Jul 31, 2009

Markets Surge: Sensex and Nifty hit new 2009 Highs

The Indian Markets got to see the current high levels for the first time in 2009 with both Sensex and Nifty trading at their highs. At 11:42, the sensex is at 15702 up 314 points (approx. 2%) over the last close and Nifty is also showing gains at 4654 up 83 points (1.8%).

Both the bench marks had started off in style with the BSE benchmark Sensex hitting its 2009 high of 15,686 in the early trades at around 10:06 am. The NSE Nifty surged past 4,650 levels as well.

The sharp uptrend seen in the morning is led by strong global cues. In Asia, the Nikkei index in Japan also hit its new 2009 high.

All the 30 shares of the Bench,ark Index are in the green. Reliance Industries, L&T, Infosys, ICICI Bank and SBI are among the major gainers.

In Asia, the stocks started the day with smart gains with the Japanese Index Nikkei hitting the years high. The rally is led by better-than- expected corporate earnings. Sony Corp surged 4.4%, Yamato Holdings surged 8.6%, Rio Tinto advanced 3%.

The MSCI Asia Pacific Index rose 1.3% to 111.30 as of 11:06 a.m. in Tokyo.

Australia?s S&P/ASX Index gained 1.1%. New Zealand?s NZX 50 Index rose 1%, while South Korea?s Kospi was up 1.2%.

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Stock Advice for 31st July 2009

The US markets ended higher for the last trading session. Europe also ended higher. The Asian Markets are trading and opened in positive.
The Indian Markets are expected to open positive.

The support for the Sensex is 15000 and the resistance to the up move is at 15600-16046.

Nifty: (4571) the support for the Nifty is at 4500 and the resistance to the up move is at 4700-4789

Intraday Tips:
RNRL :Buy above 85.90 for targets of 86.50 and 87.85. SL of 84.25

LNT : Buy above 1490 for targets of 1510 and 1525. SL of 1475

IFCI : Buy above 51.25 for targets of 52.2 and 53.1. SL of 50.40

Jai Corp :Buy above 231 for targets of 233 and 235. SL of 228

HDIL :Buy above 280 for targets of 285 and 291. SL of 276

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Jul 30, 2009

What is an IPO Green Shoe Option | Over-allotment Option?

This isn't a type of Shoe Brand that I am going to talk about. With full respect to the genre of this investment tips finance blog, Green Shoe is a kind of option which is primarily used at the time of IPO or listing of any stock to ensure a successful opening price.

A green shoe option means that an underwriter of a security can choose to sell more stocks of the company going for IPO if the demand of the stocks exceeds the number of stocks made available for the offerring.

Any company when decides to go public generally prefers the IPO route, which it does with the help of big investment bankers also known in the financial market place as UNDERWRITERS. This sounds remotely like an UNDERTAKER but fortunately these underwriters are the guys responsible for making the issue successful and find the buyers for company's shares. The company after making the decision to go public zeroes in to select their underwriters to find the buyers for their issue. These Underwriters also sometime help the Corporate in determining the issue price and the kind of equity dilution i.e. how many shares will be made available for the public.

But with the turbulent times prevailing in the market place, it is however quite possible that the IPO undersubscribed and trades below its issue price.

This is where these Underwriters invoke the Green shoe option to stabilize the issue.Green shoe option derives its name from the Green Shoe company of US which used it for the first time.

Green Shoe Option technically speaking or rather Wikipedia Speaking is,
A Green Shoe, also known by its legal title as an "over-allotment option" (the only way it can be referred to in a prospectus), gives underwriters the right to sell additional shares in a registered securities offering if demand for the securities is in excess of the original amount offered. The Green Shoe can vary in size up to 15% of the original number of shares offered.
This option is also called the over-allotment option.

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Stock Advice for 30th July 2009

The US markets have ended flat in the last trading session. European markets managed to end higher. The Asian Markets have opened flat.

The Indian Markets are expected to open flat to positive. Today we have the Futures and Options expiry (Role Over) so volatility is expected in today's session of trading as a result of this.

