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Satra properties-Results from Capital Market

noreply@blogger.com (Moneystocks) — Mon, 28 Apr 2008 05:50:00 +0000

Satra Properties (India) net profit rises 59.29% in the March 2008 quarter
Sales rise 41.45% to Rs 47.50 crore

Net profit of Satra Properties (India) rose 59.29% to Rs 4.03 crore in the quarter ended March 2008 as against Rs 2.53 crore during the previous quarter ended March 2007. Sales rose 41.45% to Rs 47.50 crore in the quarter ended March 2008 as against Rs 33.58 crore during the previous quarter ended March 2007.
For the full year, net profit rose 511.74% to Rs 38.05 crore in the year ended March 2008 as against Rs 6.22 crore during the previous year ended March 2007. Sales rose 193.44% to Rs 194.23 crore in the year ended March 2008 as against Rs 66.19 crore during the previous year ended March 2007.

SATRA PROPERTIES -See superb results-CLICK TITLE TO SEE RESULTS FROM BSE SITE

noreply@blogger.com (Moneystocks) — Mon, 28 Apr 2008 05:47:00 +0000

satra properties bhopal

noreply@blogger.com (Moneystocks) — Thu, 24 Apr 2008 19:21:00 +0000

Satra Properties India Ltd has informed BSE that the Company has acquired property situated at Bhopal, Madhya Pradesh, through its Special Purpose Company (SPC), in which Gammon (India) Ltd is having 51% Stake and Satra Property Developers Pvt Ltd [the Wholly Owned Subsidiary Company of Satra Properties (India) Ltd] is having 49% Stake. The Special Purpose Company (SPC) has made Development Agreement with the Government of Madhya Pradesh & Collector of Madhya Pradesh.

The proposed Project shall be one of the state of art project in Madhya Pradesh and the property is to be developed for providing Shopping Malls, Street Shops, Commercial Offices, Food Courts, Five Star Restaurants, Amusement parks, First Snow Parks in Madhya Pradesh with Modern and Hi end amenities. The property is approx. 15 acres of land situated at CBD Bhopal, Opp New Market and South T.T. Nagar, i.e. in the heart of the Bhopal city and it is the prime shopping destination of the Bhopal city. It is having Basic F.S.I. of approx 16,22,673 Sq. ft. and having saleable area of approx. 22,50,000 Sq. ft. The Land & Construction cost of the proposed project is estimated at Rs 800 Crores and has the capacity to generate the Total revenue of approx. Rs 1400 - 1500 Crores. The proposed Project is expected to be completed within 3 to 4 years.

Satra Properties JUHU

noreply@blogger.com (Moneystocks) — Thu, 24 Apr 2008 19:19:00 +0000

News Body:

Satra Properties India Ltd has informed BSE that the Company has acquired property situated at Juhu, Mumbai through its SPV, in which the Company holds 35% Equity stake.

The said Property is to be developed for providing luxurious Residential apartments with Modern and Hi end amenities. It is having potential to generate area of 99,500 Sq Ft (Approx) with Revenue of about Rs 182 Crores. The Construction work for the proposed project shall commence within a period of 2 months and is expected to be completed by the end of March 2010.

