I agee with you, through dividend, retail can always save taxes as they might own low number of shares at lower slabs. Also this buyback is exorbitant and seems beneficial for promoter. As this buyback is less than 10% of equity, no approval needed from shareholders. They should have gone through market route instead of tender for maximum return to all shareholders.
New tax structure I think is coming from October, that will make the shareholder to pay tax per tax slab instead of the company. This could be the reason that promoters are trying to get maximum benefit. Feel free to correct or add if I’m missing something.
Posts in category Value Pickr
Suprajit Engineering (27-08-2024)
Focus Lighting & Fixtures Limited (SME) (27-08-2024)
How do you find that the person in Outcome Health is Rishi Upendra Shah and not Rishi Rajendra Shah – shareholder of Focus…
BCL Industries – Ethanol Pick (Capacity 3.5x in Next 2 Yrs) (27-08-2024)
I just checked the CFO and Net Profit for last 5 years and as well since 2017. Its not really matching but seems like major culprit could be higher inventory in the last 2 years in addition to having negative payables.
Focus Lighting & Fixtures Limited (SME) (27-08-2024)
he is Rishi Rajendra Shah … not Rishi Upendra shah
Cosmo Films – Diffentiated player in commodity business (27-08-2024)
Because bopp film price was correcting.
Suprajit Engineering (27-08-2024)
Please understand that the buybacks being done in the last few months is a way of giving dividends without having to pay 40%+ taxes. Its not a signaling tool of undervaluation.
Tasty Bites: A proxy play to India’s QSR industry (27-08-2024)
Not opening in phone browser. Try in chrome in computer, worked for me.
Investing Basics – Feel free to ask the most basic questions (27-08-2024)
agree. for hidden gems and multibaggar the numeric game in most cases might not fit. You need to know the business and as rightly said dig deep. I recently got negligible tracking pos in PTCIL on june 4 fiasco but sold off. Started tracking again. Was looking for thread and info on the forum which landed me here 