acquisition of Be-Tabs Pharmaceuticals (Pty) Limited (“Be-Tabs”), in South Africa, for a total consideration of USD 70 Million (500 Million ZAR). The transactions, subject to requisite approvals from South Africa’s Competition Council authority, are expected to be completed in the first quarter of the year 2007.
Friday, December 01, 2006
RANBAXY ACQUIRES SOUTH AFRICAN FIRM
Ranbaxy Laboratories Limited (Ranbaxy), India’s largest pharmaceutical company, today announced the 
acquisition of Be-Tabs Pharmaceuticals (Pty) Limited (“Be-Tabs”), in South Africa, for a total consideration of USD 70 Million (500 Million ZAR). The transactions, subject to requisite approvals from South Africa’s Competition Council authority, are expected to be completed in the first quarter of the year 2007.
acquisition of Be-Tabs Pharmaceuticals (Pty) Limited (“Be-Tabs”), in South Africa, for a total consideration of USD 70 Million (500 Million ZAR). The transactions, subject to requisite approvals from South Africa’s Competition Council authority, are expected to be completed in the first quarter of the year 2007.
How broking firms turn small investors into day traders
Cut-throat competition among broking houses has resulted in brokerage rates falling to ridicul
ously low levels over the past few months. This is partly-good news for the small investors. But what is not so good for these investors is that brokerages are trying their best to make them trade as frequently as possible in order to make up for the low-broking charges. It may be in the form of a persuasive customer service representative, or a burst of sms and e-mail messages.
Broking business is getting competitive by the day, with one broker claiming to charge less than the competitor. But, in the end all charge more or less the same, often billing small retail investors through other charges. A few small retail investors ET spoke to mentioned that their trading frequency had certainly increased.
Mumbai based Rasik Shah, a 42-year-old small retail investor, who has been investing in equities from the past 10 years said, “Every time I call my broker (one among the top three retail brokerages), the customer service representative would not allow me to hang up the call unless I bought or sold something. And they are so convincing that one actually bites the bait.”
Bharat Dave, 37-year-old executive said, “We receive an overload of information from our broker on our mobiles, emails. And often we are lured to buy into their recommendations for a short time-frame.” Over the past one year, brokerage charges have almost halved to around 15-20 paise for Rs 100 worth of delivery trades and 3-5 paise for Rs 100 worth of intra-day trades. Also, retail investors are a fickle lot.
They come rushing in hordes during a booming market, and then vanish for months when the market corrects. So, brokerages have no option but to extract the maximum possible brokerage out of them when the going is good.
Almost all brokerage houses go a step further by offering small retail investors margin trading facility. Margin trading is the use of borrowed money to buy securities with the expectation of magnifying profits. It can lead to greater returns, but is also very risky. Brokerage houses, often, are more than happy to offer you margin. Sometimes these margins go up to five-times your portfolio size and are offered at interest rates as high as 18% per annum.
ET tried to speak to brokers. They denied the charges that they are converting small retail investors into traders. In fact, brokers mentioned that since they have the expertise through dedicated high quality research, they are offering a better chance for small retail investors to make money free of cost.
According to Gaurav Mashruwala, a certified financial planner, “The greed of quick returns is luring many small retail investors into trading. Investment in equities should be for the very long term, where returns are high and risks are lower. When one does day-trading, the probability of returns are very low, but the risks are very high. So, ideally, small retail investors must avoid getting into this trap of churning stocks very often.”
source:- economics times
ously low levels over the past few months. This is partly-good news for the small investors. But what is not so good for these investors is that brokerages are trying their best to make them trade as frequently as possible in order to make up for the low-broking charges. It may be in the form of a persuasive customer service representative, or a burst of sms and e-mail messages.Broking business is getting competitive by the day, with one broker claiming to charge less than the competitor. But, in the end all charge more or less the same, often billing small retail investors through other charges. A few small retail investors ET spoke to mentioned that their trading frequency had certainly increased.
