adani enterprises , page-7

Freddy "feel good article in the Australia" once again.
Nothing new in the article just arranged to help build confidence in the shattered share price.

Lets look at the raw numbers...............

Lets look at Adani's share price it's fallen from in July 723 to Aug 543 on the back of damming reports of corruption in the state of Gujarat in India.

This verticle intergration in Australia whereby Adani has purchased coal facility and terminal is repeated in Indonesia.If $10 Billion is the number here in Aust you can add another $5 Billion to Indonesia.

The concern here is that Adani share price has fallen so significantly that it places pressure on any equity raising that maybe required to complete these transactions.

LNC coat tails are hitched closly to Adani as the royalty stream kicks in when coal is exported. I noticed that the date of production has moved from 2014 to 2015.

I really wonder how many shareholders will still be around by then?



Adani Enterprise Share price.


DATE OPEN HIGH LOW CLOSE VOLUME
19/08/2011 543.00 561.95 514.30 531.60 473683
18/08/2011 569.95 574.90 556.90 558.95 282668
17/08/2011 562.95 577.50 551.90 562.90 326670
16/08/2011 581.90 581.90 560.00 564.05 348885
12/08/2011 580.95 587.95 566.00 571.70 342661
11/08/2011 599.80 604.65 570.00 571.95 803528
10/08/2011 604.00 615.00 575.05 601.95 1252538
09/08/2011 600.90 604.35 591.95 597.45 593706
08/08/2011 613.00 632.60 591.05 613.20 1072571
05/08/2011 649.75 649.80 610.00 619.85 1185672
04/08/2011 651.05 667.45 651.05 657.40 661815
03/08/2011 664.80 672.00 652.70 658.00 1643986
02/08/2011 658.60 680.40 626.00 671.45 3387787
01/08/2011 605.00 649.00 601.10 638.15 5426379
29/07/2011 732.00 733.75 548.00 585.50 11692093
28/07/2011 759.00 759.85 736.50 744.55 513050
27/07/2011 761.50 764.05 750.00 760.00 670680
26/07/2011 749.95 766.50 749.95 761.30 305047
25/07/2011 733.80 754.00 730.05 750.40 190215
22/07/2011 723.00 739.90 723.00 737.55 100640
21/07/2011 731.30 732.85 715.00 719.60 190717