What do you guys think about Jaypee Greens Wishtown - NOIDA? Is this a good time to buy? Is Wishtown a good investment?

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  • Anyone seeking the exact position of JP versus debt and future etc can read the below analysis by a famous financial expert Deepak Shenoy,
    he says it is not done till it is done and seriously doubt if it could ever be done :

    They are selling all their money making assets with still 15000cr remaining as debt, read the story to understand the open points...

    https://capitalmind.in/2017/06/jp-as...od-intentions/
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  • Exactly same same cautionary sentiment expressed by other leading bankers....

    Economic Times

    JP Associates, lenders breathe easy after deal; should you buy
    By
    Rahul Oberoi

    Updated: Jun 30, 2017, 09.59 AM IST

    UltraTech Cement completed the Rs 16,189 crore acquisition.

    Shares of the debt-ridden Jaiprakash Associates BSE -3.52 % more than doubled investor wealth in last one year. The scrip has surged 190 per cent to Rs 22.70 as of June 29 from Rs 7.83 on the same day last year.

    The jump in share price indicates that an investment of Rs 1,00,000 a year back would have now become nearly Rs 2,90,000.

    However, market experts say there was a lot of speculative trading on the counter.

    Jaiprakash Associates (JAL) is once again hogging limelight after UltraTech CementBSE 0.06 % completed the Rs 16,189 crore acquisition of the company’s six integrated cement plants and five grinding units, having a capacity of 21.2 million tonnes.


    Market experts say the country’s biggest asset resolution may give some respite to banks and Jaypee Group stocks. The deal will help the Jaypee Group to reduce debt, which runs into thousands of crores of rupees.

    While the deal is likely to create some fresh buoyancy on the counter, some analysts remain cautious.

    AK Prabhakar, Head of Research, IDBI Capital, for one, has maintained an ‘avoid’ rating on Jaiprakash Associates.

    Ambareesh Baliga, independent market analyst, said, “One needs to work out what performing assets are left after the restructuring exercise. If it is left with small income-generating assets and real estate, then it may not be worthwhile.”

    “In case of Jaiprakash, the debt on the books is pretty high. There has been a lot of positive news in terms of selling of assets as well as monetisation on the Noida area with now a new airport coming up near Noida. So if those kinds of news flow continue, then there may be some respite,” Abhimanyu Sofat, VP-Research, IIFL, told ETNow before the announcement of the deal.

    “However, considering the amount of debt in the books, one would not venture and ask people to invest in such companies,” he said.

    JP Associates had last year announced the sale of its cement business to the Kumar Mangalam Birla-led UltratechBSE 0.06 %, making the biggest consolidation in the cement sector.

    After the deals, a consortium of lenders led by ICICI BankBSE -1.28 % would be able to write back Rs 3,000 crore of provisioning they had made against bad loans after UltraTech Cement completed the takeover of Jaiprakash Associates' cement business just a day before the end of the quarterly accounting period.

    Banks including ICICI, State Bank of IndiaBSE 0.37 %, IDBI BankBSE 0.00 %, Yes BankBSE 1.62 % and IndusIndBSE 0.21 % had to set aside money against the outstanding loan to the financially stressed Jaypee Group business as the deal got delayed. They would now be able to write back the amount, boosting their June-quarter earnings, analysts said.

    Among other JP group stocks, JP Power Ventures has risen 14.50 per cent in last one year, while the benchmark BSE Sensex gained 15 per cent.

    For the quarter ended March 31, 2017, Jaiprakash Associates reported a net loss of Rs 1,882.40 against a net loss of Rs 1,387.30 crore reported for the corresponding quarter last year. Net sales of the company slipped 9 per cent for the quarter on a year-on-year basis to Rs 1,720.45 crore

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  • This is a classic pump and dump. Promoters and insiders will offload their junk and retail investors and JP customers will be left holding the bag.

