AR is 48 to 49% only.less than expected
Cheviot Company Ltd Buyback 2021
(i) Group Cheviot consists of a diversified portfolio of industries in Jute, Tea and Leather. Over 5,000 employees are working in various disciplines for the Group. These include highly qualified, experienced and professional managers, technicians, administrators, and skilled & unskilled workers.
(ii) They operate two business segments namely Jute goods and Captive power generation. Their jute products include sacking bags sacking cloth hessian cloth and bags and decorative fabrics.
(iii) In January 2003 company commenced commercial operation in their Captive Power Plant with the installed capacity of 3.14 MW. In March 2003 the company commenced commercial production of industrial fabrics at their new 100% Export Oriented Unit (EOU) in Falta Special Economic Zone (FSEZ).
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Dec 17 2021|
|Buyback Opening Date:||Jan 10 2022|
|Buyback Closing Date:||Jan 21 2022|
|Buyback Offer Amount:||₹ 43.12 Crores|
|Date of Board Meeting approving the proposal:||Dec 04 2021|
|Date of Public Announcement:||Dec 04 2021|
|Buyback Offer Size:||3.99%|
|Buyback Number of Shares:||2,50,000|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 1725 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars (in Crores)||Mar 21||Mar 20|
|Profit Before tax||93||62|
|Profit After Tax||76||48|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||1,66,750||1,66,750||1,66,750||1,66,750|
|No. of Shares buyback||38||58||86||115|
Company Contact Details:
For nucleus software declared today
ER of Nuclues soft is around 15.5% in retail category.
Retail ER – 15%, As per calculation potential retailers is around 23Lacs, Looks like Max 30% AR
After deduction of promoters number General Category comes around 67 Lacs, So bare minimum 30% will go in buyback if all general category participate else looks like 40% AR.
I believe that the AR in general category is likely to be not less than 50% as the promoters may not participate in the buyback. Thank you.
I m expecting 37-42 % AR in Reserved category.
In my opinion, anything more than 40% AR is good as chances to this extent are likely to be on a lower level. Thank you for sharing your views.
Maine apne Gurudev Aniketiaf sir se ER/AR calculation sekha tha. In dino sir ji kisi v forum par active nahi hain. Pehli baar un k diye hue Gyan k aadhar par AR calculation kiya hun. Dekhna hai k kitna sahi sabit hota hai.
From the bottom of my heart, I am telling you that I miss my true Guru ANIKET Ji like anything. You might have seen many of my humble prayers regarding the loss we are experiencing due to non availability of his valuable views. But, unfortunately he could not respond. Hopefully looking forward for his resumption of posting helpful messages.
I am also in the process of learning. Thank you for the warmth in your post.
Any news of a fresh buyback??
GE Shipping may decide on 27/12, the details of the buyback of the shares of the company. Let us wait and see.
Ajanta pharma MEETING on 28.12.2021 for buyback
If you can kindly share your experience of the previous occasion n views on the present one, I shall be grateful to you.
Sep 2020 buyback had 20% acceptance for small shareholders…
I Expect 25%.. Seems to be risky.
Anyone kindly comment.
very small size 4%.. ER of 3% 🙁
EPS is good. No benefit and high risk if bought at more than 1350 – 1400..
Thank you very much for your views.
I wholeheartedly appreciate your consideration for opening up of a separate page for the buyback of Cheviot.
Around Rs.1400/- maybe the best choice to grab the opportunity. Let us wait and see if we can get the shares at that rate. Thank you.
Around 1400 for HNI or retail?
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