DLF

To Off Load subsidys

Posted by : pkk07

DAL and DLF is another fraud this company is perpetuating. They sell land to DAL and raise funding from it. Both are the companies in same group still they show this as earning in DLF books. Whatever earnings DLF reports is also fraud.

Most important thing is: DLF has paid ZERO advanced tax for this quarter. Does that mean they are not expecting any profits??

To Off Load subsidys

Posted by : rvk41

DLF Ltd, the largest Indian developer, is planning to offload stake to private equity investors in its power venture DLF Utilities and in special purpose vehicles (SPVs) set up for some of its housing projects to generate funds.

The realtor would raise around $1-$1.25 billion from the power subsidiary and housing projects, and the final deal would be clinched by the middle of next month. Investment bank JPMorgan has been appointed to evaluate offers.

“DLF would raise around $500 million from the power business and around $750 million by diluting stake in residential projects to private investors,” a source familiar with the development told DNA Money on the condition of anonymity.

For DLF Utilities, the developer may sell convertible debt, which can be converted at the time of future listing. DLF Utilities is engaged in providing back-up power to DLF’s projects and currently has 24 MW of installed capacity. The capacity is expected to rise to 1300 MW in 5 years.

Meanwhile, DLF Assets, a holding company by DLF Ltd, is also close to striking a $750 million fund-raising deal. An announcement on this is expected in a “month’s time”, said sources. DLF Assets is the primary buyer of properties constructed by DLF.

It purchases assets at market prices. As reported by DNA Money early this year, DAL’s real estate investment trust listing in Singapore equity listing have been put on the backburner due to the current non-conducive environment

“DLF’s receivables from DAL at the end of this year would be around $1.5 billion. In the second and third quarter DAL will pay DLF around Rs 3,000 crore. DLF would find it difficult to execute projects if it does not receive the money from DAL,” an analyst covering DLF said, requesting he be not named since he is not authorised to speak.

DLF Assets has already received $400 million from D E Shaw and $200 million from a fund sponsored by Lehman Brothers. In May, it got $450 million from Symphony Capital, a London-based investment firm.
For information,with

DLF may slip to Rs 240-260: Bose

Posted by : Guest

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

DLF - Min 450+ in ST!

Posted by : sanjeev3430

When I first reading your message I thought you expect the price to more than 250.

I completely agree with your opinion. Land valuation is a question mark. Now a days you get call from real estate developers to sell their products. Before they never even advertised their products. So really looks dire straits for realty stocks.

DLF - Min 450+ in ST!

Posted by : pkk07

How did u come to the fair price of 250 for DLF? I think on fair value basis, looking at its EPS of 15 which will sharply fall going forward, this company is not even worth 150. The book value is 66Rs which should mostly come from its inflated land bank valuation.

Exit DLF at Rs 500: Tulsian

Posted by : aranjan

There is no point in selling DLF at this moment, specially if you have bought at 710. If you are not in need of urgent money then you should wait for 6-12 months. At least you will be able to recover your money.

DLF - Outcome of Board Meeting

Posted by : ch_kiran2

DLF Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 30, 2008, have approved the Public Announcement for Buy-Back of equity shares.

What will be effect of this on share price? Can the shares be accumulated?

Source: BSEWEBSITE: http://bseindia.com/qresann/news.asp?newsid={56DB579B-7D3D-4606-8B6B-AFDD039BB706}¶m1=1

Kiran

Posted by : pkk07

DLF is bluffing. They have always been. They are doing this to prop up their stock price so that they can get better valuations while going for fund raising.
They raised 10,000 crores from IPO last year and they used up all of that in grabbing land at inflated prices. Now as land prices crash, DLF is the Indian subprime story in the making. They dont have money to build. They are firing employees coz they dont have money to pay salaries. Where would the money for buy back come from?
Warren Buffet puts great emphasis on the integrity of company management in making his investment decision. On this one criterion only, DLF is a big zero. They have the most corrupt and unethical management.
This stock is going to hell...

Posted by : pkk07

I read somewhere on Bloomberg that Parsvanath may go bankrupt. And that they are trying to sell their land to raise funding to complete current projects so that they can sell them and get some money from there.

The most unfortunate thing that happens in such cases is that company may stop work on current projects if they can not raise money. Since they do not feel any responsibility towards the general public. Anyone who bought anything with Parsvanath may not get his dream home anytime soon.

Posted by : pkk07

I read somewhere on Bloomberg that Parsvanath may go bankrupt. And that they are trying to sell their land to raise funding to complete current projects so that they can sell them and get some money from there.

The most unfortunate thing that happens in such cases is that company may stop work on current projects if they can not raise money. Since they do not feel any responsibility towards the general public. Anyone who bought anything with Parsvanath may not get his dream home anytime soon.

Posted by : raj_tibs

Same is true of Parsvanath... Firing employees because they cant sell.. And because they cant sell, they cant build...

Posted by : pkk07

DLF is bluffing. They have always been. They are doing this to prop up their stock price so that they can get better valuations while going for fund raising.
They raised 10,000 crores from IPO last year and they used up all of that in grabbing land at inflated prices. Now as land prices crash, DLF is the Indian subprime story in the making. They dont have money to build. They are firing employees coz they dont have money to pay salaries. Where would the money for buy back come from?
Warren Buffet puts great emphasis on the integrity of company management in making his investment decision. On this one criterion only, DLF is a big zero. They have the most corrupt and unethical management.
This stock is going to hell...