The support for the Sensex is 15270-15150 and the resistance to the up move is at 15620-16050
Nifty: (4513) the support for the Nifty is at 4480-4440 and the resistance to the up move is at 4580-4625-4680

Day Trading Tips:

RIL : Buy above 1950 for targets of 1965 and 1985. SL of 1940

HDIL : Buy above 268 for targets of 272 and 278. SL of 265

Adlabs : Buy above 262 for targets of 268 and 274. SL of 258

NTPC :Buy above 215 for targets of 218 and 221. SL of 211

Happy Earnings... :)

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Jul 29, 2009

United Spirits posts positive results | Net up 51%

Liquor major United Spirits has declared its first quarter results. The company's first-quarter net profit was up 51% at Rs 177 crore versus Rs 117 crore year-on-year (YoY) while its net sales were up 22.60% at Rs 1,242 crore versus Rs 1,013 crore YoY.

Mallya said the company saw good sales growth of 17% despite there being 11 dry days due to the general elections. “We focused on cost control given the spiraling raw material costs and we have achieved 18.3% EBDITA margin to net sales as compared to 16% in the previous financial year,” he said.

United Spirits had earlier initiated the sale of treasury stock via which it repaid USD 186 million of debt, Mallya said, adding that the company was considering to raise another USD 300 million — which may be via the qualified institutional placement (QIP) route — to reduce debt further. “There are two world-class private equity investors who are extremely keen and we are working with them. So, going forward, in the next 60-90 days, you will probably see the second tranche of fund raising to pay down the debt even further,” he said.

Prices of molasses, Mallya added, had softened and may reduce further ahead.

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Indian Economy to grow faster than the RBIs target: Morgan Stanley

India's economy is likely to expand faster than the RBI's estimate, while the policy rate cutting cycle is likely near its end, economists Term deposit rates of major banks
at Morgan Stanley said in a note after the monetary policy review. At its first quarter policy review on Tuesday, the Reserve Bank of India left its short-term lending rate steady at 4.75 percent and the reverse repo rate at 3.25 percent.

The investment bank expects the domestic economy to grow 6.5 percent in the current financial year ending March 2010, above the Reserve Bank of India's upwardly revised 6 percent with an upward bias. They say "We believe that higher than expected industry sector growth will offset the negative impact of lower agriculture output due to poor monsoons."

"Moreover, with the rainfall and overall crop area under cultivation trend improving at the margin, the risk of a major downgrade revision to our agriculture growth forecasts has reduced," they added. Morgan Stanley expects wholesale price inflation to rise to 6 percent by end-March, above the central bank's estimate of 5 percent while industrial production is seen rising by 7-8 percent by the fiscal year-end.

"We expect the WPI to decline on a YoY basis during July-September 2009, on a high base effect and slow domestic demand, before rising to about 6 percent by end-March 2010 (compared with RBI's estimate of 5 percent," the note said. "We believe that the RBI will start hiking policy rates from February-March 2010 onwards".

Disclaimer: The Original Source of the article is Economic Times. EquiTipz does not claim any copyrights over the original content. The article has been posted for the readers information purpose only.


What is CAGR (Compound Annual Growth Rate)?

Compound Annual Growth Rate (CAGR) is one of those typical investing technical terms that we are unable to understand until somebody quotes an example for us. It?s a bit strange because the explanation undermines the simplicity of the calculation of the growth rate in question. :)

Simply put, CAGR is the the fixed rate of return that will give you the exact same growth of the investment that is being talked about. Let me explaing this by taking a simple example:

A portfolio with Rs. 10,000 becomes Rs.12,000 by year one, Rs.15,000 by year two, and Rs.25,000 by year three. The CAGR is simply 0.3572, or in other words, the portfolio enjoyed a 35.72% return annually.

Below is the formula so that you can calculate CAGR on your own without any hassle:

CAGR = ((ending value / beginning value) ^ 1/compound period)) ? 1

Where CAGR is Used?
This growth rate is used often when comparing growth of two entities because this measure reduces the effects of volatility. It is also used in business to report on a specific part of its operations, like revenue, subscriber growth etc.

