Promoter have not sold any shares in last 1 year atleast. Infact they added few shares last quarter. The decline in promoter holding in because, in the fund raise round, promoter participation was low, hence leading to dilution in overall promoter stake.
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Invested in the company since 1.5 years…key reasons were good growth since last 5 years and warrants issuance to big names. Just heard the Q4 transcript, found the management bit mediocre in their replies and language and also a bit elusive replies to few questions on investory loss..breakup of new orders etc. Was looking to add at current levels, however after hearing the commentary…will wait and watch for the numbers to improve and also the final list of warrant conversion.
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very true, few quarters back he used to have such long concalls and used to go the extra notch to explain his vision, strategy but in this concall he was quite short, not willing to take the challenging questions and not allowing anyone to ask beyond 2 questions.
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The real question for Fineotex management is wether they can get new customers in other countries for textile chemicals given the fact that India Bangladesh tensions are not going to get resolved any time soon. They will need atleast 1-2 quarters to acquire new customers with appropriate discounts and also adjust logistics chain. Post that the company might do better.
If not the other alternative is to repuropose the plants for alternative chemical products which is much more harder and costlier…
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Company has acknowledged in the concall that it will take time to revive textile demand and plans to strategically pivot to Oil & Gas vertical to compensate for its Textile vertical fall out, without immediately requiring major new capex. Looks like their branding exercise is towards this.
They are trying to target O&G market in Middle East, US, Russia where they are looking for alternative to China supply chain.
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What will be the impact on Fineotex Chemicals stock price, as US has imposed 35% tariff on Bangladesh Garment Exports, though Indian Textile stocks have surged on this in anticipation of increased volumes, but I think Bangladesh is a major client of Fineotex Chemicals, so will there be any negative impact on the stock?
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FCL.pdf (258.2 KB)
FINEOTEX CHEMICAL: CO TO CONSIDER INTERIM DIVIDEND, SHARE SPLIT, BONUS ISSUE AT SEPT 27 BOARD MEETING
01 share will become 10 shares
Is there any real benefit with this exercise? Share price can become 25 from 250. But it doesn’t really add any long-term shareholder value but just makes more folks punt on the stock. Thoughts?
This does not have any material impact on the prospect of the stock, except the volumes may increase as the stock price decreases. The stock price was also not very large , hovering around ₹250 was not such a big amount that they wanted to increase the retail participation. The stock price is never equivalent to stock value. This seems like just to improve the market sentiment.
But why company did split and bonus at the same time still intrigues me.
Dividend payout is less than last year’s payout. So nothing unexpected there.
For the rest operators will operate and promoters will promote, nothing unusual in Indian markets. For a while all brokers and all influencers will peddle this stock. So a month of gains and eventually the next quarter results will also be poor due to impact on indian textiles and hence on textile chemicals.
Interested parties are doing what they can to keep the stock price up and avoid the margin calls.
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Some Issue with Bonus and Split. Did Everyone receive it?
I had 20 Qty. However, it’s showing 160 Posts Adjusted. It should be 200
2:1 Split and 4:1 Bonus.
20 —> 40 ----> (40*4)+40 ----> 200
Your calculation is correct, it should be 200.
I have received (zerodha) and reflecting appropriately.
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