Rural Electrification Corporation Ltd FPO Message Board (Page 6)

Can any body guess and tell me that approximately how many times the retail portion of REC can go at issue close tomorrow, as there will be full allotment for even 1lac application as of now (only 0.0336 times in retail, very poor response) Ravi Bangalore, IPO King, Smc Global? Are u hearing?

Thanx 71. Rajesh..

But I am sure that we both are happy on listing day..

NTPC has not performed well, now REC will definitely perform so that Govt. can attract Retail or QIB subscribers. Otherwise FPO will become flop show for everyone. So i am expecting good return from REC.

All the best

BEST OF LUCK 68. bhavik but sorry friend i am not going 2 apply even 1 Rs. also in REC. as i think i can get at better price from market the FPO price. but ya if i go wrong & if u go right i will be happy 4 u also. bye.

Short it regularly till it get listed. this is going to touch the issue price... as it happened to NTPC

more instituitions seen coming to bid 4 REC,,,highest bid now at RS 215/-....expecting excellent returns in the long term...

Government is not fool to make same mistake as NTPC.. So Just dont feel that Government made mistake in REC.. I am quit sure that REC will earn more profit than MAN and UBI.. U will remember me on the day of listing..

Just blindly apply for REC.. I am going to apply 4 FULL applications of 480 shares..

Fair value seen at Rs.245. The script's beta is 0.8, indicating below average market-related risk.

Factoring-in margin of safety, it is good investment in 190-180 range. Avoid FPO.

For technical analysis, refer my Post No. 9.

REC FLOOR PRICE IS THERE SO NO ADDITIONAL DISCOUNT FOR RETAILERS BEYOND 203

Is there any discount to Retail Investors in REC FPO?

SP Tulsian Comments on this FPO ---- "For the past three quarters of the current fiscal, REC’s growth has been flat. Its EPS for all the three quarters have been in a range of Rs 5.50 to Rs 5.76 and since Q1FY10, the annualized EPS has remained stagnant at Rs 22. If we saw a vision of EPS of Rs 22 at the beginning of FY10, we see the same estimates even today. So if we talk about growth, it is missing sequentially in FY10. Its book value currently stands at Rs 90 and Price to Book Value at issue price of Rs 203, is at 2.25. Even PE multiple of over 9 times at issue price is not leaving much room to rise, going ahead"

I think we should applu this IPO :-)

God save the govt disinvestment programme...govt is looking greedy with his behaviour.prices of govt fpo's are looking expensive.

Mr SP Gupta,March REC future is quoting @207.75.So if you short one future & make 4 applications what is your return?If you consider brokerage & STT your returns will be less than 1 precent for the capital employed 8 lac .If your ok with it you may apply.

pl apply at least four full applications and sold one future of march than you will be secured

Sales one lot of March and apply 4 Applinactin you get return Approx 13000/-within 20 Days

Invest in Man Infra instead of REC bcoz REC is any way available in secondary plus F & O na done needs to be invested for longer term bcoz you are never sure about returns in REC as at the time of listing its price could similar like NTPC or if market corrects 10% then REC will trade at that time around 190 -195 while in Man ..QIB will be 60 times , HNI will be 90 times approx and retail will be 10 to 12 times plus Man is very undervalued stocks looking at its PE and 30 % year on year growth in EPS .. Invest in big way in Man Infra and have a peaceful sleep as its listing will be min. 315 to 350 approx. and one year target around 500/-

DEAR MR AZIM

QES :- i had earlier shares of rec bought @ 105, should i sell or keep it?

AND :- dear Mr. Azim i think u shold sell ye share @ current price and that same share u apply in ipo u sell @ 214 and than buy in ipo

i had earlier shares of rec bought @ 105, should i sell or keep it

CM RATING REC 49 MAN 45

Friends, again the Government has made the same mistake as NTPC. It doesn't make any sense for applying to this FPO at all. Once this FPO closes, REC shares will fall back to 200.

Teach a lesson again for government, let them understand the mistakes. They should have priced it some where around 180 to attract retail investers like us.

Don't lose ur money, REC shares will definitly fall after this FPO and also March is considered historically a very bad month for markets. Don;t get trapped like NHPC.

Let them understand our concerns first, rather than taking things for granted.