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  #81  
Old 2nd June 2010, 09:38 AM
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Touched 153.40 -- 9% up. Surely market works on speculation..bought 33 shares @ 143.1 for short term
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  #82  
Old 2nd June 2010, 10:16 AM
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Some of my thoughts.

During previous talks RCom and MTN, the share swap ratio would have been decided based on the market cap of the two companies.

Now that RCom has fallen considerably compared to MTN, there would be a need to increase the share price so that Ambani gets a good swap ratio.
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  #83  
Old 6th June 2010, 10:50 PM
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Quote:
Reliance Communications said on Sunday its board had approved issue of up to 26% stake to strategic or private equity investors at a premium to the prevailing market price.
Is it time again to enter RCOM and other telecom stocks with a long-term view of 15-24 months?
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  #84  
Old 7th June 2010, 03:27 AM
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Yes the new bull run has begun in this scrip, one can be long for long term, with 131 as stop-loss!

http://www.bloomberg.com/apps/news?p...d=aTLrPxvFAWxE

It is selling 26% stake to wipe out its debt.


You can see on weekly chart, a good large positive divergence on MACD with finishing of 2 year correction.

In fact chart of Bharti, MTNL & IDEA all look bullish!

I expect this sector to outperform the market!
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  #85  
Old 28th June 2010, 07:44 AM
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Any updates, Alchemist on this script now that Debt is reduced by 50%. Do you think share will perform from this point to 50% up!

Quote:
The deal will reduce the Anil Ambani-controlled RCom's debt by Rs 18,000 crore, the spokesperson said. After the recently concluded 3G auction, RCom's debt stood at Rs 33,000 crore.
http://www.thehindubusinessline.com/...2852200101.htm

Also I didn't understood, can you explain following

Quote:
A spokesperson for RCom said that the deal involves share swap, transfer of debt and cash payment. All shareholders of RCom will get free shares of GTL based on the swap ratio to be fixed by independent valuers.
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  #86  
Old 28th June 2010, 09:41 AM
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Quote:
Originally Posted by man4urheart View Post
Also I didn't understood, can you explain following
Which part isn't clear?

GTL Infrastructure will be taking the towers business from Reliance Infratel.

GTL Infrastructure will compensate Reliance Infratel in three ways:

1. Issuing new shares to Reliance Infratel shareholders.
2. Paying some cash to Reliance Infratel.
3. Taking some debt from Reliance Infratel's balance sheet to its own balance sheet.
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  #87  
Old 28th June 2010, 03:24 PM
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@man4urheart, @alchemist

Are you guys having any fresh target for RCOM following this deal?

Actually I had entered into this counter at Rs.175. At that time I was looking at a target of Rs.210. Today the stock bounced 6% but couldn't cross 205 decisively. Does it make any sense to hold onto RCOM till the final deal structure is clear and swap ratios are declared?
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  #88  
Old 28th June 2010, 05:43 PM
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Quote:
Originally Posted by sdinvest View Post
@man4urheart, @alchemist

Are you guys having any fresh target for RCOM following this deal?

Actually I had entered into this counter at Rs.175. At that time I was looking at a target of Rs.210. Today the stock bounced 6% but couldn't cross 205 decisively. Does it make any sense to hold onto RCOM till the final deal structure is clear and swap ratios are declared?
I guess there will be more upside when 26% in RCom would be sold.
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  #89  
Old 28th June 2010, 06:01 PM
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Quote:
Originally Posted by sdinvest View Post
@man4urheart, @alchemist

Are you guys having any fresh target for RCOM following this deal?

Actually I had entered into this counter at Rs.175. At that time I was looking at a target of Rs.210. Today the stock bounced 6% but couldn't cross 205 decisively. Does it make any sense to hold onto RCOM till the final deal structure is clear and swap ratios are declared?
I think Reliance Communications is the winner in this deal and may have some more upside.

The exact "price" for the deal has not been finalized, but if the valuations reported in the media are true, Reliance Communications has got a good price for its tower business.

GTL Infrastructure doesn't have much cash and also isn't making much profit.

I wonder how much cash is it going to pay to Reliance Communications!
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  #90  
Old 28th June 2010, 06:23 PM
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Quote:
Originally Posted by sdinvest View Post
@man4urheart, @alchemist

Are you guys having any fresh target for RCOM following this deal?

Actually I had entered into this counter at Rs.175. At that time I was looking at a target of Rs.210. Today the stock bounced 6% but couldn't cross 205 decisively. Does it make any sense to hold onto RCOM till the final deal structure is clear and swap ratios are declared?
I think Bet is if Rcom moves above 220. Before that it will be in range bound.

I only see more upside if it closes above 221 level.

Happy investing
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  #91  
Old 6th September 2010, 12:41 PM
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Todays news is that GTL Infra has called off its plan to merge with Reliance communications tower business.

