Further to my observations
http://lalitlk-lalit-lk.blogspot.in/2012/11/vardhman-acrylics-buy-back-creating.html
Slowly and steadily the management has picked up all most half of the targeted two crore shares. IMHO, even if the price is raised to Rs. 12.50 , they may not achieve the target. Progress so far is summarised
Qty range No of Days Total Average (daily)
Buy Back is in Blue while other delivered received by others in Red.
Bye the way, book value of the Company for residual shareholders is getting enhanced as the buy back rate is below exiting book value by over seven rupees.
http://lalitlk-lalit-lk.blogspot.in/2012/11/vardhman-acrylics-buy-back-creating.html
Slowly and steadily the management has picked up all most half of the targeted two crore shares. IMHO, even if the price is raised to Rs. 12.50 , they may not achieve the target. Progress so far is summarised
Qty range No of Days Total Average (daily)
| 0-50 K | 72 days | 1312443 | 18228.38 |
| 50001-1 Lakh | 31 days | 2062068 | 66518.32 |
| 100001-2 Lakh | 18 days | 2659038 | 147724.3 |
| 200001-4 Lakh | 14 days | 3813852 | 272418 |
| Total | 9847401 |
Bye the way, book value of the Company for residual shareholders is getting enhanced as the buy back rate is below exiting book value by over seven rupees.
Based on holding pattern on 31/03/2012 & 31/12/2012:
ReplyDeleteBodies Corporate (51) 34,17,773 shares,
Individual shareholders holding nominal share capital up to Rs. 1 lakh(1294)20,40,766 shares,
Individual shareholders holding nominal share capital in excess of Rs. 1 lakh (107)42,05,643 shares,
NRI'S (11) 53,650 shares,
Any Other Total (10) 48650 shares
Total (1462 shareholders) exited 98,12, 832 shares till 31st December 2012.
Discrepancy NOT EXPLAINED