Tema: PPCC-Pisitófilos Creditófagos-Invierno 2022

[Asdrúbal el Bello]

El momento impensable se está acercando. Que no tengamos que abrir un día con esto.

https://www.youtube.com/watch?v=bpQ9Bn8DR74

[Benzino Napaloni]

El momento impensable se está acercando. Que no tengamos que abrir un día con esto.

https://www.youtube.com/watch?v=bpQ9Bn8DR74

No va a ocurrir.

A Rusia ya se le ha dicho que avise cuando se canse y se quiera rendir, mientras se le va desgastando poco a poco. Los nukes no los van a soltar, porque si lo hacen, Rusia está borrada del mapa minutos después.

Esta vez no hay ningún Múnich 1938 ni el ultimátum de septiembre de 1939. No hay color entre las capacidades militares de uno y otro, Rusia es un desastre absoluto.

Quién lo iba a decir, muchas décadas después se ve bastante más claro que la URSS no habría hecho lo que hizo sin los suministros americanos.


El tío Sam no será un angelito... pero las alternativas ahí las tenemos. Un dictador en la práctica en un país hipercorrupto, y otra potencia que ha sabido ser más lista, pero también mucho más HDP con sus propios ciudadanos.

[wanderer]

Además tenemos esto:

DESPOBLACIÓN EN LA ESTEPA
Rusia se está transformando en la nueva Soria y "no podrá hacer nada para remediarlo"
Todos los indicadores demográficos pronostican un futuro negro para Rusia. Los nacimientos, las defunciones, la edad media... todos estos datos no son los mejores aliados de Moscú
https://www.elconfidencial.com/mundo/2023-01-28/rusia-putin-demografia-convirtiendo-nueva-soria_3559223/

Aunque Rusia pueda apuntarse algunas victorias pírricas en su haber, a largo e incluso a medio plazo su derrota será absoluta; ahora se trata de garantizar que así mismo sea derrotada en el corto plazo.

Si acepta eso, aún podrá salvar mal que bien los muebles, Si no, pues se convertirá en un despojo del cual tomarán China, EEUU y la UE los despojos (y en ese orden).

[sudden and sharp]

Además tenemos esto:

DESPOBLACIÓN EN LA ESTEPA
Rusia se está transformando en la nueva Soria y "no podrá hacer nada para remediarlo"
Todos los indicadores demográficos pronostican un futuro negro para Rusia. Los nacimientos, las defunciones, la edad media... todos estos datos no son los mejores aliados de Moscú
https://www.elconfidencial.com/mundo/2023-01-28/rusia-putin-demografia-convirtiendo-nueva-soria_3559223/

Aunque Rusia pueda apuntarse algunas victorias pírricas en su haber, a largo e incluso a medio plazo su derrota será absoluta; ahora se trata de garantizar que así mismo sea derrotada en el corto plazo.

Si acepta eso, aún podrá salvar mal que bien los muebles, Si no, pues se convertirá en un despojo del cual tomarán China, EEUU y la UE los despojos (y en ese orden).

Ya veremos en qué orden... cuando hasta el Tibet los manda a la mierda:

https://twitter.com/kozako01/status/1619755987208118272

[Cadavre Exquis]

https://elpais.com/economia/2023-01-29/el-enfado-cuando-la-nomina-no-crece-pese-al-subidon-de-precios-se-te-quitan-las-ganas-de-trabajar.html

Saludos.

[Derby]

Un par de pinceladas del asunto Adani (conglomerado empresarial indio) que ha ocupado la prensa económica internacional de estos días.

https://www.reuters.com/business/adanis-25-billion-share-sale-faces-crucial-day-after-indian-rout-2023-01-29/

Adani's $2.5 billion share sale faces crucial day after rout

NEW DELHI, Jan 29 (Reuters) - Gautam Adani faces a critical day on Monday with his flagship company's $2.5 billion share sale's second day of bidding overshadowed by a $48 billion rout in the Indian billionaire's stocks which was sparked by a U.S. short seller's report.

Seven listed companies belonging to the Adani conglomerate, which is led by Asia's richest man, saw sharp falls in their values after Hindenburg Research report last week flagged concerns about high debt levels and the use of tax havens.

