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Alembic
target price
Posted by :
alokvarshney52Tracked by: 0 Boarder
First target is 38. If it sustains above 38 then second target would be 45....
In reply to:
target price
Posted by :
kungmay
what is target price for 12 months please tell me tomorow 
target price
Posted by : kungmayTracked by: 0 Boarder
what is target price for 12 months please tell me tomorow...
BSE Announcements on Alembic
Posted by : MMB MessengerTracked by: 0 Boarder
Alembic Ltd has informed BSE that the auditors have conducted the limited review of the unaudited financial results for the quarter ended September 30, 2008....
NSE Announcements on Alembic
Posted by : MMB MessengerTracked by: 0 Boarder
Alembic Limited has informed the Exchange that the auditors have conducted the limited review of the unaudited financial results for the quarter ended September 30, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
Buy back to start from 8th Dec 2008
Posted by : alokvarshney52Tracked by: 0 Boarder
Short term target is 38. If it sustains above 38, then next target would be 45. Long term target is 61....
BSE Announcements on Alembic
Posted by : MMB MessengerTracked by: 0 Boarder
Edelweiss Capital Ltd (Manager to the Buy Back) On behalf of Alembic Ltd (Target Company) has issued this Public Announcement (PA) to the Equity Shareholders / Beneficial Owners of the Equity Shares of the Target Company pursuant to the Provision of Regulation 8(1) read with Regulation 15(c) and is in compliance with the Securities & Exchange Board of India (Buyback of Securities) Regulations, 1998 for the time being in force including any statutory modifications and amendments from time to time (Buy Back Regulations) and contains the disclosures as specified in Schedule II to the Buy-Back Regulations.
The Buy back
Pursuant to the Approval of Board of Director of Target Company at their meeting held on November 14, 2008 (the "Board Meeting") for Buy-Back of its own fully paid up equity shares of Rs 2 each ("Buy-Back"), the Company hereby announces the Buy-Back of its fully paid-up equity shares of the face value of Rs 2 each ("Equity Shares") from the existing owners of Equity Shares other than the Promoters, Persons who are in control of the Company and Promoter group at a price not exceeding Rs 55/- per Equity Shares ("Maximum Offer Price") payable in cash, for an aggregate amount not exceeding Rs 3,300 lacs ("Buy-Back Size"). The Buy-Back Size represents 9.69% of the aggregate paid-up equity capital and free reserves of the Company as on March 31, 2008 (the date of the latest audited accounts) which is within the maximum permissible limit of 10% of the paid up equity capital and free reserves. The aggregate paid up Capital and free reserves of the Company as at March 31, 2008 is Rs 34,071.54 Lacs.
The Buy-Back will be implemented by the Company through the methodology of "Open market purchased through stock exchanges" using the electronic trading facilities of the Bombay Stock Exchanges Ltd ("BSE") and the National Stock Exchange of India Ltd ("NSE), and together with BSE, hereinafter referred as the "Stock Exchange") in accordance with the provisions of Sections 77A, 77AA, 77B and other applicable provisions of the Companies Act, 1956 (the "Act") read with Article 8A of the Articles of Association of the Company and the Buy-Back Regulations, subject to approvals as may be necessary, from time to time statutory authorities including but not limited to Securities and exchange Board of India, Stock Exchanges, Reserve Bank of India, etc. as required, any further subject to such conditions as may be prescribed while granting such approvals/s which may be agreed to by the Board of Directors hereinafter referred to as "the Board" (which term shall include any committee constituted specifically for the Buyback hereafter referred to as "Buy-Back Committee)
The maximum offer Price has been arrived at after considering factors such as the trends in the market price of the Equity shares during the last 6 months prior to the date of the Board Meeting, the book value, earnings trends in the recent past, the future outlook for the industry / company and other relevant factors.
the maximum Offer Price of Rs 55/- represents a premium of 52.14% and 50.68% over the closing prices of Equity Shares on the BSE & NSE respectively prevailing on November 12, 2008 being the last trading day prior to the date of the Board Meeting held on November 14, 2008 approving the Buy-Back. The Closing Price of Equity Shares of the Company as on November 12, 2008 on BSE and NSE was Rs 36.15 and Rs 36.50 respectively.
