The India Fund Inc. announced its rights offering on Friday. Shareholders as of 3rd of July receive 1 right per share. For every three rights you can buy one share of IFN at 95% of NAV on Aug 4. As of Friday (16th Jun), the premium on IFN was 32%. Assuming this premium stays high until Aug 4, you have a significant return for using the rights offer to buy more India Fund.
Archive for the ‘What I watch’ Category
India Fund?? Intel Corp. & Advanced Micro devices
Posted June 14th, 2006 by Sidd | No CommentsIndia Fund is up almost 5% despite another drop in the Indian Indices, with the BSE ending below 9000. This generally indicates a positive start tomorrow for Indian indices.
INTC and AMD, both of which I mentioned yesterday are up over 3% after analyst upgrades.
Panera Bread, unfortunately is down to 61$, but well can’t have it all go up in a day, can I?
My Opinion on Intel Corp
Posted June 13th, 2006 by Sidd | No CommentsIntel Stock has been in the doldrums for a while. I figured 19$ was a bottom and acquired some INTC making it my third largest holding. Now it is sitting just over 17$, however I am hanging on to it. Average Analyst expectation according to Yahoo Finance is $23.81. My expectation is higher. With a [...]
TGT and Analysts
Posted June 9th, 2006 by Sidd | No CommentsTarget corp, one of my long term Large Cap holdings, has an average analyst price target of 62.50 according to Yahoo (it has been that much for a while now and TGT did touch $60 once). Recently Lazard Capital Markets upgraded its own target for Target to $63! Currently TGT is just under $50, a [...]
End of a losing Streak for India?
Posted June 9th, 2006 by Sidd | No CommentsToday the Indian market (^BSESN) jumped 514 points (5.5%). A similar gain is not noticed in the India Fund Inc. (IFN), probably because it did not fall yesterday along with the Indian markets. Does mean we will see continued improvements? Well, who knows. We saw several worse down days than today is an up day. [...]
Panera Bread
Posted June 7th, 2006 by Sidd | No CommentsIt seems I only cover IFN here, so here goes coverage for my second largest investment after IFN – Panera Bread (PNRA). Today Panera reported same store sales below the estimates from the two (yes only two) that cover the stock. This sent the stock tanking down 2% (was down as much as 4%) to [...]
India Fund Inc. Once More
Posted June 7th, 2006 by Sidd | No CommentsThe Indian stock market has taken more beatings over the last two days, sending IFN down along with it. The Indian index closed below 10000 again today and all gains since Jan 27 have been erased in just over a week.
Despite today’s 200 point drop, IFN has not similarly dropped possibly due to strangth in US markets and the fact that [...]
More on IFN and India
Posted May 22nd, 2006 by Sidd | No CommentsShares of The India Fund Inc. dropped 10% today after the Indian Stock market took another beating. The Indian stock market started up about 600 points, however it quickly dropped over 10% causing the markets to shutdown for an hour. The Finance Minister urged investors to stay invested in the market citing no change in Indias [...]
Another big drop in Indian markets
Posted May 19th, 2006 by Sidd | No CommentsThe Indian stock market dropped another 4% falling below 11000, after yesterdays 6% drop. What does this mean for India Fund Inc. holders? Well it probably means another drop today. Yesterday, I said it might be time to get into IFN, well today might be even better than yesterday to get in. I would also [...]
Stocks/Funds I Follow
Posted May 18th, 2006 by Sidd | 1 CommentHere are some stocks and Funds I follow because I own some in real life and some in my mimf contest portfolio:
IFN – The India Fund Inc.
PNRA – Panera Bread
TGT – Target
INTC – Intel
WB – Wachovia
GSK – Glaxo
GOOG – Google
AAPL – Apple
NSANY – Nissan
The other funds I own are index funds so they need no real following. If I find [...]
