Gwalior Chemicals sold its chemical business to lanxess for 500 crs and planning to give 100 cr back to the share holders. First 50 crs was to be given through buyback but the offer price of Rs 120 failed to entice the market and the its market price fell by 10% from Rs 95.
Links to study:
updates on buyback timeline
failed buyback offer
Sale of chemicla plant
The market price is 71, 41% discount from the buyback price
Showing posts with label Investment Ideas. Show all posts
Showing posts with label Investment Ideas. Show all posts
Thursday, April 29, 2010
Thursday, January 28, 2010
Cals Soft
The main concern of the small promoter holding is not true. The promoters hold around 75 per cent through GDRs issued earlier. Ref:a. CALS Refinery confident of funds despite a tight market b. Cals Refinery is a BUY
The refining margin is the difference between the price of the finished petroleum product and the cost of crude oil.
Note: Penny stocks can be bought through india infoline. HDFC secs doesnt allow trading in penny stocks.
The refining margin is the difference between the price of the finished petroleum product and the cost of crude oil.
Note: Penny stocks can be bought through india infoline. HDFC secs doesnt allow trading in penny stocks.
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