Feedback Message Board

Yes Siva ji

Both time and price correction happened and that's why I think worst has already been priced in
Have already bought in one account(2l) at average price of 3500 and had 40 shares in another(previous buyback), waiting for more correction to buy more

So participating in this

Do rate the helpful posts

@KAMMA SIVA RAMA KRISHNA Ji, I bought 20 shares @3800 earlier. As of now, the price has come down to the territory of 3350. Would you recommend any strategy to cut down the overall loss at this price? Shall we go for averaging out or some other strategy to get the buyback benefits? Thanks in advance!

Bought some more today
Now in both the accounts 2lakh worth of shares
Let's see where it bottoms out

@techuser
Although you have asked Siva ji, I read your query and thought I will answer, it might help

If you need money urgently and there is no option, yes, go ahead and liquidate

Else, sir tight, hold the shares, nobody can predict where it will bottom out but 3350 would be an excellent price for TCS to hold(if you sell it now, you only get this price), tender your shares once the buyback opens and hold the unaccepted shares for long term, I don't think TCS can fall much from here(5-10% fall should not be alarming for a long term investor and I don't expect TCS to fall more than 10% here)


Rest Siva ji can explain if he feels differently

Do rate the helpful posts

@Aaashish ji, Thanks a lot for your insightful views on this.

I was about to ask this question, by that time you had already posted this 👍👍. Thank you Krishna garu

Buyback is through the Open Market only.

KSRK Sir
I heard buyback news of Hinduja global (HGS). Any news of HGS .
What is the difference between open market and tender offer?

The information sought at another site INVESTORJONE is submitted herewith for the benefit of the anxious readers :
https://www.nseindia.com/market-data/tender-issue-information?symbol=MPSLTD&type=Active
Thank you.

As per yesterday EOD data 28 lakhs tendered against 9.40 lakh buy back offer.

I will try in this.

I missed good opportunity in goldiam, I will try in this. Luckily my eclerx came above my buyback price.
Hope it will stay above 2300 after unaccepted buyback shares are credited back in demat also.

Kamma ji can u please describe meaning of AR and ER as I haven't participated in any buy back .... Thinking of buying shares for buy back

Kamma Siva sir or anyone else can u please all main things about buy back as I am new to buy back ...

🙏 Thanks

@kamma sir can u please explain all main things about buy back as I am new to buy back don't know how buy back works ...

Thanks

@have faith: you can read below article once. you will come to know everything about buybacks. if any more information needed let me know.

https://investorzone.in/everything-about-the-buyback-you-want-to-know/

Thank you very much @lokes for sharing thi s.
Please tell in how many days will shares be accepted by the company and unaccepted shares will be returned within how many days after closure of issue.
After record date how much time company takes to open issue .

All these details will come when actual buyback opens and buyback dates are announced, like for eclerx buyback was open from 18th oct to 1st nov for tendering shares means till 1st nov we can tender shares or till when broker allows, like zerodha usually allows 1 days before.
And last date for finalization of buyback was 8th/9th nov so during 8th/9th, we will come to know about final AR and in 1-2 days money comes in bank account say 10th nov and mail also comes usually from registrar for buyback acceptance and contract note comes from broker like zerodha and unaccepted shares comes back in demat in 1-2 days say 10th/11th nov.
After record date, its upon company to company, when they open the issue. In eclerx, record date was 30th sept and buyback opened on 18th oct so it may be anything between 15 to 30 days approx.

Some more info below :

https://www.chittorgarh.com/article/buyback-of-shares-meaning-procedure-and-taxation/517/

https://support.zerodha.com/category/trading-and-markets/corporate-actions/articles/how-do-i-apply-for-buy-back

@lokes thank u very much ....You had done a great for new bies like me ...I will participate in upcoming buyback and then I will get more clarity......If after record date I buys more share of that buy back company then it will not be able to sell those additional shares untill acceptance of buy back shares ...as Shares are sold on FIFO basis ?

@lokes did u averaged out Cartrade as it is daily making new lows ...and any views on CARTRADE

@have faith: there is nothing like FIFO etc. Buyback eligibility is as per shares held on record date. Like shareholder category in IPOs. After record date, you can sell existing shares, buy new shares can do anything anytime. It's just before tendering in buyback when it opens, that time whatever number of shares you want to tender in buyback, you should have those in your demat obviously that time. No matter you bought them 2 days back or those are same shares shares which you bought before record date. Simple.

Regarding cartrade, I missed to buy that day to avg and didn't do after that and yes it's becoming big headache and market also not supportive now.

Thanks @lokes for such a good explanation ....yes cartrade is a big headache

Yes....thanks @ADMIN for this.
Also Thank you for implmenting my request of "track replies" option also in buyback messages.

Hi KAMMA SIVA RAMA KRISHNA,
I am new to buybacks. till now i just particiapted in eClerx buyback only. Could you please provide some strategy on MOIL buyback? how many share do i need to buy minimum? and how many of them will be accepted? will it be profit for small retail share holders?

A few shares are purchased @ Rs.458/- on a second thought today. Let me face the music.

congrats KSRK sir, today it moved above your buy price....

KSRK Sir ji,
If I buy aksharchem shares tomorrow(10th nov), shall I be eligible shareholder for buyback purpose?

Sarita ji,
Unless there is some problem, the shares will be credited on 12/11. The size of the buyback is very small. This aspect is also to be taken into consideration before purchasing the shares. It all depends upon the risk appetite of each individual. All the best to you.

@KAMMA SIVA RAMA KRISHNA Sir,
Please tell about MOIL buyback, is it a good buyback opportunity?
What could be AR/ER in MOIL.
Always waiting for your guidance on buyback

Sir,
Yes, a good opportunity. As the buyback size is pretty good and the difference between the CMP of Rs.174/- and the buyback price of Rs. 205/- is not that much, I think that the AR may be around 60% to 70%. All the best. Thank you.

@rahulagg: I also agree with KSRK sir.

In moil, size is big but buyback price is not attractive, very less appreciation as per today closing price and tomorrow if it will open higher then again gap between cmp and buyback price will reduce but it will have good acceptance ratio due to big size. I was already holding moil shares anyways. will decide further action as per price movements.

@KAMMA SIVA RAMA KRISHNA ji - I've sold all my holdings after record date above 1100. How many shares do you suggest I buy at 950. I held 115 shares on record date, so i think buying 10 shares now should be more than enough?

Sir,
It’s better to purchase the no. of shares held on record date as the CMP of Rs. 950/- is a reasonable one and the chances of drastic fall after the buyback are less. Thank you.

Awesome! thanks for the update. My buy list is ready for Monday.

It seems SHK result is bad. Is it good opportunity to enter around 147/-? As always all of us in this forum is grateful to KSRK for his valuable feedback and advise

CMP is around Rs.144/-. The reason for the downfall may be the bad results. Today I have purchased 700 shares @ around Rs.150/-
I am hopeful that a reasonable profit can be earned regarding the buyback of the shares at the CMP.

KSRK ji,
Many thanks.

Sarita ji,
Great Guru ji, Aniket ji used to guide us all. For the reasons unknown, we are unfortunately missing the advantageous position of his valuable views.
Only with the sole intention of benefiting the readers, I am humbly n boldly sharing my views which may probably even prove wrong, as time and again I reiterate that I am not an expert in this regard.
I pray god to bless you all with the best of luck in all aspects. Thank you.