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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

Last updated: 1 week ago
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  • Re : Jaypee Greens Wishtown, Noida

    Originally posted by bhuwan View Post

    Why did they buy cheap ? They are not fools ... one stay order from court and whtever u plan w.r.t. aggressive liquadation gets doomed.
    If i buy today something in JP cheap ! Am i not investing in JP ?

    these funds have only one rule ... to make profit ... if it means they need to add some more liquidity into JP so be it... in todays scenario this is the only way for jaypee to come out of this mess and pay back to all lenders.
    Wait out couple of months and you will see the difference on ground.
    And jp does not have to come out of the mess for the lenders to be paid. The lenders can just sell off whatever assets they can, get their money back and leave the mess behind, which is exactly what they are trying to do by selling off the best operating assets.

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    • Re : Jaypee Greens Wishtown, Noida

      Originally posted by Truenity View Post

      And jp does not have to come out of the mess for the lenders to be paid. The lenders can just sell off whatever assets they can, get their money back and leave the mess behind, which is exactly what they are trying to do by selling off the best operating assets.
      Its not so easy like u said... JP defaulted approx 4.5k CR as on last year... against this they have already sold assets worth approx 23k CR this year... enough to survive for a few more years....
      There is no need to sell anything more right now... they need to consolidate for 3-4 quarters after completion of this years disinvestments and then take a call.

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      • Re : Jaypee Greens Wishtown, Noida

        Originally posted by bhuwan View Post

        Its not so easy like u said... JP defaulted approx 4.5k CR as on last year... against this they have already sold assets worth approx 23k CR this year... enough to survive for a few more years....
        There is no need to sell anything more right now... they need to consolidate for 3-4 quarters after completion of this years disinvestments and then take a call.
        Well, sorry for saying so, but it seems you have absolutely no idea how things work. The assets they have sold already have loans attached to them and jp is only getting rid of those loans and not getting a single paisa in cash. The default amount is cash that jp needed to pay in interest and principal repayments due immediately. Since jp did not receive any cash from those asset sales , it will still be in default on that amount.

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        • Re : Jaypee Greens Wishtown, Noida

          There is gross misunderstanding by some people about JP's asset sale. This money does not belong to JP and JP is not getting a penny from these sales. All this money is going in the coffers of creditors.

          Forget about 23000 crore, JP is having very hard time just to raise 350 crore to start construction in pending WT.

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          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by Bharatiya View Post
            There is gross misunderstanding by some people about JP's asset sale. This money does not belong to JP and JP is not getting a penny from these sales. All this money is going in the coffers of creditors.

            Forget about 23000 crore, JP is having very hard time just to raise 350 crore to start construction in pending WT.
            According to post or one member imperialnoid they are providing lowest possible quality finish even in their premium apartments and even unfinished apartments because some contractors have run away as they were not paid.

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            • Re : Jaypee Greens Wishtown, Noida

              Originally posted by bhuwan View Post
              How is it BAD news ? Ask urself the question why did they invest ? if they are so mean they will definitely not throw their money down the drain!!!
              Ans-- As per their analysis this investment in JP can provide very good returns in short term.
              ok but How ?
              Ans-- Clearly they also believe issue with JP is more of cash flow and if they put adequate amount of liquidity with the company then they can walk off with upto 100% returns on their investment in next 2 years.

              I had heard this news sometime back (2- 3 months) that a foreign fund ( from EAST ) is looking to invest in JP.. may be this is the one. If this is true, in my opinion cash flow problems of JP will be resolved. This will lead to increase in prices accross all JP properties.
              Originally posted by bhuwan View Post

              Why did they buy cheap ? They are not fools ... one stay order from court and whtever u plan w.r.t. aggressive liquadation gets doomed.
              If i buy today something in JP cheap ! Am i not investing in JP ?

              these funds have only one rule ... to make profit ... if it means they need to add some more liquidity into JP so be it... in todays scenario this is the only way for jaypee to come out of this mess and pay back to all lenders.
              Wait out couple of months and you will see the difference on ground.
              brother, SSG has not invested in Jaypee or added any liquidity. Infact, they are doing quite the opposite. They have bought the debt collection rights from Standard Chartered Bank and are now going to extract whatever they can from Jaypee to make their money back. Sometimes these funds take management control before dismantling the company and selling whatever they can.

