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Biocon
RS 40 cr forex loss
Posted by :
psgsTracked by: 1 Boarder
i know. mark to mark losses actual are losses arising out of those forward contract which expire before the last day of the quarter. MTM provision will be made only on those open contracts which are existing/open on the last day of the quarter. thus, provision needs to be made using the closing currency rate on that day.
i feel biocon is headed towards 140-130 levels. its a good price for biocon as it is not delivering. management is very dull. how can any company sustain such high valuations.
they have sold thir enzymes business last year and now concentrating on bio-pharmaceuticals. they are spending this profit left & right in R&D. what is the use. these are all eye wash games. kiran`s ego and over-confidence. 50% of the R&D she is incurring is just waste and out of her own egoism. never trust this management.
even bonus issue was an eye wash. there was no enough reserves and future revenue and profit visibility till 2011 is very bad, but still bonus was given. but it did not help anyways. now at 320 (bonus adjusted rate) it has gone below its 52 week low price. i feel biocon is very week on charts and also fundamentally bad as the management is moving in the wrong path.
if there is no licensing income in q2 they will have to take severe hits on their forex forward contracts and also booked losses by now. its a very bad counter to be in now. may be if the management delivers something spectacular as they are expected to, then the stock would once again start flying. otherwise its better to be called as a forgotten biotech company of India. better to exit.
swamy.
...
In reply to:
RS 40 cr forex loss
Posted by :
sanecouncel.
i do not know but my guruji is expert and he told me that in this 2nd quarter biocon will have to make provision for MTM forex loss anywhere between 32-40 crore inr but that will be a..... 
RS 40 cr forex loss
Posted by : sanecouncel.Tracked by: 1 Boarder
i do not know but my guruji is expert and he told me that in this 2nd quarter biocon will have to make provision for MTM forex loss anywhere between 32-40 crore inr but that will be a........
In reply to:
RS 40 cr forex loss
Posted by : Guest
sane
(1) can you explain difference between mark to market loss (actual) and mark to market loss provision on account of forward cover on export revenues?
i think you are an expert of forex transactions???????
RS 40 cr forex loss
Posted by : GuestTracked by: 1 Boarder
sane
(1) can you explain difference between mark to market loss (actual) and mark to market loss provision on account of forward cover on export revenues?
i think you are an expert of forex transactions???????...
In reply to:
RS 40 cr forex loss
Posted by : sanecouncel.
biocon is going to have rs 40 cr mark to market forex loss in q2 fy09
Bonus shares in ICICIDirect
Posted by : GuestTracked by: 0 Boarder
even i didnt receive it, but does it matter , a non performing company, had we put the money in dishman :o(...
In reply to:
Bonus shares in ICICIDirect
Posted by :
sumong
Hi guys...did all get Biocon's bonus shares in their ICICIDirect A/C...pls let me knw...as I've not yet rcvd it...
RS 40 cr forex loss
Posted by : sanecouncel.Tracked by: 1 Boarder
biocon is going to have rs 40 cr mark to market forex loss in q2 fy09
...
Biocon to Soar from Monday
Posted by : sanecouncel.Tracked by: 0 Boarder
what about fundamental, biocon is loosing rs 40 cr as forex loss????/...
In reply to:
Biocon to Soar from Monday
Posted by : Guest
Biocon to soar upto Rs 245 continously as it has formed the triple touch fulcrum as per technical analysis.
Bonus shares in ICICIDirect
Posted by : sumongTracked by: 0 Boarder
Hi guys...did all get Biocon's bonus shares in their ICICIDirect A/C...pls let me knw...as I've not yet rcvd it......
Biocon to Soar from Monday
Posted by : GuestTracked by: 0 Boarder
Biocon to soar upto Rs 245 continously as it has formed the triple touch fulcrum as per technical analysis....
Sell Biocon @ 195
Posted by : sanecouncel.Tracked by: 0 Boarder
hi psgs bhai, last 5 minues , maja aaya...111000 plus o/s in fo was the reason...
In reply to:
Sell Biocon @ 195
Posted by : psgs
hi sane,
what is your ST target for biocon now?
swamy.
