DLF

Hypo Real Estate Holding AG bankrupt

Posted by : vtycoon
Price when posted : BSE: Rs 336.40 ( -2.56 % ), NSE: Rs. 336.35 ( -2.59 % )

View full thread (1 messages)

Tracked by: 0 Boarder

Oct. 5 (Bloomberg) -- The German government led talks to salvage a 35 billion-euro ( billion) bailout plan for Hypo Real Estate Holding AG today after the ailing property lender said commercial banks withdrew their support.

``We will see how we can clean up the mess that has been presented to us,`` Finance Ministry spokesman Torsten Albig said in a phone interview in Berlin. ``Everyone involved in this is hopefully aware of their responsibilities.``

The government and the Bundesbank have said that Hypo Real Estate, the nation`s second-biggest property lender, is too big to fail. The negotiations to save it occur as the Belgian government today is attempting rescue Fortis, that nation`s largest financial-services company, after a previous bailout also went awry amid the intensifying global credit crunch.

``All parties involved including banks and insurers are being invited by the government to meet once again, and I`m pretty shocked that this bank`s management has revealed another liquidity gap of an unforeseen size,`` German Finance Minister Peer Steinbrueck said in Berlin today in comments broadcast by ARD television. ``We will have to start over again from last weekend`s meetings. Hypo Real Estate has to be stabilized otherwise the damage would be unpredictable.``

Steinbrueck`s comments ``indicate that in the end it will boil down to a bailout,`` said Kerstin Vitvar, a Munich-based analyst at UniCredit SpA who has a ``sell`` rating on the hares. ``Shareholders will end up almost empty-handed.``

Funding Requirements

Hypo Real Estate`s shares have declined 79 percent this year, valuing the Munich-based company at 1.6 billion euros.

Hypo Real Estate`s financing needs exceeded the bailout plan guarantee, German newspaper Die Welt reported yesterday, citing unidentified people in the finance industry. It will need 20 billion euros by the end of next week and 50 billion euros by the end of the year, according to the newspaper. As much as 100 billion euros may be needed to shore up the bank`s finances by the end of 2009, Die Welt said.

``A financing need of 100 billion euros as reported by Die Welt is absurd out of today`s perspective,`` Hypo Real Estate spokesman Hans Obermeier said in a telephone interview today.

Heiner Herkenhoff, a spokesman for the German BDB banking association, declined to comment on the figures. Bundesbank spokesman Christian Burckhardt said Bundesbank President Axel Weber is participating as an adviser to the government in the discussions.

Failed Plan

``The financing situation has further deteriorated over the past week because of the speculation about a possible wind-down of the company,`` Obermeier said.

In the failed rescue plan, the European Central Bank and the Bundesbank planned to contribute jointly 20 billion euros to a credit line for Hypo Real Estate, while a group of unidentified banks agreed to provide another 15 billion euros. The plan called for Hypo Real Estate to use 42 billion euros in assets, mostly debt owed by government borrowers, as collateral.

The lender sought the lifeline after its Dublin-based Depfa Bank Plc unit, which specializes in government lending and depends on now-closed money markets for funding, failed to get short-term funding amid the credit crunch.

Failure to provide the rescue package ``may have triggered unpredictable consequences for the German financial and economic system similar to those of the collapse of U.S. financial group Lehman Brothers,`` the Bundesbank and BaFin said in a joint letter dated Sept. 29 and addressed to Finance Minister Steinbrueck.

J.C. Flowers

``If we had not acted, the bank`s crisis wouldn`t have just hurt the financial sector, but its network of business would have hurt the real economy, in Germany and beyond,`` Steinbrueck said the same day.

Hypo Real Estate, run by Chief Executive Officer Georg Funke, 53, since it was spun off from HVB Group in 2003, reported a surprise 390 million-euro writedown on collateralized debt obligations on Jan. 15. The company said Aug. 13 that second- quarter pretax profit plunged 95 percent because of further markdowns on debt-related investments.

A group led by J.C. Flowers & Co., the buyout firm run by Christopher Flowers, bought a 24 percent stake in Hypo Real Estate for about 1.13 billion euros in June.

