20th January 2012, 09:52 AM
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Sachin Asher
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Join Date: Sep 2006
Location: Vadodara
Posts: 8,631
Rep Power: 383
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Quote:
Originally Posted by magnet
After yesterday's result what should be the stock present value?
Also have Catamaran sold its stock? I guess 21 st January is the date after which they can exit from their holdings.
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After the third quarter results, the networth of the company is around Rs 750 crore.
However, if the company keeps reporting losses, the networth would be reduced further.
Quote:
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Net worth has dropped to Rs.762 crore at end-December from around Rs.1,800 crore when it got listed in August 2010.
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SKS posts Rs 428 crore loss; net worth erodes - Corporate News - livemint.com
Catamaran purchase date was 16th January 2010 and the lock-in period was 24 months.
Catamaran could have exited as soon as the price of the stock fell below Rs 400, but chose not to.
Quote:
Catamaran had invested R28.1 crore in SKS Microfinance on January 16, 2010, for 937,770 shares. This represents a 1.3% ownership of the company on a fully-diluted basis.
Contractually, Catamaran shares in SKS Microfinance have a lock-in for a period of 24 months from the date of investment. But this two-year lock-in clause that barred the exit of Catamaran till January 2012, lapsed in May when the weekly average closing price of SKS shares fell below Rs. 400.
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Catamaran may exit SKS Microfinance |
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