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Nifty View - December |
apka
Black Belt
Joined: 13 Dec 2011
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Post: #556  Posted: Wed Dec 12, 2012 1:10 pm Post subject: |
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| ktkbank has some merger stake sale news floating hence the high run and fall |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #557 Posted: Wed Dec 12, 2012 1:13 pm Post subject: |
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| I know its a strange qs but does anyone know where I can get to buy some USD at market rate without any commission? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #558 Posted: Wed Dec 12, 2012 1:14 pm Post subject: |
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| apka wrote: | | ktkbank has some merger stake sale news floating hence the high run and fall |
Most of the banks I have mentioned come in that category, Apka....the patterns are suggesting a fall....a deeper fall...for example, Ktkbank could go down to as low as 145 in a few weeks.....I wont rule out 125 as well...if they start falling then there wont be much support as they've gone almost like a straight line...  |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #559 Posted: Wed Dec 12, 2012 1:15 pm Post subject: |
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| taxmann50 wrote: | | I know its a strange qs but does anyone know where I can get to buy some USD at market rate without any commission? |
sorry, no idea...  |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #560 Posted: Wed Dec 12, 2012 1:23 pm Post subject: |
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Apka: Dont believe Ktkbank takeover rumors! Such rumors float around from time to time. There is no identifiable promoter group. Shares are widely held by South Kanara brahmin community in lots of 10-25-....500. Most directors are managers in the bank and from that community. Take advantage of the rumors to short at highs. Regards, Prakash Holla
Joke: My father, already a shareholder, purchased additional shares from his sister-in-law, in 1990. The bank staff wrote back: "From your name H. J. Krishna, it is not evident which community you belong to. Shareholding is restricted to the 9 sub- groups of South Kanara brahmins with 'inter- dining- facility'"!!!!!!!!! (Yane, I can eat at your house, you can eat at my house) |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #561 Posted: Wed Dec 12, 2012 1:30 pm Post subject: |
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| pkholla wrote: | Apka: Dont believe Ktkbank takeover rumors! Such rumors float around from time to time. There is no identifiable promoter group. Shares are widely held by South Kanara brahmin community in lots of 10-25-....500. Most directors are managers in the bank and from that community. Take advantage of the rumors to short at highs. Regards, Prakash Holla
Joke: My father, already a shareholder, purchased additional shares from his sister-in-law, in 1990. The bank staff wrote back: "From your name H. J. Krishna, it is not evident which community you belong to. Shareholding is restricted to the 9 sub- groups of South Kanara brahmins with 'inter- dining- facility'"!!!!!!!!! (Yane, I can eat at your house, you can eat at my house) |
Is the situation still the same, Prakash??...I mean the the shareholding restrictions.... 
Last edited by psalm on Wed Dec 12, 2012 1:31 pm; edited 1 time in total |
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pkholla
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Joined: 04 Nov 2010
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| Post: #562 Posted: Wed Dec 12, 2012 1:30 pm Post subject: |
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| taxmann50 wrote: | | I know its a strange q but does anyone know where I can get to buy some USD at market rate without any commission? |
1 Returning NRI, visitor? politician?
2 I know where u can sell! At the airport. The p$%ps will hand over thick bundle with brown paper and Rs 100 on each side. If you complain to the cop standing nearby, he will threaten you with jail (for illegal trade) unless you bribe him. Double dhamaka!
They tried it on my sister, who was being escorted by me from Sahar to Santacruz to send her on to B'lore. When I laughed at the p$%p, he got angry and said, "sab tumhare mafik hai, to humara dhandha kaise hoga?"
3 Joke: In 1980, a Maharashtrian friend (a Maratha like Pawar) was flying to Europe sitting next to a politician's son (also Maratha). They became friendly and noted that they had mutual friends/ acquaintances etc. When my friend expressed his problem that RBI has given too few dollars and he may have to starve OR sleep in park, the politico looked at him and said meet me outside X bank tomorrow morning. He handed over $5000 just like that and said return the equiv. in rupees in India. The rumors of lakhs of crores of foreign exchange deposits by Indians in Europe etc MUST be true!
Last edited by pkholla on Wed Dec 12, 2012 2:30 pm; edited 1 time in total |
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pkholla
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Joined: 04 Nov 2010
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| Post: #563 Posted: Wed Dec 12, 2012 1:35 pm Post subject: |
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| psalm wrote: | | Is the situation still the same, Prakash??...I mean the the shareholding restrictions.... |
Sam. Obviously not but the majority still hold shares handed down within the family. (My 2 sisters have their 1/3rd split each got from my dad!) Now you buy demat and who knows who u r anyway? Still, it was true then and a nice joke also! |
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psalm
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Joined: 12 Nov 2011
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| Post: #564 Posted: Wed Dec 12, 2012 1:39 pm Post subject: |
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| pkholla wrote: | | psalm wrote: | | Is the situation still the same, Prakash??...I mean the the shareholding restrictions.... |
Sam. Obviously not but the majority still hold shares handed down within the family. (My 2 sisters have their 1/3rd split each got from my dad!) Now you buy demat and who knows who u r anyway? Still, it was true then and a nice joke also! |
I know anyone can own the shares...but my question was if there is any restriction in becoming the major share holder or so....anyway, just a hypothetical question... |
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apka
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Joined: 13 Dec 2011
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| Post: #565 Posted: Wed Dec 12, 2012 1:44 pm Post subject: |
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thanks pk.
i dnt trade into rumoured stocks, but since sam mentioned it.. i was just informing. |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #566 Posted: Wed Dec 12, 2012 1:45 pm Post subject: |
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| psalm wrote: | | I know anyone can own the shares...but my question was if there is any restriction in becoming the major share holder or so....anyway, just a hypothetical question... |
There you come across RBI's strange and insane rules incl the one that no one party can hold more than 10% of the shares of a bank, except GoI of course. You must also note that the current management team is in place from around 2000 and showing 25-30% growth each year, low NPAs, and there is intense loyalty from staff AND shareholders. It is not easy for an outsider to take over such a company |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #567 Posted: Wed Dec 12, 2012 1:51 pm Post subject: |
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| pkholla wrote: | | psalm wrote: | | I know anyone can own the shares...but my question was if there is any restriction in becoming the major share holder or so....anyway, just a hypothetical question... |
There you come across RBI's strange and insane rules incl the one that no one party can hold more than 10% of the shares of a bank, except GoI of course. You must also note that the current management team is in place from around 2000 and showing 25-30% growth each year, low NPAs, and there is intense loyalty from staff AND shareholders. It is not easy for an outsider to take over such a company |
yea..that's why many promoters had to sell their stake or merge the bank with some bigger banks..... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #568 Posted: Wed Dec 12, 2012 1:54 pm Post subject: |
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| apka wrote: | thanks pk.
i dnt trade into rumoured stocks, but since sam mentioned it.. i was just informing. |
All the smaller banks are rumoured to be merger or acquisition targets of bigger banks these days, Apka.....there are a few reasons given for that...like managing the cost, sharing the NPAs...etc etc....but I doubt if there is any credibility in that rumour....anyway, will have to wait and see.... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #569 Posted: Wed Dec 12, 2012 2:14 pm Post subject: |
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bank nifty is still not breaking 12270, keeps bouncing.
a stat for everyone. 80% time december has remained postive. but its first opening day price is always gap up from nov close thats what makes it positive. dec close is always below its opening price.
this time nov close is 5879 and dec opening is 5879 lol... |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #570 Posted: Wed Dec 12, 2012 2:17 pm Post subject: |
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| may break that tomorrow ...inflation data is there....we have time today as well.... |
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