Discover and read the best of Twitter Threads about #Franklin

Most recents (10)

Today I am so happy that investors in #Franklin have received some part of their investments back. I am purposely writing this small thread, not to show that I am technically sound but because I want to answer the trolls who made my life difficult over the last 10 months (1/n)
(1) Franklin funds were wound up on the 23rd of April 2020. It was the 9th of April 2020, that I wrote the below tweet and warned my twitter followers on the rising borrowing levels in FT funds and why it was not normal, rest is history (2/n)

(2) After the wound up, we had multiple media reports floating on how investors will receive their monies back at the average maturity of the funds, which I believed was otherwise. (3/n)
Read 7 tweets
Karnataka HC begins hearing a set of pleas related to winding up of six Franklin Templeton Mutual Fund Debt schemes. [DAY 3]

Chief Justice Abhay Shreeniwas Oka and Justice Ashok S Kinagi is hearing the plea.

#Franklintempleton
Senior Counsel Ravindra Shrivastava continues to make submissions (matters transferred from the Delhi HC)

#franklintempleton
Shrivastava: SEBI has completely failed in its role and duties and that is why we have come before your lordships.

#Franklin
Read 14 tweets
Franklin has shut down 6 debt mutual fund schemes due to illiquidity in market stopping buy/sell of units in these funds. Doesn't it put q on experts who suggest to hold just 3-4 scheme in portfolio. True saying - Never keep all eggs in one basket. #mutualfunds #market #franklin
Put together, almost 26000 crore rupees of investors are stuck in these 6 schemes. These all belong to debt schemes so higher chances that most of the money stuck belongs to retail investors. (2/n)
All these 6 funds are rated with 5 stars by Morningstar rating agency. In 2008 crisis all mortgages and CDO were triple ace rated by S&P, Moody's & Fitch. History repeats itself and average customer is trapped. Sad story #MutualFundsSahiHai ? #franklintempleton #mutualfunds (3/n)
Read 28 tweets
Analysis: #NYSE $FSB

Case 126 #Franklin Financial Network Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

Thread πŸ‘‡πŸ‘‡πŸ‘‡

#FSB 1/3
Chart 1
Weekly Chart: The yearly #pivot resistance at 35.08 has finally yielded. Price is currently attempting to break above the 2017 #trendline resistance. Stronger resistance between 39.25/65. The long term objective is 63.1 but first price needs to close above 51.93.

FSB 2/3
Chart 2
Daily Chart: The #Strategy is printed on the image.

$FSB 3/3
Read 3 tweets
If Franklin dint write off #Vodafone, it could have lead to a run on the fund because of #AGR. #Franklin is probably expecting a downgrade and hence a preemptive move. It seems to have learned from the JSPL example. (1/2)
Franklin can side pocket only if the rating falls below BBB- as per SEBI guidelines, the current action is a write off and not segregation. (2/2)
Because it's not segregated and new investors can potentially benefit with an upgrade in the future, they have limited new investment to 2 lakh per pan.
Read 4 tweets
@OpDeathEaters @MissSnoBunnie @YourAnonCentral @fred062811 @WCM_JustSocial @der_bluthund @DonVonCrump1 @StuartSyvret @fiondavision @soychicka @Agenthades1 @jkbjournalist @ciabaudo I came to the Op to expose an international child rape trafficking ring, fulfilling #OpDeathEaters goals 1-3:

1. Establish the credibility and scale of the story.

2. Challenge the propaganda and framing of the story.

3, Raise awareness beyond the initial small circle.
@OpDeathEaters @MissSnoBunnie @YourAnonCentral @fred062811 @WCM_JustSocial @der_bluthund @DonVonCrump1 @StuartSyvret @fiondavision @soychicka @Agenthades1 @jkbjournalist @ciabaudo None of us believe we'd be here today if not for #OpDeathEaters. I doubt any media would have followed up on #Epstein if not for this Op.
Read 18 tweets
06/01/2019 - 78 years ago today, the longest-serving #UnitedStates #President, #Franklin D. #Roosevelt (#FDR) addressed the 77th #Congress with his "#Four #Freedoms" speech with the intent to shift #US #foreign #policy from that of #neutrality to #interventionist.
#FDR promoted the idea that the people of the world, in all nations, shared entitlement to four freedoms: that of the freedom of speech and expression, the freedom of worship, the freedom from want and the freedom from fear.
#FDR is arguably one of the most 'successful' #US Presidents. Some would argue that on the basis of his numerous social policies such as 'the New Deal'. Others, however, would argue that his role during the second world war was more prevalent to his success & everlasting legacy.
Read 39 tweets

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