CIFL disaster

Gaja · 26 Re: CIFL disaster Tue May 21, 2013 1:26 pm

Gaja

Associate Director - Equity Analytics

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ACCESS ENGINEERING LIMITED also having 1 Million share

Slstock · 27 Re: CIFL disaster Tue May 21, 2013 1:27 pm

Slstock

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Join date : 2011-01-22

they have been selling down form 1 mil shares. Now 0.7 Mil not such a big holding .

Bond wrote:

Chinwi wrote:Can you remember CIFL people were everywhere offering 24% for FDs last year ?

Now, as per latest report they have to pay interest for 3.318 billion deposits, 552 million i.e. about 6 rupees per share. ( Overall 17% interest)

Last quarter, interest income was 1/3 of expense.
Their AVPS came down from 8 to 4 .

They will have to pay 4 rupees per share within this year as net interest payment, approx.

Then, AVPS will be 4 - 4 .

Are they still offering 24% FDs?

The interest expense is accumulated. It's a book entry and obviously gives a loss in P/L

It should be converted to shares

Anyway Janashakthi Limited must have some serious balls to hold those shares.

indi009 · 28 Re: CIFL disaster Tue May 21, 2013 5:59 pm

indi009

Senior Manager - Equity Analytics

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ONTHEMONEY wrote:We have to wait for Announcements to come!!!

what announcement?????

seek · 29 Re: CIFL disaster Tue May 21, 2013 6:01 pm

seek

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Normally, Janashakthi Ltd is quite good in stock selection. If I am correct they traded 1M BFL from 70 to 280 within very short period.

m2_yapa · 30 Re: CIFL disaster Tue May 21, 2013 6:04 pm

m2_yapa

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Guys do not misunderstand today is 21st May and this statement is as at 31st March 2013. From 31st March to todate more than 30 mil shares have been traded in the market.
I mean Janashakthi and Access both can sell off with in this period.
If not so it is ok. If they were the seller who is the buyer.
Now this share is more vulnerable for me to trade between 2.20 to 3.00 with in very short period. But still i am not in the mood to enter!

smallville · 31 Re: CIFL disaster Tue May 21, 2013 6:27 pm

smallville

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Jana wrote:

But important If it is go down Don't sell yours.. keep it ... it will go up again very soon at least it will come back to this price level 2.50or 2.60 .. So if you can buy some @ 2/= level if it is possible ... average it ..or invest in another good pick and make money to cover this loss ..

Isn't it better to sell now @ 2.3 and collect @ 2 then rather than averagin? Then ur making ur losses less imo.

Gaja · 32 Re: CIFL disaster Tue May 21, 2013 6:30 pm

Gaja

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m2_yapa wrote:Guys do not misunderstand today is 21st May and this statement is as at 31st March 2013. From 31st March to todate more than 30 mil shares have been traded in the market.
I mean Janashakthi and Access both can sell off with in this period.
If not so it is ok. If they were the seller who is the buyer.
Now this share is more vulnerable for me to trade between 2.20 to 3.00 with in very short period. But still i am not in the mood to enter!

Yes both Janashakthi and Access might have disposed it later!