The company has announced the opening of 'The Byke - Suraj Plaza" (Thane). Here is the link to the announcement. The hotel will become operational from 5th September.

Thane is not a touristy location, so this hotel must be directed towards business travelers or for occasions such as conferences, receptions, weddings etc.

Any insights on the rating suspension issue?

When a company hires a rating agency to issue a debt rating, they agree upon the facilities that the company wants to get rated and the time period for which the rating agency should monitor these ratings. Payment happens at the start of the rating activity and also in installments over the lifetime of the contract. When a company does not see value in getting the rating reviewed on a periodic basis, it gets the rating suspended to avoid paying the rating maintenance fees.

Its alright if the rating was suspended because of commercial reasons. Don't understand if it was the same in Byke's case. If not there could be some financial irregularities which the company did not want to disclose.

Disclosure: Haven't invested, awaiting more clarity on the rating suspension.

where is target for 50000 rooms given and by when.
also having agent network of 220 plus across geographies will take time.
dont think make my trips of the world getting into this

The Annual Report for 14-15 is out. The undertone is distinctly bullish. The CMD Mr. Garg worked all these years without any remuneration. Now that the Co. has started rewarding it's share holders, the mgt. has finally started on a remuneration of Rs. 3 lakh a month. A good example set for other promoters, but are they listening?!

http://www.bseindia.com/bseplus/AnnualReport/530843/5308430315.pdf

This is a good topic and the gist of the matter has been covered very well. However what I want to bring out is the question on how much of your networth to invest in equities? People talk about conentrated portfolio of well researched 2/3/4 stocks with strong conviction and understandig of the business. But what is the point if your equity portfolio is less than 10% of your networth? Personally based on my interaction with fellow investors equities are still a small pie of one's networth usually dominated by real estate and in some cases gold. I would like to hear and learn from investors who have more than 60% of their networth in equities and how they look at portfolio construction? Do they concentrate on a few names or diversify? What has been their experience over the past bull and bear markets?

Personally I hold a little over 30% of my networth in equities with a concentrated portfolio of 3 stocks making up 80% of it.

P.S: I have excluded the house I live, jewellery, car, etc.,while considering networth.