India's Adani Group in crisis

[Romali_rotti]

<iframe width="560" height="315" src="https://www.youtube.com/embed/Af84fAQrH_0" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

Adani now down a $100 Billion, as usual Amit Sengupta nails it..

 

[Romali_rotti]

Chief example is my own father, a modi fan. This whole Adani saga is going to hit some of his pensions but he won't budge against being a bhakt. He was badly impacted by demonetisation (not that he had any black money) because the builders that he had booked a couple of flats with didn't have cash to finish the buildings after demonetisation. But nowt against Modi.

My guess is your father knows that giving the country to a child in diapers from Congress to run will be it's end.

As long as our Puppu, Ammayi Sonya and Robert Vadra is around, Modichayan will be untouchable.

I heard PM Modi does not plan to be the PM once he hits 75 years of age ? not sure how true this is..

 

[Ahmad-GERMANFC]

NRIs giving gyan to residents on situation in India.

You’re always taking credit for and celebrating success of overseas Indians but as soon as they have an opinion in india which goes against yours, you want their opinion to be dismissed

 

[Ahmad-GERMANFC]

<iframe width="560" height="315" src="https://www.youtube.com/embed/Af84fAQrH_0" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

Adani now down a $100 Billion, as usual Amit Sengupta nails it..

Wow I thought this was some genuine analysis and ended up wasting good 6-7 minutes watching this drivel. I feel bad for you if you actually take this guy seriously lol. (Atleast based on this video he’s a clown with no substance who tries to play on emotions)

Anyways I had one question. Do you think any random group can publish a report and bring a massive company down? So all it takes for me to bring down Apple empire is to have my company publish a scathing report accusing them of fraud?

 

[Romali_rotti]

Anyways I had one question. Do you think any random group can publish a report and bring a massive company down? So all it takes for me to bring down Apple empire is to have my company publish a scathing report accusing them of fraud?

You don't understand how politics work. This whole fiasco is based on India Russia OIL trade..

End of the day, Just think what you want and be content with it..

 

[happydavy]

indeed, you are right. The actual number is 0.975%, and my calculations were correct.

In this case, Adani the crook and Feku are getting what they deserve and this is indeed funny. More Schandenfraude for me.

How are your calculations correct, didn't you mention 10% of LIC AUM is in Adani stocks? Adani is a stock market operator has been known to the market for too long, that's why no MF invested in Adani stocks baring adani ports. This time he flew too close to the sun by getting in top 10 billionaires list and is paying for it, in India when you are doing something that's not kosher then it's best to stay under the radar. Nevertheless nothing of this justifies you scaring old people and that too your parents about their pension when that's no true.

 

[happydavy]

Wow I thought this was some genuine analysis and ended up wasting good 6-7 minutes watching this drivel. I feel bad for you if you actually take this guy seriously lol. (Atleast based on this video he’s a clown with no substance who tries to play on emotions)

Anyways I had one question. Do you think any random group can publish a report and bring a massive company down? So all it takes for me to bring down Apple empire is to have my company publish a scathing report accusing them of fraud?

Very relevant question and shows the ineptness of Adanis. Many people start by doing things that are not kosher but once they gain a certain scale, they legitimize their businesses. The so called 'fake it till you make it'. In case of Adani, legitimacy would mean having some quality investors on your cap table, building good international strategic partnerships and most importantly hire some damn good professionals who could run the businesses. In case of Adani, he has failed on all accounts and that's what should bother his friends. A small time research company comes up with a report and he couldn't find any defense and prevent stocks from falling down. And all based upon corporate governance allegations and not some real proof of any financial scam. What's the point of holding 95% shareholding if you couldn't avoid the fall when it was most needed. He doesn't have even a half decent cxo in any of his companies, no high quality international or domestic investor and baring total energy of France, no real partnerships. I am still confident that he generates enough ebitda that debt servicing won't be an issue but his growth story is pretty much over.

 

[pillionrider]

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Greatest respect for ace lawyer Cyril Shroff but his daughter is married to Gautam Adani’s son. Shroff serves on SEBI’s Committee on Corporate Governance & Insider Trading. If at all <a href="https://twitter.com/SEBI_India?ref_src=twsrc%5Etfw">@SEBI_India</a> is examining Adani issue, Shroff should recuse himself.<br>Perceptions are Reality.</p>— Mahua Moitra (@MahuaMoitra) <a href="https://twitter.com/MahuaMoitra/status/1621360951361671168?ref_src=twsrc%5Etfw">February 3, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[Ahmad-GERMANFC]

You don't understand how politics work. This whole fiasco is based on India Russia OIL trade..

End of the day, Just think what you want and be content with it..

Explain me how this works. How does Hindenburg report tie to russia oil trade?

 

[happydavy]

View attachment 118531
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Greatest respect for ace lawyer Cyril Shroff but his daughter is married to Gautam Adani’s son. Shroff serves on SEBI’s Committee on Corporate Governance & Insider Trading. If at all <a href="https://twitter.com/SEBI_India?ref_src=twsrc%5Etfw">@SEBI_India</a> is examining Adani issue, Shroff should recuse himself.<br>Perceptions are Reality.</p>— Mahua Moitra (@MahuaMoitra) <a href="https://twitter.com/MahuaMoitra/status/1621360951361671168?ref_src=twsrc%5Etfw">February 3, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Mahua is a little stupid, she doesn't know much nor the ones who quote her. The corporate governance committee had ceased to exist since 2017 after it submitted its report. The charter of the committee was to provide inputs to the SEBI on Insider Trading, the report was submitted in 2017, few of the recommendations were implemented, a few not like it happens with any committee report. There is no such committee existing so i wonder where should Cyril recuse himself from.

