Sesa Goa Ltd. Please Help

Rashad · #1 13th July 2008, 01:54 PM

Hello

I am new to this great forum. and i am learning a lot reading the posts. i would like to ask a question.

Today i came to know that Seasa Goa will give bonus share 1:1 and stock will split with the face value of 1. there press release as mentioned below:-

Quote:

Sesa Goa Ltd has informed that August 18, 2008 has been fixed as the Record Date for Sub-division of shares of nominal value of Rs 10/- each to nominal value of Re 1/- each and for issue of bonus shares of Re 1/- each, credited as fully paid-up shares to the holders of the existing equity shares of the Company whose names appear in the Register of Members as on August 18, 2008 in the proportion of one equity share for every one existing equity share held by them.

Seasa goa is trading at RS 3004.70 at the moment with 52Wk H/L 4390.00 - 1686.10.

my question is if i buy 100 share now, than what will be my worth once bonus and split happens.

kind help will be appreciated.

Thanks
Rashad

rkkarnani · #2 13th July 2008, 10:28 PM

Quote:

Originally Posted by Rashad

Hello

I am new to this great forum. and i am learning a lot reading the posts. i would like to ask a question.

Today i came to know that Seasa Goa will give bonus share 1:1 and stock will split with the face value of 1. there press release as mentioned below:-

Seasa goa is trading at RS 3004.70 at the moment with 52Wk H/L 4390.00 - 1686.10.

my question is if i buy 100 share now, than what will be my worth once bonus and split happens.

kind help will be appreciated.

Thanks
Rashad

The worth shall not change due to split or bonus.....it will change as per price at which the shares are traded after bonus and split.

kunal.singhal · #3 22nd July 2008, 08:39 PM

Quote:

Originally Posted by rkkarnani

The worth shall not change due to split or bonus.....it will change as per price at which the shares are traded after bonus and split.

Hi,

I have picked the below from a Money Control Message board, I personally really do not think that the below is possible.... I mean would the price really go up sooo much BECOZ OF THIS NEWS????

I am very keen to pick this stock up.... I have a recomen from our esteemed Mr. Savant that the price will go down in the next few days before 7th Aug to 2600 levels and it should be ok to pick it at that price, now this post talks a little different....

What are the experts views on this???

Thanks
Kunal

its a screaming buy.........

i think investors have been intimidated by this market, since the biggest flop listing of reliance power.........

now people dont even invest in gems like sesagoa.

maek my words, u can see these people running around and raising money somehow to buy sesagoa in the last week of july and first week of august and at prices like 4000+ and 5000+ ........ now when its available for 2750 , they are scared. and they are later sad that they didnt get it for 4500 coz the price went up to 4800 then ...and then they didnt get it for 5200 coz price went upto 5500.....and then not at 5800 coz price crossed 6000............

tehn at 6000+ they wont buy it coz the price is high !!!!!.... and if they watch it going even past 7000 or so ....they\\`ll say we missed it even at 6000 ...........we shouldve remembered that mrf went upto 8900 when bonus was declared whivh is now trading at 3000. and eps and pe of sesagoa are damn good and so we should\\`ve bought it.

and ultimately they will buy at something like 7500-8000 .......and then exbonus , exsplit the price might come down a bit, and then they will say that sesagoa is not a good share and they are in losses now and they will blame me for giving buy calls ..............

why dont we change????

amit1476 · #4 23rd July 2008, 04:42 PM

do not listen to any body, who says prices will come down to 2600 by 1st week of august.., what is the source of information.

As far as fundamentals are concerned, check out the Q1 09 results. profit gallops by 450% (yes 450%).. iron ore prices are screaming to a high.. read Business standard.. NMDC has asked the govt to increase its iron ore prices by 97%.. sesa goa has already started talking about increasing its prices..

fundamentals are excellent.. it has announced a dividend of 30 rupees a share.. further 1:1 bonus along with 1:10 split.. if you hold 10 shares, following the bonus and split you will have 200 shares in your kitty..

its a very good buy, with the announcement of results today, it shot up by 14%..

viv97in · #5 24th July 2008, 08:48 PM

I agree. Sesa Goa is a very good buy at around 3000 levels and has v good long term prospects.

snc1311 · #6 24th July 2008, 11:11 PM

HI,
SESA GOA IS A STRONG COMPANY AND SHOULD BE ON THE BUY LIST AT THE CURRENT PRICE.
snc1311

NILKANTH KORANNE · #7 3rd August 2008, 07:30 PM

If anybody can throw light on confusion regarding Record date of Sesa Goa. What is the fate of shares purchased during 8th August & 17th August 2008?

raedthakur · #8 5th August 2008, 05:18 PM

i too am interested .... could some 1 put some light on this...as to when would be the best time to but sesa

The Following User Says Thank You to snc1311 For This Useful Post:
raedthakur (5th August 2008)