Delisted by Promotors - Boon or Curse

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Topic: Delisted by Promotors - Boon or Curse

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smartcat
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Posted: 01/Sep/2007 at 4:33pm

Sell Hind Zinc, buy Sterlite. Are you bearish on Copper by any chance?

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prosperity
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Posted: 01/Sep/2007 at 4:34pm

Also what do you mean by "so long as they dont force me to close out"

Originally posted by Vivek Sukhani

...Prosperity, buying back and getting it delisted is fine so long as they dont force me to close out........

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kulman
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Posted: 01/Sep/2007 at 4:39pm

Another major disadvantage of delisted companies, according to some participants is their price charts can't be plotted to arrive at supports, resistances and targets.

Life can only be understood backwards—but it must be lived forwards

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prosperity
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Posted: 01/Sep/2007 at 4:41pm

Originally posted by smartcat

Sell Hind Zinc, buy Sterlite. Are you bearish on Copper by any chance?

In non-ferrous : I am bullish ONLY on ZINC and LEAD like anything (high OVERWEIGHT RATINGS TO ZINC/LEAD)

I do NOT want to own a market performer like Copper (hence don't want to own Sterlite)

And i know Anil Agarwal also feels the same.... He has said that publically to Shareholders in Vedanta's results summary (2-3 quarters back)... that he is very bullish on Zinc/Lead and not so much on others !!

I have more reasons for my bullishness but that should be a separate thread ....

On the side-note, I wish TV18 to be delisted and only NETWK18 to be listed for reducing the holding company discount ! They can change my TV18 shares to NETWK18 shares ..... GBN they cannot delist .... But WEB18 should be listed ... Waiting for Raghav Bhal to accumulate money through his TV18/personal ventures so that he can has enough cash to get TV18 delisted !!

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smartcat
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Posted: 01/Sep/2007 at 4:52pm

Another major disadvantage of delisted companies, according to some participants is their price charts can't be plotted to arrive at supports, resistances and targets.

I disagree. The support would be the price that the parent of the MNC would be willing to pay. The resistance would be the price below which our local heroes (vivek, prosperity etc) wouldn't even consider the offer. The target would be the price at which the firangis and the local heroes shake hands and say goodbye.

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kulman
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Posted: 01/Sep/2007 at 5:00pm

thanks SmartCat....I didn't realise this.

Life can only be understood backwards—but it must be lived forwards

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basant
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Posted: 01/Sep/2007 at 5:06pm

But on the charts there would be huge gasps!!!I know that the chatlal still has about 15% of his initial eserve position with him. That is what you call a love for a stock or is that another Buffet out there - closing the exchange for 10 years!

'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in

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Vivek Sukhani
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Posted: 01/Sep/2007 at 5:07pm

Well, dad had reckitt and colman in his account....and the management had a court verdict in its favour and so he had to surrender his shares. Although at a profit but I would have never given the share in any other case as I am such a loyal user of Dettol. This is what I mean by closing out the same thing happened in case of sterlite. the management sent a cheque and then sent a later that if you encash the cash it will be deemed that you have accepted the offer. He got tricked and got the cheque encashed. From that day on, he hasnt touched a single share of sterlite group. He has india Foils in a small quantity although a major portion I liuidated when the takeover news was in buzz.

I am toying with the management in case of cadbury's, Organon(formerly, Infar), Ondeo Nalco and SKF. would have liked to do that with syngenta as well but decided against it as the price became a bit too mouth watering. I played a game with abbott as well and although i offered in the buyback but bought more before the offer expired. alfa Laval i didnt participate and will buy more tickets if comes to 940-960 levels.

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