Adani Group issued a detailed response late on Sunday, saying it complies with all local laws and had made necessary regulatory disclosures. It has called the report baseless and said it was considering taking action against Hindenburg.

For 60-year-old Adani, the stock market meltdown has been a dramatic setback for a school-dropout who rose swiftly in recent years to become the world's third richest man, before slipping to rank seventh on the Forbes list last week.

The secondary share sale by Adani Enterprises (ADEL.NS) opened for retail and institutional investors on Friday, but saw only 1% subscriptions as the company's stock fell 11% below the minimum offer price.

Adani Group told Reuters in a statement on Saturday that the sale remains on schedule at the planned issue price, even as sources said bankers on the country's largest secondary share sale were considering extending the timeline beyond Jan. 31, or tweaking the price due to the fall in its share price.

"It is important for the Adani Group to ensure the share sale goes through -- If they stick to the price and don't reduce it, and the stock doesn't bounce back, nobody will be keen to apply," said Mumbai-based market analyst, Ambareesh Baliga, who advises various family offices.

"Monday's trade will be critical."

In a separate statement on Sunday, Adani Group's chief financial officer Jugeshinder Singh said it is focused on the share sale and is confident it will sail through. He also said its anchor investors have shown faith and remain invested.

'FREE FALL'

Some Adani Group stocks have surged more than 1,500% in the last three years amid aggressive expansion in businesses that include ports, power generation, airports and mining.

Adani Enterprises has set a floor price of 3,112 rupees per share and a cap of 3,276 rupees for the secondary share sale - well above their close of 2,761.45 rupees on Friday.

Arun Kejriwal, founder of Kejriwal Research & Investment, said investors were likely to wait until the last day of the share sale to see if the price band is tweaked.

"I expect that the free fall seen of Friday may abate but recovery back towards a level prior to this fall may be difficult," he added.

Indian regulations say the share offering must receive minimum subscription of 90%, and if it does not the issuer must refund the entire amount.

Maybank Securities and Abu Dhabi Investment Authority are among investors who bid for the anchor portion of the issue.

On Saturday, index provider MSCI said it was seeking feedback from market participants on Adani and was monitoring the factors that "may impact the eligibility of those relevant securities" in MSCI indexes.

There are at least six Adani Group companies in the MSCI India Index, with a cumulative weight of 4.31%.

https://www.bloomberg.com/opinion/articles/2023-01-29/adani-short-seller-hindenburg-has-opened-a-pandora-s-box-on-india

Adani Short Seller Has Opened a Pandora’s Box

Adani Short Seller Has Opened a Pandora’s Box

Fleeing from China’s incessant drama, global investors have been seeking the comfort of India, a fast-growing neighbor with a younger population and brighter prospects. But a high-profile short-seller report on Adani Group and Asia’s richest man rattled them. New York-based Hindenburg Research has opened a Pandora’s Box on India — and more broadly, on emerging markets, which have been seeing near-record inflows this year.

Hindenburg is not your ordinary research outlet. It is well-respected in New York’s finance circles. Its founder Nathan Anderson had worked with Harry Markopolos, the analyst who uncovered Bernie Madoff’s Ponzi scheme. Even activist hedge fund billionaire Bill Ackman voiced his support on Twitter, calling the bearish report “highly credible and extremely well researched.” So when Hindenburg describes the company’s dealings as the “largest con in corporate history,” US-based money managers will at least read the first few pages of its report.

What they’ve read is deeply unsettling, but eerily familiar. The auditor for billionaire Gautam Adani’s flagship Adani Enterprises Ltd. is a tiny firm with no current website and a dozen employees; a labyrinth of shell companies — offshore entities in particular — was used for stock manipulation and money laundering, according to Hindenburg. Adani Group said it’s exploring legal action over what it described as Hindenburg’s “maliciously mischievous, unresearched” report.

Global investors have heard these allegations before, but mostly from other nations. China, for instance, just finished a world-famous spat with the US over accounting quality, with the latter demanding the rights to audit New York-listed Chinese companies. Meanwhile, its big corporates are adroit users of offshore shells. Chinese real-estate developers have deployed them to issue off-balance-sheet debt that circumvented the scrutiny of regulators and accountants.

