Funter

Here for fun and finance. Before suing me for defamation, message me; I will apologize :P

[Funter @Funter21510910]

Compilation of all my posts

It has been almost a month since I have been writing Twitter threads on finance and financial markets. Here is a compilation of all my work till date. 20 threads in all. Thread 1/11

[Nithin Kamath @Nithin0dha]

Almost 20% of all @zomato applications through @zerodha. @deepigoyal, returning the favour from everyone at Zerodha for all the tasty food Zomato delivered when we were hungry. 😋 Wishing you and the team at Zomato a blockbuster listing. 🍻

[Funter @Funter21510910]

Why were you not able to spot the big hole in Yes Bank's books? You audited the loan book every year. You have been auditing their books for years. They had near zero NPAs. Did it not ring a bell? How have you been penalised for your slackness? 7/7

[Funter @Funter21510910]

7 questions to RBI in response to their arrogant statement about Yes Bank AT1 bond investors

1) Why was value of Yes Bank shares not reduced to zero if AT1 bonds were completely written-off? After all, equity investors earned higher returns for years?1/7

https://t.co/nvkp6vPVjX

[Funter @Funter21510910]

Why did you allow rating agencies to rate AT1 bonds just one or two notches below the rating of senior debt obligations? Till May 2019, AT1 bonds of Yes Bank were rated AA by ICRA and Fitch. 6/7

[Funter @Funter21510910]

@devd669 If in the terms of the debentures, the conversion formula gives a clear valuation advantage to promoters over the value at which new investor is coming then promoters tend to convert. You understood redemption correctly.

[Funter @Funter21510910]

Lessons in Debt for Equity Analysts

Most equity analysts I have interacted with till date had little understanding of debt beyond leverage ratios. As a result, they are not able to fully comprehend the risks associated with debt. Here are a few lessons for equity analysts. 1/11

[Nitin Jain @inves4_com]

Very - 2 important points highlighted by @Funter21510910

Must read

#investing #debt #equity

[Funter @Funter21510910]

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[Funter @Funter21510910]

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