noreply@blogger.com (Moneystocks) — Wed, 16 Apr 2008 08:19:00 +0000

Auction-Rate Market Will `Cease to Exist,' Citi Says (Update2)
By Martin Z. Braun
April 15 (Bloomberg) -- The $330 billion auction-rate securities market will ``cease to exist'' after it collapsed in February when Wall Street firms stopped using their own capital to buy unwanted bonds, Citigroup Inc. said.
While the death of the market will only trim brokers' earnings by 1 to 2 percent, investor anger over their inability to liquidate their holdings may be significant if the frozen market doesn't thaw soon, Citigroup analyst Prashant Bhatia wrote in a report. New York-based Citigroup was the top underwriter of municipal auction-rate securities in 2006, managing $8.4 billion of sales, according to Thomson Financial.
``Basically, clients could stop using the services of their brokerage and/or asset management firms as a result of a loss of trust,'' Bhatia wrote.
Auction-rate bonds allowed issuers such as local governments, hospitals, and closed-end mutual funds to issue debt maturing in as long as 40 years at short-term rates that reset every 7, 28 or 35 days through bidding. Investors began abandoning the auction-rate market this year on concerns that companies insuring the bonds wouldn't meet their obligations in case of default.
Thousands of the auctions began failing when dealers, who had stepped in when there weren't enough bidders, pulled back as investment banks and securities firms worldwide took $245 billion in credit losses and writedowns. As a result, investors weren't able to turn the securities into cash, while some issuers were left paying penalty interest rates as high as 20 percent.
No Liquidity
As with structured investment vehicles, ``the liquidity providers were unwilling to provide liquidity,'' the Citigroup report said.
Brokerage clients that hold between $100 billion to $150 billion of auction-rate securities control more than $750 billion in assets, according to the report. Closed-end funds have issued about $40 billion of the securities.
Banks are letting customers borrow against their illiquid auction-rate bonds. UBS AG, which cut the value of the auction- rate securities in its account by about 5 percent, last week said it would allow customers to borrow the full value of their auction debt from the Zurich-based bank starting in May.
Shrinking Market
The auction-rate market has shrunk by at least 15 percent, or $51 billion, as U.S. municipal borrowers refinance to escape higher costs and closed-end funds begin to bail out investors, according to data compiled by Bloomberg. While the average rate for municipal debt with interest set through weekly bidding fell to a nine-week low of 5.14 percent April 9, that's still above the average of 3.65 percent in all of 2007.
The New York Giants announced plans today to redeem $100 million of the $650 million in auction-rate bonds, with interest costs as high as 22 percent, sold to help finance a stadium for the football team under construction in East Rutherford, New Jersey.
Nuveen Investments Inc. and seven other fund managers said they will redeem $7.8 billion in taxable preferred shares that have rates set through periodic dealer-run auctions. About 70 percent of closed-end funds borrow money in an effort to boost returns, most by selling preferred shares on the auction-rate- securities market.
The collapse of the auction-rate market will raise the cost of leverage for closed-end funds, Citigroup said. It will also benefit firms such as Federated Investors Inc.,BlackRock Inc., and Charles Schwab Corp. that have large money-market funds.
``Plain and simple, the money fund turned out to be a superior product and as the ARS crisis is resolved, we expect inflows into money funds,'' Citigroup said.
To contact the reporter on this story: Martin Z. Braun in New York at mbraun6@bloomberg.net;

Goldman Sachs Level 3 Assets Jump, Exceeding Rivals'

noreply@blogger.com (Moneystocks) — Mon, 14 Apr 2008 07:12:00 +0000

(Bloomberg) -- Goldman Sachs Group Inc., the most profitable securities firm, reported an increase in hard-to- value assets during the first quarter, exceeding those at Morgan Stanley and Lehman Brothers Holdings Inc.

Goldman's so-called Level 3 assets surged 39 percent to $96.4 billion at the end of February from $69.2 billion in November, according to a filing with the U.S. Securities and Exchange Commission today. The ratio of Level 3 to total assets rose to 8.1 percent from 6.2 percent.

Investors are wary of banks and brokerages with difficult- to-sell securities on their books as $232 billion of writedowns and credit losses from the collapse of the subprime mortgage market have crippled earnings. More assets have become difficult to value in the last three months as investors shunned a wider array of credit, reducing trading.

``People are concerned about Level 3 because of possible writedowns, though it isn't necessarily all losing value,'' said Erin Archer, senior equity research analyst at Thrivent Financial for Lutherans, which holds shares of the three firms in the $73 billion under management. ``We aren't out of the woods yet when it comes to writedowns and profitability of the brokers.''

Goldman fell $4.76, or 2.7 percent, to $174.14 at 4 p.m. in New York Stock Exchange composite trading. The shares had gained 8 percent this month through yesterday. Morgan Stanley declined $1.25 today, or 2.6 percent, to $46.10. Lehman dropped $3.13, or 7.2 percent, to $40.54.

Relative Risk

Goldman Chief Financial Officer David Viniar said last month the Level 3-to-assets ratio had risen to about 8 percent mostly because some assets classified as Level 2, including commercial real estate loans, dropped to Level 3. The biggest increase in the hard-to-value category was a 59 percent jump in derivative contracts, according to today's filing. Mortgage and other asset-backed loans and securities increased 56 percent in the quarter.

``Just because an asset is defined as Level 3 doesn't mean we're uncomfortable with the value of the asset,'' said Lucas van Praag, a spokesman for Goldman Sachs. ``It also doesn't provide any insight into the relative risk of the underlying asset.''

