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Sasken Communication Technologies
SASKEN COMMUNICATION gets Securities Appellate Tribunal allows to buyback
Posted by :
9975797577Tracked by: 1 Boarder
SASKEN COMMUNICATION: Securities Appellate Tribunal allows company to go ahead with share buyback.
...
Buy Back - Dont be Mistaken
Posted by :
+veinvestorTracked by: 0 Boarder
So, what can we expect on Monday; will it touch a good high at least 155, I hold at that level; shd i sell or hold??...
In reply to:
Buy Back - Dont be Mistaken
Posted by :
fekamfaak
Dear All, dont be mistaken by the Buy back which will be @ 260 or 290. Its not like this. the case is still on and the final result will come on 16 Sep whether its 10 or 40 crores of shares to be taken is still on hold. but Sasken has already started the buying at the current market value, which is 140. The buyback is that Sasken wont buy any share above 260 / 290 (case stayed) in the alloted period. Anyways buyback always brings a positiveness in the company and its shareholders.
Happy Investing
Cheers 
Buy Back - Dont be Mistaken
Posted by : GuestTracked by: 0 Boarder
does that mean it is useless to think sasken will pay 260/sh? then what is the point to sell it at a loss ?
This is now getting very confusing.. What should we do.. should we hold or just dump the shares?
...
In reply to:
Buy Back - Dont be Mistaken
Posted by : fekamfaak
Dear All, dont be mistaken by the Buy back which will be @ 260 or 290. Its not like this. the case is still on and the final result will come on 16 Sep whether its 10 or 40 crores of shares to be taken is still on hold. but Sasken has already started the buying at the current market value, which is 140. The buyback is that Sasken wont buy any share above 260 / 290 (case stayed) in the alloted period. Anyways buyback always brings a positiveness in the company and its shareholders.
Happy Investing
Cheers
Buy Back - Dont be Mistaken
Posted by : fekamfaakTracked by: 0 Boarder
Dear All, dont be mistaken by the Buy back which will be @ 260 or 290. Its not like this. the case is still on and the final result will come on 16 Sep whether its 10 or 40 crores of shares to be taken is still on hold. but Sasken has already started the buying at the current market value, which is 140. The buyback is that Sasken wont buy any share above 260 / 290 (case stayed) in the alloted period. Anyways buyback always brings a positiveness in the company and its shareholders.
Happy Investing
Cheers ...
Buy back is soon and u purchase at 500 +
Posted by : GuestTracked by: 0 Boarder
dear friend as the buy back of the share is very soon @ 260 or 290 / share and there is no way the stock will touch ur purchase price of 500+ what u can do is buy more to avg and reduce the loss ...
NSE Announcements on Sasken Comm
Posted by : MMB MessengerTracked by: 0 Boarder
Sasken Communication Technologies Limited has informed the Exchange vide its letter dated September 05, 2008 that "Following is the progress at the hearing held at SAT today. SAT noted that the issue involved in the Appeal requires detailed consideration and the matter is urgent as it pertains to buy-back of shares for which the period is running out. Therefore the appeal was directed to be set down for final hearing on 16th September 2008. In the meantime, the Appellant Company (Sasken) is allowed to proceed with the buy-back of its shares as per the Public Announcement already made and the condition imposed by the Respondent Board (SEBI) to place orders on daily/weekly basis shall remain stayed. The Learned Senior Counsel for the Appellant has given a proposal to amend the Public Announcement already made prescribing the minimum number of equity shares under the Buyback scheme. A draft proposal has been furnished to the Respondent Board who will seek instructions by the next date of hearing". ...
Tracked by: 0 Boarder
i was bought sasken shares at Rs.521. but now this is 145-150. what can i do?...
Good News for Sasken shareholders
Posted by : GuestTracked by: 0 Boarder
i bought 400shares@164 i heard tomorrow meeting will be held on buy back.if buy back matter is not setteled does in that case this share deserve to hold for long term?...
In reply to:
Good News for Sasken shareholders
Posted by : Guest
Sasken can go ahead with its Buyback Plan rules SAT..
I would like to highlight one thing here that someone is seriously trying to spread rumours against Sasken - It was reported that Sasken wants to reduce its Buyback to 10 crores from 40 crores - But the truth is that Sasken has told SEBI that it will not close Buyback until shares worth 10 crores is bought at whatever price it is available that means even greater than 260 per share....But SEBI insisted for 40 crores ..
