A Lion’s eye on the Bulls and Bears

“In India, companies may fall sick, but promoters rarely do!”

Gaurav's Blog


Day: January 19, 2010

What’s Bubbling in BOC ?…closed at Rs 218 but after recording a 52 week high of 227….Volumes are twice the two week average

BOC’s Share Price is bubbling…It reached a 52 Week high of Rs 227.50 on BSE today but closed lower at Rs 218 + ….Volumes were 3.32 lakh shares,nearly twice the two week average of 1.70 lakh shares….41 % is marked for Delivery……The Market Cap is Rs 1860 crs,but the float is under Rs 200 crs

89.48 % of the Equity is held by the foreign parent.In 2007 it held 54.80% but in January 2008 it received a preferential allotment of 36.2 million shares and also acquired 13.21million shares in June 2008 to take itto this current stake of 89.48%

At the 73rd AGM on May 29,2009 in Kolkata,the Chairman,Mr S M Datta was quite assertive that there was no intention of any buy back or de-listing.He announced capex plans of Rs 1000 crs over the next three years 

Well,the fact is that the float has to increase to 25% in a phased manner for BOC to remain listed…the other alternative is to offer to buy back the remaining shares and apply for delisting

So what do you think ?….Dilute stake back to 75% or below or delist !?

Clearly Shareholders are smarter and will not accept any offer below Rs 300 thereabouts….The foreign parent would need to shell out Rs 269 crs to buy out the remaining shares at Rs 300…..That’s small fry to get rid of over 25000 shareholders !

Interesting Days ahead for BOC on the Bourses…..take a bet 

Intel launches New Chips…delay your purchase of Computers for a month and Check out HCL Info at Rs 160 and Zenith Computers at Rs 27…Investing Theme being Computer Scrips

Intel has advertised today the launch of new Chips….i3,i5 and i7

Currently Computers and Laptops and Netbooks are powered by Intel Core 2 Duo or an Atom processor

By month end we can expect all the major Computer Brands to launch Computers with the New Chips…so delay your purchase till then….you’ll get the new chips or some fabulous deals on the Computers with the earlier Chips

The New series of Chips has the following advantages

  • nearly doubles the processing power
  • shrinks the size of Components inside the Chip by nearly 30% thereby reducing the chip size,power consumption and heat emission
  • Transistors or Switches are 32 nanometer in size compared to the current 45 nanometer….a nanometer is one billionth of a meter
  • Each New Chip will hold 440 million switches against the current 290 million 
  • The Memory and Graphic Controllers,which were earlier housed in chips adjacent to the main processor,will now be withing the Main Chip itself
  • The shrinkage in size of Components allows the Laptop to be slimmer by another Inch
  • The operating speeds will be maintained within 1 to 3.7 gigahertz
  • There will be no immediate price impact as the New Series are priced more or less at same levels as the Core 2 Duo Processor,especially for desktops…For the New Chips For Laptops the price is a little higher…A 32 nanometer i3 Chip laptop will be priced at Rs 35000 
  • The Laptop Chip’s Clock Speed will be 2.1 GHz….This speed is turbo boosted by 10% to 110% in the i5 Series chips which will cost Rs 2300 more than the i3 series…Both i3 and i5 laptop chips will consume 35 Watts while the high end i7 will consume 18 to 35 watts 
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