Discover and read the best of Twitter Threads about #Hindenburg

Most recents (24)

1/ Why #RahulGandhi, #CONgress ecosystem, Lutiyens & Libtards are against Indian Brands but endorse all foreign brands & their #toolkits to build opinion, from #ShaheenBagh to #FarmersAgitation to #BBC to #Adani?
2/Do you know #CocaCola entered India in the 1980s, taking over 11 other Indian soft drink brands, while #Pepsi took over others.
#Amazon hasn't left out any city nor BlueDart, DHL & FedEx.
3/ #Chinese & #Korean mobiles dominate India.
#Nestlé, #Maggi, #ITC, #HUL, #Pepsi etc entered the #FarmSector!
In 4-wheeler industry, #Suzuki, #MG, #Hyundai etc. #Honda dominates the two-wheeler industry,
Read 6 tweets
Can we put an end to the #FakeNews that Byju’s is raising $1bn at $22bn valuation!? 😓😓

Break the numbers shared below the headlines, and the beans spill out!

The truth 👇 Image
$1bn is what Byju's is reportedly chasing. Though visibility in the media is all about $950m.

This sum can be broken down into 2 parts 👉
1️⃣ A 3yr $250m convertible debt from Davidson Kempner Capital Management (DKCM) which is not known to invest in startups, but in financially distressed companies against significant equity & big interest rates

Like it bought #Adani bonds when they had crashed after #hindenburg
Read 15 tweets
Mauritius Financial Services Minister Debunks Hindenburg's Adani Claims; Hindenburg Reaps Profits Amidst Dubious Report: A Call for Indian Politicians to Rethink Their Stance


Mauritian Financial Services Minister, Mahen Kumar Seeruttun, has dismissed… ImageImageImageImage
“No Shell Companies in Mauritius”

In response to a parliamentary question, Minister Seeruttun clarified that Mauritian law does not permit the operation of shell companies. All global business companies licensed by the Financial Services Commission (FSC) are required to meet…… ImageImage
Minister Seeruttun outlined the stringent criteria for companies registering in Mauritius. Companies must conduct their core income-generating activities in or from Mauritius, be managed and controlled from the country, maintain a principal bank account in Mauritius, and keep……
Read 7 tweets
#Hindenburg strikes again!

This time against the legendary Carl Icahn.

We know reading 7000 words can be too much for you.

So we have read every word of it and summarized it for you.

No ChatGPT involved :)

A 🧵

Let's go! Image
Carl operates his money through a publicly-listed holding company. He holds an 85% stake.

This #hindenburgresearch report is a masterclass on how to assess a Holdco.

We are not in it for knowing whether its short attempt will be another success or not.

Top 7 insights👇
1. Always check the actual value of the reported investment

Hindenburg says Icahn overstated the value of his holdings by 22% Vs its current NAV.

CMP implies a 218% premium to NAV.🤯 Image
Read 11 tweets
"Adani Group Two Months Post-Hindenburg: Standing at $116 Billion Value Loss"

A Look at 9 Companies Under Adani Group🧵👇

1) Adani Ent

🔶Share price ~ 50% lower
🔶Market Cap Loss ~194,489 Cr($ 23.7B)
🔶PE Ratio~ 69% drop from 321 to 101

#Adanigroup #Hindenburg #Adani Image

ATGL stands for Adani Total Gas Limited which operates in the natural gas distribution and marketing sector in India.

🔶Share price ~ 74% lower
🔶Market Cap Loss ~318,175 Cr($38.8B)
🔶PE Ratio~ 75% drop from 884 to 221
3) Adani Green

The company operates and develops renewable power projects in India, including solar, wind, and hydroelectric power plants.

