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ColdBurger's Comments

46 Comments

26. ColdBurger

| Link|March 6, 2022 1:40:03 PMReply

Strange I got the buyback letter of 6 out of 46 but no letter for my wife's account 🥺 Family par ek hi count ho raha kya ab ..

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26.4. QA manager

| Link|March 6, 2022 6:52:26 PM

I got for family members...

26.5. Suneel Padavala

| Link|March 6, 2022 9:54:22 PM

@Coldburger, for me it went into spam folder as there were 2 emails(for me and my wife) with
same subject . Please check in spam.

25. ColdBurger

| Link|February 20, 2022 10:46:47 PMReply

@lokes Your secondary market understanding is very good and I need help. I want to exit and re-enter TCS as market condition bad. Which date I can sell TCS so I am still counted for buyback?

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25.3. Team Chittorgarh.com

| Link|February 21, 2022 1:32:06 PM

@Jetha Lal,
Th maximum shares you could tender are the number of shares you hold in your demat account on the record date (Feb 23rd, 2022).

If you hold 1 share on the 23rd, you could tender only 1 share. It doesn't matter how many shares you had earlier or you buy at later date.

25.4. lokes

| Link|February 21, 2022 2:25:07 PM

@coldburger: you can see my below reply to snipperraj:

if you sell on 21st, then 100% not eligible for buyback no matter which broker you are using.
if you sell on 22nd, then also its risky in case of buybacks, where sometimes if you sell on ex date then you are not eligible as seen many times before with multiple brokers. Buybacks are not like bonus/dividends where surely you will get benefit even if you sell on ex date. (may be from broker pool account etc which will not be applicable for buyback).
Selling on 23rd feb will be safe, to be eligible for buyback.

@jethalal: Pasting again as i replied to @vantage in below post on this same page:

Retail category is decided by 2 lakh value of shares on record date as per share closing price on record date, no matter how many shares you sell/buy after record date. And Max shares we can tender as per held on record date, no matter how many times we are buying/selling after record date and how many shares holding after record date.

24. ColdBurger

| Link|February 18, 2022 5:21:59 PMReply

Strange that TCS is not able to touch even 4k when ex date is on Monday. Hope during buyback period it picks faster. Need to track it regularly.

24.1. HSM

| Link|February 18, 2022 6:07:11 PM

i think is ex date is 22

23. ColdBurger

| Link|February 5, 2022 12:33:22 AMReply

Looking at price action..seems AR will be least 60%. What experts have to say?

22. ColdBurger

| Link|January 31, 2022 11:59:44 PMReply

Price of MOIL on record date i.e. 31st Dec 21 was 169.10 which is lower than my acquisition cost per unit. Do I have any tax liability? Or it is Govt. liability to pay me refund 😊😁😁(on lighter note.. they are such a sucker...life goes paying tax..)

22.1. ganesh jaiswal

| Link|February 4, 2022 1:28:36 PM

No tax liability on share tendered in buyback. even acquisition price of MOIL for me was Rs. 139 only, but hopefully I would not have to pay any LTCG on accepted shares under buyback.

21. ColdBurger

| Link|February 1, 2022 12:00:58 AMReply

Zerodha has not sent me any email to tender in Buyback!! They should send me email or not? Hope no trick here for me. Planning to submit tomorrow as price movement is bad.

21.1. lokes

| Link|February 1, 2022 6:15:17 PM

There will not be any mail from Zerodha. Mail will come from registrar only. You can simply place buyback order for your shares in zerodha yourself in console/corporate actions.

21.2. ColdBurger

| Link|February 1, 2022 11:54:10 PM

Thanks for confirming. Please ignore my query in another post about that.

20. ColdBurger

| Link|January 18, 2022 11:23:54 PMReply

Based on comments on another site..
If ER is declared then i can sell my extra shares and submit only ER %age and get 100% acceptance?

Like below:
Shares: 1000
ER: 45%
Sold: 55% (550) in open market post ER declaration
Submitted to Buyback: 45% (450) and got all accepted.

Is the above valid or I still have to submit 1000 shares to get 450 shares accepted? Participating first time so don't have any practical knowledge.

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20.1. KAMMA SIVA RAMA KRISHNA

| Link|January 19, 2022 10:28:10 AM

Sir,
Though it is correct, it is suggested to tender the maximum possible shares held on the Record Date to get the maximum benefit as AR is likely to be more than the ER due to non tendering of all the/some of the shares by the investors due to their own reasons. Thank you.

20.2. ColdBurger

| Link|January 19, 2022 12:16:40 PM

Thanks @KSRK Sir.... i will follow your advice. Hope for the best in combination of profit and learning.

20.3. Asoke Sarkar

| Link|January 22, 2022 8:30:40 PM

@Coldburger
Your point is valid as ER is the minimum number of entitlement.
But what will happen if you tender 1000 shares?

AR = ER +additional ratio, ER is constant so additional ratio will matter
Suppose here additional ratio is 60% and you tender all 1000 shares, then number accepted will be 450 +60%×(1000-450)
=450+330=780
So overall AR stands at 78%
So in case of buyback tendering all shares is advisable.