What This Means to Us?
With the information about CAGR, you can easily compare two different investments? historic returns. Also, it is a great tool to use in calculating your own portfolio returns to see how fast it?s growing.

In your own investment portfolio, remember though that you have most likely made deposits or withdrawal. Therefore, don?t be alarmed when you see a 80% CAGR and do not falsely believe in your investment genius!

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Stock Advice for 29th July 2009

The US markets have ended flat for the last session of trade.
However, Europe ended in red.
The Asian Markets are trading mixed.
We expect the Indian Markets to open flat to positive.
The support for the Sensex is 15280-15100 and the resistance to the up move is at 15600-16046
Nifty: (4564) the support for the Nifty is at 4535-4500 and the resistance to the up move is at 4615-4700-4789

Day Trading Tips :

REC : Buy above 179 for targets of 182 and 185. SL of 176

HCC : Buy above 116 for targets of 118 and 121. SL of 112

NTPC : Buy above 218 for targets of 222 and 225. SL of 215

RNRL : Buy above 83 for targets of 84.25 and 85.80. SL of 81.50

Happy Investing and Happy Earning... :)

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Adani Power IPO Subscribed 3.1 times: Most Bids at Rs.100 per share

The initial public offering of Adani Power has been subscribed over three times in just one hour of the issue opening Tuesday, sources said. The IPO has received most bids at Rs 100 per share.
The IPO, for 29.40 crore shares of face value Rs 10 each, represents 13.5 per cent of the post-issue paid up capital of the company.

The company has fixed the price band in the range of Rs 90-100 per share, resulting in a post money valuation of Rs 196 billion to Rs 218 billion respectively.

Adani Power plans to use the proceeds to part finance construction and development of Mundra Phase IV, Gujarat power project for 1,980 MW. It will fund equity contribution in subsidiary Adani Power Maharashtra to part finance construction and development cost of power project for 1,980 MW at Tiroda, Maharashtra.

With the backing of Adani Enterprise, a seasoned player in coal trading, APL’s coal linkages for 6600MW are already established. APL has completed order tendering for 6600MW of BTG’s from Chinese equipment players, along with transmission lines order to Siemens. Clearance for land, environment and water departments has been availed substantially for the current capacities.
Source : Economic Times

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Jul 28, 2009

Stock Advice for 28th July 2009.

The US markets have ended flat in the last session.

The opening for Asia has been mixed.

We can expect the Indian markets to open flat to positive. The session is expected to remain range bound. The support for the Sensex is 15270-15150 and the resistance to the up move is at 15700-16050
Nifty: (4570) the support for the Nifty is at 4545-4550 and the resistance to the up move is at 4625-4715-4780

Day Trading Tips:

NTPC: Buy above 215 for targets of 218 and 221. SL of 212

Torent Power: Buy above 215 for targets of 218 and 222. SL of 211

Adlabs: Buy above 370 for targets of 374 and 379. SL of 365

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Adani Power IPO opens today!

The much-awaited big-ticket IPO from the Adani group will open on Tuesday amid high expectations from the group that saw its earlier Adani IPO offering, the Mundra Port & SEZ (MPSEZ) issue, being oversubscribed a record 116 times in November 2007.

Adani Power, which opens its public issue on Tuesday, has completed allocation of shares to anchor investors. It allocated 5.25 crore shares to the domestic and foreign institutional investors for close to Rs 502.14 crore.

Foreign institutional buyers include T Rowe Price, AIC, Ecofin, TPG and Legg Mason. Among domestic institutions, Sundaram Mutual Fund pumped in Rs 81 crore in Adani Power and was allotted shares for Rs 95 each. While TPG and Legg Mason were allotted shares through Credit Swice and CLSA, respectively. T Rowe Price got the highest allocation of Rs 220.10 crore for equity share of Rs 95 each. AIC, Ecofin, TPG and Legg Mason invested Rs 24.20 crore, Rs 24.40, Rs 80 crore and Rs 72.4 crore, respectively.

