PC Jewellers Announced Share Buy Back @350/share. What does that means to Retails Investors Like You

PC Jewellers today announced buy back of equity shares @350/share. As a retail investors, you might be confused how to play the stock further.  Below are couple of factors you should consider before jumping in to any conclusions.

• Companies announces buy back due to various reasons. It could be either of the following.


• 1. The company might have a lot of cash at their disposal and now they don't have any plans to invest it for expanding their business. So they might think buy back as a good option. 
  
  
  2. The company might think buy back as a good way to return money to the investors (as most of the time buy back would be done at a higher price than the market price). But please be aware promoters are the ones who will eventually benefit more from buy back as they are holding most the shares of the company. 
  
  
  3. Also buy back is a good option than paying dividends, as for dividends, the promoters might end up paying taxes on the money they are receiving (if the amount exceeds 10 lakhs)
  
  
  4. The company might think the stock is now trading at low valuations and so they think this is the right time acquire more shares or reduce public share holdings. 
  
  
      The reason for PC Jewellers buy back could be to boost the share price of the company. Please note that the share price have come down from 600 levels to 209 in the last three months and promoters might be thinking buy back at higher prices would boost the share prices further.
  
  
• As of now, PC Jewellers has not announced record date for the share buy back. So I would recommend retail investors not to add fresh positions on these stock till the announced on this matter comes. 

• Also please be understood that company has not specified how they are planning to execute the buy back. It can either be through tender route or through open market route. If it's through open market route, company can buy at any levels depending on the market conditions. It is not mandatory for them to buy at 350 levels. 

• The company is planning to buy back only 3.07% of paid up equity capital now. So it might not have much impact on stock valuation factors (P/E, Return on Equity etc.). So in a longer term, this might not have much impact on share price of the company. 

My advice to retail investors is - don't add fresh positions on the stock based on buy back price. But if you really want to invest, you should wait till further clarity comes from management on record data, buy back route etc. Also if you are long term investor, you should be pay more attention to company fundamentals and performance rather than share buck backs. Wait till Q4 result before investing fur 

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Submit a Form Using Enter Key

I have a form like this

I want to submit this form after entering password field by pressing enter key. How can I do that?

Answer:

It's a very simple thing. You just need to call a javascript on 'onkeypress' event of the text box.

<td><input name="password" type="password" onkeypress="enableKey()" /></td>

If you're doing any client side validation on this page, you need to call that function inside enableKey().

My enableKey function looks like this.

function enableKey(){

if(window.event.keycode==13){

loginValidation();

}

}

Multitasking

Multitasking is a method with multiple processes share common resources like CPU. Multiprocessing is similar to multitasking, but in multiprocessing more than one CPU is involved. In multitasking only one CPU is involved, the CPU is switched from one task to another so quickly, so that each user gets the impression that CPU is used by him only.

There are two types of multitasking: Preemtive and Cooperative multitasking. In preemptive multitasking, operating systems assigns time slice to each processes that are waiting for the execution. When the time slice of an executing program has expired, that process is taken from the CPU and the waiting process gets a chance to use CPU. In cooperative multitasking, each program can control the CPU as long as it needs it. Unlike in preemptive multitasking, here program itself owns the control of CPU.

Process vs Threads

A process is an executing instance of an application. For example when you double click on a word program, a new process starts. When a process starts, a separate memory area is created for that process.

A process consists of several executable programs called threads, that works together as a whole. Process are heavyweight tasks and threads are light weight tasks. For example, when you start the word program, the autosave and spell check features are running in the background and these are called threads which operate on the same data set.

Threads with in the same process share the same address space. Therefore, this allows communication between threads and also allows thread to read and write to the same data structures.

Chrome OS Based Laptop Google CR-48, Specifications, Images

Few days ago, Google has unveiled world's first Chrome OS based laptop Google Cr-48. This laptop comes with a 12-inch display, Flash memory-based storage, Wi-Fi, 3G connections, a web cam, USB port, and VGA output. The keyboard on this laptop doesn't include function keys. Information about RAM and Processor is not available yet.

According to Google, this laptop boots in just 10 seconds and resumes from sleep mode instantly. The battery on this laptop provide 8 hours of usage and a standby time of one week. This laptop is expected to be available in the middle of next year.

IP Address and Various Classes of IPV4 Address

Every computer on the Internet is identified by a unique address called Internet Protocol ( IP ) address. This unique address is used to route packets across the Internet. Internet routing protocol uses this unique information to route packets to your computer just like the mailing addresses used in postal system.

An IPV4 address consist of 4 bytes (32 bits) of information and each byte is a number between 0 and 255. IPV4 address is expressed as four decimal numbers with dots act as separator between each one.

Example

Decimal	192.168.0.1
Binary	1000000 10101000 0000000 00000001

IPV4 address space is divided in to 5 classes - Class A,B,C,D,E. This division is based on the left most four bits of an IP address, when it's expressed as a binary number.

Class	Leftmost bits	Start address	End address
A	0xxx	0.0.0.0	127.255.255.255
B	10xx	128.0.0.0	191.255.255.255
C	110x	192.0.0.0	223.255.255.255
D	1110	224.0.0.0	239.255.255.255
E	1111	240.0.0.0	255.255.255.255

If you want to disguise your IP address you can use an anonymizer. I will disguess about anonymizer in my next article.

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Samsung N350 Netbook Specifications, Availability

Samsung has recently announced the availability of their latest netbook Samsung N350 in UK. This netbook is available for about $558. Samsung N350 comes with a 10.1 inch display, 1.83GHz Intel Atom N475 processor, Windows 7 Starter OS. This netbook is available in black color only.

Specifications

• 10.1-inch (1024 x 600) Display

• Intel Atom N475 Processor (1.83GHz)

• Windows 7 Starter OS

• 1GB DDR3 RAM

• 250GB Hard drive

• Intel GMA 3150 integrated graphics

• Webcam

• 4-in-1 card reader

• WiFi, Bluetooth

• 3-cell battery

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