Tata Steel Ltd FPO Message Board (Page 13)

is there any chances ban on f&o oftata steel after fpo complete

SELL SELL SELLL

WIPRO @ CMP

Dear Sreedhar,
Thanks for reconsidering your decision.
I can'nt add anything more than what Dear KK & Durai had said.
however i wanted point out that last time somebody(sorry forgot his name)attcked you,who was new to "chitoorgarh" then when other boarderd pointed out your good work, hesaid sorry.
Throughout above incidence you rigtly & maturedly kept quiet.
By the way,i am not applying for "tata steel"
Pl continue your good work & thanks once again for reconsidering your decision
milinds

sreedharji,
I am going in for Tata Steel

Dear Friends,
Thanks for your support.please everybody tell me whether yoiu are applying for Tatasteel FPO.

They would manage good subscription levels as they managed share price in the market for the past 3 days. Those who shorted in futures will be playing a safe game. For others what is in store? May be not run away profits but may not be much loss also.

to prevailing market trend the listing gain's on this FPO would not be much attractive

very poor subscription figures so fare leaves one scary.
cant afford this risky fpo

Tata steel seems to be a very risky proposition with price in secondary barely 3% above the offer price.

Further lets not for get the recent FPO of SCI which had a 5% discount n even then drastically went down to 132-33.

better avoid Tata steel

It seems that it won't get subscribed much in QIB/HNI and retail category

if it gets subscribed much in QIB then only retailer should go , otherwise avoid, market sentiment is currently bearish
it is only 3 % above the market price, even SCI was 4-5% above , also there was a discount of 5 % which save us from the loss in SCI FPO

150. SJ

I agree with you.

It has large amounts of debt. In addition, the company is a cyclical play and current cycle for commodities like steel is good but there is no guarantee about the future.

On standalone basis, Tata Steel is doing well, but the consolidated financials of Tata Steel are still stressed.

Corus is still not making any significant profits. For FY 2010, Tata Steel had reported a loss on consolidated basis.

I would like to wait for a dip to 540 levels to take exposure for investment.

148. Kumar Ankit

I think Tata Steel will come under F&O curb on Monday or Tuesday as usual with any other FPO.

Always check with broker whether it is under F&O curb or not. Usually, broker will inform traders about F&O ban period.

At last, but not least, F&O play is not suitable for everybody. If you can afford to take calculated risk & if you want money, play in F&O. Or else, play taking delivery.

157. Anup M

Your concern is appreciated. I have given strategy even if you don't know the quanity of allocation.

In fact, I have drawn the attention of investors when somebody given F&O strategy for Shipping Corporation without considering the possible allocation.

If you need money, you need to take some calculated risk.

Beware of all these strategies. We are assuming here a certain amount of allotment, which is not true. If it remains under-subscribed till end of the day tomorrow, then these theories are excellent. However, it is highly possible that in the last day, subscription will go in full swing, if it does then retailers would only get "10" shares, only 1-lot. Playing in FnO would be risky.
If you are a HNI, then may be manipulations might work.

In any case, if you want to play in FnO, you can do so even without applying at your own risk.

153, Sunil,
Subscription more than 42% at 2.50 p.m.

how is d subscription as of now in retail category?

Tata Steel 633

Apply for FPO. It is expected remain range-bound in 660-620 till FPO listing.

STRATEGY:


Buy Feb 640 Put at 29.60

Sell Feb 620 Put at 18.00 &
Sell Feb 600 Put at 10.30

Cover 620 Put when it falls to 620 or below & hold remaining position till Feburay expiry for a fall to 600. When it falls to 600 or below, square-off all positions.

Margin requirement: Rs.90,000 to 97,000.

I expect Tata Steel fall to 620 at the time of listing. FPO investors would get Rs.10/share. F&O strategy could fetch Rs.10,000.

Unexpetedly, if Tata Steel remains in 640 or above, traders loose around Rs.650 + brokerage in F&O. However, they make Rs.30 - Rs.50 profit / share in FPO allotment.

Can anyone tell me what % of subscription is been done for TATA STEEL FPO as of now?

sjbhai what u think for uflex

Hi Durai,

I just happened to read that you are going for your CA exams.
My best wishes and success in your exams.