 

[pillionrider]

Mahua is a little stupid, she doesn't know much nor the ones who quote her. The corporate governance committee had ceased to exist since 2017 after it submitted its report. The charter of the committee was to provide inputs to the SEBI on Insider Trading, the report was submitted in 2017, few of the recommendations were implemented, a few not like it happens with any committee report. There is no such committee existing so i wonder where should Cyril recuse himself from.

In your haste to prove how clever you are you seem to have not read properly.

Read it again.

If at all @SEBI_India is examining Adani issue...

If at all..

This was in the context of the tepid response from SEBI I've posted above her tweet.

Oh this too
https://www.sebi.gov.in/sebiweb/about/AboutAction.do?doMember=yes&committeesId=43

Lucky number 13.

 

[Romali_rotti]

Explain me how this works. How does Hindenburg report tie to russia oil trade?

You will have to find out yourself, I am not here to teach you.

It's not that hard....

 

[Technics 1210]

Looks like the disciples of RSS have lost their savings. Good, this is the price you pay for supporting right wing terrorists.

Let it be a lesson.

 

[happydavy]

In your haste to prove how clever you are you seem to have not read properly.

Read it again.

If at all @SEBI_India is examining Adani issue...

If at all..

This was in the context of the tepid response from SEBI I've posted above her tweet.

Oh this too
https://www.sebi.gov.in/sebiweb/about/AboutAction.do?doMember=yes&committeesId=43

Lucky number 13.

By justifying that there is some merit in the tweet, you are proving yourself to be anything but clever. Even if one goes by your point that the operative part in the tweet is "if at all" then assume that happens and sebi investigates then from which exact committee Cyrus should recluse himself? The committee that ceased to exist post sep 2017! The Committee had twelve meetings over a period of four months with the first meeting held on June 14, 2017 and the last on September 29, 2017 after which the Committee submitted its report detailing several recommendations on October 05, 2017. The committee got dissolved after that. Now If AT ALL, you have a mind of your own and absorb your knowledge beyond tweets then stop justifying her stupidity.

 

[happydavy]

Looks like the disciples of RSS have lost their savings. Good, this is the price you pay for supporting right wing terrorists.

Let it be a lesson.

Yea you would think that adani was distributing bonus shares to RSS members that they are the ones who are loosing the money. Only the stupid folks who invested in an operated stock are the ones loosing money. And i don't know any half decent investor who invests based upon political ideology.

 

[Nikhil_cric]

)


You talk with such confidence about things you don't have a clue about. What is a Goundyar? Think you're mixing up Tamil Nadu and Karnataka and referring to Gowdas or Vokkaligas.

Handful? lol

Vokkaligas along with Lingayats are the biggest communities in the state.

And I'm neither. Dad's family are Kodavas from Coorg and mother's side are Shimoga brahmins who were settled in Hosur - just inside Tamil Nadu.



A lot of fun for my types.

Never thought I'd see a Coorgi on PP .

Anyway, even a cursory perusal of Adani group's Financials should raise a lot of red flags.

Clearly, being buddies with the PM and his lot goes a long way and crony capitalism is rife in this country.

 

[pillionrider]

By justifying that there is some merit in the tweet, you are proving yourself to be anything but clever. Even if one goes by your point that the operative part in the tweet is "if at all" then assume that happens and sebi investigates then from which exact committee Cyrus should recluse himself? The committee that ceased to exist post sep 2017! The Committee had twelve meetings over a period of four months with the first meeting held on June 14, 2017 and the last on September 29, 2017 after which the Committee submitted its report detailing several recommendations on October 05, 2017. The committee got dissolved after that. Now If AT ALL, you have a mind of your own and absorb your knowledge beyond tweets then stop justifying her stupidity.

lol You were online for a while and then ran away after I made my post. After some heavy research you're back

It's funny you talk about having a mind of your own when you just copypasted from

https://www.mondaq.com/india/corpor...ittee-recommendations-on-corporate-governance



The standard practice it appears is for such committees to be dissolved once they've submitted their report. Interesting though that they are still listed on the SEBI website like I posted. Which is where the "If at all..." comes. Now go away and try to find some investments that might actually earn you some money and stop trying to hide your Adani losses with your faux knowledge. And stick to doing that remote system admin thing that you do

 

[pillionrider]

Never thought I'd see a Coorgi on PP

It's easier therefore to lean towards atheism

 

[Ahmad-GERMANFC]

You will have to find out yourself, I am not here to teach you.

It's not that hard....

So you have no answer. Makes sense. Typical answer when people talk out of there backside

So you’re saying western interests needed a small short selling firm to come up with a report in order to be able to take revenge from india )

Also are you saying India = Adani?

 

[pillionrider]

So you have no answer. Makes sense. Typical answer when people talk out of there backside

So you’re saying western interests needed a small short selling firm to come up with a report in order to be able to take revenge from india )

Also are you saying India = Adani?

The video he's quoted at the top of this page - I didn't watch it, but the comments suggested the guy got his facts about shorting badly wrong. So much for an expert

 

[Romali_rotti]

So you have no answer. Makes sense. Typical answer when people talk out of there backside

So you’re saying western interests needed a small short selling firm to come up with a report in order to be able to take revenge from india )

Also are you saying India = Adani?

I am saying for you to do your research on your own.

Don't get but hurt because the video I posted didn't cater to your views. You got triggered by the video and now you having a cry after watching.. Don't let it get to you, it has nothing to do with you, remember your Pakistan is in a place of no return, worry about that instead.

End of the day, I cant be bothered explaining politics to you, even though you do need to be schooled on it.

Like I posted in my first reply to you, just think what you want and be happy with it .

 

[Ahmad-GERMANFC]

I am saying for you to do your research on your own.

