Adani Group

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Interesting report by Hindenburg Research on Adani Group in India.

https://hindenburgresearch.com/?p=2376

Well worth reading for insights into fraud and misstatements in a listed security.

The report is written by a short seller.

[whatsup]

Interesting report by Hindenburg Research on Adani Group in India.

https://hindenburgresearch.com/?p=2376

Well worth reading for insights into fraud and misstatements in a listed security.

The report is written by a short seller.

yes I read that report and emailed the company asking if there was a fund that they cover/promote that one can research and if all is kotia then invest in that fund.
Hindenburg has had good success with their modus operandi and could be a interesting investment.

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Today, an email arrived from Hindenburg in response to the Adani Group's response to Hindenburg's report.

The Adani response included pejorative attacks on the messenger.

Adani look scared and so they should be.

https://hindenburgresearch.com/adani-response/

Classic comment of the day, "... Adani Group, which has draped itself in the Indian flag while systematically looting the nation."

Absolute classic!

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$90 billion usd fall in cap value since the Hindenburg report. Shows the power of reasoned analysis (at least in this case).

Even Democrat advocacy journalism outfit CNN is on the story.

https://www.cnn.com/2023/02/01/business/adani-share-issue-scrapped/index.html

[nztx]

Name change called for soon ?

How about "WASADANI" ? ;)

or worse still .. has gone DOWN THE .... :)

[nztx]

https://finance.yahoo.com/news/inside-19-hour-meltdown-junked-010000689.html


Inside the 19-Hour Meltdown That Junked Adani’s Share Sale


Sounds like most of the Deal Arrangers are having to make do with Scraps