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Godrej Industries
Tracked by: 0 Boarder
As per chart of godgrej ind can touch 249~279 within month period who had buy at higher level can exit in current rally max upside is 326 level by sept end....
Back in action
Posted by :
WhatsUPTracked by: 1 Boarder
Amol:
in Feb 2002, godrej industries had come out with a buyback offer at Rs 18 per share
==================================
Therefore with a view to provide an exit opportunity to the shareholders, the Board of Directors of the company is contemplating the purchase of shares from the shareholders.
The salient features of the scheme as under:
1. The Company shall purchase its equity shares, on a date fixed by the Board following the record date, representing not more than 40% of its paid-up equity capital ie 2,46,88,014 equity shares of Rs 6 each
2. The consideration for the purchase to be discharged through cash @ Rs 18 per equity share
3. The purchase price represents a 38% premium to the past six months average market price
4. The share so purchased shall be cancelled
5. The scheme would be subject to approval of the requisite majority of the shareholders,creditors and Bombay High Court
6. If on implementation of the scheme, the public holding reduces to less than 10%, the company's shares would be delisted.
==================================
Right now Bhuruka Gases has also come out with a buyback of shares (the price has not yet been decided) and what I was trying to say was that the buyback price is always done when there is a lot of potential for growth.. In case of bhuruka gases it has 8-12 Acres of land in bangalore Whitefield road, mahadevapura post.
Promoters did a 75% reduction in equity, invested 10Cr after the 75% reduction in equity and now are planning to buyback the stock from the market..I estimate the minimum buyback price to be close to 80-88 levels right now the market price is Rs 35 and current market cap is 49.2CR the company land worth is about 69Cr and bhoruka gases plant is worth minimum 41Cr
Plot map:
URL: htt p:/ /ww w .wikimapia. org /1112034/Bhuruka-Gases-Ltd
Yes godrej industries had a lot of value at Rs 18 and now as you can see it was not worth selling back to the promoters.. at Rs 18/=
You can consider investing in bhuruka gases.. just from the net worth and the buyback opportunity..
=happy investing...
In reply to:
Back in action
Posted by : Amol77
Dear WhatsUP
I am sorry but I did not get your calculations and the entire explanation. Did you mean to say that buy back at Rs 17 was done some time back when the FV was 6 and with the current price how come you are multiplying by 6 and getting that magic 4 figure ?
Please explain to me as I did not understand.
Thanks
Amol. 
Back in action
Posted by : Amol77Tracked by: 1 Boarder
Dear WhatsUP
I am sorry but I did not get your calculations and the entire explanation. Did you mean to say that buy back at Rs 17 was done some time back when the FV was 6 and with the current price how come you are multiplying by 6 and getting that magic 4 figure ?
Please explain to me as I did not understand.
Thanks
Amol....
In reply to:
Back in action
Posted by : WhatsUP
Guest:
I had replied back to this post with regards to godrej industries valuations and the buyback price offered by promoters..
here is the info I am reposting it..
=====================
Godrej industries buyback at Rs 17/= was for a face value of Rs 6/=
considering Rs 1 face value of the current share ..
If you had NOT tendered in the stock.. the current value of Godrej industries is: 184.7 x 6 = 7108.2 so anyone who bought into the idea that the stock is worth only the 52 week average high low and sold godrej industries lost a growth in value of 41,812% ie your money multiplied 418 times from the buyback price..if you were still holding on.
I know godrej industries because I had bought the shares at 35 to 50 levels.. Infact if they have archives in Money control you can see my comments in money control.
Even in Sterlite industries I am sure the story is the same ..with buyback valuation at a steep discount to the actual value.. only thing is one needs to be patient and have the strength to hold the stock..
The stock will swing up and down to drop from the weak hands and get into the strong hands..
Tracked by: 1 Boarder
Guest:
I had replied back to this post with regards to godrej industries valuations and the buyback price offered by promoters..
here is the info I am reposting it..
=====================
Godrej industries buyback at Rs 17/= was for a face value of Rs 6/=
considering Rs 1 face value of the current share ..
If you had NOT tendered in the stock.. the current value of Godrej industries is: 184.7 x 6 = 7108.2 so anyone who bought into the idea that the stock is worth only the 52 week average high low and sold godrej industries lost a growth in value of 41,812% ie your money multiplied 418 times from the buyback price..if you were still holding on.
I know godrej industries because I had bought the shares at 35 to 50 levels.. Infact if they have archives in Money control you can see my comments in money control.
Even in Sterlite industries I am sure the story is the same ..with buyback valuation at a steep discount to the actual value.. only thing is one needs to be patient and have the strength to hold the stock..
The stock will swing up and down to drop from the weak hands and get into the strong hands.. ...
