ABAN OFFSHORE Cmp Rs.1276 looking weak below 1200 on closing basis caution advised http://www.abanoffshore.com/
Aban Offshore, which along with its Singapore-based subsidiary Aban Singapore has Rs 16,635 crore of debt on its balance sheet, has admitted that it has failed to meet some of the conditions set by its bankers. http://economictimes.indiatimes.com/Engineering/Aban-Offshore-admits-it-breached-loan-contracts/articleshow/5302168.cms
Trouble started due to global recession: ABAN Offshore’s Singapore subsidiary, Aban Singapore Pte Ltd raised close to Rs 13,000 crore to acquire Norwegian company, Sinvest in 2006. The rest of the loan is on the books of the Indian company. The slowdown last year along with volatile oil prices led to many of its rigs lying idle. At present of its 20-odd rigs, three have not been deployed.
ABANOFFSHORE had raised Rs 697.50crs through private placement of shares with QIP on 17/Nov/2009 by approving the allotment of 5,697,135 shares at Rs 1,224.30 a piece.
ABAN Singapore to list on SGX, raise $400m: Sources
Technically the stock would be a break-down below Rs.1200 and next support on downside can be Rs.1040 & 865 and this is just to caution investor.
Caution: Whenever caution is given it is just to inform about the possible negative or positive impact on the stock and these are misunderstood and many short sell the stock to lose money. Whenever a IPO, QIP or a foreign listing is done the prices of stocks normally moves up and corrects @ latter point of time, JSWSTEEL is @ very high levels as JSWENEGRY IPO is on, and these kind of move always happens investors should take informed decision based on their own judgment after studying everyone view.
Asian markets open in the positive
US recovery appears firmer as unemployment drops
FIIs net sellers Rs 786cr in F&O on Friday
Kuwait sells Citi stake for $4.1 bn
Airtel asks Trai to look into predatory pricing
IOC to up plant capacity by 25%
NTPC in gas-supply deal with GAIL, IOC, BPCL
ADAG eyes alternative locations for power plant if Dadri fails
GVK buys L&T’s 17% Bangalore airport stake
N-deal with Russia may provide firm fuel supply guarantees
IFRS to hit property companies the most
RIL’s bonus shares will start trading Monday
BSNL cancels Huawei tender
DGS to flag off India's first FDI in shipping industry
Cairn completes 100 days of Mangala production
Posco seeks more time for Orissa steel SEZ
Royal Palms cuts realty prices by 25%
SUPPORT TAKEN @ 4920 AS NIFTY OPEN,LOW SAME
4942.25 ON LAST MONDAY OPENING EXACTLY TOLD IN LAST WEEK POST:- 4920 SUPPORT
4942.25 ON LAST MONDAY OPENING EXACTLY TOLD IN LAST WEEK POST:- 4920 SUPPORT
AND REACHED WELL MY POSITIONAL TARGET OF 5177 EASILY ON 3.12.09
NEXT REVERSAL DAY :- Tuesday,i.E.,8th Dec is likely to be next reversal day for thIS week
Either a high or low on this day and then can reverse the earlier trend.
NEXT Friday I.E., ON 11th Dec is likely to be the next reversal day.
Either a high or low on this day and then can reverse the earlier trend.
NEXT Friday I.E., ON 11th Dec is likely to be the next reversal day.
What happen on friday {RIGHT }and what will happen for today {LEFT} ,click on charts to know more
Friends,
I use to see that there is lots of discussion going on whether the market is overvalued or has got saturated or very less steam left to go up.
The reasons given and discussed are ,the EPS of Nifty and P/E of Nifty.Analyst and experts, some so called expert feels that at 17k we are at saturation point and there is no way market can go up and hence people are not ready to put money in the market.
One of my friend asked me whether what he thinks is correct?I asked what he thinks and he said that 80% of the stocks are saturated and I said what your mind say is correct.
I can't tell him what I feel and then after saying market has not got saturated I will have to justify my stand giving all world of reasons and that will take my lots of time and energy as well.Have I gone mad to give him answer that I don't feel so?
But what I do not understand is why experts feel that nifty is at 900 eps and hence 19 p/e is good enough to decide that market is saturated.
