Offline
| Post a Message | Explore Forums | Browse Stock Messages | Hot Discussions | Top rated Messages | Top Boarders | |
|
|
|
Rain Commodities
| |||||
NSE Announcements on Rain Commoditie
Posted by :
MMB MessengerTracked by: 0 Boarder
Karvy Investor Services Limited has informed the Exchange regarding the details of shares bought back by the Rain Commodities Limited on October 07, 2008, which are as follows: (a) Name of the Broker: Karvy Stock Broking Limited; (b) Date of buyback: October 07, 2008; (c) No. of equity shares bought back on BSE: 23,335; (d) No. of equity shares bought back on NSE: 77,697; (e) Total no. of equity shares bought back:1,01,032; (f) Average Price of Acquisition (Rs.): (BSE: 172.71;NSE: 172.75) (g) Cumulative Equity Shares bought as on October 06, 2008: 2,12,068; (h) Quantity Closed Out on October 07, 2008 - Nil; (i) Quantity Closed out as on October 06, 2008 - Nil; (j) Total Quantity Closed Out - Nil; (k) Total Equity Shares bought back as on October 07, 2008: 3,13,100....
NSE Announcements on Rain Commoditie
Posted by : MMB MessengerTracked by: 0 Boarder
Karvy Investor Services Limited has informed the Exchange regarding the details of shares bought back by the Rain Commodities Limited on October 06, 2008, which are as follows: (a) Name of the Broker: Karvy Stock Broking Limited; (b) Date of buyback: October 06, 2008; (c) No. of equity shares bought back on BSE: 30,674; (d) No. of equity shares bought back on NSE: 75,931; (e) Total no. of equity shares bought back:1,06,605; (f) Average Price of Acquisition (Rs.): (BSE: 174.54;NSE: 174.68) (g) Cumulative Equity Shares bought as on October 03, 2008: 1,05,463; (h) Quantity Closed Out on October 06, 2008 - Nil; (i) Quantity Closed out as on October 03, 2008 - Nil; (j) Total Quantity Closed Out - Nil; (k) Total Equity Shares bought back as on October 06, 2008: 2,12,068....
NSE Announcements on Rain Commoditie
Posted by :
kush55Tracked by: 0 Boarder
Dear Boldy,
This buyback increases the stake of Reddys, though small, without the promoters dishing out the money. Further, the Reddys got a preferential offer at Rs 200. They would try to jack up the prices to a comfortable level to increase their wealth. The question is when? Stock market prices seldom reflects fundamentals of the company. Operators work as an extension of the owners to serve their interest. The buyback period is probably till March 09. I have an uncanny feeling that the price would be kept at current levels till the buyback is over. After that, what????? That is the moot question.
One more thing to observe is that Reliance Mutual fund has entered the stock and has increased their holding in August - check mutual fund dumping or not. This was almost at the same time during Anil Ambani declared intention to get into Cement through RNRL. Divestment of the Cement business would help the Reddys in getting back their intended return. With cement capacities expanding, it would be difficult to sustain a 3+m ton cement capacity with pricing pressure and debt servicing. Just wait to see whether any other Reliance mutual fund is investing further. That would be a signal!
Regards ...
In reply to:
NSE Announcements on Rain Commoditie
Posted by : boldy
Dear Kush55,
While I agree with you on certain issue , you will but agree to disagree that there are some uncultured promoters who will only try to influence the price to their advantage, you would have noticed the the price of rain com has been range bound as I had predicted, its very fair to inform the boarders about these unscrupulous promoters, who had always underplayed the potential of calicinised coke business and merged rain calcining with Rain commodities only to dupe the investors with their cement business, I had also in this board given my point of view of the international prices of Cal.coke etc.
