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Posted by :
NAUGHTY007GIVE A LIST OF UR HOT PICKS GIVEN EARLIER...
INTRADAY HOT PICKS
Posted by :
bobobaiINTRADAY HOT PICKS...... MORE THEN 90% ACCURACY ....... PAY ONLY AFTER SUCCESSION OF TIP........ FOR TERMS AND CONDITIONS CALL AT 9780139933...
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Posted by : NAUGHTY007
WHAT DO U THINK ?
Anand Rathi Securities has come out with a research report on Aban Offshore. The research firm has reiterated buy rating on the stock and raised target price to Rs 2,200, in its report dated November 20, 2009.
"With an improved balance sheet and stronger earnings outlook (EPS CAGR of 60% over FY10-12e driven by 100% rig utilization), we expect Aban to be re-rated. We raise our one-year forward target PE multiple to 10x (earlier 7x) in line with international peer average and raise our target price to Rs 2,200. Reiterate Buy" says, Anand Rathi Securities....
NSE Announcements on Aban Offshore
Posted by : MMB MessengerAban Offshore Ltd. has informed the Exchange that the duly authorized Committee of the Board of the Company has, at its meeting held on November 20, 2009, allotted 56,97,135 fully paid equity shares of face value Rs.2/- each of the Company ("Equity Shares") at an issue price of Rs.1,224.30 per Equity Share (including a premium of Rs.1,222.30 per Equity Share), aggregating to Rs.697,50,02,380.50 (Rupees Six hundred ninety seven crore fifty lakh two thousand three hundred eighty and paise fifty only) to QIBs by way of a Qualified Institutions Placement under Chapter VIII of SEBI ICDR Regulations....
BSE Announcements on Aban Offshore
Posted by : MMB MessengerAban Offshore Ltd has informed BSE that the duly authorized Committee of the Board of the Company has, at its meeting held on November 20, 2009, allotted 56,97,135 fully paid equity shares of face value Rs. 2/- each of the Company ("Equity Shares) at an issue price of Rs. 1,224.30 per Equity Share (including a premium of Rs. 1,222.30 per Equity Share), aggregating to Rs. 697,50,02,380.50 (Rupees Six hundred ninety seven crore fifty lakh two thousand three hundred eighty and paise fifty only) to QIBs by way of a Qualified Institutions Placement under Chapter VIII of SEBI ICDR Regulations. ...
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Posted by : NAUGHTY007YES A CENTURY JUMP BY EXPIRY POSSIBLE...
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Posted by : NAUGHTY007WILL IT CROSS 1400 TOMM?i have not ever heard of agar in...
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Posted by : jaideepsahaBuy Buy Buy....
NSE Announcements on Aban Offshore
Posted by : MMB MessengerAban Offshore Ltd. has informed the Exchange that in respect of issue of equity shares of face value Rs.2/- each of the Company ("Equity Shares") to QIBs under Qualified Institutions Placement in terms of Chapter VIII of SEBI ICDR Regulations, the duly authorized Committee of the Board of the Company has, at its meeting held on November 17, 2009 decided to close the bid period, and approved the issuance of up to 5,697,135 Equity Shares at a price of Rs.1224.30 per Equity Share (including a premium of Rs.1222.30 per Equity Share), aggregating to Rs.697,50,02,380.50 (Rupees Six hundred ninety seven crores fifty lacs two thousand three hundred eighty and paise fifty only). Further Company has inform that the floor price in respect of the aforesaid Qualified Institutions Placement, based on the pricing formula as prescribed under Regulation 85 of Chapter VIII of SEBI ICDR Regulations, is Rs.1224.28 per Equity Share, and the Relevant Date for this purpose, in terms of Regulation 81 (c) of Chapter VIII of SEBI ICDR Regulations, is November 13, 2009....
BSE Announcements on Aban Offshore
Posted by : MMB Messenger
Aban Offshore Ltd has informed BSE that in respect of issue of equity shares of face value Rs.2/- each of the Company ("Equity Shares") to QIBs under Qualified Institutions Placement in terms of Chapter VIII of SEBI ICDR Regulations, the duly authorized Committee of the Board of the Company has, at its meeting held on November 17, 2009 decided to close the bid period, and approved the issuance of up to 5,697,135 Equity Shares at a price of Rs.1224.30 per Equity Share (including a premium of Rs.1222.30 per Equity Share), aggregating to Rs.697,50,02,380.50 (Rupees Six hundred ninety seven crores fifty lacs two thousand three hundred eighty and paise fifty only)."
Further the Company has informed that the floor price in respect of the aforesaid Qualified Institutions Placement, based on the pricing formula as prescribed under Regulation 85 of Chapter VIII of SEBI ICDR Regulations, is Rs. 1224.28 per Equity Share, and the Relevant Date for this purpose, in terms of Regulation 81 (c) of Chapter VIII of SEBI ICDR Regulations, is November 13, 2009. ...
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Posted by : jmanoj
Buy at these levels:
Aban Offshore’s successful qualified institutional placement (QIP) of equity shares comes as a major positive development for the debt-ridden
company, which had recently rescheduled its debt obligations.
With an outstanding debt of over Rs 16,600 crore, the company’s debt-to-equity ratio stayed above 9.5 for the year ended March 2009. This will now ease to below 6, after the QIP placement. This equity infusion and earlier debt rescheduling signal an attempt by the company to overcome key hurdles to performance — both financial as well as relating to the stock market — over the past couple of years.
With oil prices rebounding above the level, Aban Offshore has been able to deploy 17 of its vessels and has just three jack-up rigs idle presently. This, along with the improvement in the global E&P industry, has helped ease the concerns of the analyst community. Most brokerage houses are now offering a ‘hold’ or ‘buy’ recommendation on the company.
Source: ET...
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Posted by :
santoshchnThis company still having mountain of debts. ...
