| MOST IMPORTANTLY NOTE- Long-term investors AVOID Education, dotcom website, and Airlines stocks. keep this in mind. www.MeghaInvestments.com |
[to view this sms, click below link and go to old pages for past yr msges,
http://www.smsgupshup.com/groups/freestockidea
(go to 46th page) ]
Also below is the print-screen of the same original msg,-
….....this is due to our inherent dislike of this sector......and the till-date overall depressing history of aviation sector throughout the whole world.
…...you can read in the msg that how much emphasize we have put by telling ‘most imp note’ and writing ‘keep this in mind’
...you might want to know whay we are a no-no to certain sectors such as aviation. There are particular reasons to that. We follow Warren Buffett’s philosophy, and in that also aviation is a no-no, so our attitude regarding airlines stocks goes with this also,
….......(...by the way...retail investor deceived/misguided/ill-guided by tv analysts etc.(usually serving vested interest of the broking/fund industry’, some of them who know (most other completely ignorant regarding this) that aviation sector will take away your money still recommend in tv and articles and other media etc.)
HORRIBLE WEALTH DESTRUCTION BY airlines stocks (our investors exited or/and avoided these stocks and saved their capital) -
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| AIRLINE STOCK NAME | Open price as on-20 sept 2010 | lifetime high | high made since our msg | close price on-20 sept 2011 | lifetime low price | low price made since our msg | % crash from (4) in stk price |
| Jet Air | 768.80 | 1383 | 925.65 | 281.40 | 115.20 | 250.15 | 87.64% |
| KFA | 65.25 | 334.45 | 90.15 | 25.80 | 22.10 | 23.35 | 74.09% |
| Spicejet | 73.90 | 98 | 98 | 24.50 | 19.30 (19 aug 2011) | 19.30 | 80.30%% |
CLEARLY OUR INVESTORS SAVED THEMSELVED FROM 80% CRASH IN AIRLINES STOCKS BY FOLLOWING OUR INSIGHTFUL RESEARCH.
Find out details of our SERVICES FOR INVESTORS on below page-
http://www.meghainvestments.com/p/services-for-investors_13.html
More or less, the Education sector high-flyer stocks have also met similar fate. -----------------------------------
ABOUT EDUCATION SECTOR-
Please Also read similar post on ‘HOW THOUSANDS OF INVESTORS SAVED THEIR MONEY FROM EDUCATION SECTOR STOCKS BUST’ Click below link-
Coming soon....
ALSO READ BELOW AN ARTICLE ON ‘WEALTH DESTRUCTION IN STOCK MARKETS”=
http://www.meghainvestments.com/2011/05/wealth-destruction-in-stocks-sks.html
Read below a recent post on KingFisher Airlines Auditors remarks about credential as 'going concern'-
Source: http://www.firstpost.com/business/kingfisher-lands-in-soup-auditors-questions-viability-84359.html
The company’s audit firm, BK Ramadhyani & Co, said in its remarks published in the company’s annual report that Kingfisher’s ability to stay in business will depend on its promoters being able to maintain a steady flow of funds into the company. It also said the company has not deposited with the government, money collected from employees as tax deducted at source and Provident Fund contributions.
Kingfisher Airlines Chairman Vijay Mallya. Luke MacGregor/Reuters
Kingfisher has accumulated losses of Rs 4321 crore, which is more than 50 percent of the company’s total networth at the end of financial year 2010-11.
The company however defended its financial health. “It is incorrect to say that Kingfisher Airlines (KFA) auditors have raised serious doubts about the survival of the Airline,” Ravi Nedungadi, CFO of UB Group, of which Kingfisher is a part, said in a statement, The Economic Times reported.
He also added that as per RBI directives, Kingfisher’s lenders had made an independent assessment of the airline’s viability.
“During the year, RBI had directed the banks to independently assess the viability of KFA and this was in fact, carried out by the lenders with the assistance of SBI Capital Markets confirming that KFA is viable i.e. as a going concern,” the airline said in an e-mail to Reuters.
Though the lenders showed confidence in the company, investors admitted the auditor’s report was a cause of concern.”Clearly, the auditor is sceptical of the “going concern” credentials of Kingfisher Airlines,” said Neeraj Monga, executive VP of Toronto-based Veritas Investment Research, in a report dated 12 September on the company’s accounting policies.
The company has also reportedly defaulted on its loans to banks and private institutions.
The airline has not posted profit since its inception in 2005. For the quarter ended June, Kingfisher widened its net loss by 43 percent to Rs 264 crore.
The term “going concern”, in accounting parlance, refers to a company’s ability to continue operations in the near future.
The annual report has been posted on the Bombay Stock Exchange website.
The auditor’s comments come at a juncture when Indian carriers are struggling despite a booming aviation market. All three major carriers Kingfisher, Air India and Jet Airways are loss-making as prices of key inputs like crude remain volatile, and consequently are unable to raise equity.
In late August, Kingfisher Airlines Ltd said its board had approved a rights issue of shares to raise up to Rs 2000 crore ($434 million).
The company gave no timing or details of the proposed issue, but analysts say raising funds for an airline company is not going to be easy.
“Resolutions have been taken, but its been three years since the airline industry has not been able to raise funds at all,” said Mahantesh Sabarad, sector analyst at Fortune Equity Brokers.
The CAG also said there have been some delays in remitting some statutory dues, pertaining to provident fund, fringe benefit tax, investor education and protection fund and employees’ state insurance.
Earlier this year, the carrier had cut its debt through a debt restructuring process in which the airline issued 116.3 million shares to a consortium of 13 banks led by State Bank of India, after conversion of compulsory convertible preference shares at Rs 64.48 a share.
The airline had restructured its debt by converting almost Rs 1200 crore of loans into equity and its debt stands at about Rs 6000 crore at end April.