Under accounting rules, Level 1 assets are those for which market prices are readily available. Level 2 holdings are valued based on ``observable inputs,'' or prices of similar assets traded in the market. Assets are placed into the Level 3 category when there are hardly any observable inputs, and the firm has to rely on in-house models to calculate potential gains or losses.

FAS 157

The largest investment banks adopted a Financial Accounting Standards Board rule, known as FAS 157, a year earlier than mandated by the board, and have been publishing the breakdown of their asset valuations. The rule, which went into effect last November, requires all public companies to make similar disclosures this year, starting with their first-quarter reports.

The new standard doesn't change the way firms value their assets. It only creates clear-cut categories and is intended to increase transparency about valuations.

Morgan Stanley's Level 3 assets rose 6.1 percent to $78.2 billion last quarter, the firm said today in an SEC filing. Lehman, which also filed a report with the agency today, said its Level 3 holdings rose 1.3 percent to $42.5 billion. All three firms are based in New York.

Lehman's Ratio

The harder-to-value securities made up 7.2 percent of Morgan Stanley's total assets at the end of February, up from 7 percent three months earlier. Lehman's ratio declined to 5.4 percent from 6.1 percent as total assets grew faster. Lehman CFO Erin Callan said last month the ratio would be around 5 percent.

``The uncertainty of Level 3 asset valuation is already priced in the stocks of brokerage firms,'' said Steve Roukis, managing director at Matrix Asset Advisors Inc. which oversees $1.8 billion of assets in New York. ``We expect more writedowns in coming quarters, but they're not going to be huge numbers like the past quarters.''

Goldman faces a maximum potential loss of $22.4 billion from assets held off the firm's balance sheet in so-called variable interest entities, down from $25.9 billion in the previous quarter, according to today's filing. The holdings aren't included among assets classified as Level 1-Level 3. Morgan Stanley said its maximum potential loss from VIEs fell to $11.6 billion from $16 billion. Lehman's dropped to $8 billion from $9.1 billion.

Bear Stearns

Almost one third of the assets held by Goldman's off- balance-sheet entities were mortgage-linked collateralized debt obligations. The market for those instruments has frozen since July.

In the fourth quarter of last year, Bear Stearns Cos. had 7.1 percent of its assets classified as Level 3, the most among the four firms. Bear Stearns didn't publish first-quarter results this year after agreeing to be sold to JPMorgan Chase & Co. last month, following a bank run on the securities firm that depleted its cash reserves.

Stripping out stakes owned by others, Goldman's ``exposure'' to Level 3 assets was $82.3 billion, or 6.9 percent of the firm's total assets. That amounts to a 50 percent increase from the previous quarter. Goldman is the only one of the three banks that reports such an adjusted Level 3 figure.

The following table compares the Level 3 assets on the balance sheets of the three U.S. securities firms that filed their quarterly reports with the regulators today.

Firm           Level 3        Level 3 Assets as   Change in
Value
              Assets         a Percentage of     From Previous
              (in billions)  Total Assets        Quarter

Goldman
Sachs          $96.39         8.1%                 39%
 excluding
 some assets  $82.32         6.9%                 50%

