Indian Stock Market

It is the holding company of the Almondz group.
- ZeeNut
On Sep 12, 9:40 pm, “Duby Rex” wrote: > what is the business of Almondz Capital & management services? > > On 9/12/07, ZeeNut wrote: > > > > > > > Economic Times Article of today is reproduced below. > > Link is : > > >http://economictimes.indiatimes.com/Almondz_to_place_equity_with_PE_f… > > ++++++++++++++++++++++++++++ > > > Almondz to place 15% equity with PE investors > > 12 Sep, 2007, 0146 hrs IST, TNN > > > Print > > Save > > EMail > > Write to Editor > > > MUMBAI: Delhi-based financial services firm Almondz Global Securities > > (AGS) is likely to place up to 15% equity with prospective investors > > to raise funds for its expansion plans. > > > The company is in talks with private equity investors and the > > placement could be at a 10-15% premium to the current market price, > > say sources. AGS shares closed 1.4% up at Rs 83 on BSE on Tuesday. > > Scaling a high of Rs 88 on September 7, the stock, in fact, has risen > > 21% in the past one month. > > > “We are exploring various options of raising funds and private equity > > is one of them. A few investors have already shown interest in buying > > stake, but we cannot divulge any details at the moment,” said AGS > > director Jagdeep Singh. He also said the company is planning to raise > > Rs 50-60 crore. The funds will be utilised for retail broking and > > margin funding. > > > Almondz Group is currently in the process of merging the equity > > business of Almondz Capital Markets, a BSE member, with AGS. > > Shareholders of both the companies would meet separately to consider > > the proposal on September 29. > > > At the meeting held on August 6, the AGS board decided to make > > preferential allotment of 15,37,500 shares and warrants to promoters > > and other investors at Rs 80 including premium of Rs 74 per share. > > > Almondz Group provides an array of financial Services including > > merchant banking, infrastructure advisory, debt portfolio management, > > distribution of insurance products, equity and commodity broking. > > > Riding on the back of bullish stock market, Indian brokers have been > > attracting an accelerated fund flows from PE investors for the past > > 3-4 years. After leading stock brokers such as Motilal Oswal > > Securities and Edelweiss Capital roped in PE investors in the initial > > phase of the bull run, many other small- and medium-sized players have > > joined the PE bandwagon in the recent past. Angel Broking, JRG > > Securities and Networth Stock Broking are some of the other brokers > > who have either struck PE deals or are in the process of finalising a > > suitable equity partner. > > > ++++++++++++++++++++++++++ > > > - ZeeNut > > > On Sep 7, 2:47 pm, ZeeNut wrote: > > > KKP, Bhushan, Vikas > > > > The company has ambitious plans & I feel the preferential issue at 80 > > > bucks to promoters ( & a purely financial investor in Bennet & > > > Coleman) was only the first tranche of the money-raising exercise. > > > > It goes without saying that as they start executing their plans, > > > future placements will be at a higher price & could concievably > > > involve strategic investors too. Let’s see . > > > > But for sure the company is going to go places & i expect my latest > > > target of 90 (set in June with a 12 month timeframe) to be taken out > > > sooner rather than later, maybe in Sept itself, else sometime soon. > > > > My opinion is that any preferential issue, since it is subscribed by > > > promoters/strategic investors/financial investors etc who are expected > > > to be knowing better, set’s a reference point for the market. So the > > > preferential issue at 80 in my opinion would have made a price of 65 > > > look appealing to investors if it ever got there, and thus set a > > > “base” for the scrip at 65. > > > > Similarly any future preferential issue (if it happens) at a higher > > > price, would set a higher base for the scrip. > > > > So though short-term reversals might happen, i would suggest a hold on > > > the scrip. > > > > - ZeeNut > > > > On Sep 6, 10:28 am, “Bhushan Shukla” wrote: > > > > > As mentioned by Zeenut, the company has issued Preferential shares to > > the > > > > Promoters only, and there is no Rights issue for ordinary shareholders > > to > > > > partake. So I do not see that move affecting the share price in any > > way. The > > > > company has started to advertise itself on business TV channels of > > late, and > > > > that might mean the company may go for further equity expansion. > > Zeenut is > > > > better placed to decipher the move. > > > > > On 05/09/07, KKP_Investor wrote: > > > > > > Thanks ZeeNutji for bringing this script to our attention a long > > time > > > > > ago. Also, have gotten regular updates on it from you. > > > > > > What is the typical pattern when rights issues come out for any > > stock? > > > > > Do you feel that this script will turn back down due to the selling > > of > > > > > the rights that people will be getting at 80? Usually, does the > > stock > > > > > come down to the price levels of the rights-price-point, then dip > > down > > > > > below rights-price-point, and then continue it’s upward journey? > > > > > > Thanks. > > > > > > KKP > > > > > > ZeeNut wrote: > > > > > > The scrip has touched the 80 Rs mark for the 3rd time in 2 months. > > > > > > Let’s see if it can sustain this time. > > > > > > > Company had announced a preferential issue @ RS 80/- last month to > > > > > > promoters & a financial investor (Times Group). > > > > > — > > > > Bhushan Shukla- Hide quoted text - > > > > > - Show quoted text — Hide quoted text - > > > > - Show quoted text — Hide quoted text - > > - Show quoted text -