              Assuming the bank had give 100 rupees loan to Jaypee, SSG has paid 40 rupees to the bank and taken the rights. Now their aim is to extract anything more than 40 bucks from Jaypee by confiscating their assets and selling them. They don't care if they sell one of Jaypee's assets worth 200 rupees for 50 rupees. By selling anything for 50 rupees, they will make a profit of 25% on their investment of 40 rupees. 20-25% returns is what most of these vulture funds aim for. They are just glorified debt collection agents who are not afraid to get their hands dirty.

              Also, funds like SSG don't care if other lenders/contractors/customers get their money back. They will extract their pound of flesh and go back to Hong Kong.
              Last edited September 16 2016, 07:08 AM.

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              • Re : Jaypee Greens Wishtown, Noida

                Originally posted by youngmoney View Post



                brother, SSG has not invested in Jaypee or added any liquidity. Infact, they are doing quite the opposite. They have bought the debt collection rights from Standard Chartered Bank and are now going to extract whatever they can from Jaypee to make their money back. Sometimes these funds take management control before dismantling the company and selling whatever they can.

                Assuming the bank had give 100 rupees loan to Jaypee, SSG has paid 40 rupees to the bank and take the rights. Now their aim is to extract anything more than 40 bucks from Jaypee by confiscating their assets and selling them. They don't care if they sell one of Jaypee's assets worth 200 rupees for 50 rupees. By selling anything for 50 rupees, they will make a profit of 25% on their investment of 40 rupees. 20-25% returns is what most of these vulture funds aim for. They are just glorified debt collection agents who are not afraid to get their hands dirty.

                Also, funds like SSG don't care if other lenders/contractors/customers get their money back. They will extract their pound of flesh and go back to Hong Kong.
                Also, it is important to note that the most they will get back is 100. So they have no incentive at all to sell something for more than 100 even if it is worth 1000.

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                • Re : Jaypee Greens Wishtown, Noida

                  Wow !!! Seems this SSG has got some special powers because they are foreign fund !!! And they can act independently on their own without consulting & caring for all other lenders mostly indian banks....
                  Crazy stuff !!! Carry on bashers ... Judgement ( dooms ) day is around ... soon wishtown will be burried 1000ft below sea level.

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                  • Re : Jaypee Greens Wishtown, Noida

                    Lets not mock or exaggerate the concern here . My takeaway will be that StanC has officially moved its loan from Non-performing to Non- Recoverable, selling it to a loan recovery fund, clearly highlighting how deep the issue with JP is. If a bank has no hopes of recovering its money, I wonder what are the chances for home buyers ? JP might not be but homebuyer's money will surely be buried forever

                    JP is a sinking ship, being in a complex and large sector like RE, they will sink slowly but surely. There might be few deliveries here and there in projects already close to completion, but that like that last bright flame of dying out lamp



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                    • Re : Jaypee Greens Wishtown, Noida

                      Originally posted by bhuwan View Post
                      ...And they can act independently on their own without consulting & caring for all other lenders mostly indian banks....
                      Yes they can. Instead of wasting your time on writing sarcastic posts, maybe you should brush up your finance knowledge. Your last few posts on this thread are full of inaccuracies, misleading information, and a general disdain for anyone who has anything to say against Jaypee. Looks like you are too high on Hopium to see the reality.

                      Standard Chartered Bank has given up hope of recovering anything from Jaypee. Looks like you are more informed and financially savvy than all their analysts and bankers combined.
                      Last edited September 16 2016, 10:42 AM.

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