FINANCIAL THOUGHTS : November 2018

Wednesday, November 21, 2018

Market view - 22 Nov 2018

USA
Yesterday DOW ended flat after a promising jump at the beginning.
S&P Vix at 21, highest since Feb/Mar 2018. It touched low of 12 in Sep 2018. Only July/Aug 2015 VIX at 25 was higher than at current levels. It means there is fear in the US market. Recently, the confidence in the housing segment in the US hit a road block.

EUROPE
Germany GDP growth was disappointing
DAX went up yesterday, may go down today ... observe its opening and sentiments at 12 pm

ASIA

Asian shares mixed at opening

INDIA
Range bound

Business Analytics & Success

All successful persons and businesses have mentors. As we move across business life, the element of uncertainty is high. Here lies the importance of business guidance and consulting.
We offer business consulting services
and are thrilled to see the success and growth of our Clients.

A few years back, I was employed by one of the leading MNC banks. One of the main issues the bank faced was the higher cost/income ratio compared to its peers. As part of the internal consulting team, I headed a project that resulted in centralising a few functions, leading to massive cost savings.

A friend of mine, who was a CFO, was worried about the losses of one of their group companies. Closely, working with him and primarily based on benchmarking, we found out the problems were mainly in their sourcing. A strategic action plan was put in place to solve the issues, which ensured the turnaround of the
company in less than one year.

Recently, one of the leading companies in the UAE faced a problem - whether to expand or not. The top management and key shareholders were in disagreement. Whilst management
believed the expansion is needed, the shareholders feared overcapacity problems. We stepped in and conducted market & financial study, based on which we offered strategic solutions for growth, which were wholly heartedly accepted by both management and the shareholders.

Similarly, a leading company in the UAE approached banks/FI for credit facilities, which was turned down. Then we stepped in, prepared a detailed Information Memorandum-highlighting the strengths in banking terms- and led the negotiations with banks/ FIs. Drawing upon nearly two decades of my experience
in banking, we were able to successfully structure facilities to the satisfaction of both borrower and lender. The result was that the Client got credit facilities from the same banks/FI who initially rejected their credit requests.

FINANCIAL THOUGHTS

Financial & Credit Thoughts

Wednesday, November 21, 2018

Market view - 22 Nov 2018

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