Mumbai based Rasik Shah, a 42-year-old small retail investor, who has been investing in equities from the past 10 years said, “Every time I call my broker (one among the top three retail brokerages), the customer service representative would not allow me to hang up the call unless I bought or sold something. And they are so convincing that one actually bites the bait.”
Bharat Dave, 37-year-old executive said, “We receive an overload of information from our broker on our mobiles, emails. And often we are lured to buy into their recommendations for a short time-frame.” Over the past one year, brokerage charges have almost halved to around 15-20 paise for Rs 100 worth of delivery trades and 3-5 paise for Rs 100 worth of intra-day trades. Also, retail investors are a fickle lot.
They come rushing in hordes during a booming market, and then vanish for months when the market corrects. So, brokerages have no option but to extract the maximum possible brokerage out of them when the going is good.
Almost all brokerage houses go a step further by offering small retail investors margin trading facility. Margin trading is the use of borrowed money to buy securities with the expectation of magnifying profits. It can lead to greater returns, but is also very risky. Brokerage houses, often, are more than happy to offer you margin. Sometimes these margins go up to five-times your portfolio size and are offered at interest rates as high as 18% per annum.
ET tried to speak to brokers. They denied the charges that they are converting small retail investors into traders. In fact, brokers mentioned that since they have the expertise through dedicated high quality research, they are offering a better chance for small retail investors to make money free of cost.
According to Gaurav Mashruwala, a certified financial planner, “The greed of quick returns is luring many small retail investors into trading. Investment in equities should be for the very long term, where returns are high and risks are lower. When one does day-trading, the probability of returns are very low, but the risks are very high. So, ideally, small retail investors must avoid getting into this trap of churning stocks very often.”
source:- economics times
Thursday, November 30, 2006
TELE DATA IN
TELE DATA trading in 3rd wave and broke out from a third wave triangle this can be longed with a sl 15.55 for a target of 17+ and then 20+ in coming days
cheers
rish
Wednesday, November 29, 2006
EAGLE EYE TRADING CONSULTANCY
Hello Dear Reader,
Welcome & many thanks to you for reading this site.
Over last few days, many of you inquired (messaged/mailed) about my EagleEye Trading Consultancy service.
I though I would write in detail to make it clear and to show how you all can benefit from this.
EagleEye Trading Consultancy
We strive to achieve Consistent Trading Returns for our Clients while exposing them to Low Risk trades. We have achieved good success in past and strive hard to do so in future.
We strive hard to find big breakouts and large reversals. This are places where most money is made.
I hope, you must have benefited in past with the free calls I have put on this blog. (browse the archives)
Also open the im
age below, to have a peek into our trading system. (open the image below and enlarge it.)
This is a snapshot of our trading system, which we follow and enhance religiously to find the next big thing. :-)
(Right click and "Open in new window" and then enlarge)
The consultancy we provide is a paid service.
To know more details about our Trading Consultancy
email: eagleeyetrade@gmail.com
yahoo chat id: rohit_mankotia@yahoo.co.in
TradeWell
Rohit Mankotia
www.EagleEyeTrade.com
Welcome & many thanks to you for reading this site.
Over last few days, many of you inquired (messaged/mailed) about my EagleEye Trading Consultancy service.
I though I would write in detail to make it clear and to show how you all can benefit from this.
EagleEye Trading Consultancy
We strive to achieve Consistent Trading Returns for our Clients while exposing them to Low Risk trades. We have achieved good success in past and strive hard to do so in future.
We strive hard to find big breakouts and large reversals. This are places where most money is made.
I hope, you must have benefited in past with the free calls I have put on this blog. (browse the archives)
Also open the im
age below, to have a peek into our trading system. (open the image below and enlarge it.) This is a snapshot of our trading system, which we follow and enhance religiously to find the next big thing. :-)
(Right click and "Open in new window" and then enlarge)
The consultancy we provide is a paid service.
To know more details about our Trading Consultancy
email: eagleeyetrade@gmail.com
yahoo chat id: rohit_mankotia@yahoo.co.in
TradeWell
Rohit Mankotia
www.EagleEyeTrade.com
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