Thursday, October 8, 2009

PROVOGUE IND: BUY BACK OFFER

Hi Mahesh,What are your thoughts on Provogue Ind.Please provide me the useful tips.Thanks ask by shri Ravi kiran Samavedula ji
1. provogue ind is a B group company with 2 rupees face value.
2. provogue ind ltd make his year high of 142 at 14 oct 2008
3. promoter of provogue ind hold 41.51 percent share and pledged his 31.58 percent holding so low promoter holding with pledged share is not good sign but FII hold near about 30 percent so this is a FII driven stock.
4.Raesh junjunwala ( known as Indian warren buffet) also hold 19 lacs share of provogue ind in june 2009.
5. provogue ind share june2009 EPS is 0.58 only
6. provogue ind hereby announces the buy-back ("Buy-back") of fully paid-up equity shares of the face value of Rs 2/- each ("Equity Shares") not exceeding 50,00,000 Equity Shares ("Maximum Offer Shares"), from the existing owners of Equity Shares other than those who are promoters, promoter group, directors of promoters, persons in control and persons acting in concert
7.
CLICK HERE TO READ FULL DETAIL OF THIS BUY BACK OFFER
8. book value of provogue ind is 57.81 so share .
9. so overall my view is positive in this company.
THIS ANALYSIS IS MAHESH CHANDER KAUSHIK OPINION ONLY NOT A PROFESSIONAL ADVICE SO READ DISCLAIMER BEFORE TAKE ANY ACTION.
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