In a board meeting, Indo Asian Fusegear has decided to buy back shares at a price upto Rs. 130 from the market, for a total amount of Rs. 23.19 crore. This is a terribly disappointing strategy for multiple reasons. It’s inadequate. The current price is Rs. 80, and even at this price they will be [...]

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I’ve been updating a Live post on Indo Asian FuseGear where the company has more than 2x of its market cap in cash, and is an interesting stock. In May, in a board meeting, they decided to merge with a promoter owned arm, Indo Asian Marketing, at a share swap ratio that seemed, to me, [...]

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Update 12 May 2011: HUGE Change, potential siphoning off situation. Promoters have decided to merge Indo Asian Fusegear with a promoter owned firm, Indo Asian Marketing Pvt. Ltd. Remember, the marketing co. got 35 cr. as a fee (VC Circle). Announce…

Posted in Credit Repair, INDOASIFU, Stocks Comments Off

CNBC TV-18 has an interesting two part discussion on slump sales. They run through the three fundamental ideas I’ve had recently – Indo Asian Fusegear (sold chunk to Legrand), SmarkLink (sold 90% – they say – to Schneider) and Piramal Healthcare (sold …

Posted in Credit Repair, INDOASIFU, PIRHEALTH, SMARTLINK Comments Off