Just curios, why they issued “foreign currency convertible bonds”. That seems a little unusual, especially 400 Cr. under this category.
Wonder which foreign investors will invest in their FCCB’s? Keeping in mind recent developments (default ratings,cg issues, current debt,liquidity issues)
We expect liquidity challenges for next the 90 days till when credit rating agencies can review their outlook.
When asked if the pressure of BluSmart’s operations was being borne by Gensol Engineering’s balance sheet, Jaggi said the arrangement was already in the process of being wound down. He said the company’s solar project contracting business was secure and had predominantly public sector companies as customers.
“From April 1, 2024, no additional vehicles have been leased from Gensol Engineering to BluSmart,” he said. “Also 3,000 vehicles are being sold out of those 5,500.”
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@Santhoshinvest - It need courage to accept mistakes. Bravo.
I also made similar mistakes, not in gensol but in other stocks due to my “high conviction”. High conviction is like positive thinking, marketed by so called motivational speaker. High conviction blocks our mind from negative apsects and we are so connected to idea and not able to judge / research / listen negative aspects of idea/stocks. So as per me we should have reasonable conviction and should have doubt in our conviction which enable us to go deep with balance mindset. Just my thought, think to share with vp friends.
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Totally agree with you if I have done deep dive on balance sheet instead of listening to management interviews and concall my decision could have been different with gensol
Now I realised even listening to too much of management talks is not good as it makes u biased
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Did he respond any thing on the 250cr cash on balance sheet that’s missing ?
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I think order book is manipulated because there released too order books in October and November and both have different orders and values so it didn’t make any sense
It could be in range of 4000-5000cr in my opinion
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They got two order of 1,000 Cr each in December and January
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More lenders will dispose shares in open market, if jaggi fails to raise capital, or so the stake sale asap, payment debt and release the pledge.
Wise to stay a million miles away, unless above isn’t done( transacted), promoter may say he will do, this and that and might promise to be debt free in stories, but no one believes his word.
Once these transactions happen, only then one may consider stock worth looking at.
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EGM on Apr12th. Agenda: to consider 200 crores warrants (at 560 per share vs current price of 248) and split 10:1
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@naruto Amazing Analysis…I had the similar thoughts when gensol started changing their financial to justify valuation and yet no big player started buying. Its really great how you predicted long back.
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