Tata Teleservices (Maharashtra)

Buy TTML open offer at 24.7

Posted by : mohanji

Oh! thank you so much smartmanager for correcting me regarding specified dt of ttml.Regards

Buy TTML open offer at 24.7

Posted by : smartmanager

Pls note that Specified Date as per advertisement is 5th December,2008 and NOT 6th December,2008.

Thanks,

ttml

Posted by : KARUNAS

Tomorrow TTML may be in positive mode, it is good buy on dips currently.

ttml

Posted by : samirarora

Dear `balconeyseat`,
That is because the open offer is for 20 percent of free float of ttml and not all 100 percent, which according to a tv channel means, if you tender 1000 shares for buyback, you are assured buyback of atleast approx. 580 shares.., the remaining 420 will be returned to you, there is a chance that more might be bought back which would result from certain segments of people not opting to sell theirs through the buyback.
Hence, if you bought 1000 shares at say rs.20, you are out of 20000 rupees, out of which you will get 24.70 for 580 shares, which is 14325 approx., hence making the remaining shares with you approx. 420 shares , with a net price for you of approx. 5675.00, price per share being approx. 13.50.
The above is just off the top of my head, kindly confirm exactly how its going to go.

Now that sounds nice, but now note this, if a share is bought and sold on the exchange after paying stt, you will get benefit of income tax, which is no tax for more than 1 yr holding or tax of only 10 percent if short term.

If you sell on open offer, i have been led to believe (kindly consult your tax consultant) that since sale is not on a stock exchange, the income tax benefits will not be valid and you will have to pay full tax.

Also, at this time, kindly note price of spice mobile presently, and then see the open offer given for spice mobile by idea and now where spice mobile price is. In my honest opinion, i think spice mobile is therefore a better buy than ttml, or in other words, its best to sell ttml at this time.

This change in opinion has come in me due to the price of 24.70 set for open offer, which has suited docomo and tatas as they open offer is during a global recession. A year back, price of ttml was approx. 64 rupees, and i am sorry for the people who got in at higher prices as they have made big losses. Lakhs and lakhs of shares of were purchased and sold at levels above rs.30 and all those who got in at that time, have made a huge loss.

In other words, was there not a global recession , had lehman bros not declared bankruptcy and all that, this open offer would have been much higher and its only being made in these circumstances, so that ttml could be bought for cheap.

Having said all that, i think ttml would be good in the future and one can look into buying it, post open offer being completed. Under present market conditions, there will be plenty of chances.

I am not a professional and am just a small stock market investor, so if there any holes in my analysis above please forgive me and correct me and do not send me rude messages. I am only trying to help.

Meanwhile, if ttml goes to rs.18 or so, due to market falling, then one can consider buying, but else i dont see the point.

Further, if anyone is interested, one can look at henkel india, marico, gillette, procter and gamble, and praj industries to purchase.

Thanks

Buy TTML open offer at 24.7

Posted by : mohanji

Dear vkk,
Got it....dates are as under
specified dt-----06 Dec
Open dt------08jan09
close dt-----27 Jan09
So I take it that any purchase before 06 Dec wll qualify for open offer...am I right? As per Udyan all held shares should be offered for open offer, as this is best opportunity to get out of this share.What do you say?Regards

ttml

Posted by : Arul

In times like this Tata Tele offers a wonderful BUY opportunity. The target price of Rs 24.70 by the Japanese Company will provide support to this stock. This will become a major player very soon in Indian Telecom sector. The Tata-Japanese combine have wonderful plans.

STRONG BUY.

ttml

Posted by : samirarora

Dear `balconeyseat`,
That is because the open offer is for 20 percent of free float of ttml and not all 100 percent, which according to a tv channel means, if you tender 1000 shares for buyback, you are assured buyback of atleast approx. 580 shares.., the remaining 420 will be returned to you, there is a chance that more might be bought back which would result from certain segments of people not opting to sell theirs through the buyback.
Hence, if you bought 1000 shares at say rs.20, you are out of 20000 rupees, out of which you will get 24.70 for 580 shares, which is 14325 approx., hence making the remaining shares with you approx. 420 shares , with a net price for you of approx. 5675.00, price per share being approx. 13.50.
The above is just off the top of my head, kindly confirm exactly how its going to go.

Now that sounds nice, but now note this, if a share is bought and sold on the exchange after paying stt, you will get benefit of income tax, which is no tax for more than 1 yr holding or tax of only 10 percent if short term.

