Thanque for correcting.
Yes, it’s open offer where shares just change hands.
Posts in category Value Pickr
Route Mobile – Internet, Mobile & Telecom (02-05-2024)
Gurugram Valuepickr (02-05-2024)
I live in Delhi. I am in.
Rural Elect Corp (02-05-2024)
I’d say it’s too early to say if PSU asset quality has started to improve. There is an inherent cyclicality to asset quality which keeps playing out. Last couple of years saw NPAs bottoming out which led to higher profits for lenders and more impetus for the latter to grow their loan book. But as we have started to see from the increasing provisioning of leading lenders, NPAs are now picking up and in some years they might start peaking out. Then we’ll see real difference between high quality lenders with strong risk management and the others. So let’s wait out 1-2 years.
Also I won’t be sure of quality of PSU management. Most CEOs are appointed by policy of revolving door with many pushing retirement age, with no real incentive to upset apple cart, and even the best ones find their hands tied with bureaucracy.
But again I could be biased against PSUs based on my experience with their stocks in the past and this time it could be different as you pointed out.
Gurugram Valuepickr (02-05-2024)
I am Interested in F2F meeting
Gurugram Valuepickr (02-05-2024)
I am interested. Is there any group available already?
Route Mobile – Internet, Mobile & Telecom (02-05-2024)
It was open offer & not buyback, so shares will not be cancelled .Proximus now holds 82.70% & they will have to bring it to 75% or they can go for delisting, which i have doubt.
Route Mobile – Internet, Mobile & Telecom (02-05-2024)
Route mobile will cancel that shares so it’s like this .
Total number of shares:- 62788532−16405338(26% buyback shares)= 46383194
Public shareholder (non promoter):- 26374246−16405338= 9968908(21.49%)
New Promoter holding:- 79.51%
New EPS will also increase:- NET PROFIT/TOTAL SHARES.
DIVIDEND:- Will also increase.
I think they will stop buyback when they reach 75% as promoter.
Let’s see.
Shilchar Technologies – Power & Distribution Transformers – Sunrise Sector? (02-05-2024)
Comments on X look extremely motivated, company posted expected results and no one is talking about exceptional ROCE and ROE of the company, just bashing it.
Gurugram Valuepickr (02-05-2024)
Hi -people from Gurgaon ?
Can we start a local community. If there’re enough people from the town, we can have regular F2F meetings ! What say?
Promising Micro Cap and Small Cap Companies- OK Play India Ltd (02-05-2024)
We already have a thread on this. Move your post there as this thread will be deleted in a day.