Larsen and Toubro

Advice pls I am bit anxious n distressed

Posted by : libran.

Thankyou everyone and Tunga for your overwhelming replies to my query. I am experienced myself and has been following markets for a long period of time, its just I had a serious accident few months ago and I am bed ridden these days. I was very confident myself that I would get shares as I bought them cum bonus, what actually triggered a frustration and anxiety was ICICI Securities Senior officer calling me by and saying I will not get shares as they would be credited into my account bot before 4 th OCtober and record date is 3rd, I tried to explain him I have a right to get shares as it is not record date but ex date which matters, he tried to prove me wrong and said I can take up this with anyone higher authorities I would like to, I guess these ICICI people are morons, I wonder if they can create a mess with me who at least have some sense of settlement and market, what would they be doing with people who have very innocent. Wish you all a very happy investing and may we all recover all our losses and make some money too. god bless us all.

Advice pls I am bit anxious n distressed

Posted by : libran.

Thankyou everyone and Tunga for your overwhelming replies to my query. I am experienced myself and has been following markets for a long period of time, its just I had a serious accident few months ago and I am bed ridden these days. I was very confident myself that I would get shares as I bought them cum bonus, what actually triggered a frustration and anxiety was ICICI Securities Senior officer calling me by and saying I will not get shares as they would be credited into my account bot before 4 th OCtober and record date is 3rd, I tried to explain him I have a right to get shares as it is not record date but ex date which matters, he tried to prove me wrong and said I can take up this with anyone higher authorities I would like to, I guess these ICICI people are morons, I wonder if they can create a mess with me who at least have some sense of settlement and market, what would they be doing with people who have very innocent. Wish you all a very happy investing and may we all recover all our losses and make some money too. god bless us all.

Advice pls I am bit anxious n distressed

Posted by : tunga

Hello Mr. libran.
As per your letter the shares are purchased on 29Th September and the rate was for pre bonus this was even until 30Th September 2008. ICICI DIRECT collected money from your account for 200nos of L&T shares at Rs 2340 each plus Brokerage, service charges etc....
Now you might have 200 nos of shares in your Demat account. Did you observe when this is credited to your account? 29Th being Monday and 3rd October is 4Th working day (excluding October 2 national holiday) and also Friday your account must have been credited with 200 shares.

I have seen sometimes these ICICI DIRECT never credit the shares on time to the account. Recently I purchased some L&T shares. I could see the shares in security projections for some time but one day it just disappeared and could not find in Demat account, under allocations, even in Security projection .The Cash projections was squared up. I found these shares under allocation after 2 days.
They don`t respond properly. They respond only for written complaint.
I think you are eligible and also should get the bonus shares to your account when it is allotted by the company. Please wait till 14Th October and then take action if it is not credited. I understand the shares are going to be credited on 13Th Monday.
Please keep all your documents for further action in case it is not credited.

Advice pls I am bit anxious n distressed

Posted by : libran.

Hello! My fellow learned boarders. Although, I did had a communication with marketman in the morning about if I would get bonus shares are not and marketman here on the board did confirm me yes, but before quering on this board I had called ICICI Direct and talked with an executive there, since he was also not sure he said he will get to me and I got a call later from manager of ICICI Direct Hyderabad team(bankers), that I wont be getting shares as shares will finally show in my demat account on o4 October. It started like this I bought 200 Larsen share on 29 sep at about 2340 per share. I was totally ignorant about it being ex bonus today, yesterday being bank settlement holiday share would show in my account on o4 october instead of 3rd october because one extra day in between as banks were closed. Now I am so distresed as to why ICICI says I wont get bonus shares. Isnt it that if transaction has been done before ex bonus date sufficent to prove you hold the shares? Why are people of ICICI bank saying that since shares would show in my account on 04 october and record date is 3rd october I will not get any bonus shares, does this mean a straight loss of 2.4 lac... please give your sensible advice as I am in panic..help me please... warm regards and thanks in advance

Advice pls I am bit anxious n distressed

Posted by : libran.

Hello! My fellow learned boarders. Although, I did had a communication with marketman in the morning about if I would get bonus shares are not and marketman here on the board did confirm me yes, but before quering on this board I had called ICICI Direct and talked with an executive there, since he was also not sure he said he will get to me and I got a call later from manager of ICICI Direct Hyderabad team(bankers), that I wont be getting shares as shares will finally show in my demat account on o4 October. It started like this I bought 200 Larsen share on 29 sep at about 2340 per share. I was totally ignorant about it being ex bonus today, yesterday being bank settlement holiday share would show in my account on o4 october instead of 3rd october because one extra day in between as banks were closed. Now I am so distresed as to why ICICI says I wont get bonus shares. Isnt it that if transaction has been done before ex bonus date sufficent to prove you hold the shares? Why are people of ICICI bank saying that since shares would show in my account on 04 october and record date is 3rd october I will not get any bonus shares, does this mean a straight loss of 2.4 lac... please give your sensible advice as I am in panic..help me please... warm regards and thanks in advance

Advice pls I am bit anxious n distressed

Posted by : libran.

Hi prashant, thanks for your concern. I have not yet recieved my bonus shares, I just want to ask other share holders if bonus shares have been credited to there accounts or not... warm regards and god bless everyone.

dear du stock

Posted by : BHARAT BAJAJ

i m holding larsen 10@2370 since 29th and have not rcvd any bonus. pls advice me that i should hold or sell....what is the near term target.........when will i get bonus in my demat a/c.thanks
bharat bajaj.

NUKE Deal & LARSEN and TOUBRO

Posted by : psgs

so, do u expect the stock to crash on monday after bonus shares are credited?

NUKE Deal & LARSEN and TOUBRO

Posted by : radhika_nandlal

DU,

You always have short positions in derivatives right coz u hold equivalent in cash? So u will be minting money and the cash shares all free?

Do u think you will book profits in ur shorts or you will carry it? I am planning to buy nifty call optoins today coz TRIN is neutral at 0.7 and our sensex says BUY per RSI...