MESSAGES

Agree with you.. instead they should have done buy back from public at recent high price.

As far as bonus issues are concerned , more quantities of shares will be there in the market which in such a down turn is negative as weak hands will have more number of shares than they had earlier and will be eager to sell some and this liquidity on the sell side will more likely bring the prices of stock down than up. See what is happening with RIL after the bonus issue. Bonus being zero sum game and increases liquidity will under down trend bring shares more down. My point of view.

china will struggle to keep its iron steel output at previous years level, aggressive teriff on chinese steel will make it harder for china to export to europe and americas and it will likely dump its iron and steel at an even increased pace in india. indian steel producers will struggle to remain profitable pressurising the iron ore producers to reduce iron ore prices. this is most likely in the near future. in 2025 china will start getting iron ore from guineas simandou mines approx 50 percent stake held by chinese companies and production from australia and brazil is going to increase thus in near to mid future also prospects of iron ore remain subdued.

It did not announce any dividend and instead announced a bonus, which is a zero sum game and actually nothing to gain. As they are not giving dividend this time chances are that only one dividend, final dividend may be announced with Q4 results that too at the lower band of permissible policy limits, this is indicative of huge capital investment needed in coming few years including this and lesser dividend out go for many years to come.

Next week, November 11th to be precise, Nmdc board meets to discuss Bonus. The share should cross Two hundred seventy five before that happens as NMDC itself is otherwise also a good buy. Now rewards are. above 15 percent within a week and all of us know risks involved in equity especially practicals for last couple of weeks have taught us good lessons. Still as rewards outstrip risk NMDC is a good or great buy in my opinion. You can do your own analysis, consult experts , do due diligence but hurry as NMDC is known for hitting roofs on such good news within a day also. Do check its past share price movement and how steep they have risen etc History is about to repeat SHUBH LABH