DEAR FRIENDS, ALL THESE IPOs COLLECTING MONEY AND PULLING THEIR POCKETS. HIGHLY OVERVALUED IPOs. BECAUSE OF MARKET, THEY WERE PRICED HIGH I HOLD 100 MANAKSIA SHARES AT AN AVERAGE COST OF 162/- MY LOSS NOW AT RS.6000/- APROX. MORE THAN 40%. AS WE HARDLY GET THESE SHARES IN IPOs I DID NOT SELL FOR SHORT RETURN.
ANY WAY RS.2/- FACE VALUE SHARE @ 160/- IS VERY HIGH, SIMILARLY SO MANY OTHER COMPANIES ARE ALSO CHEATING.
THE ONLY THING WE THE RETAIL INVESTORS CAN TEACH LESSON IS:
WE HAVE TO STAY AWAY TOTALLY FROM THESE HIGH RATED IPOS I AM SURE ALL IPOS WILL FAIL, AND THERE WILL BE A REVISION IN PRICES. STAY AWAY WITH MGF ALSO.
I M NRI, & from USA, I know exactly whats going on there.I m warning all my close friends about subprime, I know the depth bof Subprime...........
AGAIN PRIME PROBLEM WILL START IN FEW MONTHS.....THAT WILL BE HORRIBLE.....NO DOUBT INDIAN ECONOMY IS VERY STRONG & OUR GDP ABOVE 8 will help us to survive
Start buyiing 20% of yr fund,if today's fall is morethan 500 points
I realy appriciate your concern and the kind of advise given, But you failed in my eyes because you never mention about the market crash in your comments before.
And you always mentioned about the week fundamentals of this co. So to support that do you have any info in hand ( Pls apart from QIB's withdrawing, Chairman Died etc.....)
If you have calculated the fair value of this share pls Let us know. Very curious to know on what basis you have given the prediction and also show every body that your prediction come to truth not because of Fluke.
It will really help people in your absence also.............
amar, sorry for the interruption.. congrats you won... you won because of the market situation but not because of manaksia :-). i am not really don't know much about this company but when i was going through some of the links came to know that it is a good company. any idea, when the market will stabilize?
refer my coments 462. Amar (220.224.76.46) 1/16/2008 10:18:25 AM IST Report Spam! best buy 95-102.......stay away 467. Amar (220.224.98.3) 1/17/2008 7:17:10 PM IST Report Spam! Small loss is profit than heavy loss.......msg for stpd ppl canvacing to buy
I have been allotted 136 shares in manaksia ltd. but till today shares have not been credited to my demate account. What to do? I have been sending email to intime spectrum but there is no reply from their end. Any suggestions??? Will have to file a complain in Sebi now.. Please reply...
Manaksia sure will reach beyond 260 within few days, sure, this is the only one best profit making metal products; packaging products; mosquito coils; and engineering and others. Metal products include aluminium alloy ingots, rolled sheets/coils, galvanized steel sheets/coils, color coated metal sheets and Sponge Iron. Packaging products comprise of ROPP caps, crown closures, plastic caps and metal containers.Huge profit, u c the market now, even down, manaksia going up.
when the hype surrounding rel power and future will get over this stock will start moving upwards.dont worry. nowdays people dont value P/E but some day or other it will come to its correct P/E
Every day i am coming to office just by thinking that at least today Manaksia will go up and i can minimise my losses. I never seen such a bad share in my life. I agree market is donw and all the share prices are going down. But if i compare with other shares, in the past they went up and now going towards down because of market conditions. But from the day1 of listing i never seen Manaksia in +ve% and all the time -ve% only. TOday it went down almost by 7.5%. I know lot of people who invested in this stock are in big loss and in tense. On the listing day on BSE it's highest price was 248 and today 128, which is almost 50% loss. And if i average it from 08Jan08, daily it is reducing by 7%. Unless the management of Manaksia takes some positive actions it is going to pickup it's price.
when to average manaksia? Is it right time to Average? what is target price after 10 days. I am worried if it goes down below 100 Rs , I will be again in trouble.