I’m holding on to the share until I get a price too hard to pass which is approximately Rs 1000 , and my reasons are simple.
Whatever your reasons if the delisting is approved which is If the vote for the delisting goes ahead and the promotors are happy with the price discovered in the reverse book-building process (90% threshold) that will follow, you do have not much choice.
You could hold on, but there won’t be a market to sell your shares in. You would be at the mercy of the promotors and hope that they pay out profits in the form of dividends.
- A significant proportion of India’s trade is with UAE and Singapore and if you observe Shreyas shipping’s routes are along these lines.
This is not correct. Shreyas’s container ships operate solely serve domestic ports providing container feedering (short sea shipping). They bulk vessels seem to serve a variety of routes.
- You can buy ships, but operational experience is invaluable so if an Adani or some other large logistics company wants to downward integrate then buying Shreyas is a great place to start.
They already have a close relationship with DP World which is competing with Adani.
I would love Rs 1,000 too, but other shipping stocks and even Indian shipping stocks are not commanding very high P/E or P/B multiples.
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