Sell Biocon @ 195
Posted by : sanecouncel.Tracked by: 0 Boarder
3.26 pm LT. yes i got bonus shares on monday itself....
In reply to:
Sell Biocon @ 195
Posted by : sanecouncel.
hi psgs , i only buy during panic selling never in slow and slow slow going down, like ranbaxy sink today though news is bad there .
so wait for panic selling if any , in bear market you will never miss bus, bus will come to your doorstep, you just need some patience
Sell Biocon @ 195
Posted by : sanecouncel.Tracked by: 0 Boarder
hi psgs , i only buy during panic selling never in slow and slow slow going down, like ranbaxy sink today though news is bad there .
so wait for panic selling if any , in bear market you will never miss bus, bus will come to your doorstep, you just need some patience...
In reply to:
Sell Biocon @ 195
Posted by : psgs
yes sane bhai,
u are right. its good to hold cash and wait for the dream prices. many counters have already touched those dream prices. but its tempting to enter now. but very scary at the same time. so one has to buy in regular intervals i feel. if u miss the bus finally after waiting for so many months whats is the point. so better start buying at current levels in instalments dear. i want to buy some shares now.
well....what about the bonus shares yaar. is it credited to your account or what? when did the bonus shares got credited to your account.
please reply back with details.
thanks,
swamy.
Sell Biocon @ 195
Posted by : psgsTracked by: 0 Boarder
yes sane bhai,
u are right. its good to hold cash and wait for the dream prices. many counters have already touched those dream prices. but its tempting to enter now. but very scary at the same time. so one has to buy in regular intervals i feel. if u miss the bus finally after waiting for so many months whats is the point. so better start buying at current levels in instalments dear. i want to buy some shares now.
well....what about the bonus shares yaar. is it credited to your account or what? when did the bonus shares got credited to your account.
please reply back with details.
thanks,
swamy.
...
In reply to:
Sell Biocon @ 195
Posted by : sanecouncel.
no target for any stock , this is not a normal situation prevailing in market , wait for dream price.... it may come or may not, but if that happens u will find me there dear psgs
Sell Biocon @ 195
Posted by : sanecouncel.Tracked by: 0 Boarder
no target for any stock , this is not a normal situation prevailing in market , wait for dream price.... it may come or may not, but if that happens u will find me there dear psgs...
In reply to:
Sell Biocon @ 195
Posted by : psgs
hi sane,
what is your ST target for biocon now?
swamy.
7th largest Bio-Tech in World
Posted by : rvk41Tracked by: 0 Boarder
Biocon Ltd has been ranked as the seventh largest employer amongst the top global biotechnology companies by global BT magazine Med Ad News.
Med Ad News provides readers with extensive insight into trends and events affecting pharmaceutical business, product marketing, and sales.
Biocon among top 25 biotech companies
According to a report released by Med Ad News, which takes into consideration drug-based firms, the city-based Biocon had been ranked seventh-largest by number of employees it employed, a Biocon release said here today.
BIO 2008, held in San Diego, stated that the global biotechnology industry will be a $100 billion annual business by 2010. The revenue had reached $85 billion in 2007.
There were close to 5,000 biotech companies across the globe. The top 25 biotech companies represent 62 per cent of all biotech sales and probably over 90 per cent of income.
Reacting to the listing, Kiran Mazumdar-Shaw, CMD of Biocon said, \"It is a matter of immense pride for Biocon to be ranked amongst the top global league of Biotech companies.
\"This is a validation of our consistent effort at attaining global leadership and also highlights the true potential of this sector in a country like India.\" Amgen Inc is the top ranked BT company in the world having a staff strength of 20,100 in the year 2007, while Biocon had a strength of about 3,000.
Established in 1978, Biocon and its two subsidiaries, Syngene and Clinigene form a fully integrated biotechnology enterprise, with specialised focus on bio pharmaceuticals, contract research and clinical research.
For information,with regards
rvk41...
Sell Biocon @ 195
Posted by : abc13Tracked by: 0 Boarder
bonus shares have been credited in my reliance money demat a/c directly...
In reply to:
Sell Biocon @ 195
Posted by : psgs
dear vkk43,
has the bonus shares got credited to the demat accounts?
when it will be credited if not? kindly reply.
swamy.
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