Please read the DISCLAIMER at the bottom of the blog.

Rakesh Jhunjhunwala is considered to be the greatest investor in Indian Market. He is supposed to have made Rs 5000 crores by just investing Rs 5000 in Indian Stock Market. Rakesh Jhunjhunwala guru mantra to be successful in stock market is as enumerated below:

(a) He advises people to become interested in a stock when none is interested in the same stock. As per him BUY RIGHT & HOLD TIGHT for years to come. He has been holding few stocks for last 10 years and he is still minting money from those stocks.

(b) He further advises that one should not follow big investors blindly as their risk profile and long term goals with time frame may be difficult to be followed by retail investor.

(c) Market is supreme and every thing is reflected in the price and thus their is no point in fighting the trend as market is always right.

(d) One should be able to create a balance between the fear and greed.

(e) As per his words one has to learn the stock market trading as none can teach the market as stock market experience is the best teacher.

Thus follow Rakesh Jhunjhunwala advice in stock market, BE PATIENT and grow big like Warren Buffet or this iconic man from Dalaal Street.

If you subscribe to this blog with your email, you will get the post right in your INBOX moment it is posted on this blog. Do remember to activate the subscription in your email. GOOD LUCK.
There was an error in this gadget

Friday, November 21, 2008

Champagne Indage to buy UK Winery ( Champagne Indage is a part of Rakesh Jhunjhunwala portfolio)



Despite the crashing stock market and the global recession couple with liquidity crunch, India's largest wine producer, Champagne Indage ( Part of Rakesh Jhunjhunwala holding) is reported to have made a bid to buy Norfolk, UK- based winery Broadland Wineries, with a view to expand further in UK.

The group has made a formal offer through its UK subsidiary Indage UK. The deal has been accepted in principle by the seller company's shareholders and negotiations are at an advanced stage, according to a report.

Earlier this year, Indage had bought UK-based wine supplier, Darlington Wines in order to help strengthening its overseas presence. At the time, Indage Champagne had said it planned to acquire wine businesses in the UK, South Africa and South Australia.

Broadland wineries produces fruit wine and packages wines from all over the world into bottles and bag-in-box for wine growers, importers and merchants. It was in financial trouble a couple of years ago but used the services of a turnaround specialist in 2006. The company was brought back to profitability last year with a Top-line of about $30 million.

Ranjit Chougule, MD of Champagne Indage could not be contacted. However, McTear Williams & Wood, the company overseeing the sale, has confirmed that the deal should complete by mid-December.

The Loxton Indage deal, in the meanwhile has been kept on hold, as confirmed by both sides and reported earlier by delWine.
As per Sep 08 shareholding pattern, Rakesh Jhunjhunwala is holding 500000 shares of Champagne Indage

No comments:

DISCLAIMER

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.

Website hit counters