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I posted on May 07, 2018 (Around 9 months ago) - See Below Post

- That PRVU price rise is transitory
- And that conversion is taking place which will reduce its rice


Today on february 2019,
- It seems quite true
- It also seems PRVU will decline further
- Sorry to say but attractive balancesheet and performance to uphold the price didnt worked as well
- Thanks to NRB CONVERSION QTY has been reduced


.....BAKI ISHWOR KO LEELA...

1 - Promoter shares will get converted into public shares. Hence over 85 lakh kittas will be public shares

2 - All the promoter shares which is coming in auction shall also be PROPORTIONATELY BE converted into public shares AND NOW SHALL COME IN AUCTION AS PUBLIC SHARES. Hence, size of public shares in auction has increased and size of promoter shares as decreased. As promoter shares arent attractive as they cant be sold - people dont buy it in auction - whereas public shares have good liquidity and can be sold more easily.

3 - Low Performance in 3rd quarter


4 - Accumulated Loss has just been neutralized.

.....Perhaps inter-alia this conversion strategy was brought to reduce size of promoters shares WHICH IS NOWADAYS NOT PURCHASED BY ANYONE.....and to increase the size of public shares which can be sold easily in auction......

.....Oversupply means PRVU scrip will not rise in coming future as promoters who has again and again subscribed right shares will SELL..... AND AS ACCUMULATED LOSS HAS BECOME ZERO from previous year+ Performance is low, maximum Divided is merely 9% to 10% next year ......

1 - PRVU Promoter shares is worthless as there is no conversion and as bank performance is low and dividend will be just 8% to 10% MAXIMUM
2 - PRVU ordinary shares will face lot of resistance due to heavy conversion of promoter shares, probability of its significant future price rise (Within a year or two) is very low

......Research, Analyze, Invest........Baki Ishwor Ko Leela....