2 Board Meetings For Bonus & Stock Split And Dividend & Share Buyback

Board meets are a recurring event and facilitate potential and existing investors to know about the company's ongoing plans and accordingly they can plan their dealings in those stock. Likewise, here are 2 board meetings lined for varied corporate actions. Let's know about them.

Galactico Corporate Services:

This diversified financial services company caters primarily to small and midsized enterprises. The company's services include private equity, mergers, corporate valuation, corporate advisory and debt syndication. Galactico's board meet is lined up for May 13, 2022 and besides the audited results, the other agendas or corporate action to be considered are bonus and stock split.

In its update on the board meet, the company in an exchange filing pointed out to the following agendas:

1. To consider and approve Increase in Authorized Share Capital of the Company and subsequent alteration of Memorandum of Association of the Company.
2. To consider and approve issue of Bonus shares to the Shareholders of company at such rate/ratio
to be decided therein.
3. To consider and approve sub-division of shares of the Company and subsequent alteration in Memorandum of Association of the Company.
4. To consider and approve Notice of Extra ordinary general Meeting of the Company.

The company's stock last closed at a price of Rs. 122.85 apiece on the NSE.

Triveni Turbine:

The heavy electricals equipment entity is a holding concern and is engaged in the manufacturing of steam turbines and parts thereof.

In the exchange disseminated information the company revealed that "that a meeting of the Board of Directors of the Company is scheduled to be held on May 13, 2022 inter alia to consider the Audited financial results of the Company for the quarter and year ended March 31, 2022, and recommendation of final dividend on the equity share capital of the Company for the FY 2021-22 / proposal for Buy Back of the equity shares of the Company."

Should you buy these stocks considering the lined up corporate actions?

Buying stocks should strictly not be based on any one aspect and we need to engage in an in-depth analysis as we are putting out bets in market linked securities. After all what matters is sound financials, good management and fundamentals of the company. If we speak about, Triveni Turbines though its looks fairly priced when considering the PE and comparing it with peers, a mere buy just for the dividend sake shall never be a good idea. Considering the last year's dividend of Rs. 1.2 per share, the yield is a meagre 0.7%. Likewise, Galactico is a small cap company with its own inherent risk, so strictly a buy given the bonus and stock split shall never be a good idea.\

Furthermore, markets are highly choppy, the US CPI came in at 8.3% for April month, remaining near 40-year highs. This will nudge the Fed to go by its planned aggressive monetary tightening measure and hence the ripple off effect will be felt in global markets. So, betting on the market at the current time is highly risky.

Disclaimer:

The above stocks are mentioned just for the upcoming board meet by these companies and is not a recommendation to buy into these shares.