CLC - worth the Investment

Surajmp wrote:What happend clc?

madukp wrote:

Surajmp wrote:What happend clc?

unexpected happens. But as an investor in CLC, I'm not panicking about the situation. Rather collected at the bottom as it s falling. Clearly IN is dumping his stake to retailers to increase public holding. It seems to be some parties involved with this activity and they collected the majority of the shares at a very low level.


Now it is good to question what is CLC next step? achieving 5% public floating or 10B floating market capitalization

Today we didn't observe that mass selling is over.  If that is the case, to achieve the 10b target, CLC gradually will increase to 70-80 levels. Otherwise, IN will keep on dumping the shares till his goal is achieved.

I'm collecting small portions since 60's and my average is somewhere around 40. I will hold and collect. But not recommending anything. Think clearly, if you see another side, please feel free to mention it.

madukp wrote:

Surajmp wrote:What happend clc?

unexpected happens. But as an investor in CLC, I'm not panicking about the situation. Rather collected at the bottom as it s falling. Clearly IN is dumping his stake to retailers to increase public holding. It seems to be some parties involved with this activity and they collected the majority of the shares at a very low level.


Now it is good to question what is CLC next step? achieving 5% public floating or 10B floating market capitalization

Today we didn't observe that mass selling is over.  If that is the case, to achieve the 10b target, CLC gradually will increase to 70-80 levels. Otherwise, IN will keep on dumping the shares till his goal is achieved.

I'm collecting small portions since 60's and my average is somewhere around 40. I will hold and collect. But not recommending anything. Think clearly, if you see another side, please feel free to mention it.

Winner123 wrote:

madukp wrote:

Surajmp wrote:What happend clc?

unexpected happens. But as an investor in CLC, I'm not panicking about the situation. Rather collected at the bottom as it s falling. Clearly IN is dumping his stake to retailers to increase public holding. It seems to be some parties involved with this activity and they collected the majority of the shares at a very low level.


Now it is good to question what is CLC next step? achieving 5% public floating or 10B floating market capitalization

Today we didn't observe that mass selling is over.  If that is the case, to achieve the 10b target, CLC gradually will increase to 70-80 levels. Otherwise, IN will keep on dumping the shares till his goal is achieved.

I'm collecting small portions since 60's and my average is somewhere around 40. I will hold and collect. But not recommending anything. Think clearly, if you see another side, please feel free to mention it.

To achieve 5% out of 6377mn shares is huge quantity. Till now around 100mn shares released.
So that's impossible in my view.

madukp wrote:

Winner123 wrote:

madukp wrote:

Surajmp wrote:What happend clc?

unexpected happens. But as an investor in CLC, I'm not panicking about the situation. Rather collected at the bottom as it s falling. Clearly IN is dumping his stake to retailers to increase public holding. It seems to be some parties involved with this activity and they collected the majority of the shares at a very low level.


Now it is good to question what is CLC next step? achieving 5% public floating or 10B floating market capitalization

Today we didn't observe that mass selling is over.  If that is the case, to achieve the 10b target, CLC gradually will increase to 70-80 levels. Otherwise, IN will keep on dumping the shares till his goal is achieved.

I'm collecting small portions since 60's and my average is somewhere around 40. I will hold and collect. But not recommending anything. Think clearly, if you see another side, please feel free to mention it.

To achieve 5% out of 6377mn shares is huge quantity. Till now around 100mn shares released.
So that's impossible in my view.

Exactly, that is the tricky part here. We observed easy adaptation of 80M shares y'day around 32. This might be pre-arranged transaction. Same way IN has the potential to do a few similar transactions. Maximum 3 of such transactions will suffice to meet the 5% target. But the downside of such a case is the share will go down. Maybe not "rock bottoms". Maybe somewhere around 25, so it's not a big effect on the first party as well. Once it is settled CLC will start its own journey. This time retailers will take out a profit in every step, so we might not see 25% upward rallies. But at least still, it will go beyond 60 for sure.


