Tagged: Clarification of Transaction.
June 22, 2020 at 11:33 am #7247June 22, 2020 at 11:40 am #7248
Last time dividend declared was 5% for FY 2015-16. Anything more than that welcome.2+June 22, 2020 at 11:55 am #7249brighter21Registered Boarder
Any one can throw light on the last announcement by the company saying audited financial results ( stand alone and consolidated), does it mean audits of subsidiaries done with???4+June 22, 2020 at 12:55 pm #7250m4max1979Registered Boarder
I think that NO management would announce any dividend if it has an OTS pending with a lender. Hence I feel that either company has already paid off Axis or has understanding with them on when and how much to pay in order to close the loan. Pls correct me if I am being overly optimistic or am entirely wrong in my understanding.3+June 22, 2020 at 2:56 pm #7251odyseeRegistered Boarder
Agree there m4max1979. How can the company announce a dividend without clearing the Axis Bank loan? Surely, that should be the first order of priority if funds permit. Further the policy as enunciated by the company is to pay dividends only from free cash flows. In any event, the dividend can be paid only after obtaining the shareholders’ approval at the AGM. This is unlikely to be an interim dividend (if any) although I may be proven wrong.3+June 22, 2020 at 3:03 pm #7252
More importantly the Daum Issue would have been closed, the company was reluctant to take action citing the Daum issue on a number of occasions. Axis bank is a small sum which would have been taken care by the preferential allotment. Axis bank clearance has the dual benefit of the pledged shares being revoked. Hopefully all the above three issues are out of the way. Only a formal announcement is pending.4+June 23, 2020 at 10:55 am #7280DeepakRegistered Boarder
The company dividend announcent wouldn’t appreciated by market.Company should have focus on increasing the promoter holding as half of the sharholding has been pledged. It will really show the confidence among the market.10 or 20 paisa of dividend is really not useful at this time.5+June 23, 2020 at 12:00 pm #7281BrightVenusRegistered Boarder
Tomorrow at what time board meeting will start? Any body knows it?June 23, 2020 at 1:29 pm #7282sandyc316Registered BoarderJune 23, 2020 at 8:02 pm #7296VALUEBUYER001Registered Boarder
Board meeting on 25 th June 20202+June 24, 2020 at 7:31 pm #7297Investor_2022Registered Boarder
Today’s bulk deals on NSE.
ALPHA LEON ENTERPRISES LLP bought 2500001 @ 9.05.
ALPHA LEON ENTERPRISES LLP sold (just) 1 @ 9.95.
They could have sold all today and made good profit. But they did not.
Does it mean they will hold for long?
In the attached picture – you can find their today’s deals.
Attachments:5+June 24, 2020 at 7:51 pm #7299T9CRegistered Boarder
Since it is in T2T, they cannot sell intraday. But how did they sell that 1 share? They might have bought before also.4+June 25, 2020 at 12:58 pm #7302buffetRegistered Boarder
Any idea when results will come out today? All the best to every1. Hope bumper results, atleast 20% dividend & updates on open issues.
One query- I believe BCG won’t need to pay dividend distribution tax. Last year DDT have been abolished. Am I missing something w.r.t. DDT?1+June 25, 2020 at 1:17 pm #7303
As per money control website results expected between 2230 – 23300June 25, 2020 at 1:21 pm #7304Investor_2022Registered Boarder
Let’s hope that result will not be postponed.
Many companies are postponing it as sebi has given an extension till 31 July for declaration of Q4 result.0June 25, 2020 at 4:40 pm #7305
Yes no DDT this time.. however it will be taxable income in our hand. So if we are in 20% income tax bracket, we will pay 20% tax.
I too hope 20% dividend. But I think they will pay 10%
Also expect at least one announcement on pending issues.
All the best!6+June 25, 2020 at 7:43 pm #7306VALUEBUYER001Registered BoarderJune 25, 2020 at 9:56 pm #7307buffetRegistered Boarder
Results are out on bse. Dividend: Rs. 0.05/share2+June 25, 2020 at 10:06 pm #7308
One more quarter and year of flat numbers….it’s almost 5 years.. hope we will see growth in 2021.
Dividend of 5 pc; don’t understand what purpose it will serve. In fact it may hightlight cash issues company facing. Better no dividend should ve considered.
No announcements on pending issues.
In all avg show.4+June 25, 2020 at 10:17 pm #7309
272 cr invested in business in fy20. Total investment in last 6 years stands rs 1512 cr. This is significantly high and it is interesting to know if we can expect any kind of step change in returns.
In my industry we can set 2-3 big size plants in India with this kind of investment.6+
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