Adani Power will be the first IPO that will follow the anchor investor norms, made mandatory by Sebi. According to Sebi guidelines, the maximum reservation for anchor investors is 30% of the qualified institutional buyers’ portion. Anchor investors get a definitive allotment with one month’s lock-in period.

Sources said anchor investors sought almost double of the maximum reservation, 30% of the QIB portion. “Adani Group has placed entire value chain of coal linkage, port, generation and transmission in place for Adani Power that will sell about 30% of the generation on merchant basis. It is expected to bring in good returns for investors,” said a market analyst.

Adani Power was to offer 30.17-crore shares with a price band of Rs 90-100 per share. Flagship company and promoter of Adani Power, Adani Enterprise, will dilute 13.84% of its holding in the company.


Glenmark Pharmaceuticals Posts Q1 results

Glenmark Pharmaceuticals has posted a net profit after tax of Rs 534.546 million for the quarter ended June 30, 2009 as compared to Rs 1153.768 million for the quarter ended June 30, 2008. Total Income has increased from Rs 4717.417 million for the quarter ended June 30, 2008 to Rs 5512.800 million for the quarter ended June 30, 2009.

Traders can take fresh positions in the stock as Glenmark Pharmaceuticals Looks strong from Short term point of view.


Punj Lloyd posts Q1 Results

Punj Lloyd has posted a net profit after minority interest and share of Profits/(loss) of Associates of Rs 1271.60 million for the quarter ended June 30, 2009 as compared to Rs 1118.50 million for the quarter ended June 30, 2008. Total Income has increased from Rs 26581.60 million for the quarter ended June 30, 2008 to Rs 29790.40 million for the quarter ended June 30, 2009.


Jul 27, 2009

Sensex closes flat; Reliance, ONGC plunge

Key indices ended choppy session on a flat note Monday while broader markets witnessed sustained buying activity. Traders ignored positive global cues and booked profits at higher levels. Dismal numbers from Reliance Industries also capped the gains.

Bombay Stock Exchange?s Sensex ended at 15375.97, down 2.99 points or 0.02 per cent. The index touched an intra-day low of 15228.46 and high of 15463.09.

National Stock Exchange?s Nifty closed at 4570.45, up 1.90 points or 0.04 per cent. The broader index hit a high of 4596.75 and low of 4528.50.

BSE Midcap Index was up 1.61 per cent and BSE Smallcap Index gained 1.46 per cent.

Biggest Sensex gainers were Hindustan Unilever (6.59%), Tata Power (6.41%), DLF (4.71%), Tata Steel (3.93%) and Tata Motors (3.19%).

Losers comprised Reliance Industries (-3.86%), ONGC (-3.04%), Hero Honda (-2.86%), Mahindra & Mahindra (-2.23%) and ICICI Bank (-1.77%).

Market breadth on BSE was positive with 1673 advances outnumbering 970 declines. (All figures are provisional)

Original Source: Economic Times News

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Stock Advice for 27th July 2009

The US markets have ended mixed in the last session of trade.
On the positive note, Asian Markets have posted higher openings.
A flat to gap down opening is expected today.

The support for the Sensex is on the levels of 15150 and the resistance to the up move is at 15550 to 16050.
For Nifty, the support is at 4510 and the resistance to the up move is at 4610-4700-4780.

Day Trading Tips :

RNRL : Buy above 81.20 for targets of 82.40 and 83.25. Keep a SL of 80.15

RPL : Buy above 128.10 for targets of 130.20 and 130.50. SL of 126

IFCI : Buy above 50 for targets of 51.50 and 52.20. SL of 48.95

BHEL : Buy above 2010 for targets of 2030 and 2045. Keep a SL of 2009.

Happy Investing and Happy Earning J

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Jul 24, 2009

Stock Picks for 24th July 2009

I would advice investors to add the following stocks to their portfolio which appear to give handsome returns over a peiod of 10-15 days:

Buy IndusInd Bank around Rs 85.80-Rs 80.20. Stop Loss of Rs 76, book profit at Rs 95.10-Rs 110.10

Buy ABAN Offshore around Rs 910-Rs 925. Stop Loss of Rs. 885, Book profits at Rs 990.