Don't get but hurt because the video I posted didn't cater to your views. You got triggered by the video and now you having a cry after watching.. Don't let it get to you, it has nothing to do with you, remember your Pakistan is in a place of no return, worry about that instead.

End of the day, I cant be bothered explaining politics to you, even though you do need to be schooled on it.

Like I posted in my first reply to you, just think what you want and be happy with it .

The video you posted is legit one of the stupidest videos posted on this forum. The guy in the video doesn’t understand the basic concepts of shorting, let alone come up with any other theories:

Also the only one triggered here is you hence the essays. You wrote such a long post above. Surely explaining it would have taken less effort and words. But we all know why you didn’t explain. Because you have no explanation.

Don’t cry further now please.

 

[Romali_rotti]

The video you posted is legit one of the stupidest videos posted on this forum. The guy in the video doesn’t understand the basic concepts of shorting, let alone come up with any other theories:



Also the only one triggered here is you hence the essays. You wrote such a long post above. Surely explaining it would have taken less effort and words. But we all know why you didn’t explain. Because you have no explanation.

Don’t cry further now please.

I can't be bothered, I don't really care if you can't figure it out, like I said, think what you want and be content with it..

 

[happydavy]

lol You were online for a while and then ran away after I made my post. After some heavy research you're back

It's funny you talk about having a mind of your own when you just copypasted from

https://www.mondaq.com/india/corpor...ittee-recommendations-on-corporate-governance



The standard practice it appears is for such committees to be dissolved once they've submitted their report. Interesting though that they are still listed on the SEBI website like I posted. Which is where the "If at all..." comes. Now go away and try to find some investments that might actually earn you some money and stop trying to hide your Adani losses with your faux knowledge. And stick to doing that remote system admin thing that you do

Ran away? U know some of us are on this forum for what it stands for "sports and timepass", unfortunately rather fortunately most of have work to do and come on this forum whenever time allows. You on the other hand do seem to have a lot of time, which is good for you. If i pasted the dates of committee meeting from a credible website then what's wrong with that? Not all of us have your memory who remembers meeting dates of all sebi committees since inception. Again good for you. And posting link from sebi of a committee, which existed at some point means what exactly, is anyone denying that Cyril was a member of the committee? Simple point is mahua's tweet makes no sense, it's lack of knowledge in her case but lack of common sense in your case that even after being corrected you are coming up with first theory on semantics 'if at all' then saying sebi has a link, while at the same time agreeing that committee has been dissolved and finally having an issue with me posting about committee meeting dates from a credible website used by most finance and tax people in India and outside.

 

[oatmeal]

Wow I thought this was some genuine analysis and ended up wasting good 6-7 minutes watching this drivel. I feel bad for you if you actually take this guy seriously lol. (Atleast based on this video he’s a clown with no substance who tries to play on emotions)

Anyways I had one question. Do you think any random group can publish a report and bring a massive company down? So all it takes for me to bring down Apple empire is to have my company publish a scathing report accusing them of fraud?

It's not just any random group though. They have a track record of going after companies which they think are overvalued and have a very good hit rate. Short sellers are acting in narrow self interest but they play an important role in the market. During bubbles a lot of dumb money chases stocks whose prices get disconnected from fundamentals.

Short sellers propose to align capital where it provides the most ROI which is the function of the stock market. Unlike buying, short selling has an unlimited ceiling of loss. Bill Ackman took a bet against Herbalife and lost a billion dollars on it. Even though the business is fundamentally a MLM

 

[oatmeal]

My guess is your father knows that giving the country to a child in diapers from Congress to run will be it's end.

As long as our Puppu, Ammayi Sonya and Robert Vadra is around, Modichayan will be untouchable.

I heard PM Modi does not plan to be the PM once he hits 75 years of age ? not sure how true this is..

In 2008 when Dems came to power, they were talking about permanent majority. Before 2004 during India Shining days. BJP was going to rule for multiple terms. In 2010, Congress seemed invincible.

Have seen many such obituaries and predictions fall flat to not take them seriously anymore. It doesnt take too long for the political tides to change and often the leaders who seem the most invincible , fall the quickest

 

[Romali_rotti]

In 2008 when Dems came to power, they were talking about permanent majority. Before 2004 during India Shining days. BJP was going to rule for multiple terms. In 2010, Congress seemed invincible.

Have seen many such obituaries and predictions fall flat to not take them seriously anymore. It doesnt take too long for the political tides to change and often the leaders who seem the most invincible , fall the quickest

The current situation in India is not good, BJP has zero opposition, It is dangerous, I have said it numerous times. One thing I feel confident about is that as long as the Puppu and Ammayi Sonya are in charge of Congress, BJP will have a free run.

 

[Ahmad-GERMANFC]

I can't be bothered, I don't really care if you can't figure it out, like I said, think what you want and be content with it..

Keep crying lol. You just ran away from the argument after losing it. Next time think before posting otherwise you’ll get humiliated again

 

[Ahmad-GERMANFC]

It's not just any random group though. They have a track record of going after companies which they think are overvalued and have a very good hit rate. Short sellers are acting in narrow self interest but they play an important role in the market. During bubbles a lot of dumb money chases stocks whose prices get disconnected from fundamentals.

Short sellers propose to align capital where it provides the most ROI which is the function of the stock market. Unlike buying, short selling has an unlimited ceiling of loss. Bill Ackman took a bet against Herbalife and lost a billion dollars on it. Even though the business is fundamentally a MLM

Yep I know all this. That’s why i asked if he thinks any random group can bring down a company. Hindenburg is not a random group.

 

[Firebat]

If arguments are not being progressed then posts are deleted. Waste of everyone's time to have dozens of consecutive posts gloating that the other has been exposed or humiliated or triggered. Move on.