Morgan
Stanley        $78.16         7.2%                 6.1%

Lehman
Brothers       $42.51         5.4%                 1.3%

noreply@blogger.com (Moneystocks) — Sat, 12 Apr 2008 13:58:00 +0000

Mizuho's $4bn sub-prime hit Asia's biggest

noreply@blogger.com (Moneystocks) — Sat, 12 Apr 2008 13:54:00 +0000

Mizuho's $4bn sub-prime hit Asia's biggest LOSS
Print Page: Print
Peter Alford, Tokyo April 12, 2008
MIZUHO Financial Group has taken the biggest sub-prime hit yet of any Asian financier, with losses of Y420 billion ($4.4 billion) at its wholesale brokerage unit.
Problems elsewhere in the group would increase the total US housing-related losses and write-downs for the year to March 31 to Y565 billion, a Mizuho spokeswoman confirmed yesterday.
For the first time a Japanese financial house has confirmed sub-prime damage on a scale approaching that incurred by US and European investment banks.
The critical difference is that the group remains profitable overall.
MFG announced yesterday that huge losses at Mizuho Securities Co had caused a further Y170 billion reduction in the group's consolidated net profit forecast to Y310 billion -- a 59 per cent reduction from originally forecast Y750 billion.
Investors, however, seemed to assume that Japan's second-biggest banking group had cleared the debris from its decks.
MFG shares jumped almost 6 per cent yesterday to Y405,000, outstripping the Tokyo market's 2.9 per cent rise. However, the stock remains 55 per cent down from its 12-month peak of Y899,000 in June.
And given the severe recent deterioration in Mizuho Securities' condition -- its losses blew out by Y220 in the March quarter, against a Y50 billion deterioration forecast in January -- the market and possibly Financial Services Agency regulators will direct searching attention to the other banks with large known sub-prime exposures.
Those include Sumitomo Mitsui Financial Group (which declared sub-prime-related losses of Y99 billion in the nine months to December 31), Mitsubishi UFJ Financial Group (Y55 billion for the nine months) and Aozora Bank (Y36.5 billion).
The FSA estimated that at the close of 2007 Japanese banks had incurred about Y600 billion of losses on a total Y1.5 trillion investment in asset backed securities, collateralised debt obligations and other US housing-related instruments.
As the banks recalculate their positions after the March 31 financial year, total losses on those positions are likely to rise towards Y900 billion.
However the FSA remains confident the Japanese banking system, with a capital base of more than Y49 trillion remains insulated from a Wall Street-type emergency or the problems now disrupting Western European financial markets.
"Japan's sub-prime exposure is still relatively small. You can't compare this to the likes of UBS," Polestar Investment Management's Shigemi Nonaka said yesterday.
"Investors have been expecting further sub-prime-related losses, so this doesn't come as much of a surprise."
As with the other large Japanese exposures to the US housing mess, most of Mizuho's problems erupted in its brokerage firm, although the group's main investment bank, Mizuho Corporate, looks to have sustained about Y120 billion losses from CDOs and mortgage-backed securities.
Analysts say MFG had expanded its offshore financial centre activities more aggressively than the other big Japanese banks and that Mizuho Securities was heavily involved in structured finance products.
The severity of the problems began emerging last September as MFG was finalising plans to merge Mizuho Securities with the group's retail brokerage, Shinko Securities. The merger was initially postponed to this May but three weeks ago was put off to "the earliest possible date in 2009".
The effect of global financial dislocation and market volatility, particularly on Mizuho Securities portfolio has made it impossible for the companies to agree on merger ratios.
In a statement to the Tokyo Stock Exchange yesterday MFG said Mizuho Securities' exposure to "foreign currency denominated securitisation products" had been reduced in the past three months from Y470 billion to about Y100 billion, though it did not say how much was achieved by sales and how much by write-offs.
Mizuho was formed in 2000 by the merger of Dai-ichi Kangyo Bank, Fuji Bank and Industrial Bank of Japan, during the long-running Japanese banking system crisis that followed the early 1990s Bubble collapse.
Recapitalised by almost Y2.95 trillion of public funds, Mizuho repaid the last of its bail-out funding in early 2006.
The recent proximity and severity of the Japan's crisis appears to have saved the banks from disastrous exposures to the US housing shambles but the losses now mounting are much larger than expected even three months ago.
Another cause of concern for regulators is the emergence of sub-prime problems in other parts of the financial sector, particularly insurance companies and consumer credit operations.

Who said a Municipality cannot go broke? Who guaranteed this debt?

noreply@blogger.com (Moneystocks) — Sat, 12 Apr 2008 13:52:00 +0000

Largest U.S. Municipal Bankruptcy Looms in Alabama: Joe MysakCommentary by Joe Mysak
April 11 (Bloomberg) -- They're talking more about Chapter 9 municipal bankruptcy in Jefferson County, Alabama, the home of the largest city in the state, Birmingham.
Who can blame them?
The county is now being whipsawed by an ill-thought-out debt policy and the collapse of the bond insurers. Credit-rating downgrades all around have triggered a series of events that are no longer in the county's control, leaving it at the mercy of securities firms that have little room for maneuver themselves.
This has produced a steady series of stories in my new favorite newspaper, the Birmingham News, all about how the county is preparing to declare bankruptcy any day.
Perhaps the best article ran on Sunday, April 6. It began: ``Jefferson County officials have laid the groundwork for the largest municipal bankruptcy in the nation's history while publicly saying they have no imminent plans for a filing.''

