After brutal meham in the market, PNB Gilts has today closed at Upper Circuit both at BSE and NSE. Real juice is its Book Value which is around Rs.35. However, an irrational market leaves everyone baffled. People will buy or sell a Mutual Fund instrument at its book value but investors will turn away PNB Gilts @ 50% discount !!!!!!!! Cheers !!!!!! ...

Yes. A conservative policy has paid in handsome measure....

Very badly. In fact, it gives a lesson that anything is possible in the short-term. Inspite of your having chosen a very good basket of scrips. All your eggs of the basket may look rotten and you donot have any option but to throw them out. You can`t even prepare and enjoy the omlette. Cheers !!!! Kyonki jeena isi ka naam hain - Yahi hain jindagi !!!!! ...

Doom`s day has come. Sell everything you have and keep the cash for keeping in the coffin !!!!!! ha ha ha ha !!!! ...

But please remember that Board has announced buy-back programme from the stock exchange upto Rs.275/- per share. It may get through in coming days. Once company starts buy-back, there will be strength in the scrip. Already promoters and FIIs and FIs holding is quite substantial i.e.88.59%. Downside is quite limited. Sum of parts of different businesses under its fold is very sizeable and valuable. For example, it holds around 20% equity of Godrej Consumer Products Ltd. and 80% of Godrej Properties Ltd. Recovery will be sharp. ...

There is some relationship between the gilt market and stock market. Normally if the stock market is down, gilt market should be up as it considered a safe investment. However, one thing I can see that in coming months it is expected that interest rate will go down because of various cuts by RBI. Effectively gilt prices will be up. Please do not forget that Book value of PNB Gilts is more than Rs.35/- even after adjusting dividend and first quarter loss(which is just notional). It\\`s just a matter of time, no one can time the market, before some decision is taken regarding divestment or merger. PNB can only delay the process but it cannot reverse the process. It\\`s well decided that there is no use keeping a subsidiary of PNB for gilt business and this vertical can very well be taken care of by PNB only. In case of merger BV will be very important. Have patience, once you are in the \\\\...

Which account you r referring?Is it your a/c with broker or PNB Gilts has remitted in your bank account? Normally if the shares have been purchased very late around book closing and could not be transferred to your demat a/c - dividend will be received by the broker and hence broker credits the dividend immediately after the book closing is over. Other possibility is if the shares are in the margin a/c, broker credits the dividend to your account maintained with him. Cheers !!!!! ...

Hey, totalview, you are all bull pal. I have seen your earlier messages on this board. Get your facts right. Markets always value a business on the potential of its earnings and good managements are always rewarded. One of the most 3rd rate mgmt is of PNBG and these so called f..i n g ba.tards have no regard to shareholders interest whatsoever. Cheers for getting royally screwed up in this stock....

yes promotors holding is already high around 80 percent and buyback is also around 1.9 percent of the equity. the holdings by the FII and mutual funds is around 9 percent, thus quite a low public holding. but currently valuations are thing no one is looking and what makes it difficcult is its value lies in the holding companies and also much of environment is created that the price is only the land bank which is not the compplete case. yes the highe holding 80 percent in the godrej prop has made this stock moved to the levels of 500 in the past. but still company holds stake in godrej agrovet godrej prop also stake in the godrej consumer, and joint ventures like godrej sara lee. keep track of this company. ...

Yes, Cash is the king in current scenario of the market. Bcoz not a single level stays solid, every level is broken now. But one thing is sure that one can buy in small quantity now and keep balance for further decline, if market gives u a level of 10000-9000-8000, u can buy at that level step by step. It is not necessary that market will sure correct upto 9000 level, it may bounce back from today`s low. Hope for the best....

currently there are many stocks where the buyback has not generated enough enthusiam like reliance infrastructure, even being fundamentally strong. i am still looking for more information like the holding and valuations aspects. i havent come across any research report on the godrej industies giving details about the land and other hodling companies. nowadays u have to be very selective of the stocks u pick, although in the long run this will give the decent appreciation but still i think one should now focus on the stock with short term as rally will come and again falls will be there. for some time its better to trade in trading strong rather than taking the long term investment call. i had good number of shae bought in the range of 315-220 and looking for 100-110 to buy some more. ...

i had also mentioned that there is lot of inherent value in the holding company...

anyways i have still not received the dividend. As far as the AGM is concerned i am sure they have not announced anything new. Just the dividend and re-appointments. Just few months back PNB was being compared to SBI. The biggest office holders were making loud media announcements so i trusted these guys. But looks like in a bear mkt it doesn\\`t matter whether it\\`s PNB or BAMPSL. It is definitely dissapointing that these guys are keeping shut after making such heavy announcements but there is not much that can be done. i have a heavy investment so i will keep it for some more time. Any idea on how October results would turn up. Is there a inverse or direct relationship between Gilt and Stock market? Any experts out there?...

they have not even posted it on the BSE. I don't understand why these ppl r so dead slow. Hoping atleast they will pay the dividend in a week or so. ...