The stock markets are a place where Caveat Emptor(Buyer Beware) applies to its fullest. If you come across any of the below tactics, do
- Issue QIP/Decisions just before a major negative event
- Money Matters-QIP at peak price just before MD was arrested
- Yes Bank-Issue QIP in Q4'17 before disclosing potential provisioning lapse
- Axis Bank-MD/CEO reappointment and performance bonus, just before NPA issues
- Declare results at a very early date after quarterly closing, to attract attention
- Sanwariya Consumer-Declared Jul17-Sep17 results on Oct 3rd, 2017(Remember Oct 1/2 were holidays) albeit unaudited
- Kitex-Releasing its audited results for Apr15-Mar16 on Apr 4, 2016!! Surpassed even Infosys. For FY167 however, they released with a month's lag
- Delay results/ declare results quite late with some bad news/Extend Reporting year
- Axis Bank-When it declared results for Q2'18 showing NPA slippage
- Shree Renuka Sugars-Extended financial year to 15months without a clear rationale
- Commission research report and upload on website
- CRISIL research(most companies) albeit neutral
- AGMs
- at remote locations to minimize attendance-Inox Wind?
- at quarter end/latest possible dates to minimize attendance-Many Cos
- Glossy annual reports
- by firms like TRISYS to simplify business. metrics
- Focus on extraneous stuff-Temptation Food seductive photos of women.
- Suddenly start holding conferences presentations, analyst calls etc, but stop it when bad times happen. For example
- Sanwariya Consumer sudden spurt of presentations, reports
- Educomp ceasing to update its website after bankruptcy
- Announce plans with limited execution
- DCB Bank retail expansion-subsequently rolled back due to resistance and ESOPs repriced to adjust for this benefits
- Crompton Greaves-Plans to turnaround/hiveoff units but not done
1 comment:
Such a nice blog thanks for sharing.Tata Steel Share Price
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