Lehman Makes Move to Turn Unsold Debt to Cash MOST IMPORTANT DEVELOPMENT Leading to COLLAPSE!!!

noreply@blogger.com (Moneystocks) — Sat, 12 Apr 2008 13:48:00 +0000

Lehman Brothers Holdings, looking to raise cash, packaged $2.8 billion of unsold loans into bonds, then used some of the securities as collateral to borrow from the Federal Reserve, people familiar with the deal said Friday.
Lehman transferred loans that included some risky leveraged buyout debt into a new investment entity called Freedom, which then issued securities, about $2.26 billion of which were rated investment-grade, they said.
The bank used a relatively small amount of those securities as collateral for a low-interest, short-term cash loan from the Federal Reserve.
The move should give Lehman more money to finance its activities but also raises questions about the quality of the collateral the Federal Reserve is receiving from dealers to which it lends money.
"There's a significant hazard to the Federal Reserve taking poor assets onto its balance sheet," said James Ellman, president of hedge fund Seacliff Capital in San Francisco.

MBIA's AAA Rating Downgraded By Fitch

noreply@blogger.com (Moneystocks) — Sun, 06 Apr 2008 09:53:00 +0000

MBIA's AAA Rating Downgraded By Fitch

Author: Jim Sinclair

Dear CIGAs,

MBIA, the issuer of massive amounts of credit default derivatives, has had their bonds downgraded two notches by Fitch.

This is the most significant event to occur since this entire mess started.

It is reasonable now to assume that all the bond issues guaranteed by MBIA will feel the impact of that downgrade.

I was certain the civil liability the rating companies would face by keeping the credit default derivatives at an AAA rating was high enough to break them.

This is a very significant development that opens the door to a new $45 trillion dollar derivative problem.

REASON INDIAN MARKETS FALLING LIKE NINE PINS .........Carry Trade Crisis Looming?

noreply@blogger.com (Moneystocks) — Sun, 06 Apr 2008 09:25:00 +0000

Laura Cadden: Carry traders borrow low yielding currencies, like the Japanese Yen, to buy bonds denominated in higher yielding currencies, like the Australian dollar or the Icelandic krona or the U.S. dollar.

But strong exchange rate fluctuations increase the risk that over leveraged traders will have to pay back more expensive currency with less valuable currency.

With the U.S. dollar plunging and the fed slashing interest rates, what does this mean for Forex traders?

I’ve invited Jack Crooks, editor of The Money Trader to give us his take. So Jack, tell me, what is the danger in the present situation?

Jack Crooks: Well the danger is kind of what it’s already been built up in the carry trade. These carry trades have created a massive amount of liquidity in the world. Much of it has gone into other high yielding currencies. Much of it has gone into merging markets and bonds.

But much of it also has gone to this dangerous growth in derivatives and this massive leverage we have around the globe.

When you can borrow at a half percent and money looks like it’s cheap and all these asset markets look like they’re going up – stocks, bonds, commodities all at the same time – it’s kind of a lay up for these major traders.

But now we’re in a situation where we’re starting to face the great unwind and it’s very, very dangerous for the global economy.

Laura Cadden: I know some analysts have mentioned that they see strong parallels with the situation back in 1998 during the Asian currency crisis. Do you feel that’s a realistic fear?

Jack Crooks: Oh, absolutely. It’s a very good parallel and very analogous to 1998. In 1998, there was at the time a very massive yen carry trade going on. Interest rates were a half percent in Japan then.

The institutions were all pouring in borrowing the yen in order to buy the emerging market countries, the Asian tigers, Malaysia, Indonesia. They were all hot as could be.

Then we had the Asian financial crisis. The whole system broke. We had long-term capital management and we had a real payback or deleveraging at that time of the yen carry trade.

At the time the carry trade was $138 billion, which is very large. Fast forward to 2007. We have a massive carry trade again because interest rates in Japan are at a half percent.

We’re playing the same game. Major traders and institutions around the world are borrowing this yen and placing their money everywhere on all these hot assets.

But what’s different this time – a couple things different – they’re leveraging them more. They’re leveraging, they’re borrowing up five, ten, 15, 20 times and the amount of borrowing in yen is about seven times larger in 2007 than it was in 1998.