If that is not the case, CLC will definitely hit 70+ around January 2022 and meet the 10B target. This is not a recommendation, just my point of view.

hammurabi wrote:Only 28.8 Mn shares are floating in the market. Yesterday over 80 Mn shares traded. Its time to activate NO SELL STRATEGY. CLC may go beyond 100 within 2 weeks.

hammurabi wrote:Only 28.8 Mn shares are floating in the market. Yesterday over 80 Mn shares traded. Its time to activate NO SELL STRATEGY. CLC may go beyond 100 within 2 weeks.

hammurabi wrote:Only 28.8 Mn shares are floating in the market. Yesterday over 80 Mn shares traded. Its time to activate NO SELL STRATEGY. CLC may go beyond 100 within 2 weeks.

Surajmp wrote:Seem to be clc selling is over now

Rational Investor wrote:Guys, does anybody have the recent shareholder list of CLC ? 

PhilT wrote:

Rational Investor wrote:Guys, does anybody have the recent shareholder list of CLC ? 

I am not sure this has been recently updated.

Winner123 wrote:

hammurabi wrote:Only 28.8 Mn shares are floating in the market. Yesterday over 80 Mn shares traded. Its time to activate NO SELL STRATEGY. CLC may go beyond 100 within 2 weeks.

Unrealistic targets. How come 80mn shares when bil and public shares equals to 68mn?

hammurabi wrote:

Winner123 wrote:

hammurabi wrote:Only 28.8 Mn shares are floating in the market. Yesterday over 80 Mn shares traded. Its time to activate NO SELL STRATEGY. CLC may go beyond 100 within 2 weeks.

Unrealistic targets. How come 80mn shares when bil and public shares equals to 68mn?

Very Unrealistic if the public float is high. BIL isn't considered public at CLC. On 7th I'm sure It has to be BIL or LOLC who dumped nearly 80 Mn shares. But the whole quantity was absorbed by similar interests. Who will buy more than 2 Bn worth of shares without any controlling interest?

Winner123 wrote:

hammurabi wrote:

Winner123 wrote:

hammurabi wrote:Only 28.8 Mn shares are floating in the market. Yesterday over 80 Mn shares traded. Its time to activate NO SELL STRATEGY. CLC may go beyond 100 within 2 weeks.

Unrealistic targets. How come 80mn shares when bil and public shares equals to 68mn?

Very Unrealistic if the public float is high. BIL isn't considered public at CLC. On 7th I'm sure It has to be BIL or LOLC who dumped nearly 80 Mn shares. But the whole quantity was absorbed by similar interests. Who will buy more than 2 Bn worth of shares without any controlling interest?

Ah yes that make sense. Yes bil isnt public. What i said is that it should be loch who disposed may be together with bil. If public abosorbed hard to take back towards 100 levels. What you point here is also definetely make sense. But what if they dispose another 150mn shares at a lower price how that will effect as well.  

hammurabi wrote:

Winner123 wrote:

hammurabi wrote:

Winner123 wrote:

hammurabi wrote:Only 28.8 Mn shares are floating in the market. Yesterday over 80 Mn shares traded. Its time to activate NO SELL STRATEGY. CLC may go beyond 100 within 2 weeks.

Unrealistic targets. How come 80mn shares when bil and public shares equals to 68mn?

Very Unrealistic if the public float is high. BIL isn't considered public at CLC. On 7th I'm sure It has to be BIL or LOLC who dumped nearly 80 Mn shares. But the whole quantity was absorbed by similar interests. Who will buy more than 2 Bn worth of shares without any controlling interest?

Ah yes that make sense. Yes bil isnt public. What i said is that it should be loch who disposed may be together with bil. If public abosorbed hard to take back towards 100 levels. What you point here is also definetely make sense. But what if they dispose another 150mn shares at a lower price how that will effect as well.  

They can't dispose 150 Mn shares to public. Public can't absorb even a billion rupee worth of quantity. It has to be few bigger hands. Or a remote company indirectly held by themselves.

hammurabi wrote:CLC had a bounce back today from 25.10 to 33.30. Buying in large quantity was witnessed. That will mark the end of the correction. It is worthy to observe the momentum on monday to re-enter again.