How many people plays in Nifty?How many investors invest in only Nifty listed stocks?There is big world over and above Nifty and people are not able to come out from it.Barring nifty and sensex there is a big big gr of stocks and they are still going cheap.They keeps in singing the tune of Nifty and sensex.
Moreover what they forget is market discounts future and not present and hence taking market call on present nifty earnings makes no sense.So can it be concurred that when sensex will touch 21k or nifty 61oo then market will return back and that will be the end ?
What needs to be seen is the retail participation.It is still not there.There are still scepticism lingering on them and unless that scepticism is not gone market will continue to go up.Unless the euphoria do not come market cannot correct heavily.
What needs to be seen is where are those 52 week highs which we saw in Jan 2008?Is the 52 week high page in ET becoming bigger?Then where is the madrush?
As I have said many times here, market may try to touch 21k this year or by early next year.Seems 19k is on cards this year.Let us see ....
But sure this is not the time to be sceptic.Buy where you see the value.
Stocks like Laffans Petro, India Glycols,Ennore Coke, PAE ,Patel Airtemp,Max India,KPIT Cummins , Surya Pharma, Jupiter Bio etc which I have been recomending here recently and since the start of year are looking good.There are some laggards as well but no one knows when they start running.
I have just read couple of days back that in next 3 years there will be an allocation of Rs 1,10,000 cr road project.Now that is HUGE.One has to just take clue from it.
Lots of work is still tobe done on Infrastructure front.We needs international standard PORTS,AIRPORTS,ROADS, HOUSINGS,COMMERCIALS , DAMS, POWER GENERATOR COS AND what not......karne ke liye bahut hai.....friends who has come back from a visit of China says that China is doing extremly good and we are even no match to China leave developed countries like USA, France, UK etc....
I use to see that there is lots of discussion going on whether the market is overvalued or has got saturated or very less steam left to go up.
The reasons given and discussed are ,the EPS of Nifty and P/E of Nifty.Analyst and experts, some so called expert feels that at 17k we are at saturation point and there is no way market can go up and hence people are not ready to put money in the market.
One of my friend asked me whether what he thinks is correct?I asked what he thinks and he said that 80% of the stocks are saturated and I said what your mind say is correct.
I can't tell him what I feel and then after saying market has not got saturated I will have to justify my stand giving all world of reasons and that will take my lots of time and energy as well.Have I gone mad to give him answer that I don't feel so?
But what I do not understand is why experts feel that nifty is at 900 eps and hence 19 p/e is good enough to decide that market is saturated.
How many people plays in Nifty?How many investors invest in only Nifty listed stocks?There is big world over and above Nifty and people are not able to come out from it.Barring nifty and sensex there is a big big gr of stocks and they are still going cheap.They keeps in singing the tune of Nifty and sensex.
Moreover what they forget is market discounts future and not present and hence taking market call on present nifty earnings makes no sense.So can it be concurred that when sensex will touch 21k or nifty 61oo then market will return back and that will be the end ?
What needs to be seen is the retail participation.It is still not there.There are still scepticism lingering on them and unless that scepticism is not gone market will continue to go up.Unless the euphoria do not come market cannot correct heavily.
What needs to be seen is where are those 52 week highs which we saw in Jan 2008?Is the 52 week high page in ET becoming bigger?Then where is the madrush?
As I have said many times here, market may try to touch 21k this year or by early next year.Seems 19k is on cards this year.Let us see ....
But sure this is not the time to be sceptic.Buy where you see the value.
Stocks like Laffans Petro, India Glycols,Ennore Coke, PAE ,Patel Airtemp,Max India,KPIT Cummins , Surya Pharma, Jupiter Bio etc which I have been recomending here recently and since the start of year are looking good.There are some laggards as well but no one knows when they start running.
I have just read couple of days back that in next 3 years there will be an allocation of Rs 1,10,000 cr road project.Now that is HUGE.One has to just take clue from it.
Lots of work is still tobe done on Infrastructure front.We needs international standard PORTS,AIRPORTS,ROADS, HOUSINGS,COMMERCIALS , DAMS, POWER GENERATOR COS AND what not......karne ke liye bahut hai.....friends who has come back from a visit of China says that China is doing extremly good and we are even no match to China leave developed countries like USA, France, UK etc....
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