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target Ts. 125/- within 2 month
Posted by :
ashutoshadesai
yes it is very good case of promoters mis using their board of directors who are normaly friendly with promoters.
also pl note that ICICI sec has recmmended this company`shares for buying.
what kind of analyt and what kind of corpo. government we have in india?
it is always safe to invest in company having a history of good government and investor friendly mindset....
target Ts. 125/- within 2 month
Posted by :
kamanwalasir this company will never give bonus for sure.please check the information and then please put up messages otherwise people will feel that never believe a boarder...
target Ts. 125/- within 2 month
Posted by : karan patni
i have gone through the financial results of man industries as on 30.9.2009 while declaring the results no communication has been given that promotors have been alloted 25 lacs warrant at price of rs 35 per share which they approved in their egm held on 19.6.2009 so whether bse /sebi have given final approvel or not company should make official announcement to shareholders
i am also shareholder of one company name ABC INDIA LTD a TCI GROUP OF INDUSTRIES the promotors of abc india ltd also approved prefferential warrant allotment to promotors in their agm held on 24.8.2009 but it is understood that till date bse have not given their approvel
it is understood that sebi recently have changed the procedure/rules of allotment of prefferential warrants to promotors and due to that lots of approvel have been kept pending in bse man industries should clarify the latest status
i have earlier intimated that book value of man industries shares are more than rs 75 per share so how promotors can be alloted prefferntial warrant at price of just rs 35 per share is it not injustice to various minority public shareholders of man industries
if promotors really want to increse their stake the company should buy back their shares from open market through stock exchanges ...
target Ts. 125/- within 2 month
Posted by :
Guest
it is a good co. having booking order more than 2500 crore , reserve of rs. 380 crore , and it is deling in manufacuting od oil & gas pipes which is big dimand in market.
it thing it is giving Bonus to share holder...
Is it worth Holding MAN?
Posted by : Guest
from peak high price of rs 178 and peak low price of rs 20 promotors of man industries were indulged in buying and selling of their shares
now again they have taken 25 lacs warrant at price of rs 35 per share whereas book value of man industries are quoting at price of rs 75 above
is it not total injustice to minority public shareholders by management
so untill and unless promotors give up their self interest and think for minority public shareholders no one should trust frequent announcement made by management of man industries in media...
Is it worth Holding MAN?
Posted by : Hi-ManSharekhan covers Man Ind with Buy rating target 66...
Is it worth Holding MAN?
Posted by :
SSS333
Pplease provide intelligent rational arguments if it is worth holding MAN Industries. I feel that growth is there in the company but dilution of shareholding is the problem. My Guess is that all the money coming in from dilutuion is going into Capital Expenditure. If MAN has shelved future Capital Expenditures then we should see growth in share price.
SSS...
Big spurt expected
Posted by : karan patni
buy super tannery ltd at price of rs 7 which is available cum bonus already approved in agm held on 30.9.2009 record date of bonus shares may be announced any time
state bank of india indias largest banker have sanctioned secured loan of rs 75 crores to super tannery whereas total market cap of super tannery shares as on date is just 25 crores only which clearly indicate super tannery is very much undervalued stock
i am shareholder of both man industries and super tannery ltd since last two years
but heavily looser in man industries but quiet comfortable in investment of super tannery shares
i have again to write that it was totally wrong decesion of promotors of man industries to allot themselves 25 lacs prefferential warrant /shares at just price of rs 35 per share when book value of man industries is above rs 70 per share
i am holding 3000 shares of man industries as per my view promotors of man industries would have further increased their stake in their company either through issue of right share at face value of rs 5 per share or would have gone for free bonus shares to their shareholders from the reserves of the company
i have gone through the latest annual report of man industries the project of USA has already been scrapped for which they raise money through FCCB amounting rs 203 crores during last financial year as on 31.3.2008 the above bonds may be redeemed at any time on or after 22nd may 2010 the initial conversion price of above bond was earlier fixed at price of rs 143.50 per share later on it was refixed at price of rs 115 per share on 3rd may 2008 which has now been further reset at price of rs 109 on 3rd may 2009
since the current price is just quoting at rs 52 per share what new price will be reset by management further the yearly low prices of man industries is just rs 20 per share
so what will happen to company when they have to return rs 203 crores to FCCB holders including interest in future
so all above factors should be taken care of by investors /shareholders of man industries
if any one give comments in respect to above points shall be highly appriciated
karan patni...
