by ccmrmyng | Jul 28, 2019 | Dear old dad, news updates
The YES bank story is still unfolding. I was wrong, there are cockroaches in more places than I had thought. Many more companies to whom YES has lent may default, especially if an economic downturn is impending. Evidence of sizable call writing positions, hundreds of... by ccmrmyng | Apr 30, 2019 | Dear old dad
On a Friday after market close and before the long weekend at the end of April 2019, comes an earnings pre-announcement from YESBANK. This is the “kitchen-sink” announcement that I thought had happened a quarter ago. The new CEO is cleaning house, wants a fresh slate.... by ccmrmyng | Mar 15, 2019 | Dear old dad, Learning Module 3, Topic 4: Primary Markets and Initial Public Offerings
Not wanting to repeat the HDFC IPO non-participation, I propose a new one to Dad in early 2019. This one is a REIT, a real-estate investment trust, the first of its kind, more like a bond, These are vehicles which pay 9+% in returns, backed by rental income from a... by ccmrmyng | Feb 20, 2019 | Dear old dad
Comfortable with recent trading successes, I find myself marveling at the current lofty valuations of TCS, Wipro, Infosys, HCLs. They are well-run, professional companies, cash-rich, but earnings for this sector peaked years ago, their growth rates are in the low... by ccmrmyng | Feb 15, 2019 | Dear old dad
Pleased with YES and looking for something similar, I come across DHFL. Another stock that has taken a serious tumble, from 400 down to 150. The media story is bleak, management keeps putting up a defense, they haven’t defaulted yet. Meanwhile, the ILFS saga is... by ccmrmyng | Feb 15, 2019 | Dear old dad
In early February 2019, YES BANK puts out a press release stating the company has received a notice of NIL divergence in NPA from RBI. Central banks all over the world do a periodic review of the asset quality of banks under their regulatory scope. Nil divergence...