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if you are giving target of 14 rs . then why you are asking prmoter or anything .
i am sure u know every thing in deep.
or may u are joking by giving target
haaaa haaaaaaa. what a joke !...
BECAUSE they will buy at 0.25 paise ,that is what they say to close people ....
How is the Cals management. Are promoters have good track records. Please answer as I want to invest in this stock as all other things are looking real....
Buy Cals -Target 14.25 by July 2011...
Please check Gammon infrastruture.. Looks Good Bet for long run.
Thanks,...
path for achive our goal in Equity Mkt....
Hi ranan,,
could you post the link here..for following post. tried to findbut couldn`t on icicidirect. please.
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Icici technical analysys showin that cals will be reaching 0.01-0.06 rs.
Price Bars | Candlesticks | Line | Mountain
You may find additional events by using the Historical Technical EventŪ Lookup.
View Event Date Event Opportunity Type Close at Event Target Price Range
Nov 23, 2009 Descending Continuation Triangle Long-Term Bearish 0.53 0.01 - 0.06
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buy immediate shukun construction, planning to take this share above 2 very soon...
Like sensex fall(bearish) all start telling makt will go down n down..when start up movement , statement changes all start saying upward move.. no prudent msg from any body..likly same thing with cals........but i blv in this stock.time will come when all will recomend to buy at higher price. so you can try ur luck. We all know its a game of luck only....
What is delisting?
For the uninitiated, delisting is a process by which the shares of a company are taken off the stock exchange. In other words, the trading in the shares of the company cannot be continued hereafter.
Why do companies delist?
Delisting can happen on two situations and can be done by the stock exchange or by the company itself. If it is done by the stock exchange then it is called compulsory delisting and if it is done by the company itself it is called voluntary delisting.
In the case of compulsory delisting, the stock exchange might remove the shares of the company if it finds that there is a breach of, on the part of the company, the legal requirements of the stock exchange. This has got its own process.
In the case of voluntary delisting, the company voluntarily would decide to go for delisting and remove its shares off the stock exchange. This is a lengthy process because the interests of the shareholders are involved. The voluntary delisting requires the mandatory meeting of all regulations including approval from board members, providing an exit opportunity for all public shareholders at a price quoted by them, and in-principle approval from the stock exchange among others.
Will the new steps taken by SEBI give more powers to investors?
Delisting in India is protected by one of the strongest laws in the world. According to the new Sebi delisting regulations, delisting can happen only in the rarest of rare cases.
The new provisions in the regulation do not allow a company to delist its shares by way of buy back of equity shares and through preferential allotment. A company cannot delist its shares if its equity shares are listed on any stock exchange for less than 3 years. The regulation does not allow the convertible securities to be delisted. Delisting is prohibited in the case of outstanding instruments that could be converted into equity shares sought to be delisted.
If delisting is proposed it should comply with the following points laid down by the new regulation:
One, the number of votes favouring the delisting by public shareholders that is other than the promoter shareholders should now be at least twice the number of votes posted against the move.
Two, a new procedural dispensation that requires the stock exchange`s `in-principle` approval at the beginning itself has now been made mandatory. This will be followed by the requirements that should be complaint with the rules and help determine the initial price and the final offer price which should be accepted. Then, the final approval of the stock exchange should be sought within one year from the date of passing of the special resolution seeking delisting of the company`s shares.
To safeguard the investors, the new regulation has said that all shareholders would be required to be given an exit opportunity at a price determined by them. The offer price at which the shareholders may be purchased will be determined by the price at which the maximum shares offered by the acquirer. If the acquirer already has more than 90 percent shares, acquiring just one share to comply with the delisting regulation cannot be considered as successful delisting. The acquirers should buy at least 50 percent of the offers under the buy mode.
If the offer is successful, then the remaining shareholders can tender their shares to the promoters at the same price at which shares were accepted in delisting up to period of one year from the date of delisting.
On the issue of relisting, the company which opted for voluntary delisting cannot relist its equity shares for 5 years from the date of delisting.
The new delisting regulation which has given more teeth to the system, makes delisting more tough than before and gives more power to the investors....
It is painful to note that so many companies have been able to complete the process of Financial Closure in the recent past but Cals Refineries in spite of committment of CEO that Financial Closure will be over in July 2009 is yet to complete the same.
Over 4 months are almost over since the said announcement and no concrete news regarding Financial closure is being given by the company.
In this context it may be noted that the company through its Complaint Officer Sri S.K.Jain is replying nothing specific through e-mail stating things like ...
I don`t think its possible in near future. Otherwise , it will become more dear to traders and suicidal point for less informed retail investors....
hi anyone tell why the promotors does not buy a single share of cals in the quarter of june to sep 2009 they dont believe their performance or anyother reason they have only 0.11% of shares in every quarter...
It is not the UC.. Some one hardly pulling back.. Dnt know till what level they gng to increase.. The Game will continue...maybe till 60 paise again to 50 paise range.. LEt uc c....
u can get it from bseindia...