The global financial crisis that prompted Lehman Brothers Holding Inc.`s Sept. 15 bankruptcy filing is weighing on Europe. Belgium and France on Sept. 30 threw Dexia SA a 6.4 billion-euro lifeline. UniCredit SpA is seeking to raise boost its capital, and the Icelandic government is reportedly trying to arrange a 10 billion-euro injection into its banking system.

European leaders yesterday pledged to bail out their own nations` banks while stopping short of a regional rescue effort to deal with the global credit crisis. ...

buy dlf

Posted by : fmcgbites
Price when posted : BSE: Rs 336.40 ( -2.56 % ), NSE: Rs. 336.35 ( -2.59 % )

View full thread (6 messages)

Tracked by: 0 Boarder

you are right, real fall in dlf has yet to unfold. STAY AWAY from all realty stocks....

In reply to:

buy dlf

Posted by : pkk07

Dont talk nonsense.

This stock is dead for long investing.

buy dlf

Posted by : shareviews
Price when posted : BSE: Rs 336.40 ( -2.56 % ), NSE: Rs. 336.35 ( -2.59 % )

View full thread (6 messages)

Tracked by: 0 Boarder

Really bad going for DLF inspite of its high reputation. Wish to see it getting support at current levels. ...

In reply to:

buy dlf

Posted by : pagal hui mai

buy dlf blow 330.target 500.time origon 6-8 month.it`s a good chance to get a good compeny on low price.

buy dlf

Posted by : pkk07
Price when posted : BSE: Rs 336.40 ( -2.56 % ), NSE: Rs. 336.35 ( -2.59 % )

View full thread (6 messages)

Tracked by: 0 Boarder

Dont talk nonsense.

This stock is dead for long investing....

In reply to:

buy dlf

Posted by : pagal hui mai

buy dlf blow 330.target 500.time origon 6-8 month.it`s a good chance to get a good compeny on low price.

Support-Resistance LEVELS for TOMORROW !

Posted by : DUstocks
Price when posted : BSE: Rs 336.40 ( -2.56 % ), NSE: Rs. 336.35 ( -2.59 % )

View full thread (1 messages)

Tracked by: 0 Boarder

R3 R2 R1 P S1 S2 S3
364.00 356.85 346.60 339.45 329.20 322.05 311.80
...

DLF may slip to Rs 240-260: Bose

Posted by : scorpio_ashish
Price when posted : BSE: Rs 336.40 ( -2.56 % ), NSE: Rs. 336.35 ( -2.59 % )

View full thread (4 messages)

Tracked by: 0 Boarder

Man dont make such mistake, DLF is well known trusted company and will give you very good returns in near future.

I am not having any trust remaining on these so called "Analysts". If one day these guys sees market negative they will give tell something negative and next day if market jumps back they will say completely opposite about the market. And thats really very very funny.

Use your mind and listen to your heart, and based on this take decision. Don`t expect profit every time in "Short Terms", sometime you have to wait for the right time to come out with profit.

I am having 100 @ 336 (bought on 3rd Oct).

All the Best!...

In reply to:

DLF may slip to Rs 240-260: Bose

Posted by : Guest

what i have to do ???? sell or buy...

buy dlf

Posted by : pagal hui mai
Price when posted : BSE: Rs 336.40 ( -2.56 % ), NSE: Rs. 336.35 ( -2.59 % )

View full thread (6 messages)

Tracked by: 0 Boarder

buy dlf blow 330.target 500.time origon 6-8 month.it`s a good chance to get a good compeny on low price....

Exit DLF at Rs 500: Tulsian

Posted by : nitin_moneybhai
Price when posted : BSE: Rs 336.40 ( -2.56 % ), NSE: Rs. 336.35 ( -2.59 % )

View full thread (9 messages)

Tracked by: 0 Boarder

Another good opportunity to earn thousands of rupees is that register ur mobile number at the following link:

http ://ww w.mGinger.co m/index.jsp?inviteId=cancerpower

remove the spaces from the above link

get registered on the above link and build ur network..for adv messages u will be paid and people are earning thousands....

as it is new....u can build a network easily and start earning...

