• Quotes

  • NAVs

  • News

  • Messages

  • Opinions

  • Notices

  • Videos

Feedback
Make this your Home
Search: Messages    Stock    Boarder
 
Post a Message | Explore Forums  |  Browse Stock Messages  |  Hot Discussions  | Top rated Messages  | Top Boarders
Moneycontrol.com >> Messageboard >> Reply to the Message
   You are here :     Moneycontrol     MMB   Reply to the Message
  Here you can reply to the message shown by typing in the input box.
  Man Industries   (Stocks)  
Big spurt expected
buy super tannery ltd at price of rs 7 which is available cum bonus already approved in agm held on 30.9.2009 record date of bonus shares may be announced any time
state bank of india indias largest banker have sanctioned secured loan of rs 75 crores to super tannery whereas total market cap of super tannery shares as on date is just 25 crores only which clearly indicate super tannery is very much undervalued stock
i am shareholder of both man industries and super tannery ltd since last two years
but heavily looser in man industries but quiet comfortable in investment of super tannery shares
i have again to write that it was totally wrong decesion of promotors of man industries to allot themselves 25 lacs prefferential warrant /shares at just price of rs 35 per share when book value of man industries is above rs 70 per share
i am holding 3000 shares of man industries as per my view promotors of man industries would have further increased their stake in their company either through issue of right share at face value of rs 5 per share or would have gone for free bonus shares to their shareholders from the reserves of the company
i have gone through the latest annual report of man industries the project of USA has already been scrapped for which they raise money through FCCB amounting rs 203 crores during last financial year as on 31.3.2008 the above bonds may be redeemed at any time on or after 22nd may 2010 the initial conversion price of above bond was earlier fixed at price of rs 143.50 per share later on it was refixed at price of rs 115 per share on 3rd may 2008 which has now been further reset at price of rs 109 on 3rd may 2009

since the current price is just quoting at rs 52 per share what new price will be reset by management further the yearly low prices of man industries is just rs 20 per share

so what will happen to company when they have to return rs 203 crores to FCCB holders including interest in future

so all above factors should be taken care of by investors /shareholders of man industries

if any one give comments in respect to above points shall be highly appriciated

karan patni		   
Posted By     karan patni

Reply to the Message
Message Type :      Message     Query     Greviance
characters left                       
  MMB code of conduct
  We request you to follow ethical standards in your posts.
  Please ensure that your post
 
•  Is not libelous. Please differentiate between your feelings, judgments and generalization . In case you want to make a serious allegation do substantiate it [about any person/ company/ entity] .
•  Please do not post confidential, classified insider information about any company or entity
•  Do not make rude or insensitive remarks against a community, race or caste, religion or gender
As you know one may face legal action by revealing insider information or making unsubstantiated, libelous allegations against a company/ entity . Should there be a court order or legal action against any post violating the law of land, we will comply with the court judgment which includes, deleting your message, banning you from MMB, sharing your IP address to the investigating authorities etc [as specified in the law/Order].

-MMB Moderator

Dekha Hai Maine Tumhe
It's The Time To Disco
Gunmaster G-9
Dard-E-Disco
Sara Zamana
Jimmy Jimmy Jimmy Aaja
Auva Auva Koi Yahan Nache
more disco songs

What the stars foretell

Bejan Daruwala

Ganeshaspeaks: Market prediction for Nov 23

View all astrologers

India over 10 years

See whats improved/ worsended

FII Investments »
FDI »
Exports »
Imports »
GNP »
See all »

Poll 

Will you buy RIL post the non-binding cash offer for Lyondellbasell?

Yes No
Can't Say  
 
View Result  1 comment read all
To SMS your queries to us Type YS < Your query > SMS to 51818
Stocks to be discussed next:
|  ABG Shipyard |  Bajaj Hindustan |  Jaiprakash Asso |  JSW Steel |  Suzlon Energy |  Patni Computer |  Unitech 
 view all queries »
Boarder Circle
Platinum
Gold
Silver
Newbie
Popular Boarders 7days
flashstock05
250
KotakInvestment
231
joetom
225
India_bulls
143
radhika_nandlal
125
All Time
more
Top Tracked 7days
KotakInvestment
1310
joetom
1022
India_bulls
985
marketman
843
flashstock05
816
All Time
more
Prolific Boarders 7days
hsnmf
837
radhika_nandlal
357
NAUGHTY007
275
tara23
250
All Time
more