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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: 18/Jun/2007 at 12:01pm |
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Marathon AMbani does not miss a chance when it comes to dilutiung equity!
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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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deveshkayal
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Joined: 04/Sep/2006
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Posts: 3903
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Posted: 18/Jun/2007 at 9:58pm |
Merrill Lynch has raised its price objective to Rs.1200 on the back of a 27% rise in life insurance venture and 66% rise in the general insurance value. Asset Management value raised by 11%.No change made to the value of Reliance Money.
Sum of parts valuation:
Life Insurance 532
General Insurance 99
AMC 152
Rel Money 85
Investments 111
Consumer foray 217
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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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smartcat
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Joined: 29/Mar/2007
Location: India
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Posts: 4243
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Posted: 19/Jun/2007 at 12:16pm |
| We are the most under insured countries in the world and this requires massive capital. And the only way to bring in capital is Indian capital and foreign capital, in more or less equal measure. It will lift the burden on the Indian entrepreneur |
Since Reliance Capital doesn't have a firangi partner and doesn't seem to have difficulty raising capital, I think Reliance Insurance will grow at a faster pace than Max New York Life, Birla Sun Life etc. That's because the Indian partners who own 74% are either risk averse or don't have the capability to invest more money.
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deveshkayal
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Joined: 04/Sep/2006
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Posts: 3903
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Posted: 19/Jun/2007 at 4:24pm |
I think Reliance Insurance will grow at a faster pace than Max New York Life, Birla Sun Life etc.
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I think they are already growing at the rate more than Max and Birla,but no sure that when compared to LIC,ICICI.
Is something cooking in the counter.Market Cap is 26,517crs..getting expensive each day like Educomp!
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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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smartcat
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Joined: 29/Mar/2007
Location: India
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Posts: 4243
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Posted: 19/Jun/2007 at 4:27pm |
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hmm.. true. It is going up like a midcap company. I'm tightening my seat belts and will try to enjoy the ride.
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deveshkayal
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Joined: 04/Sep/2006
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Posts: 3903
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Posted: 19/Jun/2007 at 4:35pm |
Reliance Money is aggressive..they have opened 2270 outlets in a short period when compared to >640 of Indiabulls,>813 of Kotak,615 of Sharekhan.
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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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tigershark
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Joined: 13/Oct/2006
Location: India
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Posts: 3542
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Posted: 19/Jun/2007 at 9:42pm |
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somebody has said on ted that mkt cap should be seen in conjunction with the scale of oportunity
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understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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deveshkayal
Senior Member
Joined: 04/Sep/2006
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Posts: 3903
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Posted: 19/Jun/2007 at 9:58am |
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Rel MF is in talks with the London fund house Schroders,Barclays and Royal Bank of Scotland for a tie-up on a reciprocal basis. The India-specific funds raised by the global partner from the overseas markets will be managed by Rel MF.The latter will raise funds from the Indian investors and these will be handled by the global partner.A Rel MF spokesman confirmed the talks with various global funds. (BS)
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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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