improbable with this report .... 2. But Fpo was successful and price rose to 3000-3100 3. Today, price tanked 30% to 2100/- 4. Adani comes out n says he will return the 20k cr collected in fpo at 3100 per share as the price has dropped the next day.. Not strange but bold. It's a strategic step. Hindenburg has hurt them where it hurts. Deleveraging is always a challenge that's looking to turn the corner. Link to comment Share on other sites More sharing options...
Stan AF Posted February 2 Share Posted February 2 20 hours ago, Trichromatic said: Adani has lost close to 50 billion USD in last 2 weeks. Adani group shares tanked again today. https://www.telegraphindia.com/business/adani-group-stocks-fall-in-morning-trade-for-fifth-consecutive-day/cid/1913524 100* now https://timesofindia.indiatimes.com/business/india-business/gautam-adani-groups-market-losses-hit-100-billion-as-stocks-sink-after-botched-share-sale/articleshow/97543722.cms?from=mdr Link to comment Share on other sites More sharing options...
velu Posted February 2 Share Posted February 2 13% down again .. screwed up the overall mkt sentiment @diga @jusarrived Link to comment Share on other sites More sharing options...
Stan AF Posted February 2 Share Posted February 2 I can't understand just how after the Nirav Modi/PNB scam just not that long ago LIC/Banks are allowed to loan this much again to shady companies??? Link to comment Share on other sites More sharing options...
velu Posted February 2 Share Posted February 2 1 hour ago, Under_Score said: Bold? FPO most likely withdrawn by Adani due to this reason. But it couldn’t garner the desired interest from the retail shareholders. The BSE data till 5.18 pm showed that out of the reserved 2.29 crore shares for the retail individuals category, only 12 per cent shares were bid for. https://www.thehindubusinessline.com/markets/adani-fpo-lacklustre-retail-participation-does-it-matter-to-adani/article66454230.ece for retail they can just buy it for 2600/2700rs instaed of subscribing it for 3100rs looks like ambanis , mittal , birlas and cadilla guys subscribed in NII category .. they cant buy in the open mkt without disturbing the price , but they subscribed to adani as a goodwill gesture along with abh dhabi fund ( you scratch my back and i scratch yours kinda deal ) Link to comment Share on other sites More sharing options...
diga Posted February 2 Share Posted February 2 1 hour ago, velu said: 13% down again .. screwed up the overall mkt sentiment @diga @jusarrived I never invested in Adani... portfolio still in green thanks to ITC, but down 18% now. BTW , I wonder where @Straight Drive is... Wasnnt he aged 60 something? Link to comment Share on other sites More sharing options...
SM2907 Posted February 2 Share Posted February 2 2 hours ago, Stan AF said: I can't understand just how after the Nirav Modi/PNB scam just not that long ago LIC/Banks are allowed to loan this much again to shady companies??? really. you cant understand. You do know the government is the king when it comes to such decisions. or you dont? diga 1 Link to comment Share on other sites More sharing options...
ravishingravi Posted February 2 Share Posted February 2 4 hours ago, Under_Score said: Bold? FPO most likely withdrawn by Adani due to this reason. But it couldn’t garner the desired interest from the retail shareholders. The BSE data till 5.18 pm showed that out of the reserved 2.29 crore shares for the retail individuals category, only 12 per cent shares were bid for. https://www.thehindubusinessline.com/markets/adani-fpo-lacklustre-retail-participation-does-it-matter-to-adani/article66454230.ece Ehh. No. Because he is still under no obligation to withdraw the FPO. He could have even issued it at discount but didn't. The issue is that Hidenburg is short on bonds and bond markets are killing the Adani shares. Adani, however, has no repayment due this year and very little next year. So, for Adani it makes more sense to pull out of the FPO now. Let the markets settle in next 6 months, where they will see the actual results and then go for an offering. It is bold because in the short run his shares will get hammered till short runs out. Its payday for Hidenburg. Better to take the hit now and survive for better tomorrow. Link to comment Share on other sites More sharing options...
