Last price hike was done when the crude was more than $ 120 in the international market. Crude went upto $ 147 and retreated to $ 115. Where is the case for further increase in prices. In fact, OMCs have taken the burden upto $ 147 and now they are seeing a relief rally. FORGET ABOUT ANY PRICE HIKE ON PETROLEUM PRODUCTS UNLESS THE CRUDE CROSSES $ 150. Cheers !!!!! ...

We may expect atleast two circuit breakers this week with closing price on Friday the 23rd August 2008 being Rs.27.05. Cheers !!!!! Don't divest your holdings in PNB Gilts in the market otherwise you will repent for carrying it so patiently and benefit going to someone else. Remember time has come. Cheers !!!!!...

You r right. Here is the excerpt from Business Standard of 20th August 2008 :\\`\\`Meanwhile, four companies, including Edelweiss Capital and Goldman Sachs are in the race to buy out the bank from PNB Gilts, which was the first primary dealer to be listed on the stock exchanges.

Source close to the development said that the deal is expected at the book value, which is Rs 40 per share. The company has a paid-up capital of Rs 135 crore and reserves of Rs 392 crore. “The deal is expected at Rs 40-45 a share. This would value the company around Rs 550-650 crore, The company’s share closed at Rs 23.50 on Tuesday.\\\\...

Why there is circuit breaker @ 24.50 with heavy volume buyers ? Any news ?...

32 is a great support for the stock...

Unfortunately, Mr.Puri,MD has been behaving like a politician raising hope for the land development after every quarter on CNBC. However, it has still to see the light of the day. Sharp investors r buying when the share price movements at a low level and unloading with every utterances and hype created for the land development. Undoubtedly, a very good scrip with a clear visibility but no time frame for land-development. It's high time promoters should capitalise on their experiences and try to take some more projects of similar nature. That will really givet further visibility to the company and even the change of name can be considered so as to reflect its wider area of operation. Cheers !!!!!!...

I think by next week we shall come to know how many Expression of Interests have been filed with merchant banker, Enam? That is the first mile -stone. If there r good no of EOIs filed, my calculation says that PNB Gilts prices should firm up. However, if there is lukewarm response for the sale - PNB will be left with only one option i.e. merge with itself. At the moment let us keep our fingers crossed. Cheers !!!!!!!! On a different note bond prices r firming up and 10 year paper yield has come down to 8.9% from a peak of 9.5%. It\\`s a good sign for PNB Gilts as 2nd quarter result should be better as compared to 1st quarter. Cheers !!!!!...

hey totalview be kind to give info abt whats the news. Don\\`t see any BSE announcement but suddenly it has started gng up which surely looks like the stake sale thing has kind of materialized and will be announced sshortly...

There is news in Business Standard that Goldman Sachs, Edelweiss, and two other cos have shown interest in the stock, stake sale could be at premium to book value - expectation of Rs. 40-45. I would take it at a max of 40 though. ...

yes, one can buy at 30-32 levels which is posing as strong support level for the stock. swamy. ...

A old story .. but never forget . some humour Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for Rs10. The villagers, seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at Rs10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at Rs20. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer rate increased to Rs25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it! The man now announced that he would buy monkeys at Rs50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him. In the absence of the man, the assistant told the villagers, Look at all these monkeys in the big cage that the man has collected. I will sell them to you at Rs35 and when the man returns from the city, you can sell it to him for Rs50.\\\\...

Total view are you serious? Shld i sell now?...

dear totalview, I appreciate your true, honest and frank reply my friend. some people are very bullish on this stock. take ashok leyland, they have the problem of scale and capacity. take M&M....there is nothing special...all their models are reporting lower sales. Tractor business is one old type of business models....they are just surviving and there is nothing interesting in M&M. take Maruti, its fairly valued compared to other auto stocks. Take Bajaj and Hero Honda, they are under performers. Take tata motors......which corrected hugely after Jaguar and Land rover brands acquisition. but one has to see the hidden value in Tata Motors. this can give good returns for the long term. tell me, if 691.68 is the buy back price, why the stock is quoting at current low levels? swamy. ...

First quarter'09 loss is purely on the basis of "mark-to-market" losses and purely a provisioning on bond portfolio. Once interest rates cycle which is likely to have almost peaked reverses which is expected around January 2009, there will be reversals of these provisions and consequently profits for the like amount. Right now book value is around Rs.41 as on March'08. Even if we deduct for the first quarter losses BV is around Rs.35-36 which logically a bidder should quote in order to be successful. This is apart from market premium, goodwill and controlling interest premium, setting up cost and time involved for such a venture. RBI is very selective in giving primary dealer licences. Otherwise, readymade option available with PNB is to merge with itself at book value. Worth mentioning is that BOOK VALUE is very close to realisable value (read cash)as PNB Gilts deals in first class govt securities and commercial papers where there is no question of bad debts. There r no issues like labour problem, etc. Total staff strength and managerial stuff is hardly 50. Cheers !!!! ...