Mcleod Russel (India)

Dividend of Mcl

Posted by : sushsidh

I am also a shareholder this company since 2006. It boasts that it owns the largest tea plantations in India and as the leading exporter. From 2006 to till date I have neither received any annual report or any other communication nor any dividend.There is no response even to the mail sent to the company. It is high time SEBI takes a note of these complaints and initiates punitive action against the management.

V.Shantharam Prabhu

Dividend of Mcl

Posted by : sushsidh

I am also a shareholder this company since 2006. It boasts that it owns the largest tea plantations in India and as the leading exporter. From 2006 to till date I have neither received any annual report or any other communication nor any dividend.There is no response even to the mail sent to the company. It is high time SEBI takes a note of these complaints and initiates punitive action against the management.

V.Shantharam Prabhu

Dividend of Mcl

Posted by : siddhar_tha

Have anyone received dividend of Mcl? Plse share the information with us.

Thx.

Siddhu

Dividend of Mcl

Posted by : Kaliababa

Even I have not recieved the dividend. I have opted for ECS. I cannot understand the reason for delay.

Dividend of Mcl

Posted by : siddhar_tha

No. I have not received any dividend yet. Was it a cheque or through ECS? plse share gautam56 or any other boarder.

siddhartha dey

Dividend of Mcl

Posted by : gautam56

Two days back I have received the dividend cheque.I presume by this time you may have received the same too.

Dividend of Mcl

Posted by : siddhar_tha

Have anyone received dividend of Mcl? Plse share the information with us.

Thx.

Siddhu

My stock strongest!

Posted by : ssraju

Dear Subodh,
I am shareholder in the company and I have been observing the trend in the counter. Every yera at one time or the other some body from the industry appears on business channels and announce that tea industry is going to do very well, but by the end of the year the companies performance will be the same as previous year. As regards the price movement of the scrip is concerned the scrip has got listed at Rs.55-60 levels in the year 2004, and its high was Rs. 140 something till date and low has been Rs. 55-60.

As far as my analyses is concerned, the company with the largest tea gardens in India, should have been a star poerformer on the bourses. If the tea industry is not in a good condition then why are companies trying to acquire additional gardens by borrowing money from institutions.

to put it in a simple way, price is slave of earnings and earnings are a function of management decision. I think you can guess.

My stock strongest!

Posted by : subodh

In 2006, I entered almost all tea stocks except (Tata Tea) partly on gut feel and partly because I was seeing huge volumes. Later, it became clear that there was drought in Kenya and the stocks rallied. The rally lasted barely 2 months but I exited at the right time. The point is I sold without thinking much. The stocks collapsed after some time. Unfortunately, this time I thought that these stocks may run up higher than last time and repenting for not booking profits.
Not many people track these stocks but they have been the best opportunities for trading in the last one year. Look at the bottom-top range for McLeod 52-99, 49-83, 58-115 and now 60-85. The movements when they happen are very swift.
Tea used to be one of the best sectors where rich people invested (have you seen the movie – Parineeta) but it fell on hard times due to collapse of USSR and later Iraq.
Worst was Kenya and Sri Lanka who are low cost producers became big competitors for Indian tea cos. So this sector which was export driven earlier collapsed as supply exceeded demand. Now the domestic tea consumption is rising slowly and few years down the line, it will have good days. The current stock movements are decided by Kolkata based operators and there is no way to predict the top but the bottom I believe is the year low unless there is some major catastrophe. The best is to buy slowly – may be at this level too, ALL stocks and then add at every 15% fall some more and average.

My stock strongest!

Posted by : Guest

subodh, how does mount shivalik and jagatjit look at their current market prices.

My stock strongest!

Posted by : Guest

subodh, how does mount shivalik and jagatjit look at their current market prices.