Most recents (3)

@prudent_invstor

#indiabullsrealestate #NAM #Embassy The final verdict in the year-long "special situation" is a good read.

While the honorable #NCLT is pragmatic to squash the attempt of a marginal shareholder to derail a merger it has acted firmly on the true concerns

1/n

The court takes cognizance of the attempt of a marginal shareholder to acquire a minuscule stake in a public entity and an attempt to derail the broader interest of broader stakeholders in general. This would be a good reference for future cases as well.

2/n

The 67 page report is full of detailed citing, and one such citing possibly best summarizes the position of the judges in this case.

3/n

Read 8 tweets

Tar ⚡

@itsTarH

#IndiabullsRealEstate Q3FY22 Results

⭐️The Good
1⃣ Debt further reduced to ₹976cr
2⃣ Divestment of Subsidiary of ₹580cr
3⃣ Sold receivables of ₹2,159cr & total completed inventory of ₹983cr

👎The Bad
1⃣ New Sales were only of ₹184cr & Gross Collections of ₹292cr

1/5

Now I do not know why there was a slowdown in New Sales, they haven't provided any information in the Earnings Presentation

If they are finding it hard to sell inventory then its an issue & a systematic risk

Having said that, these numbers do not mean much on their own

2/5

Company is being valued on the numbers of Embassy without investors getting any insight into what Embassy's performance was like this Qtr

This should get resolved Q1FY23 onwards post merger with Embassy is completed

Hard to value #IBREAL on its own result in such scenario

3/5

Read 6 tweets