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IMPORTANT! Please read disclaimer..before proceeding

The author of this blog isn't a certified financial advisor or a certified financial planner. Please consult a qualified financial planner / certified financial advisor before taking any actual investment decisions. Views expressed on investments is purely authors own opinion / experience and shouldn't be construed as an investment advice. All information on this blog is just a point of view from authors perspective merely for educational and informational purpose only.

There is no guarantee / certainty of profits or windfall gains to be made on the basis of data or information on this blog. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.

Wednesday, November 18, 2009

Cox and Kings

Cox and Kings:
IPO Opens: 18th Nov 2009
Closes: 20th Nov 2009
Rating: ****

Recommendation: Subscribe
Fairly valued IPO after long time

Issue details below:
The company will raise more than Rs 610 crore from the issue, out of which it will get over Rs 509 crore and the rest will be given to shareholders.

CARE has assigned a 'CARE IPO GRADE 4' to the proposed IPO. CARE IPO Grade 4 indicates above average fundamentals.

The equity shares are proposed to be listed on Bombay Stock Exchange Limited and the National Stock Exchange of India Limited.

The objects of the fresh issue are to provide funding for repayment of loans; acquisitions and other strategic initiatives; investment in overseas subsidiaries and investment in corporate office & upgrading our existing operations.

Link for prospectus: http://www.nseindia.com/content/ipo/RHP_CNK.zip

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Wednesday, November 11, 2009

Updates on Indian Hotel

Target 1 Achieved, move stop loss to just below 85 and hold on for T2 and T3

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Tuesday, November 10, 2009

Indian Hotels / 3i Info

Buy call on both CMP 85.50
Stop Loss: just below 80
Target Indian Hotel: T1: 90, T2: 94 T3: 99
Target 3i Info: T1: 89, T2: 94, T3:99

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Monday, November 2, 2009

Putting Money to Work, an Introspection?

One of the reasons (not the only reason) that we work almost 9-10 hours a day is to earn money and livelihood for a better and secure future. One of the biggest ironies of life is though we work for Money yet we don’t dedicate enough time in understanding utilization of the Money. This is more like we are slaves of money, working for it, rather than make money work for us.

Try and introspect your inner self if we have ever thought of putting ‘Money to work’? Most probably yes, who wouldn’t like to have an assistant as strong as ‘Money’ to work for us? But having introspected have we really worked toward building such an infrastructure / environment around us to make this happen, most of us haven’t. Have we ever delved into why we haven’t yet started doing it, in 90% of cases its due fear of unknown (lack of knowledge in personal finance domain). Thus though we have an inclination towards creating wealth and future for ourselves most of us don’t really plan out the implementation / productive utilization of money.

I personally know lots of individuals who end up buying financial products that really is not in line with what/when/how they need to reach major goals in life. Majority of people that I have known don’t even know what financial product they have bought and what it means and how it will deliver etc. The single most common aim with which it was bought was for tax saving and/or just because a person (probably a close relative/ friend) has recommended it because he/she made some money and/or he/she is a financial product reseller.

Just think of it, we invest almost 300 hrs a month working to earn money, can’t we dedicate few hours in understanding underlying principle / fundamental of personal finance. I mean about couple of hours a week. This isn’t a big ask considering a third of our life (8/24 hrs a day) is invested in working for money. The source of information on personal finance is abundant. There are many good personal finance blogs on the web and many books available in market dedicated to personal finance. There is almost one article every day on personal finance every day in leading news papers.

One of the aims of starting this blog is to create awareness on personal finance front and I have already written quite a few articles in very simple and understandable language right from basics. And continue to do so...

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