HT media, sambhal ke rehna bhaiya!

HT media, sambhal ke rehna bhaiya!

Article published as on Saturday, 21^st April, 2020 at 10:30 a.m.   

HT media once again made the headlines, let’s analyse what we can know about the management from these kind of news and observations.

To determine the quality of management such observations go the long way.

Let’s look at the news,

Ramachandra Guha ends his column at HT media after management censors an article critical of PM.

Let’s understand what has happened now.

Ramachandra Guha has been writing for HT media for last 6 years, the author of the fortnightly column 'past and present'.

The article is published on the wire, 

It talks about decisions of redesigning central vista in Delhi by the Prime Minister Narendra Modi, in the ongoing situation of coronavirus.

(Read the article here for more details)

What happened was that the editor gave the clearance to publish the article yet it was not published and censored by the management.

Wordings of His article were corrected a bit sometimes, but this never happened before that the whole article is not published, he said.

And the matter might be really serious that the author quitted writing for HT media.

This is another red flag for investors to assess the quality of management.

Well one may think what’s wrong with not allowing article to be published.

This gives an indication that the management might be politically biased. 

When we look at promoters Shobhana Bhartia is already having a background in politics.

These small things gives us clue of the way of running business by the management.

This is not the first red flag HT media has given.

(Click here for AGM experience of HT media)

Here the author Veeresh Malik has wrote about his observations at the AGM of HT media saying 'samjha karo yaar'.

Here another thing to notice is that company with such high net worth and such good profits is just sinking and sinking.

Suddenly from FY 19 they started posting losses.

Let’s compare the prices of HT media at the time of writing the article 'samjha karo yaar'

25th September 2017                   INR   94.15

20th April 2020                            INR   13.70

Now the people who would have understood, could have exited the stock and prevented losses.

This shows that financials have no value if the quality of management is bad.

This article is written to warn people from investing in this company as there are many red flags raised.

'Daal mai kuch kaala nahi, puri ki puri daal hi kali hai.'

Concluding my article with an advice - 'sambhal ke rehna bhaiya'

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