You are not a dud but a shrewed investor who is waiting on the fence waiting for the reddy's to buy back whatever their target buy out is and then make hay when the sun shines.My interest was to help the small investors to understand the actual story so that they don't buy out of greed and then loose everything they have, investors who hold rain com should not add but wait to sell their holding at Rs.307 plus from end Oct2008 
NSE Announcements on Rain Commoditie
Posted by : MMB MessengerTracked by: 0 Boarder
Karvy Investor Services Limited has informed the Exchange regarding the details of shares bought back by the Rain Commodities Limited on October 03, 2008, which are as follows: (a) Name of the Broker: Karvy Stock Broking Limited; (b) Date of buyback: October 03, 2008; (c) No. of equity shares bought back on BSE: 9,400; (d) No. of equity shares bought back on NSE: 19,793; (e) Total no. of equity shares bought back:29,193; (f) Average Price of Acquisition (Rs.): (BSE: 188.45;NSE: 187.62) (g) Cumulative Equity Shares bought as on October 01, 2008: 76,270; (h) Quantity Closed Out on October 03, 2008 - Nil; (i) Quantity Closed out as on October 01, 2008 - Nil; (j) Total Quantity Closed Out - Nil; (k) Total Equity Shares bought back as on October 03, 2008: 1,05,463....
NSE Announcements on Rain Commoditie
Posted by :
areBTracked by: 0 Boarder
To be frank, i`m look at 360-400 in 2 yrs time. ...
In reply to:
NSE Announcements on Rain Commoditie
Posted by : rasmeets
wat`s the prospect of this stock in 1 or 2 years. Do u think still its worth buying .
NSE Announcements on Rain Commoditie
Posted by : rasmeetsTracked by: 0 Boarder
wat`s the prospect of this stock in 1 or 2 years. Do u think still its worth buying . ...
In reply to:
NSE Announcements on Rain Commoditie
Posted by : areB
I've been accumulating Rain Calcining way back when it quoted at 16/-.
Just for the Record, Rain Commodities at the time of amalgamation quoted at Rs 130.
Basically the structure of the three cos before amalgamation was:
Rain Calcining : Producers of CPC Coke & Power at Vishakapatnam
Rain Industries : Cement ( wholly owned subsidiary of Rain Comm)
Rain Commodities : Marketing Co for CPC Coke. CII carbon, USA was acquired by Rain Commodities and hence was part of it.
Post merger, Rain Calcining business was transferred to Rain Industries and Rain Industries (Cement business) as transferred to Rain Commodities.
Net result (my take), Rain Calcining is merged with Rain Commodites.
The swap ratio, i could have argued for then, but right now i'm not complaining.
Why pray, u find the promoters unscrupulous ?
Also u seem to suggest, the promoters are buying back the shares of the co. I'd clarify that its the Co ( Rain Commodities ) that's buying back the shares and not the promoters.
Buy back is as such good for a co as a whole since it ups the eps of the co.
regards
NSE Announcements on Rain Commoditie
Posted by : areBTracked by: 0 Boarder
I've been accumulating Rain Calcining way back when it quoted at 16/-.
Just for the Record, Rain Commodities at the time of amalgamation quoted at Rs 130.
Basically the structure of the three cos before amalgamation was:
Rain Calcining : Producers of CPC Coke & Power at Vishakapatnam
Rain Industries : Cement ( wholly owned subsidiary of Rain Comm)
Rain Commodities : Marketing Co for CPC Coke. CII carbon, USA was acquired by Rain Commodities and hence was part of it.
Post merger, Rain Calcining business was transferred to Rain Industries and Rain Industries (Cement business) as transferred to Rain Commodities.
Net result (my take), Rain Calcining is merged with Rain Commodites.
The swap ratio, i could have argued for then, but right now i'm not complaining.
Why pray, u find the promoters unscrupulous ?
Also u seem to suggest, the promoters are buying back the shares of the co. I'd clarify that its the Co ( Rain Commodities ) that's buying back the shares and not the promoters.
Buy back is as such good for a co as a whole since it ups the eps of the co.
regards
...
