Online
|
|
hav noticed the activity in Karaikal Marg Port ,its really grt , Marg has good vision n is a very god stock thats worth accumulating ...
Completely agree with trulyfair. I started accumulating this stock at 39 levels and then bought again at 50 and then again at 85. Just did not feel like stop buying this stock. I even recommended it to all the people I knew, but no one, not even a single person bought it. Today I am laughing all the way to the bank and these people just watch me with envy / jealousy. Feels great. Love Marg....
How perceptions change 6 months ago no one was ready to buy @ 50. Now I am happy to see some interest in this stock.
It has a very long term story --till 2020 some trigger is there on a regular basis - almost annually - i hear final completion of port is 2017 which is abt 46 mt from 4.5 abt 9 times then there is property development one boom cycel and vroom the profits will zoom.Sit tight and hold on for god knows what price you will see a new high target each year....
listing of Mundra Port IPO ? Are you by any chance late by a couple of years? ...
It is sure that from here it will surely reach Rs.400-500 within next year....
Rs.1,500 seems far fetched for now. It definitely is under valued and has a lot of potential. It may reach 450 to 500 in the short to mid-term. Over the longer term, may be 3 years hence forth, once the Karaikal Port is fully operation and its SEZ in Chennai is up and running it may flirt with and even surpass Rs.1,000....
Marg Constructions rumored to go to Rs.1500 due to the imminent listing of Mundra Port IPO because of Marg`s Karaikal Port. Valuations are very low, hence there are rumors that Marg could reach Rs.1500. ...
Yes i guess it was and hopefully 4-6 circuits more in the immediate future....
Yesterday it was locked in UC. Today may be the same. I heard that a few months back Dalal Street had given a target of 1000 for this stock. I don`t know the time-line....
Obviously some new project announcement would be under works - that could provide the firworks the counter needs --@ 5% circuit for now cant get very far.....
This means two things: either their plan to raise money will not materialize since valuation (market valuation) is not justifying this investment. Or market is not giving right price to Marg share. In case, they are successful in raising this much money, we are sure to see share price above Re-500/ in 12-18 months. I assume they are borrowing this much money for projects. debt obligation is not high for this company. Hence they will deploy this money in projects. A layman calculation shows if you invest 0 million, you are probably creating asset worth more than a billion dollar. Otherwise investment is not justified and no one in this world will lend this much money with out any logic.
Thanks, Jeetendra...
In yesterdays AGM the following was approved among other things:
(a) Approved the raising of an amount not exceeding USD 500 Million by way of ADRs /GDRs / FCCBs and other Financial Instruments.
(b) Approved the raising of an amount not exceeding Rs. 500 Crores by way of Qualified Institutional Placements.
Can anyone confirm what would be the effect on Marg`s share price considering that the market cap of Marg is just 380 crores (USD 76 million approx).
...
BSE Announcements on Marg
Posted by :
MMB MessengerMarg Ltd has informed BSE that the meeting of the Capital Issues and Allotment Committee was held on September 29, 2009 and the Committee has allotted 1,562,100 equity shares upon conversion of warrants. Out of the above 1,450,000 shares were allotted to promoters and 112,100 shares were allotted to non promoters. ...
BSE Announcements on Marg
Posted by : MMB Messenger
Marg Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 29, 2009 and the Board has decided the following:
1. Accepted Resignation of Mr. Gouri Shanker Mishra as Company Secretary and Compliance officer of the Company.
2. Appointed Mr. S Sivaraman as Company Secretary and Compliance officer of the Company.
3. Renamed the "Allotment Committee" as "Capital Issues and Allotment Committee". ...
No mention of this in the 08-09 annual report............anyways Marg today at the 14th Annual General Meeting (AGM) have taken the following decisions:
(a) Approved the raising of an amount not exceeding USD 500 Million by way of ADRs /GDRs / FCCBs and other Financial Instruments.
(b)Approved the raising of an amount not exceeding Rs. 500 Crores by way of Qualified Institutional Placements.
Considering that the market cap of Marg is just 380 crores (USD 76 million) what would be the impact of the above mentioned resolutions on its share price in foreseeable future.
...
