Author Topic: 500413 - Thomas Cook (India) Ltd  (Read 8436 times)

cameronfen

  • Full Member
  • ***
  • Posts: 235
Re: Thomas Cook (India) Ltd - (500413)
« Reply #10 on: April 03, 2014, 08:33:37 AM »
What broker do you use to invest in India? 


siddharth18

  • Hero Member
  • *****
  • Posts: 605
Re: Thomas Cook (India) Ltd - (500413)
« Reply #11 on: April 03, 2014, 12:19:35 PM »
What broker do you use to invest in India? 

You have to jump through a lot of hoops to buy stocks in India. This should help: http://www.kotak.com/personal-banking/investments-insurance/qualified-foreign-investor-qfi.html

kmukul

  • Full Member
  • ***
  • Posts: 109
Re: Thomas Cook (India) Ltd - (500413)
« Reply #12 on: April 03, 2014, 10:22:26 PM »
Has anyone looked at arbitrage opportunity at Thomas Cook-Sterling Holiday Merger?

Thomas cook has indicated there will be open offer to buy Sterling share at 98. But more interestingly if shares are not tendered in the open offer then Sterling shareholder will get 1.2 share of Thomas Cook for each share of Sterling. With Thomas cook trading at 100 and Sterling trading at 96 this looks too good to be true.

I have never done arbitrage play and India might have peculiar rules warranting this discrepancy. Any inputs on this? 

I am looking to switch from my position of Thomas cook into Sterling and not looking at arbitrage in pure sense as I am not familiar with short selling in India.

Thanks Valueinvesting This seems too good to be true, please let me know if there is any catch here (there is not enough liquidity for sterling), I am also thinking of doing the same. BTW IB is also there in india, Not sure how easy it is to get access via them


JEast

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 737

netnet

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 928
Re: 500413 - Thomas Cook (India) Ltd
« Reply #15 on: July 02, 2014, 03:45:48 PM »
This is my first look at the name.
The arbitrage looks somewhat interesting when first mentioned not now, but the real deal may be the underlying security, Thomas Cook.  Look at the analysis of Bakshi: (https://dl.dropboxusercontent.com/u/28494399/BFBV_2013_14_Files/Lecture_19_Thomas_Cook.pdf.

To invest along with Watsa in his Indian investment vehicle, which looks a little bit like Amex 50 years ago.  I'm going to have to really investigate this name.  But at first glance it looks pretty good.  (except that I'm not a non-Resident Indian!).
« Last Edit: July 02, 2014, 06:34:30 PM by netnet »

jch548

  • Jr. Member
  • **
  • Posts: 97
Re: 500413 - Thomas Cook (India) Ltd
« Reply #16 on: July 02, 2014, 07:13:49 PM »
I looked at the Kotak link. Seems pretty easy to set up an account. What happens afterward? Is it easy to transfer your funds back to a U.S. account? What about taxes? Do you pay capital gain taxes in India? Complete an Indian tax return? Can you claim a full foreign tax credit in the U.S. if yes? Thanks.

kmukul

  • Full Member
  • ***
  • Posts: 109
Re: 500413 - Thomas Cook (India) Ltd
« Reply #17 on: July 26, 2014, 08:41:06 AM »
The results came out http://www.bseindia.com/corporates/anndet_new.aspx?newsid=5802ee23-9ead-4858-8c0c-d6aa7a65adbf, any one knows when are they going to swap shares of sterling. Thanks a lot

JEast

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 737
Re: 500413 - Thomas Cook (India) Ltd
« Reply #18 on: September 02, 2014, 05:13:36 PM »

JEast

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 737
Re: 500413 - Thomas Cook (India) Ltd
« Reply #19 on: August 14, 2015, 06:55:22 AM »