Only 5% Traders will earn from this Market————Can write on Stamp Paper of Any State.
Don’t waste your time ,money & energy :If u Don’t have Money ,Method ,Mind.
Don’t have Deep Pockets…………..Don’t Trade at all.
Don’t Waste Time watching Blue channels-Fundamentals -Growth Story :Everything is controlled by Corrupt Corporate houses or Fiis.
Trading in 1-2-5 lots ,Not having money in Bank and shouting whole day on whatsapp/Twitter/Facebook………..U will not get anything in life.
Technically Yours/ASR TEAM/BARODA
January 29, 2016
- July 14–18: P.O. No. 33 Village Sejavata, Ratlam 457 002 Madhya Pradesh (Ratlam facility)
- October 13–17: 1 Pharma Zone, SEZ Phase II, Sector 3, District Dhar, Pithampur, Madhya Pradesh (Pithampur facility)
- December 1–19: Plot 65 & 99, Danudyog Industrial Estate, Piparia Silvassa 396 230 (Union Territory of Dadra & Nagar Haveli) (Piparia Silvassa facility)
Debt-ridden Jaiprakash Power Ventures said on Tuesday it may once again seek board approval for a standstill agreement with bondholders to extend the deadline to repay money it owes them. Foreign currency convertible bonds (FCCBs) issued by the company in February 2010 are due for redemption on February 13 after the company negotiated a similar agreement in February last year.
Since then it has paid bondholders close to $125 million and owes them another $101.41 million. The FCCBs have a conversion price of Rs 85.81 per share. On Tuesday, shares of JP Power Ventures closed at Rs 5.98 on the BSE. In early February 2010, when the company issued FCCBs, the stock was trading at close to Rs 68.
In a filing to the stock exchanges, the company said, “With reference to the earlier letter dated February 01, 2016 informing about holding of next Board Meeting on February 11, 2016, inter alia, to consider Quarterly Results, Jaiprakash Power Ventures Ltd has now informed BSE that the Board in that meeting shall also be apprised of the possibility of signing a standstill agreement with a majority of the holders of outstanding FCCBs issued by the Company, since the Company may require additional time beyond February 13, 2016 to repay the FCCBs in full.”
At the end of March 2015, the consolidated net debt stood at Rs 31,409.73 crore, according to Bloomberg data.
In September last year, Jaiprakash Power sold its Karcham Wangtoo and Himachal Baspa II hydropower units to JSW Energy for an enterprise value of Rs 9,700 crore. Analysts observed at the time that the asset sale was necessitated by high interest costs and and losses on account of its coal blocks for the 1.3 GW Nigrie project being cancelled. In addition, the company also signed an MoU with JSW Energy to sell its 500 MW Bina thermal plant in Madhya Pradesh for which the due diligence is understood to be in process. The company has synchronised the 1.9 GW Bara plant which is expected to be commissioned by March.
European regulators have opened a preliminary cartel investigation into possible manipulation of the $1.5tn government-sponsored bond market, in the latest efforts to root out rigging involving financial traders.
The European Commission’s early-stage inquiry comes amid revelations that the US Department of Justice and the UK’s Financial Conduct Authority are also investigating the market.
The investigations are part of a campaign by antitrust regulators to root out collusion in financial markets following revelations that groups of traders worked together to manipulate Libor, a key rate that underpins the price of loans around the world. Further allegations followed that traders colluded to rig foreign exchange markets.
The commission’s powerful competition department has sent questionnaires to a number of market participants as part of an early-stage probe into possible manipulation of the price of supranational, subsovereign and agency debt, known as the SSA market.
This market covers a diverse range of debt issuers including organisations such as the European Bank for Reconstruction and Development and regional borrowers like Germany’s Länder. A common feature is that the bonds often have a form of implicit or explicit state guarantee.
The dilemma of the principal character in The Big Short, a film that revolves around a hedge fund manager who bets against the debt used to finance the housing bubble, has struck a chord with his peers in Hong Kong.
The film, which is based on actual events leading up to the global financial crisis, resonates with hedge fund managers as they decide how much further China’s currency will decline in the coming months.
Last week, on the sidelines of the Goldman Sachs Macro conference, hedge fund clients and Goldman traders swapped views on how quickly the renminbi could drop to 8 to the dollar from about 6.57 today. Many private equity executives who never before bothered to hedge the renminbi revenues of their Chinese corporate holdings are beginning to do so, despite the high cost.
Almost all alternative managers are relentlessly bearish about the prospects for China’s economy and stock market, and are even more pessimistic about the renminbi. However, they also acknowledge that investors can go bust even with the most brilliant fundamental analysis if they get the timing wrong.
Much of the chatter at the Goldman conference revolved around the intentions of the People’s Bank of China. Numerous investors expect that exporters will be forced to bring offshore dollar revenues onshore within a limited timeframe. Since China has a swelling trade surplus at the same time that reserves are dropping, exporters are clearly hoarding their dollars outside. Already Chinese banks are telling their corporate clients they can expect to receive fewer dollars this year than last, even to repay those ever more expensive dollar borrowings.
Moments ago S&P continued its downgrade cycle, this time taking the axe to the regional banks with the highest energy exposure due to “expectations for higher loan losses.” Specifically, its lowered its long-term issuer credit ratings on four U.S. regional banks by one notch: BOK Financial Corp., Comerica Inc., Cullen/Frost Bankers Inc., and Texas Capital Bancshares. The outlooks on these banks are negative.
It also revised the outlook on BBVA Compass Bancshares to negative from stable and affirmed the ‘BBB+/A-2’ issuer credit ratings.
We assume the non-regional mega banks are insulated from such actions because they are the primary beneficiaries of the Fed’s generous $2.5 trillion in excess reserves which will allow banks to mask as much of O&G portfolio deterioration as is necessary to “weather the cycle.”
What is notable is that among the S&P non-sugarcoated comments are some true fire and brimstone gems, which suggest that the big picture for banks with substantial energy exposure is about to get far worse. Here is what S&P said: