I think you misread me. I grew up in the markets when Colgate/Castrol and the likes were the hottest stocks ... So I know they started the bonus trend. But that is past. WE have to have a basic understanding to move to next level of discussion. If I say Ravan was not too bad then you won't try to tell me the story of Ramayan because you know that I know it as well and we will discuss finer points. I assume you have understood my point. The MNCs gave bonuses to please shareholders
because the earlier governments had socialist agenda. Now with govt
itself business friendly and many businessmen getting into politics, the MNCs don't give a damn to Indian shareholders. In that sense, I said that these MNCs won't give any bonus henceforth. Most of the MNCs are cash rich - look at Novartis - one of the worst cos as far as shareholders are concerned. Do you think their business is affected because of slowdown? NO. Govt can help us by forcing these MNCs to bring either all their new investments through listed cos or delisting
and then doing whatever they want. Currently, unlisted 100% subsidiaries are getting all the new products and we are left high and dry ......

No MNC (except those which have performed in the bull run like Siemens) has given any bonus. These cos don't have any reason to give bonus and please Indian shareholders. Look at BASF, MOnsanto, DIC, Ingersoll Rand.
These cos are cash rich but no bonus from them. I have been saying this for the past 3 years but people haven't lost hope of bonus :-) These MNCs will delist. We can benefit only if govt makes one good rule - not to allow MNCs to have listed cos and unlisted 100% subsidiaries in India in the same business....

Hi Jagdish, writing after long time? Clariant was NOT known as Colour Chem. Both were separate cos. Colour Chem merged into Clariant in 2006.
The reknowned people on the board should be shot including the buddha chairman R A Shah. He is sitting on many cos whose share prices generally don't perform. He probably specializes in keeping the share prices down. Forget abput bonus, I would be happy if they behave professionally with small investors. The units in China were closed only for the olympics. So all these chemical cos will have one more good quarter till Spt. Then back to square one !!! The only way to make money here is if the co goes for delisting. I am stuck for the last 2 years
in this horrible co. Same for BASF ......

You are right that if you have to wait for 2 years, you could buy something else. However I don't think large cap is necessarily the space to be. Stocks like Bharti, L & T and many others have rallied so much that you may actually lose even from here. I am not saying this will happen but I am just mentioning it as a possibility. In that sense, actually JK Paper is safer. The big positive is not about the upside but the fact that downside is limited. In bear market, you need to buy stocks with limited downside. In that sense, JK Paper may not be good but it is not too bad at this price either ......

I mean you read it here only or you knew from elsewhere? It is not there on BSE yet ......

Where did you get the news? BTW, the great results of Clariant and even Ciba are because China has stopped production at many plants due to Olympics :-) Basically, Clariant, Ciba, Albright are leftovers after prime pharma and agro chem businesses were taken away.
Nobody wanted them. There is very little chance that outsiders will buy them. These guys will have to merge/buy out each other or go
under :-) The Indian businesses are still reasonable but the problem is global businesses which are big. Huntsman bought out textile chem business of Ciba worldwide. Later Apollo group made an offer to buy Huntsman at $28 when it was quoting at $22. and they agreed. Later, Apollo Group felt they were paying too high and withdrew the offer. Now both are in court and Huntsman crashed to $10. Now it is at 14.
...

Today is Independence day. And our own cos like JM Financial are acting as traitors. BASF was able to acquire 18% shares at a throwaway price of 300 rs. This is nothing but shame. This SEBI and the FM are the biggest enemies of common people. One day, they too will meet their fate. I am astounded by the big collusion between BASF AG, stock exchanges, politicians, TV channels and even news papers. Nobody mentioned a thing about the ongoing BASF offer!!!...

subodh ji,please dont tell so!its MNC only which started bonus in india,take eg colgate,hll,abb and several other cos too have given bounus in the past but this year mkts have not performed well,so every one wants to conserve funds The sebi n clb are working on a proposal n tightening delisting norms very soon...

just because you hold shares and just because the company is making a smart move by acquiring the a good stake @ 300/share, it doesn\\`t mean something illegal is going on subodh. the market is dumb. they did not discover a good/right price. what can u & me do. so the company is smart to have bought it back at 300/share. its the market fault for not giving the deserving price tag for this stock. so 300 is the cap now for this stock for one more year or so. swamy. ...

just because you hold shares and just because the company is making a smart move by acquiring the a good stake @ 300/share, it doesn\\`t mean something illegal is going on subodh. the market is dumb. they did not discover a good/right price. what can u & me do. so the company is smart to have bought it back at 300/share. its the market fault for not giving the deserving price tag for this stock. so 300 is the cap now for this stock for one more year or so. swamy. ...

Although RA SHAH IS THE CHAIRMAN of the co but majority on the board are from clarient intl and the co colour chem was merged in to clariant by take over In colorchem toom51%share holding was vested with foreign collaboraters As the reserves are robustmby all estimates it is seen that bonus may be on cards n past says so The stock is doing well in the mkt...

I have not surrendered single stock in this buy back offer. Iread one article on this issue in Economic Times dated 14/08/08 and was suprised to read how mutual fund acts in consultation with managememt and adjust prces . Poor isolated mall investors gets treatment . Hope SEBI will keep a vigilance eye on this kind of activity...

J K paper is the safest investment at the current price. No downside appears from current levels, keeping in view the past high low history. Technically it may surprise the investors by short term handsome gains since the share has the potential to cross 42/- within short span. ...

dont worry if the media is not talking about this company.... a day will come when the stock price will shoot sky high that the media will be forced to take note.... i foresee a price targetof around rs.900 before december 2008...