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Jan 28 • 11 tweets • 6 min read
Weekend Investing Resources Vol 25

1. Secret of Amex Rewards

2. Adani enterprises eligible for fpo?

3. Investing Mistakes by utpal Seth

4. Story of bear attack on relIance

5. Why f&o traders loose money ?

6. Curated Reads

#investing #curatedread Image
The secret behind American Express Rewards @CNBC

Whether Adani is eligible for raising money via fast track FPO considering ongoing SEBI investigation?

@deepakshenoy @CapitalMind explains why F&O traders loose money based on recent Sebi Report

youtube.com/live/qxTCtg1CJ…
Dimensions of Mistakes in investing by Utpal Seh



@CFASocietyIndia
@CapitalMind tells the story of Dhirubhai Ambani & Reliance bear attack

Corporate tax regime needs a rejig

thehindubusinessline.com/opinion/corpor…

Sub-optimal regime. Under the current system, the effective tax rate of the largest firms is lower than smaller firms

#curatedread

@businessline
How to survive a bear attack — lessons for Adani in Ambani’s stock market victory in 1980s

theprint.in/opinion/how-to…

Dhirubhai had rounded up 'Friends of Reliance' & launched a counter-attack on the bears.

#curatedread @ThePrintIndia
"The government has sent hundreds of requests to different social media platforms, especially YouTube and Twitter, to take down the posts that share snippets or links to the documentary"

theintercept.com/2023/01/24/twi…
Data of the week Image
Infographic of the week @myvaluepicks

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More from @BeatTheStreet10

Beat The Street Profile picture
Jan 30
Hindenburg Reply on Adani’s Response - before CFO Media Interview!

“In terms of substance, Adani’s ‘413 page’ response only included about 30 pages focused on issues related to our report.”

#adani #AdaniGroup #hindenburg #ADANIENT #AdaniEnterprises #Hindenburg
The remainder of the response consisted of 330 pages of court records, along with 53 pages of high-level financials, general information, and details on irrelevant corporate initiatives, such as how it encourages female entrepreneurship and the production of safe vegetables. Image
Adani Failed To Specifically Answer 62 of Our 88 Questions

Of The Questions It Did Answer, The Group Largely Confirmed Or Attempted to Sidestep Our Findings
Read 9 tweets
Beat The Street Profile picture
Jan 28
Whether Adani is eligible for raising money via FPO

Rule says you cannot if SEBI investigation is ongoing

A detailed thread on the eligibility test of Adani Enterprises FPO

#AdaniFPO #AdaniGroup #AdaniEnterprises #ADANIENT Image
The law

As per regulation 155 of SEBI ICDR Regulations company cannot bring the FPO if investigation by sebi is ongoing or show cause notice has been served and pending Image
Backstory,In July-21 Govt in parliament responded to questions raised by @MahuaMoitra and stated that SEBI is investigating Adani Group

moneylife.in/article/sebi-d… ImageImage
Read 15 tweets
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Dec 30, 2022
“Good corporate governance is about 'intellectual honesty, not just sticking to rules & regulations, capital flowed towards co that practice good governance'

Mega thread 🧵 of Corporate Governance issues, frauds exposed by us

Like Share Retweet Follow if you find valuable
Before moving ahead if you want to know who is behind Beat The Street and What exactly Beat The Street does?

Here is thread


All thanks to the team behind the stage @SudzzBTS @nimishshp
If you want to read Beat The Street Corporate Governance Coverage in documentary format you can read here

docs.google.com/document/d/1dt…
Read 20 tweets
Beat The Street Profile picture
Dec 30, 2022
Shareholding gaffe at Glenmark Life: Focus shifts to Sebi new rules

wap.business-standard.com/article-amp/ma…

Company promoters bought shares even when they held more than 75 per cent

Brilliant analysis by @This_khushboo @bsindia

A quick thread 🧵

#glenmark #corporategovernance #redflag
Glenmark Life Sciences, 100% subsidiary of Glenmark Pharma, launched IPO in July 2021

Post-IPO, stake of promoter group fell from 100% to 82.84%

Sebi rules provided three years to reduce promoter stake to 75%
During this time further purchase of shares by promoters wasn’t permitted

Promoter Saldanha purchased 7,800 shares (0.01 per cent) from the market in November 2021

Proxy firm SES said purchase, even if inadvertent, violated SAST regulations
Read 4 tweets
Beat The Street Profile picture
Dec 28, 2022
Beaware⚠️

Reliance Naval - Garbage Stock which soon erode shareholders wealth as NCLT has approved the Resolution Plan of Hazel Mercantile & Swan Energy

Why Exchanges / Regulators have allowed it to trade? Can't they suspend trading just like other cases
They will pay around 2k crore against debt of 9k crore

Nothing left for existing equity - delist or equity write off

So be cautious if you are buying Reliance Naval just because Swan Energy & Hazel Mercantile are buying and stock is in upper circuit
Reliance Naval NCLT order says existing equity will be cancelled & extinguished. Subject to

Existing SH will get 1 share in RNAVAL 2.0 for every 275 shares held in RNAVAL

Existing SH will be able recover losses if Share price of new entity rose upto 800+ (275x)

#Reliancenaval Image
Read 6 tweets
Beat The Street Profile picture
Dec 28, 2022
Navkar Corp : A interesting smallcap company can be wealth creator on mutliple thesis points

A quick thread 🧵on covering thesis and anti-thessis

Like Retweet Share Follow if you find valuable

#NAVKARCORP #NAVKARCORPORATION Image
Business & Financial overview ImageImageImageImage
1. Have sold Vapi Unit to Adani for ₹835crore which will help in capex, have 200 crore cash after deal
2. repaid its entire debt taken from various Financial Institutions
3. Promoters are buying at levels of 53 to 56 (0.20% till now)
4. Released full promoter pledge ImageImage
Read 7 tweets

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