Thanks for this report brother .. Sometimes I am amazed at the way the "experts" , "value" companies. That too large, publicly quoted companies.
During August 2008 SSKI valued Jindal Steel and Power with "...base case price target of Rs2,600 per share ..." !!!! This was a rather large PDF report almost 73 pages. They had scenarios and P/Es and what not worked out till 2010 !! [Those who have this SSKI report may please refer to page 40 of this report for the valuation ] Ever since Sep 2008 Jindal Steel and Power share has been going south and is now quoting at approx 1,147.5 per share Now Merrill Lynch values the same company at 1,044 per share !!! Well.... what to say ----------------------------------------------------------------------------- Important Note : Reports, News items or other items posted by me are NOT to be construed as Investment Advise. Please contact a certified investment specialist and make your own due diligence before investing money. ----------------------------------------------------------------------------- ---- Regards Subu ----- Original Message ---- From: ekam ber <[EMAIL PROTECTED]> To: [EMAIL PROTECTED]; [EMAIL PROTECTED]; [EMAIL PROTECTED]; [EMAIL PROTECTED]; [EMAIL PROTECTED]; [EMAIL PROTECTED]; [EMAIL PROTECTED]; [EMAIL PROTECTED]; stockbuffs <[EMAIL PROTECTED]>; [email protected]; [EMAIL PROTECTED]; [EMAIL PROTECTED]; [EMAIL PROTECTED] Sent: Friday, October 3, 2008 5:54:45 PM Subject: Plethora > Jindal Steel & Power - ML - 03 09 08 Large desire is endless poverty. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
