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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » People's Leasing Company (PLC) incoming IPO..

People's Leasing Company (PLC) incoming IPO..

Go down  Message [Page 1 of 1]

CSE.SEE


Manager - Equity Analytics
Manager - Equity Analytics
Their is an another IPO on the cards from a leasing giant People's Leasing Company...
Will it be a good move to absorb more than Rs. 7 Billion from the current market?
I am not that much confident about it!

I never think that CSE can reach the next phase without higher level of institutional & foreign participation!
Will this be a turning point of CSE?

We never know...

But the company is very promising with a net profit of Rs.2.6 billion,
which is an increase of over 100 percent as the net profit of the previous year stood
at Rs.1.1 billion.

The revenue of the PLC group increased up to 10.6 billion against the previous
year's Rs.8 billion. The total assets of the company grew to a astonishing figure
of Rs.55.9 billion, a growth of over 80%. The non performing ratio reduced
from 2.94% to a mere 1.21% while credit loss provision also recorded a net
reversal.

PLC functions as group of companies with six subsidiaries which include

People's Leasing Finance PLC (SMLL)
People's Microfinance Ltd
People's Insurance Ltd
People's Leasing Fleet Management Ltd
People's Leasing Property Development Ltd
People's Leasing Havelock Properties Ltd.

PLC plans second largest IPO on CSE
Leasing Giant

Company Website:
http://www.plc.lk

SLMarketWatch


Senior Equity Analytic
Senior Equity Analytic
We have to wait and see.

Those days we couldn’t get 100 shares of IPO from the secondary market due to heavy demand. I got only 100 shares when I applied for one IPO.

So I concentrate on the secondary market. Now we have opportunity in the IPO market.

If IPO is very attractive and if I see great prospects in the future I like to buy few IPOs in the market. I am aiming for one or two coming IPOs.

Always there can be opportunities for intelligent players.

Most of the players are very short term oriented. Stocks and markets to go up there should be less selling. Horizon of six months and beyond is the best option.

I noticed there are intelligent players have invested in some stocks and they are actually have outperformed the others stock without having bird pattern, I like to find these types of stocks in the future.

I think this is the time to prepare for next most promising sectors and groups. Some companies have great demand for their products and services locally and in Asia in the future.

Globally there can be great demand for defensive stocks such as Personal care and household products, Eats (food related), the distributors, Ever-reliable companies in the coming weeks and months.

Also there can be demand for selected production oriented companies, travel and airlines stocks. If I am correct globally Airline stocks posted biggest one day gain in nearly two weeks on Friday.

In advance I said I am bullish on selected commodities including tea and bearish on oil and other commodities. I also said oil can come down below $100 barrel in advance.

DISCLAIMER

The above post is not meant to influence anyone\'s decision to buy/sell/hold/ rotate any stock or commodity.

Please do home work before take any decision

SLMarketWatch


Senior Equity Analytic
Senior Equity Analytic
Do you think we should not buy in September and should buy in October? What about if we just become in active now wait till stocks prices to come down.

Can we buy companies we like for wonderful prices in October?

I think this IPO can subscribe within few hours of the opening day.

This amount is not a big amount if strong players in the market become very active.

DISCLAIMER

The above post is not meant to influence anyone\'s decision to buy/sell/hold/ rotate any stock or commodity or above stock.

Please do home work before take any decision

dineshfernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I think we don't have to rush to subscribe for IPOs. You can easily buy them much cheaper than IPO price in the open market. Look what happened to SHL, EXPO, FLCH, BIL.

There is not enough money coming in to the market. Rs.7 BN is a lot and therefore you will see prices coming down soon after the IPO due to selling pressure and liquidity problem in the market.

The best strategy is to buy in the market after the IPO.

This is my personal view and not a recommendation.

5People's Leasing Company (PLC) incoming IPO.. Empty Don't be so pesimistic Sat Oct 01, 2011 3:42 pm

Nalin


Stock Trader
@dineshfernando wrote:I think we don't have to rush to subscribe for IPOs. You can easily buy them much cheaper than IPO price in the open market. Look what happened to SHL, EXPO, FLCH, BIL.

There is not enough money coming in to the market. Rs.7 BN is a lot and therefore you will see prices coming down soon after the IPO due to selling pressure and liquidity problem in the market.

The best strategy is to buy in the market after the IPO.

This is my personal view and not a recommendation.

Don't be so pessimistic brother. Almost all the time, share prices of the companies has gone up after IPOs. These resent incidents was due to the fact that those companies has practiced some "unethical" practices and the given private placements were not to the real investors. They have sold their low priced shares and that what made the price crash.

Wait till their prospectus is published. Then we can really argue on this. Till now, I think It's best NOT to jump in to conclusions.

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