The thought of RCOM's debt getting reduced is not going to materialize. So are we going to see sub 130 levels in RCOM now?
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  #92  
Old 6th September 2010, 12:44 PM
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Wait and watch.

There are lots of other players in the market. If this deal is not successful then definitely they will look for alternatives.


Happy Investing
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  #93  
Old 6th September 2010, 12:57 PM
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So is this the right price to enter the RCOM?
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  #94  
Old 6th September 2010, 09:59 PM
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I feel Mukesh Smbani angle in this stuff.

Maybe he will get it over. I personally feel.
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  #95  
Old 5th October 2010, 07:24 AM
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Somebody looks like silently getting into this scrip.

Notice All 13, 21 and 50 Ema are trading so close to 200 MA.

Note the rounding bottom. Also note the volume on selling.

RCOM can get above 200, we will have a blast up!
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  #96  
Old 30th November 2010, 09:30 AM
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Reliance Communications is now trading at 0.5 times book value.

The stock is now lower than the low that it made in October 2008 (147.30) and March 2009 (131.10).
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  #97  
Old 30th November 2010, 09:39 AM
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Quote:
Originally Posted by Alchemist View Post
Reliance Communications is now trading at 0.5 times book value.

The stock is now lower than the low that it made in October 2008 (147.30) and March 2009 (131.10).
So is this a buy now or stay away from ADAG group ?
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  #98  
Old 30th November 2010, 09:56 AM
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Quote:
Originally Posted by spacenoxx View Post
So is this a buy now or stay away from ADAG group?
It may give a small technical bounce.

I am not sure about the long-term prospects of the company.

The company has reported a loss in 4 out of the last 5 quarters.

On consolidated, it is doing much better, but I need to relook at the details, before I can comment further.
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  #99  
Old 30th November 2010, 10:07 AM
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Looks like RCOM has made its contribution to the list of current scams. See this article.

The article does not give much details or timelines, but looks like RCOM tried to pass off international calls as local calls.

BSNL is now authorised to impose "maximum" penalty on RCOM. Any clue what the magnitude of penalty could be?
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  #100  
Old 30th November 2010, 10:20 AM
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Quote:
Originally Posted by sudhashbahu View Post
Any clue what the magnitude of penalty could be?
According to this report, the amount is just Rs 100 crore.

Quote:
BSNL had imposed a penalty of around Rs100 crore on R-Com for routing international calls as local ones during 2004.
SC says R-Com to pay penalties for masking international calls.
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  #101  
Old 30th November 2010, 10:44 AM
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Reliance Communications needs funds and until they get the money they can't clean up their Balance Sheet.
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  #102  
Old 30th November 2010, 10:44 AM
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Quote:
Originally Posted by Alchemist View Post
It may give a small technical bounce.

I am not sure about the long-term prospects of the company.

The company has reported a loss in 4 out of the last 5 quarters.

On consolidated, it is doing much better, but I need to relook at the details, before I can comment further.
Can you please do that because I think in times to come this can be a multi bagger.
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  #103  
Old 30th November 2010, 11:14 AM
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Quote:
Originally Posted by ssoni View Post
Can you please do that because i think in times to come this can be a multi bagger.
I suggest caution.

As per the SC ruling it is already established that RCOM passed international calls as local calls.

The government is also probing if Swan Telecom acted as a front company for RCOM during spectrum bidding.

Wait for some clarity to emerge.
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  #104  
Old 6th February 2011, 02:48 PM
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I want to know if its a good time to enter RCOM. Now at 114.75, lower than the issue price and a new low this year?
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  #105  
Old 9th February 2011, 09:58 AM
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It's breaking its 52 week low daily. What is the future of this stock? I am in loss of more than 40%.
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  #106  
Old 9th February 2011, 11:47 PM
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Should one average at these value?
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  #107  
Old 10th February 2011, 08:36 AM
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Quote:
Originally Posted by zomzipp View Post
Should one average at these value?
Technically, the stock is oversold.

If the stock corrects further today, you can buy some shares for a short-term bounceback.

Fundamentally, there are too many issues with the company and the company is now reporting losses. I really don't have any view on this stock now.

I don't have any faith in any of the ADAG stocks now.
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  #108  
Old 10th February 2011, 11:18 PM
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Another one after Reliance Power, this one has also resulted in loss. I guess need to avoid ADAG stocks forever.
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  #109  
Old 11th February 2011, 10:20 AM
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One interesting thing that I just noticed:

Reliance Communication's networth is fives times that of Idea Cellular.

However, Reliance Communication's market capitalization is now less than that of Idea Cellular.

Idea

CMP: 62.50. Market capitalization: Rs 20635 crore.

