VituVingiSana wrote:obiero wrote:Superprime1 wrote:Ebenyo wrote:Superprime1 wrote:Ebenyo wrote:Baloobhai Patel saw an opportunity to preserve his cash with a continous income.
At what price did he acquire?
He is currently the top largest shareholder.I dont know his Abp.My current abp here is 12.70 and im planning to exit.I wanted them to make sure that investment income is growing yoy but they have failed.
Even worse are the rising administrative expenses...
Can't help but wonder what's the future of Carbacid...
Same guy remains second among significant KQ shareholders
We all make mistakes even as astute an investor as BC Patel.
I don’t think CARB would be classified as a mistake. Sure they are going thru a rough patch currently but consider this:
1. Cheapest source of CO2
2. They are also the most expensive on the sell side. To get back market share they need to reduce their prices but this company usually hates price wars
3. They have ZERO DEBT
4. Baloo bought these shares way back before BOCs offer. So he must have recouped his investment several times over.
5. They need to improve their investment income. Since this company is cash rich, it usually invests in NSE mainly and now bonds. Decisions to buy shares from what I have heard is done in-house and sometimes leads to poor buys eg NBK. They need a CIO with experience here