Stocks

what is the future ofwis

Posted by : Guest

Guys

This is a big problem for us. Further delay. God knows whether small investor like us will get any returns. Read below news from ET


A couple of stakeholders of Western India Shipyard have filed a caveat before the Goa High Court, pleading a hearing before the court gives an order on ABG Shipyard’s acquisition of Western India Shipyard, report Apurv Gupta & Sumantra Das in Mumbai.

The duo, Kanta Devi Chaudhury and Suresh K Jajoo, have alleged procedural lapses, including failure to secure shareholders’ approval required under the Companies Act, 1956. An official at UTI Asset Management Company, one of the debenture holders in the company, said it too plans to file a caveat.

When asked about the development, a senior ABG Shipyard official said: “The matter is with the court now. Our company will remain neutral until any court order.”

These stakeholders have raised objection to the fact that members of the Corporate Debt Restructuring (CDR) cell have approved the scheme of arrangement between WISL and ABG without any open-tender process on the basis of Expression of Interest. Under the restructuring package proposed by the CDR cell, WISL has already restructured its share capital downward from Rs 108.54 crore to Rs 21.72 crore, and also restructured its debenture liability from Rs 42.48 crore over the years to around Rs 96 lakh through the conversion of its non-convertible debentures of Rs 60 each into six equity shares of Rs 2 each at par as per the scheme of arrangement approved by the Bombay High Court filed with BSE.

As per the scheme, there will be two options; the first option provides for repayment over nine years with conversion of dues in two phases of 36% and 42% into equity shares at Rs 2. The second option provides for a one-time settlement (OTS) repayment of 42% of the loan within 10 days, in terms of the scheme filed with BSE.

The stakeholders have alleged that the scheme was unfair and was being pushed through by the company’s board of directors headed by three nominees of ICICI Bank with the approval of CDR members. It was detrimental to the interests of small creditors, shareholders and non-CDR members. When contacted by ET, an ICICI Bank spokesperson said: “It would be inappropriate for ICICI Bank to comment on client specific issues.” The stakeholders’ charge that CDR members have ignored the views of the non-CDR members like IndusInd Bank, Punjab and Sind Bank, Janata Sahakari Bank, UTI and Saraf/Jajoo and the Chaudhary group (ex-NCD holders).

GHCL

Posted by : SI Forum

Target Rs 120/- Good news ! Good news!!

pranav sanghavis ridiculous view on TD

Posted by : bababull

from rediffdotcom

idea cellular asked, hi what about taladata informatics
PRANAV SANGHAVI answers, Teledata was to issue sares of 3 wholly owned subsidiaries of the company. It had applied to the Courts for the demerger. I have not heard from the company since. I think one should hold if the shares are actualy being issued.

shrt term target 25 6mnt trgt 35

Posted by : raaj2

are yaar this stock will not move up

query on moser baer share

Posted by : arvind.sindwani

I have 300 shares of Moser Baer @ Rs.103. i want to invest for short term. should i hold the stock or exit.

Olympics and karuturi roses

Posted by : Guest

No one has acknowledged that Karuturi is the world leader in rose, he himself is declaring so. He himself gives interview / statements. there is no concrete proof for that. It is like someone on the board will come and say that he has invested 2 crores in share market and got a benefit of 5 crores in a single day. Media and website are there to telecast and display any damn cheap thing nowadays.

calculating tax in Ranbaxy open offer

Posted by : Guest

Hi Boarders,

I have a query regarding the tax aspects of Ranbaxy open offer.

My father bought some shares of Ranbaxy 15 years back and after all the numerous bonus and splits they have become 400 in number. Now if he puts all the 400 shares for the offer, how would the tax be calculated? How would be the acquisition price calculated? I believe that since these are categorized under long term the tax rate would be 10%, but the main question is that how to calculate capital gain. Thanks for help!

Indiabulls Real moves down sharply

Posted by : MMB Messenger

At 2:27 pm, Indiabulls Real Estate was quoting at Rs 292.85, down Rs 23, or 7.28%. It has touched an intraday high of Rs 323 and an intraday low of Rs 290.30. It was trading with volumes of 1,060,307 shares. Yesterday the share closed up 1.53% or Rs 4.75 at Rs 315.85.

Buy Aban Offshore, target of Rs 5555: Hem

Posted by : lion-&-tiger

Dear Girn,

I understand your position - even to me, it is not possible to accumulate beyond certain limit. But, I am convinced that with some reliable information that some one is accumulating. And the brokers using the market trend to hammer it and buy it at cheap. Tell who is ready to sell this gem below 2300??? The transactions you are seeing may be just circular trades to create shock in the minds of small investors. I am a longterm investor as for as this stock is concerned. A good stock available at throw away price. Compare PE multiples of this stock, with it's peers.Therefore I never mind if its market value is temporarily down. It does not make any difference to me. Morever, I take very nominal risk which is manageable to me.

Another stock I am watching SUVEN life sciences. It is another Glenmark in the making. I will buy it once it is available at Rs.22 or below.

These are value buying transactions.

Regards