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Movement is only News based No Fundamentals change
Posted by :
valueseek
IMADUD, the savings on newsprint paper alone will be around Rs. 200cr for DC. The lower paper costs will also be beneficial to all other newspapers.
Bangalore which was losing money is moving towards break even.
The Ad rates have been hiked by 20% from Oct 1st.
The paper is a leader in AP and Chennai and No2 in Bangalore.
H2 will be highly profitable and the DC stock quotes at half the PE for the other print media stocks.
DC has the potential to go up 100% from here if the September, Dec quarter results are good and when the equity placement is made in Deccan Chargers (probably by Q1 2010).
So now downside risks with significant upside potential over 6 months. ...
Movement is only News based No Fundamentals change
Posted by :
IMADUD
Yes I agree with your view this share is rising without any reason. The DC circulation is in tough times with Times of India increasing its share day by day in Hyderabad city where the main prescence of the Deccan Chronicle is.
With the prescence of Times of India as a leading news paper of South it is not possible for DC to compete with it in a city like Bangalore. ...
NSE Announcements on DeccanChronicle
Posted by :
MMB MessengerDeccan Chronicle Holdings Ltd. has informed the Exchange regarding the details of shares bought back and extinguished on August 27, 2009: Reconciliation of Share Capital of the Company (Pre and Post extinguishment) (1) Paid up share capital (Pre Extinguishment) : No. of Shares FV Rs.2/- : 244,877,545; Share Capital (Rs.) 489,755,090.00. (2) Shares being extinguished (on 27th August 2009) : No. of Shares FV Rs.2/- : 1,841,955; Share Capital (Rs.) 3,683,910.00. (3) Paid up share capital (Post Extinguishment) : No. of Shares FV Rs.2/- : 242,222,784; Share Capital (Rs.) 484,445,568.00....
Movement is only News based No Fundamentals change
Posted by : GuestFundamentals are not cghanged ,only news on circulation took stock up Sell on every rise...
NSE Announcements on DeccanChronicle
Posted by : MMB MessengerEmkay Global Financial Services Limited and Centrum Capital Limited has informed the Exchange that with reference to Public Announcement dated August 03, 2009 by Deccan Chronicle Holdings Limited, Company has submitted a copy of newspaper published on August 27, 2009 pursuant to Regulation 15(i) of the Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998 and amendments thereto. A copy 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)....
NSE Announcements on DeccanChronicle
Posted by : MMB MessengerDeccan Chronicle Holdings Ltd. has informed the Exchange that: "Deccan Chronicle Holdings Limited has effected an increase of 20% to its Advertisement Tariff across all its editions of Deccan Chronicle. The increased tariff is effective from October 1, 2009. The above increase comes on the back of its success at Bengaluru having an Audit Bureau of Circulation (ABC) certified daily circulation of 2,44,902 copies (audit period Jan-June 2009) together with ABC certified total daily circulation of 13,49,959 copies in South India (audit period Jan-June 2009)"....
NSE Announcements on DeccanChronicle
Posted by : MMB MessengerDeccan Chronicle Holdings Ltd. has informed the Exchange regarding the details of shares bought back and extinguished on August 20, 2009: Reconciliation of Share Capital of the Company (Pre and Post extinguishment) (1) Paid up share capital (Pre Extinguishment) : No. of Shares FV Rs.2/- : 244,877,545; Share Capital (Rs.) 489,755,090.00. (2) Shares being extinguished (on 20th August 2009) : No. of Shares FV Rs.2/- : 812,806; Share Capital (Rs.) 1,625,612.00. (3) Paid up share capital (Post Extinguishment) : No. of Shares FV Rs.2/- : 244,064,739; Share Capital (Rs.) 488,129,478.00....
NSE Announcements on DeccanChronicle
Posted by : MMB MessengerEmkay Global Financial Services Limited and Centrum Capital Limited has informed the Exchange that with reference to Public Announcement dated August 03, 2009 by Deccan Chronicle Holdings Limited, Company has submitted a copy of news paper published in the newspaper on August 20, 2009 pursuant to Regulation 15(i) of the Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998 and amendments thereto. A copy 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). ...
BSE Announcements on DeccanChronicle
Posted by : MMB Messenger
Emkay Global Financial Services Ltd and Centrum Capital Ltd ("Managers to the Buyback") on behalf of Deccan Chronicle Holdings Ltd ("Target Company") has issued this Public Announcement ("Announcement" or "PA") to the Shareholders / Beneficial Owners of equity shares of the Target Company, pursuant to the provisions of Regulation 8(1) read with Regulation 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 disclosures as specified in Schedule II to the Buy-back Regulations.
