DEAR ONES,
ANY IDEA ABOUT THE RIGHTS ISSUE STRUCTURE? IT IS ALL AT ONCE OR IN INSTALLATIONS. IF THE PREMIUM IS HIGHER THAN RT. ISSUE MAY FLOP. KEEPING MONEY in RESERVE to subscribe. hope for a happy Landing
RAJAN
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Sale of 2.07% of shares in open market from the complete promoter entity (Not an individual person but the complete promoter group). The promoter holding is down from 40.87% to 38.80%.
Normally the selling of shares is not a direct bearish or in-confidence sign for a company (as stated in books), but for a company in a major growth phase and market cap of 4000 crores, reduction in promoter holding demands more research.
Probable reason of opex or green/brown field expansion can never be strike off the table.
Absence of con-call makes it tough to monitor this situation.
Requesting fellow VP members for more insights.
Discl. Invested from lower levels
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Did you find anything on this? It’s down further at 130 levels now and looks like an interesting buy to me.
I tried to dig but wasn’t able to find anything substantial. Lack of con-calls is a real thorn in this bush.
Another one thing which has recently started popping out is the increase in trade receivables compared to revenue growth. Again, nothing fishy on its own but answers / reasons for this would have been encouraging.
Q3 results were encouraging with good expansion of margins and revenues.
Overall bullish on the company and the contract wins it usually scores / scored.
Technical Analysis - The chart looks to be taking support at the previous consolidation levels of ~130 around. To run again, has to break 150 with decent volumes.
Discl. - All views are personal. (No recommendation) / Invested as before.
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Company has received a purchase order worth of Rs.43.25 Crores from M/s. NewSpace India Limited For Supply, Installation and Commissioning of Devices for Xponders
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Avantel announced a strategic partnership with Safran aerospace to design, manufacture, and integrate multi-band antennas in India, delivering high-performance, sovereign solutions to support the growing demands of space communications across the region.
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