Buy Bank of Baroda asap. Reasons- it was the most effected by vijay mallaya scandal. Secondly it had done higher provisioning for NPAs on loans given to VM. Now with possibility of 4k crore+ 2k crore out of 9k crore repayment by VM the balance sheets of banks would become better n if held for 2-3 yrs can give multifold returns. Do not miss the opportunity. BOB is avl at beaten down prices.
IMO the strategy should be apply quality not quantity that be selective in applying for IPOs i have missed few good listing being selective but at least i have not many flops intact in 5 years i only had three bad ones still below issue price but this selective process i also missed half a dozen good ones too
today on CNBC TV18 the CEO sounded very less caring being a Dr himself when asked abt the price was high... Infant the reporter was good with a counter question how can he be so casual since now he is head of a listed company.....I think many applied seeing 3 successful health care IPO one big difference was QIB portion anyway..... this will reduce flippers for sure more IPOs go wrong less the demand better pricing end result good for RI....
Ms word , you are 100% right.....biased people pasting my advice but never post my others advised on H... I am sure they are unnerved after my posting on equitas....or about Lehman brothers story......
He hardly had any advice on HCG. Except the ones already pasted. For any doubt click his name I''d n read his messages on HCG. does he think that people will read his emotional writeup above n believe him? Everyone to be clear do read his write ups on HCG by clicking his name I''d. Just to clear things up.
if any IPO down 25% on listing 100% full allotment to retail investors. if any IPO up 15% than allotment ratio 10:1 or 20:1 to retail investors. there fore retailers always losers in IPO. take care retailers.
Right Septa, I remember reading your views on this and benefitting from the same. Hope the weak listing of HCG puts some sense in small investors and lead managers.
This was my reason for avoiding this issue, I had posted it earlier too :
Cons: (1)corporate governance issues like frauds by employees, criminal proceedings against promoters (2) specialist doctors are not employees but work on contract basis (3) HCG is highly indebted company (4)loss making co. for past several years (5) despite losses valuations almost equal to Apollo Hospital (6) Total liability to Networth is as high as 1.9 (7) OCF is just 12 % of Sales (8) Interest cover is around 1 only