I had written my views on PHOENIX LAMPS on 24h March 2017, where we had a opportunity to make 17.5 Rs per 1 share of PHOENIX LAMPS with some risk.
Now equation looks better to me !! You can make around 23 Rs per 1 share of PHEONIX.
Let me know if I miss any other Risks here other than the once highlighted in my previous Post.
As on 19th May 2017 ,
SUPRAJIT ENGINEERING 256,
PHOENIX LAMPS 181
5:4 ( Phoenix/Suparjit) share swap ratio.
Post share swap only Suprajit shares will be traded.
0.8 x 256 =204.8
204.8 -181 = 23.80 ( Net profit).
1) The share swap may take some more time due to delay in the Merger process. Merger proposal is now to be dealt by NCLT. NCLT Bangalore is dealing the merger case for the first time. Suprajit Mgmt is hopeful of this happening soon!!
See Page 2 in the Press release dtd. 13 Feb by Suprajit Press release in below link.
2) Below video tells how Suprajit Engg. started and grown.
Disclosure :Holding PHEONIX LAMPS @ much lower price: around 8 % of my current overall portfolio.