If you sell on open offer, i have been led to believe (kindly consult your tax consultant) that since sale is not on a stock exchange, the income tax benefits will not be valid and you will have to pay full tax.

Also, at this time, kindly note price of spice mobile presently, and then see the open offer given for spice mobile by idea and now where spice mobile price is. In my honest opinion, i think spice mobile is therefore a better buy than ttml, or in other words, its best to sell ttml at this time.

This change in opinion has come in me due to the price of 24.70 set for open offer, which has suited docomo and tatas as they open offer is during a global recession. A year back, price of ttml was approx. 64 rupees, and i am sorry for the people who got in at higher prices as they have made big losses. Lakhs and lakhs of shares of were purchased and sold at levels above rs.30 and all those who got in at that time, have made a huge loss.

In other words, was there not a global recession , had lehman bros not declared bankruptcy and all that, this open offer would have been much higher and its only being made in these circumstances, so that ttml could be bought for cheap.

Having said all that, i think ttml would be good in the future and one can look into buying it, post open offer being completed. Under present market conditions, there will be plenty of chances.

I am not a professional and am just a small stock market investor, so if there any holes in my analysis above please forgive me and correct me and do not send me rude messages. I am only trying to help.

Meanwhile, if ttml goes to rs.18 or so, due to market falling, then one can consider buying, but else i dont see the point.

Further, if anyone is interested, one can look at henkel india, marico, gillette, procter and gamble, and praj industries to purchase.

Thanks

Avoid TTML: R Jain

Posted by : MMB Messenger

Rajesh Jain of Pranav Securities is of the view that one should ignore TTML at current level.

ttml

Posted by : samirarora

Dear `balconeyseat`,
That is because the open offer is for 20 percent of free float of ttml and not all 100 percent, which according to a tv channel means, if you tender 1000 shares for buyback, you are assured buyback of atleast approx. 580 shares.., the remaining 420 will be returned to you, there is a chance that more might be bought back which would result from certain segments of people not opting to sell theirs through the buyback.
Hence, if you bought 1000 shares at say rs.20, you are out of 20000 rupees, out of which you will get 24.70 for 580 shares, which is 14325 approx., hence making the remaining shares with you approx. 420 shares , with a net price for you of approx. 5675.00, price per share being approx. 13.50.
The above is just off the top of my head, kindly confirm exactly how its going to go.

Now that sounds nice, but now note this, if a share is bought and sold on the exchange after paying stt, you will get benefit of income tax, which is no tax for more than 1 yr holding or tax of only 10 percent if short term.

If you sell on open offer, i have been led to believe (kindly consult your tax consultant) that since sale is not on a stock exchange, the income tax benefits will not be valid and you will have to pay full tax.

Also, at this time, kindly note price of spice mobile presently, and then see the open offer given for spice mobile by idea and now where spice mobile price is. In my honest opinion, i think spice mobile is therefore a better buy than ttml, or in other words, its best to sell ttml at this time.

This change in opinion has come in me due to the price of 24.70 set for open offer, which has suited docomo and tatas as they open offer is during a global recession. A year back, price of ttml was approx. 64 rupees, and i am sorry for the people who got in at higher prices as they have made big losses. Lakhs and lakhs of shares of were purchased and sold at levels above rs.30 and all those who got in at that time, have made a huge loss.

In other words, was there not a global recession , had lehman bros not declared bankruptcy and all that, this open offer would have been much higher and its only being made in these circumstances, so that ttml could be bought for cheap.

Having said all that, i think ttml would be good in the future and one can look into buying it, post open offer being completed. Under present market conditions, there will be plenty of chances.

I am not a professional and am just a small stock market investor, so if there any holes in my analysis above please forgive me and correct me and do not send me rude messages. I am only trying to help.

Meanwhile, if ttml goes to rs.18 or so, due to market falling, then one can consider buying, but else i dont see the point.

Further, if anyone is interested, one can look at henkel india, marico, gillette, procter and gamble, and praj industries to purchase.

Thanks

ttml

Posted by : balconeyseat

a parihar,if buy back is sure for 24.80rupees,then why the price is still 20.50/only, when guarantee gain is there in near future,please explain

ttml

Posted by : a_parihar

NIFTY traders can go long. Interesting development on cards after market hours. Cheers!

ttml

Posted by : Arul

In times like this Tata Tele offers a wonderful BUY opportunity. The target price of Rs 24.70 by the Japanese Company will provide support to this stock. This will become a major player very soon in Indian Telecom sector. The Tata-Japanese combine have wonderful plans.

STRONG BUY.