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Out of these 3.23 cr were open market purchases as shown here, rest from bulk deals I guess.
The company has completed purchase on Monday itself, see their ad on Business Standard on 24th.
Earlier I had sold my DCHL shares at 66, expecting this big fall. Will wait for some time before re-entering.
I guess the prospects will remain dim till the telengana problem is resolved. But the group has great business, high operating margins, steady cash flows, and now with almost 74% promoter holding.
Any comments of there buying out Futures Capital Holdings?
Deccan Chronicle's management has denied any such deal.
Quote:
It's news to me. I am not aware of any such development," said T Venkattram Reddy, chairman, Deccan Chronicle Holdings (DCHL).
N Krishnan, managing director of DCHL, said, "I am sorry. I don't know anything about this." Deccan Chronicle Holdings publishes the Deccan Chronicle newspaper and owns the Deccan Chargers team in the Indian Premier League.
I have a holding of Deccan Chronicle at Rs 70. I bought these shares after the company announced buy back and now got stuck .
Is there any chance of this share touching that price again in near future?
The company will be declaring results on 15th May.
Wait till the results are declared.
If the results are not bad, the company may declare a dividend this time.
Last year, the company didn't declare a dividend, but instead went for a buyback.
I wouldn't be surprised if the company does the same this year too. Buybacks are more tax efficient and if done at low market valuations, buybacks enhance long-term value for investors.
I wouldn't be surprised if the company does the same this year too. Buybacks are more tax efficient and if done at low market valuations, buybacks enhance long-term value for investors.
After the last buyback, promoter holding have shot up to 73.83%. So promoters won't go for another buyback.
Depending on the results, dividend might get declared. There were some rumours about the stake sale in Deccan Chargers team, any news on that front can trigger an upside in the stock.
The losses of subsidiaries have been used to reduce the company's tax outflow.
The losses are allowed to be carried forward.
Why to save tax, reduce earnings on paper and subsequently get a beating on market value of stock? You will get bad name, and low margin if you give it on loan.
Yes, but why pay taxes now, when they can be paid a few years later?
All the subsidiaries were wholly owned.
Merging the subsidiaries had no effect on the consolidated results except that some of the tax payments that would have happened in the current year, were postponed for a few years.
Yes, but why pay taxes now, when they can be paid a few years later?
All the subsidiaries were wholly owned.
Merging the subsidiaries had no effect on the consolidated results except that some of the tax payments that would have happened in the current year, were postponed for a few years.
One drawback is that now the liabilities (loans, employee pension costs, any future litigation etc) of the subsidiary will be fully owned by the merged entity.
A subsidiary can close shop, call bankruptcy without affecting the owner.
It's more difficult to close a line of business than a wholly owned subsidiary.
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