🔶Share price ~ 45% lower
🔶Market Cap Loss ~138,912 Cr($16.9B)
🔶PE Ratio~ 53% drop from 558 to 264
Read 10 tweets
नाम तो सुना ही होगा 🧐
आत्ताच ज्यांच्या रिपोर्टने #अदाणी ग्रुपमध्ये हाहाकार उडाला होता त्या संस्थेच्या रडारवर काल #ट्विटर चा संस्थापक जॅक डाॅर्सी आलाय!
या थ्रेडमध्ये
१)हिंडनबर्गचा आरोप
२)ब्लाॅक कंपनीची माहिती
#threadकर #वसुसेन
तर विषय असा आहे की हिंडनबर्गने जॅक डाॅर्सीच्या 'ब्लाॅक'
1)या कंपनीवर जवळपास १ बिलियन डॉलर्सचा घोटाळा घातल्याचा आरोप केला आहे.
2)या कंपनीमध्ये असंख्य खोटी आणि बनावट खाती उघडण्यात आली असुन कंपनीने या कृत्याला कुठेही विरोध केलेला नाहीय.त्यांना या गोष्टीची माहिती होती तरी त्यांनी
हे होऊन दिलंय.
3)स्वताच्या कंपनीचा नफा वाढवुन दाखवलाय.जेणेकरून या कंपनीचा शेअर वाढेल आणि कंपनीला फायदा होईल.
4)कंपनीच्या पेमेंट ॲपवरून बर्याच अवैध्य कामांसाठी पैश्यांची देवाणघेवाण झालीय उदा. ड्रग्ज डिल्सचे पैसे, क्रिमिनल गोष्टींसाठीचे पेमेंट्स, एखाद्याचा खुनाच्या सुपारीचे पैसे😅
Read 10 tweets
The political nature of the "criminal defamation" case against @RahulGandhi should be obvious to anyone who followed the timeline of the legal proceeding.
The plaintiff in tghis case, Mr Purnesh Modi, sought, and won, a High Court ordered stay in the case for 11 months.
April 16, 2019: case first filed
June 24, 2021: Rahul Gandhi appeared in Court to record his statement before Chief Judicial magistrate AN Dave
March 2022 CJM insists that both sides commence arguments immediately, the Plaintiff applies to the High Court for a stay
March 7, 2022. High Court grants such Stay.
Case in abeyance for 11 months.
Feb 16, 2023, plaintiff goes back to High Court to vacate the Stay.
Read 5 tweets
After #HindenburgReport, Adani group was ridiculed, shamed and branded as 'fraud' by Westerm media and experts.

Now, after #siliconvalleybankcollapse same Media houses and experts have changed narrative.

A thread 🧵
1. Credibility Test

👉 Adani Group stood its ground, repaid $2.15-bn debt before time.
👉 Silicon Valley Bank CEO, CFO and CMO sold +$4.4MM in stock over the last 2 weeks.

Guess who was labelled as fraud by Western Media❓
2. Rating Firms

👉In February, Credit Suisse halted acceptance of Adani Groups bonds citing the business malpractice.
👉Now, Credit Suisse has itself been suspended from trading. Its share has plummeted 34.59%.

Shouldn't they practice what they preach ❓
Read 8 tweets

If #Adani wants to prove it can do business differently it should start by halting:
🚮Carmichael coal mine
🚮 11 new coal mines destroying communities & forest across 🇮🇳
🚮12GWs of new coal power…
"#Adani is seeking to sell a part of its stake in Ambuja Cement to reduce its debt & restore the flagging confidence of investors... This would be the group’s first asset sale after it was hammered by allegations by #Hindenburg..."…
#Adani has pledged more shares from Adani Green as collateral for loans to Adani Enterprises - which is developing more new coal than any other company on Earth besides Coal India. @MSCI_Inc @MoodysInvSvc @SPGlobalRatings @Barclays @TIAA @BlackRock…
Read 8 tweets
The #AdaniGroups Saga- For Naive #Investors. A thread

I, Mr A(#Adani) have 100 chips. By #Law, I cannot own more than 75, so I hav 73 chips. 27 chips r sold in d market. Anther 15 Chips: My uncle buys them by pretending to b normal people. This is illegal, bt who will catch me?
So there are 12 chips left in the market. Out of these, #Funds like #LIC buys 9 chips. 3 chips are now left on the open market.

