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The Blackstone Group L.P. Message Board

holding38 6 posts  |  Last Activity: Jul 28, 2015 2:52 PM Member since: Jun 22, 2009
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  • Just added at $9.39. Had to sell other things,but this was a no-brainer. Ultimately ICICI Bank is a macro play on the future of India. Like stocks in other emerging markets, IBN is extremely volatile. The stocks rally big-time when foreign money moves in and go in reverse when it moves out. Right now emerging markets--including India--are out of favor. That creates opportunity. IBN is the biggest private bank in India, with interests in insurance, mutual funds, wealth management and private equity. The state-owned banks are deeply troubled, but the private ones are in good shape. The consensus earnings estimates for this year (ends 3/16) are $0.69 and for next year (3/17) $.082. The PE is thus 11.45 based on next year's earnings. The average price target is 12.11.

  • Reply to

    Phil Harper.....

    by blankwillie Jul 23, 2015 8:29 AM
    holding38 holding38 Jul 27, 2015 2:54 PM Flag

    Could he be selling to fund the exercise an equal or larger amount of options?

    Sentiment: Hold

  • Reply to

    What happened to share price today?

    by jag7878 Jul 14, 2015 10:54 AM
    holding38 holding38 Jul 14, 2015 4:27 PM Flag

    The shares are trading ex-dividend today. There has been a 10% stock dividend; one new share for every 10 held. The new shares will show up in accounts on July 17. Go to the company's web page and click on Investor Relations.

    Good luck to all holders.

  • Reply to

    good report.

    by sam_0534 Jun 16, 2015 12:14 PM
    holding38 holding38 Jun 16, 2015 4:56 PM Flag

    Thank you Sam. Just added a few days ago at $41.10. Started buying two years ago at $20.77, but the shares are still cheap. Yahoo's five-year projection of negative earnings growth doesn't make sense. The distributions will be lumpy, but the strong growth in assets under management looks set to continue, especially given the tendency of institutional investors to make their investments more concentrated. This will help Blackstone since no large alternative asset manager can match Blackstone for performance record.

    Sentiment: Strong Buy

  • holding38 holding38 Jun 2, 2015 1:41 PM Flag

    That's nuff Lucy, you're missing the point. Dilution occurs when a fixed net asset value or net income is divided among a larger number of shares. BXMT is increasing its net asset value and net income with the acquisition of additional assets. Book value and EPS may actually increase. Given the insider buying in the company, it appears that insiders expect that to happen (or BXMT would not have purchased the additional assets and sold the new shares). I expect that to happen; initiated a position today.

    Sentiment: Buy

  • Reply to

    Mirion Sold @ $320 million

    by sandy.criscione Mar 26, 2015 7:01 AM
    holding38 holding38 Mar 26, 2015 4:43 PM Flag

    NMB,

    I'm not sure about this, but if I recall correctly, when ACEIII was set up, the outside investors who put in the needed cash did not want it included at the outset but did want a purchase option included. If I am correct, including that option was necessary to seal the deal on ACEIII.

    Sentiment: Buy

BX
35.67+0.06(+0.17%)Aug 28 4:02 PMEDT