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Ranbaxy Laboratories
open offer acceptance ratio...
Posted by :
bullish9000Tracked by: 0 Boarder
its good only for us if 45% is accepted but i strongly doubt over it.
i have heard at most 35% and so.
regards
bullish...
In reply to:
open offer acceptance ratio...
Posted by : guptaone
sirJI!...cnbc reports open offer over subscribed abtt2X... indicates abt 50% shall be accepted but same cnbc also reports..33%likely to be accepted. my sources says 44to45% will be accepted! wait n see the u will know whether i am right or wrong! - tks n regds - gupta. 
Option Price
Posted by : vam_aruTracked by: 1 Boarder
There is no clear cut price range emerging, The price you are quoting may be at the start of the trade, but now gap bridged.
The sep 380 call is around 70, sep 400 call is around 53 rs now, and the spot price is 450 , so it's a correct pricing... ( in line with spot rates )
People are expecting this stock to trade around 350, but buyers and sellers are having more risk...Let the big fellows take risk by buying the sep future, and sell sep call, ( both are risky options )
Suppose if you holder of the RANbaxy shares, some people played like this taking minimal risks like selling the same quantity in CASH , and buyed the futures , cash sell around 512 to 520, and taken the futures at 360 to 380 , so they have secured around 140 rs, in the event of Stock goes 280 also they are covered, ( this strategy been done by only who sold the same quantity as in futures ).
...
In reply to:
Option Price
Posted by :
selvarajlatha
Why is it that the option price looks unbelievable?
will the exchange modify the strike rates in view of the offer by Daichi.
The SEP 400 call is quoting at around 112 while the Sep future is 382 !
is there such a risk of stock going below 270(382-112. One can buy sep future and sell sep call. It cannot be so simple.
can any one clarify?
\\`selvarajlatha\\`
Option Price
Posted by : selvarajlathaTracked by: 1 Boarder
I just want to know what is the basis for the change in price?
How will they adjust the strike rates?
'selvarajlatha'...
In reply to:
Option Price
Posted by : Guest
The price is expected to fall to 387 levels once the open offer period runs out. But the option being american can be excersiced at any time.Hence the difference.Don\\`t fall for it.It\\`s not an arbitrage opportunity
Simple Poll for all Ranbaxy Boarders ..
Posted by :
the_seekerTracked by: 0 Boarder
Ranbaxy stock is gonna swing wildly.
Expect a panic bottom of around Rs. 250/- to be formed sometime before 31st Oct.
Regards etc....
In reply to:
Simple Poll for all Ranbaxy Boarders ..
Posted by : steadyinvestor
Question is:
Where do you see the Ranbaxy Stock Price headed in Cash till 31st October 2008 - Towards below 400 or above 500?
Pls post your answers in response.
Thanks in advance.
How apply for open offer
Posted by : GuestTracked by: 0 Boarder
I live in London and received the open offer document from Karvy in Hyderabad on Friday 05 Sep 2008. The post date marked on the envelope was 11 Aug 2008. Surely it does not take more than 15 days for the post from a major city in India to reach its destination by AIR MAIL. I agree with . There is some dirty play. Neither the registarar Karvy nor the manager ICICI Securities should be paid by Ranbaxy and on top of that both these Houses should be heavily fined by SEBI.
I downloaded the Acceptance Form on 12 Aug 2008 and posted the Delivery Instruction Slip to my DP by courier service and requested my DP to send me the Acknowledged DIS by courier service and thus I was able to send my Acceptance Form together with the Acknowledged DIS by courier service to Karvy in Hyderabad on 27 Aug 2008. Upon tracking the package Karvy in Hyderabad received my Acceptance Form on 01 Sep 2008. I had to pay a hefty premium for using courier service.
Last November I lost out on Ambuja Cement Open Offer because I received the Open Offer document from Karvy after the close. I have learnt my lesson....
