Advice
Dear AC Thank You very much for your advice The buy back price is 2036/- it is just for you information Thanks again Niraj Kamdar
On 9/9/07, AC wrote: > > > I found ur this mail later.So… > > I could not find the price on which the company will repurchase the > shares.Please find whether the price is profitable to you or not.A > former report from Indiainfoline is qouted here to calculate if > holding the share is more profitable.But I think both ways u will be > on making profit from this stock.Otherwise u can switch to 4(four) > different stocks for middle term ie. 1. MoserBaer @ 300+, 2. > Bartronics @ 200+ 3. Praj Industries @ 200+ and 4. ICICI Bank @ 900+. > Now here is the report. > Other members may help u more I think. > > Sesa Goa gains as deadline to bid for promoter`s stake set to expire > > Mar 28, 2007 00:00 > > A strong 2.7 lakh shares changed hands in the counter on BSE. > Market reports have it that the world’s largest steel maker Arcelor > Mittal, Brazilian CVRD, Aditya Birla group’s closely-held Essel Mining > and the Anil Agarwal-controlled Vedanta, had completed a visit to the > plant site. They will submit their final bids to Mitsui’s advisor, > Morgan Stanley. > > The four bidders were chosen from six who had submitted their > preliminary bids on 19 February 2007. The two to withdraw from the > race for Sesa Goa were world’s second largest mining and natural > resources company Anglo American and Brazil’s mining firm Rio Tinto. > It is expected that the successful bidder will pay a premium to the > market rate. > > Mitsui & Company, which has put its 51% stake in Sesa Goa on the > block, would have fetched a better premium for its controlling stake > had there been no export duty on iron-ore. The Union Budget 2007-08 > levied a duty of Rs 300 per tonne on exports of iron-ore. In fact, the > stock was going up before the export duty was imposed on 28 February > 2007. The Sesa Goa scrip reached its 52-week high of Rs 2025 on 27 > February 2007. The export duty on iron-ore took the stock to a low of > Rs 1583.90 on 13 March 2007. It had later recovered to Rs 1746.35 by > 26 March 2007. > > The successful bidder will also have to make an open offer to Sesa Goa > shareholders, to buy a further 20%. > > Sesa Goa has a reported reserve of 150 million tonne. Sesa Goa > supplies iron-ore to China, Japan and Europe, and is also the sole > supplier of iron ore to Pakistan Steel Mill, the only steel > manufacturing unit in that country. Sesa Goa’s annual exports amount > to around 5 million tonnes out of Marmagao, Chennai and Paradip port. > > Sesa Goa reported a net profit growth of 23% to Rs 194.94 crore for Q3 > December 2006 versus Rs 157.85 crore in Q3 December 2005. Net sales > for the December 2006 quarter rose 15% to Rs 587.89 crore (Rs 510.37 > crore). > > AC > > > On Sep 9, 12:51 pm, “kamdarni…@hotmail.com” > wrote: > > Dear All, > > > > I HAVE 450 SHARES OF SESA GOA LTD. > > SHOULD I GO FOR BUY BACK OR NO ? > > I WANT TO ADVICE FROM SENIORS PLS ADVICE ME ABOUT IT > > THANKING YOU > > NIRAJ KAMDAR > > > > >
