offer price is 5, target price is X
7 share -----> 6 Share
share compress ratio is= 7/6
this calculations with this repurchase offer.
Target Net assets is Y
now Net Asset is 8.68 , I hope end of this quarter Net Asset above Rs. 9
Target P/E is Z
with current P/E ratio.
I think Mal will pushed to good position.
1. Why company do like this? company staying strong position
2. if they announce more collection announcement with higher price range( to avoid practical issues)
practically company cannot buy 32M share at this price level.
3. Tea price getting better positions
4. crude oil price getting high value if its can continue rubber price also going to peak.
5. other factors. interest rate, we are in bull market. plantation sector profit growing 375% for last year
6. We are in CSE. we can expect Rocket Rally's.
This is a promotion. at the moment i am holding some amount of quantity.
Please get decision after fully studying. I am not recommend to you