Sobha

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Viewing 20 posts - 1 through 20 (of 108 total)
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  • in reply to: General Discussion #27658
    Sobha
    Registered Boarder

    This is 2016 news

    4+
    in reply to: General Discussion #26003
    Sobha
    Registered Boarder

    SEBI banned selling by the promoters either directly or indirectly. But it has not banned purchase of shares by the promoters as far as I understood. Moreover here we are talking about company buying back. SEBI has not said anything about that.

    in reply to: General Discussion #25991
    Sobha
    Registered Boarder

    Some of our Hyderabad friends please think of visiting Hyderabad office.

    in reply to: General Discussion #25956
    Sobha
    Registered Boarder

    Are our Hyderabad friends thinks of visiting BCG office?

    8+
    in reply to: General Discussion #25944
    Sobha
    Registered Boarder

    From a telegram group

    Attachments:
    6+
    in reply to: General Discussion #25942
    Sobha
    Registered Boarder

    From the forensic audit report it appears that the regulator has upheld the audit report of some subsidiaries, which are generating 75% of revenue and profit. The auditing was also done during the period the promoter was selling his holding. During that time the EPS of the company was above Rs 8 and peer PE at a global level was much above 50. By publishing the audit report during that period the promoter could have sold his shares at Rs 300 or more per share. But he has resorted to selling the shares for 3 – 4 rupees (Bonus adjusted). What is the explanation for this?

    The preferential warrant was allotted almost at the same price. So it cannot be shown that the promoter made a huge profit in that.

    It was the period the court case with Daum was going on at the New York Court. The management has a vested interest in under-stating the profit and reducing the share price in order to show to the Court that there was no profit to pay for Daum and the promoter holding in the company is less than what the Daum is demanding. At the all time low, the market capital of the company was near 110 crores (47 crore shares with price of Rs 2. 25) and the promoter net worth in the company was nearly 45 crores(40% holding) which was much less than the demand for 280 crores by Daum. There emerges some probabilities regarding the share selling. It can be that – assuming that the case will go to the Indian Court, the promoter has transferred his shares to some binamis. Another possibility is that some financial institution has trapped him and acquired the shares in the above process. It was a time when a group of FIIS which were earlier invested in the company were in a hurry to exit. It can be that the promoter tried to reduce the share price in order to push them to sell at a lesser price.

    The pledge story has come to the fore after the forensic audit was initiated. It can be assumed, that was for giving an acceptable explanation.

    in reply to: General Discussion #14545
    Sobha
    Registered Boarder

    Any idea about dividend distribution date?

    2+
    in reply to: Questions to ask / Post-Conference Update #14521
    Sobha
    Registered Boarder

    Please ask a question on disappearance of promoter holding of both skr and Vijay

    in reply to: General Discussion #14366
    Sobha
    Registered Boarder

    I do remember, they mentioned 36% to be the promoter holding after acquiring the LLPs. But I couldn’t locate that letter now.

    in reply to: General Discussion #14363
    Sobha
    Registered Boarder

    2+
    in reply to: General Discussion #14362
    Sobha
    Registered Boarder

    From Twitter

    1+
    in reply to: General Discussion #14233
    Sobha
    Registered Boarder

    The dividend policy says about a pay out of above 15% of FCF. In first quarter the expected FCF is Rs 250 cr as per given guidance. So Rs 40cr can be paid out as an interim dividend which is 20p per share. If that is declared with quarter results, it can be paid without AGM approval. That will enhance confidence. Please consider suggesting so…

    in reply to: General Discussion #14230
    Sobha
    Registered Boarder

    Earlier our Hyderabad friends visited SKR in his office. That was very helpful. Can our friends from Hyderabad do it again?

    in reply to: General Discussion #12262
    Sobha
    Registered Boarder

    @ #12249 Kris, It is unlikely that both of them sold. When total number of shares was 50 crore, both were above 1% of that. But with ongoing conversion, total share is increased to 85 crore. So both are below 1% now. That will not be counted as separate names. But will be included in ‘those holding above two lakh rs capital’

    in reply to: General Discussion #11031
    Sobha
    Registered Boarder

    Can somebody explain what happened with daum? skr told – we will be debt free soon – with axis payment. They have made an agreement with daum to pay an undisclosed sum. is it paid?

    5+
    in reply to: General Discussion #11024
    Sobha
    Registered Boarder
    in reply to: General Discussion #10858
    Sobha
    Registered Boarder

    @Logan, little bit time my sound was not working. The total time took was 3 minutes. Judge asked to BCG – what they have done? ans – paid 5crore- more time needed. Some settlement reached.. Judge become angry. … You have got enough time and opportunities. You are taking unnecessary time…. From axis – No information about settlement. Due is 40 cr. 5 cr received. May shifted to March beginning as per convenience of court. Judge said – One more time – March 2nd… over

    in reply to: General Discussion #10848
    Sobha
    Registered Boarder

    Judge was angry in not settling the case. As 5 cr is paid, Axis adv agreed to March beginning.

    4+
    in reply to: General Discussion #10847
    Sobha
    Registered Boarder

    No settlement. 5 cr more paid

    2+
    in reply to: General Discussion #10846
    Sobha
    Registered Boarder

    March 2 date given

    2+
Viewing 20 posts - 1 through 20 (of 108 total)