Power Finance Corporation Ltd FPO Message Board (Page 33)

Sri Ram - Why retail subscription is 1.5 and not 2 ?

Price is fixed at upper price rs 203.
So the effective retail subscription is only 1.5 times but not 2.
Happy listing...

Dear KK Natrajan,
Don't feel sorry sir as the price is moving towards ur PP.Still continuing ur position. Gap is almost 14 Rs now

556, Bj,
Futures price came to 203 and I think even below that for sometime on the trading day after the price band was announced. I now feel sorry for buying only 1 lot, not more.

Latest kostak 4500 to 4700.

Sreedhar,
Thanks for the clarification....
I got this doubt, because my old broker SBI, had given me some profit, when the share price goes down, that why...
Thanks ji...

Sreedhar,

As you said pfc has touched Rs 220 today in cash segment.
So as you said do you think it moves upwards further and also
what do you think the approx price it would be at the time of listing

Madhur,
High HNI in quality issues is not avoid ,It is a situation which requires us to be on our toes.In earlier days I used to give the break even rate of each IPO,Like in Eros I had given 200,MOIL 500 etc.I had given a clear sell if the share prices breached the above value.During that time I used to sell my shares whenever HNI price was breached & also initiate fresh shorts with my stop loss at 2-3 percent above HNI breakeven.
Muthoot also I had said clear sell below 193.So for HNI cases this thing need to be considered.
For scrap issues it is usually prediction & nothing much we can do.Mostly in scrap issues we have HNI 5-6 times ,retail 5-6 type of issues.80-90 percent of these issues list at 10-20 percent premium & then peter off.Only 1 -2 times issues are interesting.For that I apply & withdraw if I do not get desired response.For a share like Servalakshmi I applied then withdrew as I did not see any movement in greymarket but for Ravi,Acropetal gmp was increasing from the next day the issue was closed.Servalakshmi I went long when it breached 29 & stayed there for some time.I felt inspite of previous ipos bad listing this is holding above 29 even after it opened at 28.So at 29.3 I went long with stop loss of 27.3.
673. Sreedhar May 12, 2011 9:40:54 AM IST | Reply | I Like It. Like | Report Abuse

Sreedhar's - Stock Comments, IPO Comments, Public Profile
Servalakshmi

As ipo message board is not working.I m posting my message here.Momentum is surely on upside for Servalakshmi.Those who have got shares & gone long can put a stop loss of 27.3 & go long for good returns.

For innoventive I shorted at 106 -107 as everybody will try to scramble out.
For quality issues it is just a matter of getting valuations,potential ,future prospects right.

Most of the shorts have happened in the range of 205-207 and the break even for hedgers is Rs.4/- in HNI and Rs.13/- in Retail. So Futures should hit Rs.207+13=> Rs.220/- and corresponding cash (assuming current gap of Rs.10) should hit Rs.230/- to go the REC way. Otherwise the current rate would drift down in the days to come.

I think PFC is going up to Rs.500 in 18 months. This co. is fundamentally very strong. Hold if you have or buy around 205-210. This will give you a handsome return.

http://economictimes.indiatimes.com/news/politics/nation/i-t-dept-seeks-former-sebi-chairman-cb-bhaves-tax-returns-details/articleshow/8353471.cms

I-T dept seeks former SEBI chairman CB Bhave’s tax returns details

PFC moving up nicely, currently at 220. Shall go like REC way.

HI ALL

CHQ STATUS PLZ....

Bj,
That rate came on monday when price was announced.I had asked everyone to buy at opening rates on that day.I myself bought at 203,200,201 etc at an average rate of 201.4.I have also advised them to sell today or tomorrow where it will be at its highest rate.I have in fact disposed off 1 future at 209 today.

Durai Raj,
That is exactly what will happen.When you short & do not give delivery later your shares will be covered at the rate which you have shorted plus auction charges if the rate is less.If say on auction day the rate is high then your shares will be covered at that rate & they may given cover at the share's week high.Say if you shorted SKS today at 395 & on auction day it is 300 then your position will be covered at 300.
This is done so as to discourage people from shorting the shares which they do not hold.

P F C
G M P
TODAY
Rs.5,100

Dear KK Natrajan,
Upward movement starts. Placed a bid at 212.

KK Natrajan,
How did you manager to buy @ 203? Did PFC come to that level in recent past?

Dear Natarajan,
Today it should move up irrespective of market.It should touch 220.If it does then we can expect further upwards movement.If it does not then better to sell.So lets wait today & watch PFC.

Dear Sreedhar,
When is the best time to cover PFC futures bought at 203? Please guide.I think I am asking this to you on behalf of many other friends who may be silently expecting your guidance. Is it today or tomorrow, the time you expect the cash price to go up? Today markets may react to petrol price hike.