full post...
Opto Circuits gains on deferral of fund raising plan

Opto Circuits India said that its board has deferred a decision on raising additional funds and will consider the same at the appropriate time. The news was received with mixed feelings after trading hours on Thursday, 4 September 2008. .

The company’s current equity is Rs 94.17. Face value per share is Rs 10.with an annualized EPS of Rs 12.85, by a PE multiple of 25.84.

Last month, Opto Circuits India’s board decided to meet on 4 September 2008 to discuss various options for raising funds for its future expansion, growth, joint ventures, acquisitions and research & development activities. No reason was given for the deferment. The investors were placing high hopes on the future of the company's operations. A section was expecting a right issue at a reasonable premium after the proposed bonus issue.

In May 2008, the company received marketing approval from the US Food and Drug Administration for two vital signs monitoring systems. In April 2008, Opto Circuits India acquired majority stake in US based Criticare Systems Inc.

Opto Circuits India’s net profit surged 30.6% to Rs 30.25 crore on 33.7% increase in net sales to Rs 82.35 crore in Q1 June 2008 over Q1 June 2007.

The company is engaged in designing, developing, manufacturing, marketing and distributing medical electronic devices and medical monitoring products. The group operates in two segments namely health and information technology.

The company is in a very good wicket to show excellent growth in line with the past performance. Though there is more room for a good rapport with the shareholders,the company has generated enormous good will to get their support at all levels. It is for the company to make good use of it for the future growth
Extract: capital Market
v.krishnamoorthy...

Opto Circuits gains on deferral of fund raising plan

Opto Circuits India said that its board has deferred a decision on raising additional funds and will consider the same at the appropriate time. The news was received with mixed feelings after trading hours on Thursday, 4 September 2008. .

The company\\`s current equity is Rs 94.17. Face value per share is Rs 10.with an annualized EPS of Rs 12.85, by a PE multiple of 25.84.

Last month, Opto Circuits India\\`s board decided to meet on 4 September 2008 to discuss various options for raising funds for its future expansion, growth, joint ventures, acquisitions and research & development activities. No reason was given for the deferment. The investors were placing high hopes on the future of the company\\`s operations. \\\\...

Full text....
"Views of Oxford Analytica is said to have significance given its network of over 1,000 faculty members at Oxford and other major universities and institutions around the world. Talking about Ambanis, Oxford Analytica said, "The rivalry between the brothers has moved well beyond sports sponsorship and loss of a few contracts. It has begun to affect national politics, too, and billions of dollars in potential investments."

About elder sibling Mukesh Ambani, the report said that earlier this year he "intervened on a technical legal point to prevent his brother from participating in a merger between Reliance Telecom and MTN of South Africa, which would have created the fifth-largest telecoms company in the world".

"However, Mukesh does not hold the upper hand. The SP has now become a key ally of Congress-led government at the Centre."

"When four Marxist parties forced a confidence vote (held on July 22) by withdrawing their support over the issue of a nuclear energy deal with the US, Anil played an important role in securing the requisite backing to keep the government intact — at a cost estimated at some $3 million per vote," it added.

"Where the SP's rapprochement with the ruling Congress Party will leave Mukesh and the older Reliance Industries is now a matter of open conjecture."

Oxford Analytica regularly comes out with the analysis of implications of national and international developments facing corporations, banks and governments across the world.

The report further said that "SP leader Amar Singh is believed to have demanded from the government, as the price of its support, a windfall tax on private energy companies and a ban on the export of refined petroleum products — both of which would devastate Mukesh's interests".

"While the government has yet to respond to these demands, which would hit many more companies than Reliance, they have a populist appeal and could be enacted," Oxford Analytica said.
source: Bus. std.
v.krishnamoorthy

...

Views of Oxford Analytica is said to have significance given its network of over 1,000 faculty members at Oxford and other major universities and institutions around the world. Talking about Ambanis, Oxford Analytica said, \\\\...

Dear str2323
have you read the commments of Ind.bank CMD reported in some columns here in this board?
pl. read this:

FY08 will be a tough year for banks: Indian Bank CMD M S Sundara Rajan

Press Trust Of India / New Delhi September 04, 2008, 17:50 IST

Concerned over rising interest rates and slowdown in the economic growth, public sector lender Indian Bank today said that the current financial year will be a tough one for banks.

