13 thoughts on “Riddhi Siddhi – French Roquette deal impact”

  1. HI AYUSH,
    HOW DOES ONE COMPLAIN TO SEBI?
    THINKING ABOUT PESTERING THE INVESTOR RELATION DEPT OF EMPIRE INDUSTRIES) CAN U SUGGEST ANY CLARIFICATIONS / QUESTIONS THAT WOULD MAKE IT EASIER TO EVALUATE EMPIRE?
    JUST WONDERING WHICH ENTRY ARE U GONNA SEND TO GEOFF?
    P.S WOT R UR THOUGHTS ON CALLING UP COMPANIES PETER LYNCH STYLE?

    1. Hi,

      Yes, Sukhjit is a good company and has similar efficiency like Riddhi. Another good thing is that the promoters give a good div pay-out.

      At these levels the stock is not really cheap.

      Regards,

  2. what they are doing is not illegal in legal term
    though we all know that the money would either be siphoned off or would be utlized in value destructive business
    no point complaining nothing will happen
    just exit your position

    Regards,
    Excel

    1. Hi,

      I agree that what they are doing is legal but then what is legal may not be correct and moral. And if everyone starts thinking like this then minority shareholders are at a huge disadvantage. It destroys the atmosphere of investing.

      I think we should raise the issue and bring it to the notice of authorities. Effort is needed for sure…may be it makes a difference.

      In our above post we have advised investors to reduce position.

      Regards,

  3. hi ayush,
    NEWSFLASH- FB IS A REALLY GUD SITE TO BE ON ESPECIALLY IF U WANT TO WRITE A WRONG…LOL(by the way , even riddhi siddhi has a page on facebiik)
    EVEN ROHIT IS THERE NOW!…hoping to c u on fb soon
    thanks for the link
    p.s decided on ur geoff entry?

  4. Any update on Riddhi Siddhi post the deal? Like the promoters plans as to what they will be doing with the money received, new ventures etc.?

  5. Hi,

    The stock has hit UC yesterday, but many more UCs required to reach earlier levels. Your view on the current scenario will be helpful

    Rgds

    Vinod

    1. Hi Vinod,

      We haven’t been tracking it after the exit call given at our blog. The issue with the way the deal is structured is that it seems the promoters don’t want to share the wealth with minority shareholders.

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