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Subsy investment

Discussion in 'Fundamental Analysis' started by banerjee84, Jun 21, 2020.

  1. banerjee84

    banerjee84 New Member

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    I thought of you when I read this quote from "Right Stock at Right Price for Right Time" by Shabbir Bhimani -

    "One more important aspect to look into the annual reports is does the promoter hold a company that is in similar in business as the listed company or not. If yes, it is a big no for me to consider investing."

    Plz explain with example

    Sent from my vivo 1851 using DIY Technical Analysis mobile app
     
    banerjee84, Jun 21, 2020
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  2. shabbir

    shabbir Administrator Staff Member

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    Ideally, a promoter shouldn't have 2 companies in the similar business. They should ideally be merged or one to become subsidiary of others.

    If it doesn't happen then things looks phishy.
     
    shabbir, Jun 22, 2020
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