Feedback Message Board

AR likely to be on very low...as promoters have shown interest in participating..isn't it?

Yes....so better to try with smaller amount if anyone interested

Lokes ji,
I have purchased 200 shares by 16/02. It’s a risky one, but somehow I could not resist myself from purchasing.

Acceptance ratio is really low at 49%

307/380 and 139/285 final acceptance. Message received

Lokes ji,
Let us hopefully look forward for the good n encouraging AR, as mentioned by you, than the expected one. Thank you.

Dear KSRK Sir,
Can you please guide me step to follow to get this data
I tried but not found on NSE Site.
Thank you

Sir,
The link may be copied n pasted in the google site and search/ enter. Then you will get three columns. You can find the particulars there. Thank you.

Thank you sir,
But i want to check tendering data of other shares like MPS then how to check?

@Lokes We cannot be sure what will be the case with TCS. The moment i saw this new flash from Money Control i bought what i could from available margin in hurry as if i got the news first and price will shoot like rocket😀😀😀😁 foolish me.

Please give me Federal bank view, I was to exit on 101/- but did not seeing earning release date approaching. Can I bet for 110 level? Holding 1k.

@coldburger: like you, so many retailers must have bought today, you might be agreeing to this, still you can see price appreciation was not much today , it even dipped once near to yesterday closing price.
And if tcs price will reach 4200-4300 suppose during tender offer or before, then in retail category, it can even have 100% AR ratio like previous times. I had participated 2 times earlier in tcs buybacks.

And i don't have federal bank neither i track it but looking at charts, its have given good upmove in 1 month and showing strength still, so you can keep holding it till before results with some stoploss like 99.5 to protect profits and better sell before result day, since mostly when some share had very good run up before results, then even after good results, it fall normally on result day or later.

Sir,
30% AR as 229 shares are accepted out of the 769 shares held on the Record Date n tendered for the buyback. I am quite happy for that. My assessment of around 13% AR in this buyback has also proved that I know nothing about the assessment of the AR. Now I understand that I am not having any knowledge to share my views on the Buybacks. Thank you.

thanks sir for the info. your broker updates faster usually so i was asking you, in my zerodha, still no update. Anyways its good AR :) so this buyback also proved profitable. Congrats to you also for the profit here.
And please don't talk like this, we know that you have good enough knowledge and experience on buybacks, and its just a guess of AR and normally AR comes out better than expectations except in few cases.
Btw i am very happy for my eclerx remaining shares, in last some days, it has given good upmove, as i expected and informed in eclerx buyback page latest message, and wait was worth now, total more than 45K profit in eclerx :) I sold them at 2850.
Lets hope nucleus/moil/ajanta also gives some decent profit. Good luck to us :)

Lokes ji,
All the best n Good luck. I am sure that you will be benefitted with your strategy. Thank you.

It's better wait till some more time rather than adding at current time.
I am holding star cement also and doesnt want to add more unless market stabilizes.
It will unnecessarily block funds if we cant get market correct. My own thoughts

@avinash: Star cement and nucleus both are completely different share and sector. Star cement was already not performing well from long time before buyback But nucleus was not like that and it is from IT sector where growth is there. No one can predict where any share fall/rise will end so I added at 543 since already fall a lot from 610 recent high and I didn't bought all in one shot for average, I can add more on further falls.

i will add again today second time around 50-100 shares.
its going too much down which is completely surprising and unpredictable, no other share usually fallen that much, like recently eclerx buyback in same sector.

@lokes

I do understand your rationale and even i considered adding when it went down to 540 levels. However, as i believed that it would fall by 10% due to unfavorable result, selling pressure and volaile market conditions, I didn't add .

Also when i compared it with peers, I found Sasken better than nucleus.

