Few Investors understand MT's predicament.Egged on by his big ego & Wall St., MT owners paid big bucks for Plants and mines hoping to establish a monopoly.The Chinese who are the dominant player dropped prices killing MT.
Many of the plants cannot be shut down because Governments need the votes of their union members and they can enforce that by threats of legal action for cleanup costs which will bankrupt the Co.
You are right. Surfaxin & Aeosurf does involve Billions of Atoms. and for a dollar you do get a good quantity of them. Unfortunately like hot air they have no value because no one wants to be the guinea pig. The Co. has no money to lure newly born babies to try it for cash incentives.
You may bang your head but we have seen the high for 2015.
Because of the swings , IBN offers more as a trading vehicle in lieu of an investment.
The swings off the high are now 40% which indicates a short holding period by Investors.
The new Govt is relying heavily on Banks and Foreigners to buy their Infra structure and Green capital debt. There is no return in these investments as the Public are so used to subsidies they will not accept higher costs passed on to them. In addition, because of corruption, Banks are nudged to making bad loans and then accept their conversion to worthless paper which you the Investor must accept.!
The Govt is unwilling to raise Capital thru taxation which is most essential to ensure steady progress. Instead the PM is planning another trip abroad with a bigger bowl .
IBN is resorting to conversion of default loans into shares of those Cos and holding them on their Books at therate paid. This is a very old technique that is never popular because there is no market for that worthless paper.
They must claen up their act if the Bank has to move up.
Foreigners are reducing their Indian Holdings.The Govt there is full of m/t boasts and talk. They lack any long term investment plan and instead keep hoping wealthy Foreigners and NRI's can be lured to make long term commitments which they know will be worthless due to inflation down the line.
To move forward IBN must immediately clean up its default loan portfolio.
Nothing to do with big players. The Bank has increasing loan loss portfolio that has yet to be written down.
Nepotism & corruption are truly alive and well in that part of the world
This bank is the second worst performer amongst the other smaller 8 pvt sector Banks in the Country. Its non performing asset base has been increasing and shows no sign of any controls by top Mgmt who are more dedicated to the Govt than their Investors.
Did you mean #$%$. That is the by product that is removed when surf acts that's surfactin in action.
RE: the wealth garnered by Execs. ,this is the USA where the public aim is to get rich w/o any questions. They seem to have done a good job.!
Surfactin, the aid to surfers is now officially dead.They are now going after the air side with aerosurf. Surfers don't want to try this new product without insurance.
Seems they still have not learnt from their surfing experience.!
The business model did not foresee market risk that I had highlighted for the past 5 years. . Surfactin cannot gain traction.due to Insurance liabilities. The Aerosurf too could run into the same resistance due to identical reasons. Lack of any practical products despite millions spent.!
Shareholders are in a sink hole and the only way out is for them to demand a sale of the Co. ;. probably will fetch $1.50. at most.
Not quite. In that sub continent large loans are often made on the basis of ties to big wigs not a business plan.
The basket of bad loans continues to rise because corruption is endemic .. The Ban loan loss portfolio continues to grow at a fast clip and you the stake holder has to bear that loss.
Hence it continues to go down. Stop the bad loans and you will see the turnaround.!
The Indian Budget shows their Deficit is still rising.In addition the recent hike in transport cost has caused a price spike of over 30% in some staple/veggies ( common diet) . This means inflation is round the corner .
The Banks continue to increase their write down because big loans are often made not a business model but
more due to nepotism and influence peddling.
IBN's bad loan portfolio continue to rise. If interest rates climb that portfolio is a big risk. I don't see this Bank going anywhere until it shows better performance.
There is 20% global overcapacity. In addition, China has over 3 mths of Inventory waiting for Customers.
Sory, bou got to be patient till 2050 for a meaningful uptick.
I too raised the same question.
My FA says that the estmates of REV/Income for 2015 are all over the map and not reliable. This was not good news. It would be unwise to commit any more till the forecast firms up.
The consensus on the street is that with time the stock price has a -ve bias.
I id take his advise on ENTA.and am glad I did.
The big Brokers have access to Level1 screens and Hedge Fund notes. When a Hedge Fund puts out a short, they first advise their clients and within 24 hrs its out in the public domain. Later a week or month after selling they send a an alert out advising their clients to cover within a range.
The buy back for ENTA which was short is not known as yet. Hence the-ve sentiment prevails.
My Broker yesterday suggested I sell half as the market sentiment is -ve. He expects to see a new low this Q and therefore alerted me to this possibility.
I am glad I took his advice. Its down again..