[T.S.R:17974] IVRCL+IVRCLAH+HDO-Lowest Corp Governance; Sell

IVRCL-Sell

The IVRCL group cos have played the markets to the hilt in the past few years, going through a series of bonus issues, stock splits, IPOs, mergers and demergers. Now after posting their weakest financial performance in a decade, these three companies are going to be merged and demerged again in the fond hope of asset stripping.

 

The Sudhir Reddy run cos have the poorest rating on corporate governance. Sell.

 

IVRCL-What it has done in the past few years?

 

1. Announce a stock split.

2. Follow that up with a bonus issue

3. Come out with an IPO for IVRCL Assets

4. Sell BOT assets of IVRCL to IVRCL Assets and move IPO cash into parent company.

5. Now Announce the merger of IVRCL assets with IVRCL and segregate Real Estate into a separate company.

6. BUY UK based bankrupt firm Davy Markham through Hind Dorr Oliver.

7. Seek a Buyer for HDO.

8. Finally, move HDO's manufacturing unit into a new company and seek a Buyer for either HDO or the manufacturing company.

 

Worst on corporate governance.

 

Sell and never touch this group again.

 

 

 

Safe Harbor Statement:

Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.

 

Nothing in this article is, or should be construed as, investment advice.

 

 

 

 

 

--
For Anything related with Stock market be Online at
http://www.niftyviews.com/
 
Get free updates on your mobile phone. Sms "Join TSR " and send to 09223492234
 
FOR TRIAL STOCK/NIFTY/OPTION CALLS
 
 
You received this message because you are subscribed to Google Group "STOCKRESEARCHER" group.
To post to this group, send an email to STOCKRESEARCHER@googlegroups.com
 
To unsubscribe email
Stockresearcher-unsubscribe@googlegroups.com
 
for more info visit
http://groups.google.com/group/STOCKRESEARCHER?hl=en-GB
.
This is Not a Spam Mail.
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture."