Wednesday, September 17, 2008

WINNING STROKES: THINK DIFFERENT:
The US Government announced $85 billion loan to save AIG.... With so much positive news flowing, Bears will now be butchered in the Indian Markets. Yesterday in the Yahoo Group, SumanSpeaks, I talked of a Pre-Durga Pooja rally starting soon.....
What is the latest rumour on Ennore Coke Ltd??!! Why is ASM Technologies Ltd (BSE Code-->526433) called mini-Infosys??!! What is the latest on this hidden jewel..??!!!
Why are BGR Energy Ltd and Sunil High Tech Engineers Ltd called multi-baggers if one purchases them at the CMPs of Rs.279 & Rs.165??!!!
What is the latest on Reliance Industrial Infrastructure Ltd??!!!
Will Infosys Technologies Ltd get more orders from Bank of America??!!
Premier Explosives Ltd is looking very attractive at the CMP of Rs.30.5 after Indian Rupee Started to Depreciate. The company has two overseas subsidiaries in Georgia and Turkey and hence would be benefited immensely by the Rupee Depreciation.
Earlier Premier Explosives Ltd informed BSE that the Company formed a Joint Venture with M/s. VXL Technologies Ltd, Faridabad, called 'VTL Premier Pyrotechnics Ltd' for manufacture of pyrotechnic devices, fuzes etc., used for defence.
The Company was awarded "Defence Technology Absorption Award 2007" by Dr. Manmohan Singh, Honourable Prime Minister of India on May 12, 2008 which included a cash prize of Rs 10.00 lakhs.
Premier Explosives Ltd is showing continuous improvement in performance in the successive quarters, since a long time.The company recommended a dividend of 15% on the Equity Share Capital for the year ended March 31, 2008 on the amount paid up. The Company also came up with excellent set of numbers for the June, 2008 quarter when the Profit after tax (PAT) jumped to Rs.64.8 lakhs against a LOSS of Rs.76.3 lakhs in the Q1FY08.
Moreover, Premier Explosives Ltd is also setting up for backward integration, a Company by the name of "Premier Wire Products Ltd" with 60% equity as an ancillary Unit. The products manufactured by the Company will be used as raw materials in production of detonators. WITH SUCH MASSIVE DEVELOPMENTS TAKING PLACE IN ALL FRONTS DO U THINK Rs.30.5 is the fair price of the scrip of Premier Explosives Ltd.....???
The stocks in the Banking, Construction/Real Estate/Engineering, Oil Marketing Companies and Pharma Sectors (not all, like Ranbaxy Ltd could tank going forward) are expected to rise up in the days to come..........
Yesterday in the late hours the Paid Members were asked to buy stocks of select sectors...All these and more inputs to the Paid Group in the Morning Report.....
WASHINGTON – The U.S. government has agreed to provide an $85 billion emergency loan to rescue the huge insurer AIG, the The Federal Reserve said Tuesday.
The Fed said the U.S. Treasury Department was in full support of the decision.
The Fed determined that a "disorderly failure" of AIG could undermine already fragile financial markets.
The government will receive an 79.9 percent equity stake in AIG, the Fed said
Barclays to buy some Lehman assets: source
LONDON (Reuters) – Barclays Plc (BARC.L) agreed to buy bankrupt Lehman Brothers Holdings Inc's (LEH.P) main investment banking assets for about $2 billion, a source familiar with the situation said on Tuesday.
The deal, which is expected to be announced later on Tuesday or early Wednesday, would unite two big debt trading houses and could stanch the flow of customers fleeing Lehman in the wake of the largest bankruptcy in history.
The deal would include Lehman's core U.S. broker-dealer business, including equity, fixed income, M&A advisory and other assets, the source said.
Barclays won't be buying any of Lehman's real estate, real-estate-backed securities, derivatives positions or over-the-counter trades, The Wall Street Journal reported.
As many as 9,000 Lehman employees would find jobs with the UK bank, the newspaper reported on its website.
The deal will also not include Lehman's investment management division, which includes fund manager Neuberger Berman. On Monday, a person familiar with the situation said a sale of that unit was also close to being announced.
Private equity firms Bain Capital, Hellman & Friedman and Clayton, Dubilier and Rice have placed bids for the unit, the person said. Lehman had planned to sell a majority stake in the investment management unit before filing for bankruptcy, but is now selling the whole unit.
Earlier on Tuesday, Barclays had confirmed it was in talks to buy some of Lehman's assets on terms that would need to be attractive to its shareholders.
Lehman could not be immediately reached for comment.
Barclays was involved in frantic talks over the weekend to rescue Lehman, but quit after U.S. authorities would not guarantee the U.S. investment bank's trading obligations.
That prompted Lehman's New York-based holding company to file for Chapter 11 bankruptcy protection, sending shockwaves throughout world financial markets as a year-long credit crunch claimed another, bigger victim.
One of the bank's top 15 investors, who declined to be named, questioned the merit of pursuing Lehman in the current climate, however.
"Does Barclays not have better things to do with its capital? I don't think it's an environment for banking people to be brave," he said.
Barclays shares closed down 2.5 percent at 305.1 pence. The DJ Stoxx European bank index (.SX7P) fell 4.3 percent.
Most European bank shares were hit for a second day by fears of more collapses and higher borrowing costs, although U.S. banks surged on hopes for a solution to American International Group Inc's (AIG.N) liquidity crunch.

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