BSE to suspend trading in securities in 18 companies with effect from January 4<http://prabhakar-views.blogspot.com/2009/12/bse-to-suspend-trading-in-securities-in.html>
http://prabhakar-views.blogspot.com/2009/12/bse-to-suspend-trading-in-securities-in.html The action follows these companies not complying with the various clauses of the Listing Agreement, the exchange said in a release here. * * *http://pib.nic.in/release/release.asp?relid=54952 Comptroller and Auditor General (C&AG) in his recent report on the working of Bharat Earth Movers Ltd (BEML) has stated that the company has inflated its sales by Rs. 894 crores. BEML has been advised to ensure that sales are booked appropriately and also have a re-look at is sale accounting policy. This information was given by Minister of State for Defence Shri MM Pallam Raju in a written reply to Shri Rajeev Chandrasekhar in Rajya Sabha today.* * * *JSW Energy IPO to open 7 December, targets Rs2,700 crore* * http://www.livemint.com/2009/11/23184220/JSW-Energy-IPO-to-open-7-Decem.html *<http://www.livemint.com/2009/11/23184220/JSW-Energy-IPO-to-open-7-Decem.html> * * *Sajjan Jindal, vice chairman, JSW Steel Ltd, did not disclose the extent of equity dilution, saying it would be clear once the price band for the offer is announced on 3 December* http://www.dnaindia.com/money/report_bad-times-continue-for-jsw-in-us_1318992 *JSW Steel's US subsidiary continues to struggle and its outlook doesn't seem too bright in the medium term. When asked about the US operations recently, Sajjan Jindal, vice-chairman and managing director, JSW Steel, said, "You have touched a paining nerve. The US operation continues to struggle and is currently working at a capacity utilisation of 20-25%." He said the subsidiary has stopped losing money at least. However, the steelmaker doesn't see it making any money going forward. Jindal said, "In the coming year, we won't lose any money but may not make money there either."* Regards A.K.Prabhakar Equity Analyst [email protected] [email protected] * * http://akprabhakar.blogspot.com http://prabhakar-views.blogspot.com *Disclaimer:*** *This represents views based purely on Technical studies. The information and views presented in this report are prepared by A K Prabhakar. The information contained herein is based on my analysis of the Charts and upon sources that I consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither A K Prabhakar nor any person connected with him accepts any liability arising from the use of this information and views mentioned in this document. A K Prabhakar and his affiliates may hold long or short positions in the above-mentioned companies from time to time. The report is intended for a restricted audience and I am not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities. * -- A.K.Prabhakar -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
