Posted by:  Leave it. on ( 21-Jul-08 20:53 ) | | | Price : BSE: Rs 94.70 ( -0.89 % ), NSE: Rs. 93.65 ( -3.40 % ) | To sck2005
I am happy that you made a small investment. The share is given free of cost to the holders of Ramco Industries holders some six years back. Later they issued one right share five years back and another right two years back at a heavy premium of Rs.200.00. There will be no financial figures from the company, every quarter, for the progress of the company worth for analysis or discussion amongst share holders. There will be no no annual comments from the Chairman also at the AGM.
In my opinion,you can get a chance to sell the shares while the right shares are issued, to make some profit.By selling the shares you hold on ex-right basis and buy the right shares at a lower rate to equal number. That difference is a profit till the next right issue is coming. Till date the Brand name alone has given it some strength.It has not gained anything on it's own merit from the market point of view for creating a good trading. If they give some good news, before the intended (and then deferred)right issue, we can speak about it for discussion and not for investment.
V.Krishnamoorthy |
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