Coal India - Forced Hefty Interim Dividend of Rs. 29 Per Share ( Rs.10 Paid )
This is a Political decision and amounts to Asset Stripping.
Such policies will put these Nav Ratnas on financial Wheel Chairs ( a la State Electricity Boards )
Govt. should have , instead, reduced its Vote Bank driven subsidies, especially on Diesel / Fertlisers
http://www.moneycontrol.com/news/buzzing-stocks/coal-india-stock-tanks-10-as-it-goes-ex-dividend_1026315.html?topnews=1
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Caution :The blog writer has personal / family members' holdings in this company ,so please make suitable "provisions " for likely over optimism .
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This is a Political decision and amounts to Asset Stripping.
Such policies will put these Nav Ratnas on financial Wheel Chairs ( a la State Electricity Boards )
Govt. should have , instead, reduced its Vote Bank driven subsidies, especially on Diesel / Fertlisers
http://www.moneycontrol.com/news/buzzing-stocks/coal-india-stock-tanks-10-as-it-goes-ex-dividend_1026315.html?topnews=1
=================================
General Warning : Investment in shares can be injurious to your WEALTH.
Caution :The blog writer has personal / family members' holdings in this company ,so please make suitable "provisions " for likely over optimism .
All facts stated in Good Faith . Please recheck every face. no responsibility with the Blog / Writer
Govt. should have used this Cash with Coal India to allow it to buy Coal / Oil assets abroad. This is what China is doing. And we are diverting our money towards financing Vote Bank subsidies.
ReplyDeleteNo wonder , China is ahead of us.