lifaylon, SY, Me n RN reached heaven... Now Sy was ridiculed so much by lifaylon that he was conferred magical powers by god and asked to create something... He was given 3 days... At the end of 3 days All 5 of us including god assembled at the place and found and empty swimming pool staring at us... Sy claimed he had used the magical powers on it and a word was to be said before jumping in... Well God asked lifaylon to jump in... He was now a lil doubtful of SY's intent and since I was the one supporting SY in this regards asked me to jump in... Well I did uttering the word whiskey and sure enough when I jumped in the pool was filled with the finest whisky you could find... All of us savoured it... And now it was lifaylon's turn... Well he pointed again to RN and said "Ladies first"... Now it was RN's turned and she jumped murmurring holy milk under her breath... Sure the Pool got filled with the holy milk... Again God turned to lifaylon... He had not other option but to jump... Well he adjusted his suit... His tie... fidgeted around for sometime and moved forward towards the pool taking a deep breath... As he stepped forward he stumbled into the pool as he fell he shouted... SHIT !!! Ha Ha Ha Ha Ha... ROFL...
Well this is a joke told by Osho... lifaylon replaced by the US prez...RN By Indira Gandhi... and russians by SY and me by a fellow russian who says vodka... There was also a scottish premier who shouts Champane... Cheers...
Monday, February 18, 2008
Why is RelPower so expensive !!!
A few years back... Those were the times... Aamir Khan was doing paanch rupiya mein coke wala ad... Remember the query from Aamir... Baap kitne hain tohre... Paanch comes the reply from a crook asking for more money... Well me n my collegues would go out for lunch and this new restaurant had come up... So we visited the place... Now the first thing we got was a cool drinks menu... And 200 ml of coke was priced at... 40 bucks... Nothing less... We just got up and left... Nothing more we could do !!! Then again this was a place which had steel chairs to sit on... Not the normal ones... But ones with a long back rest... 9 inches for ur butt in all... LOL... The ones that probably cost as much as the coke... So we decided to give the place a coke...
But then again... the fact that he could price it at that price meant people were ready to pay up that price... So it was there... But not for long... A couple of years... Then it closed down... See the similarity with Rel Power... So if somebody asked me I just said it is not worth it... Maintaining it was overpriced... By how much... Well we had clowns on ur channels claiming even at 400 it was overpriced... While some bengali babu claimed it was a buy and u sure got him with his recommendation of Rel Energy at 2200... He did claim it was a bigger buy now.... Making a bigger fool of himself in the process... LOL...
Now getting back to Rel Power... Now it showed a profit of 16 lakhs... Meaning it was more of a brand new company... In which Rel Energy held 50% and a company called AAA Enterprised held 50%...
So whatz the money AA put in for his 50% stake ? Nobody bothered to find out... But then again the book value of the stock when the results are out will go a long way... unless our friend decides to revalue some assets exorbitantly... And knowing him he sure will... And this guy talked of giving excellent corporate governance when he got a slice of Reliance taking a dig at Mukes... Anyways again beside the point... Lets get back to its pricing...
Now this is a what ? 6 month old company ??? Assuming 10 bucks went in for each share... What would realistically be the price for a 6 month old company ??? Take the elder brother... His own issue was at 60 bucks... And it too was as old as Rel Power... And people felt that that issue was overpriced at that time... Now SP Tulsian being close to the elder brother and with the company can talk crap about leaving 15% on the table.... But fact remains... There is no way anybody can earn a 50 bucks in 6 months to demand such a price from the IPO... meaning one cannot generate a return of 500% in 6 months... Max would be what ??? 50% ??? Meaning the issue price could be with the name premium 25 bucks...
This is exactly what Rel Power is worth... 25 bucks... a share... to begin with... He probably made 3 bucks from the 10 bucks he put in... A grand 60% return annualized for 6 months... And then another 12 bucks for the Ambani name... That is a premium of nearly a 100%... And it was packaged to get 450 bucks !!! And was subscribed to the extent of 190 billion dollors !!! Wow... He got away with murder... But when the guys who put in the money decided to put their head on his terms under the guillotine... They can't be complaining can they ??? So they are paying the price...
Exactly like they will with the Future Capital holding later... Same logic holds... Someday somebody will pay... Till then Biyani can be lauging for getting over 500 bucks from each for a 6 months of work making losses... The last has not been said on this topic amply proved by the clown from the Emmar MGF group making absurd statements after withdrawal of the issue... sadly the small investors will never realize this and will part their hard earned money to these crooks... Only hope is people will wake up to reality.. But will they ? If so when ??? At what time... Now that to me is much more than a 190 billion dollor issue... Cheers...
But then again... the fact that he could price it at that price meant people were ready to pay up that price... So it was there... But not for long... A couple of years... Then it closed down... See the similarity with Rel Power... So if somebody asked me I just said it is not worth it... Maintaining it was overpriced... By how much... Well we had clowns on ur channels claiming even at 400 it was overpriced... While some bengali babu claimed it was a buy and u sure got him with his recommendation of Rel Energy at 2200... He did claim it was a bigger buy now.... Making a bigger fool of himself in the process... LOL...
Now getting back to Rel Power... Now it showed a profit of 16 lakhs... Meaning it was more of a brand new company... In which Rel Energy held 50% and a company called AAA Enterprised held 50%...
So whatz the money AA put in for his 50% stake ? Nobody bothered to find out... But then again the book value of the stock when the results are out will go a long way... unless our friend decides to revalue some assets exorbitantly... And knowing him he sure will... And this guy talked of giving excellent corporate governance when he got a slice of Reliance taking a dig at Mukes... Anyways again beside the point... Lets get back to its pricing...
Now this is a what ? 6 month old company ??? Assuming 10 bucks went in for each share... What would realistically be the price for a 6 month old company ??? Take the elder brother... His own issue was at 60 bucks... And it too was as old as Rel Power... And people felt that that issue was overpriced at that time... Now SP Tulsian being close to the elder brother and with the company can talk crap about leaving 15% on the table.... But fact remains... There is no way anybody can earn a 50 bucks in 6 months to demand such a price from the IPO... meaning one cannot generate a return of 500% in 6 months... Max would be what ??? 50% ??? Meaning the issue price could be with the name premium 25 bucks...
This is exactly what Rel Power is worth... 25 bucks... a share... to begin with... He probably made 3 bucks from the 10 bucks he put in... A grand 60% return annualized for 6 months... And then another 12 bucks for the Ambani name... That is a premium of nearly a 100%... And it was packaged to get 450 bucks !!! And was subscribed to the extent of 190 billion dollors !!! Wow... He got away with murder... But when the guys who put in the money decided to put their head on his terms under the guillotine... They can't be complaining can they ??? So they are paying the price...
Exactly like they will with the Future Capital holding later... Same logic holds... Someday somebody will pay... Till then Biyani can be lauging for getting over 500 bucks from each for a 6 months of work making losses... The last has not been said on this topic amply proved by the clown from the Emmar MGF group making absurd statements after withdrawal of the issue... sadly the small investors will never realize this and will part their hard earned money to these crooks... Only hope is people will wake up to reality.. But will they ? If so when ??? At what time... Now that to me is much more than a 190 billion dollor issue... Cheers...
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