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India_Bull
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Joined: 19/Sep/2006
Location: United States
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Posts: 2296
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   Posted: 07/Nov/2007 at 7:57pm |
Deveshjee,
Where yre you nowadays? I hope your exam is over and you are enjoying the Diwali vacation.
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India_Bull forever Bull !
www.kapilcomedynights.com
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basant
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Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 07/Nov/2007 at 8:22pm |
Originally posted by deveshkayal
Fabulous report Basantji 
FY10 will be an exciting year for private banks shareholders !
What's the age of Nayak bcoz i guess he will have to retire by the age of 60 or 65 under law. |
Welcome back Hope your exams went off well.Nayak has been given an extension till 2009 and after that I doubt if he will be given an extension unless some other bank buys out Axis!
There will be a Big Bazaar for private banks in 2010 and unlike Biyani this bazaar will be governed by premium selling;the better quality products (banks) will fetch higher prices depending on how big (large) the products (branch networks) are. The foreigners will say do not worry about efficiency and other things just get us the reach and we will do the rest in about 2 years.
Didn't Anil Agarwal change Hindustan ZInc in 3 years and mind you HZL was a PSU.
Once any of these banks get taken over stocks will be rerated upwards again. that is because if HSBC takes over ABC Bank then ANC Bank will now get the premium PE that an HSBC would enjoy?
As X-Box says "Let's dream"!
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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reetesh
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Joined: 01/Sep/2006
Location: India
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Posted: 07/Nov/2007 at 9:31pm |
There will be a Big Bazaar for private banks in 2010 and unlike Biyani this bazaar will be governed by premium selling;the better quality products (banks) will fetch higher prices depending on how big (large) the products (branch networks) are. The foreigners will say do not worry about efficiency and other things just get us the reach and we will do the rest in about 2 years.
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Hi Sir, Have you looked at Federal Bank? I am scared to compare it with AXIS (as AXIS is your favourite) but I dont think there is much difference btwn `em...
Didn't Anil Agarwal change Hindustan ZInc in 3 years and mind you HZL was a PSU.
I dont think he would done this if ZINC price would have remained at 2001 level!!!
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When going gets tough, that’s when tough (people) gets going.
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basant
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Posted: 07/Nov/2007 at 9:43pm |
I would not like to buy a bank based on a takeover story only.. See the 10 year return of Federal bank and you would know what I am talking about. If the takeover happens in 2012 or does not happen at all then as investors we need to make some money on a consistent basis.How about RD's favourtite South indian bank in that case?
About that Hindustan Zinc story the production cost per tonne should indicate the efficiency not the profit per tonne and though I have no indepth study on the same I saw a couple of years back how the cost per tonne has been brought down. Probably it was a write up in business India.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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reetesh
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Joined: 01/Sep/2006
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Posted: 07/Nov/2007 at 10:22pm |
Sir,
Nopes I think then I would request you to look at Federal Bank (they are improving Q after Q operationally) I will not quote numbers ( I will leave that for you to do if you have time) I own this and for me after ING this is the best re-rating story....
I totally agree with you as far as per tonne theory is concern for Hind. Zinc as you said it was a PSU and there is always room for improvement in PSU`s.
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When going gets tough, that’s when tough (people) gets going.
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s_praharaj
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Joined: 10/Sep/2006
Location: India
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Posts: 357
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Posted: 09/Nov/2007 at 12:23pm |
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What I have heard is that, Mr Nayak of Axis Bank has not asked for the extension. Govt suggested to give him an extension as chairman of Axis Bank, with MD as someone else. Mr Nayak did not agree to this suggestion and was ready to step down. But finally Govt relented and as a special case allowed him extension with both the position of Chairman and MD.
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Shashi Praharaj
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deveshkayal
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Joined: 04/Sep/2006
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Posted: 09/Nov/2007 at 4:11pm |
Latest issue of Moneylife carries a small article which says,
'Govt. wants SUTI to dispose off its stake in Axis by an "Offer for sale" to the public. Having forced UTI Bank to change its name and build its own brand, why is SUTI holding on to Axis Bank's shares? One reason is that SUTI does not want to wind-up. In fact it has even inducted a finance ministry official on its board in a sure sign that it is looking to perpetuate its existence.'
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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basant
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Posted: 09/Nov/2007 at 6:33pm |
Will look for that issue but Govt. knows the mess it has got into by by holding through the PSU Banks I doubt if they would like to go in again for that kind of a setup when they are looking at ways to get out of the current PSU bank tangle..
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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