SM2907 Posted February 2 Share Posted February 2 1 hour ago, ravishingravi said: Ehh. No. Because he is still under no obligation to withdraw the FPO. He could have even issued it at discount but didn't. The issue is that Hidenburg is short on bonds and bond markets are killing the Adani shares. Adani, however, has no repayment due this year and very little next year. So, for Adani it makes more sense to pull out of the FPO now. Let the markets settle in next 6 months, where they will see the actual results and then go for an offering. It is bold because in the short run his shares will get hammered till short runs out. Its payday for Hidenburg. Better to take the hit now and survive for better tomorrow. Was there stock inflation by shell companies. ? It is a simple question In the long run everything can nullify. In the long run even Adani can file for bankruptcy. Link to comment Share on other sites More sharing options...
rkt.india Posted February 2 Share Posted February 2 6 hours ago, Stan AF said: I can't understand just how after the Nirav Modi/PNB scam just not that long ago LIC/Banks are allowed to loan this much again to shady companies??? loans to Adani are secured, backed up with real assets. Link to comment Share on other sites More sharing options...
gattaca Posted February 2 Author Share Posted February 2 Wow 100 billion is lot of money Link to comment Share on other sites More sharing options...
diga Posted February 2 Share Posted February 2 Not exactly illegal, but facebook is buying back 40B$ worth of its own stock... Stock is up 20% on this news. What it does is reduce the active floatation and boosts the price. Link to comment Share on other sites More sharing options...
Trichromatic Posted February 2 Share Posted February 2 28 minutes ago, rkt.india said: loans to Adani are secured, backed up with real assets. Loans are backed by inflated shares. Khota and Lone Wolf 2 Link to comment Share on other sites More sharing options...
ravishingravi Posted February 2 Share Posted February 2 (edited) 4 hours ago, SM2907 said: Was there stock inflation by shell companies. ? It is a simple question In the long run everything can nullify. In the long run even Adani can file for bankruptcy. Yes, by conjecture. No, by proof. "In the long run, we will all be dead" - Keynes. Adani won't be because businesses survive on fundamentals. If they deliver on fundamentals, they are good. Edited February 2 by ravishingravi Link to comment Share on other sites More sharing options...
ravishingravi Posted February 2 Share Posted February 2 1 hour ago, Trichromatic said: Loans are backed by inflated shares. Shares are pledged with banks. Most of the loans are backed by assets. Link to comment Share on other sites More sharing options...
rangeelaraja Posted February 2 Share Posted February 2 14 minutes ago, Under_Score said: More than Adani losing that big chunk of money.......it is the global reputation at stake here. From the article ‘Rude awakening’ for foreign investors' The crisis swirling around one of India’s most prominent businessmen could have bigger consequences for the fast-growing economy, which only two weeks ago was pitching aggressively for foreign investment at the World Economic Forum in Davos. “It is evident from looking at broader market activity that foreign investors …have had a rude awakening,” said Saurabh Mukherjea, founder of Marcellus Investment Managers. The fallout from the Hindenburg report could engulf other large Indian businesses, experts warned. https://www.cnn.com/2023/02/02/business/gautam-adani-speaks-hindenburg-hnk-intl/index.html yeah....gora sahibs are always right. Most ethical and moral people on the planet. If they say something is wrong, it must be wrong. Under_Score 1 Link to comment Share on other sites More sharing options...
Khota Posted February 2 Share Posted February 2 4 hours ago, diga said: Not exactly illegal, but facebook is buying back 40B$ worth of its own stock... Stock is up 20% on this news. What it does is reduce the active floatation and boosts the price. Facebook =/= Adani Link to comment Share on other sites More sharing options...
Khota Posted February 2 Share Posted February 2 4 minutes ago, rangeelaraja said: yeah....gora sahibs are always right. Most ethical and moral people on the planet. If they say something is wrong, it must be wrong. goras are not always right. But Adani needs to prove that these shell companies did not help him inflate the value of stock. Under_Score 1 Link to comment Share on other sites More sharing options...
Khota Posted February 2 Share Posted February 2 4 hours ago, Trichromatic said: Loans are backed by inflated shares. ^^^^^^^^^^^^^This Link to comment Share on other sites More sharing options...
Khota Posted February 2 Share Posted February 2 2 hours ago, ravishingravi said: Yes, by conjecture. No, by proof. "In the long run, we will all be dead" - Keynes. Adani won't be because businesses survive on fundamentals. If they deliver on fundamentals, they are good. Indeed his fundamentals are strong, and he will survive. The valuation of assets is the issue here. Link to comment Share on other sites More sharing options...
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