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1 Comments

1. IPO smart

| Link|January 20, 2022 10:41:24 AMReply

Respected all members
Just received mail from registrar for MOIL buyback. Entitlement 196 out of 1000. Regards

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1.1. ColdBurger

| Link|January 20, 2022 11:29:37 AM

Less than 20% ..that is very bad number!!

1.2. ColdBurger

| Link|January 20, 2022 11:35:22 AM

I too received 196. Ditched 12 k profit before record date and now will heave a small 5k profit at best. Turned out it to be a learning experience only. will sell extra share asap and submit only 250, hope that be be best choice. No onwards i will avoid buyback... i am active not passive investor.

1.3. KAMMA SIVA RAMA KRISHNA

| Link|January 20, 2022 12:34:43 PM

Sir,
I believe that 19.6% ER is not a bad one. AR may be hopefully around 60%. Of course, you only not anyone else can decide regarding your participation in the buybacks. Thank you.

1.4. ColdBurger

| Link|January 20, 2022 1:23:47 PM

@KSRK Sir - Thanks for presenting your guess for AR which is great number but time will tell what happens.. Yes one has to take his call as per one's belief and understanding. Due to market condition and MOIL not crossing 185 before record date and also not expected to cross same before Buyback window end date, people submitting for buyback will be bigger and resulting in less AR. Post buyback tender the price most probably will correct heavily. I was expecting around 18K profit still will try to achieve 12k with open sell + buyback.

1.5. kishenharendra

| Link|January 20, 2022 2:36:47 PM

I would also like to mention that buyback profits are non taxable...so long term investors can tender and profits are tax free. ..one can buy them back from open market again of price doesn't improve

1.6. lokes

| Link|January 20, 2022 4:34:08 PM

kishenharendra : for long term holders, tendering is not beneficial from tax point of view since already the long term holding before 31st Jan 2018 is tax free still and if someone tenders in buyback and then buy again then his new holding will have to pay tax whenever selling in long/short term.

@coldburger: if during buyback period or before, if share price comes around 180-185 anytime then you may consider selling in open market your 800 shares and tender only 196 eligible shares in buyback , to avoid risk of share price going down after tendering period like happening in nucleus software now, from 590 to 540 rs it came in 1 week.

1.7. ColdBurger

| Link|January 21, 2022 7:06:30 PM

@Lokes: I do agree, the market condition is wiping whatever profit i achieve in my portfolio. Waited for Federal to cross 102 and it gave reverse hit. seems time to book small profits. TCS also did reverse.

1.8. lokes

| Link|January 22, 2022 11:55:04 AM

@coldburger: yes, booking profits is good habit when market is at high levels, thats why i informed you to keep stoploss in federal bank so that your profit is protected in case if the trend reverses. ya all shares like TCS etc went down due to unfavorable market in last 1 week. Andi feel MOIL also may not cross 180 till buyback period ends until some positive surprise by market or quarterly result.

1.9. Ou Ai

| Link|January 22, 2022 1:20:28 PM

@lokesh
On the long term holdings there is another view point that even, if capital gains are exempted up to the prices quoting as on 31 Jan 2018, it's better to tender as many as get accepted and seize the opportunity to take full capital gains benefit as on date. With indexes moving by 80% after 31st Jan 2018, and share prices soaring capital gains beyond 31st Jan is also big. Buy Back exempts gains before and after 31st Jan 2018 as well. Buying back the accepted same number of shares post buy back at current levels obviously will not attract benefits of 31st Jan 2018. However, shares bought back at current levels though are not exempted, their prices many times are unlikely to move in the same proportion as they moved past 15 years in linear graph. Take the very example of Ajanta Pharma. Their shares went up by 3 X before the last buy back. On Tendering in last buy back purchased back those shares. Those shares have moved up so far only 20% up to now. So each one has to see his own holding price, period and decide.