Septaji usually I am not very much active on this board But would like to have your opinion I have been allotted 2 lots of mahanagar gas Should I hold or sell
it is good company not a great company however compare to its peers it is still under priced short term i will hold and also and more on dips. long term it is not one of those fly away stock to speak given the sector they in were growth is high single digit and prices still part regularised . however it is safe bet u will see good div paying however price would not move much. IMO on the next run up sell one lot and keep the rest as long term
Exact low of 518 in nse seems to be preplanned one. Accumulation seems to be done at 525. Operators will now take it to below 500 levels to scare, and then take it upwards IMO.
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Had a very very strong urge to buy at 520 levels. But decided against it. Tomorrow will see again which way the price would move. My take is that it should move down to 490 levels before it can move ahead with some steam. Lets see if my decision of not buying today was a good one or a bad one.
PL HELP ME. I HAVE LKP FINANCE LIMITED SHARE AT THE PRICE OF 85.00 CMP IS 87.60 IN BSE SITE THIS MESSAGE SHOWS: LKP Finance Ltd has informed BSE that the Company has fixed July 07, 2016 as the Record Date for the purpose of allotment of Equity Shares of LKP Securities Limited to the Shareholders of the Company in terms of Composite Scheme of Arrangement between the Company and LKP Securities Limited, duly approved by Hon''ble High Court of Bombay.
WAT I SHOULD I DO HOLD OR SELL? PL EXPLAIN THE MEANING OF SPIN-OFF? IS IT POSITIVE SIGN OR NEGATIVE SIGN?
Do not worry. Its just a simple demerger taking place. LKP Finance would be split into LKP Finance and LKP Securities. Transferee Company(LKP Security) will issue and allot to each member of the Transferor Company(LKP Finance) equity shares in the Transferee Company(LKP Securities) in the ratio of 6 (Six) equity shares of the face value of Rs. 2/- (Rupees Two) each (credited as fully paid-up) of the Transferee Company(LKP Securities) for every 1 (one) equity share of the face value of Rs. 10/- (Rupees Ten) each (credited as fully paid-up) held by such member in the Transferor Company(LKP Finance) as on the record date which is 07 Jul 2016.
Short term target 650 don''t try to sell in hurry.... if cash is urgent to anyone sell 20 shares at 530 so that remaining 15 shares cost each 250.... if you still want more money sell 25 shares so that remaining shares of 10 cost you only 148 each.... this applies to all ipo''s... normally i sell only when it become double or atleast 50% then i sell 50% of my holdings so that my average cost for remaining shares will be zero or below 20rs... whatever the share price is.... Hope this information helps everyone and understandable..... Happy Investing in IPO/Equity
Hi Deepak, I also believe pls. hold the shares for long term, it will soon touch 900 levels, I have bought 50 shares in 525 and have not got any shares in allotment.
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July 1, 2016 3:57:50 PM
IPO Guru (2500+ Posts, 2700+ Likes)
usually i sell shares of IPO allotment in such a way that my share value comes to rs 0
say i got 105 share MGL sold at 82 @ 545 = 44690 and ipo allotment 105*421 = 44205 free share life time = 23
Not a long term hold. Not much of an upside going forward. Good dividend pay out though. Those looking for limited downside and good dividends can hold. But capital appreciation will be very limited.
Obviously you feel there is good scope for capital appreciation going forward. Please share your reasons to enable me to respond and share my reasoning.
Actually the net returns over a period are stagnant and over a 5 year period show a declining trend. MGL is a joint sector company and historically market tends to discount the valuation of such companies. Even though there are no pricing restrictions by GOI, company being in an essential commodity space pricing power is limited.
Chitra Ji- This concern was already visible during IPO time. But it was ignored as seen by the subscription data. So my assumption (and stock market is all about perception and assumption) is that due to IPO over subscription and somewhat monopoly in Mumbai region, this stock will do good. It will touch 600 in 6-9 months.This may not be a blue chip stock but worth the risk.,
Well the demand is BIG. So it won''t test 500. It will test 520-525. Once it crosses 530 it will go to 540 and settle there. might touch 550 again today. EOD target at 540. SL at 519.