Reliance Results in Graphs. I think this is the best way to view these things. Revenues are up, Profits are down. And they’ve kinda sorta killed their EPS growth: And while revenues in Refining have gone up substantially, EBIDTA on each operating segment has gone down: They have some serious cash now (after they got [...]

Posted in Charts, Credit Repair, Dec2011, Reliance Comments Off

The last time Reliance bought back shares was in 2004-05, when they bought just Rs. 150 cr. worth shares. The actual announcement was in December: Max amount to be used: Rs. 2999 cr. Max price to be paid: Rs. 570. (The share has gone through one bonus issue, so effective comparable price today is Rs. [...]

Posted in Credit Repair, Reliance Comments Off

Reliance Industries has said it will consider a share buyback in its Friday board meeting, and the stock went up 5% to 780. The theory is that Reliance will use its huge cash reserves – over 85,000 crore – to buy back about 10,000 to 12,000 cr. worth of stock. They will do this using [...]

Posted in Credit Repair, Reliance, Stocks Comments Off

Reliance Industries (RIL) has sold its stake in media entity Eenadu to TV18, in a convoluted complicated deal quite characteristic of RIL and TV18. Let me help you decode. First, the more recognized sources: Medianama’s Low-Down DealCurry’s analysis Times Of India Network18 and TV18 Press Release (Network18 is the parent of TV18) Reliance Industries Press [...]

Posted in Credit Repair, Network18, Reliance, WTF Comments Off

After a reasonable performance by Infosys, Reliance has provided a decent set of numbers. Reliance has the highest weight of any stock in both the Sensex and the Nifty. I’ll do this through a lot of charts. Not only is text less intuitive, the graphs provide a far better frame of reference.Revenues and profits Revenue’s [...]

Posted in Credit Repair, Reliance, Results, Sep2011, Slider Comments Off

A fallout of the Libyan Crisis is that Saudi Arabia is taking up the slack. Except, it can’t easily replace Libyan Crude. “Libya is a producer of light, sweet crude,” says Andy Lipow, president of Lipow Oil Associates, a Houston consultant. “…

Posted in Credit Repair, Reliance, Stocks Comments Off

BP will pay $7.2 billion to Reliance Industries to take 30% stake in 23 oil and gas blocks, and another $1.8 bn based on performance. This is the second BP deal worldwide, after a $8 bn equity swap with Rosneft in Russia. BP will also set up a 50:50 jo…

Posted in Credit Repair, Reliance, Stocks Comments Off

In 2007, RELIANCE (RIL) sold shares it owned in Reliance Petroleum Limited (RPL) for 223 rupees. The share eventually fell back to 70 in late 2008, and recovered to 130 levels when it was merged with RIL – 1 share of RIL for 16 of RPL, which trans…

Posted in Credit Repair, Reliance, Stocks Comments Off

Reliance Industries (RIL) has been continuously going south the last few days and this warrants some attention. This is what Reliance Looks Like: This is quite amazing really – six continuous down days, kissing the lower Bollinger band, way below…

Posted in Credit Repair, Reliance Comments Off

Reliance Industries today sold 2,675 cr. of its own stock at an average price of 1,035 per share, to fund . LiveMint says the money will most likely go to fund the LyondellBasell acquisition ($10-12 billion, or 45-55K cr). Treasury stock is when a com…

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