In reply to:
How apply for open offer
Posted by : Guest
I stay in hyderabad. I got booket only on 1st september. But On the booklet the posting date mentioned was 11th August and it was posted from Hyderabad Karvy office. There is surely some foul play here. Is SEBI listening ????
How apply for open offer
Posted by : MOORDANTracked by: 0 Boarder
I have not yet received any open offer.I agree there is a foul play.Hope the concerned authorities will take action....
In reply to:
How apply for open offer
Posted by : Guest
I stay in hyderabad. I got booket only on 1st september. But On the booklet the posting date mentioned was 11th August and it was posted from Hyderabad Karvy office. There is surely some foul play here. Is SEBI listening ????
Ridiculous postings wil start appearing .
Posted by : shah_warriorTracked by: 0 Boarder
I think you have a valid point, the reason being that there is heavy call OI built up at 540 and 600 calls (September series ) here is the data from NSE website (OI IN NUMBER OF SHARES)
540 CA OI --- 1647200 400 PA OI --- 776800
500 CA OI --- 1052800 380 PA OI --- 553600
600 CA OI --- 1229600 500 PA OI --- 132800
520 CA OI --- 580800 390 PA OI --- 9600
from the above analysis it is clear that there is an expectations that the price may end up in the range of 500-550
If anyone cam comment on this analysis it would be great, I have considered only the most actively traded strike price with high OI.
regards,
shah_warrior...
In reply to:
Ridiculous postings wil start appearing .
Posted by : steadyinvestor
Now that the offer is over and people have tendered their shares. We will see a flurry of activity on this board of Ranbaxy from 2 groups. One that is long in Sep / Oct series and the other that is short in the Sep / Oct series.
Each group will try and score a point on how the market is and why should the share price of Ranbaxy move up to 500 or down to 400. Because from now onwards where ever the share price moves the Sep and Oct Series prices will move accordingly.
I believe that the share price will move to 500 plus and my simple logic is as follows:
1) Enterprise value of Ranbaxy given their clean balance sheet and revenue projections for this fiscal year is roughly around 600+ as per various brokerage reports (Search for these reports on Money Control yourself as links can not be posted in this note as per the rules).
2) Daichi is paying a huge premium.
3) Therefore open offer is oversubscribed twice.
4) Daichi could accept this over subscription.
5) CCEA would approve of this additional investments too as LIC, GIC and UTI / SUUTI have also tendered in their complete holdings. So its in the govt.\\`s interest to accord approval.
6) Discount in Sep series have come down from 140 rupees to 30 rupees on Friday.
7) Discount in Oct series has come down from 155 to 40 rupees on Friday. ANd Open interest is still climbing indicating massive short covering as a lot of the shorts are now stuck hopelessly.
So net .. net ... if you are long enjoy the upside and if you are short .. be wise and prudent in taking the right step.
open offer acceptance ratio...
Posted by : guptaoneTracked by: 0 Boarder
sirJI!...cnbc reports open offer over subscribed abtt2X... indicates abt 50% shall be accepted but same cnbc also reports..33%likely to be accepted. my sources says 44to45% will be accepted! wait n see the u will know whether i am right or wrong! - tks n regds - gupta....
In reply to:
open offer acceptance ratio...
Posted by : bullish9000
Guptaji open offer acceptance ration will not be more then 33-35% ratio.
news is confirmed.
Lic and Gic have tendered there 16% holding in ranbaxy.
open offer acceptance ratio...
Posted by : bullish9000Tracked by: 0 Boarder
Guptaji open offer acceptance ration will not be more then 33-35% ratio.
news is confirmed.
Lic and Gic have tendered there 16% holding in ranbaxy....
In reply to:
open offer acceptance ratio...
Posted by : guptaone
hv heard that ranbaxy open offer ratio will be abt44%-45% range!
post offer, i do expect ranbaxy to tank around 390 - 410 levels which should be a great oppurtunity to invest! any views? - tks n regds - gupta.
