How it is now at 1.1 times P/B.

Originally posted by basant Originally posted by excel_monkey how does Reliance Capital looks like at P/B of 2 you are getting India's Largest AMC along with one of India's fastest growing insurance company for attractive valuations What makes you so confident of the Book Value.RCap has recklessly written insurance policies which may create future liabilities. Also along with the real estate and infra companies the R group shares were the leaders of the last Bull market and thus suffer from ownership bias.I would not buy these unless you were taking a trading punt.

Edited by Hrishi - 10/Nov/2011 at 12:04pm

Yeah, A deperate for cash group will probabily work to raise money at all costs without worrying about tomorrow.

Attended RCAP institutional investors meet yesterday (on valentine day-their timing sucks)

Crisil was the co-presenter with a view on their credit analysis.

Sam Ghosh said amc stake sale money is expected by 1st qtr 12-13.

Madhusudhan kela was comparing GDP/MCAP of developed economies Vs that of India and was very very very bullish on equity market in general and rcap in specifc.

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