India Fund Performance Compared to Index -Sensex(in %)
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[+-] Asset Allocation Chart

* Beta version, started on Jan/2010 as an trial. Currently contains very limited data. Read more about this chart in the post

Monday, August 23, 2010

Corporate action opportunities - Update

This is an update to my previous post on corporation action opportunities

Following were the corporate action (Bonus shares issue) opportunities

Sterlite Technologies (Holding)

 Initial bonus plan announcement: Jan/11/2010

 Shareholders Vote: Feb/25/2010

 Bonus ratio: 1:1 & Split: Rs 5 to Rs 2.
 Record Date: Mar/10/2010
 Purchase price: Rs. 414.10/-
 Purchase dates: Jan/14 to Feb/5
  Current Price: Rs. 104.70/-
  Avg holding period: 210 days
  Avg Absolute Profit/share (as of now): 26.42%
  Average Annualized profit: 46%

Poly Medicure (Small cap- Sold)

 Initial bonus plan announcement: Feb/8/2010

 Shareholders Vote: Mar/17/2010
 Bonus ratio: 1:1

 Record Date: Mar/29/2010
 Purchase price: Rs. 193.96/-
 Purchase dates: Feb/26/2010
 Sell Price: Rs. 118.5*2 = 237/-
 Sell Date: Apr/8/2010 (41 days)
 Absolute Profit/share: 22.19%
 Annualized profit: 194.84%
 Index Return during same period: 9.38%
 Index Return (Annualized): 82.36%

IVRCL (Sold)
 Initial bonus plan announcement: Jan/27/2010

 Shareholders Vote: Mar/8/2010
 Bonus ratio: 1:1
 Record Date: Mar/19/2010
 Purchase price: Rs. 312.78/-

 Purchase dates: Feb/8/2010
 Sell Price: Rs.175.40*2 = 350.8/-

 Sell Date: Apr/8/2010 (59 days)
 Absolute Profit/share: 12.16% 
 Annualized profit: 74.17%
 Index Return during same period: 0.78%
 Index Return (Annualized): 4.73%

This was an interesting experiment and I am glad that the investments generated decent positive returns. But I don't think I will do it again. I am currently looking into some other opportunities which seems to have better prospects. Will post the details once I have more information.


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