CARE downgrades DHFL debt worth 1.2 lakh crores. A bit late aren’t they?

These ratings agencies are as useless as they come. The role of a rating agency is to monitor the companies they rate and provide advance warning if something is about go wrong. But no…that’s not their style. In the past 6-7 months they have been caught with their pants down multiple times and yet they…… Continue reading CARE downgrades DHFL debt worth 1.2 lakh crores. A bit late aren’t they?

Blackstone to acquire 70% in Aadhar housing from Wadhawan Global – parent company of DHFL

Oh, here’s some bit of good news for DHFL…finally! Private equity giant Blackstone looks set to acquire Wadhawan Global’s 70% stake in Aadhar Housing. DHFL which owns 9.15% in the company will also offload its stake. ET is pegging the deal at Rs 2700 cr. Also, check this Tweet out by Andy Mukherjee:  https://twitter.com/andymukherjee70/status/1091657854199554048?s=09 Will…… Continue reading Blackstone to acquire 70% in Aadhar housing from Wadhawan Global – parent company of DHFL

Saturday Linkfest – Feb 2nd

Anything Anil Ambani touches, it just turns to shit. Well looks like his woes are just compounding. RCom files for insolvency after govt refuses nod for asset sale to Jio. – Livemint Oh, how the mighty fall Indian Bank Must Answer for CEO Scandal. Brilliant piece by the inimitable Andy Mukherjee, BQ The Price of…… Continue reading Saturday Linkfest – Feb 2nd

Published
Categorized as Goodreads

Pain in DHFL bonds continues

I can’t seem to get over this. Although the 40% YTM number on that 0 coupon bond is shocking, I can understand that, that bond is thinly traded. But even the other NCDs with relatively more volumes are yielding between 20% to 26% – I mean wassup with that? Here’s a monthly chart depicting the…… Continue reading Pain in DHFL bonds continues

Podcast: A conversation with the legendary short seller Marc Cohodes

Short selling is a tough business. I’d say a billion times harder than being a long only trader or investor. Why? Just ask all the Tesla bears. Some short sellers go short just to capitalize on the downside. But then there is Marc Cohodes. His driving goal has been to ferret out frauds that are…… Continue reading Podcast: A conversation with the legendary short seller Marc Cohodes

Cheatsheet: DHFL crisis

Just when you thought things couldn’t get any worse for NBFCs, they did. Unless you are living under a rock, then you’d have heard about the crisis gripping DHFL. Here’s what went down so far! Preview, it started with the company’s quarterly results. It announced that the company’s loan disbursals had fell by 95% from…… Continue reading Cheatsheet: DHFL crisis

Expense ratios in the US are hitting rock bottom. But investors in India still don’t care about costs

Was reading the Q4 trend reviews by Morningstar and came across this stunning graph. Well, if you even have the elementary understanding of trends in mutual funds, then you’d be aware that there is a great cost migration in the US. i.e. from active to passive and this has resulted in a massive fee war,…… Continue reading Expense ratios in the US are hitting rock bottom. But investors in India still don’t care about costs

Crazy yields on DHFL bonds (NCDs)

Ola folks, here’s the first post on Nakedbeta. Well, you’ll be pretty much aware of the Cobrapost allegations against DHFL Finance. The stock was down 5.48% today. But what transpired in the bond markets was much crazier. The yields on some DHFL NCDs shot up to 24%. That’s freaking crazy.Although, you’ll have to take this…… Continue reading Crazy yields on DHFL bonds (NCDs)

Published
Categorized as Updates