ZEEL Q1FY21 : Band-aid on something that needs stitches

Q1 FY21 results of Zee entertainment was an exercise by management in trying to shore up investor confidence in governance and give some straws of hope to the few bullish analyst and investors to hang on. Governance building measures: Isn’t good faith enough? Company committed to Qtrly disclosures of balance sheet and Zee5 data along [...]

House Money Effect: Why I watched Cricket World cup for a Lakh and A Fund Manager Sold his house?

In 2011 cricket world cup, India had entered the Quarter finals in World cup and I fancied a chance of India reaching the finals to be played on Wankhede.  I reached out to a close friend with strong connects and was able to source tickets for World cup final whose MRP was Rs 7k each [...]

Poker or Investing – The Tough Task of not being Result oriented

Years ago investor Mohnish Pabrai lost big on an investment in a troubled lender called Delta Financial. Soon after he did an interview with SmartMoney magazine: SmartMoney: How do you deal with Delta Financial, profession- ally and personally?Pabrai: Investing is a game of probability. Sometimes when you make favorable bets, you still lose them. Even [...]

ZEEL Stake sale- Financial or Strategic Partner. Which Augurs better?

Zee stake sale of upto 50% of promoters holding is likely to be concluded soon as per promoter’s statements in investor concall and on an interview with CNBC. https://www.cnbctv18.com/videos/business/zee-entertainment-stake-sale-to-conclude-by-early-july-says-ceo-punit-goenka-3489961.htm Also, the promoters mentioned that they have one binding agreement and expecting another after which the family will decide.  One of them is financial investor and [...]