Ekansh Mittal – Page 144 – Katalyst Wealth

“Why I resigned from Goldman Sachs”….Greg Smith, Exec

March 20, 2012

Dear Readers, Be it US or India, the story is same all over the world when it comes to dealing with clients at Brokerage houses, Trading (be it in equities, commodities, etc) advisory firms. As clearly mentioned by Greg Smith in his resignation letter, the corporate culture at such firms sidelines the interests of clients in their pursuit of quick money. The central point of discussion for analysts at such firms is: “How much did we make off the clients?”…

Bhushan Steel Ltd: Rights issue offer – Watch out for t

February 22, 2012

Dear Readers, In the past, we have had very good experiences with Rights issue offerings of the company. For instance Veljan Denison proved to be a very good case with approximately 20% return in 3 months while Atul Auto was over the top with more than 250% return. We like the cases wherein: The equity dilution is less (For instance 1:10 i.e. one share for every 10 shares) The valuations are reasonable Relatively large public holding (enables subscription in excess…

ABM Knowledgeware – Recording more than 50% growth cons

February 1, 2012

Dear Readers, About a month back, we released an updated report on ABM Knowledgeware Ltd (BSE – 531161) In the report we had recommended a portfolio allocation of ~7% in the price range of Rs 65-70. The company recently announced its quarterly results for the quarter ending Dec’11 and we are glad to share the results with you. Its good to note that company has been consistently reporting more than 50% growth, without compromising on margins. As can be observed…

IVRCL & IVRCL A&H merger – An arbitrage opportunity off

January 26, 2012

Dear Readers, If you remember, we got some easy 12-14% return (in just 2-3 months) in the de-merger Risk arbitrage opportunity of Piramal Life and Piramal Healthcare (Search Piramal in the search box for details). Now, do we have a similar arbitrage opportunity in the case of the proposed merger scheme of IVRCL Ltd and IVRCL Assets & Holdings Ltd.? Let’s find out Disclaimer: The below article is based on some initial research done at our end. This should not…