Kindly do the analysis from your end as well regarding Sasken and if you also feel the same, I believe it will be beeter if you shift your position from nucleus to Sasken

My strategy worked here looks like. My avg price is 568 rs after averaging it.
Today it gave good upmove, and probably i will be able to sell my remaining shares above 568 which will not be accepted in buyback (some before tendering some after tendering period or all before tendering period etc will see).

yeah
at-least we will have some profit in this buyback
I didn't average because fundamentally I believe that Sasken is better bet than this although Nucleus also make good software(my friend is suing their product and is happy with their features and after sales service). Moreover, i knew even if i add some shares, I won't be able to tender more than 299( that i help on record date)

@Lokes : what was your motive behind averaging 1) belief that buyback announce ment will push the share higher and you will make some quick bucks 2) portfolio share(long term investment)

@aashish: first one.
No plan to hold this for long term etc. Not convinced here, eclerx is more better than this for holding purpose.

@Lokes

okay
I was thinking of averaging when it dipped to 500 because i thought it will at-least go up to 525 - 550 if market stabilizes but i didn't as i had shortage of funds and was fearful of market's volatility(Omnicron)

Good call ( you didn't make a lot of money as you averaged early(543) and not at 500 levels, however, you were able to apply buffet's wisdom here, be greedy when others are fearful)

@aashish: i averaged many times after 543 rs price also with 50 shares each time, as i posted in this thread on 30th nov. added even below 500 too once.
I am holding 578 shares now total at 568 avg price. I just want to be out in some profit from this deal overall and i will handle it properly to have good profit here, i have enough and long experience in buybacks.

Lokes ji,
As the price touched Rs. 605/-, have you succeeded in selling? I narrowly missed and could not sell. What about you?

@kamma ji

why sell it
tender in buyback and get them accepted at 700
assuming, you haven't bought anything after record date

@lokes :

what strategy are you emploing

Aaashish ji,
Being under small shareholder/ retail category, When you can sell all your holdings @ Rs. 605/-, it will be more beneficial.In this category, AR may be maximum of 40%. 60% shares are to be sold in the open market. Due to the increased number of share holders in this category, there will be pressure for selling and the price may around Rs. 540/- or even less. I hope I have explained you properly.
I placed selling order unfortunately @ Rs.606/- and hence not executed. The price is drastically dropped to Rs.567/-. Yes, I have not purchased any shares after the Record Date. Thank you.

Lokes ji,
In case of Nucleus, I believe that the acceptance rate will be more in general category due to non/ negligible participation of the promoters in the buyback. Let us wait n see.
However, I agree with you that in general the acceptance rate will be more in the retail category.
Thank you.

@ksrk sir: ya normally we all know that acceptance ratio is more in reserved category, whoever applying in buybacks knows this, I am applying from long time.

But since in this specific nucleus case, many are asking/saying about more AR in general category than retail, so for that only I have done study on various things and based on some factors only I posted my views for nucleus too. As I said there won't be much difference in AR between both categories but retail can still be more and I gave approx numbers too.

@KSRK sir : I am afraid now about tomorrow and day after tomorrow move in this share price, since i bought at high price today and normally shares fall after last purchase date of buyback and on record date :)
i think your purchase price is around 585. Regarding AR, please don't mind from my above message, lets see after tender period, i was just presenting my view based on some factors/studies. Lets hope it will be good for both categories :)

Lokes ji,
Sometimes our opinions may differ but not our relations. I don’t find any thing wrong in your comment n nothing to feel bad. Thank you.

I have 450 shares at 586 in one account and 34 shares at 582 in one account
As per SEBI guidelines which i read it was saying for retail it will be min 15% or their actual quota whichever is higher.

Lets see how much ER will be given in both categories

As mentioned and expected, it gave more than 6% cut today in price. Hope it holds 550-560 levels.

Lokes ji,
If the closing price at NSE drops below Rs.563.40 tomorrow, our two accounts will possibly be categorised under retail. Man proposes n God disposes. Waiting for the tomorrow’s announcement of the result of the already written examination in this regard. Thank you.