Intraday Pick: Buy RNRL above 80.25 for targets of 81.25 and 82.50.


Jul 23, 2009

How to decide when to sell Shares?

Many investors are unable to sell a stock; either they 'fall in love' with an investment, or are unwilling to admit a failed investment and end up to book losses later when they are in dire need of money. Sell decisions should be made at the time of an investment.

As an intelligent investor, if you master the following key points, you will never lose the track of making BIG MONEY in the stock markets; be it BSE, NSE, NASDAQ or DOW JONES, for that matter.

1. Concentrate on selling stocks within your portfolio that are doing poorly, William O'Neill compares a portfolio to a garden, you need to pull your weeds and not your flowers in order to have a profitable 'garden'.

2. Consider setting a limit on your losses. Many traders set that floor in the 6% – 8% range, depending on the volatility of the stock. They may not be happy about a small loss, but they make sure it doesn't become a big loss.

3. Evaluate earnings trends, management changes, revenue growth and other basics to determine whether fundamentals are sound. Even if the stock price is sluggish or, for that matter, has hit new highs, you might want to hang on to the stock if fundamentals remain sound and growth prospects look good.

4. Consider selling small portions of your successful investment at previously decided appreciation targets. This will cover your losses from unsuccessful investments and will also 'lock-in' profits.

5. Admit mistakes quickly, and get out of investments that have fundamental problems. You will master this by doing your homework about the particular company before putting in your money.

6. Avoid becoming emotionally involved with your investments. Consider that all paper losses are real losses and all paper gains are real gains to provide you with the proper perspective.

7. Consult with your tax professionals to determine if the timing of a sale should be performed to maximize or minimize the tax effects. In general, make your trades based on the portfolio rules you have established; allow taxes to be determined separately.

There may be other market-driven reasons to sell that are just as valid as these are. Always consider the consequences (transaction costs, taxes, etc.) before making any decision to sell.

Article by wikiHow, a wiki building the world's largest, highest quality how-to manual. Please edit this article and find author credits at the original wikiHow article on How to Decide When to Sell a Stock. Content on wikiHow can be shared under a Creative Commons License

Also Read:

Sold the Shares; Do I have to Pay Tax???

The Basics of Fundamental Analysis


Jul 14, 2009

First Time Investing - Learn How Not To Fail On Your Debut

As discussed in the earlier posts like 4 Golden Rules of Equity Investing and 3 important things to know as a new investor!!!, I am again going to write for the investors who are still in the dialema whether or not to invest the very first time. And even if they make their mind to do so, then will I make any profit out of it, will I lose all my money. So, I am again taking the perspective of the very first time investors.

As I said, every investor has had to go through the phase of first time investment. The most successful people in the investment market has been through this tricky junction at some point of their life. So, how does one avoid those double minded questions when he/she is investing for the first time? So how does one prepare oneself for the best possible outcome.

1.Decide the mode of investment: When you are investing for the very first time, the most important thing to choose is a solid way of investment. One of the oldest ways is to invest in a savings bank account, which would give you good returns and is generally not much comparable to other means of investment. There are other ways to ensure higher returns, but this could be a bit risky for the first time investors. So, only after having complete knowledge of all the investment options available, one must opt to the option that suits his/her portfolio the best.

2.Proper understanding of the selectedbest investment option: One cannot make profits consistently if one lacks knowledge about the investment market. If one is investing in a bank, he must have a clear idea about the rules and policies associated with the investments options, and must plan according to it. If investing in the stock market, it is extremely important to have thorough knowledge about the market. One should be totally sure about the basics of the market, and its functioning before making an investment in the extremely volatile marketplace.

3.Choosing the best broker or investment advisor: If you are investing in stock market, one needs to find the proper broking firm that would offer the best online trading facilities at a moderate price. There are some broking firms that have special orientation programs for people who are in the market for the first time to invest. One must consider these factors while choosing a broker. In case of other forms of investments, it is better to consult a financial advisor. Nevertheless, one must be careful to select a solid and loyal financial consultant, which would provide the proper guidance through the initial phase.

