tag:blogger.com,1999:blog-7148222695370746347.post2824542884981815736..comments2023-10-15T17:16:24.091+05:30Comments on Stock Market Charts | India Mutual Funds Investment: Stock Chart Pattern: Akzo Nobel (ICI) India – An UpdateSubhankarhttp://www.blogger.com/profile/13248068905130821262noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7148222695370746347.post-24131584171667599022012-01-11T16:32:56.595+05:302012-01-11T16:32:56.595+05:30A group of minority shareholders of AkzoNobel, inc...A group of minority shareholders of AkzoNobel, including Asian Paints, have objected to the proposal under which Akzo Nobel India will absorb three unlisted group companies, thereby increasing foreign promoter's share holding. Institutional investors such as ICICI Prudential, LIC, SBI Mutual Fund, Bajaj Allianz, among others, have informed Akzo Nobel,<br />(formerly ICI) about their discomfort.Subhankarhttps://www.blogger.com/profile/13248068905130821262noreply@blogger.comtag:blogger.com,1999:blog-7148222695370746347.post-39554690923881140772011-12-01T19:55:32.263+05:302011-12-01T19:55:32.263+05:30@rapidriser: You have acted according to your conv...@rapidriser: You have acted according to your convictions, which is commendable.<br /><br />@Ganpat: Next time you want to kill yourself, at least choose a better knife - may be with an ivory handle with 'TISCO' or 'Hindalco' engraved on it! ;-)<br /><br />More seriously, a mid or small-cap stock that loses 75-80% from its peak may take years to recover.Subhankarhttps://www.blogger.com/profile/13248068905130821262noreply@blogger.comtag:blogger.com,1999:blog-7148222695370746347.post-25042523759003213272011-12-01T19:06:36.603+05:302011-12-01T19:06:36.603+05:30Dear Subhankarji,
Many thanks for your sharing yo...Dear Subhankarji,<br /><br />Many thanks for your sharing your views.I have started buying from 65 only (trying to catch the falling knife,if I am permitted to use the market jargon LOL)and still scary!!<br />The most intriguing part is what one saw at 300 and what not at 60 in this scrip.??<br /><br />Best regards,Ganpathttps://www.blogger.com/profile/03885246865111293275noreply@blogger.comtag:blogger.com,1999:blog-7148222695370746347.post-21828376289963914582011-11-27T08:52:01.315+05:302011-11-27T08:52:01.315+05:30After the announcement, I have already sold my hol...After the announcement, I have already sold my holding which was a substantial percent of my portfolio.<br /><br />Unfortunately, I do not share your faith that the Indian authorities will necessarily act with the interest of the minority shareholder in mind.rapidriserhttps://www.blogger.com/profile/09326578090010481323noreply@blogger.comtag:blogger.com,1999:blog-7148222695370746347.post-65255371279994842792011-11-26T17:29:08.428+05:302011-11-26T17:29:08.428+05:30The proposed amalgamation has to be approved by st...The proposed amalgamation has to be approved by statutory authorities before it can be implemented. If the authorities feel that the swap ratio is unwarranted, they will not approve the amalgamation.<br /><br />'Issuing 1.11 Crores shares' is not the same as 'paying Rs 1100 Crores' because no cash is involved in the transaction. The amalgamated companies' shareholders (a.k.a Akzo Nobel BV) will receive the shares in exchange for the three companies.<br /><br />The math goes like this: Post amalgamation, the overseas promoters holdings will go up by ~10% to 67%. Akzo Nobel India's top-line will increase by ~50% and bottom-line by ~14% giving an EPS of 40 and P/E of 20.5 (based on Mar '11 results and CMP). The equity capital will go up to Rs 50 Crores.<br /><br />If you think that this transaction is equivalent to 'highway robbery', you should definitely sell your holdings.Subhankarhttps://www.blogger.com/profile/13248068905130821262noreply@blogger.comtag:blogger.com,1999:blog-7148222695370746347.post-86375998569919594532011-11-26T15:00:52.199+05:302011-11-26T15:00:52.199+05:30Subhankar
Looks like you missed the announcement ...Subhankar<br /><br />Looks like you missed the announcement by Akzo Nobel India that they were merging 3 of their subsidiaries with themselves and paying almost Rs.1,100 crores at the ridiculously high P/E of 40+ on their FY-2011 profits. The sharp drop after the announcement of results was not because of the poor results, but due to the corporate equivalent of highway robbery committed by the management. In my opinion, a retail investor should sell this stock and stay away, irrespective of the technical and/or fundamental factors.rapidriserhttps://www.blogger.com/profile/09326578090010481323noreply@blogger.comtag:blogger.com,1999:blog-7148222695370746347.post-188147108423312872011-11-18T19:06:31.407+05:302011-11-18T19:06:31.407+05:30@Ganpat: HDIL touched a peak of 411 in Oct '09...@Ganpat: HDIL touched a peak of 411 in Oct '09 and has fallen more than 80% in 2 years. It is likely to test and break its Mar '09 low of 62.50, and can fall much further. You should have been scared a lot earlier!<br /><br />@Piyush: Please remember the following: (1) Tendering shares to the company does not attract STT, so you will be liable to pay capital gains tax; (2) The company may not acquire the entire lot of shares you tender - or even any shares - if their 20% quota gets filled. The buyback process may take a couple of months after which you may get a cheque on which you will need to pay tax plus the shares that they have not acquired.<br /><br />Unless the difference between the market price and buyback price is very attractive, it is better to sell the shares in the market.Subhankarhttps://www.blogger.com/profile/13248068905130821262noreply@blogger.comtag:blogger.com,1999:blog-7148222695370746347.post-77702847463631065032011-11-18T16:13:27.921+05:302011-11-18T16:13:27.921+05:30need a quick view here???
BRFL has a buyback progr...need a quick view here???<br />BRFL has a buyback program announced to acquire 28420000(20%) fully paid equity shares@300+ interest of Rs.2.06(@10% p.a)....Should one tender his shares????Piyushhttps://www.blogger.com/profile/06892924418545043249noreply@blogger.comtag:blogger.com,1999:blog-7148222695370746347.post-17804991993024463212011-11-17T14:55:23.023+05:302011-11-17T14:55:23.023+05:30Dear Subhankarji,
Would you kindly look in to the ...Dear Subhankarji,<br />Would you kindly look in to the chart of HDIL and offer your views.This stock is falling non stop since Oct 2010 and has shed more than 75% already.Its very scary<br />Thanks and regards,Ganpathttps://www.blogger.com/profile/03885246865111293275noreply@blogger.com