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hit2710
Senior Member
Joined: 15/Jun/2009
Location: India
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Posts: 4013
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   Posted: 25/Nov/2010 at 4:24pm |
Originally posted by vinvestor
Can anyone explain why the company would want to buy at 400Rs per share (via something similar to tender), when they are trading at 270Rs on the open market? |
It means Rs 400 is the maximum price at which buyback will be done. They usually give the upper limit because buyback extends upto six months from the date of starting buyback and therefore the upper price in case the share price goes up.
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Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
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vinvestor
Newbie
Joined: 19/Apr/2010
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Posts: 9
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Posted: 25/Nov/2010 at 9:01am |
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http://www.bseindia.com/stockinfo/anndet.aspx?newsid=e38f1e79-33bf-4249-bd82-6705866bc75b
hit2710: This is not done the regular buy back way. They are paying 400 Rs per share. Incase of over delivery of shares, they will do it on a proportionate basis (just the way IPO's are over subscribed).
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subu76
Senior Member
Joined: 25/Feb/2008
Online Status: Offline
Posts: 5709
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Posted: 13/Aug/2011 at 10:10am |
When i wanted to buy Navin desperately about 2 years back in my quest to buy a hidden gem Ted folks passionately argued against this company which helped me junk the idea.... I'm thankful to you guys for that Mohan, Smartcap and Curcuit Sirs for helping me avoid this one
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njconsultancy
Newbie
Joined: 19/May/2010
Location: India
Online Status: Offline
Posts: 5
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Posted: 07/Nov/2011 at 7:42pm |
What is the future of navin? i heard that CER will be on review in 2013 and its also going to provide some gas to Nuclear Plant in 2013.
Any Idea???
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gaurav12123
Senior Member
Joined: 17/Mar/2010
Location: India
Online Status: Offline
Posts: 115
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Posted: 27/May/2012 at 3:30pm |
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Navin Fluorine International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 30, 2012, inter alia, has recommended a final dividend of Rs. 6.50/- per share on 97,61,097 equity shares of nominal value of Rs. 10/- each, aggregating to Rs. 634.47 lacs (corresponding quarter previous year; Rs. 829.69 lacs on 97,61,097 equity shares of nominal value of Rs. 10/- each) and a special dividend of Rs. 60/- per share aggregating to Rs. 5,856.66 lacs on 97,61,097 equity shares of nominal value of Rs. 10/- each for the year ended March 31, 2012.
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When I Trade i Try To Earn Infinity.
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gaurav12123
Senior Member
Joined: 17/Mar/2010
Location: India
Online Status: Offline
Posts: 115
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Posted: 27/May/2012 at 3:50pm |
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annual Results in Financial Year 2011-2012
http://www.nfil.in/pdf/NFIL_2011_12.pdf
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When I Trade i Try To Earn Infinity.
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ameydesai
Senior Member
Joined: 27/Nov/2010
Location: India
Online Status: Offline
Posts: 227
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Posted: 12/Jun/2012 at 11:02am |
Originally posted by subu76
When i wanted to buy Navin desperately about 2 years back in my quest to buy a hidden gem Ted folks passionately argued against this company which helped me junk the idea....
I'm thankful to you guys for that Mohan, Smartcap and Curcuit Sirs for helping me avoid this one |
subu - why did they argue against navin fluorine - could you also share the rationale ?
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Arise, Awake and Stop Not till the Goal is reached
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subu76
Senior Member
Joined: 25/Feb/2008
Online Status: Offline
Posts: 5709
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Posted: 26/Jun/2012 at 3:29pm |
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The arguments were mainly around management if I remember correctly
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