20.4. ColdBurger

| Link|January 23, 2022 8:44:29 PM

@Asok Sarkar - In current market sell-off condition tendering all to buyback seems better. Thanks for your suggestion. Very unlikely it will cross 185 level which can give good profit in open sell. @KSRK sir is also in favour of tendering all. I do get confused sometimes mainly due to market volatility. Not sure which approch will yield better profit. So let go for tender all. Better for mental peace with no burden to track price every hour

20.5. ColdBurger

| Link|January 25, 2022 2:20:30 PM

@ Ashok asarkar, @ksrk ji- My only concern here is what if most investors take same approach and tender instead of open market sell? That will result in AR not exceeding 30% at max.? If that is true then my concern is genuine.. right? Most probably the tender offer window will face bearish market.

20.6. Asoke Sarkar

| Link|January 25, 2022 9:27:47 PM

@Coldburger
Moil is fundamentally a very strong company. It is undervalued because it is a psu.
It is a big buyback of about 14.23%.Recently a trend is visible for buying by the retailers only for participating in Buyback ,the extent of which is not yet clear. But it will certainly reduce the AR. Here guess work will not do as because the picture will be clear only after the tendering process is concluded. In some earlier cases , in the same situation, I have enjoyed 80 to 100% AR. So a big AR can not be ruled out. So wait with patience .
In this connection, take note of it that consequent upon buyback, the unacceped shares will carry an extra weight of 15% .
Thanks

20.7. Pigeon

| Link|January 27, 2022 1:10:21 PM

@Asoke Sarkar @lokes Could you please help me to understand 15% extra weightage stuff?

20.8. ColdBurger

| Link|January 27, 2022 2:09:56 PM

@Pigeon - I too had same question but i understood that 15% as the reduction of 15% shares from market. But still have one question- If those 15% extra shares are with the company then how it affects the value of remaining 85% of the equity? will those 15% shares cease to exist post buyback?

20.9. IPO Mitr

| Link|January 27, 2022 3:43:05 PM

Post buyback 15% shares will be "extinguished".

20.10. Asoke Sarkar

| Link|January 27, 2022 4:26:18 PM

@ pigeon and @ Coldburger
Company will buyback 14.23% share and money will come from the reserve of the company. So this shares will no longer exist.
Suppose , the company had 100 shares in all .Post buyback the number will be 85.77. Earlier one share represented 1/100 of the company, Now it will ccarry 1/85.77 of the company.So post buyback weight of the share will be 100 ÷ 85.77 that means that the weight will increase by 16.6%.
Thanks

20.11. ColdBurger

| Link|January 27, 2022 5:47:17 PM

Thanks @IPO Mitr and @Asoke Sarkar for sharing the knowledge🙏

20.12. lokes

| Link|January 27, 2022 8:11:10 PM

it results in better EPS mainly after buyback is over, since shares bought back in buyback will be extinguished so company's net shares count reduces.

19. ColdBurger

| Link|January 27, 2022 1:11:24 PMReply

From tomorrow we can tender in buyback. In IPO forum I read that if someone has only one share then tendering on first day of offer period results in 100 acceptance.. So is there anything related to better chance better we submit? Sorry if my question is foolish, first time going for buyback.

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19.2. Asoke Sarkar

| Link|January 27, 2022 4:54:04 PM

Single share is sure to be accepted.
No preference like first come first serve even in case of single share .

19.3. Asoke Sarkar

| Link|January 27, 2022 5:01:49 PM

Single share is accepted for sure.
No preference like first come first serve even in case of single share.

18. ColdBurger

| Link|January 18, 2022 12:03:02 AMReply

How much more wait!! It is should end soon. Two weeks already past since record date. Hope it gives good proffer with at least 50% acceptance ratio.

18.1. lokes

| Link|January 19, 2022 12:44:26 PM

its not "much wait" actually. Always it takes around 3 weeks for the ER mail to come after record date. Then buyback starts in around 4 weeks from record date.

17. ColdBurger

| Link|January 14, 2022 8:32:43 PMReply

"Tata Sons holds about 266.91 crore shares in the company and it intends to tender 2.88 crore shares for the buyback, while TICL, which holds 10,23,685 shares, offered to tender 11,055 shares."

Based above news AR will be very less and seems not beneficial to pursue buyback. I will look for appreciation upto 4200 and exit all. Bought 22 today also by exiting IRCTC which trumped me again by closing higher ,😣😣😣

17.1. Aaashish

| Link|January 14, 2022 11:33:59 PM

ER will be less, no doubt
normally shares of IT companies(safe bet) inches towards buyback price so therefore the chances of loss is very slim

If price stays below 4100-4200 then a slight probability of loss only for those who would be buying at higher levels

30-40% acceptance ratio will anyhow be there and chances of tcs going down by 15% from current levels is minimal( improbable)

so no major risk
As per my opinion even in worse case scenario of price hovering around 4000 levels and low AR

17.2. Rajkumar

| Link|January 15, 2022 5:55:37 PM

@Cold Burger
I understand that 15% of total buyback is reserved for Retailers with please than 2L worth shares.