Big spurt expected
Posted by : pitquote
Marginal revenue is equal to marginal cost for optimum profit.
Cheers Venkatagopal
It is a very big theory in Micro economics-
Once your optimum level of production is reached- you have to increase the fixed assets and capital for further increase in the production. take the cost of money and other over heads that will increase along with expansion. So it goes.
If you take our own life style:
You have two kids- if you get the third kid- you must change the house- every one cannot find place. So your over heads go up because of the third. Got it
YOU HAVE ANY THING INTERESTING IN ACCEL - I FIND THAT YOU HAVE SOME THING BUT NOT GETTING IT OUT ...
NSE Announcements on Man Industries
Posted by : MMB MessengerMan Industries (India) Ltd. has informed the Exchange that the shareholders of the Company at its Annual General Meeting held on September 22, 2009 accorded to the following: 1) Adoption of the Audited Balance Sheet as at March 31, 2009, Profit & Loss Account for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon. 2) Declaration of dividend at the rate of 30% on equity share of Rs. 5/- each. 3) Re-appointment of Mr. Kirit Damania who retires by rotation as a director. 4) Re-appointment of Mr. Vijay G. Kulkarni who retires by rotation as a director. 5) Re-appointment of the Statutory Auditors of the Company for the financial year 2009-10....
BSE Announcements on Man Industries
Posted by : MMB Messenger
Man Industries India Ltd has informed BSE that the members at the 21st Annual General Meeting (AGM) of the Company held on September 22, 2009, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2009, Profit & Loss Account for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon.
2. Declaration of Dividend at the rate of 30% on Equity share of Rs. 5/- each.
3. Re-appointment of Mr. Kirti Damania who retires by rotation as a director.
4. Re-appointment of Mr. Vijay G. Kalantri, who retires by rotation as a director
5. Re-appointment of the Statutory Auditors of the Company for the Financial year 2009-10....
USA slaps 31% import duty on Chinese steel pipes....Good for Man Industries. ..Buy Buy Buy
Posted by : karan patni
holding 3000 shares of man industries for last two years
in january 2008 shares of man industries were quoting at price of rs 178 which fell down to rs 20 and now quoting at price of rs 52 recently promotors of man industries alloted them selves 25 lacs warrant at price of just rs 35 which is to be finally converted in to equity
there is agm to be held for year 2009 within this month but till date no annual report of the company has been received by me i have sent one mail to company secretary last week in above respect but there is no response which is not at all appriciated
but however through this message board i would like to ask following question to promotors of man industries
1 why promotors were so much involved in their own script for purchasing and selling their own shares in bse and nse from peak high price of rs 180 in january 2008 and peak low price of rs 20 in march 2009
2 the book value of man industries is above rs 70 per share why promotors of man industries alloted themselves warrant at price of just rs 35 per share it would have been better for we general public shareholders that man industries should have gone for right issue to shareholders at face value of rs 5 per share
or promotors would have buy back their shares from open market considering peak high price of rs 180 per share and book balue of rs 70 per share
3 what about proposal of buy back of fccb there is no official communication in bse website in last annual report there was mention that fccb may be converted in to equity at price of rs 142 per share but considering current market rate of just rs 52 no one will agree for conversion at price of rs 142 so whether man industries will be able to pay back amount to fccb holders in due time
so latest position of fccb should be intimated to we general public shareholders
i again request also to management and particularly to company secretary through this message board to immidiately forward me the annual report of 2008-09
karan patni...
USA slaps 31% import duty on Chinese steel pipes....Good for Man Industries. ..Buy Buy Buy
Posted by : bhaiwrong misleading information, they have scrapped the usa project, though, i agree with very bright future of stock....
Man Industries will zoom to Rs.200......Buy Buy Buy....
Posted by : world investorAccumulate Man Industries and reap the harvest within 2 months....Also recommend Deep Industries.......
USA slaps 31% import duty on Chinese steel pipes....Good for Man Industries. ..Buy Buy Buy
Posted by : world investor
The company has a new manufacturing facility on a 162 acre site at the Little Rock Port in Arkansas, USA.
This unit has the capability of producing 3,00,000 tonnes of HSAW pipes annually. These pipes will be used primarily inthe petroleum industry.
As the chinese exporters will have to pay extra import duties on the steel pipes for the petroleum and gas companies Man Industries which has a prodution unit in the US will benefit on the increased prices on steel pipes in the Us.Accumulate Man Industries and Deep Industries for a 50% jump in the stock..Only for serious investors...
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