Rural Electrification Corporation Ltd FPO Message Board (Page 8)

when is the rec floor price declared .

plese tell me buddy?

UBI Book value of September 30, 2009 is 104,


UBI share of CASA deposits was at
33.95% of total deposits ,This provides it with significant cost advantages over
its peers. According to RBI’s report on ‘profile of banks’ (2008-2009), UBI cost of funds for Fiscal 2009 was
5.78%, which was lower than the average cost of funds of nationalised banks (6.18%) and all banks in India (6.05% )

REC @203 discount of 7 percent not enough.

I THINK IT'S FLOOR PRICE IS BETWEEN 180-190 AND RETAILER WOULD BE SUBSCRIBE VERY LARGLY...BECAUSE OF MAN INFRA AND UBI STANDING IN A ROW...SO THIS IS THE BEST SURPRICED PRICE U LOOK THEM TOMORROW...

REC AT FLOOR PRICE OF RS.203 ALSO LOOKS EXPENSIVE. IT MAY ALSO GO THE NTPC WAY. A PRICE OF AROUND RS.185 WOULD HAVE MADE IT ATTRACTIVE FOR RETAIL INVESTORS.

REC FPO price set at 203/- is it a good bet???

REC FLOOR PRICE Rs 203.

ISSUE OPENS ON 19TH FEB

United Bank of India price band fixed at 60-66 and what more a discount of 5 percent to retail investors.So 3 Issues that are attractively priced.Man Infra,United bank & REC which will be very fairly priced at 200-205.

REC march f&o. 213/214

FLOOR PRICE SHOULD BETWEEN 200 TO 205

Same floor price should decided for REC at 201. 10%discount from current market price.

Sell Sell..........Selll........
This will go the astec way... Rememeber the price of astec lifesciences is 58 at present..........

Book your profit immediately.......

Rama

Discl: I have not applied for syncom IPO.

NTPC shows govt the light; REC may be more attractive

12 Feb 2010, 0053 hrs IST, Deeptha Rajkumar, ET Bureau

MUMBAI: A volitile market and the tepid response to the recent NTPC follow-on issue may prompt the government to price the follow-on public offering
of Rural Electrification Corporation (REC) more attractively, say merchant bankers. Having drawn flak for the manner in which the NTPC issue was handled, the government is looking to avoid repeating the mistakes made in that offering.

“The floor price of the REC issue is likely to be at minimum 8-10% discount to the market price,” said a person familiar with the development. The issue is still under discussion, as investment bankers are grappling with a volatile market environment. The REC board is meeting next week to finalise the FPO floor price for the government’s approval. The offer, which aims to raise Rs 3,900 crore, is expected to open on February 19, 2010.

But a government official said that the issue could be pushed back by a few weeks, so that bankers have more time to market the issue well, especially to retail investors.

“It is difficult to price an issue in an volatile market,” said Brijesh Koshal, head of investment banking at Daiwa Securities SMBC. “At the same time, it is important for the government to ensure that the REC offering is a success. The pricing will have to be attractive enough to draw in the much needed retail participation,” he said.
The market downturn in the past couple of weeks has taken its toll on the REC stock as well. The share price of REC has declined more than 23% in three weeks from a 52-week high of Rs 274.50 to Rs 222.75 at close on Thursday. Investment bankers are of the view that any reluctance on the part of the government to offer the shares at a decent discount, will send a wrong signal to the market, especially to the retail investors.

Prithvi Haldea, Prime Database MD, is of the view that the government’s approach in the NTPC issue was faulty and has resulted in alienating retail investors, and making them suspicious of future PSU issuances also.

“Why would a retail investor subscribe to an FPO if the differential (between the issue price and the market price) is negligible and which he knows can evaporate in just one trading session? And here he has to block his money for nearly three weeks,” he asks.

As far as retail investors are concerned, an FPO can work only in a rising market, where the price differential grows by the day, feels Mr Haldea.

While there appears to be some form of a consensus for a more realistic pricing for the forthcoming PSU issuances, there is some speculation on whether the government should still take the French auction route for its next FPO.
“As of now, indications are that the REC issue will have to be done through the French auction route as it is too late to change the format. However, of the two — REC and NMDC — the latter will elicit a better response through this route given that it is a highly illiquid stock,” said a banker on condition of anonymity.