Back in action
Posted by : WhatsUPTracked by: 0 Boarder
This
Godrej industries post was in bhuruka gases section I dont know why? the posts are being transferred from one board to another making no head or tail of the conversation..
bhuruka gases has a buyback proposal from the promoters and we are debating what is a good buyback price..(as the price has not yet been decided) and comparing the buyback done by godrej industries..
bhuruka gases has 12 acres of land in bangalore whitefield road next to dlf technopolis.. we are discussing the ultimate buyback price as right now bhuruka gases has a market cap of just 52.6CR and the stock has gone up by 63% in last 2 weeks..
=happy investing ...
In reply to:
Back in action
Posted by : WhatsUP
Guest:
Godrej industries buyback at Rs 17/= was for a face value of Rs 6/=
considering Rs 1 face value of the current share ..
If you had NOT tendered in the stock.. the current value of Godrej industries is: 184.7 x 6 = 7108.2 so anyone who bought into the idea that the stock is worth only the 52 week average high low and sold godrej industries lost a growth in value of 41,812% ie your money multiplied 418 times from the buyback price..if you were still holding on.
I know godrej industries because I had bought the shares at 35 to 50 levels.. Infact if they have archives in Money control you can see my comments in money control.
Even in Sterlite industries I am sure the story is the same ..with buyback valuation at a steep discount to the actual value.. only thing is one needs to be patient and have the strength to hold the stock..
The stock will swing up and down to drop from the weak hands and get into the strong hands..
Tracked by: 0 Boarder
Guest:
Godrej industries buyback at Rs 17/= was for a face value of Rs 6/=
considering Rs 1 face value of the current share ..
If you had NOT tendered in the stock.. the current value of Godrej industries is: 184.7 x 6 = 7108.2 so anyone who bought into the idea that the stock is worth only the 52 week average high low and sold godrej industries lost a growth in value of 41,812% ie your money multiplied 418 times from the buyback price..if you were still holding on.
I know godrej industries because I had bought the shares at 35 to 50 levels.. Infact if they have archives in Money control you can see my comments in money control.
Even in Sterlite industries I am sure the story is the same ..with buyback valuation at a steep discount to the actual value.. only thing is one needs to be patient and have the strength to hold the stock..
The stock will swing up and down to drop from the weak hands and get into the strong hands.....
Godrej Industries - Target 225.
Posted by :
shareviewsTracked by: 0 Boarder
Buy Godrej Industries with a target of Rs. 225. ...
when is Buy back?
Posted by :
sanecounselTracked by: 0 Boarder
Well unfortunately the buy back is not based on open tender and so will not benefit small investor in the short term.Rs.275 is the MAXIMUM price whereas actual price at which company will buy would be much less. Also only 99 Crores have been earmarked which translates to about 1% of outstanding shares - So this buyback should be seen only as a notional thing at least for the short term.Damani mentioned in last chat about need for being patient in Godrej Industries.While i agree that Godrej Properties IPO can be a trigger in all probability that may be delayed due to the current appetite for real estate stocks,not so benign interest rate enviornment etc .So it seems to my untrained eye to be a 2 year story - Great Brand,good management,but might take more time than many guys expect....
In reply to:
when is Buy back?
Posted by : dvp07
Can anybody let me know what is the updated status of the buy back from the company @275? there is no news after that...I am having 100@240...What should be my strategy? should i book losses or what?
Target 140 - 150
Posted by : GuestTracked by: 0 Boarder
Godrej has only stake in this company...godrej going into other domains does in no way benefit it.Also considering it is a 2 rs stock it is way overvalued already....
when is Buy back?
Posted by : dvp07Tracked by: 0 Boarder
Can anybody let me know what is the updated status of the buy back from the company @275? there is no news after that...I am having 100@240...What should be my strategy? should i book losses or what?...
godrej industries
Posted by : GuestTracked by: 0 Boarder
Ramesh damani is very bullish on this counter...
why not moving above 190
Posted by : satnam sudhuTracked by: 0 Boarder
why godrej is not going above 190 . when it goes above 185 again it come down . even sensex raised 900 points above but it is at the same range...
Expects 20% upside in Godrej Ind: R Shah
Posted by : sp.paloTracked by: 0 Boarder
average on very fall and hold for 5-6 months....
In reply to:
Expects 20% upside in Godrej Ind: R Shah
Posted by : abhishek_kedia
i have 5000 shares at 275 wat shld i do
BSE Announcements on Godrej Ind
Posted by : MMB MessengerTracked by: 0 Boarder
Godrej Industries Ltd has submitted to BSE the resolution passed by the Board of Directors at its meeting held on July 29, 2008....
guidance required
Posted by : PUNTERTracked by: 0 Boarder
How are you saying excellent results? Godrej ind has declared 17.26 cr in june'08 vs 31.96 cr in june'07. Yes, the sales are higher, agreed....
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