I didnt understand "large retailers are blocking inventory"
Are they not buying borosil products or have they booked large quantities in anticipation of rush in forthcoming festival season.
I didnt understand "large retailers are blocking inventory"
Are they not buying borosil products or have they booked large quantities in anticipation of rush in forthcoming festival season.
Had a chat with an analyst who recently contacted the management regarding the equity dilution. The management said when they acquired the company it had very bad financial condition and debt to equity was 3.4 with accumulated loss of 48 million. More debt required for growth at that point would have been disastrous. Hence they issued warrants and it was converted in a staggered manner. At the moment there are no outstanding warrants against the promoter management sounded very positive about it's financial health.
I am looking out for good stocks to construct long term portfolio. I have two frontline stocks Marico (at 405) and DHFL(at 433). I bought them just few days back.
promoters would hardly have time to talk to individual investors until and unless you have strong stake in the company. Also, replied are always supposed to be curt, why would anyone write more than what is required? Without attending AGM, passing a quality remark against management is not the best idea. Anyways, I am not here to defend anything and believe strongly in the company, its management and its future
Thanks Saji for your reply.
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