Unfortunately feelings are no match for using fact and analysis when it comes to investing. Let's wait and see how things work out, good luck to you.
What happened to the online travel agency that was going to be so enormously profitable? Or the undersea cable that was going to be a huge game changer? Or the consumer internet services that fizzled? Good idea's that have gone nowhere. But my point of contention is not the business despite the ineptness in execution, it's the ownership structure that's in place, that was designed to benefit Raju at the expense of shareholders and the reason I post.
You miss the point, it's not about the company making money, it's all about the ownership structure and its consequences in the future.
A decade has now passed since these shares traded for $14.99 with around 33% Institutional ownership and enormous optimism. Even taking into account the over 300% dilution five years ago the shares are now still down 75% and Institutional ownership near zero. Worse still, that high was reached when this company was just a chain of internet cafe's and prior to over $250,000,000 invested in its transformation into the company is it today. The low value and lack of interest from those Institutions previously invested is not a reflection of the business itself but the ownership structure that now exists. Although there may be some trading opportunity this company is in my opinion ( and obviously the Institutions- Hedge Funds, Mutual Funds that invest in micro cap companies etc.) not a long term investment vehicle. Focus on the facts rather than hope and emotion, look beyond what appears on the surface to be obvious for the real reasons for the total lack of interest by those formerly such avid fans, follow the money and be aware it's always the Institutional investors that provide support to a stock never the small retail investor. Good luck to those who may disagree.
Fine load up, and go for it with a big position.
I don't post to argue, just sharing my opinion formed from 12 years of experience with this company :)
That's the plan, why the rush? He can be patient and wait for the opportunity to buy at the same level he paid for the 120m shares he bought for .68c. or perhaps just sell the majority interest he holds privately and let the buyer deal with the ADR holders in the USA.
At least I was smart enough to bank a mid six figure profit from trades 2004- 2006 and 2009- 2011. I was a huge bull and investor until Raju pulled the plug in 2011 and I exited along with
all the institutions who at that time held a 30% plus stake in this company. Ask those that bought in five years ago @ $6.50-$8.50 how that's worked out for them? :)
There is almost zero institutional ownership in this stock (0.28%) for the last five years and for good reason. Review my postings on this board for the last eleven years for a definitive and accurate analysis. Good company with a unique and horrible ownership structure that keeps the well informed out.
Wrong Raju owned 85% of SIFY your ignoring his privately held stake of 120m shares Infinity only owns the ADRs he bought at $5.70 in 2005. A sale to his brother is meaningless,it's just moving money around to perhaps to take a tax loss here, it's all his own money.