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cals refinery - WEBSITE UPDATED -CHK IT OUT
| From : Krishna Sk at 10:37 AM - Apr 16, 2010 ( ) |
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Shares held by Custodians and against which Depository Receipts have been issued have come down from 94.96 to 61.16% in dec 2009 and they are still offloading these. These shares are being bought by common/innocent people.
Cals refineries promoters hold only 0.11 percent share in this company and Shares held by Custodians and against which Depository Receipts have been issued is 83.98 percent ..thts a very valid point
Cals refineries promoters hold only 0.11 percent share in this company and Shares held by Custodians and against which Depository Receipts have been issued is 83.98 percent (custodian name is The Bank of Newyork Mellon DR). So promoters do hold a big chunk of equity (almost >70%) but it is held by custodians for issue of depository receipts at the moment.
Experts please help Mudraa members on Cals Refinery. A detail study is required before projecting it a " MUTIBAGGER ".
Nothing has changed, All the information availiable on website has been there in the previous site too. Infact they keep changing the setting up date of the project again and again. This story of MOU's and all the agreements with the foriegn consultants have been there for the last 2 years. The only thing that has changed is the holdings of promoters, which has come down drastically. Points: 1)Price have come down from Rs128(12.8 after the split) to .44 paisa. 2)Promoters holding now just 0.11% 3)Commissioning date shifted 2 to 3 times and the shift is in years and not in months or days. 4)No Signs of Financial closure yet 5) Depository Receipts which were 94.96 in Dec 2008 are being liquidated now a days and have come down to 61.16% in Dec2009. Innocent people are buying whereas big players are off-loading. My question is if this is such a big multi-baggers then why are heavy offloading taking place. People please do research before pumping in hard earned money in this
this project details has been openly given in the website ..i appreciate their transparency now ....god
Project Partners The project will be carried out under the supervision of world-leading technical consultants and engineering contractors, working closely together with Cals’ management and operations teams. The Company has also signed a landmark agreement with British Petroleum (BP) for the supply of crude and offtake of products from the Haldia Refinery. Cals’ key contractors and partners for various stages of the project are as follows: Assessment - KBC Process Technology Consultants Ltd (Mechanical Integrity for health check of units) Dismantling - Lohrmann International GmbH (Sale agent for German refinery, dismantling, packing, FOB Basis) Transportation - Wilh. Loesch India Pvt. Ltd (Transportation to Haldia) Re-erection - Ventech Engineers Inc. (USA) Process Re-engineering - Ventech Engineers Inc. Detailed Engineering - Ventech Engineers (ISBL), Mott Macdonald (OSBL) PMC (Project Management Consultant) - Ventech Engineers Inc. Basic design documentation - Lohrmann International GmbH Detailed Project Report - Chemtex Global Engineers
i faced very much criticism on this website , due to cals but still i love their motto, it will be the second largest refinery in india immediately after RIL and will have very high nelson factor (grading the purity of refined product )after RIL, RIL has the highest nelson factor in the world , i am sure it will give crazy returns on our investment after 5 to 10 years , i am holding the shares since 2008 and continuously added , i am quite mad after the company , i do not suggest to buy it , as it is a dream still today also but will come true in 2011 oK and happy weekend to all
What is the development bhai ??? A year back vacant land was lying with a small scrambled name board in Haldia.
have a relax refinary is not a joke , in a country like india it is very difficult ot get the funds, remember cals is the only scrip which can make us a millenior and the income will be tax free , so just wait till 2012 that year will be remarkable for us either i will be a made or lost , i had played a great gamble , i had sold my hose for getting the holdings believe me my estimate is Rs 50/share in 2012
I wonder what would be the quality of a company which dosnt mind its website to be out of order for so long.
This itself creates a doubt regarding the quality of the management
ya nv josh ji tks fro immediate response ., ya i too hav in large nos., right now v all r waiting for FC ....PL do share if anybody has news on that rgds
mr krishna , believe me i was posting the thread within minutes , thanks , remember , agar ambani gobar bhi bechate to log ipo me lete , this is genuing try by unkowns god is with us i hold very large in quantity , just keep petions and wait , you will get the returns , i have decided to hold some of the quantity up to 10 years it will give me my oldage support thanks for taking interest
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