Nitco Tiles – A derived Real estate & housing play

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Topic: Nitco Tiles – A derived Real estate & housing play

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kulman
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Posted: 18/Jan/2007 at 10:32pm

This shows their analytical skills! No wonder their AB has the widest smile which even a 29" TV can't accomodate!

Life can only be understood backwards—but it must be lived forwards

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basant
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Posted: 18/Jan/2007 at 10:32pm

SOmethings are better understood then said. To take this point further there are two options on why any brokerage could do like this (no specifics here):

1) The short term sell call was an error in judgement so that tells us about the level of research these guys do.

2) They did it to take position first and then once that position was created they changed back the rating.

3) The company comes out with some positive news.

I did not hear anything on point (3) above so the options are there for any investor to choose.

'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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PrashantS
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Posted: 18/Jan/2007 at 11:43pm

yes that is right.....they get in first and get out first...but again people should not follow these reports...and stuf...or their calls................but people do loose.....

i see so many people buying at high rates and asking Udayan what to do....if u see carefully ....he does smile...smart guy.....does he also do trading...i heaard that he has his own company...to do this...i am not sure how true this can be....but is it possible that these guys in Tv18 trade..???

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xbox
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Joined: 10/Sep/2006
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Posted: 18/Jan/2007 at 4:42am

Well I know for sure that Udyan M does not trade. If he does trading, he is out of the job. With this understanding he is standing there.

He is not employee of TV18 as well. He is consultant/freelancer. As per own personally view, he has gr8 common sense and I like his this attribute very much. I watch pre-market chats for this.

He is not the one to look for numbers/recommendations etc. His interviews and presence of mind is commendable but then he is well paid for this and shortly we will be charged to watch him (thanks to CAS).

All in all, he alone attributes to major chunk of tv18's success. That another guy, Senthil is also very influential guy but not fit for live shows. Sooner the better tv18 ppl realizes that but he was the face of cnbc-tv18 for long time.

Other ppl are good for nothing including mitali, rahul or paridhi. etc. etc. Mitali may comeout from this list as she gets lessons from Udyan himself.

If Udayan is sole torch bearer at cnbc-tv18 then there are quite a lot at awaj. Awaj is much more interesting channel for many ppl.

That Ashu guy was also great but then ek miyan me do talwar nahi ...

Edited by vipul - 18/Jan/2007 at 4:43am

Don't bet on pig after all bull & bear in circle.

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kulman
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Joined: 02/Sep/2006
Location: India
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Posted: 18/Jan/2007 at 7:22am

Hmmm....interesting study...........of TV anchors.

The discussion on Nitco Tile is getting volatile!

Life can only be understood backwards—but it must be lived forwards

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basant
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Posted: 18/Jan/2007 at 8:44am

Udayan does not trade nor does he own shares of any company except ESOP's in Tv18.

'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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basant
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Posted: 01/Feb/2007 at 12:11pm

UBS Securities along with a couple of other funds picked up some 720,000 shares yesterday at Rs 240. Since UBS has taken over Standard Chartered Mutual Fund and Nawal bir Kumar would remian with the StanC MF I expect some ideas that Nawal has been following to be followed by UBS also.

'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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kulman
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Joined: 02/Sep/2006
Location: India
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Posts: 9319

Posted: 24/Feb/2007 at 9:43pm

Basant jee.....how do u look at these developments?:

Nitco Tiles Ltd has informed BSE that the members at the Extra-Ordinary General Meeting (EGM) of the Company held on February 21, 2007, inter alia, have considered and approved the following:

1. Increasing Authorized Capital from Rs 27.50 crores to Rs 50 crores and consequent alteration of capital clause in the Memorandum and Articles of Association.

2. Raising of long terms funds up to an amount of Rs 250/- Crores as may be expedient by way of FCCBs / GDRs / ADRs / Qualified Institutional Placement (QIP) as per the provisions of SEBI (DIP) Guidelines / applicable provisions
STANDARD CHARTERED MUTUAL sold 1,80,000 @ Rs.225

Life can only be understood backwards—but it must be lived forwards

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