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Macmillan India
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MNC Promoter robbing Small Shareholders
Posted by :
saurabh_sh2000Tracked by: 0 Boarder
Buy Macmillan, something is cooking in this counter... Buy , short term target is Rs.160+ .... Good time to buy... low volume stock...V can c dhamal in this stock in few days ..... ...
In reply to:
MNC Promoter robbing Small Shareholders
Posted by :
subramaniam_tce
Macmillan has announce merger & demerger arrangement to consolidate its publishing and outsourcing business in to separate companies. While the consolidation is a good news the catch is that they are making publishing entity unlisted and hence forcing the small investors to sell that to the promoters
=> the brand value is in publishing and they valued the business at meager 69, remember 5 yrs bck all they had was only the publishing business and it was selling at arnd Rs 400
=> If the investor does not respond to the notice, the shares in publishing entity is automatically sold to the promoters and becomes irrevocable after 60 days from issue of cheques :o
=> The stealthy management is aware that most of the small shareholders are not active participant in markets and they don\\`t track any news and leveraging on the lethargy of the investors to cheat them. If these investors haven\\`t updated their current address they won\\`t even notice that they have been robbed :(
=> The most interesting thing is how pricewater coppers valued the publishing business to be 69 / share. 
MNC Promoter robbing Small Shareholders
Posted by : LushkaTracked by: 0 Boarder
The catch lies in manipulating the share down to Rs.140 from 400.The management had this spliting of the company in mind.SEBI people have been bought and allowed them to do this.The company who arrive at this valuation was also bought.It is another Sigur case where farmers (in this case) the shareholders get a raw deal.Nuke deal is approved but you cannot conduct a test.Be happy you will get power(69 Rs.a share in this case).After all it is the Indians with whom the Multi national company like Mcmillan is dealing with.They are here for decades and they know hoe to deal!!!!Our bad luck.Just take it lying down and don't raise your blood pressure....
In reply to:
MNC Promoter robbing Small Shareholders
Posted by : subramaniam_tce
Macmillan has announce merger & demerger arrangement to consolidate its publishing and outsourcing business in to separate companies. While the consolidation is a good news the catch is that they are making publishing entity unlisted and hence forcing the small investors to sell that to the promoters
=> the brand value is in publishing and they valued the business at meager 69, remember 5 yrs bck all they had was only the publishing business and it was selling at arnd Rs 400
=> If the investor does not respond to the notice, the shares in publishing entity is automatically sold to the promoters and becomes irrevocable after 60 days from issue of cheques :o
=> The stealthy management is aware that most of the small shareholders are not active participant in markets and they don\\`t track any news and leveraging on the lethargy of the investors to cheat them. If these investors haven\\`t updated their current address they won\\`t even notice that they have been robbed :(
=> The most interesting thing is how pricewater coppers valued the publishing business to be 69 / share.
MNC Promoter robbing Small Shareholders
Posted by : subramaniam_tceTracked by: 0 Boarder
Macmillan has announce merger & demerger arrangement to consolidate its publishing and outsourcing business in to separate companies. While the consolidation is a good news the catch is that they are making publishing entity unlisted and hence forcing the small investors to sell that to the promoters
=> the brand value is in publishing and they valued the business at meager 69, remember 5 yrs bck all they had was only the publishing business and it was selling at arnd Rs 400
=> If the investor does not respond to the notice, the shares in publishing entity is automatically sold to the promoters and becomes irrevocable after 60 days from issue of cheques :o
=> The stealthy management is aware that most of the small shareholders are not active participant in markets and they don\\`t track any news and leveraging on the lethargy of the investors to cheat them. If these investors haven\\`t updated their current address they won\\`t even notice that they have been robbed :(
=> The most interesting thing is how pricewater coppers valued the publishing business to be 69 / share....
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