\\\\...

To serene

Pl.read this:Tata Tea Ltd has informed the Exchange that the Register of Members of the Company and the Register of Transfer of Shares will remain closed from August 05, 2008 to August 22, 2008, both days inclusive, for the purpose of holding the Annual General Meeting which will be held on August 22, 2008.

During the book closure,you have purchased the shares. So your purchase could not be registered in the books of the company, (which was closed for any addition or delision) for paying the dividend. So if you are getting any chance to sell at 15 to 20 % profit,sell the shares in two or three lots.
Please take your own decision and I have given my view only.

v.krishnamoorthy...

PSU bank growth may be hit by 51% govt holding, says RBI

Bs Reporter / Mumbai September 05, 2008, 4:14 IST

The Reserve Bank of India on Thursday said that the growth of the 20 public sector banks could be affected due as the government holds a majority stake in these banks.

In the Report on Currency & Finance, the report released by the apex bank on Thursday, the regulator estimated that over the next five years, banks would need Rs 5,70,000 crore to finance their expansion. Of this, public sector banks would account for nearly two-thirds, or Rs 3,70,000 crore , of the capital needed.

The statement comes at a time when public sector banks, which account for more than 70 per cent of the business, have sought a relaxation on the 51 per cent floor on government holding. Five years ago, a Bill to amend the law that mandated majority government control was not passed by Parliament.

The Manmohan Singh government had at the start of its term said that it did not intend to alter the public sector character of these banks and there has been no change in its stance. Realising that the banks are facing problems in raising funds without diluting government holding, the Centre and RBI allowed them to issue hybrid instruments and preference shares.

While RBI came out with an unexpected position on public sector banks, it did not surprise foreign banks by indicating that it would prefer a gradual opening up after carefully weighing in concerns on concentration due to consolidation, potential conflict of interest and higher chances of contagion effects. The regulator is already expecting acceleration in the consolidation process.

In addition, it said that the foreign banks, which had a lower cost of funds, were not passing on the benefit to borrowers and that was showing in the high net interest margins.

At the same time, it warned of the possible pressure on net interest margins due to increased competition and exhorted banks to stay away from excessive dependence on borrowings and instead focus on deposit mobilisation.

While maintaining that regulation of financial conglomerates posed a challenge for the regulators, RBI made a special mention of the growing use of e-finance products saying they posed certain risks for banks and required specific safeguards. Further, it called upon banks to improve their operational efficiencies as the cost of intermediation remained high in the country.

RBI, which has been flagging the risk of higher delinquency rates on retail assets in the recent past, cautioned banks on the potential asset-liability mismatch due to increased exposure to the infrastructure sector. It suggested that the long-tenure loans could be transferred to the balance sheet of other financial players.
source: Bsu.Std.

v.krishnamoorthy...

full post... Opto Circuits gains on deferral of fund raising plan Opto Circuits India said that its board has deferred a decision on raising additional funds and will consider the same at the appropriate time. The news was received with mixed feelings after trading hours on Thursday, 4 September 2008. . The company’s current equity is Rs 94.17. Face value per share is Rs 10.with an annualized EPS of Rs 12.85, by a PE multiple of 25.84. Last month, Opto Circuits India’s board decided to meet on 4 September 2008 to discuss various options for raising funds for its future expansion, growth, joint ventures, acquisitions and research & development activities. No reason was given for the deferment. The investors were placing high hopes on the future of the company's operations. A section was expecting a right issue at a reasonable premium after the proposed bonus issue. In May 2008, the company received marketing approval from the US Food and Drug Administration for two vital signs monitoring systems. In April 2008, Opto Circuits India acquired majority stake in US based Criticare Systems Inc. Opto Circuits India’s net profit surged 30.6% to Rs 30.25 crore on 33.7% increase in net sales to Rs 82.35 crore in Q1 June 2008 over Q1 June 2007. The company is engaged in designing, developing, manufacturing, marketing and distributing medical electronic devices and medical monitoring products. The group operates in two segments namely health and information technology. The company is in a very good wicket to show excellent growth in line with the past performance. Though there is more room for a good rapport with the shareholders,the company has generated enormous good will to get their support at all levels. It is for the company to make good use of it for the future growth Extract: capital Market v.krishnamoorthy...