Please be careful of the media circulating always bad news against Sasken...Because of all this Sasken is stuck at 140 at a PE Ratio of around 6 this year earnings when it deserves a price of atleast 250/-
BSE Announcements on Sasken Comm
Posted by : MMB MessengerTracked by: 0 Boarder
Sasken Communication Technologies Ltd has informed BSE about the progress at the hearing held at SAT on September 05, 2008.
SAT noted that the issue involved in the Appeal requires detailed consideration and the
matter is urgent as it pertains to buy-back of shares for which the period is running out.
Therefore the appeal was directed to be set down for final hearing on September 16, 2008.
In the meantime, the Appellant Company (Sasken) is allowed to proceed with the buy-back of its shares as per the Public Announcement already made and the condition imposed by the Respondent Board (SEBI) to place orders on daily / weekly basis shall remain stayed.
The Learned Senior Counsel for the Appellant has given a proposal to amend the Public Announcement already made prescribing the minimum number of equity shares under the
Buyback scheme. A draft proposal has been furnished to the Respondent Board who will seek instructions by the next date of hearing....
Good News for Sasken shareholders
Posted by : GuestTracked by: 0 Boarder
Sasken can go ahead with its Buyback Plan rules SAT..
I would like to highlight one thing here that someone is seriously trying to spread rumours against Sasken - It was reported that Sasken wants to reduce its Buyback to 10 crores from 40 crores - But the truth is that Sasken has told SEBI that it will not close Buyback until shares worth 10 crores is bought at whatever price it is available that means even greater than 260 per share....But SEBI insisted for 40 crores ..
Please be careful of the media circulating always bad news against Sasken...Because of all this Sasken is stuck at 140 at a PE Ratio of around 6 this year earnings when it deserves a price of atleast 250/-...
SASKEN Approval from SAT
Posted by : GuestTracked by: 0 Boarder
Hello friends. we have been debating a lot of sasken approval from SAT about buy back of shares. I am curiously waiting for the news. does anybody have any idea when is the meeting and when the result will be declared ? How much shares i can give in buyback.. i have 430 shares of sasken at 120/share
thank you...
Buy Sasken with stoploss of Rs 130: R Jain
Posted by :
advisorTracked by: 1 Boarder
I feel that SAT will uphold the SEBI order and Sasken will have to go through buying back the shares of Rs.40 Crores and not Rs. 10 crores as it wants to do. I wish that SAT forces Sasken to abide by SEBI order. If it happens then there will be shartage of Sasken shares in Market and price is likely to go sky high. The hearing of the case is on 5th Sept.2008. So I wish that we all must buy Samajh Gaye Naa....
In reply to:
Buy Sasken with stoploss of Rs 130: R Jain
Posted by : Guest
you will receive the offer and hang on tight it will be out soon..
Buy Sasken with stoploss of Rs 130: R Jain
Posted by : GuestTracked by: 1 Boarder
you will receive the offer and hang on tight it will be out soon.. ...
In reply to:
Buy Sasken with stoploss of Rs 130: R Jain
Posted by : sandeep_mc
can anyone advise me on how to sell when buy back happens? can I do it online or should I approach the broker? I bought the Sasken shares in IPO.
Buy Sasken with stoploss of Rs 130: R Jain
Posted by : sandeep_mcTracked by: 1 Boarder
can anyone advise me on how to sell when buy back happens? can I do it online or should I approach the broker? I bought the Sasken shares in IPO....
In reply to:
Buy Sasken with stoploss of Rs 130: R Jain
Posted by : advisor
I heard in Stock exchange that the objection is solely on the buy back price as the share price was manipulatively brought down to Rs. 84 from Rs. 540. Rs.260 price is too low. if this happens to be correct then the Sasken price will surely jump above Rs.200 or so. But let us assume this is not true still the Share is too good at current price. Samajh Gaye Naa.
Buy Sasken with stoploss of Rs 130: R Jain
Posted by : advisorTracked by: 1 Boarder
I heard in Stock exchange that the objection is solely on the buy back price as the share price was manipulatively brought down to Rs. 84 from Rs. 540. Rs.260 price is too low. if this happens to be correct then the Sasken price will surely jump above Rs.200 or so. But let us assume this is not true still the Share is too good at current price. Samajh Gaye Naa....
In reply to:
Buy Sasken with stoploss of Rs 130: R Jain
Posted by : Guest
SAT is very much likely to approve the buyback with a revised target of buyback of rupees 290/sh.. SAT has done that before and it is going to happen this time also. mean while the sasken management has also approved 290/sh offer
lets see how things go for sasken this week and next week is very critical.
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