In reply to:
NSE Announcements on Rain Commoditie
Posted by : boldy
Dear Kush55,
While I agree with you on certain issue , you will but agree to disagree that there are some uncultured promoters who will only try to influence the price to their advantage, you would have noticed the the price of rain com has been range bound as I had predicted, its very fair to inform the boarders about these unscrupulous promoters, who had always underplayed the potential of calicinised coke business and merged rain calcining with Rain commodities only to dupe the investors with their cement business, I had also in this board given my point of view of the international prices of Cal.coke etc.
You are not a dud but a shrewed investor who is waiting on the fence waiting for the reddy's to buy back whatever their target buy out is and then make hay when the sun shines.My interest was to help the small investors to understand the actual story so that they don't buy out of greed and then loose everything they have, investors who hold rain com should not add but wait to sell their holding at Rs.307 plus from end Oct2008
NSE Announcements on Rain Commoditie
Posted by : jugs_Tracked by: 0 Boarder
Dear Boldy,
Do you hold this stock
Thanks & Regards
jugs...
In reply to:
NSE Announcements on Rain Commoditie
Posted by : boldy
Dear Kush55,
While I agree with you on certain issue , you will but agree to disagree that there are some uncultured promoters who will only try to influence the price to their advantage, you would have noticed the the price of rain com has been range bound as I had predicted, its very fair to inform the boarders about these unscrupulous promoters, who had always underplayed the potential of calicinised coke business and merged rain calcining with Rain commodities only to dupe the investors with their cement business, I had also in this board given my point of view of the international prices of Cal.coke etc.
You are not a dud but a shrewed investor who is waiting on the fence waiting for the reddy's to buy back whatever their target buy out is and then make hay when the sun shines.My interest was to help the small investors to understand the actual story so that they don't buy out of greed and then loose everything they have, investors who hold rain com should not add but wait to sell their holding at Rs.307 plus from end Oct2008
NSE Announcements on Rain Commoditie
Posted by : MMB MessengerTracked by: 0 Boarder
Karvy Investor Services Limited has informed the Exchange regarding the details of shares bought back by the Rain Commodities Limited on October 01, 2008, which are as follows: (a) Name of the Broker: Karvy Stock Broking Limited; (b) Date of buyback: October 01, 2008; (c) No. of equity shares bought back on BSE: 6,417; (d) No. of equity shares bought back on NSE: 7,367; (e) Total no. of equity shares bought back: 13,784; (f) Average Price of Acquisition (Rs.): 188.15; (g) Cumulative Equity Shares bought as on September 30, 2008: 62,486; (h) Quantity Closed Out on October 01, 2008 - Nil; (i) Quantity Closed out as on September 30, 2008 - Nil; (j) Total Quantity Closed Out - Nil; (k) Total Equity Shares bought back as on October 01, 2008: 76,270....
NSE Announcements on Rain Commoditie
Posted by : boldyTracked by: 0 Boarder
Dear Kush55,
While I agree with you on certain issue , you will but agree to disagree that there are some uncultured promoters who will only try to influence the price to their advantage, you would have noticed the the price of rain com has been range bound as I had predicted, its very fair to inform the boarders about these unscrupulous promoters, who had always underplayed the potential of calicinised coke business and merged rain calcining with Rain commodities only to dupe the investors with their cement business, I had also in this board given my point of view of the international prices of Cal.coke etc.
You are not a dud but a shrewed investor who is waiting on the fence waiting for the reddy's to buy back whatever their target buy out is and then make hay when the sun shines.My interest was to help the small investors to understand the actual story so that they don't buy out of greed and then loose everything they have, investors who hold rain com should not add but wait to sell their holding at Rs.307 plus from end Oct2008...
In reply to:
NSE Announcements on Rain Commoditie
Posted by : kush55
Dear areB,
Thank you for this clarification to the boarders once more. My friend Boldy got agitated when this was pointed to him, and he called me CHAMCHA. He has with his ignorance even gone onto predicting the price range during buyback period, which I think is an unwise thing in this volatile market particularly with wrong informations. Duds like me in stockmarket gets influenced by this shortsightedness of so called experts. Dear BOLDY - are u with me?
