In my previous posting on Sequent Scientific , I mentioned about company's plans to issue further securities to the promoters . Now the company informed BSE that company has allotted 21,00,000 warrants at a price of Rs. 120.75 per warrant (including a premium of Rs. 110.75 per warrant) convertible into 21,00,000 equity shares of Rs. 10/- to the following Promoter Group entities:
Agnus Capital LLP - 10,50,000 warrants
Chayadeep Ventures LLP - 10,50,000 warrants
This will bring about 25.35 Cr to the company and hike promoter stake by 9 % to 64.5 %
This stock moved from an yearly low of Rs.50 and promoters this decision to subscribe warrants at the higher end of the price level is really a confidence boosting factor.
Company's latest Annual Report HERE
Link to the company website HERE
Dear Value Pick
ReplyDeleteYou are so good
1. You are analyzing the stock
2. follow up the stock
3. Advising when to book profit
free of cost
Even promotors are buying this stock means it is good sign
Thank you veru much
Prasad
Hi Value Pick,
ReplyDeleteThanks for your service to all the small investors like me.
What is your view on ABM Knowledgeware at CMP.
Thanks in Advance,
Rajiv
Dear VP
ReplyDeleteRequest your coveted opinion on VISAKA INDUSTRIES whose profit in Q1 2013 is almost equal to entire year's(2011-12) profit.
Regards,
Aravind
What is ur view on mid cap IT stock like geometric hcltech
ReplyDeleteNot tracking both
DeleteSir, any update about NBCC .I hold from 93:50 rs.hold long tearm is better or book profit.
ReplyDeleteNo change in my opinion ,will re rate with a sector re rating.
DeleteSir,
ReplyDeleteWhat are your views on Sarda Energy and minerals?
Hello Sir,
ReplyDeleteI am Akash and a follower of your blog ..
Congrats on your picks and thank you for your noble work ,,I have a question sir ..
Can I enter @ current levels .. I am trying to build a portfolio using your recomendations and considering
1)Sequent Scientific
2)Basant Agro tech
3)GPIL
Please give me your suggestions if I can enter at the current levels.
I am planning to hold the stocks for long term of 2 years.
Thanks and keep the great work going ..
God bless you
Dear Akash
DeleteI have presented my point of view on these stock . Each and everyone should do some own home work and you may get some another angle .Then take a decision based on your risk profile.
sir, i would like to have ur opinion on shivam autotech & nile ltd
ReplyDeleteNot tracking Shivam
DeleteNo change in my previous opinion on NILE and I think my old posting on this company is still relevant
http://value-picks.blogspot.in/2010/03/nile-ltd-aftermath-of-takeover-attempt.html
Do you track Navin Fluorine.
ReplyDeleteNot tracking
DeleteHi,
ReplyDeleteWhat is the need for preferential allotment to promoters ? Isn't it red flag ? Won't it lead to dilution of equity and loss to minority shareholders.
How the increase of promoters holding become a red flag ? .How business will grow without timely capital infusion ?
DeleteHi VP thanks for the update, can you plz tell us the future of Deep Industries and Eros Intl..
ReplyDeleteNo faith in the promoters of Deep and not tracking Eros.
DeleteHi
ReplyDeleteSince the promoter stake will increase by 9% wont this trigger open offer? since they are allowed to hike only by 5% in a year?
It is only through preferential offer not through creeping acquisition and no management change is going to happen on this account.
DeleteHI VALUE PICKJI,
ReplyDeleteI APPRICIATE YOUR WORK FOR SMALL INVESTORS SO PLEASE AVOID SUCH A COMMENT WHO BLEM YOUR FAITH.& KEEP YOUR WORK.
No Problem Man ,Hearing very few allegations like this in the past two years.But my only concern is - such people have nothing to say about the company,industry or some other factors which may help other readers too.Their only problem is some one made money !!.
ReplyDeleteMuch appreciate.
ReplyDeleteSir
ReplyDeleteCan I purchase Sequent Scientific at this level for 1-2 year horizon
Regards
Joyanta
The PID Drugs stock has appreciated and has been re-rated from ~140 in Sep end to CMP of ~200 by Nov end. Do you think we should realize the investment out and invest in other opporunities, or do you still think there is good scope of re-rating, which we can use to buy more into this stock considering a descent risk appetite.
ReplyDelete