Gujarat Alkalies and Chemicals

30% Profit looting of Guj PSU -GMDC, GACL

Posted by : ravipratap61

DEAR googol...i have been on this site for many years...i have no lobby, no supporter...nor i need one as i have to make profit by ethical means.I DO NOT follow any kalidas, ramdas...as i believe in informed knowledge and gain from it.
SIR, i stand by my writeup:PLEASE SEE THE TIMES OF INDIA,DATED THURSDAY,SEPTEMBER 4,2008. PAGE 8: HEADING-GUJ govt asks state cos to pay for welfare scheme.FOR detailed news do buy /get the copy of worlds largest circulated newspaper and decide.
i m also a freelance journalist and will never circulate rumours that may harm my friends or even a stranger. i m here to help and get help from my friends. thanks.

30% Profit looting of Guj PSU -GMDC, GACL

Posted by : googol

0517

Is it so my dear friend/then why I do not find it anywhere in this MC site?Or if you have seen such a report pl.let me know.
The Indian press and media are not so honest as we think themselves to be my friend.They too have vested interests.So we have to be careful before buying and selling.
A public ltd co can not decide on ad hoc basis to donate one third of their earnings to charity.Pl.check with any friends of yours who have good knowledge in company laws and finance.Pl.do not take any hasty decision.
Two months back there was a strong lobby going on in MMB headed by one boarder by name Kalidass who stressed that all financial and banking institutions are in the verge of collapse etc etc and before August Indian Banks would crash.This was followed by several bank shares sliding and one of my friends believing this sold a huge chunk of his Fed.Bank shares for nearly 170.Suddenly everything reversed and the stock is going at 230 now,leaving my friend in deep depression.What do you say for this?
By this I am not trying to blame anyone.Many have the bad habit of exaggerating things,just to impress others.So be very careful
If you want to be called as an expert you can speak the truth or falsehood,or penathify (sorry this word is Tamil )praise,abuse,shout or do anything but SHOULD NOT SAY I DON\\\\

30% Profit looting of Guj PSU -GMDC, GACL

Posted by : googol

0517

Is it so my dear friend/then why I do not find it anywhere in this MC site?Or if you have seen such a report pl.let me know.
The Indian press and media are not so honest as we think themselves to be my friend.They too have vested interests.So we have to be careful before buying and selling.
A public ltd co can not decide on ad hoc basis to donate one third of their earnings to charity.Pl.check with any friends of yours who have good knowledge in company laws and finance.Pl.do not take any hasty decision.
Two months back there was a strong lobby going on in MMB headed by one boarder by name Kalidass who stressed that all financial and banking institutions are in the verge of collapse etc etc and before August Indian Banks would crash.This was followed by several bank shares sliding and one of my friends believing this sold a huge chunk of his Fed.Bank shares for nearly 170.Suddenly everything reversed and the stock is going at 230 now,leaving my friend in deep depression.What do you say for this?
By this I am not trying to blame anyone.Many have the bad habit of exaggerating things,just to impress others.So be very careful
If you want to be called as an expert you can speak the truth or falsehood,or penathify (sorry this word is Tamil )praise,abuse,shout or do anything but SHOULD NOT SAY I DON\\\\

30% Profit looting of Guj PSU -GMDC, GACL

Posted by : novice1000

dear googol,

Let me take little liberty to butt in.

Quote:Two months back there was a strong lobby going on in MMB headed by one boarder by name Kalidass who stressed that all financial and banking institutions are in the verge of collapse etc etc and before August Indian Banks would crash.

Unquote: I am afraid he didnt say about this in Indian banking system except for ICICI. In fact he was talking about global financial gaints collapsing..And he repeatedly mentioned that Indian PSU banking system is the safest.

Regarding ICICI, i am sure you are aware of the problems.. even RBI had to intervene and to warn about the credit expansion beyond the acceptable levels.

In reality, the things are really not looking good at ICICI.. otherwise they would have not increased average amount to be deployed on a quarterly basis for their Savings account from Rs.5000 to Rs.10000.

There is a simple logic which we have to keep in mind here about ICICI.

Economies of scale will result in better efficiencies in any business.But why is it the other way round in the case of ICICI?

Kalidas\\`s criticism for K.V.Kamath attracted the anguish of many boarders which lead to misinterpretation of the whole issue.

One more thing buddy.. Majority of the global financial giants are on the verge of collapsing and there is no doubt in it.

Just the housing martgages( US) alone are to the tune of 5 trillion US $ which are 5 times bigger than Indian GDP.

regards

PS: pls wait and watch ICICI very carefully.. mounting NPAs are what one will hear in the months to come..

What it can do the stock price of ICICI is better left to individual\\`s guess work..

30% Profit looting of Guj PSU -GMDC, GACL

Posted by : novice1000

dear Raj,

Nice to hear from you after one month.. i was thinking about you...Hope the things are moving in the right direction at your end.

Yeah.. Rupee is bound to appreciate if not in hurry atleast in a period of 2 years.

regards

30% Profit looting of Guj PSU -GMDC, GACL

Posted by : raj_tibs

Hey Novice,

Great to see you bro!