My #media, #political and PR management and #connections are excellent. There are whispers that I am related to the #king and #Government.
My uncle, disguised as a common man, #buys and #sells chips again, creating an impression of great demand. A plastic chip worth Rs 2 is given for Rs 10.
People compete to buy at Rs 12, 13. Then my uncle increases price and buys chips fr Rs 100 making me one of Investors Fav scrip
Read 11 tweets
Slight reprieve for #Adani this week due to a baffling $1.9B from @GQGPartners-who apparently❤️fossil fuels > due diligence. Aside from that it’s been a total binfire for the rapidly unraveling coal giant. Here’s another round up of bad news for Adani’s destructive coal empire🧵
#Adani Group’s complex debt structure and weak transparency, evidenced by the use of Adani Green Energy shares to support its coal unit, could further increase ESG concerns and hinder funding access.” @MSCI_Inc @MoodysInvSvc @FitchRatings @SPGlobal…
"Over time, the group (#Adani) has emerged as India’s biggest coal MDO — currently, it has nine MDO contracts for blocks holding more than 2,800 million tonnes of coal." @MSCI_Inc @MoodysInvSvc @FitchRatings @SPGlobal @Barclays @BlackRock @TIAA…
Read 15 tweets
1 THREAD on the SC’s order today constituting an expert committee to enquire into the #Hindenburg allegations. The supreme irony is that #SEBI gets away scot-free. Crucially, invoking the holy grail of “investor protection” is how #SEBI escapes court criticism/scrutiny
2 It is important to reiterate that crux of the Hindenburg allegations rest on the claim that the ownership of the #Adani Group Cos is concentrated above SEBI-set levels through entities not at arms length from the promoters. The rest of the allegations stem from this central one
3 The overvaluation of group company stocks and therefore of the companies is made possible because of the low “free float” - implying scope for manipulation - which then enables the #Adani Group to leverage even greater volumes of debt
Read 18 tweets
Some apologists for Adani Group are praying-in-aid @AswathDamodaran - the Finance prof and acknowledged corporate valuation expert from NYU Stern B-School. He appears to reject @HindenburgRes allegation that the whole Adani financing model is a 'con' but read his blog
He sets out his understanding of a con.
"A con game to me has no substance at its core, and its only objective is to fool other people, and part them from their money." By that definition Adani Group is NOT a total fraud operation - of course NOT. There is tangible physical
Infrastructure on the ground that generates vast revenues. So where is the fraud?
1. Among #Hindenburg's 'serious contentions" Damodaran acknowledges "the Mauritius-based shell entities, with no real operating purpose, and their links to the Adani Group companies."
Read 9 tweets
It's been 1 month since #Hindenburg accused coal giant #Adani of the "largest con in corporate history". How are things looking for Adani? Ahem...

Here’s a round up of bad news rocking Adani’s land-grabbing, climate-wrecking, ecosystem-destroying coal empire this week. 🧵
"The rout in #Adani Group shares has room to run based on charts that show key stocks in #GautamAdani’s empire may still extend declines to the 85% downside flagged by #HindenburgResearch."
@MSCI_Inc @MoodysInvSvc @BlackRock @Vanguard_Group @Barclays…
“Apart from the future of the billionaire & his business empire, something bigger is on the line: 🇮🇳’s probity in corporate governance & pursuit of a development model in which the state has entrusted a few ultra-rich men with running 🇮🇳’s infrastructure"…
Read 16 tweets
1 THREAD on LIC and its investments in the Adani Group - why #LIC has been imprudent, reckless and irresponsible in squandering money belonging to its policyholders. Why even now, it may not be too late for it to cut its losses and run from the fire.…
2 LIC has stakes in 5 Adani Group companies of which its earliest substantive acquisition was in Adani Ports in Sept 2000. LIC management has defended itself by saying that the acquisitions in Group cos were made “over a period”. <3 years does not suggest long term!
3 Significantly Adani Port, which has been a major source of revenue, is the only co to have somewhat avoided the free fall in the month after the #Hindenburg revelations. LIC’s stake, thankfully for now, were more in this venture. LIC will do well not to bet on this for long
Read 20 tweets
Look at this Twitter Ac.
Total Followers 475.
The first tweet from this Ac was on 2nd February supporting Adani Group
1.3 Million views, 32.6 K likes, 4892 retweets, 717 Quotes. ☺

Surprised by the reach of this tweet? More waiting. ☺
Please stay here.👇 1/2
Podcaster Raj Shamani dropped a 1 min reel Feb,7 closely match key points of a group's Document published less than after #HindenburgReport.
On condition of anonymity an Influencer told Newslaundry he were offered 3-4 lakh by same group for posting videos favouring Adani.😉 2/6…
In between of all these suddenly few influential and famous people like @anandmahindra @virendersehwag @SadhguruJV all started tweeting and supporting #AdaniGroups invoking the same thing. NATIONALISM.😁
Do you understand friends? ☺
Plz stay with me.
Read 7 tweets
If #Adani are looking for some toxic assets to abandon there's this dirty Australian coal mine that investors universally revile...