But allegations of these dirty governance tactics coming from India? That surely hurts foreigners’ investment thesis for the nation of 1.4 billion. Judging by their portfolio flows, global investors turned bullish on Indian stocks in the second half of 2022.

So far, the unwind has been swift. In the two trading sessions after the Hindenburg report’s publication on Tuesday evening in the US, Adani’s corporate empire lost more than $50 billion of market value.

So far, the unwind has been swift. In the two trading sessions after the Hindenburg report’s publication on Tuesday evening in the US, Adani’s corporate empire lost more than $50 billion of market value.

As such, the Hindenburg report is a wake-up call. It is a reminder that India Inc. may well not be as sunny as it looks from thousands of miles away. One of its biggest conglomerates is alleged to have used the same dirty tactics as Chinese companies to cement control, boost its valuation and fuel its expansion with debt. In other words, India is just like any other emerging market, except with a loftier valuation. But does it deserve that premium?

Hindenburg is now forcing global investors to ask that question.

[Cadavre Exquis]

https://twitter.com/Noval33t/status/1616137824117424130

Saludos.

[Saturio]

Un par de pinceladas del asunto Adani (conglomerado empresarial indio) que ha ocupado la prensa económica internacional de estos días.

https://www.reuters.com/business/adanis-25-billion-share-sale-faces-crucial-day-after-indian-rout-2023-01-29/

Adani's $2.5 billion share sale faces crucial day after rout

NEW DELHI, Jan 29 (Reuters) - Gautam Adani faces a critical day on Monday with his flagship company's $2.5 billion share sale's second day of bidding overshadowed by a $48 billion rout in the Indian billionaire's stocks which was sparked by a U.S. short seller's report.

Seven listed companies belonging to the Adani conglomerate, which is led by Asia's richest man, saw sharp falls in their values after Hindenburg Research report last week flagged concerns about high debt levels and the use of tax havens.

Adani Group issued a detailed response late on Sunday, saying it complies with all local laws and had made necessary regulatory disclosures. It has called the report baseless and said it was considering taking action against Hindenburg.

For 60-year-old Adani, the stock market meltdown has been a dramatic setback for a school-dropout who rose swiftly in recent years to become the world's third richest man, before slipping to rank seventh on the Forbes list last week.

The secondary share sale by Adani Enterprises (ADEL.NS) opened for retail and institutional investors on Friday, but saw only 1% subscriptions as the company's stock fell 11% below the minimum offer price.

Adani Group told Reuters in a statement on Saturday that the sale remains on schedule at the planned issue price, even as sources said bankers on the country's largest secondary share sale were considering extending the timeline beyond Jan. 31, or tweaking the price due to the fall in its share price.

"It is important for the Adani Group to ensure the share sale goes through -- If they stick to the price and don't reduce it, and the stock doesn't bounce back, nobody will be keen to apply," said Mumbai-based market analyst, Ambareesh Baliga, who advises various family offices.

"Monday's trade will be critical."

In a separate statement on Sunday, Adani Group's chief financial officer Jugeshinder Singh said it is focused on the share sale and is confident it will sail through. He also said its anchor investors have shown faith and remain invested.

'FREE FALL'

Some Adani Group stocks have surged more than 1,500% in the last three years amid aggressive expansion in businesses that include ports, power generation, airports and mining.

Adani Enterprises has set a floor price of 3,112 rupees per share and a cap of 3,276 rupees for the secondary share sale - well above their close of 2,761.45 rupees on Friday.

Arun Kejriwal, founder of Kejriwal Research & Investment, said investors were likely to wait until the last day of the share sale to see if the price band is tweaked.

"I expect that the free fall seen of Friday may abate but recovery back towards a level prior to this fall may be difficult," he added.

Indian regulations say the share offering must receive minimum subscription of 90%, and if it does not the issuer must refund the entire amount.

Maybank Securities and Abu Dhabi Investment Authority are among investors who bid for the anchor portion of the issue.

On Saturday, index provider MSCI said it was seeking feedback from market participants on Adani and was monitoring the factors that "may impact the eligibility of those relevant securities" in MSCI indexes.

