sell 1, hold 1. If price moves up, you will reduce loss in holding one or may be you can get some profit also. If price goes down, at least you will limit your loss otherwise you will end up in a greater loss.
depends if you brought for listing gains only and you made some amount in other ipo's you can sell because tomorrow last day of FY.these loss can outset in any gains in this FY
So Mitron......how was the day...??? Hope most of us have generously contributed towards nation-building today. Hope also this trend will continue in coming week.
This was my first IPO buying and I got worst experience. NO doubt everyone was waiting for IOP to come in starting for March, Because no good IPO were came from Feb to March mid and suddenly this list of IPO came on very bad time where market is already dying .
I will hold this for a Week or more , Let see we will recover from our loses or at least reach to capital .
A bitter, but valuable lesson learnt today. In IPO, one can make profit by investing only in companies where one have a deep conviction - "yes it can sail thru all turbulence". IPOs are purely for long term and patient investment and not for short term results. Secondly, invest only in companies with solid quality and paydegree of management and about which you are absolutely sure that it will perform. Do not invest where you have an iota of doubt. In strong bull market, even doubtable companies perform and give you appreciation. The real test lies in weak market. Like today's. And this is valid for PSUs as well. Not all PSU's are bad IPOs. Look even today. While there is a bloodbath and mayhem going on, Cochin Shipyard is solid and stable - it has slipped below 500 after a long time, but is not showing any tendency of slipping further towards its IPO price. This is a resilient stock. The company itself is resilient. Whether BDL in medium to long term can perform like CSY or not is doubtful. Wherever there is an iota of doubt, do not invest. Keep aside the fund for some other better companies or better avenues of investment about which you have conviction. Also never sink that money in IPO which you may require in short term. Overconfidence kills in stock market - especially IPO market. 1 or 2 bulls-eye decision makes one sure and sacrosanct that every bet one makes is bound to be correct. Market teaches lesson everyday. We should be humble enough to accept the same and move ahead. Sometimes brokerages say "subscribe only for long term". This is a very polite way of saying something else. The hint is already dropped. We must learn to read between their lines and words. Lastly, being a PSU-inside myself, I agree with many of boarders the here, who have expressed their open-feelings about their past PSU IPO investments. Despite all the above limitations, I can still emphasize, Primary Market or IPOs i.e. a carefully chosen basket of selected good quality companies IPOs, where one have deep conviction to hold thru very long and very rough weather, and where one does not need the money in medium to long term, is a much better way of making money than investing in secondary market. We should only learn the rules of the game of IPOs and be humble to accept mistakes.
Disclosure I have not subscribed any PSU If market falls on listing day of HAL(high probability) Don't panic These co. Has ample order book,cash flows Good management,lowest retail participate So let the dirty water settled Then take My advice would be to average if stocks goes bellow 20℅ DON'T FORGET ABOUT DIVIDEND yield also
As soon as promoters decided about the divestment, they had started milking the crown jewel to a good extent before any stake is sold slightly to public. Even with their all attempts to continue milking before IPO....dividend % has already started trending down.
Year Rate of dividend (%) 2017 128.87 2016 172.86 2015 72.79 2014 60.09 2013 50.16
Also IMO pre-ipo % must have been calculated on the face value i.e. 10. But now share issued at 428 that means dividend yield will come down be a factor of 42.8 which is not very significant unless BDL increases its bottom line SIGNIFICANTLY. Let us all hope for the best.
Now the question is what will happen with ipo pipeline or is it gayi bhens pani mein as most live ipos may see withdrawals .. Trade wars can get ugly !!
After NIA n GIC fiasco it was a no brainer to wait a month + to even touch a govt ipo. What does the brave / foolish do ? Avg ? i think better to buy good stocks like hdfc , avenue super , godrej ind than avg a govt stock for long term if history be my guide
276.1. Mogambo| Link| Bookmark|
March 23, 2018 11:25:00 AM
(1300+ Posts, 3200+ Likes)
brave / foolish are habitual to contribute blindly. dont learn from GIC,NIA
He he sab chuhe h... ek din market kya gira sab sell sell kar rahe h... ruko jara do chaar din so no one applying hdfc icici ipos now... sandhar me kya bolte h experts gmp gmp kaha gaya