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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
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Posts: 5966
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   Posted: 27/Nov/2006 at 12:31pm |
Yes Bank is getting ready for raising capital again. They would be selling some part of equity for the samee...again! Plan is to raise 150 million USD by March 2007.
Source 1: http://in.today.reuters.com/news/newsArticle.aspx?type=businessNews&storyID=2006-11-26T164005Z_01_NOOTR_RTRJONC_0_India-277842-1.xml
Edited by omshivaya - 27/Nov/2006 at 1:03am
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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: 27/Nov/2006 at 1:06am |
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This is one problem with small banks, they have no choice but to dilute equity, the reason why HDFC Bank outperformed ICICI bank was because Icici Bank diluted equity frequently, now they are not so the price is also catching up..
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When going gets tough, that’s when tough (people) gets going.
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reetesh
Senior Member
Joined: 01/Sep/2006
Location: India
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Posts: 793
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Posted: 27/Nov/2006 at 1:08am |
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Om, by the way if I remember correctly you were looking at target price of 140 in a years time for YES Bank that you got in 10 days you should have sold them..
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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
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Posts: 5966
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Posted: 27/Nov/2006 at 1:24am |
Nopes Reetesh buddy!
Well, I had assumed an EPS of 7 bucks for FY08. Based on that price and a PE of 30, I have entered it with an expectancy of 210 by March 2008.
I dont think I mentioned 140 anywhere or did I? By the way, how u doing? Any new entrantsin ur 'folio?  |
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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
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Posts: 793
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Posted: 27/Nov/2006 at 1:36am |
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Good, thanks... Yup I bought some Kotak Bank, I am after banks for some time now infact from june onward latest addtion to this is Kotak Bank......
Edited by reetesh - 27/Nov/2006 at 1:38am
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When going gets tough, that’s when tough (people) gets going.
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reetesh
Senior Member
Joined: 01/Sep/2006
Location: India
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Posts: 793
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Posted: 27/Nov/2006 at 1:46am |
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Have you looked at kotak Bank?
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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
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Posted: 27/Nov/2006 at 2:18am |
Uhmm, not till now. The problem is until next 1 year I cant sell any more stocks, else I shall have to pay capital gains tax. So whatever I look into, has to be a year from now. I shall look for a more than 50% CAGR(for 2-3 years) company 1 year from now and shall post this question in Nov, 2007 I guess. LOL!
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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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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 3142
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Posted: 27/Nov/2006 at 10:30am |
Now we know Reetesh... who caused a rally in KMB yesterday, when it gained 4%. It must have been a big "Buy" order by you. 
Anyway, great to see a good Discussion on Banks on the forum. Do you guys track PSU banks and If yes, do you look at Bonds for the Bond portfolio of PSU Banks.
BankNifty is a great way to play the Indian Banking basket.
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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