Emkay Global Financial Services Ltd and Centrum Capital Ltd, vide a joint letter dated February 03, 2009 filed an application seeking exemption under Regulation 4(2) read with Regulation 3(1)(I) of Securities and Exchange Board of India (substantial acquisition of shares and takeovers) Regulations, 1997 ("Takeover Code") on behalf of Mr. T Venkattram Reddy, Mr. T Vinayak Ravi Reddy, Mr. P K Iyer and Ms. T Urmila Reddy ("Promoters") who collectively own 63.00% of the equity shares of Target Company. The exemption has been granted by SEBI vide its order dated July 20, 2009 ("Exemption Order")
The Target Company hereby announces the Buy-back of its fully paid-up Equity Shares of face value Rs. 2/- each ("Equity Shares") from the open market through stock exchanges using the electronic trading facilities of National Stock Exchange of India Limited ("NSE") and Bombay Stock Exchange Limited ("BSE") (together "Stock Exchanges") in accordance with the provisions of Sections 77A, 77AA and 77B of the Companies Act, 1956 ("Act") and Buyback Regulations at a price not exceeding Rs. 100/- per Equity Share ("Maximum Offer Price") payable in cash, for an aggregate amount not exceeding Rs. 18,000 lakhs ("Maximum Offer Size") from the existing owners of Equity Shares, other than those who are the Promoters holding Equity Shares of the Company ("Buy-back"). The Maximum Offer Size represents 18.64% of the aggregate of the Companys total paid-up equity capital and free reserves as on March 31, 2008 (the date of latest standalone audited accounts as on the date of Board meeting approving the Buy-back i.e. December 16, 2008).
The Company proposes to Buy-back its fully paid-up Equity Shares of face value of Rs. 2/-each upto 3,50,00,000 Equity Shares ("Maximum Offer Shares") such that the Promoters holding shall not exceed 73.51% of the paidup capital of the Company post Buy-back and minimum of 1,00,00,000 Equity Shares ("Minimum Offer Shares") at a price not exceeding Rs. 100/- per Equity Share payable in cash for an amount of upto Rs. 18,000 lakhs.
The Maximum Offer Price has been arrived at after considering certain parameters such as, book value, earning trends in recent past, future outlook for the industry, average price earnings multiples in market and possible impact on earnings per share, industry scenario and impact on other financial parameters due to Buy-back. The Buy-back of Equity Shares will be made at a Maximum Offer Price of Rs. 100/- per share which represents a premium of 80.51% to the closing price on BSE and NSE i.e. Rs. 55.40, on trading day on the date of the Board Meeting i.e. December 16, 2008. The Maximum Offer Price of Rs. 100/- per share offers a premium approximately 153.16% and 152.84% to the closing price on BSE i.e. Rs. 39.50 and NSE i.e. Rs. 39.55, respectively, on date of passing the special resolution by approval of shareholders through postal ballot i.e. January 27, 2009.
The actual number of Equity Shares bought back would depend upon the average price paid for the Equity Shares bought back and the amount deployed in Buy-back in accordance with resolution passed by the shareholders of the Company on January 27, 2009.
Schedule of activities:
Board meeting approving the Buy-back - December 16, 2008
Approval of shareholders of the Company for Buy-back, through postal ballot - January 27, 2009
Date of commencement of the Buy-back - August 12, 2009
Acceptance of Equity Shares - Within relevant payout dates of the Stock Exchanges
Verification of Equity Shares accepted in physical mode - Within 7 days of relevant payout date
Extinguishment of Equity Shares bought back - Within 7 days of acceptance or verification of Equity Shares as mentioned above.
Last date for completion of Buy-back - January 25, 2010 (i.e. 12 months from the date of passing special resolution). However, the Board in its absolute discretion may decide
to close the Buy-back at an earlier date in the event of Minimum Offer Shares being purchased under Buy-back, even if the Maximum Offer Size has not been reached or the Maximum Offer Shares have not been bought back, by giving appropriate notice of such date and completing all formalities in this regard as per relevant laws and regulations. There would be a completion of all payment obligations in respect of Buy-back within the last date of Buy-back. The Board will close the Buy-back at an earlier date if the amount utilised in the Buy back is equal to Maximum Offer Size. ...
