Maybe, but it would benefit Wise to keep the share price depressed prior to this event and with his significant holdings and the low volumes traded, he could sell into any purchase program to achieve that goal. A low price means unhappy shareholders.
It's great, especially when the portfolio I built for income keeps keeps unexpectedly growing so much in value. Still 40% in cash, waiting for stocks to go on sale! Where are you deploying money or are you mostly in cash?
The dividends were issued to benefit Raju he gets to pull cash back out. More dividends paid in future and maybe they will cover the cost for all those special shares he bought.
Small shareholders paying ADR fees rather than the company that issued them, great !
Wish it was anybody but Zacks, my experience from past years is to regard them as a contrarian indicator.
Too bad then that they wasted $2 trillion on an uneccessary and unwinnable war.
A CEOs job is to run a business and not try to manage the stock price for small retail investors. To deploy funds for such a purpose would be to risk the long term prospects of the company for the benefit of a short term payout. You're totally correct photon in pointing out that if one no longer has confidence in either the space or the mgt. it only makes sense to sell and deploy those funds elsewhere. Why would you continue to stay invested in a company you hate? Dare I suggest masochism?
It would seem that even in the unlikely event we get a strong earnings report, we are likely to be in a downdraft anyway if this correction continues next week. Is this the scenario that will finally give the shorts the opportunity they've been waiting for?
Although I'm tempted to suggest that anything is better than SIFY I am still a strong believer in taking a big concentrated position when I believe it's a sure thing. I no longer see SIFY in that light so to buy a fund that offers diversification is the right thing to do in my opinion. In fact many smart experienced investors only use ETFs and funds to diversify and limit risk.
I have to disagree and think PKTs biggest challenge is to turn all their potential into profits! Investors are tired of hearing how great it's going to be, they want strong growth in profits now.
Net profit is down over 30% from same qtr last year, even with higher revenues, as I noted new facility is a drag on earnings .
I agree and remember that Lagrange's brother runs a hedge fund that had a big holding at one time. Both parties have adgenda's that's for sure but certainly it's to Lagrange's benefit that the share price remains strong if he wants to hold on to control of the company.
It's getting very nasty with this latest lawsuit, I hope they don't waste too much money on this fight, most of the time the lawyers are the only ones to profit The one thing that's encouraging is that they obviously see a future for this company or why fight for control?