Full text.... "Views of Oxford Analytica is said to have significance given its network of over 1,000 faculty members at Oxford and other major universities and institutions around the world. Talking about Ambanis, Oxford Analytica said, "The rivalry between the brothers has moved well beyond sports sponsorship and loss of a few contracts. It has begun to affect national politics, too, and billions of dollars in potential investments." About elder sibling Mukesh Ambani, the report said that earlier this year he "intervened on a technical legal point to prevent his brother from participating in a merger between Reliance Telecom and MTN of South Africa, which would have created the fifth-largest telecoms company in the world". "However, Mukesh does not hold the upper hand. The SP has now become a key ally of Congress-led government at the Centre." "When four Marxist parties forced a confidence vote (held on July 22) by withdrawing their support over the issue of a nuclear energy deal with the US, Anil played an important role in securing the requisite backing to keep the government intact — at a cost estimated at some $3 million per vote," it added. "Where the SP's rapprochement with the ruling Congress Party will leave Mukesh and the older Reliance Industries is now a matter of open conjecture." Oxford Analytica regularly comes out with the analysis of implications of national and international developments facing corporations, banks and governments across the world. The report further said that "SP leader Amar Singh is believed to have demanded from the government, as the price of its support, a windfall tax on private energy companies and a ban on the export of refined petroleum products — both of which would devastate Mukesh's interests". "While the government has yet to respond to these demands, which would hit many more companies than Reliance, they have a populist appeal and could be enacted," Oxford Analytica said. source: Bus. std. v.krishnamoorthy ...

Tata Tea , Leave it ! Where is Tata Tea in Mumbai (Society outsells Tata here), in Pune (again Society/Girnar), Ahmedabad-Baroda (Wagh Bakri outsells), Delhi, Nasik (Sapat), Nagpur (Sapat outsells), Bangalore(Red Label is ahead), Chennai, Hyderabad,MP/Chattishgarh (Sapat again).These places are \\\\...

The full report is.... FY08 will be a tough year for banks: Indian Bank CMD M S Sundara Rajan Press Trust Of India / New Delhi September 04, 2008, 17:50 IST Concerned over rising interest rates and slowdown in the economic growth, public sector lender Indian Bank today said that the current financial year will be a tough one for banks. "2008-09 is going to be a tough one. We will try and I am sure we can handle the year well," Indian Bank Chairman and Managing Director M S Sundara Rajan said at an inauguration of bank's branch here. Meanwhile, talking about interest rates and further tightening of monetary policy by the Reserve Bank, he said: "We will wait and watch." When asked whether the industrial slowdown would have an affect on the banking industry, he said, "I don't see any slowdown. Indian Bank is doing well. I expect the business to grow further." The country's industrial production slowed down to 5.2 per cent in the first quarter of this fiscal as compared to 10.3 per cent in the year-ago period. Indian Bank today opened another branch here taking its total number of branches to over 1,550 across the country v.krishnamoorthy ...

Still, Our Union Bank inspite of all difficulties has rewared the shareholders in the last 2-3 days by moving towards higher levels of 155+ ...

Guys no point in fighting at personal lavel. Over here everybody should target their basic goal of wise investment and earning good returns. That is why we read message board. Please avoid personal fights. Everybody has own views and we should respect their views and take decisions on his own. Nobody follows others opinions blindly. Sharing of analysis and information should be encuraged....

Thanks Mr. Krishnamoorthy, I have 15 bbl @ 2600/-. I am less than 40 years of age and am a long term investor. My job does not allow me to follow market too closely and as a result do not transact more often and am a forced passive investor. I then failed to understand that bbl has substantial investment in Seimens and that caused the rise and the subsequent slump. Wish if you can confirm that. How long do you consider long term investment in this counter? I understand the global finance scene is quite bleak and will take a while to clear the mess created. You think it can give 15 to 20% CAGR over a five-year period? You think it would be prudent to average, the next time it moves to the 1000-1200 range? I am quite bullish on India Infrastructure story and if India has to be a global industrial, financial destination, infrastructure growth is compulsory. Since you are/will be in touch with the financials, request you to share your analysis and opinion on the board to help other boarders. Thanks in advance. Regards, Jimmyrocks...