Extract from Motilal Oswal investors conference:
https://twitter.com/piyushsah01/status/1772498959052788199
Posts tagged Value Pickr
RACL Geartech Limited (04-04-2024)
Sterling & Wilson Solar Ltd. – Will the Sun Keep Shining? (04-04-2024)
Hold tight after 15 days you will not get at this price
HDFC Bank- we understand your world (04-04-2024)
I guess we have to wait for the NIMS to see the profitability part
Godawari Power – Any Trackers? (04-04-2024)
Manas…your tracking of the sector and businesses is commendable…It does reflect in your confidence.
I dont know nitty gritty or detailed process of rights issue. but i am sure they would have announced it and didnt just take whole of rights issue for themselves without announcing it…this could be, to my knowledge governance issue at Sandur/they are not minority shareholders friendly? i mean how many of listed companies are minority shareholders friendly? how VP admins come into picture ?
Probably in my opinion, your direct and frank communication style might come off as an opinionated communication which necessarily may not be representing your true intentions…and hence this style is getting your post deleted ?
Pls pardon my writing skills, all i am trying to say is your knowledge, detail studies are indeed helpful .lets try posting something like ” Sandur cornered 1.2% extra share to their advantage and GPIL is better placed in terms of valuation”…and lets see if it still gets booted ?
Godawari Power – Any Trackers? (04-04-2024)
they (promoter) of course applied to rights- otherwise their shareholding would have reduced by huge margin.
rights issue was nominal at Rs. 10 or something, when share price was in thousands.
Post rights issue-
the shareholding of promoters increased from 73.23% to 74.37%
1.2% were free of cost shares– snatched from sleeping/inactive retail shareholders– who didn’t apply to rights shares.
they got these shares for FREE. as rights issue was at Rs. 10 only, while actual share was at Rs. 2000 or something near it.
The sleeping shareholders- who didn’t apply for rights issue- saw huge wealth erosion.
It is understandable not 100% of retail shareholders are active in markets.
Many are senior citizens and check their portfolio once in a year.
The purpose of rights issue was only to snatch their shareholding- and increase promoter shareholding.
Please check price of rights issue, price of sandur stock (before split/bonus), amount raised from rights issue.
Godawari Power – Any Trackers? (04-04-2024)
Your contribution to the Godawari thread is invaluable & helped many of us build conviction! Thanks a ton!!
On the rights issue… I normally apply for Five times the quantity that I’m entitled to, more so in these times of ASBA, but in any worthwhile issue, I seldom get any meaningful extra allotment. A pity that I was not a shareholder in Sandur at the time of the Rights issue or I too would have made a killing!!
But is it fair to say that Sandur cheated minority shareholders when they (minority shareholders) themselves did not apply for their rights? Ofcourse, like all of us, you too are entitled to your opinion.
Godawari Power – Any Trackers? (04-04-2024)
it was also about cheating by sandur on its rights issue- read my last message again.
why was my 2 days old post deleted?
whats the point of this forum? admins keep deleting posts- they don’t like.
Jubilant Pharmova (Previously Jubilant Life Sciences) (04-04-2024)
They invested in a company in Nov 2020 for $25m and are selling that same stake 3.5 years later for $113mn?! And that too through a subsidiary in a country where they have no major operations.
This doesn’t pass the smell test…
Probably the investment i’m most unhappy with myself for making