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GalaTime
A blog about Indian Capital Markets, by Kaushik Gala |
GalaTime Portfolios (Virtual Portfolio Management, Rs 500,000 /-) 
(GalaTime in Gujarati) |
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I’ve not been blogging much for the past 2 months, and have decided to put things on hold for the rest of the year, while I recharge my blogging mojo. See you in early ‘07! Meanwhile, comments (email) always welcome.
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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.
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COPYRIGHT © WWW.GALATIME.COM 2004-2008. ALL RIGHTS RESERVED. |
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October 31st, 2006 at 1:42 pm
Kaushik, I am sorry to see that we will not be receiving your timely and valuable insights about the Indian market.
Was the website hacked in the last couple of weeks? I tried to access it a few days ago and almost got infected by a trojan.
October 31st, 2006 at 3:11 pm
Asif,
I know my web host has been down on some occasions over the oast 2 weeks, but I wasn’t aware of any trojan’s being dished out. I’ll check.
Thanks.
November 2nd, 2006 at 2:57 am
If it is any help, the trojan was a VB based script that McAfee was able to identify and block.
November 2nd, 2006 at 12:25 pm
Asif,
Thanks. I checked up the forums on the host and it seems that McAfee has been giving false positives:
http://www.totalchoicehosting.com/forums/index.php?showtopic=29972
January 16th, 2007 at 10:52 am
GBN - Misleading… but who cares??? - THE “SO-CALLED EXPERTS HAS HYPED IT SO MUCH THAT GULLIBLE INVESTORS ARE ONLY MADE TO LOOK INTO LISTING GAINS……
Consider these facts:-
1. TV - 18 hardly has 21% stake in GBN… TV 18 shares itself (after delisting due to internal reconstruction) is now quoting at 630-650 band….So is Rs. 230-250 justified for a subsidiary GBN???
2. GBN is a pure channel-based segment of TV 18 - Network group. This means, GBN has only CNN-IBN media channel to its credit. Will GBN be able to sustain its revenue model with a news channel which itself is in a nascent state in India??
3. Now the revenue model of GBN - it is purely on advertisement revenue the benchmark for which is viewership…..well it can go anyways…what if tommorrow somebody opens up a competing channel??
4. The Balance-sheet - GBN accumulated losses are to the tune of Rs . 50 crores … and as per the red-hering prospectus, it shall be FY 2008-09 they breakeven!!! I bet they dont have any significant assets such as studios and stuff because that will be in the balance-sheet of TV 18. So what do we have in the balancesheet of GBN?? - some tables and leasehold properties??
5. So what are our wonderful experts saying us??? Pay Rs. 250 for a share looing at future earning potentials of 2008-09???!!!
6. Our experts (many of them who are share brokers) cavort with the media and see to it that the “Book-building” mechanism of discovering a share price is twisted and contorted so much that the present SEBI chairman should take a leap from his Nariman office into the Arabian Sea.
But the point is who cares all this??? We need listing gains….. And believe me…. the share will list at Rs. 300 level due to some frenzy investors who only see that FIIs are barred from taking participating in the IPO (have they ever thought why?) …and shall surely make listing gains…
This happens only in India!!!
Hari Radhakrishnan Kurup,
Chartered Accountant, Pune