@KSRK: yes sir and its very much possible now with today closing of 567 rs, lets see tomorrow and lets hope your 355 shares account comes in general category :)

Closing price is Rs. 539.20. So both accounts will be in the retail shareholders category only. No problem.

Closing price is Rs. 540.90 So both accounts will be in the retail shareholders category only. No problem.

@kskr: ya it fell a lot again today as even market was very bad. Looks many will come into retail category due to this much price fall in last 2 days whoever bought nearby quantity to come in general category. Let's see how much ER and AR will be now.

Hello lokes Sir, Kamma Sir,

In general I want to understand, What should be our strategy for share price falls after important dates like ex-record date and tender dates?

Usually price falls on ex date or record date or soon after tender date finish.
I do not participate in buybacks only because of these reasons and don't know how to tackle this.
Please help me understand.

@NKJ: ya price falls usually as per record date etc but it has fallen more this time in nucleus due to market fall added on it and regarding strategy we can't do anything on it, we need to decide as per our buyback profit then remaining shares we can sell on market price if profit is there overall else we can hold considering share movement etc as like in normal secondary market shares.
And we can add more shares also after record date fall to sell in open market when price increase during tender period, it all depends on our conviction about share price movement. Nothing can be sure.

Thanks lokes,
I want to take part in buybacks but because of same reason i was not sure if after selling left over shares it will overall benefit and how much?
I know it depends on many factors like share price movement, ER, AR etc.
I will take part in couple of buybacks with small quantity and see.

Thanks again.

As i said, retail ER is much better than general category.....
But still ER seems lesser than expected in both categories, lets see how much is converted into AR....

Sir,
I am not surprised to see that the ER is better in Retail Category than the General Category. ER depends upon the number of shares held on the Record Date by the holders whereas AR depends upon the number of shares held on the Record Date and tendered for the buyback. As promoters are not likely to tender/ tendering insignificant number of shares for the buyback,AR will be naturally more. This is my understanding which may be proved wrong. Experts may enlighten me. Thank you.

it is only because of promoters and promoters group are participating the buyback. is it possible to change the decision of promoters to participate the buyback after record date?

I completely agree with KSRK sir's view. That is 100% correct.
People seemed to got confused at various discussion boards about ER of normal category shareholder(more that 2lac). Please understand this sentence, "promoter doesn't intend to tender their shares".
This means that, promoter is eligible(entitled) to tender their shares. But they will not tender their shares. And thats why in normal category, ER will be far less that reserved category, same as with other BB issues. But the actual AR will be a lot different and more as promoter will not tender their shares.
My expectation is for normal category AR will be around 45-55%.
And for reserved category as ER is quite more that expected ie. 16%, so i expect AR to be around 40-50%

due to severe market correction today, prices came around 150 levels for sh kelkar so anyone can buy it for short term for selling in open market too.
share prices will increase during tender period.

ADMIN JI,
Please ensure that relative pages are opened immediately on announcement of the Buybacks so that fruitful discussion made there can help the investors to understand and proceed further. Thank you.

@KAMMA SIVA RAMA KRISHNA sir,
Sir, can you please tell about MPS ltd buyback, what could be expected ER and AR?

this is one of the worst share, falling from 2-3 days, more than any other IT share, i am stuck in this at 2280 levels due to buyback and it is down today around 7%, came to 2040 levels....

At Rs. 2049/-, I have purchased some shares today for long term investment.

@kamma: since market is already at high levels and eclerx moved around 3 times in last 6 months around so it looks risky to even buy at these levels, anyone no idea in future how soon it will start its uptrend....hoping soon

Thank you very much for your caution.

Sir,
I think CMP of Rs. 922/- is quite reasonable to purchase for Buyback purpose.

Thanks for your views....I will think....
In eclerx, I bought at 2280 for buyback purpose, it's 100 rs down now, let's see after buyback, how the deal turns out to be