So this has created a massive, massive build-up and we’re starting to see that unwind. That’s why the yen’s starting to drive higher. It goes back to this idea of great unwind going on. This leverage is starting to unwind now in the global economy.

When traders and investors do that that have borrowed yen, they have to pay back in. When they pay back in they’re effectively buying yen and that provides that powerful lift for the yen in a world where a lot of other currencies are starting to take a hit.

Laura Cadden: So you think the yen will definitely continue to climb against the dollar?

Jack Crooks: I think longer term the yen really has scope to go much higher against the dollar because of the fact that the yen carry trade this time is seven times larger than it was last time.

However, right now I think in the near term we could see a real correction in the Japanese yen. It really looks very overdone in here and in fact, we’re playing for a correction.

Laura Cadden: "Playing for a correction?" Tell me what you mean.

Jack Crooks: Well, we’re playing for a correction in the yen. We think the sentiment and the U.S. dollar has gotten way too negative. The sentiment towards the Japanese yen has become way too positive.

One of the ways you can see that, we monitor what’s called open interest. Your viewers can do this themselves. Open interest is the amount of open contracts traded for the currency futures listed on the Chicago Mercantile Exchange in Chicago.

When we see a big amount in terms of open interest and we also see the sentiment number because open interest is broken down each week by bulls and bears, in effect; longs and shorts.

We had 76 % positive reading in the open interest on the yen. Now that’s a massive, bullish position in yen. Everybody loves the yen and we know what Mr. Market does when everybody loves the position. It usually turns around and smacks them.

So that’s why we think technically the yen looks a little over extended and from a sentiment standpoint, we think some of these bulls need to be shaken out and we could see a correction here.

Laura Cadden: So if we see profit taking, where would you suggest a trader should move those profits over in the near term?

Jack Crooks: Well, at first I think the dollar could benefit tremendously just shorting the yen against the U.S. dollar. If you’re willing to do that using currency options you would just by Japanese yen puts. Again, keep these short term because we think this correction is going to be short term.

But longer term, we think if we get through some type of commodities correction – our favorite currency are the commodity dollars, the commodity currencies because we definitely buy into the long-term story of commodities.

Again, we could see a nasty correction short term, but the commodity dollars have both high yield that the yen doesn’t have and they also have a lot of growth behind them.

So we think in particular the Australian dollar is our favorite currency and we think we’re going to see a lot of money move into that area intermediate and long-term

Satra Properties follow up -VERY IMPORTANT

noreply@blogger.com (Moneystocks) — Fri, 04 Apr 2008 05:28:00 +0000

Satra Properties - Board Meeting on Apr 12, 2008

News Body:

Satra Properties India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 12, 2008, inter alia, to consider the following business:

1. To Incorporate a Subsidiary Company in Dubai in the field of Real Estate & Development Activities and to take the necessary approval from members under Section 372A of the Companies Act, 1956.

2. To invest in Satra Property Development Pvt. Ltd., a Real Estate Company and to take the necessary approval from members under Section 372A of the Companies Act, 1956.

3. To approve the Calendar of events for Postal Ballot.

For Our Hon'ble FINANCE MINISTER

noreply@blogger.com (Moneystocks) — Wed, 02 Apr 2008 17:17:00 +0000

When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.
- PJ O'Rourke

Bear Market Rallies are Greater than Bull Market Rallies. See Proof

noreply@blogger.com (Moneystocks) — Wed, 02 Apr 2008 16:59:00 +0000

During the 1991-2000 bull market, the SPX rose by 271%...and there were exactly seven days during that time in which the SPX rallied 3% or more." "During the bear market that lasted from the Nasdaq top to the Iraq invasion, the SPX tumbled 38%. However, during that time there were 24 days in which the S&P rose 3% or more.""In the subsequent bull market, the SPX rose 70% and didn't have a daily rally of 3% or more a single time. Since the start of this year, meanwhile, there have been 3% up days. While the total index decline this year has eased to just 6.7%, the upside volatility certainly suggests that the underlying trend is a bearish one."

Want to resume free SMS

noreply@blogger.com (Moneystocks) — Wed, 02 Apr 2008 10:51:00 +0000

i have been receiving a lot of mails asking me to resume Free SMS service, as many investors/traders have lost a large sum in this turmoil. Hence i shall be resuming this service for a short period of 2 months till the markets stabilize.Please utilize these calls and trade wisely with short stop loss targets( 2% of purchase price) and profit.Calls may not be given for a particular day in case the technical signals are weak for buy or sell.

