43% it was
In Infosys, it was should be around 50-60%
43% it was
In Infosys, it was should be around 50-60%
i guess, you are telling the theoretical acceptance ratioâŚ
i am asking you the entitlement ratio mentioned in the buyback letterâŚ
for infosys, theoretical acceptance ratio is around 60% and entitlement ratio is around 29%âŚ
final acceptance ration will get to know by mid decemberâŚ
Thanks for the clarification.
Yes, the entitlement ratio was 43% as well.
From the above snapshot, does it mean that you can only render maximum 34 shares for the buyack? Can you sell the remaining shares (120-34 in above snap) in open market anytime?
Just trying to revive this thread, since the same opportunity is available again.
I participated in the buyback last year and all my shares were accepted.
What are your thoughts on this yearâs buyback?
How many of you are participating this time?
What is record date for buyback ?
Record date is yet to be announced.
Q4 FY19:
Revenue up ( 38,010.00 vs 32,075.00) 18.50%
PAT up (8,152.00 vs 6,925.00) 17.72%
EPS down (20.85 vs 35.29)
Equity share capital up (375 Cr vs 191 Cr)
TCS Q1 2021 Concall Highlights:
Both of them have been consistent compounders in the past and still maintain leadership positions in their respective domains. However, It is also worthwhile to note that the business has entered the in the corporate lifecycle. This is evident from the slowly declining CAGR numbers year over year.
Edit: TCS CEO Mr. Krithivasan is also resonating the same during the results announcement. In a decade, the last quarterâs growth of 0.4% was the slowest.
Maintaining an aspirational margin of 26-28% with flat or zero growth is a paramount ask, and efficiency canât be leveraged beyond a limit. I hope they expand their portfolio of services in the emerging digital space to address the flat growth in traditional areas.
Disc: Invested and biased
Some highlights from FY23 AR:
Some of these partnerships are in emerging and futuristic technologies and do have a potential to trigger marginally higher revenue growth for few years.
BT Group has been struggling for quite some time, and if TCS can revamp their legacy applications and increase efficiency that could help turn around in BT Group future.
Disc : Invested.
TCS may announce buyback:
Expectation Rs 18,000-20,000 crore.
Offer Price: Rs 4300-4500
CMP: Rs 3620.20.
52-week high: Rs 3634.25
5th BB in 6 years
History of BB by TCS:
January 2022 â Rs 18,000 crore buyback at Rs 4500 per equity share.
December 2020 â Rs 16,000 crore buyback at Rs 3000 per equity share.
September 2018 - Rs 16,000 crore buyback at Rs 2100 per equity share.
May 2017 - Rs 16,000 crore buyback at Rs 2850 per equity share.
2017,2018 and 2020 has 100% acceptance ratio for retail whereas Jan 2022 was 23%.
Disc: Invested