Cox and Kings (India) Limited IPO Message Board (Page 4)

I have CNK@450 intra day trade should i hold or sell?

340. mukesh Dec 12, 2009 9:36:38 AM IST

thanks Mukesh for sharing your story... mine is similar too.

340. mukesh,

Don't get confused. Just see valuation and take decision.

DO NOT SEE:

1. Greay market premium,
2. Grading of rating agencies as they do not consider valuation aspect,
3. Subscription figures.

In case if your IPO breaches issue price, EXIT booking loss. Don't allow initial loss to grow. You may receover that loss in another IPO. If you see only valuation part, all IPOs may not fail.

Eg: Had you exited Indiabulls Power IPO, you could have made Rs.6 loss. Now, loss grown. You could have recovered that loss in Cox & Kings IPO.

Similary, had you exited DEN, you could have made Rs.15 - 20 loss, but later stock recovered. But don't take chance, most of the times, when IPo stock breaches issue price, it won't recover in short-term.

one month target 630 after 11 jun2010

Dear Mukesh (340)

Well i guess u didnt did your homework, IBP is the ipo for which you should stay away.

I guess DB is also steeply priced, as my analysis says tht P/BV is also stiff.

I am not going to subscribe DB Corp. There can be listing gains but yet i dnt wanna take chance.

Regards,
Vishal

HI all,
I would like to share an experience many would have gone through.
When the present IPO season started, I was very enthusiastic.
I applied for full lots in my, my wife's and my adult son's name.Three DP accounts
Got good/full allotments in Adani power,NHPC,OIL, which were ok.
Then came IB power.
I was thinking if it gives even 3 or 2 rupees per share, I can be happy with decent profit for the 25 day cycle.
I ended up getting totally 6300 shares of IBP.
The listing day was so bad I did not get out.
Also felt that if I sell at a loss of Rs 7/8 per share the loss of 45000 to 50000 will be guaranteed.
Instead of keeping bank balance let me keep this shares of IBP for 1/2 years by which time hopefully it would have revived etc.I need not book the guaranteed loss was the thinking.The shares are still with me.

Had not applied for Thinksoft as it was not even subscribed initially, date was extended etc.You know the full story.

Then came COX & Kings.
Normally I would have applied for full lot under retail in at least one name.Funds are not really a problem.

Because of the bad past experience and low subscription figs for CNK, I applied for only 100 shares.
The listing story of CNK is for all to see.

Why I am giving all this long and true story is because there is a lesson in it for all of us.

1.We should not be blinded by our past experience alone,in this case IBP
2.Greed (again IBP full allotment and easy money prospect) and fear(not applying as much as possible to CNK or Thinkosft) are the bane of small investors.
3.Each issue is independent and to be treated on merits.
4.There is an element of luck too.How a stock can behave on listing is anybody's guess.No certainty.
5.Keep applying.Some will be duds, some will be hits.
6.It is not a one way street for profit.If you are looking for profits, be prepared for losses too.

All the best guys.

I have now applied a bit, 78 shares for Godrej and thinking of one full app for maximum for DB.Let's see.How it works.
Keep playing the game.

more than 50 lacs shares have been marked as delivery by investors on nse. no doubt good funds r buying but the price may not go beyong 450/ tomorrow and then it will come down to reasonable level. as there is a straight gain of more than 30% in less than 25 days for the investors, they may tend to go out of this investment.

This is fundamentally & technically sound co. market may go up / down , this share price can go up down too.........but LONG TERM is BEST BUY at this price too........target 1000+ in 3 years. convert yr FD into this script

WELL I WAS NOT ABLE TAKE DELIVERY AFTER SELLING MY 120 SHARE AT 428 Rs. I STILL WOULD LIKE TO ENTER IN THIS STOCK AT 400 LEVEL. COX&KINGS IS GOOD TO HAVE IN ONE'S PORTFOLIO FOR MEDIUM TERM.

TODAY CAPITAL GROUP A/C SMALL CAP WORLD FUND INC BROUGHT COX&KINGS WORTH Rs 89.69 CRORE

CAPITAL INTERNATIONAL A/C EMERGING MARKETS GROWTH FUND INC BROUGHT COX&KINGS WORTH Rs 21.75 CRORE

RELIALNCE EQUITY OPPORTUNITY FUND BROUGHT COX&KINGS WORTH Rs 41.40 CRORE

RELIANCE TAX SAVER(ELSS) FUND BROUGHT COX&KINGS WORTH Rs 20.14 CRORE

Regards
Vishal

Issue price 330, i st day closeing price 430 , percentage up 30% . outstanding buy order 3 laks shares, all 3 factors,may reach 555 soon enjoy ,wish you happy new year 2010.

VERY FINE ACHIVMENT

Congrats to all those who made listing gains in cox and king today.
Those who failed to invest/apply in this issue I have no words for them. This includes me as well as I am off from IPO for the past one plus year.

Cox and king was amazing, in post market trating there were 3 lakhs buyers, the script will zoom tomorrow as well

gmp never was above rs.18/. it generally moved around rs. 15/. the messages in this column did not inspire to hold this share. i sold the shares at the beginning for rs. 365/. no complaints from myside but i wonder how this grey market behaves. people did not understand the potential of such a hit.

ONE THING WE ALL UNDERSTAND NOW IS THAT THE BRAND NAME IS NOT THAT MATTERS. THE EPS AND P/E RATIO IS WHAT THAT MATTERS. FAIRLY PRICED SHARES LIKE COX & KINGS AND OIL INDIA HAVE SUCCEEDED. THOSE PRICED WITH GREED HAVE FAILED. THERE IS A LESSON FOR US TO LEARN IN THIS. DON'T APPLY IF THE PRICING IS NOT FAIR. HERE I AM SHARING THE HAPPINESS OF ALL THOSE INVESTED IN THIS. I HAVE NOW RETRIEVED WHAT IS LOST IN INDIABULLS POWER.

tomorrow it is going to upperrrrrrrrrrrrrrrrrrrrr ultimate trg 1000 with in 3 months

I HV SOLD 120 C&K @ 428, IF IT COMES DOWN IN INTRADAY I WOULD LIKE TO RE-ENTER 380-395 LEVEL.

GOOD TO HOLD FOR MEDIUM TERM.

Regards,
Vishal

Dear Sanjay,

i am back .I told u i will be back on listing .
Check the price urself and decide which category u come at.

I told you every share comes at fair valuation each day.
The difference was this stock was very cheap among its peer despite been market leader. I think it will hit 20% circuit on Jan 9. In January you will see price close to 600 rs

Remember one thing. Do opposite of what Tulsian says. You will benefit a lot.



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From my experience

I have sold 40 shares of CNK at 408/