Firewood more costly than currency Notes

noreply@blogger.com (Moneystocks) — Wed, 02 Apr 2008 10:47:00 +0000

noreply@blogger.com (Moneystocks) — Wed, 02 Apr 2008 10:44:00 +0000

Who Subscribed To The Lehman Issue for $4 Billion US? Author: Jim Sinclair

Dear CIGAs,
Remember that it is clear the Exchange Stabilization Fund has the right to purchase common shares in any US company they wish.
It is unclear if the Fed can but I have been told they do. In the present conditions where banking rules are being bent for pragmatic purposes, the Fed could lend to the ESF, but in all likelihood not such loan would be required.
That would be a brilliant move to oversubscribe the Lehman issue in order to paint the situation as A-OK.

Is WAR a solution to Bear Markets ?

noreply@blogger.com (Moneystocks) — Mon, 31 Mar 2008 15:08:00 +0000

IN recent months, a massive redesign and retrofit of bombers was undertaken in order to affix the latest generation of armament against hardened, fixed installations (bunkers). These asset improvements are probably complete. These bombers have recently been deployed to forward bases.
As of early this month, there are two warships equiped with a vast array of rocketry and electronic jamming equipment currently off the coast of Lebanon...ostensibly as a sign of solidarity with Israel... but in perfect and essential position to act as a blocking force in an aerial assault over Iranian, Syrian, and Lebanese territories.
Last week, one of our nuke subs made a very rare, relatively risky, and surprisingly public crossing through Saudi waters. It was being sent somewhere in a hurry and/or was intended as a message. These subs are renowned for stealth, not as public displays of strength in possible war zones.
As of this past week, we have reached the same level of hardware (ships and planes) deployed in the region before the initial 2003 strike... and not seen since. Earlier this month, Israeli military advised the Israel population to equip and solidify its bunkers and safe areas in preparation of possible "sustained bombardment" from rocket assault.
The Saudi Elite have suddenly (post Cheney)ordered a national plan be generated for its population to deal with the circumstances surrounding nuclear fall-out.
Russian intelegence releases statement yesterday that they have been observing a flurry of activity recently along the Iranian border by US forces... movements indicative of a massive air and possibly ground offensive.
Recent incursion of Israel airforce on sorties and into lebananese and syrian territories in order to force defensive installations to 'light them up.' Intended to locate and assess electronic installations (first-class Soviet made hardware recently imported and installed under Soviet Military advisement.)
Aside from Fallon, varius diplomatic and political events have recently occurred including Petraeus announcement of documentable Iranian armament deployed against recent green zone attacks (those same attacks that have Baghdad currently under curfew... and green zone employees currently sleeping in bunkers and wearing flak jackets when it is absolutely necessary for them to go outside).
Mike McConnel, Director of National Intelegence recently testified before Congress, stating that he might have erred in under-estimating Iran's Nuclear Weapons program when submitting the last National Intelegence Estimate (the one stating that Iran was essentially toothless in this regard.)
Perhaps most importantly, Bush's sudden and ongoing demeanor of euphoria as noted by a dubious press.
THese are a few of the issues that come to mind as potentially relevant. Of course, instability of the Markets also fits well in this political strategy.

SATRA PROPERTIES- FOLLOW UP

noreply@blogger.com (Moneystocks) — Wed, 26 Mar 2008 17:25:00 +0000

Satra Properties India Ltd has informed BSE that the Company has signed DEED OF ASSIGNMENT for prime Retail property in Jodhpur Rajasthan.The state-of-the-art shopping mall is located in the prime shopping destination of Jodhpur. The proposed mall will be home to Anchor Store, Food Courts, Restaurants and 4 screen multiplex which shall create a delightful shopping ambience and entertainment experience. The 200 sq ft frontage on Nayi Sadak Road, Jodhpur will be city's one of the largest retail and entertainment complex, having potential to develop Saleable Area of approx. 1,21,000 sq ft generating approx. revenue of Rs 133.78 Crores. The Mall is planned to provide business opportunity & offers international retail and entertainment facility to enhance shopping pleasure in the historic City of Jodhpur. The construction work on the said project is started in full swing and expected to be completed within a period of 18 to 20 months.

