GMR Industries

GMR Ferro - Book Profit / Book Loss

Posted by : Guest

View full thread (1 messages)

Tracked by: 0 Boarder

I purchased 4000 shares @ 68.25. Can I hold it this stock or book loss now.


If its comes below Rs. 40. that is huge loss for me.


please any one guide me......

Posted by : shoa2546

View full thread (1 messages)

Tracked by: 0 Boarder

7. Continuous Listing GMR feroo Chrome / Cronimet Ferro India
7.1 The minimum public shareholding required for continuous listing of the Shares is 25% (twenty five) of the Share capital.

7.2 The Acquirer does not intend to delist the Target Company as a result of the Offer. In the event the Shareholding of the Acquirer were to exceed the threshold specified in the listing agreement for delisting, the Acquirer will take the necessary steps in terms of the provisions of Regulation 21(2) of SEBI Takeover Regulations and as per the listing agreements prescribed by the BSE and the NSE to maintain a minimum threshold of public shareholding for listing on a continuous basis, within the timeframe specified therein.
-------------------------------------------------
Pls read complete analysis as below
1 - Analyist have given fair valuation of stock 8.53 when EPS was .06 in 2007.
2 - Cronimet have paid a bargain price of 26.05 when eps 2.19 means given price at p/e of 11.89.
3 - June qtr eps is 9.91, immediate stock price should tick at 9.91x11.89 = 117 and cronimet will show similar result for upcoming quarters i don't any reason tht stock should not qoute below rs 468. Chances of going up is high coz Cronimet strength in international sales network which is very huge plus for any company.
3 - Other strength basis current price of stock and expected yearly result the ratio between sales revenue is just at 2.22, huge potential still left to exploit to reach at .25, the reward level can be seen at 513 coz of higher margin around 31.15. Stock is trading below the systemetic risk also ie 89.6. As per my analysis stock is way way down to it real valuation.
Other thought wellcome..
Rgds......

Listen up guys!

Posted by : ShockMarket

View full thread (1 messages)

Tracked by: 0 Boarder

The only concern that was bothering me about GMR Ferro alloys was the low open offer price. What would happen if Cronimet succeeds in getting additional 20% holdings at a very cheap rate and goes for delisting? Will I be forced to sell out to Cronimet at the low price they dictate for a loss??

NO! You don't have to sell out your shares at the open offer rate specified by the company even if it plans for delisting!! You continue to be an owner-in-part of the company and will enjoy the HEFTY dividends for the lifetime. You can't trade the shares as they are no more listed. However, the catch is, the company (Cronimet in our case) will love to acquire 100% stake and will try to offer you attractive price for your shares and will continue to do so as long as you are not satisfied with the offer!! This is something that my guruji (the person who taught me technical analysis) just confirmed. He holds a few shares in Bharti-Tele (I guess I got the name right over the telephone) that got delisted. He has been offered Rs 96 some three years ago and now Rs 4000 for each share that he bought for Rs 10 (or some similar price in 1994). He is still holding the shares and is not willing to sell off below Rs 20000 per share!! So, that is the position he is enjoying because of INVESTING in a sound company and sticking to it.

Back to Cronimet, we have a wonderful opportunity today to buy as many shares as possible for the longer term WITHOUT SECOND THOUGHTS. Dont worry about the delisting, open offer, blah, blah. If you have faith in the future of this company then just accumulate in a systematic way to reap the rewards in the years to come. This is a sure winner for the believers.

NOTE: I have already entered and planning to enter in a much bigger way.

Chill!
Shock!...

Chance to Get Into GMR Ferro

Posted by : mukut

View full thread (1 messages)

Tracked by: 0 Boarder

Hi TOdya GMR Ferros Cicruit has broken. It is the chance to get into GMR Ferro. It posted good result. Good stock which can double triple your money in short time....

gmr ferro alloys

Posted by : dearkanha
Price when posted : BSE: Rs 93.00 ( 10.58 % ), NSE: Rs. 93.85 ( 12.40 % )

View full thread (1 messages)

Tracked by: 0 Boarder

I want to buy gmr ferro alloys for an year or so? What do u suggest?...

Ferro alloy sale

Posted by : gv
Price when posted : BSE: Rs 70.10 ( -0.50 % ), NSE: Rs. 69.55 ( -1.49 % )

View full thread (1 messages)

Tracked by: 0 Boarder

HI,
Friday August 8, 09:15 PM
German/UAE group buys Indian chrome plant GMR

HAMBURG (Reuters) - German metals group Cronimet said on Friday it bought with a group of unnamed Dubai-based investors a 70.5 percent shareholding in Indian ferro chromium producer GMR Ferro Alloys & Industries Ltd.

The seller was India's GMR Group and no price was given. ...