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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

Last updated: August 17 2020
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  • Re : Jaypee Greens Wishtown, Noida

    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/

    Comment


    • Re : Jaypee Greens Wishtown, Noida

      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

      Comment


      • Re : Jaypee Greens Wishtown, Noida

        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.

        Comment


        • Re : Jaypee Greens Wishtown, Noida

          Originally posted by noida2gn7 View Post
          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/bus...l-2315399.html

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

          Comment


          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by aONEinvestor

            http://www.moneycontrol.com/news/bus...l-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.

            Comment


            • Re : Jaypee Greens Wishtown, Noida

              Originally posted by Truenity View Post
              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.

              Comment


              • Re : Jaypee Greens Wishtown, Noida

                Is 6000 Cr total debt on all three(JP Associates, JP Infra and JP Power) ?

                Comment


                • Re : Jaypee Greens Wishtown, Noida

                  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.

                  Comment


                  • Re : Jaypee Greens Wishtown, Noida

                    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.

                    Comment


                    • Tindin
                      Tindin commented
                      Editing a comment
                      That looks to be your dream Sir

                    • aONEinvestor
                      aONEinvestor commented
                      Editing a comment
                      एक खवहश हमर और बस उस पर दम नकल 😀😀😀😀
                      Ek khawaish hamari aur bas usi par dam nikle

                  • Re : Jaypee Greens Wishtown, Noida

                    Originally posted by Truenity View Post

                    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.

                    Comment


                    • ashishew
                      ashishew commented
                      Editing a comment
                      Spot on. Awesome burn
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