 

[pillionrider]

Ran away? U know some of us are on this forum for what it stands for "sports and timepass", unfortunately rather fortunately most of have work to do and come on this forum whenever time allows. You on the other hand do seem to have a lot of time, which is good for you. If i pasted the dates of committee meeting from a credible website then what's wrong with that? Not all of us have your memory who remembers meeting dates of all sebi committees since inception. Again good for you. And posting link from sebi of a committee, which existed at some point means what exactly, is anyone denying that Cyril was a member of the committee? Simple point is mahua's tweet makes no sense, it's lack of knowledge in her case but lack of common sense in your case that even after being corrected you are coming up with first theory on semantics 'if at all' then saying sebi has a link, while at the same time agreeing that committee has been dissolved and finally having an issue with me posting about committee meeting dates from a credible website used by most finance and tax people in India and outside.

The common practice is to dissolve it. There's nothing to suggest it has been dissolved, especially considering the SEBI website still carries information on the committee, without any mention of a date of formation or dissolution. Which is why Mahua said, "If at all..." preempting the same committee coming alive again.

at pasting dates. You copied entire sentences.

The current situation in India is not good, BJP has zero opposition, It is dangerous, I have said it numerous times. One thing I feel confident about is that as long as the Puppu and Ammayi Sonya are in charge of Congress, BJP will have a free run.

On the one hand you pretend to be concerned that there's no opposition. Then you go ahead and reveal your joy that this means BJP will continue to win.

This is a common tactic by bhakts and the IT cell. They keep repeating this "no opposition" trope. It's a way of brainwashing and soft-intimidating the masses into believing there are no options.

If there is no opposition, why have the IT cell spent so much trying to target Rahul Gandhi. If he is a pappu, why go after him so much. Why not Mamata Bannerjee or Kejriwal or the Southern parties who have slapped the hell out of the BJP in their states?

Why did ironman Modi run with his tail behind his legs when it came to citizenship and the farm laws )

No opposition it seems.

 

[oatmeal]

The current situation in India is not good, BJP has zero opposition, It is dangerous, I have said it numerous times. One thing I feel confident about is that as long as the Puppu and Ammayi Sonya are in charge of Congress, BJP will have a free run.

BJP has plenty of opposition at the state level. Except a few Hindi belt states, they can lose every other state based on anti incumbency cycle and how the opposition vote fragments.

Nationally they seem poised to win 2024, but the election is far out. Lot of changes can happen.

 

[Romali_rotti]

BJP has plenty of opposition at the state level. Except a few Hindi belt states, they can lose every other state based on anti incumbency cycle and how the opposition vote fragments.

Nationally they seem poised to win 2024, but the election is far out. Lot of changes can happen.

Watch them win the 2024 election again without much troubles.. Till they get beat, so far it is all fluff, no substance...

Previous elections I heard similar rumblings too, there was one clown minister from Congress I recall saying in TOI article, to be ready for a huge surprise, despite the early vote count indicating it was going to be a comfortable BJP victory.

 

[Cover Drive Six]

]Mahua is a little stupid, she doesn't know much nor the ones who quote her.[/B] The corporate governance committee had ceased to exist since 2017 after it submitted its report. The charter of the committee was to provide inputs to the SEBI on Insider Trading, the report was submitted in 2017, few of the recommendations were implemented, a few not like it happens with any committee report. There is no such committee existing so i wonder where should Cyril recuse himself from.

Z


She graduated in Economics from US collage and her fans here


<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Total exposure of SBI in Adani group is less than 1% which is fully backed by collaterals. The debt are timely serviced. <br><br>Wonder where <a href="https://twitter.com/MahuaMoitra?ref_src=twsrc%5Etfw">@mahuamoitra</a> is getting this 27% figure and why she is hell bound to create panic with her lies ?<br><br>This is nothing short of economic terrorism <a href="https://t.co/Snasj8FCpm">pic.twitter.com/Snasj8FCpm</a></p>— Rishi Bagree (@rishibagree) <a href="https://twitter.com/rishibagree/status/1621716953529458689?ref_src=twsrc%5Etfw">February 4, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[Technics 1210]

Adani sell-off continues amid protests by India’s opposition

Legislators of India’s main opposition party have kicked off protests at some state-run companies over the crisis at Adani Group, whose seven listed firms saw another sell-off that drove their market loss to $112bn in less than two weeks.

Members of the Congress party on Monday protested outside several offices of state-owned insurer Life Insurance Corporation (LIC) and the State Bank of India (SBI), both of which have exposure to Adani Group companies.

https://www.aljazeera.com/news/2023/2/6/adani-sell-off-continues-amid-protests-by-indias-opposition

 

[Technics 1210]

The video he's quoted at the top of this page - I didn't watch it, but the comments suggested the guy got his facts about shorting badly wrong. So much for an expert

One of the most ignorant and embarrassing videos I have ever seen. Blates this is a video made in someone's bedroom tucked up in Kerala.

Sadly it is the type of video that is used as propaganda within India to convince them that the world is against them, but the video will not impress outside of India, only for the giggles though, which is why the majority of India just fail to understand what is going on.

Indian stock markets are the #1 place for pump and dump scams.

 

[pillionrider]

One of the most ignorant and embarrassing videos I have ever seen. Blates this is a video made in someone's bedroom tucked up in Kerala.

The person who quoted it used to carry a fake quote by Einstein about the Gita as his proud signature for the longest time. I pointed this out to him but his ego prevented him from changing it for a few weeks. Eventually succumbed. So fake news is nothing new to them.

