This is most talked abt topic in Gambling world these days. Poker relatively newer to Indians but is being considered as Boom with more and more peoples rush Goa to play it live.

I hope I m wrong with the count and Re manages to hold 52.

I guess this has given a great opportunity in investing in India’s leading bond market placer A.K. Capital. For past 5 years it has been ranked No.1 bond placer by Prime Database. Its Sales have increased from 46 cr in 2007 to 153 cr in 2011. While net profit from 21 lakhs to 50 cr. for same period.

This is stunning performance but since last sep it has been struggling due to many factors

1. As mentioned earlier rise in inflation and interest rates have badly effected thier performance.

2. News of their involvement in housing loan scam together with LIC housing and Money Matters. Although management has clarified that they are not involved in such an act and there were no enquires or charges by CBI towards them.

3. Even Mr. White & White has sold out his stake completely ( or may be now he holds less than 1% which was around 2.5% previously).

As a result stock has tanked from 900 odd to 230 today. At 230 it has market cap of 140cr. This according to me is a classic case of Cash bargain as they have investments of 170Cr. and completely debt free as per their latest quarterly results.

Its quite clear that interest rates are not going to be as high as its now going forward. Its almost at its peak of its cycle and should start falling down with inflation from next year. As for their image getting tainted due to scam , I recently read an article where officials of ministry of Finance discussed with representatives of financial institutions like Morgan Stanley, ICICI Securities, PNB Gilts, Tata Group and AK Capital, on the steps for boosting corporate bond market. This gave me enough confidence that they are still the prefered one’s.