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AITKEN SPENCE HOTEL HOLDINGS PLC
ANILANA HOTELS AND PROPERTIES PLC
B
BLUE DIAMONDS JEWELLERY WORLDWIDE PLC
C
CARGO BOAT DEVELOPMENT COMPANY PLC
CEYLON GRAIN ELEVATORS PLC Hot
COLOMBO FORT LAND & BUILDING PLC
COMMERCIAL CREDIT AND FINANCE PLC
D
DIALOG AXIATA PLC
DISTILLERIES COMPANY OF SRI LANKA PLC
E
F
G
H
HAYLEYS FABRIC PLC
HVA FOODS PLC
J
JANASHAKTHI INSURANCE COMPANY PLC
JOHN KEELLS HOLDINGS PLC Hot
JOHN KEELLS HOTELS PLC
L
LANKEM CEYLON PLC
LAUGFS GAS PLC
LUCKY LANKA MILK PROCESSING COMPANY PLC
M
N
NATION LANKA FINANCE PLC
NESTLE LANKA PLC
O
P
PEOPLE'S LEASING & FINANCE PLC
PIRAMAL GLASS CEYLON PLC
R
RICHARD PIERIS AND COMPANY PLC
RICHARD PIERIS EXPORTS PLC Hot
ROYAL CERAMICS PLC
S
SOFTLOGIC LIFE INSURANCE PLC
SRI LANKA TELECOM PLC
T
TESS AGRO PLC
TOKYO CEMENT COMPANY (LANKA) PLC Hot
U
V
VALLIBEL ONE PLC Hot
W
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Message [Page 1 of 2]
PLC prospectus out !!!! Wed Oct 05, 2011 7:26 pm
Re: PLC prospectus out !!!! Wed Oct 05, 2011 7:41 pm
Re: PLC prospectus out !!!! Wed Oct 05, 2011 7:43 pm@mono wrote:Not bad, my calculation puts their PE at slightly below 11
Re: PLC prospectus out !!!! Wed Oct 05, 2011 8:38 pm
Re: PLC prospectus out !!!! Wed Oct 05, 2011 8:47 pm@ishnet wrote:NVAP & EPS are attractive.
Earnings per Share (Basic/ Diluted) 47.94
Net Assets Value per Ordinary Share 147.84
But share volume is high
Re: PLC prospectus out !!!! Wed Oct 05, 2011 9:15 pm@early wrote:@mono wrote:Not bad, my calculation puts their PE at slightly below 11
So EPS as per your calculation should be 18/11 = 1.64 (I havent seen the prospectus)
If we take the market PER as 15, then 1.64 * 15 = 24.60
So there is a possible upside of at least Rs. 6.60 for this share, which is quite good.
Re: PLC prospectus out !!!! Wed Oct 05, 2011 9:54 pm Re: PLC prospectus out !!!! Wed Oct 05, 2011 10:02 pm@Rajaraam wrote:Thank u nkalansu, You have given very useful information on Peoples Leasing. Based on the same information one can find that they have isssued some shares to the parent Peoples Bank 0n 30th june 2011 at 146/-. h means even after split(1 in to 15) the cost for Peoples Bank for a share is Rs. 14.60. So issue price of 18/- has no issue then.
May be this is a good share .Anyway this is the No. one leasing companyin the country.
Re: PLC prospectus out !!!! Wed Oct 05, 2011 10:04 pm
). So I think share price is not high as other IPOs we had recently. Re: PLC prospectus out !!!! Wed Oct 05, 2011 10:11 pmWildBear,yes,I got some wrong point in prospect(on page 138 no 14)
Re: PLC prospectus out !!!! Wed Oct 05, 2011 10:28 pm@nkalansu wrote:@early wrote:@mono wrote:Not bad, my calculation puts their PE at slightly below 11
So EPS as per your calculation should be 18/11 = 1.64 (I havent seen the prospectus)
If we take the market PER as 15, then 1.64 * 15 = 24.60
So there is a possible upside of at least Rs. 6.60 for this share, which is quite good.
