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kulman
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Joined: 02/Sep/2006
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Posts: 9319
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   Posted: 28/Oct/2006 at 3:46pm |
Basant jee
You mentioned correctly: This company is never discussed on Tv and that is the first sign of an undiscovered value!
If you launch "UNDISCOVERY" channel it could be a big hit...with Value Investors.
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basant
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Posts: 18403
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Posted: 02/Nov/2006 at 5:03pm |
The company's results were good for the september quarter and my sense is that the IPO of Idea icould be round the corner. This should be the first value unlocking trigger and we are already seeing part of it.
Edited by basant - 02/Nov/2006 at 5:05pm
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vip1
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Posted: 02/Nov/2006 at 5:50pm |
Basant,
There was suppposed to be a rights issue of Rs 800 crores ofrom ABNuvo. Any idea when ,or is it scrapped?
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basant
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Posted: 02/Nov/2006 at 5:57pm |
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As far as I know it is in the pipeline.Should hear about that soon.
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BubbleVision
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Posted: 02/Nov/2006 at 6:35pm |
BasantJi,
Do you know what happens to stock futures .... In case of Rights issue... i would really be greatful if you know this.
ABNuvo also has stock futures attached to itself
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basant
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Posted: 02/Nov/2006 at 6:42pm |
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Not sure but that is very interesting but they would adjust it ex-rights or start a new series from the rights date. Cannot assume that there would be no adjustment on this.
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BubbleVision
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Posted: 02/Nov/2006 at 7:02pm |
So the Futures holders would lose out on the "Cheap" rights on the stock....
Incase of LT.. (demerger of cement division).. They just expeired all outstanding positions as the Underlying (cash) was unlisted for a certain period.
But during rights the stock go ex on a certain date ... and are Not delisted.
Let us see what happens, would be an example for others which may follow...in the meanwhile for futures holders, a swith (from futures to cash) would be advised but in that case, they lose out on the leverage factor...
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investor
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Joined: 06/Sep/2006
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Posted: 06/Nov/2006 at 9:03am |
Hi Basant, I came across this news article today: -----------------------------------------------
UK firm buys 8% in Idea for Rs 960 crUK-based independent asset manager GLG Partners
has picked up an 8 per cent stake in the Aditya Birla group-controlled
Idea Cellular. The deal size is estimated at $213 million (Rs 960 crore). This
acquisition brings down the Aditya Birla group's holding in the
cellular company from 73 per cent to 65 per cent. C Sivasankaran holds
1.7 per cent in the company. The Aditya Birla group, sources said, would not dilute its stake further before launching an initial public offering next year. Ideal Cellular's CEO Sanjeev Aga could not be reached for comments. Two weeks ago, the Birla group offloaded a 15 per cent stake to Providence Equity Partners of the US for Rs 1,800 crore. Last week, it sold a 10 per cent stake to ChrysCapital, TA Associates of the UK and Citigroup. The deals with the private equity players put the company's value at Rs 12,000 crore. Sources
said the Aditya Birla group managed to sell stakes to these investors
at around Rs 53 a share, which was nearly a 30 per cent premium over
the rate (Rs 40.50) at which it had bought the Tata group's stake in
Idea this April. The Tata group had sold its holding of 48.14 per cent in Idea Cellular for Rs 4,406 crore. They added that the promoters of Idea were clear that they would not sell more than 33 per cent to private investors. "Providence
had emerged as the sole contender for this stake at one point in time.
Later, other investors joined in," they added.
-----------------------------
Considering this, what valuation do you think Idea could get on listing, and what does that translate to in terms of value per share of AB Nuvo.
That would give us an idea of how much hidden value there is in AB Nuvo.
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