Deflation is here, as Kalidas also conjectured.. And the glitter of gold likely to increase a lot -- esp given that rupee is very likely to appreciate at least 10-15 % in 2 years time.

Regards

30% Profit looting of Guj PSU -GMDC, GACL

Posted by : novice1000

dear googol,

Let me take little liberty to butt in.

Quote:Two months back there was a strong lobby going on in MMB headed by one boarder by name Kalidass who stressed that all financial and banking institutions are in the verge of collapse etc etc and before August Indian Banks would crash.

Unquote: I am afraid he didnt say about this in Indian banking system except for ICICI. In fact he was talking about global financial gaints collapsing..And he repeatedly mentioned that Indian PSU banking system is the safest.

Regarding ICICI, i am sure you are aware of the problems.. even RBI had to intervene and to warn about the credit expansion beyond the acceptable levels.

In reality, the things are really not looking good at ICICI.. otherwise they would have not increased average amount to be deployed on a quarterly basis for their Savings account from Rs.5000 to Rs.10000.

There is a simple logic which we have to keep in mind here about ICICI.

Economies of scale will result in better efficiencies in any business.But why is it the other way round in the case of ICICI?

Kalidas\\`s criticism for K.V.Kamath attracted the anguish of many boarders which lead to misinterpretation of the whole issue.

One more thing buddy.. Majority of the global financial giants are on the verge of collapsing and there is no doubt in it.

Just the housing martgages( US) alone are to the tune of 5 trillion US $ which are 5 times bigger than Indian GDP.

regards

PS: pls wait and watch ICICI very carefully.. mounting NPAs are what one will hear in the months to come..

What it can do the stock price of ICICI is better left to individual\\`s guess work..

30% Profit looting of Guj PSU -GMDC, GACL

Posted by : googol

0517

Is it so my dear friend/then why I do not find it anywhere in this MC site?Or if you have seen such a report pl.let me know.
The Indian press and media are not so honest as we think themselves to be my friend.They too have vested interests.So we have to be careful before buying and selling.
A public ltd co can not decide on ad hoc basis to donate one third of their earnings to charity.Pl.check with any friends of yours who have good knowledge in company laws and finance.Pl.do not take any hasty decision.
Two months back there was a strong lobby going on in MMB headed by one boarder by name Kalidass who stressed that all financial and banking institutions are in the verge of collapse etc etc and before August Indian Banks would crash.This was followed by several bank shares sliding and one of my friends believing this sold a huge chunk of his Fed.Bank shares for nearly 170.Suddenly everything reversed and the stock is going at 230 now,leaving my friend in deep depression.What do you say for this?
By this I am not trying to blame anyone.Many have the bad habit of exaggerating things,just to impress others.So be very careful
If you want to be called as an expert you can speak the truth or falsehood,or penathify (sorry this word is Tamil )praise,abuse,shout or do anything but SHOULD NOT SAY I DON\\\\

30% Profit looting of Guj PSU -GMDC, GACL

Posted by : googol

0517

Is it so my dear friend/then why I do not find it anywhere in this MC site?Or if you have seen such a report pl.let me know.
The Indian press and media are not so honest as we think themselves to be my friend.They too have vested interests.So we have to be careful before buying and selling.
A public ltd co can not decide on ad hoc basis to donate one third of their earnings to charity.Pl.check with any friends of yours who have good knowledge in company laws and finance.Pl.do not take any hasty decision.
Two months back there was a strong lobby going on in MMB headed by one boarder by name Kalidass who stressed that all financial and banking institutions are in the verge of collapse etc etc and before August Indian Banks would crash.This was followed by several bank shares sliding and one of my friends believing this sold a huge chunk of his Fed.Bank shares for nearly 170.Suddenly everything reversed and the stock is going at 230 now,leaving my friend in deep depression.What do you say for this?
By this I am not trying to blame anyone.Many have the bad habit of exaggerating things,just to impress others.So be very careful
If you want to be called as an expert you can speak the truth or falsehood,or penathify (sorry this word is Tamil )praise,abuse,shout or do anything but SHOULD NOT SAY I DON\\\\

30% Profit looting of Guj PSU -GMDC, GACL

Posted by : ravipratap61

BUT sir...it is on a reputed channel like CNBC TV18 !!!

30% Profit looting of Guj PSU -GMDC, GACL

Posted by : googol

0516

This is what is known as Agmark Ularal

This is just a rumour to create panic.Such 'diverting of profits' are IMPOSSIBLE,in public limited cos like GACL.Do not fall prey to such rumours and lose your holdings.

Good Luck

30% Profit looting of Guj PSU -GMDC, GACL

Posted by : Guest

I am at Sr position in one of the star PSU of GOG. It is true that Govt of gujarat wants 30% profit money for charity work. Matter is already under consideration by all Guj PSU boards under pressure from GOG Gandhinagar. Its sad for share holders. Can anybody explain whether SEBI can object this ? Is it legal that only promoter can take away profit & other share holders and employees keep watching. Lets awake and file Public interest litigation against this move or else we will have GSFC, GMDC, GACL share price in two figs.

Great looser

Posted by : vasistha

Sir,
pls tell why such things happend..