 

[Colorblind Genius]

Z


She graduated in Economics from US collage and her fans here


<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Total exposure of SBI in Adani group is less than 1% which is fully backed by collaterals. The debt are timely serviced. <br><br>Wonder where <a href="https://twitter.com/MahuaMoitra?ref_src=twsrc%5Etfw">@mahuamoitra</a> is getting this 27% figure and why she is hell bound to create panic with her lies ?<br><br>This is nothing short of economic terrorism <a href="https://t.co/Snasj8FCpm">pic.twitter.com/Snasj8FCpm</a></p>— Rishi Bagree (@rishibagree) <a href="https://twitter.com/rishibagree/status/1621716953529458689?ref_src=twsrc%5Etfw">February 4, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

ROFL at “hell bound” when he addresses her.

 

[Colorblind Genius]

You don't understand how politics work. This whole fiasco is based on India Russia OIL trade..

End of the day, Just think what you want and be content with it..

So Hindenburg was jealous that Indian govt was getting cheap oil from Russia, and hence they exposed the truth about Adani group?

 

[happydavy]

Z


She graduated in Economics from US collage and her fans here


<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Total exposure of SBI in Adani group is less than 1% which is fully backed by collaterals. The debt are timely serviced. <br><br>Wonder where <a href="https://twitter.com/MahuaMoitra?ref_src=twsrc%5Etfw">@mahuamoitra</a> is getting this 27% figure and why she is hell bound to create panic with her lies ?<br><br>This is nothing short of economic terrorism <a href="https://t.co/Snasj8FCpm">pic.twitter.com/Snasj8FCpm</a></p>— Rishi Bagree (@rishibagree) <a href="https://twitter.com/rishibagree/status/1621716953529458689?ref_src=twsrc%5Etfw">February 4, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Show it to the pillion chap, who thinks Mahua walks on moon. Unfortunately, in the social media age, for many like him, their entire knowledge can be written on a grain of rice.

 

[Local.Dada]

Show it to the pillion chap, who thinks Mahua walks on moon. Unfortunately, in the social media age, for many like him, their entire knowledge can be written on a grain of rice.

It’s not about intelligence level, their hate for Modi is so much that they latch on to anyone or anything that suits their narrative. Emotional iq is more important than intelligence. That’s what is lacking here.

 

[MenInG]

Adani Group on Monday said that the promoters will pre-pay $1,114 million for the release of pledged shares of its firms ahead of the maturity in September 2024. These shares belong to Adani Ports & Special Economic Zones, Adani Green Energy and Adani Transmission, a statement said.

"This is in continuation of promoters' assurance to pre-pay all share-backed financing," it said.

This statement assumes significance in view of the allegations of fraud and stock manipulation by a short-seller against the Adani Group, which led to a steep fall in the share prices of group firms.

"In light of the recent market volatility and in continuation of promoters commitment to reduce the overall promoter leverage backed by Adani listed companies shares, we are pleased to inform that promoters have posted the amounts to pre-pay USD 1,114 million ahead of its maturity of September 2024", the statement said.

On pre-payment, 168.27 million shares of Adani Ports & Special Economic Zones representing 12 per cent of the promoter's holding will be released.

NDTV

 

[Ahmad-GERMANFC]

The person who quoted it used to carry a fake quote by Einstein about the Gita as his proud signature for the longest time. I pointed this out to him but his ego prevented him from changing it for a few weeks. Eventually succumbed. So fake news is nothing new to them.

Lol didn’t know this. There was also another time where he said how some Iran port india was investing in is a game changer. then few years later india was pulling out of it and then he was like I was always against it and ‘thank you modi ji’. but then his old posts were bumped and he was embarrassed lolz. He apologized that time though for what it’s worth

 

[Romali_rotti]

It’s not about intelligence level, .

To be fair our puppu supporter pillioner said in the past that his never to be PM Raul reminded him of Imran Khan .

 

[Romali_rotti]

Lol didn’t know this. There was also another time where he said how some Iran port india was investing in is a game changer. then few years later india was pulling out of it and then he was like I was always against it and ‘thank you modi ji’. but then his old posts were bumped and he was embarrassed lolz. He apologized that time though for what it’s worth

Wait what ? I said the Iranian port was a game changer initially ? Can you show where I said that ? I might have said that something along the lines of things were looking good between Iran and India at the time.

Later on I was against it as things soured between the 2 countries, however yes I did acknowledge the mistake I made of initially supporting it as I had forgotten about it years later.

Were you the same guy that bumped that thread a while back now under the current user name ?

 

[Romali_rotti]

I pointed this out to him but his ego prevented him from changing it for a few weeks. Eventually succumbed. So fake news is nothing new to them.

So you saying I changed the quote after your post. Alright prove it, i am sure there are posts in your history here which shows you pointing it out and asking me to change it. I recall changing it because Eagles won the superbowl and also because the reference wasn't accurate.

 

[Ahmad-GERMANFC]

Wait what ? I said the Iranian port was a game changer initially ? Can you show where I said that ? I might have said that something along the lines of things were looking good between Iran and India at the time.

Later on I was against it as things soured between the 2 countries, however yes I did acknowledge the mistake I made of initially supporting it as I had forgotten about it years later.

Were you the same guy that bumped that thread a while back now under the current user name ?

See below. Yea I bumped it once for Napa (for a different thing) it seems but remembered reading your posts of the past and laughing.

Anyways point is not to embarrass you. It’s that you should accept you can be wrong and in relation to this video you shared it’s wrong and the speaker doesn’t seem to know basics about the stock market:

I cannot believe I made that post,, Takes full slap on the face, Slog Owned me hands down.... My Opinion on Chabhahar has changed since then I made that delusional post... My concerns have been ever since Iran started showing its bipolar behaviour of voicing support for the Kashmiris out of the blue, which does not bond well for Indian interest...


Kudoss...

^ Ufff romali_rotti alliya, you have dug yourself into a hole now hehe.

