Bharat Nidhi Ltd : Price of Bharat nidhi is around Rs6000 now. Compared to price of Other reputed holding company Tata investments Ltd which is around Rs525 quoted in BSE/NSE . Price of Bharat Nidhi appears very unrealistic and if it starts trading in Delhi Stock Exchange {where it is listed} when trading restarts there it may not quote ther even around Rs2000.Reasons; Bharat nidhi not widely known like Tata Investments. Secondly they differ widely in regard to transparency and corporate governance.If performance so far is any indication ,there may not be any move to un lock hidden value at all.Lastly through vehicle of Unlimited partnerships, which are now allowed, the expectation of unlocking of hidden value may not materialise at all {based on which Bharat Nidhi had gone up to such unrealistic levels. Further,prevailing International bearish Market conditions expected to intensify in the coming months may also affect the prices downwards. I request others who may have views/inputs to contribute on this to share with others in this forum.
Mittal Portfolios Pvt. Ltd are the main traders in this. I think you should ask them. After all thank to the Parasrams and Mittals, BNL is at this unrealistic price.
ReplyDeleteDear Mr.Yogesh , Thankyou for the input.If attitude of Bharat nidhi Management for the past 4 decades is an indication, they will never, never do anything to benifit the shareholders except paying 6percent dividend which they have done for over last 40 years.
ReplyDeleteIt is reported that Reliance has transferred considerable promoter holdings to newly formed limited partnership units. If Bharat Nidhi also transfers its promoter holdings in Bennett & colman to limited liability partnerships then wouldit not affect unlocking of its hidden value and adversely affect its price substantially?
ReplyDeleteIs 6 % Dividend some Vastu Shashtra for the Bennett Coleman Group ?
ReplyDeleteThe real issue with Samir Jain Group is that they do not have any pressing need to raise capital . They may or they may not come out with Bennett Coleman IPO. What would they do with the massive funds thus raised ?
ReplyDeleteDO NOT SELL A SINGLE SHARE OF BHARAT NIDHI AT ANY PRICE. LET THE SHARE GET ITS TRUE VALUE ON RESTRUCTRING . TIMES GROUP SHOULD DO ALL TO GIVE BENEFIT TO THE SHAREHOLDERS. THEY SHOULD UNDERSTAND THAT BY REMAINING ABOVE PAR/ HONEST THEIR REPUTATION WILL BE MUCH MORE THAN WHAT THEY WILL GET BY DOING UNSCRUPULOUS MEANS AND NOT GIVING SHAREHOLDERS IT RIGHT PRICE.
ReplyDeleteHow can a Group which has never rewarded its share holders by a Dividend more than 6 % be expected to be Investor Friendly.
ReplyDelete