3rd grade fpo , NTPC, NHPC, Catagry.

18. Selva

You should calculate using charts, Fibonacci & Pivot combined. Chart is available in NSE web-site and Fibonacci / Pivot are available in many web-sites. These are called Trading System.

Trading Systems offer the trader a method of determining support and resistance for a given time frame. They can be used with any time frame, daily, weekly, monthly, even any intra-day chart. A common technique is to calculate Pivots for a variety of time frames using common levels as a way of developing confidence parameters.

Using the Pivot Calculator
--------------------------

Enter previous days High, Low and Close for intra-day trading. Weekly or monthly High, Low and Close for positional trading.

R3 [resistance level 3] = the most extreme high trading range.

R2 [resistance level 2] = the extreme high trading range.

R1 [resistance level 1] = the normal high trading range.

Pivot [the actual pivot point] = where the price should be.

S1 [support level 1] = the normal low trading range.

S2 [support level 2] = the extreme low trading range.

S3 [support level 3] = the most extreme low trading range.

In similar way, use Fibonacci Calculator entering High & Low levels.

Use historical price movement looking at charts to identify exact levels.

Trading systems remove emotion from trading. This has several obvious benefits – for example a trading system will not place an excessively high risk trade due to frustration from a prior losing trade.

You may not understand how to fine-tune levels using charts. You should increase your knowledge by reading technical analysis books or web-sites to gain that knowledge.

Read articles in financial magazines like Business Line, Economic Times etc.

Using both fundamental & technical analysis increases your success rate.

SAAVDHAAN
HOSHIYAAR

Govt. is now coming to LOOT the investors in REC, SAIL and NMDC @ maximum rates!

Govt. is not happy with SMALL LOSS TO INVESTORS in NHPC and NTPC. He wants more and more loss to investors.
Keeping in view the point, Govt. is coming to LOOT the investors in REC, SAIL and NMDC @ maximum rates.

Earlier, so many times I have told that Sell NHPC (Nahi Hai Public Company) @ 35/ - 36/-. Because this is maximum rates on which Govt. has LOOTED the investors. I have also told that Govt. is now planning to LOOT in NTPC, REC, NMDC, SJVNL, SAIL etc.
Govt. is not happy with small loss to investors in NHPC. Govt. want that there should be more and more loss to investors and accordingly Govt. will fixed all the price band in forthcoming IPO / FPO. For example, NTPC price band is Rs. 201/-.
Post listing you will never see the price of Rs. 201/-. But Govt. will be happy as his planning is to LOOT the investors.

Overall, only U will be cry but no one will bother for you. Only, I have sold all the NHPC @ 36/- as I never believe on Govt. Ultimately SEBI, Merchant Bankers, Registrar’s all are brother of Govt.

Further, Govt. is planning to take dividend @ 40% from NHPC and NTPC Shareholders so that there may be more and more loss to NHPC and NTPC shareholders.

Hence, once again HAPPY LOSSES to all those, who have applied in NHPC and those who are planning to apply for forthcoming PSU IPO / FPO’S.

Is there anyone, who can have question to Govt. that why he is LOOTING to public?

Hi Ravi, Bangalore,

i need to know how you are calculating the Support and resistance level. Can u help me out? Appreciated your help!!!

Hi guys,

Please avoid ipo's right now. because
High valuation
Budget time
Negative global cues

Buy Rishabdev Technocable ltd. Reasons:

1. Well beaten down stock. so the risk is very low.
2. Strong Growth expected going forward.
3. Good and brilliant management.
4. EPS is 5 and so the P/E ratio is 3 only. So Valuation is good when we compared with peers.

Current market is around 12. Based on above reasons it might touch 35 minimum within a year.

So why don't U invest your hard money in this stock wisely.
Think about it.
Ur feedback are welcome.
Let me know if you need further clarification.

whether SAIL declar the bonus before FPO ? CNBC inform on today morning

DONT WORRY ABOUT 'REC'

IT IS GOOD INVEST AT THIS RATE ALSO!!!!!!

REC & PFC IS A FUTURE STOCK AND IT WILL GO LIKE LIC HOUSING FINANCE

DONT MISS THE OPPURTINITIES FRIENDS!!!!!!!!!!!!!!!