Rating :  

Report it Rate Reply

In reply to:

Exit DLF at Rs 500: Tulsian

Posted by : shareviews

I feel as a Company there is nothing much to worry, but the problem is due to the negative trend the sector is facting and hence DLF is beaten down so havily. I think the stock should get support at 300 levels if at all it continue to fall some more. It is not yet time for further accumulation for those who intend to average it.

Exit DLF at Rs 500: Tulsian

Posted by : shareviews
Price when posted : BSE: Rs 336.40 ( -2.56 % ), NSE: Rs. 336.35 ( -2.59 % )

View full thread (9 messages)

Tracked by: 0 Boarder

I feel as a Company there is nothing much to worry, but the problem is due to the negative trend the sector is facting and hence DLF is beaten down so havily. I think the stock should get support at 300 levels if at all it continue to fall some more. It is not yet time for further accumulation for those who intend to average it....

In reply to:

Exit DLF at Rs 500: Tulsian

Posted by : novice1000

dear aranjan,

This company is going to face cery very tough times in the days to come.Averaging will prove to be a very costy mistake.

Expecting 700 levels in an year is only wishful thinking.

regards

multibaggerstockadvisor.blogspot. com

Posted by : Guest
Price when posted : BSE: Rs 336.40 ( -2.56 % ), NSE: Rs. 336.35 ( -2.59 % )

View full thread (1 messages)

Tracked by: 0 Boarder

we should have the idea from the title of this message before making any investment for better returns...

DLF to sell stake in DLF Utilities; stock down

Posted by : MMB Messenger
Price when posted : BSE: Rs 336.40 ( -2.56 % ), NSE: Rs. 336.35 ( -2.59 % )

View full thread (1 messages)

Tracked by: 0 Boarder

At 10:18 am, DLF was quoting at Rs 340.45, down Rs 4.8, or 1.39%. It has touched an intraday high of Rs 348.95 and an intraday low of Rs 335. The company has plans to sell stake in DLF Utilities, SPV to raise USD 1.25 billion, reports DNA. ...

dlf

Posted by : pagal hui mai
Price when posted : BSE: Rs 336.40 ( -2.56 % ), NSE: Rs. 336.35 ( -2.59 % )

View full thread (1 messages)

Tracked by: 0 Boarder

dear investors,
can any body tell me what is the right price of dlf.is dlf on bottem or more pain in this counter.
pagal hui mai
4/10/08...

DLF Sept \\\\

Posted by : vswarna_kumar
Price when posted : BSE: Rs 336.40 ( -2.56 % ), NSE: Rs. 336.35 ( -2.59 % )

View full thread (2 messages)

Tracked by: 0 Boarder

As we know due to financial crunch all over the world and with high inflation and interest on home loans could dip the sales of reality and the profit of this sector is going to be big concern in the stock market on reality sector which will not excuse DLF so book profit in right time and exit...

In reply to:

DLF Sept '08 qtr PAT seen at Rs 1859.1 cr: Motilal Oswal

Posted by : MMB Messenger

Motilal Oswal has come out with its earning estimates on Real Estate Sector for the quarter ended September 2008. According to the research firm, DLF's September quarter sales are expected to go up 31% at Rs 42,579 million versus Rs 32,499 million on YoY basis.

DLF Sept '08 qtr PAT seen at Rs 1859.1 cr: Motilal Oswal

Posted by : MMB Messenger
Price when posted : BSE: Rs 336.40 ( -2.56 % ), NSE: Rs. 336.35 ( -2.59 % )

View full thread (2 messages)

Tracked by: 0 Boarder

Motilal Oswal has come out with its earning estimates on Real Estate Sector for the quarter ended September 2008. According to the research firm, DLF's September quarter sales are expected to go up 31% at Rs 42,579 million versus Rs 32,499 million on YoY basis....

Posted by : raj_tibs
Price when posted : BSE: Rs 336.40 ( -2.56 % ), NSE: Rs. 336.35 ( -2.59 % )

View full thread (13 messages)

Tracked by: 0 Boarder

Yes indeed... Realty almost became a bubble.. I think people will get an opportunity soon to exit dlf at around 450......

In reply to:

Posted by : novice1000

dear raj,

I tried to warn people about these realty companies.It is very unfortunate for the customers..

Infact realty story is no different from the dotcom bust.

regards