Athu Kozhappam illa Machu .. He got me good, I am more than happy to accept when I made a mistake...

Maybe time to change your dp to a self-portrait?

 

[Romali_rotti]

Lol didn’t know this. There was also another time where he said how some Iran port india was investing in is a game changer. then few years later india was pulling out of it and then he was like I was always against it and ‘thank you modi ji’. but then his old posts were bumped and he was embarrassed lolz. He apologized that time though for what it’s worth

See below. Yea I bumped it once for Napa (for a different thing) it seems but remembered reading your posts of the past and laughing.

Anyways point is not to embarrass you. It’s that you should accept you can be wrong and in relation to this video you shared it’s wrong and the speaker doesn’t seem to know basics about the stock market:

Ohh right, for a minute I thought you were Slog, I was going to talk NFL for a moment there lol.

The video does make valid points, to say it is complete rubbish is not correct.

This is a calculated attack imo.

Adani is very close to PM Modi, I hear Adani is also a Gujarati. Indian FM Jaishankar has been calling out the western leaders in international forums, that along with Indians buying cheap Russian oil despite pressure from the west is the reason for this fiasco.

BBC documentary on PM Modi airs out of the blue,

Adani who is very close to PM Modi gets attacked by a US base firm Hinde burg almost out of the blue,

You have Khalistanis in Melbourne going nuts out of the blue, which as far as I know has never happened here. All events happening around the same time, it's quite obvious to me what's happening here.

This is a small warning to the Indians to come in line by West or expect turbulence....

If you don't agree with it that is fine but I don't feel I am wrong here, if I truly felt I was wrong I have no hesitation in acknowledging it, I have done that a few times here in the past.

Lastly I don't believe I said the Iran/India was a game changer from memory but yes I did think when it was happening that it would be of benefit.

 

[Ahmad-GERMANFC]

Ohh right, for a minute I thought you were Slog, I was going to talk NFL for a moment there lol.

The video does make valid points, to say it is complete rubbish is not correct.

This is a calculated attack imo.

Adani is very close to PM Modi, I hear Adani is also a Gujarati. Indian FM Jaishankar has been calling out the western leaders in international forums, that along with Indians buying cheap Russian oil despite pressure from the west is the reason for this fiasco.

BBC documentary on PM Modi airs out of the blue,

Adani who is very close to PM Modi gets attacked by a US base firm Hinde burg almost out of the blue,

You have Khalistanis in Melbourne going nuts out of the blue, which as far as I know has never happened here. All events happening around the same time, it's quite obvious to me what's happening here.

This is a small warning to the Indians to come in line by West or expect turbulence....

If you don't agree with it that is fine but I don't feel I am wrong here, if I truly felt I was wrong I have no hesitation in acknowledging it, I have done that a few times here in the past.

Lastly I don't believe I said the Iran/India was a game changer from memory but yes I did think when it was happening that it would be of benefit.

Ok. I think even if there is an overall conspiracy going around; bbc, Khalistan etc may be part of it but this firm I don’t it. But we can agree to disagree

 

[Romali_rotti]

But we can agree to disagree

Ok fair enuff..

 

[pillionrider]

So you saying I changed the quote after your post. Alright prove it, i am sure there are posts in your history here which shows you pointing it out and asking me to change it. I recall changing it because Eagles won the superbowl and also because the reference wasn't accurate.

Always happy to oblige. Here you go...

Yes.

Btw, that quote on the Gita is a fake. He never said such a thing.

We don't need to make up things to enhance things that are already great.

 

[pillionrider]

And this was your response to it

You think its fake but I dont, so it stays ...

 

[Romali_rotti]

And this was your response to it

Ok, you win.

Yes, you did prompt me and at the time I didn't feel what you were suggesting was accurate.

I only changed it once I was convinced.. Credit where it is due, you pointed it out first.

 

[Ahmad-GERMANFC]

Damage control mode. repaying the share backed loans. Market reacting positively. But question in long term is where will the liquidity come for all the capital expenditures and development projects planned

 

[Cover Drive Six]

"Fitch Ratings believes that Indian banks' exposure to the Adani group is insufficient in itself to present a substantial risk to the banks' standalone credit profiles," the rating agency said in a note.

Fitch on February 3 stated that the controversy over the short-seller report had no immediate impact on the ratings of Fitch-rated Adani entities and their securities.

"Even under a hypothetical scenario where the wider Adani group enters distress, exposure for Indian banks should, in itself, be manageable without adverse consequences on the banks' viability ratings," Fitch said.

https://news.rediff.com/commentary/2023/feb/07/banks-exposure-to-adani-group-insufficient-fitch/1091ce362bdb3d983167b873d345b0d8

 

[JaDed]

Hindenburg still needs to let everyone know how are they shorting it though, how did they manage to take a short position, I don’t think there is any comment on that yet.

 

[Ahmad-GERMANFC]

Hindenburg still needs to let everyone know how are they shorting it though, how did they manage to take a short position, I don’t think there is any comment on that yet.

They likely got credit default swaps for hindenburg’s us traded bonds

 

[cricketjoshila]

Hindenburg still needs to let everyone know how are they shorting it though, how did they manage to take a short position, I don’t think there is any comment on that yet.

Can you tell why Hindenburg was banned by FINRA? Is it true?

Can Hindenburg produce a report on stocks listed on NYSE?

 

[Ahmad-GERMANFC]

Can you tell why Hindenburg was banned by FINRA? Is it true?

Can Hindenburg produce a report on stocks listed on NYSE?

1) don’t think they are banned on finra

2) yep. It did for nikola which is nasdaq

 

[JaDed]

Can you tell why Hindenburg was banned by FINRA? Is it true?

Where did you see that?

