• Eld
    Is that a potential risk of $1.8bn for $NOK in India tax matter???http://bit.ly/XSeJsL
    1/30/13
    Reply (14)
    • LumiaMan: propaganda is all this is
      1/30/13
    • Eld: "propaganda" from an Indian newspaper from Chennai, where the case is being managed... so might be more than propaganda.
      1/30/13
    • Eld: Video from Indian TV: http://bit.ly/129PRDn
      1/30/13
    • Seppo Sahrakorpi: I think the risk is at least $2.3B, could be even $9B. I am long NOK, but just sold 60% of my core holding. http://seekingalpha.com/c/8jwy3
      1/30/13
    • Charles Santerre: Seppo stop smoking crack! 9B! I thought you were a reasonsable person. Show me a company that has ever received such a fine in history.
      1/30/13
    • Charles Santerre: We`re not talking murders, oils spills and human suffering! Geez! We`re talking a fine for tax errors.
      1/30/13
    • Seppo Sahrakorpi: I hope I am wrong. But the most recent report is $2.3B. Now, in India the tax law allows for triple penalty: (1+3)x$2.3B -> $9B
      1/30/13
    • Seppo Sahrakorpi: The question is how do markets react when this is reported in mainstream media? Even increasing the taxes due from $0.5B to $2.3B is a big
      1/30/13
    • Leont68: lol I feel a major gapup is going to happen anytime. Same pattern as usual. Nok drifts lower
      1/30/13
    • Leont68: on no news. couple of negative stories and then Bam gapup :P
      1/30/13
    • Seppo Sahrakorpi: Of course there will be some settlement, but in the short term, how will the markets react?
      1/30/13
    • Seppo Sahrakorpi: Currently we have a single news outlet and single leak at teh Indian tax office quoting the additional $1.8B tax. Again, I hope this is...
      1/30/13
    • Seppo Sahrakorpi: ...a false rumor. But in any case, I have decided to wait a few days before I re-enter at full in my core position.
      1/30/13
    • Eld: Good decision
      1/31/13