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BSE Announcements on UTV Software
Posted by :
MMB Messenger
UTV Software Communications Ltd has informed BSE that the members of the Company, by way of Postal Ballot, have passed the following resolutions relating to increase the authorised share capital of the Company, consequent change in Clause V of the
Memorandum of Association and for the issue of shares / securities tinder Section 81 of the Companies Act, 1956, with requisite majority. ...
NSE Announcements on UTV Software
Posted by : MMB MessengerUtv Software Communications Limited has informed the Exchange regarding the result of postal ballot. 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). ...
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Posted by :
timnox01
Sorry I do not agree, as pointed out by Samir floating stock of UTV is very low and if Unilazer buys that quantity ie 45lac+ shares from the mkt it will take the share price to a new high which I dont think they wud be interested to acquire as the price wud be much more than 860 for which they cud have converted their warrants in the first place.
It is only bcos utv funda`s presently do not warrant acquisition of shares at such a steep price ie860 that the warrants were allowed to lapse, and it is this logic which prompts me to sell high and buy low at every opportunity....
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Posted by : samirarora
UTV software has a very very low floating stock and hence , while i am tempted at different times to sell at a high and buy back at a lower price, i refrain from doin so, because i dont know when it will happen, but provided utv software remains fundamentally strong, i will end up selling high.. and then will not get an easy opportunity to buy it back.. one has to be careful in holding stocks which have a low free float.. thats all...
Best wishes,
samir....
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Posted by : timnox01In view of the placement of 750 crores there is a offhand chance that the mkt price may be jacked up to around 550 or 575 depending on the market conditions, it would be wise to get off at 575 and get in on a correction for the long haul....
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Posted by :
punit1255In 450 + 86 forfeited they can get the shares at 536 then do you expect them to pay 860 is not sensible but perfrectly logical. You & me too would have done the same....
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Posted by : samirarora
The warrants were convertible at rs.860.00 a share... 10 percent advance was paid, which has been forfeited and warrants have lapsed, with unilazer saying, that they give up the rights to the warrants.
With cmp at 450 and warrants convertible at rs.860, it comes as no surprise that warrants were allowed to lapse without buying into them.
An ideal situation would have been if promoter had bought the warrants at 860, even while current share price is 450.. but this is less than an ideal world..and other than probabaly the TATAs, i dont think any promoter would have bought them..
Anyway, the warrants story is now over, but now UTV is doing a 750 crore placement and now it remains to be seen, what they do regarding this, as i think this is the last stumbling block,we as shareholders will have to pass... needless to say, once this placement is done, our stake in company will half, as equity is going to be diluted, but on the other hand, companywill be worth much more than it is now.. i am looking forward to seeing as to what will happen, as i have no ideas regarding this at this stage.
Best wishes,
samir....
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Posted by : timnox01Remember my message regarding the change of conversion terms of unilazer, they have wriggled out by paying just 10%, goes to show their reluctance in view of utv`s poor show, any comments ?...
NSE Announcements on UTV Software
Posted by : MMB MessengerUtv Software Communications Limited has informed the Exchange that "This has reference to the allotment of 4,532,000 warrants made by the Company on May 6, 2008 on a preferential basis to Unilazer Exports and Management Consultants Limited ("Unilazer") pursuant to the approval accorded by the members of the Company at the extra ordinary general meeting held on March 17, 2008 and in respect of which in-principle approval was granted by stock exchanges. Unilazer was entitled to apply for and obtain allotment of one equity share against each warrant of nominal value of Rs. 10/- each at a price of Rs 860.79 (including premium of Rs. 850.79 per share) The Company has received 10% of the total amount of the warrants on allotment. Unilazer was entitled to convert of the warrants into equity shares within 18 months from the date of allotment. Please note that Unilazer has not exercised its right for conversion of the warrants into equity shares. Accordingly, the aforesaid warrants have lapsed and 10% of the total amount paid by Unilazer on allotment of warrant is forfeited."...
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Posted by : samiraroraThanks for your good wishes!...
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Posted by : caution4500 by 2015,Dream on dear boarders, Dream on, it is indeed good for your long term health....
BSE Announcements on UTV Software
Posted by : MMB Messenger
UTV Software Communications Ltd has informed BSE that :
"This has reference to the allotment of 4,532,000 warrants made by the Company on May 06, 2008 on a preferential basis to Unilazer Exports and Management Consultants Ltd ("Unilazer") pursuant to the approval accorded by the members of the Company at the extra ordinary general meeting held on March 17, 2008 and in respect of which in-principle approval was granted by stock exchanges.
Unilazer was entitled to apply for and obtain allotment of one equity share against each warrant of nominal value of Rs 10/- each at a price of Rs. 860.79 (including a premium of Rs 850.79 per share). The Company has received 10% of the total amount of the warrants on allotment. Unilazer was entitled to convert of the warrants into equity shares within 18 months from the date of allotment.
Please note that Unilazer has not exercised its right for conversion of the warrants into equity shares. Accordingly, the aforesaid warrants have lapsed and 10 % of the total amount paid by Unilazer on allotment of warrants is forfeited."....
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Posted by : samiraroraYes, will be 10X bagger by 2015 (or more)....
gonna re rate
Posted by : Guestafter rerating all its business the PE will come below 10.book value around 500,thus giving a price tgt of 1500 in 3or 4 quarters....
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Posted by : nikki marinenext 1 year u will get 1000rs for sure...