Will the response to rest 85% make any change in AR of 15% ?

16. ColdBurger

| Link|November 7, 2021 11:29:28 PMReply

Can experts suggest target for Sail? I have good qty @148 and despite fantastic result and dividend announcement it is not performing.
#@Aniketiaf

15. ColdBurger

| Link|December 27, 2021 7:07:06 PMReply

It seems it will not cross 185. In that case need to keep hold of all till tender date. Can we sell some qty after tendering? Say 20% as AR is unlikely to be above 80%. Will that result in some penalty?

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15.3. lokes

| Link|December 27, 2021 11:52:47 PM

@coldburger: after tendering shares, those are not allowed to sell, broker (mine zerodha) freezes all those shares and remaining shares will come back to demat after buyback is over.
As explained in my other message here, you can sell after record exdate if you wish, then you can buy again later for tendering, that is possible.

15.4. Aaashish

| Link|December 28, 2021 2:13:35 PM

once you tender the shares, shares will be debited and you won't be able to sell them
once company accepts the shares, they will return remaining shares to your demat account

14. ColdBurger

| Link|December 15, 2021 12:46:58 PMReply

It is too long a wait... No announcement of record date. Volume also very low and cannot exit huge qty on high price it hit like 175.

14.1. KAMMA SIVA RAMA KRISHNA

| Link|December 15, 2021 1:10:25 PM

Dear ColdBurger,
When you enjoy the waiting, the resultant amount of the benefit will be more worthy. I am quite confident that you will reasonably be benefitted in this buyback. Thank you.

13. ColdBurger

| Link|November 14, 2021 3:26:39 PMReply

@ksrk sir- How much qty you suggest for small investors? I can divide purchase between two demat. Moil has a target of 225-240 range from some brokerage. I only worry it does not go down like SAIL.

13.1. KAMMA SIVARAMAKRISHNA

| Link|November 14, 2021 9:27:47 PM

Sir,
I suggest 1000 shares for each account of the small investors. Let us be positive and proceed to purchase. All the best.

13.2. ColdBurger

| Link|November 21, 2021 10:45:32 PM

Thank you!🙏

12. ColdBurger

| Link|August 18, 2021 8:51:03 PMReply

Something off the topic but very important item to discuss which most of us use.

Zerodha provide GTT -OCO - where we can enter Stop loss Trigger/Price as well as Target trigger/Price.

I had my setting like Stop Loss - Tigger: 293 / Price: 290.
Unfortunately today at last minutes the Trigger was hit but price was not hit. Still Zerodha sold my holdings at 292.65.

What wrong i did? I thought to cancel the sell order as it was almost near closing time but never got the chance! Was this fraud or mistake by me? Vedanta price never touched 290 on NSE Today.

Please respond as i want to raise the issue with Zerodha!!!

12.1. Snehal

| Link|November 16, 2021 8:14:09 PM

By default, for daily trading zerodha wait for the trigger to hit, otherwise just before closing they will square off your position. So you did nothing wrong, or fraud, it is by design. Read zerodha help documents.

11. ColdBurger

| Link|August 24, 2021 2:00:47 AMReply

Why this site was named Chittorgarh.com? intriguing.!

11.1. Team Chittorgarh.com

| Link|November 15, 2021 1:46:03 PM

Dear ColdBurger,
Chittorgarh is a historic city in Rajasthan. The Chittorgarh.com website was built to provide information about Chittorgarh city and its history.

The founder of this website had an interest in the stock market and he started publishing his IPO research on this website. People liked it. Over the years the website became a popular destination for IPO investors.

10. ColdBurger

| Link|November 14, 2021 12:40:47 AMReply

A/R estimate is something we need idea about.

"The Board of MPS at its meeting held on 27 October 2021 has approved buyback of up to 9,44,444 equity shares of the company of face value of Rs 10 each (representing up to 5.23% of the total paid-up equity share capital of the company as on 31 March 2021) at a price of Rs 900 per equity share for an aggregate amount not exceeding Rs 85 crore."

10.1. lokes

| Link|November 14, 2021 12:58:47 PM

@coldburger: AR ratio depends on many factors like share price before record date, price of buyback, size of buyback, share price movement during buyback tender period. So we will get idea later once buyback will open for tendering.

9. ColdBurger

| Link|November 14, 2021 12:44:15 AMReply

Great work here Chittorgarh Team💯🏆🏆🏆

8. ColdBurger

| Link|August 17, 2021 11:29:47 AMReply

Can we buy BPCL at 467/- , will 58 dividend will have negative impact after ex date?

8.1. Gui mathers

| Link|November 10, 2021 11:43:29 AM

After any dividend given the share prices drops by that amount post ex date.

7. ColdBurger

| Link|August 29, 2021 1:11:09 AMReply

What if the price does not reach 410 during buyback period? Will company buy at current rate or will not buy?