City Union Bank

what is the procedure of getting right issue of city union bank ltd

Posted by : tr10658
Price when posted : BSE: Rs 26.15 ( 3.16 % ), NSE: Rs. 25.95 ( 2.77 % )

what is the procedure of getting right issue of city union bank ltd...

CUB

Posted by : nitin6570
Price when posted : BSE: Rs 25.20 ( -0.59 % ), NSE: Rs. 25.20 ( -0.20 % )

its goin down day after another
ny reasons
ny chances of it to goin back to 30 level

TIA...

city union bank

Posted by : Guest
Price when posted : BSE: Rs 24.85 ( -1.39 % ), NSE: Rs. 24.80 ( -1.78 % )

Rights are priced at Rs. 6, which include a premium of Rs.5. The record date for the eligibility is already over for getting the right share at Rs. 6. It is only 1 right share for every 4 equity shares held by you. If your are holding 100 shares you will get an offer for 25 rights shares at Rs. 6. If you buy today you are not eligible to receive the rights offer....

city union bank

Posted by : Guest
Price when posted : BSE: Rs 25.15 ( 0.60 % ), NSE: Rs. 25.20 ( 0.60 % )

Accumulate as many as can. ST target is 30....

city union bank

Posted by : chats
Price when posted : BSE: Rs 24.90 ( -0.40 % ), NSE: Rs. 25.00 ( -0.20 % )

what is the short term future of this stock , will it better to shift to auto ancillaries ...

city union bank

Posted by : uco
Price when posted : BSE: Rs 24.90 ( -0.40 % ), NSE: Rs. 24.90 ( -0.60 % )

I was told by my broker that the rights is likely to be priced at 6 Rs, can someone who got a letter from CUB confirm?

Thanks...

city union bank

Posted by : retrobroker
Price when posted : BSE: Rs 25.00 ( -0.99 % ), NSE: Rs. 25.05 ( -0.60 % )

this surely has been a laggard....leaving targets aside if this moves this should surely touch 32 - 35....be patient.......

city union bank

Posted by : sunbmos
Price when posted : BSE: Rs 25.20 ( -0.20 % ), NSE: Rs. 25.15 ( -0.20 % )

What would be the ST target. There is no upward movement at all. I entered @26.51....

city union bank

Posted by : retrobroker
Price when posted : BSE: Rs 25.25 ( -1.17 % ), NSE: Rs. 25.20 ( -1.37 % )

that is what i think too.... infact i had sold it off at 30 levels last month.. renetred seeing it at a low of 26 rs.. not able to figure out how it retraced 20%..... i think it was trading ex rights on 12th nov..but it has become weak and now looks like it will under perform markets..... i had sold off my mercator and bartronics which i had got a week back and had netted a neat 20% gain in both the counters.......

city union bank

Posted by : aammu2006
Price when posted : BSE: Rs 25.25 ( -1.17 % ), NSE: Rs. 25.25 ( -1.17 % )

Hi goodies

I dont think so if any one purchased the stocks on 12-nov they are eligible.

As on 12-nov u must have ur stock in ur Demat account untill unless u have this stock in ur demat account u will not get.

If any one purchased on 12th it will hardly takes 3 days to credit into ur Demate account.

So, who are purchased on 12th they are not eligible for right issue as far as me.

I had some pevious experience.

cheers

...

city union bank

Posted by : retrobroker
Price when posted : BSE: Rs 25.65 ( -2.29 % ), NSE: Rs. 25.60 ( -2.85 % )

equity dilution is 20%..as said by the management...it had scaled 30 this week... from 30 levels that corresponds to a fair value of 24...also this is a fairly low PE bank stock....they had some NPA issues..but it holds lot of promise...L&T is invested in this too..

i re-entered into this yesterday at 26.3 levels..would like to know if i will be eligible for rights as well..?...

city union bank

Posted by : sunbmos
Price when posted : BSE: Rs 25.90 ( -1.33 % ), NSE: Rs. 25.90 ( -1.71 % )

How far its going to melt. What will be the Short term target. Shall I enter at current levels. Pls give your valuable advice.
Thanks and Regards
...

Rights

Posted by : aammu2006
Price when posted : BSE: Rs 26.25 ( 4.33 % ), NSE: Rs. 26.35 ( 4.56 % )

It will take hardly two months to recieve the forms. Dont worrrryyyyys every one is eligible for rights issue who holds the script as on 12-nov....

city union bank

Posted by : aammu2006
Price when posted : BSE: Rs 26.25 ( 4.33 % ), NSE: Rs. 26.35 ( 4.56 % )

Hi goodies,

The Ex-date has reached. The stock gocha get melt. Every one is eligible for right issue who holds the script as on 12-nov.
It will take more than two months to recieve the form.

Regards
ammu2006 ...

city union bank

Posted by : PureAdvice
Price when posted : BSE: Rs 26.25 ( 4.33 % ), NSE: Rs. 26.35 ( 4.56 % )

The stk. melt because it went Ex rights....