The Company hereby proposes to buy back a minimum of 12,00,000 Equity shares (Minimum Offer Shares) during the offer period. the actual number of equity shares bought back would depend upon the average price paid for the Equity shares bought back and the aggregate consideration paid for such Equity Shares bought back, subject to the maximum limit of 9.69% of the total paid up equity share capital and Free Reserves of the Company, in accordance with the resolution passed by the Board of directors of the Company on November 14, 2008. the Maximum limit envisaged in the foregoing is further subject to a limit of 25% of the total paid-up Equity Share capital of the company in a financial year as stipulated under section 77A of the Act.
Proposed Time Table
Date of Board Meeting Approving the Buyback - November 14, 2008
Date of Public Notice in compliance with regulation 5A of the Buy0back regulations - November 14, 2008
Date of Opening of Buyback - December 08, 2008
Acceptance of Shares - Within the relevant payout dates of the Stock Exchanges.
Verification of acceptance of Equity shares in the Physical mode - within 15 days of relevant payout date
Extinguishment of Shares - Within 15 days of acceptance of Equity Shares. Further, all the Equity Shares bought back will be extinguished within 7 days of the last date of completion of Buy-back.
Last Date for the Buyback - November 13, 2009 (i.e. 12 months from the date of the Board resolution). However, the Board in its absolute discretion may decide to close the Buyback at an earlier date in the event Minimum Offer Shares have been purchased under the Buyback even if maximum Buyback size has not been reached, by giving appropriate notice of such date. All payment obligations in related to the Buy-back shall be completed by the last date for the Buy-Back....
NSE Announcements on Alembic
Posted by : MMB MessengerTracked by: 0 Boarder
Edelweiss Capital Limited has informed the Exchange that: "The Public announcement ("PA") dated November 21, 2008 is made pursuant to the provisions of Regulations 8(1) read with 15(c) of the securities and Exchange Board of India (Buy- Back of Securities) Regulations, 1998 for the time being in force including any statutory modifications and amendments from time to time ("Buy-Back Regulations") and contains the disclosure as specified in Schedule II to the Buy-Back Regulations. Details of Buyback offer and offer price: Pursuant to the Approval of Board of Directors of Alembic Limited ("Alembic" or the "Company") at their meeting held on November 14, 2008 (the "Board Meeting") for Buy-Back of its own fully paid-up equity shares of Rs. 2 each (hereinafter referred to as the "Buy-Back"), the Company hereby announces the Buy-Back of its fully paid-up equity shares of the face value of Rs. 2 each("Equity Shares") from the existing owners of Equity Shares other than promoters, Persons who are in control of the Company and Promoter Group at a price not exceeding Rs. 55/- per Equity Share (the "Maximum offer price") payable in cash, for an aggregate amount not exceeding Rs. 3,300 Lacs ("Buy-Back Size"). Date of opening of the Buy-Back - December 08, 2008; Last Date for the Buy-Back - November 13, 2009 (i.e. 12 months from the date of the Board Resolution). However, the Board in its absolute discretion may decide to close the Buy-Back at an earlier date in the event the Minimum offer Shares have been purchased under the Buy-Back, even if the Buy-Back Size has not been reached, by giving appropriate notice of such date. All payment obligations related to the Buy-Back shall be completed by the last date for the Buy-Back. The company has also submitted a copy of the Public Notice dated November 14, 2008 which appeared in the newspapers. A copy of the Public Announcement - Buyback and the copy of the Public Notice shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
Alembic approves buyback of upto Rs 55/shr, stk up
Posted by :
pradeshTracked by: 0 Boarder
Hi
Your guess is as good as that of mine. But, such malpracices are common. The insiders are able to resort to such things. About SEBI, least said is better. Apparantly, there is nothing to suggest any particular reason for the current slide.
You are quite right that the approved buy backs have been shelved in other cases as the prices have fallen drastically subsequent to approval. TV Today could be another example.
...
