It appears that my worst fear may come true. Manish Kiri wants to have the cake and eat it too. See the language mentioned in Q1- presentation. Money received will go towards capex of non core business and some amount may be paid as special dividend/buyback as per Boards approval. It is “will” in case of capex and “may” for payment to shareholders. How can it be? Who is he to decide when he has a minority stake?
Or may be he has more stake through FCCB ? Minority shareholders must prepare ground beforehand, otherwise it will be too late. We must be united and fight to safeguard our interest. In my opinion at least 50% of the amount received should go towards buyback.
Posts in category Value Pickr
Kiri Industries: Loan reduction and demand surge (08-09-2022)
Semiconductor world – CPU/GPU Wars (08-09-2022)
Intel CEO interview
https://wsw.com/webcast/evercore28/intc/2366726
- We are not going to keep up with overall TAM growth until we get into 2025-2026
- Q2 Q3 is going to be bottom.
- “2024 we think we are competitive, 2024 we think we are back to unquestioned leadership.” - So 2023 is AMD/ARM’s year
Long one but these three points stuck out for me. Unless macro deteriorates further, it will be amd sweeping the floor in market share next year.
Indiabulls Real Estate Ltd and Embassy Group Scheme of Amalgamation (08-09-2022)
Do we have any update on merger case result in NCLT chandigarh? The hearing was today.
Indian Energy Exchange (IEX) (08-09-2022)
here we can have a rough idea about TAM like Jockey Only risk is Government Hope major reforms take place in Power which is long due It will happen automatically when states become pauper and no money for free things
RHI Magnesita India Limited ( Orient Refractories ) – Speculation cum special situation (08-09-2022)
Ya The first tab on steel market share gives a clue why it can be good bet for LT One needs to link this market share against some points given This will be an evergreen stock as long as steel industry exists
Jubilant Ingrevia – Life Science Ingredients (LSI) (08-09-2022)
This is a good pick only when operating leverage starts playing out Till then it is a question mark though lot of guys are bullish on this
Jubilant Ingrevia – Life Science Ingredients (LSI) (08-09-2022)
This is a good pick only when operating leverage starts playing out Till then it is a question mark though lot of guys are bullish on this
Antony Waste – Long Term (08-09-2022)
There is never one cockroach The moment you see these kind of blemishes on a stock It is better to keep away from it