Great news for #Investors. Verdict is out in #FranklinTempleton saga:

YES for #Winding Up all 6 schemes.

Now Goal Post should change and focus on giving mandate to @FTIIndia for liquidating assets. Here is my Thread on this subject:
Good news for #Investors of #franklintempleton :

-Total Cash Collections of all 6 schemes Rs.13789 crs +

- 5 out of 6 schemes cash positive

- only 6% of AUM left as borrowings in Income Ops
All this without any active intervention/selling/monetizing.

Imagine implications to positive liquidity creation when Fund Manager is allowed to actively Liquidate/Sell securities
More than half of this collected amount is from A rated securities followed by AA.
More than 29% is from Unlisted securities and more than 74% from Schemes that are sole or majority holders.
Wrong narratives of illiquidity, 70-80% hair cuts, etc. all exposed based on above data and collection figures (that too collections of A, AA rated and unlisted securities)
#GoalPost should now change to ensure giving mandate to #FM to liquidate and get best rates for underlying securities.

He has created structures/securities. He will be able to negotiate best pricing for Investors
You had trusted him for past 15 years. He delivered best results so far. Give him an opportunity to redeem himself. Trust him for some more time.

You had given him flak over past 1 year, now give some slack and let him give best results in favour of #investors
By now #Investors should realize how they were misled all through this time. It is never too late to make amends. Trust @FTIIndia to work in their favor and leave behind this nightmare behind us once and for all

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More from @IamMisterBond

7 Jan
People are going Ga Ga on Markets crossing 14000 NIFTY. My take on this:

1. Most Retail Investors had exited in March 2020 crash
2. They waited for further correction to enter - that never happened
3. Most have been only waiting on the sidelines without participating
From July 2017 to Dec 2020,

NIFTY 50 posted + 11.50%
NIFTY Midcap has just managed to break even and come into +4% plus &
NIFTY Small Cap still not recovered full loss ( -1.50% )
Which just goes to show that those under Buy & Hold are only recouping their losses and have not managed to participate fully in post March 2020 rally.
Read 8 tweets
6 Jan
Khaas Baat with MisterBond in conversation with Padma Bhushan @Abhinav_Bindra. One of the most inspiring stories of the only Indian to have won an Olympic Gold Medal:

Episode 1:

Early Days - a Reluctant Athlete…

Thread of all the episodes below
Episode 2:

Role of his coaches. After shooting best Olympic score in Qualifying Round a lose tile responsible for 8th position in the Final Round in 2004…
Episode 3:

Concentrate on Process rather than Outcome. Control the Controllables. Convert long term to short term Goals to adapt to changing environment…
Read 6 tweets
5 Jan
Very few seem to be following qualitative analysis & more follow Quantitative analysis

What forms part of qualitative analysis?

To know more: join me on Thursday, January 7'2021 at 5 p.m.

Meeting ID: 841 5000 6619
Passcode: 920511
Qualitative analysis should include:
1. FM track record
2. Sector/Stock selection based on different Business Cycles
3. Scheme to FM ratio
4. Turnover ratio
5. Frequency of NFOs
Very important to identify macros for different Business Cycles that can be divided into:

1. Growth
2. Recession
3. Slump
4. Recovery

All need to be identified based on different characteristics of each cycle
Read 5 tweets
11 Dec 20

Hope Investors have realised futility of legal course. They have wasted 8 months and back to square one.

Please VOTE "YES" for winding up for your own good.

Do not get misguided by wrong narratives.

-Voting on Dec 26 to Dec 28
-Those who do not vote can vote during AGMs on 29th
-Reserve day on Dec 30
-Court Appointed Observer to oversee Voting
-Results will be sealed in an envelope and given to Hon SC
-Results will be announced in 3rd week of Jan

Do not wait to vote during AGMs on 29th December as the technology and Platforms may not be able to accommodate all Investors.

These platforms will have limited capacity for number of Investors at one go

Read 7 tweets
18 Nov 20
As @meetdharam has put it: Expensive Valuations:
Rs.100 in Debt @5% = 105/1 year
Equity corrects 50%
Cheap Valuation.
Switch from Debt to Equity
Markets go up 50% = Rs.157.50

Expensive Valutions
Rs.100 in Equity
Equity corrects 50% = Rs.50
Markets go up 50% = Rs.75
1st Investor protected downside, with no drawdowns. Started with a higher base of 105.

Switched to Equity & participated in full Upside of 50% rally thereafter

Final value Rs.157.50
2nd Investor held onto to Equity at Expensive valuations with 50% drawdown and no downside protection.

On corrections, value came down to Rs.50

Participated in 50% rally thereafter- but was only recouping his earlier losses

Final value Rs.75
Read 7 tweets
14 Oct 20
Revisit my "QUOTABLE QUOTES" once again. Very relevant in current market or all market scenarios:

"Get driven by creating Wealth for Investors first. If Investors make money, Advisors and AMCs will also make money".
"Everything in Wealth Management is not only technicals and fundamentals. Add a dash of common sense and logic, to take advisory to next level".
Read 8 tweets

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