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.
India Fund Performance Compared to Index -Sensex(in %)
* move mouse over the graph to view data on any particular date.
* move mouse over the graph to view data on any particular date.
[+-] 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
* 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
Posted by George at 12:19 PM
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