July 23, 2011

Bharat Commerce - Wound Up - Update by Satyakam Mishra

Dear Mr. Aggarwal

As per the records of Office Of Official Liquidator, Indore, petition 12/04 was filed for compulsory winding up of M/s. Bharat Commerce & Industries Ltd. Nagda dated 11/07/2005 which has already been granted.

Quoting a 2001 report in 2011, I found that little comical.

Satyakam Mishra

  reachsatyakam@gmail.com

http://equityconnect.blogspot.com/

3 comments:

Satyakam said...

Ref: Haryana financial Corp post

Dear Ashwaniji, This seems a deceptive offer. I noticed from the gentleman's blog where he is selling the Haryana Financial Corp shares at Rs 200. Some of his other selling are

 Aricent tech -600 per share in Demat 1600 shares
 Banaras beads-50 per share
 Crimson metal-40 per share
 Mid east Int steeel-20 per share
 Volvo steel-72 per share
 Haryana financial Corp -200 per share
 Maya Rasayan 10 per share

Haryana Financial has an equity capital of 185 cr and assessed at Mr. Vikas’s price it will have a valuation of 12000 cr. The corporation has stopped fresh sanctions w.e.f. 27.05.2010.

Aricent tech is traded at 85-120, so we can gauge that the seller is offering flippant quotes. I think the visitor to this blog are intelligent investors and cannot be fooled. I hope the reader’s of this blog are allowed to debate the offers as well. I wanted to raise caution over offer and prices quote which are not realistic. I anticipate that I have your permission and comply with policy of this blog.

Warm regards,

Satyakam

Satyakam said...

My Losses this year

Mphasis - Substantial price cuts from (parent company) HP, which accounts for 70% of total revenues, was responsible for the decline in revenues. HP’s interests as a customer will continue to hold primacy over its interests as a shareholder in Mphasis. CLSA has also cut its earnings estimates, reiterated its ‘sell’ rating on the stock, and slammed the management for poor corporate governance (Bought at 600 plus – Now quoting at 440 Odd)

RCOM- corporate governance issues, the top line has been affected by low-profile subscriber base and price wars have reduced margins which in turn had reduced the stock to shambles. RCOM has been scouting around for buyers and has said there are several offers for Rcom Infratel stake. Everybody is talking to everybody. But these are only talks (Bought @ 250 and still holding. Waiting for the deal to happen)


Delta Corp - Samir Arora and Rakesh Jhunjhunwala bought that stock and it worked like a charm for me as well. I am down 20% on this and still holding.

Ashwaniji, please let me know yours too.

vishwaas said...

Satyakamjee,I appreciate your analytical powers,and candidness.Most of dealer quotes (including 3A Cap who contact by phone also) are traps for swindling uninformed shareholders.