There are at least six Adani Group companies in the MSCI India Index, with a cumulative weight of 4.31%.

https://www.bloomberg.com/opinion/articles/2023-01-29/adani-short-seller-hindenburg-has-opened-a-pandora-s-box-on-india

Adani Short Seller Has Opened a Pandora’s Box

Adani Short Seller Has Opened a Pandora’s Box

Fleeing from China’s incessant drama, global investors have been seeking the comfort of India, a fast-growing neighbor with a younger population and brighter prospects. But a high-profile short-seller report on Adani Group and Asia’s richest man rattled them. New York-based Hindenburg Research has opened a Pandora’s Box on India — and more broadly, on emerging markets, which have been seeing near-record inflows this year.

Hindenburg is not your ordinary research outlet. It is well-respected in New York’s finance circles. Its founder Nathan Anderson had worked with Harry Markopolos, the analyst who uncovered Bernie Madoff’s Ponzi scheme. Even activist hedge fund billionaire Bill Ackman voiced his support on Twitter, calling the bearish report “highly credible and extremely well researched.” So when Hindenburg describes the company’s dealings as the “largest con in corporate history,” US-based money managers will at least read the first few pages of its report.

What they’ve read is deeply unsettling, but eerily familiar. The auditor for billionaire Gautam Adani’s flagship Adani Enterprises Ltd. is a tiny firm with no current website and a dozen employees; a labyrinth of shell companies — offshore entities in particular — was used for stock manipulation and money laundering, according to Hindenburg. Adani Group said it’s exploring legal action over what it described as Hindenburg’s “maliciously mischievous, unresearched” report.

Global investors have heard these allegations before, but mostly from other nations. China, for instance, just finished a world-famous spat with the US over accounting quality, with the latter demanding the rights to audit New York-listed Chinese companies. Meanwhile, its big corporates are adroit users of offshore shells. Chinese real-estate developers have deployed them to issue off-balance-sheet debt that circumvented the scrutiny of regulators and accountants.

But allegations of these dirty governance tactics coming from India? That surely hurts foreigners’ investment thesis for the nation of 1.4 billion. Judging by their portfolio flows, global investors turned bullish on Indian stocks in the second half of 2022.

So far, the unwind has been swift. In the two trading sessions after the Hindenburg report’s publication on Tuesday evening in the US, Adani’s corporate empire lost more than $50 billion of market value.

So far, the unwind has been swift. In the two trading sessions after the Hindenburg report’s publication on Tuesday evening in the US, Adani’s corporate empire lost more than $50 billion of market value.

As such, the Hindenburg report is a wake-up call. It is a reminder that India Inc. may well not be as sunny as it looks from thousands of miles away. One of its biggest conglomerates is alleged to have used the same dirty tactics as Chinese companies to cement control, boost its valuation and fuel its expansion with debt. In other words, India is just like any other emerging market, except with a loftier valuation. But does it deserve that premium?

Hindenburg is now forcing global investors to ask that question.

A Adani le están haciendo un Gowex.

[senslev]

Esto pasa por querer vivir en Mierdrid, es culpa suya, se tendría que haber ido a un puto pueblo medio abandonado. Los jóvenes y no tan jóvenes lo quieren todo, de verdad...Incluso veo que quieren comer tres veces al día, ¡tres veces! y encima seguro que no le gustan las barritas hechas con larvas de escarabajo pelotero, hay que joderse.

[Cadavre Exquis]

https://www.eleconomista.es/mercados-cotizaciones/noticias/12125959/01/23/El-mercado-confia-en-que-el-BCE-baje-el-balance-a-5-billones-pero-a-largo-plazo.html

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/vivienda-inmobiliario/noticias/12127426/01/23/El-precio-del-alquiler-forzara-a-Sanchez-a-tomar-mas-medidas-para-bajar-el-IPC.html

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/economia/noticias/12127441/01/23/EEUU-presiona-a-China-para-que-no-comercie-con-petroleo-irani-ni-con-Rusia.html

Saludos.

[Cadavre Exquis]

https://www.expansion.com/economia/financial-times/2023/01/27/63d3f4a3e5fdea1e048b45fd.html+

Saludos.

[Cadavre Exquis]

https://www.expansion.com/directivos/2023/01/30/63d6d464468aebc1408b45dd.html

Saludos.

[Cadavre Exquis]

https://www.expansion.com/empresas/2023/01/30/63d69110e5fdea1c048b45b3.html

Saludos.