 

[JaDed]

They likely got credit default swaps for hindenburg’s us traded bonds

Which means they won’t make money untill Adani defaults unless they sell it before maturity ?

 

[Ahmad-GERMANFC]

Which means they won’t make money untill Adani defaults unless they sell it before maturity ?

Yea. Right now the markets are showing 20% chance of default.

Tbh now that I think more about it, it’s a massive bet to make where payoff is only a default. Their thesis has already been proved so I would think they may have used some other instruments too.. not sure what though. I read another fund saying that they had same conclusion about the Adani group but did not know how to go about shorting it.

 

[Buffet]

Which means they won’t make money untill Adani defaults unless they sell it before maturity ?

If there is market for CDS, then they can book a gain by liquidating the previously bought CDS.

 

[happydavy]

Damage control mode. repaying the share backed loans. Market reacting positively. But question in long term is where will the liquidity come for all the capital expenditures and development projects planned

Only and only by getting strategic co-investors. Adani's dream of growing big only with debt and without diluting any equity isn't possible anymore. Even if he operates the stock like before, there won't be lenders to give him enough debt (against his pledged shares), which he can use to fund projects. He will have to sell stake to strategics in different businesses, like he did by bringing in Totalenergy as co-promoter for renewable businesses. He will have to do it likewise for airports and transmission businesses by bringing in Ambani or Sajjan Jindal or some business group like those. Basically, he got to loose control of his businesses to a certain degree, and that would be the right thing to do as well.

 

[cricketjoshila]

Where did you see that?

They are under investigation by DoJ for illegal practices. It is not clear if FINRA banned them. But some verified tweets say they cannot produce reports on NYSE listed companies anymore.

The investigation started in 2021.

 

[cricketjoshila]

Only and only by getting strategic co-investors. Adani's dream of growing big only with debt and without diluting any equity isn't possible anymore. Even if he operates the stock like before, there won't be lenders to give him enough debt (against his pledged shares), which he can use to fund projects. He will have to sell stake to strategics in different businesses, like he did by bringing in Totalenergy as co-promoter for renewable businesses. He will have to do it likewise for airports and transmission businesses by bringing in Ambani or Sajjan Jindal or some business group like those. Basically, he got to loose control of his businesses to a certain degree, and that would be the right thing to do as well.

There are Sovereign wealth funds willing to buy stake in Adani group. The promoter holdings in all Adani firms are more than 60 per cent. Except Ambuja and ACC.

So a bit of dilution is indeed needed.

I still believe that in long term Indian banks will continue to fund him.

Just read Total's view on their Adani firm.

 

[cricketjoshila]

Which means they won’t make money untill Adani defaults unless they sell it before maturity ?

Several funds bought Adani bonds close to $1bn shortly before the Hindenburg report.

 

[JaDed]

Yea. Right now the markets are showing 20% chance of default.

Tbh now that I think more about it, it’s a massive bet to make where payoff is only a default. Their thesis has already been proved so I would think they may have used some other instruments too.. not sure what though. I read another fund saying that they had same conclusion about the Adani group but did not know how to go about shorting it.

If there is market for CDS, then they can book a gain by liquidating the previously bought CDS.

Thanks! Should be interesting to know how they do make profit.

 

[JaDed]

Several funds bought Adani bonds close to $1bn shortly before the Hindenburg report.

France’s total has put their partnership on hold.

https://www.ft.com/content/10c093db-27bd-4fa4-857f-b624d98c359e

until audit

 

[JaDed]

They are under investigation by DoJ for illegal practices. It is not clear if FINRA banned them. But some verified tweets say they cannot produce reports on NYSE listed companies anymore.

The investigation started in 2021.

There is a lot of hate from them.. because many investors lose money on shady companies, so verified tweets mean nothing unless there is an article or source.

 

[MenInG]

Prime Minister Narendra Modi said on Wednesday that Indians will not swallow “lies and abuse” against him, as opposition critics accuse his government of giving undue favours to a business group led by billionaire tycoon Gautam Adani.

Modi spent a nearly 90-minute speech to parliament mainly listing his government’s achievements and without naming the under-fire Adani Group.

However, opposition lawmakers who are demanding an investigation into the business group interrupted him several times shouting slogans.

US short seller Hindenburg Research last month accused the Adani ports-to-energy conglomerate of stock manipulation and improper use of tax havens, while also saying it had unsustainable debt.

The group denies the claims and has threatened action against Hindenburg.

“The blessings of 1.4 billion people in the country is my protective cover and you can’t destroy it with lies and abuses,” said Modi as opposition lawmakers chanted “Adani, Adani”.

“The trust that people have put in Modi is beyond the understanding of these people,” he added in his first public comments alluding to the accusations over Adani.

The government and the business group both deny over-close ties. During the session, lawmakers of the ruling Bharatiya Janata Party also chanted Modi’s name in support.

Reuters

 

[Cover Drive Six]

Adani Green Q3 Results: Profit more than doubles YoY to Rs 103 crore; revenue jumps 53%

Adani Green Energy NSE -5.0 %'s consolidated net profit more than doubled to Rs 103 crore for the December quarter, rising 110%, compared with Rs 49 crore in the last year period.

Total income for the quarter jumped 53% to Rs 2,258 crore in the third quarter as against Rs 1,471 crore in the corresponding quarter of last year.

Segment-wise, revenue from power supply increased 29% to Rs 1,260 crore against Rs 973 crore in the same ..
Adani Green has also signed PPAs for 450 MW wind and 50 MW solar projects with SECI in the third quarter of the current fiscal and Jan 2023 respectively, further strengthening the pipeline.