Simple Poll for all Ranbaxy Boarders ..
Posted by : steadyinvestorTracked by: 0 Boarder
Question is:
Where do you see the Ranbaxy Stock Price headed in Cash till 31st October 2008 - Towards below 400 or above 500?
Pls post your answers in response.
Thanks in advance....
open offer acceptance ratio...
Posted by : steadyinvestorTracked by: 0 Boarder
By law - what is the mandate of the open offer which is 9.37 Crores shares to take the share holding to 58% has to be accepted by Daichi.
Now the question is whether they will accept the oversubcription?
My answer to this question is that YES - Dachi will accept this over subscription - because they would like to amass as many shares as possible in one go. If they do this then their shareholding will go up to 78% and this will zoom the stock price because then we could be sure that in a year or two they would delist the company in India.
Wonderful possibilities.......
In reply to:
open offer acceptance ratio...
Posted by : guptaone
hv heard that ranbaxy open offer ratio will be abt44%-45% range!
post offer, i do expect ranbaxy to tank around 390 - 410 levels which should be a great oppurtunity to invest! any views? - tks n regds - gupta.
open offer acceptance ratio...
Posted by : guptaoneTracked by: 0 Boarder
hv heard that ranbaxy open offer ratio will be abt44%-45% range!
post offer, i do expect ranbaxy to tank around 390 - 410 levels which should be a great oppurtunity to invest! any views? - tks n regds - gupta....
Ridiculous postings wil start appearing .
Posted by : steadyinvestorTracked by: 0 Boarder
Now that the offer is over and people have tendered their shares. We will see a flurry of activity on this board of Ranbaxy from 2 groups. One that is long in Sep / Oct series and the other that is short in the Sep / Oct series.
Each group will try and score a point on how the market is and why should the share price of Ranbaxy move up to 500 or down to 400. Because from now onwards where ever the share price moves the Sep and Oct Series prices will move accordingly.
I believe that the share price will move to 500 plus and my simple logic is as follows:
1) Enterprise value of Ranbaxy given their clean balance sheet and revenue projections for this fiscal year is roughly around 600+ as per various brokerage reports (Search for these reports on Money Control yourself as links can not be posted in this note as per the rules).
2) Daichi is paying a huge premium.
3) Therefore open offer is oversubscribed twice.
4) Daichi could accept this over subscription.
5) CCEA would approve of this additional investments too as LIC, GIC and UTI / SUUTI have also tendered in their complete holdings. So its in the govt.\\`s interest to accord approval.
6) Discount in Sep series have come down from 140 rupees to 30 rupees on Friday.
7) Discount in Oct series has come down from 155 to 40 rupees on Friday. ANd Open interest is still climbing indicating massive short covering as a lot of the shorts are now stuck hopelessly.
So net .. net ... if you are long enjoy the upside and if you are short .. be wise and prudent in taking the right step.
...
BUY OSCAR - Promoter co of Ranbaxy
Posted by : rtoshniwal1Tracked by: 0 Boarder
about 1.75 cr shares in ranbaxy .... cannot sell in the open mkt once SPA has been signed .... oscar's cost price is just rs.12-13 .... now its book value, after sale completion, will go up to 750+ .... so even at 50% discounting it sud rule at 350 + ...
In reply to:
BUY OSCAR - Promoter co of Ranbaxy
Posted by : raju_khemani
do you have it's balance sheet . how many shares do they hold in ranbaxy. what if they were to sell at Rs 400/- would they fetch in open market rate
can you give current market price book value and holding by promoters
Buy ranbaxy at around 300....
Posted by : marketmanTracked by: 1 Boarder
Buy ranbaxy at around 300 for value investment.... it is said to be fully valued at 375 after open offer....
Once the acquisition process will be over,they may tray to do market making with less floating stock....
The smart traders may enjoy in the band of 300-375 in coming days....
Warm reception to open offer by investors clearly shows bearishness in the counter in the very near term.......
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