dkishore
19-12-2007, 07:12 AM
Thomas Cook travels up on placement talk
Bucking the bearish trend, the stock of Thomas Cook has appreciated by more than 63% over the past week and 111% in the past month. That the counter has attracted speculative interest is evident in that less than a fifth of the shares traded are actually being delivered.
These interested elements have gone a step further and are talking of the company going in a for a private placement of over Rs 100 crore. Additionally, ‘old’ rumours of its promoters, Dubai Financial, announcing a buyback offer in a bid to delist the company, has surfaced again.
When contacted chairman Udayan Bose said, “There is no such equity deal or private placement in the offing.” He, however, spoke of a rights issue (already informed to the exchanges) hitting the market by next year. Analysts are sceptical about the sudden spurt in prices, considering that Thomas Cook’s recent acquisition of TCI came a cropper on the back of the latter’s senior executives leaving the company for new ventures.
High-rise buzz lifts Ispat Industries
The stock of Ispat Industries has been surging on talk of the company developing a residential project in a prime locale in South Mumbai. The counter, which ended around 5% up on Tuesday, gained around 80% over the past month.
As per market buzz, Ispat Industries along with a local developer is developing its excess land of 4-5 acres at Peddar Road for residential purposes. The booking rate per square foot is being pegged at Rs 85,000 and is reportedly the highest after Malabar Hills rates. When contacted company officials declined to comment on market rumours. The stock ended at Rs 81.35 on BSE.
I-bankers queue up for largest public offer
It’s arguably the largest issue at Rs 16,742 crore by the country’s largest lender. And understandably everybody wants a piece of this pie. It is a well-known fact that 14 leading investment bankers participated in a beauty parade, volleying for the pole position. That was last week. Informed sources said that the ‘said’ bankers have been called for a one-on-one on Wednesday by the advisors to the issue.
So, who made it is a question that remained unanswered even at the time of going to press. Announcements are expected by this week. There is even talk of minimal fees being charged by bankers. For now, the names doing the rounds for the book running lead managers position include DSP Merrill, Enam, JM Financial and Kotak.
ET
Bucking the bearish trend, the stock of Thomas Cook has appreciated by more than 63% over the past week and 111% in the past month. That the counter has attracted speculative interest is evident in that less than a fifth of the shares traded are actually being delivered.
These interested elements have gone a step further and are talking of the company going in a for a private placement of over Rs 100 crore. Additionally, ‘old’ rumours of its promoters, Dubai Financial, announcing a buyback offer in a bid to delist the company, has surfaced again.
When contacted chairman Udayan Bose said, “There is no such equity deal or private placement in the offing.” He, however, spoke of a rights issue (already informed to the exchanges) hitting the market by next year. Analysts are sceptical about the sudden spurt in prices, considering that Thomas Cook’s recent acquisition of TCI came a cropper on the back of the latter’s senior executives leaving the company for new ventures.
High-rise buzz lifts Ispat Industries
The stock of Ispat Industries has been surging on talk of the company developing a residential project in a prime locale in South Mumbai. The counter, which ended around 5% up on Tuesday, gained around 80% over the past month.
As per market buzz, Ispat Industries along with a local developer is developing its excess land of 4-5 acres at Peddar Road for residential purposes. The booking rate per square foot is being pegged at Rs 85,000 and is reportedly the highest after Malabar Hills rates. When contacted company officials declined to comment on market rumours. The stock ended at Rs 81.35 on BSE.
I-bankers queue up for largest public offer
It’s arguably the largest issue at Rs 16,742 crore by the country’s largest lender. And understandably everybody wants a piece of this pie. It is a well-known fact that 14 leading investment bankers participated in a beauty parade, volleying for the pole position. That was last week. Informed sources said that the ‘said’ bankers have been called for a one-on-one on Wednesday by the advisors to the issue.
So, who made it is a question that remained unanswered even at the time of going to press. Announcements are expected by this week. There is even talk of minimal fees being charged by bankers. For now, the names doing the rounds for the book running lead managers position include DSP Merrill, Enam, JM Financial and Kotak.
ET