Feedback Message Board

Lokes ji,
All the best n Good luck. I am sure that you will be benefitted with your strategy. Thank you.

It's better wait till some more time rather than adding at current time.
I am holding star cement also and doesnt want to add more unless market stabilizes.
It will unnecessarily block funds if we cant get market correct. My own thoughts

@avinash: Star cement and nucleus both are completely different share and sector. Star cement was already not performing well from long time before buyback But nucleus was not like that and it is from IT sector where growth is there. No one can predict where any share fall/rise will end so I added at 543 since already fall a lot from 610 recent high and I didn't bought all in one shot for average, I can add more on further falls.

i will add again today second time around 50-100 shares.
its going too much down which is completely surprising and unpredictable, no other share usually fallen that much, like recently eclerx buyback in same sector.

@lokes

I do understand your rationale and even i considered adding when it went down to 540 levels. However, as i believed that it would fall by 10% due to unfavorable result, selling pressure and volaile market conditions, I didn't add .

Also when i compared it with peers, I found Sasken better than nucleus.

Kindly do the analysis from your end as well regarding Sasken and if you also feel the same, I believe it will be beeter if you shift your position from nucleus to Sasken

My strategy worked here looks like. My avg price is 568 rs after averaging it.
Today it gave good upmove, and probably i will be able to sell my remaining shares above 568 which will not be accepted in buyback (some before tendering some after tendering period or all before tendering period etc will see).

yeah
at-least we will have some profit in this buyback
I didn't average because fundamentally I believe that Sasken is better bet than this although Nucleus also make good software(my friend is suing their product and is happy with their features and after sales service). Moreover, i knew even if i add some shares, I won't be able to tender more than 299( that i help on record date)

@Lokes : what was your motive behind averaging 1) belief that buyback announce ment will push the share higher and you will make some quick bucks 2) portfolio share(long term investment)

@aashish: first one.
No plan to hold this for long term etc. Not convinced here, eclerx is more better than this for holding purpose.

@Lokes

okay
I was thinking of averaging when it dipped to 500 because i thought it will at-least go up to 525 - 550 if market stabilizes but i didn't as i had shortage of funds and was fearful of market's volatility(Omnicron)

Good call ( you didn't make a lot of money as you averaged early(543) and not at 500 levels, however, you were able to apply buffet's wisdom here, be greedy when others are fearful)

@aashish: i averaged many times after 543 rs price also with 50 shares each time, as i posted in this thread on 30th nov. added even below 500 too once.
I am holding 578 shares now total at 568 avg price. I just want to be out in some profit from this deal overall and i will handle it properly to have good profit here, i have enough and long experience in buybacks.

Lokes ji,
As the price touched Rs. 605/-, have you succeeded in selling? I narrowly missed and could not sell. What about you?

@kamma ji

why sell it
tender in buyback and get them accepted at 700
assuming, you haven't bought anything after record date

@lokes :

what strategy are you emploing

Aaashish ji,
Being under small shareholder/ retail category, When you can sell all your holdings @ Rs. 605/-, it will be more beneficial.In this category, AR may be maximum of 40%. 60% shares are to be sold in the open market. Due to the increased number of share holders in this category, there will be pressure for selling and the price may around Rs. 540/- or even less. I hope I have explained you properly.
I placed selling order unfortunately @ Rs.606/- and hence not executed. The price is drastically dropped to Rs.567/-. Yes, I have not purchased any shares after the Record Date. Thank you.