4.Being positive about the investment: The fear of making losses ideally should not stop one from taking investment decisions. There are people who are over cautious and the fear of losing money and create a position where they fail to act. Particularly in stock market, in the most likely case, everyone is bound to experience loss in their initial trading days, but once the basics are grasped, the profits that follow make more than enough to cover the initial losses. Therefore, one should always be confident about their decisions, and the fear of losing money should never break their confidence. Moreover, an investor should commit his energy and time along with money while making an investment. This is because of the simple fact that money cannot make money, unless it is being worked upon and that can only happen when our complete efforts are committed to the cause. So, go ahead invest and make profits :)

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Read: How Rs 1 lakh grows to Rs 50 lakh in 25 years

Read: Earnings per share (EPS) ratio & what it means!


Buffett Comments On the Second Stimulus Package

Warren Buffett spoke today, to the fabulous Julia Boorstin of CNBC (what great hair she has!). I don’t particularly care for Buffett’s politics and his ideas on taxation. But when it comes to economics and business prospects, Buffett is without match, as his investing record shows.

I agree entirely with him about the outlook for our economy the next few years. He makes the statement: “I don’t know if the movie is 2 or 4 hours long, but I know it has a happy ending”. What a positive point of view. More of us should share that perspective.

I am piggy-backing on many of Buffett’s trades since late 2008 owning: GE, WFC, USB and GS. These are all global franchises that for the most part, came through the crash without much damage (GE is much healthier than its stock price suggests and is a raging bargain).

Regarding the housing crisis and home building, Buffett makes the point that the housing crisis precipitated our economic crisis (but he did not lay the blame properly at the feet of a laissez faire Congress that eliminated the regulatory protections needed and cheerled the mortgage industry into the ground). His medicine: don’t build any more houses; a little simplistic, but maybe tongue in cheek. We need to work off the inventory we already have. I think that is pretty obvious and goes without saying. But he said it by way of making the case that excess housing is the root of our problems and our economy won’t truly mend until housing inventories are once again in balance.

As debate grows about a possible second stimulus package for the flagging American economy, at least one legendary investor is giving the idea his guarded approval.

The “Oracle of Omaha” believes a second stimulus may be called for.”I think that a second one may well be called for,” Warren Buffett, the CEO of Berkshire Hathaway, told “Good Morning America” today. But, he added, “you hope it doesn’t get watered down in many ways.”

Buffett cautioned that a second stimulus package, like the first, won’t be “a panacea,” because stimulus packages take time to work. He criticized lawmakers’ work on the first stimulus package, which contained $787 billion in spending.

“Our first stimulus bill … was sort of like taking half a tablet of Viagra and having also a bunch of candy mixed in … as if everybody was putting in enough for their own constituents,” he said. “It doesn’t have really quite the wall that might have been anticipated there.”

Buffett also criticized the government’s public-private investment plan, through which private investors are supposed to buy so-called toxic assets off the balance sheets of ailing banks that received billions in government aid.

“I do not like the idea of any kind of a plan involving the government where Wall Street makes a lot of money. My plan provided that they would make no money whatsoever, and the American public would make the money. I just think that Wall Street owes the American people one at this point,” he said.

Nebraska native Buffett, known as the “Oracle of Omaha” for his long history of prescient stock picks, said that despite the talk of recent economic “green shoots,” he couldn’t predict when the flagging economy would bounce back.

“We are not in a freefall, but we are not in a recovery either,” Buffett said. “We were in a freefall really in the last quarter of last year, starting in the financial markets and spreading to the economy, and we had this huge change in behavior. That change hasn’t changed.”

The U.S. unemployment rate, which currently stands at 9.5 percent, still “has a ways to go” before it peaks, he said. His own company, he said, had to lay off 500 people.

“We didn’t want to do it, and if we saw things coming back we wouldn’t do it,” he said.

Without saying any more, here is the interview:

Also Read: How to Make Money by Investing in a Mutual Fund

Also Read: How to make money in the stock market?

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