Right Issue of Upper Ganges (BSE 530505, NSE: UPERGANGES)
(It is a Birla s Tea and Sugar Growth Story)
Right Issue is in the offing, 13 shares @Rs150.00 for every 20 shares held ( RD awaited).
cum right scenario :
CMP Rs 400.00 or so
Expected EPS by FY2006/6 Rs 60.00
ex-right scenario :
Diluted EPS at the end of FY2006/6 Rs 36.36
Full price at above EPS Rs 363.00 Min
(seeing the growth prospectus it may even Rs 400.00)
Example :
If one buys 20 shares at CMP and pay for 13 Right shares @150.00
then total investment Rs 9950.
Total shares 33
Cost per share Rs 301.51
Likely (Min) price at the end of FY2006/6 Rs 363.00
Short term gain on above investment Rs 2013.00
(It is a Birla s Tea and Sugar Growth Story)
Right Issue is in the offing, 13 shares @Rs150.00 for every 20 shares held ( RD awaited).
cum right scenario :
CMP Rs 400.00 or so
Expected EPS by FY2006/6 Rs 60.00
ex-right scenario :
Diluted EPS at the end of FY2006/6 Rs 36.36
Full price at above EPS Rs 363.00 Min
(seeing the growth prospectus it may even Rs 400.00)
Example :
If one buys 20 shares at CMP and pay for 13 Right shares @150.00
then total investment Rs 9950.
Total shares 33
Cost per share Rs 301.51
Likely (Min) price at the end of FY2006/6 Rs 363.00
Short term gain on above investment Rs 2013.00