Here's another thread of things going very badly for Adani's destructive, climate-wrecking coal empire Feb 20 edition. 🧵 #StopAdani
"@Forbes has identified previously unreported transactions involving offshore funds with ties to Vinod Adani that appear designed to benefit the #Adani Group. The deals also lend further credence to #Hindenburg’s allegations..."…
“Thanks to the ‘convoluted structures’ and ‘multiplicity of subsidiaries’ cited in the #HindenburgReport, #Adani has long been able to finance its dirtier operations with the proceeds of sustainable fund flows.”…
Read 13 tweets
Sugata Ghosh writes nonsense. #Hindenburg is an open book. They are the "sell' side of the buy/sell coin that is the stockmarket. They did Indians a service by calling out the fraud in the Adani conglomerate, and profited from their insight.…
Shortsellers get a bad press. But if you take a dispassionate view they are no different from the early investors who oorrectly spot the next big thing like Amazon or Intel or Google.
Read my thread
Sorry I linked the wrong thread. Here, in this twitter thread I explain why shortsellers actually do us a service. They step in to correct the 'irrational exuberance' of those who think buying a stock has to be a 1-way bet.
Read 5 tweets
Supreme Court bench led by #cjichandrachud to hear plea seeking probe into the report on #AdaniEnterprises
On Friday, #cjichandrachud had asked SEBI to submit an overall report on the situation.…
SG Mehta: I have taken instruction. Existing agencies are fully equipped. However, responding to your lordships suggestions, we have no objection in constituting a committee. The only thing is, we don't want to send a message that a govt agency needs to be overseen by a committee
Read 6 tweets

👉🏼 SEBI assures SC that it is on top of the issue and doing everything that it can.

👉🏼 SC says protecting investors is of primary concern.

👉🏼 SC: Investors have faced serious losses of lakhs of crores.
👉🏼 SC: A robust mechanism is reqd for the future

👉🏼 SC: Investors need to be kept safe

👉🏼 SC: We will look into modification of regulatory frameworks

👉🏼 SC: Govt should tell us if policy change is required

👉🏼 SC: How can we strengthen the existing regime?

#Adani #Hindenburg
👉🏼 SC suggests setting up an expert committee

👉🏼 SC: SEBI may have a word with the Ministry. Need to know where the deficiencies are

👉🏼 SC: Petition is not well thought-out but we have to go beyond this. Will tread with great caution

👉🏼 SC: Bring suggestions by Monday

Read 3 tweets
Unable to counter the @HindenburgRes allegations against #AdaniGroup, the Indian rightwing zealots, probably with support of the Govt, ios seeking to rope in the #SupremeCourt to shield #SEBI fromthe need to investigate.
1. They first want to go after #Hindenburg
Next, they want to gag any discussion of the stock valuation problems of the #AdaniGroup.
Botht are misguided. The Supreme Court should take a straightforward approach.
1. The Courts cannot prevent investors from losing their shirts in the stockmarket. They must be allowed to lose their investments just as they are entitled to keep their gains.
Read 8 tweets
#IMPORTANT The #MSCI Weight Reduction in #AdaniGroup is Just the Start of more events to come.

I highlighted the likelihood of #MSCI in the #THREAD BELOW
1/n what did MSCI Say ?
"MSCI has received feedback from a range of market participants concerning the eligibility"
“Characteristics of certain investors have sufficient uncertainty that they should no longer be designated as free float pursuant to our methodology.”
=> basically MSCI felt there is truth in what #Hindenburg portrayal of a "Close Relationship" with the FIIs
MSCI Also Said
"This determination has triggered a free float review of the Adani Group securities" which will be informed in Mid-feb and implemented by End-feb
Read 17 tweets
1THREAD on the investigation conducted by @MSCI_Inc on the “true” extent of “free float” of #Adani Group companies confirms prima facie the core allegation of the #Hindenburg report that the “public” shareholding is in violation of SEBI’s regulations.SEBI napping for >18 months?
2 MSCI reveals that several constituents of the Adani Group can no longer be eligible for its indices is damning indication that SEBI has been in gross dereliction of its key duties as a regulator.…
3. MSCI, which had undertaken a review of its indices in which Adani Group company shares were constituents, immediately after the Hindenburg revelations. Contrast this to the Indian market regulator who has been sleeping at the wheel for 18 months.
Read 8 tweets
1. Mr. Shekhar Gupta is factually incorrect, morally wrong & lacking in journalistic courage
He defends gov & regulator’s inaction in view of the Adani exposé with a fanatic zeal calling it Good Capitalism. That term is evil at so many levels. Good Capitalism. Is Mr. Gupta
2. advocating for unbridled laissez-faire giving a free-hand for powerhouses to manipulate with common people’s trust & savings?

Mr. Gupta in the defence of his argument mounts a 5-pointer. Let’s look at each of these
3. Moral nature of Corruption with or w/o global interlinkages remains the same. What changes is the impact it can have on global economy or perhaps even the investment perception of the nation. On the former, Adani while a giant among the Indian businesses is not big enough to
Read 16 tweets

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