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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Renuka Holdings

Renuka Holdings

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41Renuka Holdings - Page 3 Empty Re: Renuka Holdings Sun Mar 31, 2013 3:11 pm

Slstock


Director - Equity Analytics
Director - Equity Analytics
@UKboy wrote:Unlike CARS group, RHL management is in an ideal position to announce a right issue at any given time. It’s really depressing to see their unstoppable sellings. Otherwise RHL would have been over at least Rs45-50 mark for sure.
I suspect they will keep selling their stake until Renuka Group ltd hold 51% of RHL shares. Good thing is they are not far from 51% of RHL.


The last selling.buying was inter party. After 2 right issues for RAL and COCO and killing the share price of RHL from Rs 50 to 30 it will be the most unwise decision to do a 3rd right issue in the group at this time. Else it will be like LCEY group right magicians. Atleast they should wait until COCO, RAL recover in price along with RHL until they een think about any such decision .

Now if they do go for a right issue at this time, I would loose faith in this compnay and accuse them for treating their minority holders like xxxx.




42Renuka Holdings - Page 3 Empty Re: Renuka Holdings Sun Mar 31, 2013 3:52 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Yes another rights would be like twisting the dagger.

43Renuka Holdings - Page 3 Empty Re: Renuka Holdings Sun Mar 31, 2013 4:23 pm

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@slstock wrote:
@UKboy wrote:Unlike CARS group, RHL management is in an ideal position to announce a right issue at any given time. It’s really depressing to see their unstoppable sellings. Otherwise RHL would have been over at least Rs45-50 mark for sure.
I suspect they will keep selling their stake until Renuka Group ltd hold 51% of RHL shares. Good thing is they are not far from 51% of RHL.


The last selling.buying was inter party. After 2 right issues for RAL and COCO and killing the share price of RHL from Rs 50 to 30 it will be the most unwise decision to do a 3rd right issue in the group at this time. Else it will be like LCEY group right magicians. Atleast they should wait until COCO, RAL recover in price along with RHL until they een think about any such decision .

Now if they do go for a right issue at this time, I would loose faith in this compnay and accuse
them for treating their minority holders like xxxx.


Re RHL - No need for Rights. They will next spin of Renuka Agro Exports Ltd, (via IPO), which they own 96 %, a unlisted company which is the parent company of COCO or Renuka Shaw Wallace as it is now known. Renuka Agro not to be confused with RAL (Renuka Agri Foods Plc) !

44Renuka Holdings - Page 3 Empty Re: Renuka Holdings Sun Mar 31, 2013 4:31 pm

Slstock


Director - Equity Analytics
Director - Equity Analytics
Hmm, interesting thought.

Btw RAL is also adding to their plate consistently now.




@The Alchemist wrote:
@slstock wrote:
@UKboy wrote:Unlike CARS group, RHL management is in an ideal position to announce a right issue at any given time. It’s really depressing to see their unstoppable sellings. Otherwise RHL would have been over at least Rs45-50 mark for sure.
I suspect they will keep selling their stake until Renuka Group ltd hold 51% of RHL shares. Good thing is they are not far from 51% of RHL.


The last selling.buying was inter party. After 2 right issues for RAL and COCO and killing the share price of RHL from Rs 50 to 30 it will be the most unwise decision to do a 3rd right issue in the group at this time. Else it will be like LCEY group right magicians. Atleast they should wait until COCO, RAL recover in price along with RHL until they een think about any such decision .

Now if they do go for a right issue at this time, I would loose faith in this compnay and accuse
them for treating their minority holders like xxxx.


Re RHL - No need for Rights. They will next spin of Renuka Agro Exports Ltd, (via IPO), which they own 96 %, a unlisted company which is the parent company of COCO or Renuka Shaw Wallace as it is now known. Renuka Agro not to be confused with RAL (Renuka Agri Foods Plc) !

45Renuka Holdings - Page 3 Empty Re: Renuka Holdings Sun Mar 31, 2013 4:57 pm

UKboy


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@slstock wrote:
@UKboy wrote:Unlike CARS group, RHL management is in an ideal position to announce a right issue at any given time. It’s really depressing to see their unstoppable sellings. Otherwise RHL would have been over at least Rs45-50 mark for sure.
I suspect they will keep selling their stake until Renuka Group ltd hold 51% of RHL shares. Good thing is they are not far from 51% of RHL.


The last selling.buying was inter party. After 2 right issues for RAL and COCO and killing the share price of RHL from Rs 50 to 30 it will be the most unwise decision to do a 3rd right issue in the group at this time. Else it will be like LCEY group right magicians. Atleast they should wait until COCO, RAL recover in price along with RHL until they een think about any such decision .

Now if they do go for a right issue at this time, I would loose faith in this compnay and accuse them for treating their minority holders like xxxx.

COCO rights is probably the most hideous right issue I have seen in recent times & not surprised to know that it was not completed with 100% success.

Nope SLS I too dont think they will go for a right issue at now ( I would bet JKH to go for a right issue earlier than RHL).

I just wanted to tell that Rajiyah family is in such ideal position to go for a right issue (bring new money from the minority) as they wish while in the pilot seat.

I do hold RHL shares & if the price is right (for me) I would buy more.




46Renuka Holdings - Page 3 Empty Re: Renuka Holdings Sun Mar 31, 2013 4:59 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
No they should do what Softlogic did - split the ownership between two companies and list both of them!

Then sell the stake of one to an outside party after the IPO. Before the IPO the accounts are consolidated (ie SCAP) to create a good impression. After the sale the accounts can't be consolidated and hence those who bought at the IPO are hanged out to dry

47Renuka Holdings - Page 3 Empty Re: Renuka Holdings Mon Apr 01, 2013 12:48 pm

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
After the starting confrontations I became reader. Few very valid points were discussed. Rainmaker made separation in between investment trust- invest using SH s money and investment holding- Primarily make investment from accumulated idividend and sales of existing investments. But for frontier mkts like CSE it may not such impact. The only issue I could consider regarding RHL was sales of shares by owners/ directors since 2010 whilst holding at least 51%. I heard from friends the money proceeds from sale of RHL shares by directors were used to acquire other businesses themselves or bought along with RHL. Otehrthan that this company perspective looks good. So far I couldnt find any drawbacks...

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