At present I am holding REG at a cost of Rs 65- 66. With the announcement of the Right issue I thought this was a good pick since the right issue price is Rs 69. I read few posts regarding REG recently in the forum which were very short.
Please look at the following figures pertaining to REG.
The issued quantity is 9.6 Mn of which 5.1 is held by SINGER. ( Held by public 4.5)
NAPS is 55.
EPS is 1.5 as per the financials for the 06 month ended June 2012.
Currently trading at 64 which is very close to 52 week low.
My broker advised me to dispose them & buy some speculative shares.
But I do not trust him.
Your valuable views are welcome.
Best Regards,