noreply@blogger.com (Moneystocks) — Wed, 26 Mar 2008 14:56:00 +0000

noreply@blogger.com (Moneystocks) — Wed, 26 Mar 2008 14:54:00 +0000

Volatile commodities

noreply@blogger.com (Moneystocks) — Wed, 26 Mar 2008 14:42:00 +0000

By Cees Bruggemans
For years commodity prices have risen explosively, driven by strong real sector demand and constrained supply. Increasingly, financial speculation has joined the fry.
Where is this leading?
At what point will commodities overreach, entering freefall? Have we in fact reached such a cyclical tipping point at Easter 2008? Or is peaking still down the road?
These questions don’t query the nature of the long-term commodity fundamentals.
Global growth will be aggressive for decades still, with critical mass increasingly shifting towards developing emerging countries. These enjoy high rates of catch-up growth, whose early stage of industralisation is typically commodity-intensive and –inefficient.
Also, the easy commodity deposits have been mined, mining ownership has been consolidated and governments are increasingly practising resource nationalism, keeping new supply tight.
All these features taken together support elevated commodity prices longer term. But there are likely to be short-term deviations.
With commodity prices acquiring strong upward momentum in recent years, they increasingly attracted attention, pulling in growing numbers of financial speculators.
When US financial troubles erupted in mid-2007, mobilizing the Fed into aggressive policy interventions, including interest rate cuts also undermining the Dollar, a major additional reason was created for financial migration into commodities. Excess liquidity at reduced carrying costs invited increased commodity speculation.
With US financial troubles far from finished, and other parts of the world (Europe) still to be drawn in more fully, there is probably more downside to interest rates and Dollar ahead, and consequently more potential for commodity price gains.
But only until the tide turns, after which sharp commodity price corrections may be expected following the bubble-like gains of recent times.
The fundamental reason for a turn in commodity prices would be that growth is slowing in the West, that the East will probably as a consequence also import some of this weakness via trade channels, and that rising commodity prices are globally eroding consumer purchasing power, inviting yet more weakness.
Classically, at some point this will slow commodity demand growth enough to be overtaken by supply, causing inventories to start rising. This is already happening in oil and may spread shortly to more metals and minerals.
What has so far prevented this budding underlying shift in the fundamentals to check commodity prices is the financial speculative overlay. With US troubles far from being at an end, with more policy aggression and market anxiety likely still ahead, further lowering interest rates and Dollar, the attractiveness of investing in commodities has yet to falter decisively.
Unless, and until, the US financial troubles intensify to a point where anxiety and risk aversion suddenly greatly deepen, and the expectation of more pronounced growth interruption brings forward the future tipping point in basic demand/supply, abruptly changing expectations about the commodity outlook for the worse, inviting profits to be taken, rupturing the upside price drive.
There was abrupt deepening of US market anxiety prior to Easter 2008 as US banking problems looked increasingly intractable, and the ultimate outcome direr than ever.
The Fed redoubled its lifeboat actions in March by widening access to its liquidity, again aggressively cutting interest rates and facilitating bank mergers, yet none of it apparently being enough to solve the mounting liquidity and solvency problems at US banks.
The perceived inevitability of America sliding into recession has further heightened market anxieties.
Despite the prolonged playout to financial troubles still to come, has an early tipping point been reached, unnerving commodity speculators? Or are the abrupt sell-offs only temporary setbacks, reflecting temporary loss of nerve rather than heralding end of commodity binging?
Rising commodity prices fuel our inflation, creating major problems for the SARB. Commodity price fatigue would be most welcome, inviting oil price retreat, possibly also arresting the agricultural price bubble, although probably not preventing more Rand weakness.
We should welcome an end to excessive commodity price gains, especially oil. This would assist in undoing our inflation bubble, lessening upward pressure on interest rates. It could even free up space for rate easing, given our growth loss to date, provided the Rand doesn’t weaken excessively.
Source: Cees Bruggemans, Chief Economist, FNB, March 25, 2008

Pun

noreply@blogger.com (Moneystocks) — Wed, 26 Mar 2008 14:37:00 +0000

The chart below has been designed to help bankers deal with their exposure to the credit crisis (although there is no evidence it really did originate within Société Générale). I hope this brings a smile to your face in the otherwise dour circumstances of the subprime saga.