Monday, April 16, 2012

MCX DECLARES 180% INTERIM DIVIDEND

The newly listed MCX has declared 180% interim dividend, as per the filing with exchanges.

1 comment:

  1. Dear Sir,

    1. MCX is now -16% from its ipo issue price.
    2. MCX has underperformed the sensex by 26% till date.
    3. There is a report in dalalstreet.com that MCX boosted its trading volumes before IPO as compared to below 40% volumes now.This means that profits will also decline by that much % points in the next quarterly earnings. Now commodity trading in india can be controlled by regulators that will also impact MCX for example sugar (although gold will not be controlled). Moreover FII`s unlikely tom trade in commdoities in indian exchanges (they will do so at london/singapore/chicago exchanges as its cheap and no risk of currency).

    Please advice if it makes sense to sell existing shares or accumulate to average cost of purchase.

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