Number of shares as at 31.03.2011 is 50,000,000
Then they go ahead with a new issue of shares on 30.06.2011 with issue of 28,000,000 new shares at Rs. 146/= per share. Purchaser is Peoples Bank.
So total number of shares is 78,000,000
Then Peoples Bank give 3,640,000 of these shares to employees of People's Leasing. (GIVEN AWAY BY PEOPLE'S BANK FOR FREE)
Then they sub divide it 1 to 15.
So Shares owned by PB = 365.40 Million
Shares owned by Employees of Peoples Leasing = 54.60 Million (FREE ZERO CONSIDERATION SHARES IN THE MARKET)
They can't sell it till 30.06.2012. However by early December this thing will get listed. So only 6 months are there and they will start selling...................................@@@@@%%%&&&&???????
As at 30.06.2011 total equity -------------------> 10,057 Million (Group)
New funds from IPO --------------------------> 7,020 Million
Total -------------------------------------------> 17,077 Million
Total number of shares in issue -------------------> 1,560 Million
Net assets per share ---------------------------> 17,070 / 1,560 = Rs. 10.94 (Immediately after IPO)
Looks like another SOFTLOGIC to me. Do you want to purchase this?
Re: PLC prospectus out !!!! Wed Oct 05, 2011 10:39 pm@nkalansu wrote:@nkalansu wrote:@early wrote:@mono wrote:Not bad, my calculation puts their PE at slightly below 11
So EPS as per your calculation should be 18/11 = 1.64 (I havent seen the prospectus)
If we take the market PER as 15, then 1.64 * 15 = 24.60
So there is a possible upside of at least Rs. 6.60 for this share, which is quite good.
Number of shares as at 31.03.2011 is 50,000,000
Then they go ahead with a new issue of shares on 30.06.2011 with issue of 28,000,000 new shares at Rs. 146/= per share. Purchaser is Peoples Bank.
So total number of shares is 78,000,000
Then Peoples Bank give 3,640,000 of these shares to employees of People's Leasing. (GIVEN AWAY BY PEOPLE'S BANK FOR FREE)
Then they sub divide it 1 to 15.
So Shares owned by PB = 365.40 Million
Shares owned by Employees of Peoples Leasing = 54.60 Million (FREE ZERO CONSIDERATION SHARES IN THE MARKET)
They can't sell it till 30.06.2012. However by early December this thing will get listed. So only 6 months are there and they will start selling...................................@@@@@%%%&&&&???????
As at 30.06.2011 total equity -------------------> 10,057 Million (Group)
New funds from IPO --------------------------> 7,020 Million
Total -------------------------------------------> 17,077 Million
Total number of shares in issue -------------------> 1,560 Million
Net assets per share ---------------------------> 17,070 / 1,560 = Rs. 10.94 (Immediately after IPO)
Looks like another SOFTLOGIC to me. Do you want to purchase this?
Earnings based valuation
----------------------------
Performance for 3 months up to 30.06.2011
Profit attributable to equity holders----------------------------> Rs. 1,727.42 Million (Group)
Number of shares in issue -------------------------------------> 1,560 Million
EPS ---------------------------------------------------------> 1,727.42/1,560 = Rs. 1.10 per share
So if we assume this rate of profit generation will continue for the next 3 quarters as well. So
EPS for the full year -------------------------------> 1.10 *4 = 4.40
MPS = PER * EPS
Say a proxy PE of 10 if we assume (more accurate if you can take the sector PE for finance sector)
Price = 4.40 * 10 = Rs. 44
I don't know it's up to you..................................
Re: PLC prospectus out !!!! Wed Oct 05, 2011 10:51 pm Re: PLC prospectus out !!!! Thu Oct 06, 2011 12:46 am Re: PLC prospectus out !!!! Thu Oct 06, 2011 6:41 am Re: PLC prospectus out !!!! Thu Oct 06, 2011 8:51 am Re: PLC prospectus out !!!! Thu Oct 06, 2011 9:55 am@Rajaraam wrote: Anyway People's Bank can be trusted that they will not sell.
Re: PLC prospectus out !!!! Thu Oct 06, 2011 10:00 am hmmmm!
PEOPLES LEASING ipo Thu Oct 06, 2011 12:02 pm
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