Monday, October 1, 2012

SEQUENT SCIENTIFIC - UPDATE






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

25 comments :

  1. Dear Value Pick

    You 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

    ReplyDelete
  2. Hi Value Pick,

    Thanks for your service to all the small investors like me.

    What is your view on ABM Knowledgeware at CMP.

    Thanks in Advance,

    Rajiv

    ReplyDelete
  3. Dear VP
    Request your coveted opinion on VISAKA INDUSTRIES whose profit in Q1 2013 is almost equal to entire year's(2011-12) profit.
    Regards,
    Aravind

    ReplyDelete
  4. What is ur view on mid cap IT stock like geometric hcltech

    ReplyDelete
  5. Sir, any update about NBCC .I hold from 93:50 rs.hold long tearm is better or book profit.

    ReplyDelete
    Replies
    1. No change in my opinion ,will re rate with a sector re rating.

      Delete
  6. Sir,
    What are your views on Sarda Energy and minerals?

    ReplyDelete
  7. Hello Sir,
    I 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

    ReplyDelete
    Replies
    1. Dear Akash

      I 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.

      Delete
  8. sir, i would like to have ur opinion on shivam autotech & nile ltd

    ReplyDelete
    Replies
    1. Not tracking Shivam

      No 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

      Delete
  9. Hi,

    What 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.

    ReplyDelete
    Replies
    1. How the increase of promoters holding become a red flag ? .How business will grow without timely capital infusion ?

      Delete
  10. Hi VP thanks for the update, can you plz tell us the future of Deep Industries and Eros Intl..

    ReplyDelete
    Replies
    1. No faith in the promoters of Deep and not tracking Eros.

      Delete
  11. Hi

    Since the promoter stake will increase by 9% wont this trigger open offer? since they are allowed to hike only by 5% in a year?

    ReplyDelete
    Replies
    1. It is only through preferential offer not through creeping acquisition and no management change is going to happen on this account.

      Delete
  12. HI VALUE PICKJI,
    I APPRICIATE YOUR WORK FOR SMALL INVESTORS SO PLEASE AVOID SUCH A COMMENT WHO BLEM YOUR FAITH.& KEEP YOUR WORK.

    ReplyDelete
  13. 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 !!.

    ReplyDelete
  14. Sir

    Can I purchase Sequent Scientific at this level for 1-2 year horizon

    Regards

    Joyanta

    ReplyDelete
  15. 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

Followers

Tweet TopOfBlogs