    A fool and his money are soon parted.
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  • Originally Posted by noida2gn7
    Anyone seeking the exact position of JP versus debt and future etc can read the below analysis by a famous financial expert Deepak Shenoy,
    he says it is not done till it is done and seriously doubt if it could ever be done :

    They are selling all their money making assets with still 15000cr remaining as debt, read the story to understand the open points...

    https://capitalmind.in/2017/06/jp-as...od-intentions/


    http://www.moneycontrol.com/news/business/jaiprakash-associates-eyeing-rs-6000-cr-topline-from-balance-biz-post-ultratech-deal-2315399.html

    See the video.... Only 6000cr debt remains with कंपनी after this restructuring
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  • Originally Posted by aONEinvestor


    http://www.moneycontrol.com/news/business/jaiprakash-associates-eyeing-rs-6000-cr-topline-from-balance-biz-post-ultratech-deal-2315399.html

    See the video.... Only 6000cr debt remains with कंपनी after this restructuring

    Like I said earlier, it is better to keep quiet and be thought a fool than to open your mouth and remove all doubt.

    You have absolutely no idea what you are talking about. 6000 cr is the total annual revenue the company is hoping to target and not the debt.
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  • Originally Posted by Truenity

    Like I said earlier, it is better to keep quiet and be thought a fool than to open your mouth and remove all doubt.

    You have absolutely no idea what you are talking about. 6000 cr is the total annual revenue the company is hoping to target and not the debt.


    The news does mention Rs 6000 Cr Topline but in the interview it is also quoted that 6000 Cr. debt will remain post this. You evidently jumped the gun and now your comment on 'opening the mouth' that you seem to use so frequently applies on you.
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  • Is 6000 Cr total debt on all three(JP Associates, JP Infra and JP Power) ?
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  • Originally Posted by mony11


    The news does mention Rs 6000 Cr Topline but in the interview it is also quoted that 6000 Cr. debt will remain post this. You evidently jumped the gun and now your comment on 'opening the mouth' that you seem to use so frequently applies on you.


    I don't have the time to watch interviews of defaulters.
    If you want to know how much money Vijay Mallya owes banks, will you take his word for it or those of the banks he owes money to.
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  • Originally Posted by bansii
    Is 6000 Cr total debt on all three(JP Associates, JP Infra and JP Power) ?

    After all three are bankrupted and resolved, maybe yes.
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    2 Comments
    • aONEinvestor1 years ago
      एक खवहश हमर और बस उस पर दम नकल 😀😀😀😀
      Ek khawaish hamari aur bas usi par dam nikle
  • Originally Posted by Truenity


    I don't have the time to watch interviews of defaulters.
    If you want to know how much money Vijay Mallya owes banks, will you take his word for it or those of the banks he owes money to.


    interesting Sir no time to watch them but plenty of time to analyse them and rubbish them, think for many months now.
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    1 Comments
    • ashishew1 years ago
      Spot on. Awesome burn
  • Originally Posted by Tindin


    interesting Sir no time to watch them but plenty of time to analyse them and rubbish them, think for many months now.

    Yes I was the only one on the forum who predicted the inevitable bankruptcy.
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    1 Comments
    • Vbb1281 years ago
      And what is your prediction on all the other real estate developers in India? Suggest you also write on the other threads so ignorant investors can get educated
  • Originally Posted by Truenity

    Like I said earlier, it is better to keep quiet and be thought a fool than to open your mouth and remove all doubt.

    You have absolutely no idea what you are talking about. 6000 cr is the total annual revenue the company is hoping to target and not the debt.


    Listen again..... गांधीजी once said बुरा मत सुनो but u follow कुछ मत सुनो 😀😀😀😀😀
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  • Originally Posted by Truenity


    I don't have the time to watch interviews of defaulters.
    If you want to know how much money Vijay Mallya owes banks, will you take his word for it or those of the banks he owes money to.


    Ur don't have time to listen but u have time to write messages here.... U can open ur mouth without even bothering to listen

    "Like u said earlier, it is better to keep quiet and be thought a fool than to open your mouth and remove all doubt."


    Now u comparing mallaya with Gaur.... I can now understand ur level of logic... One who is a abscondar n one who is taking full responsibility n correcting his mistakes r same..... Bravo!!!!

    Let ppl judge who they wanna follow.

    '​​​​​​​सुनो सबकी करो मन की'
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  • Originally Posted by Tindin


    interesting Sir no time to watch them but plenty of time to analyse them and rubbish them, think for many months now.


    Spot on😁😁😁😁
    धो डाला
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  • Originally Posted by Truenity

    Yes I was the only one on the forum who predicted the inevitable bankruptcy.


    Showing Bankruptcy of ur logic.... Jaypee coming out strongly of debt issues n u pat ur self for predicting the inevitable bankruptcy of the group.

    May God bless u n ur family!!!!
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