Quiddity Leaderboard BSE/​​​​SENSEX Dec 23: AllCap Sep 23 Rebal Done; Some Changes to Expectations

Banorte & Mexican Banks – Peaking Returns Due to Credit Spread Erosion and Worsening Credit Risk

Large Cap GEM Bank Screener - Our Top Picks

Adani Enterprises Offering - A Discount and a Put Option But Liquidity Is a Bug Not A Feature

Adani Enterprises FPO Update:  Hindenburg, Anchors, and Righteous Indignation

MSCI Wants a Consult on Adani Group - I'm Not Sure What They Can Do

Gravity Works As WeWork Doesn't; Now Plan B

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>The <a href="https://www.smartkarma.com/entities/adani-enterprises-ltd" target="_blank" data-smartkarma-citation="entities:245:1" rel="noopener">Adani Enterprises (ADE IN)</a> FPO saw VERY muted demand (realtime available on NSE+BSE websites) on Day 1 Friday as the share price plummeted through the bottom of the range.</li>
<li>The Adani Group responded to Hindenburg late Sunday with a 400-page rebuttal, cloaked in nationalistic terms. Hindenburg responded saying the company failed to answer 62 of 88 questions.</li>
<li>This is not going away. They could lower the FPO price, or just pull the FPO. That won't materially change the significant over-valuation of many Adani Group listco share prices.</li>
</ul>


The Adani Enterprises (ADE IN) FPO saw VERY muted demand (realtime available on NSE+BSE websites) on Day 1 Friday as the share price plummeted through the bottom of the range.
The Adani Group responded to Hindenburg late Sunday with a 400-page rebuttal, cloaked in nationalistic terms. Hindenburg responded saying the company failed to answer 62 of 88 questions.
This is not going away. They could lower the FPO price, or just pull the FPO. That won't materially change the significant over-valuation of many Adani Group listco share prices.


Adani Ports & Special Economic Zone (ADSEZ IN)

Adani Ent FPO - Early Demand Muted, Adani & Hindenburg Trade Barbs Again, But Not a Good Look