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investor
Senior Member
Joined: 06/Sep/2006
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Posts: 1745
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   Posted: 27/Mar/2008 at 11:26am |
Im not able to remember what we discussed about Edelweiss when it went IPO - was it a good buy on its IPO price (825) ? It available at that level right now - only difference is one gets confirmed allotment and as many shares as you want. 
Edited by investor - 27/Mar/2008 at 11:26am
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The market is a place where people with money meet people with experience.
The people with experience get the money while people with money get experience!
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Mohan
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Joined: 09/Feb/2007
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Posted: 27/Mar/2008 at 11:27am |
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The movements in the markets recently have caused some of the BROKERS AGE prematurely.
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Be fearful when others are greedy and be greedy when others are fearful.
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johnnybravo
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Posted: 27/Mar/2008 at 11:46am |
Originally posted by kulman
One of the largest brokerages, REFCO went bust couple of years ago in US. Whatever happened in the west.....
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Aree bhai aabhi jawani ayi nahi hai aur tum budhape ki batein kar rahe ho...Agreed that its good to be prudent and visionary and plan for future, but I think India will take time to be at a position where US or Japan is presently. Lets enjoy the ride from 18 to 40 (read Indian economy's context only).
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Saab Moh Maya hai!
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smartcat
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Joined: 29/Mar/2007
Location: India
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Posted: 28/Mar/2008 at 12:09pm |
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Below 1000, Edelweiss will continue to be a great buy - irrespective of the condition of the market and irrespective of whether the sun rises tomorrow or not.
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kulman
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Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 28/Mar/2008 at 2:44pm |
[ QUOTE=johnnybravo]
Aree bhai aabhi jawani ayi nahi hai aur tum budhape ki batein kar rahe ho...Agreed that its good to be prudent and visionary and plan for future, but I think India will take time to be at a position where US or Japan is presently.
Lets enjoy the ride from 18 to 40 (read Indian economy's context only).
[/QUOTE]
 What's happening in this stressful times is that at young age people are suffering due to copying Western lifestyle.
Having said that....here's some more on this sector:
| With Sebi all set to implement its twin moves of allowing short-selling by institutions and requiring them to pay margins on all cash trades from April 21 |
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Life can only be understood backwards—but it must be lived forwards
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 28/Mar/2008 at 3:12pm |
And some more....
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The year would have been much better for Naveen Khadilkar (name changed), had he not lost his job months before his marriage. The 26-year-old, who worked as a relationship manager with a Mumbai-headquartered brokerage, walked into office last week only to be told that his services had been terminated.
But Naveen is not the only one who is bearing the brunt of a bear run in the market. If market sources are to be believed, top brokerages have already begun downsizing staff (or stalling new recruitment) to reduce costs in what has been a nightmarish quarter.
Following the market crash in late January, most retail brokerages have been hit by a double whammy of bad debts and a sharp drop in daily turnover.
Last year, many brokerages had expanded their branch network, hoping that they could get private equity investors to pay more for a wider presence. But uncertain market conditions are forcing many brokerages to have second thoughts on the need for so many branches and staff.
“Underperformance” is cited as the most common reason given for laying off people.
Lacklustre market and lack of interest on the part of investors to participate in daily proceedings have put a question mark over earnings for most broking firms. The business model of most broking firms (and also fund houses) is highly correlated to general market conditions. Indian financial services institutions are expected to do better in times of good markets. Pursuant to the fall, brokerages are focusing more on distribution of insurance products to make up for losses in equity broking.
More than specific functionaries like dealers and research analysts, it is relationship managers who are finding the future of their jobs up in the air. A mid-size brokerage could have anywhere between 500 and 1,000 relationship managers in its rolls. The job profile of relationship managers includes marketing and selling of financial products, client servicing, acquiring new clients, garnering more business and advising HNIs on their long-term and short-term investments. Relationship managers are paid in the range of Rs 5-12 lakh depending on their experience and performance. They are bound to stiff and at times impossible-to-achieve targets.
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Life can only be understood backwards—but it must be lived forwards
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basant
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Posted: 28/Mar/2008 at 3:20pm |
Wonder how and why no one is talking about low penetration rates. This was the basic theme in which brokerage stocks were ramped up earlier!
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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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Mohan
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Joined: 09/Feb/2007
Location: United States
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Posted: 28/Mar/2008 at 10:25pm |
Originally posted by basant
Wonder how and why no one is talking about low penetration rates. This was the basic theme in which brokerage stocks were ramped up earlier!
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People are in a lot of pain from low Penetration. The idea back- fired.
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Be fearful when others are greedy and be greedy when others are fearful.
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