Archidply Industries

BSE Announcements on Archidply Indus

Posted by : jdosvd
Price when posted : BSE: Rs 29.00 ( -2.03 % ), NSE: Rs. 28.50 ( -3.72 % )

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No,No,No! Thank U but I am not taking the interim dividend please.If we consider its price of 29 vis a vis comparative ratios of other IPOs which have ruthlessly fallen then this stock has still a long way to fall.Yes,in yesterdays ruthless free-fall market its not falling??. Manipulation,manipulation and more manipulation as stock has no buisness to be above 14 levels.
After stock becomes ex-dividend same story: 1)The ruuuussssh to sell the stock.2)the continous fall of the stock 3)Lamentation that the meager dividend to be received is small compared to the loss of capital appreciation on the stock!
Even if we compare this stock with its peers eg Greenply/Century etc its quite expensive.But......its well supported on the bourses.
P.S.Small investors: Caveat Emptor! See Birla Cotyspin.It announced 5% dividend.So it was well supported at Rs 6(Recent IPO at Rs 14) and above cum-dividend few days back.Now its ex-dividend and yesterday it closed at 3.50 with lot furthur fall left.Also its quarterly results are out and it has shown only Rs 22 lakhs profit! Caveat Emptor!...

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BSE Announcements on Archidply Indus

Posted by : MMB Messenger

Archidply Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 20, 2008, inter alia, has declared an interim dividend of Rs 2 per equity share(20% on par value of Rs 10 per equity share) for the financial year 2008-09 to all categories of shareholders excluding Promoters & Promoters Group Shareholders of the Company in lieu of treasury income from IP0 proceeds. The Promoters and Promoters Group Shareholders have waived their right to receive interim dividend for the year ended March 31, 2009.

NSE Announcements on Archidply Indus

Posted by : MMB Messenger
Price when posted : [Archidply Indus - BSE:Rs. 29.65 NSE:Rs. 29.50 when posted]

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Archidply Industries Limited has informed the Exchange regarding Utilisation of Initial Public Offering (IPO) Proceeds. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...

BSE Announcements on Archidply Indus

Posted by : MMB Messenger
Price when posted : [Archidply Indus - BSE:Rs. 30.00 NSE:Rs. 30.60 when posted]

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Archidply Industries Ltd has informed BSE that November 05, 2008 has been fixed as the Record Date for the purpose of payment of interim dividend....

NSE Announcements on Archidply Indus

Posted by : MMB Messenger
Price when posted : [Archidply Indus - BSE:Rs. 28.00 NSE:Rs. 28.00 when posted]

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Archidply Industries Limited has informed the Exchange that the Board of Directors of the Company in their meeting held on October 20, 2008 interalia has declared an interim dividend of Rs.2 per equity share (20% on par value of Rs.10 per equity share) for the financial year 2008-09 to all categorises of shareholders of the Company in lieu of treasury income from IPO proceeds. The promoters and Promoters Group Shareholders have waived their right to receive interim dividend for the year ended March 31, 2009. Further, the Company has informed that the Record Date for the payment of interim dividend is fixed on November 05, 2008....

BSE Announcements on Archidply Indus

Posted by : MMB Messenger
Price when posted : [Archidply Indus - BSE:Rs. 28.10 NSE:Rs. 28.05 when posted]

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Archidply Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 20, 2008, inter alia, has declared an interim dividend of Rs 2 per equity share(20% on par value of Rs 10 per equity share) for the financial year 2008-09 to all categories of shareholders excluding Promoters & Promoters Group Shareholders of the Company in lieu of treasury income from IP0 proceeds. The Promoters and Promoters Group Shareholders have waived their right to receive interim dividend for the year ended March 31, 2009....