Thanks once more, areB
Regards,
NSE Announcements on Rain Commoditie
Posted by : MMB MessengerTracked by: 0 Boarder
Karvy Investor Services Limited has informed the Exchange regarding the details of shares bought back by the Rain Commodities Limited on September 30, 2008, which are as follows: (a) Name of the Broker: Karvy Stock Broking Limited; (b) Date of buyback: September 30, 2008; (c) No. of equity shares bought back on BSE: 8,643; (d) No. of equity shares bought back on NSE: 12,519; (e) Total no. of equity shares bought back: 21,162; (f) Average Price of Acquisition (Rs.): 179.64; (g) Cumulative Equity Shares bought as on September 29, 2008: 41,324; (h) Quantity Closed Out on September 30, 2008 - Nil; (i) Quantity Closed out as on September 29, 2008 - Nil; (j) Total Quantity Closed Out - Nil; (k) Total Equity Shares bought back as on September 30, 2008: 62,486....
NSE Announcements on Rain Commoditie
Posted by : kush55Tracked by: 0 Boarder
Dear areB,
Thank you for this clarification to the boarders once more. My friend Boldy got agitated when this was pointed to him, and he called me CHAMCHA. He has with his ignorance even gone onto predicting the price range during buyback period, which I think is an unwise thing in this volatile market particularly with wrong informations. Duds like me in stockmarket gets influenced by this shortsightedness of so called experts. Dear BOLDY - are u with me?
Thanks once more, areB
Regards,
...
In reply to:
NSE Announcements on Rain Commoditie
Posted by : areB
I think people keep getting confused between "Open Offer" and a "Buy back Offer". This is not an Open Offer where the co asks the shareholders to tender shares at a fixed price. It's a Buy Back where the co purchase shares for the open market at a maximum price of Rs 307/- per shares. Please note, the company can continue to buy shares form the mkt as long as the cmp is below 307/- ( subject to the stipulated amt set aside for buyback).
NSE Announcements on Rain Commoditie
Posted by : areBTracked by: 0 Boarder
I think people keep getting confused between "Open Offer" and a "Buy back Offer". This is not an Open Offer where the co asks the shareholders to tender shares at a fixed price. It's a Buy Back where the co purchase shares for the open market at a maximum price of Rs 307/- per shares. Please note, the company can continue to buy shares form the mkt as long as the cmp is below 307/- ( subject to the stipulated amt set aside for buyback). ...
In reply to:
NSE Announcements on Rain Commoditie
Posted by : boldy
Dear kush55,
There was also a indication before that seperate foral letters to this offer would be sent to investors on the books of Rain com expressing the managements decision and the target end price with the quatities to be purchased by April 2009.
I never said on this board that I am a advisor to any one for your information,My intention was to post what I know and like to share, you are likely a reddy's chamcha
NSE Announcements on Rain Commoditie
Posted by : GuestTracked by: 0 Boarder
I think everybody has observed the very sharp recovery of Rain Commodities from 174 to 184. This itself shows the potential of the scrip in coming weeks. A sure shot winner in near future. Hold on to it and enjoy the price. All the best...
In reply to:
NSE Announcements on Rain Commoditie
Posted by : boldy
Dear kush55,
There was also a indication before that seperate foral letters to this offer would be sent to investors on the books of Rain com expressing the managements decision and the target end price with the quatities to be purchased by April 2009.
I never said on this board that I am a advisor to any one for your information,My intention was to post what I know and like to share, you are likely a reddy's chamcha
NSE Announcements on Rain Commoditie
Posted by :
ranjit72Tracked by: 0 Boarder
Vasistha ji aap yagna karo, kahan share ware ke piche......
hold your rain for another quarter bcoz already most part of our nation is flooded. Save ur rain for the dry season during dec to feb 09.
REGARDS ranjit...
In reply to:
NSE Announcements on Rain Commoditie
Posted by : vasistha
Sir,
I have with a little rain. What to do next,,please guide me,,thanks
2 queries on Rain Commoditie
More from the Cement - Major Sector
see moreBoarders tracking Rain Commoditie
News Updates on Rain Commoditie
