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gkmurthy1748released 3 more types of oils ==============eps may be around 12-13 rs this year =================4-5 rs as dividend ==============raising 500 cr rs for development ======================keep for 5-6 years ===============...
NSE Announcements on Gulf Oil Corp
Posted by : MMB MessengerGulf Oil Corporation Limited has informed the Exchange that the shareholders of the Company at the Annual General Meeting held on July 31, 2009 have approved all the Resolutions as proposed including: 1) Payment of Dividend @ Rs.1.70 per share. 2) Appointment of Mr. Prakash Shah as Director of the Company. 3) Raising of US$ 100 million by way of issue of GDR/ADR/FCCB or otherwise (as was passed by the shareholders last year).4) Raising of capital by issue of further shares on rights basis and allotment of upto 2,47,86,245 Equity Shares of Rs. 2/- each at a premium of Rs. 30/- per Equity Share"....
BSE Announcements on Gulf Oil Corp
Posted by : MMB Messenger
Gulf Oil Corporation Ltd has informed BSE that the members at the 48th Annual General Meeting (AGM) of the Company held on July 31, 2009, inter alia, have approved the following:
1. Payment of Dividend @ Rs 1.70 per share.
2. Appointment of Mr. Prakash Shah as Director of the Company.
3. Raising of US$ 100 million by way of issue of GDR / ADR / FCCB or otherwise (as was passed by the shareholders last year).
4. Raising of capital by issue of further shares on rights basis and allotment of upto 2,47,86,245 Equity Shares of Rs 2/- each at a premium of Rs 30/- per Equity Share....
Cheers it the upper circuit again ...
good result next target 100 ...
Stock is moving up due to good quarterly results ended June 30, 2009 and oil prices are moving up in the international market. Company is yet to fix the ex-date for rights issue.Short term target should be around 75/-...
Why Stock is Moving Up
Posted by :
nrtstock
Hi,
Can anyone tell me why the Stock is moving Up? Uptp what price the stock may go? I have 2000 @ 89. Should I hold or sell the shares....
I have studied the results ,they are gfood & expected to do well .If you see the other income its 229 million thats good but on what account is the question .& what about the rights issue ,anything for us ? I dont see any annoncement.Can you guide please ...
I hold 500 shares of Gulf Oil, Pls tell me when is the ex-date for Rights Issue and What is the outlook on Gulf Oil.....
what is the cut of date for rights issue.
Can I buy now and still be eligible for rights.?...
BSE Announcements on Gulf Oil Corp
Posted by : MMB MessengerGulf Oil Corporation Ltd has informed BSE about the Financial Results for the Quarter ended June 30, 2009....
Thanks buddy ...
rdkanta was right , thanks to him/her...
Hi, you can wait untill the 31st July 09 and get Dividend @ Rs.1.70 per share and there is a right issue- further issue of equity shares of Rs 2/- each at a premium of Rs 30 per share in the ratio of one share for every three shares held by the existing shareholders of the Company. Overall lubricants and explosives business is doing well and they are also developing land in bangalore ...
Disturbing land re-revaluation
Posted by :
chriskb
From 2008-09 Annual Report:
Land meant for property development situated at Bangalore and Hyderabad had been revalued as at 31 March, 2008,
based on a valuation by an approved valuer. The resultant surplus on such revaluation amounting to Rs.183,896.69
Lakhs had been credited to Revaluation Reserve last year. In view of steep recession in the realty sector, management
st has reassessed the valuation of the aforesaid properties as on 31 March, 2009 and based on the guidelines issued by
the Registration and Stamps Department of Karnataka & Andhra Pradesh, the value of the subject lands has been
reassessed and, the resultant surplus on revaluation amounted to Rs.43799.82 lakhs. The resultant write down
aggregating to Rs.140096.87 Lakhs has, in accordance with the requirement of Accounting Standard-10 “Accounting for
Fixed assets” been debited to Revaluation Reserve.
...
