We are open to adding you as a private client.


The war in China

Recent Comments

About

Inform. Instruct. Indicate.

The Investment blog is Advantage 'zyaada' freemium offering for your runaway success. We outrank WSJ, FT and most mainstream financial content consistently.


Satyam, up for sale! :- As of last week …

Satyam, up for sale! :- As of last week 11 bidders had entered the fray and a lot of the visitors here have been looking forward to some inside track on the deal. However, Silence is golden. As of now, KKR does not have a confirmed IT specialist bidding with them, IGate have withdrawn as they never had the cash, and another 2-3 (dare i say, IBM) are still looking to price pennies for this add on to their portfolio. However, it is too early to say where the bids will open. If you do go back to my earlier recommendation post Rajuisms hitting global media, The billable staff ( only 50-60% remaiin on rolls ) and the real estate itself should itself be worth $150 million which is more like Rs 35 per share and of couse no one is going to pay a penny of their debt ( not in this market so the equity bid will correspondingly climb down from there. But the bidder even if he does not factor a penny of the liabilities has to pay a minimum of 35-40 per share. That’s what I think. Some of the other suitors like IBM are also going to drop by the way side because of their propensity to look for bargains which as a cycle everyone over does during bear times ( just like they overpay in the boom!) leaving L&T and probably another 2-3 as serious bidders. No one from the IT industry / Outsourcing sector is likely to be interested in Satyam, because it would more or less be seen as a confession of knowledge of glaring lapses in Corporate Governance ( how would you make that silly connection? well, Satyam was around a good 20 years before and nothing has apparently changed in these 20 years). Well, if GE is interested then they do have the wherewithal to carry out the threat and buy Satyam, It would also give them a lot of real estate in their India China story ( which somehow, is all they get!)

Enjoy the weekend!

Blog Traffic Exchange Related Websites
  • Delicious
  • Facebook
  • Digg
  • Reddit
  • StumbleUpon
  • Twitter

Post a Comment



Blog Awards

Top finance blogs award

The Banking and Strategy Initiative

Top finance blogs

Also

Postrank Top Blogs 2009 across 50 categories

Lifestyle Infrastructure

One of our special themes at the Advantages weblogs has been our assertion that US, India, China and most of the rest of the world that is growing

is likely to do so on the basis of a consumption revolution. Below is out insight piece that opened the chapter on India's final coming out that was much awaited but wasn't really happening till 2009..

The Commonwealth Games Infrastructure Train

A few years ago, when the Indian women shot Gold in Commonwealth Hockey and our aim in general started consistently being medal grade, we won the bid for New Delhi to host the games in 2010. This business of infrastructure had been mystifying sportspersons for decades in India; none too easily supported by the overarching smell of rent and inadequate facilities for local sports persons historically.

Even today most sports would bow out in front of Cricket and that is not a full-fledged event at the CWG, though there is still a toss-up for the T20 version to be added. Like most other spheres of life, China has been doing it higher, faster and stronger, having already held the challenging Olympics in 2008 earning over $2b for Beijing, the host city.

The story is quite public and you must have all followed it at least since August 2009 when the first few fistcuffs were exchanged regarding the lack of preparations for the CWG event now just 6-7 months away. The Sports Minister and the Games Organising Committee Chair Suresh Kalmadi has variously ben painted and vilified while we look at the rejuvenated parts of Wembley in London and survive on facepaint and cheering the local IPL franchise in Cricket games. The painting of events apart we just thought it important for Sports and Tourist infrastructure worth $1.5 billion to be included in the India story at about this time.

This preamble would survive your taste buds and your snipping scissors in the mind and we�ll come back right after lunch is over for you..

And the Original piece..follow up article on our Lifestyle Economics stream

If you have been following the India story closely, India�fs new developments are focussed on Infrastructure and Retail along with giant leaps in the Entertainment business. You can look closely at the India stories athttp://advantages.us/inframils to get a flavor of what�fs happening in Indian Infrastructure

On the other hand Retail Lifestyle businesses are increasingly attracting investors�cRural Markets may grow at a faster pace at least on the Drawing board. �c Where is Investor access? Why is it still on the government to make it happen? The FDI limits and the others are fairly rational policies..but where are the investors?..

Nanos will roll into homes by July end and IPL teams are already applying for trademarks as it looks set to become the greatest sporting extravaganza in the world, already ranked at #2 behind the NFL season in the USA. The 3G challenge will tear at Telecom companies�f profits in the coming years�c

10-Year-Old Girl Scores Hole-In-One at US Kids Golf European Championship in Scotland
(The image is of a young indian golfer in Scotland)

BUT, Importantly, India caught on to serious lifestyle investments early in 2005, Today with the debut of Cox and Kings IPO..

Where it is now?

Towns like Jalandhar, Ludhiana in Punjab, Jaipur and Agra on the Golden Triangle and such state capitals, heritage and business towns like Ahmedabad, Surat and Nagpur present a unique opportunity for Indian hospitality business to scale up, esp as Indian railways, india�fs aviation footprint and the road infrastructure will follow in step with the boom. Note: The Indian Maharaja with TC, Maharajas Express with Cox & Kings, and the other two luxury trains have started first season bookings quite well and money is being spendt to add gym and pool to the Palace on wheels as well ( More here ) Golden Palace started from Bangalore is not doing so well apparently. The Maharajas Express for example is 84 persons at an average of $1000 per night for a 7 day- 8 night tour between Mumbai and Delhi

This Day in History
This Day in History provided by The Free Dictionary

Today's Birthday
Today's Birthday provided by The Free Dictionary

In the News
In the News provided by The Free Dictionary

Spelling Bee
difficulty level:
score: -
please wait...
 
spell the word:
Spelling Bee provided by The Free Dictionary

Hangman
Hangman provided by The Free Dictionary


Clicky Web Analytics