NSE Announcements on DeccanChronicle
Posted by : MMB MessengerEmkay Global Financial Services Limited and Centrum Capital Limited has informed the Exchange regarding a Public Announcement ("Announcement" or "PA") made pursuant to the provisions of Regulation 8(1) read with Regulation 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 to time ("Buy-back Regulations") and contains the disclosures as specified in Schedule II to the Buy-back Regulations. The Offer and Buy-back Price: DCHL (Deccan Chronicle Holdings Limited) hereby announces the Buy-back of its fully paid-up Equity Shares of face value of Rs.2/- each ("Equity Shares") from the open market through stock exchanges using the electronic trading facilities of National Stock Exchange of India Limited ("NSE") and Bombay Stock Exchange Limited ("BSE") (together "Stock Exchanges") in accordance with the provisions of Sections 77A, 77AA and 77B of the Companies Act, 1956 (the "Act") and Buy-back Regulations at a price not exceeding Rs. 100/- per Equity Share ("Maximum Offer Price") payable in cash, for an aggregate amount not exceeding Rs. 18,000 lakhs ("Maximum Offer Size") from the existing owners of Equity Shares, other than those who are the Promoters holding Equity Shares of the Company (the "Buy-back"). The Maximum Offer Size represents 18.64% of the aggregate of the Companys total paid-up equity capital and free reserves as on March 31, 2008 (the date of latest standalone audited accounts as on the date of Board meeting approving the Buy-back i.e. December 16, 2008). The Company proposes to Buy-back its fully paid-up Equity Shares of face value of Rs.2/- each upto 3,50,00,000 Equity Shares ("Maximum Offer Shares") such that the Promoters holding shall not exceed 73.51% of the paid-up capital of the Company post Buy-back and minimum of 1,00,00,000 Equity Shares ("Minimum Offer Shares") at a price not exceeding Rs. 100/- per Equity Share payable in cash for an amount of upto Rs. 18,000 lakhs. The Date of commencement of the Buy-back is August 12, 2009. The Last date for completion of Buy-back is January 25, 2010 (i.e. 12 months from the date of passing special resolution). However, the Board in its absolute discretion may decide to close the Buy-back at an earlier date in the event of Minimum Offer Shares being purchased under Buy-back, even if the Maximum Offer Size has not been reached or the Maximum Offer Shares have not been bought back, by giving appropriate notice of such date and completing all formalities in this regard as per relevant laws and regulations. There would be a completion of all payment obligations in respect of Buy-back within the last date of Buy-back. The Board will close the Buy-back at an earlier date if the amount utilised in the Buyback is equal to Maximum Offer Size. A copy of the Public Announcement - Buyback of Shares shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
BSE Announcements on DeccanChronicle
Posted by : MMB MessengerDeccan Chronicle Holdings Ltd has informed BSE about the financial results for the Quarter ended June 30, 2009....
BSE Announcements on DeccanChronicle
Posted by : MMB Messenger
Deccan Chronicle Holdings Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 30, 2009, inter alia, have :
1. Declared an Interim Dividend @ Re 1/- per equity share (Face Value Rs 2/-) for the financial year 2009-10.
2. Approved the draft Public Announcement of the company to be issued under SEBI (Buy Back of Securities) Regulations, 1998 read with Section 77A of the Companies Act 1956 for the Buy-back of equity shares of the Company....
Deccan Chronicle Holdings net profit rises 26.30% in the June 2009 quarter
Posted by :
muralikumar
Deccan Chronicle Holdings net profit rises 26.30% in the June 2009 quarter
Sales rise 11.93% to Rs 216.62 crore
Net profit of Deccan Chronicle Holdings rose 26.30% to Rs 77.02 crore in the quarter ended June 2009 as against Rs 60.98 crore during the previous quarter ended June 2008. Sales rose 11.93% to Rs 216.62 crore in the quarter ended June 2009 as against Rs 193.53 crore during the previous quarter ended June 2008. ...
dchl 250@ 106
Posted by : onlyjigar2772at what rate should i sell it...
NSE Announcements on DeccanChronicle
Posted by : MMB MessengerDeccan Chronicle Holdings Ltd. has informed the Exchange that the Board of Directros at its meeting held on July 31, 2009, approved the draft Public Announcement of the Company to be issued under SEBI (Buy Back of Securities) Regulations, 1998 read with Section 77A of the Companies Act, 1956 for the Buy-back of equity shares of the Company....