The Solar portfolio capacity utilisation factor (CUF) stood at 24%, as of December, with a 140 basis improvement over the previous year. Meanwhile, wind portfolio CUF stood at 27.1% with a 610 basis points reduction, compared with the previous year primarily due to a one-off disruption in transmission for a 150 MW plant in Gujarat. The plant is now fully restored.

The sale of energy increases by 59% YoY at 10,235 mn units.
The Solar portfolio capacity utilisation factor (CUF) stood at 24%, as of December, with a 140 basis improvement over the previous year. Meanwhile, wind portfolio CUF stood at 27.1% with a 610 basis points reduction, compared with the previous year primarily due to a one-off disruption in transmission for a 150 MW plant in Gujarat. The plant is now fully restored.

"The newly commissioned solar-wind hybrid plants of 1,440 MW deploy latest technologies such as bifacial PV modules and horizontal single-axis tracking (HSAT) technology to capture maximum energy from the sun as well as technologically advanced wind turbine generators leading to a high hybrid CUF," the company said.

https://economictimes.indiatimes.com/markets/stocks/earnings/adani-green-q3-results-profit-more-than-doubles-yoy-to-rs-103-crore-revenue-jumps-53/articleshow/97695597.cms

 

[Cover Drive Six]

U-turn! Adani group stocks rally up to 20% to hit upper circuits. Here's why

NEW DELHI: After getting hammered for eight trading sessions following the release of a negative report by Hindenburg Research, Adani Group stocks today staged a smart recovery with Adani Enterprises NSE 20.04 % hitting its 20% upper circuit limit.

Out of 10 Adani stocks listed on exchanges, only two of them were trading lower. Adani Ports was up over 9% to Rs 597.

Shares of Adani Transmission, which reported a 73% year-on-year (YoY) increase in its consolidated profit after tax to Rs 478.15 crore in the December quarter, was locked in the 5% upper circuit band at Rs 1,324.45.

Shares of NDTV NSE 4.98 %, which have been hitting lower circuits for the past few sessions, took a U-turn and hit the 5% upper circuit at Rs 225.35. Similarly, Adani Wilmar also hit 5% upper circuit.

Adani Total Gas NSE -5.0 % and Adani Power NSE 4.99 % were the only two stocks from Gautam Adani's empire that were trading in the red zone.

Adani Total Gas NSE -5.0 % and Adani Power NSE 4.99 % were the only two stocks from Gautam Adani's empire that were trading in the red zone.

Today's recovery came after Adani Group promoters have prepaid $1.1 billion loans ahead of its maturity of Sep 2024 in three key companies — Adani Green Energy NSE -5.0 %, Adani Ports, and Adani Transmission.

"This is in continuation of promoters’ assurance to prepay all share backed financing," Adani had said.


https://economictimes.indiatimes.com/markets/stocks/news/adani-stocks-recover-as-promoters-prepay-1-11-billion-loan/articleshow/97676240.cms

 

[cricketjoshila]

There is a lot of hate from them.. because many investors lose money on shady companies, so verified tweets mean nothing unless there is an article or source.

Various articles on them being investigated by DoJ.

 

[Ahmad-GERMANFC]

France’s total has put their partnership on hold.

https://www.ft.com/content/10c093db-27bd-4fa4-857f-b624d98c359e

until audit

Not sure how true this is but FT is solid source normally. If the below is true and it actually came to a margin call then it’s actually real bad optics

https://www.ft.com/content/b5ad1852-dd09-4b38-8d74-c2a99462395f

 

[JaDed]

Various articles on them being investigated by DoJ.

Again.. you went from saying banned by Finra to this.. unless you are really have a source for us to read you are just trying multiple thing to see what sticks.

Investigation has been on many and not only them.. and nothing yet.

 

[Ahmad-GERMANFC]

Again.. you went from saying banned by Finra to this.. unless you are really have a source for us to read you are just trying multiple thing to see what sticks.

Investigation has been on many and not only them.. and nothing yet.

I’ve not been able to find anything.

Also investigation means nothing unless some ruling. The big banks are under perennial investigation for one thing or Another. Only time it hurts them is when some fine is announced which happened once in a blue moon whereas investigations are happening all the time

 

[JaDed]

I’ve not been able to find anything.

Also investigation means nothing unless some ruling. The big banks are under perennial investigation for one thing or Another. Only time it hurts them is when some fine is announced which happened once in a blue moon whereas investigations are happening all the time

If you ever use stocktwits you will notice the hate for Hindenburg for all stocks they short and the people post random request for more information from DOJ as some under investigation.

I cannot understand why BJP fans are doing this, India overall has a very good Investment base.

 

[JaDed]

BJP fans need to calm down a little , if there is a scandal nothing is wrong in asking for accountability, no one is saying the foundations are shaky, but transparency helps everyone in long run also helps foreign investments have more confidence.

So let Adani open their books for investors and it helps everyone in the long run.

 

[RexRex]

Joe Rogan discussing Adani's stock manipulation scheme

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">The Adani Scam makes its way to Joe Rohan’s podcast. The world’s biggest corporate scam was discussed in the world’s most listened to podcast. Check out this fantastic explainer by <a href="https://twitter.com/krystalball?ref_src=twsrc%5Etfw">@krystalball</a> <a href="https://twitter.com/esaagar?ref_src=twsrc%5Etfw">@esaagar</a> on <a href="https://twitter.com/HindenbergRes?ref_src=twsrc%5Etfw">@HindenbergRes</a> report and its aftermath <a href="https://twitter.com/joerogan?ref_src=twsrc%5Etfw">@joerogan</a> <a href="https://t.co/VuqKAX7MXT">pic.twitter.com/VuqKAX7MXT</a></p>— Akshay Marathe (@AkshayMarathe) <a href="https://twitter.com/AkshayMarathe/status/1622818675794354176?ref_src=twsrc%5Etfw">February 7, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>