In reply to:
Alembic approves buyback of upto Rs 55/shr, stk up
Posted by :
gautam56
In spite of the approval obtained from the board of directors to buy back the shares at up to 55/-, why is the share price falling and till what price?
Is it a ploy by the management to make quick money by selling when investors are expecting the price to rise and then resorting to buy at a much lower price? Will buy back materialize at all like many coy in the past? Shouldn`t SEBI probe into such malpractices?
Would be grateful to get further feed back on the cause of this slide in price from well-informed boarders.
Alembic approves buyback of upto Rs 55/shr, stk up
Posted by : gautam56Tracked by: 0 Boarder
In spite of the approval obtained from the board of directors to buy back the shares at up to 55/-, why is the share price falling and till what price?
Is it a ploy by the management to make quick money by selling when investors are expecting the price to rise and then resorting to buy at a much lower price? Will buy back materialize at all like many coy in the past? Shouldn`t SEBI probe into such malpractices?
Would be grateful to get further feed back on the cause of this slide in price from well-informed boarders....
In reply to:
Alembic approves buyback of upto Rs 55/shr, stk up
Posted by : pradesh
Hope so Alok
I always have patience ( what else I can do?). You have provided me a good reason to be more patient . Thanks a lot!!
Alembic approves buyback of upto Rs 55/shr, stk up
Posted by : pradeshTracked by: 0 Boarder
Hope so Alok
I always have patience ( what else I can do?). You have provided me a good reason to be more patient . Thanks a lot!!...
In reply to:
Alembic approves buyback of upto Rs 55/shr, stk up
Posted by : alokvarshney52
If you have the patience you will get the reward. You may get the price of 65 in next 6 months. In bear market old and very well known companies perform well.
Alembic approves buyback of upto Rs 55/shr, stk up
Posted by : alokvarshney52Tracked by: 0 Boarder
If you have the patience you will get the reward. You may get the price of 65 in next 6 months. In bear market old and very well known companies perform well....
In reply to:
Alembic approves buyback of upto Rs 55/shr, stk up
Posted by : pradesh
The company did not give bonus or any reward in its 100th Year.
It is now coming out with buy back that too at Rs.55/-
Is it a reward when the price is below 40?
Alembic approves buyback of upto Rs 55/shr, stk up
Posted by : pradeshTracked by: 0 Boarder
The company did not give bonus or any reward in its 100th Year.
It is now coming out with buy back that too at Rs.55/-
Is it a reward when the price is below 40?...
In reply to:
Alembic approves buyback of upto Rs 55/shr, stk up
Posted by : MMB Messenger
Alembic has touched an intraday high of Rs 38 and an intraday low of Rs 35. At 12:58 pm, the share was quoting at Rs 36.85, up Rs 0.70, or 1.94%. The company board has approved buyback of up to Rs 55 per share, reports CNBC-TV18. It was trading with volumes of 40,275 shares.
Alembic approves buyback of upto Rs 55/shr, stk up
Posted by : MMB MessengerTracked by: 0 Boarder
Alembic has touched an intraday high of Rs 38 and an intraday low of Rs 35. At 12:58 pm, the share was quoting at Rs 36.85, up Rs 0.70, or 1.94%. The company board has approved buyback of up to Rs 55 per share, reports CNBC-TV18. It was trading with volumes of 40,275 shares....
Short Term Target - 45
Posted by : alokvarshney52Tracked by: 0 Boarder
Alembic faced strong resistence at 38 as predicted earlier. If it closes above 38, then it will reach 45 very quickly....
Tracked by: 0 Boarder
Dear Atulbhai,
If this stock comes down to 32 level then only it is worth to buy this stock.
Company has made buy back announcement and will take 4 months for passing resolutions and taking shareholders consent.
Company has sound track record. Lot of free land is available and pharma product are very well accepted in market.
Pl let me which is the correct price to enter as per your calculations
...
In reply to:
Atul Patel
wait for few more days.. let the stocks come down by 18-20% from this level then enter about 6775 level..due to global meltdown and economic crisis...the level will come soon..Wait and watch.. if you are a short term investor then moved out from mkt if long term then buy at every dips.
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