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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
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Posts: 5966
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   Posted: 07/Nov/2006 at 7:32pm |
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Okay. Thank you. Aprreciate it.
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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reetesh
Senior Member
Joined: 01/Sep/2006
Location: India
Online Status: Offline
Posts: 793
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Posted: 07/Nov/2006 at 9:24pm |
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I think those who are looking at YES bank for 10 years, In my mind they will do well if they look at ING Vysya bank for next 4 to 5 years. ING is trading at 1.4 book where as YES or Centurion etc are trading any where between 4 to 6 times, ING`s previous performance is not that great but things are changing and ING is seriously looking at Indian Operation and if you guys are so bullish on YES, I hope ING pick up this bank post 2009.
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When going gets tough, that’s when tough (people) gets going.
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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 5966
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Posted: 07/Nov/2006 at 11:39pm |
Ya, let's hope so. But at 10 times the current price hopefully 
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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tigershark
Senior Member
Joined: 13/Oct/2006
Location: India
Online Status: Offline
Posts: 3542
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Posted: 07/Nov/2006 at 4:10am |
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kvb looks good on fundas and as a take over tgt post2009 look at the
sept results great.nii has expanded, eps growth on increased equity and
non promotor holding is 90% it appears that fii have already bought
apart of these banks and kept for somebody.yes bank also seems to go
the same way maybe rabo bank india 2010
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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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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 5966
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Posted: 07/Nov/2006 at 10:12am |
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Ya, incidentally Rana K of Yes Bank also was head of Rabo Bank India before he opened up Yes Bank. Also Rabo Bank holds more than 15% currently in Yes Bank. Let's see if Rana K can keep the corp. governance and investor confidence par excellence as he says now.
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 09/Nov/2006 at 9:21pm |
Basantjee
I have 3 separate queries for this sector (Banking & FIs):
- What does it mean by 'adjusted' Book Value?
- How would you compare or rather rate, amongst pvt banks: UTI Bank v/s Yes Bank v/s KVB v/s ING Vyasa
- In FI space, how much multiple (to BV) is justified for IDFC?
Edited by kulman - 09/Nov/2006 at 9:21pm
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Life can only be understood backwards—but it must be lived forwards
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 09/Nov/2006 at 9:28pm |
What does it mean by 'adjusted' Book Value? - Book Value - Non Performing assets per share.
How would you compare or rather rate, amongst pvt banks: UTI Bank v/s Yes Bank v/s KVB v/s ING Vyasa - Management (historic and subjective )Price to adjusted Book Value, RoE finally PE. As on today UTI KVB are more stable YES most promising ING cheapest.
In FI space, how much multiple (to BV) is justified for IDFC?
New Bank growing fast so maybe 2 times or so at most. Basically we need to see HDFC Bank is growing at 30% and trades at Price to adj Book of 4-5 times SBI at 1.5 times since growth is slower so it is subjective you see.
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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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patnitin
Groupie
Joined: 05/Sep/2006
Location: India
Online Status: Offline
Posts: 74
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Posted: 28/Dec/2006 at 2:43pm |
Hello Basantjee,
I intend to exit UTI Bank(Acq.Price 43) and Karnataka Bank(Acq.Price 85) and enter Yes Bank.
Would you advise the same.
I also hold other banks such as HDFC Bank,SBI,ICICI but am of the view that those stocks I would probably pass on to my daughter like my father's doing.Your comments please.
Regards,
Nitin
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