Ricoh India de-listing – Potential for ~20% return from current levels of 120
Dear Readers, Ricoh India (BSE Code – 517496) has come up with second de-listing offer and we believe there’s high probability of at least 15-20% upside over the next 1-2 months from the current levels of 120. Public shareholder’s approval/non-approval to the de-listing offer will be announced on 27th Dec’13 and will be an important trigger for the stock to appreciate from current levels. Ricoh India de-listing opportunity was shared with Alpha + members on 18th Nov’13 when the stock was quoting around 107-108 and they are still…