Reliance Communications

CMP: 91. Market capitalization: Rs 18783 crore.
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  #110  
Old 19th February 2011, 08:50 PM
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Fresh money trail emerges in 2G spectrum case - Tehelka.
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  #111  
Old 2nd June 2011, 09:17 AM
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Loss has widened to 48.97% (Rs 13000). Is there any hope of some short-term bounce or I should exit?
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  #112  
Old 2nd June 2011, 06:49 PM
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Quote:
Originally Posted by zomzipp View Post
Loss has widened to 48.97% (Rs 13000). Is there any hope of some short-term bounce or I should exit?
Today's fall is on the basis of possibility of Anil Ambani's hearing in court today.

You follow that news closely and take your decision.

Happy Investing !
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  #113  
Old 2nd June 2011, 07:31 PM
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In today's newspaper in dna money it was on front page. Lot of accounting tricks have been used by the company to show minimum expense. I am not genius into accounts right now.

Sharing the link. Can someone explain what it shows according to this report?

RCom a/cs on Rs1,126 crore expenses unusual - Money - DNA
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  #114  
Old 2nd June 2011, 07:52 PM
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Quote:
Originally Posted by zomzipp View Post
Loss has widened to 48.97% (Rs 13000). Is there any hope of some short-term bounce or I should exit?
What price did you buy the shares at and what percentage of your equity portfolio is made up of Reliance Communications shares?

For now, the court has rejected the plea to probe Anil Ambani, but this is not the end of the investigations.

Anyway, Reliance Communications' problems aren't just because of the 2G scam.

The core business of the company is in bad shape.

There was a time when Anil Ambani wanted to do an IPO for the tower business.

His decision to actually sell-off the entire tower business makes me suspicious.

Anil Ambani is someone who wants to be in each and every business. I don't recall the Ambanis selling-off any of their major businesses in the last few decades.

It seems both Anil Ambani and Reliance Communications are desperate for cash. This isn't a good sign.

Reliance Communications has a debt for around Rs 35000 crore.

The tower business is expected to fetch around Rs 20000 crore - Rs 25000 crore.

Even after selling-off the tower business, Reliance Communications will be left with Rs 10000 crore - Rs 15000 crore of debt.

Once the towers are sold-off, the company will have to pay for using the towers.

Whether the deal will be beneficial to Reliance Communications or not, will depend on the price that company will get for the tower business and the contract terms between the company and the new owner of the tower business.

Given the uncertainties that the company faces and the corporate governance issues with the ADAG Group, I don't find the stock attractive at current prices.

Maybe if the stock falls to 60 or so, averaging and new buying can be done.
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  #115  
Old 2nd June 2011, 10:41 PM
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Quote:
Originally Posted by Alchemist View Post
What price did you buy the shares at and what percentage of your equity portfolio is made up of Reliance Communications shares?
140 shares at Rs 182. Total cost of RCOM shares is Rs 25,365.20.

Loss of Rs 12,786.20.

33% of the total portfolio of Rs 77000.
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  #116  
Old 21st July 2011, 01:17 PM
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Article published on moneylife.in

Quote:
A new research alleges that Reliance Industries and Reliance Communications have shortchanged investors by over Rs25,000 crore at the RCom formation and that profits have been inflated at RCom between 2006-2010 by almost Rs11,000 crore
Reliance Communications dubbed "poster child of everything wrong with Corporate India"; - Moneylife Personal Finance site and magazine
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  #117  
Old 21st July 2011, 10:17 PM
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I always had this doubt in my mind and feeling that how come such a powerful and shrewd businessmen like Dhirubhai passed away without having a simple WILL.

I always doubt that the brothers going other way was just a way to double their asset on papers with power broking this and that.

This papers prove the same I guess. Though i'll love to read the whole paper. I am sure soon this will be brought out of public eye just like the biography on Dhirubhai "Polyester Prince".
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  #118  
Old 18th August 2011, 09:54 AM
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Article like the above and the way Reliance Communications' stock has been behaving, I can't help but wonder whether "RCOM" is another Worldcom.
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  #119  
Old 30th September 2011, 09:21 AM
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What are chances of younger brother going to jail and big brother taking over all business?

The way clouds are forming over Anil, Tihar Jail is not far?

CBI almost planning for a indictment?
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  #120  
Old 30th September 2011, 09:44 AM
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Quote:
Originally Posted by man4urheart View Post
What are chances of younger brother going to jail and big brother taking over all business?

The way clouds are forming over Anil, Tihar Jail is not far?

CBI almost planning for a indictment?
I don't think so at least for Reliance.

In worst case amalgamation might happen but again Mukesh won't take over (he will avoid his best to show his footprint on this mess).

I feel Maran is in trouble rather than ANIL.

Because this corporates especially Reliance are source of donation to parties running the central government.

This can't be true to Marans as they are more located regionally plus being part of politics themselves they finance themselves and if center ask some donation they show their true political color.

Some technical loophole will surely come up and save ANil's neck. Won't surprise if some person himself becomes scapegoat who is already in jail from ADAG group.
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