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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » UNION BANK OF COLOMBO PLC (UBC.N0000)

UNION BANK OF COLOMBO PLC (UBC.N0000)

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61UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 1:34 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
any guess about the no of times it going to oversubscribe?

62UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 1:41 pm

laxman917576


Senior Equity Analytic
Senior Equity Analytic
Sources revealed that the issue received bank guarantees worth 300 times the size of the issue, and about 100 bank guarantees have been received to fully subscribe it.

63UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 1:46 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
so it may oversubscribe by more than 400 to 500 times

64UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 2:05 pm

tkc


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Yes 1100 is a good choice than 1000!! Smile

65UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 3:41 pm

mark


Expert
Expert
@Blaster wrote:
@tkc wrote:oversubscribed!! You have still a chance till 4.30p.m. Smile
If somebody is submiting application on today for small qty, try to follow this.

1) If you are willing to request only 1000 No's of shares, then try to request 1100 No's of shares other than to 1000. Coz, if you request 1000 No's, on the allocation you might caught to 0-1000 range. But if you request 1100 No's you will get more shares (Coz you will be in more than 1000 range)

I may be wrong.. but i feel this is a good practice...

this IPO won't be like ODEL....
100-1000share applied-only got 100 shares
1100-2000applied-200 shares only.........ETC
i expect this thing not to happened on UB.................. Sad

66UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 3:42 pm

Blaster


Stock Trader
@dinusl wrote:
@Blaster wrote:Only 1 day More.......

I went 2 banks today @ nawam mawatha, there are many requesting bank drafts to apply for union bank IPO.

Only 45 Min Remaining..............

67UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 3:43 pm

dinusl

dinusl
Co-Admin
@mark wrote:
@Blaster wrote:
@tkc wrote:oversubscribed!! You have still a chance till 4.30p.m. Smile
If somebody is submiting application on today for small qty, try to follow this.

1) If you are willing to request only 1000 No's of shares, then try to request 1100 No's of shares other than to 1000. Coz, if you request 1000 No's, on the allocation you might caught to 0-1000 range. But if you request 1100 No's you will get more shares (Coz you will be in more than 1000 range)

I may be wrong.. but i feel this is a good practice...

this IPO won't be like ODEL....
100-1000share applied-only got 100 shares
1100-2000applied-200 shares only.........ETC
i expect this thing not to happened on UB.................. Sad

hmmm Sad Sad

68UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 3:49 pm

mark

mark
Expert
Expert
I went to NDB maharagama branch to get a draft,i asked them that how many people came with bank guarantees..they told almost 5..and also many retail applications..
i believe UB ipo may oversubscribed more than SFIN...........i may be wrong........

69UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 3:59 pm

$$$


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Corporate sri Lankas new found way of rasing money easilly.....HVA only 200 shares were given to retailers. But yeah once it comes to the secondary market the shares sky rocket.

UB the same only hand full of shares will be given some times I wonder if it's worth the time and money ...blocking your cash for a short period only to get a fraction of what u have asked for might as well play the market amd earn a quick buck Evil or Very Mad

70UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 5:24 pm

Niggard

Niggard
Manager - Equity Analytics
Manager - Equity Analytics
@swan03 wrote:Guys, Cant I buy Union Bank IPO through online?

AFAIK, IPO's can't be bought online, since there are some documentation is to be done. U got to fill the application, have a cheque/bank draft to pay for what u are applying. Also the closing data is today.

By the way, according to gov. bombast (but for sure it will) there will be many IPOs coming this year. Keep in touch u can get in to another boat.

Anyway, it's interesting to know that still now u one can apply for that. Also the big demand, that will make us profits, but can anyone can suggest how much of our request for number of shares, would be filled in this rate.

Rgts!

71UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 5:40 pm

swan03


Vice President - Equity Analytics
Vice President - Equity Analytics
Thanks for your valuable ideas guys. I did that. Thanks a lot again!!! Very Happy

72UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 6:32 pm

micky

micky
Manager - Equity Analytics
Manager - Equity Analytics
need expert comments,

if oversubcribed by alot 1 person will get only few, so stuck too much money, am i wrong?

the too much bank guarantees will bring price down after IPO?

Union bank worthy at 40?

please need some help,

73UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 6:39 pm

tkc

tkc
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Now waiting for the official announcement........ Smile

74UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 9:23 pm

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
another time bomb is waiting ......
get ready Twisted Evil Twisted Evil Twisted Evil

75UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty UNION BANK Thu Feb 24, 2011 9:59 pm

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
All posts relating to Union Bank IPO merged, for the convenience of the readers

76UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Fri Feb 25, 2011 12:16 am

BenZ

BenZ
Manager - Equity Analytics
Manager - Equity Analytics
Im pretty much sure that, we'll get odd this time No
I only applied for 100 shares Very Happy

77UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Fri Feb 25, 2011 5:42 am

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@mark wrote:
@Gaja wrote:http://vanguard1.vanguardlk.com/mmg/lbr_video.php?vt=LBR&vid=1540

i think we can expect at least share to be rise to 35-40 levels,if not i wont sell......i'm not expecting a scenario such as happened to LGL,it almost came below the issue price and shoot thereafter........i may be wrong.....

Private placements made at much higher levels make this a special IPO. That was the reason for such an overwhelming interest. This might start with a relatively high level.

78UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Fri Feb 25, 2011 2:22 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
I believe u'd atleast get 500.. if this doesn't over subscribe by 200 times ;-)

79UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Fri Feb 25, 2011 2:25 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@smallville wrote:I believe u'd atleast get 500.. if this doesn't over subscribe by 200 times ;-)

Oversusbcribed by 225 times
http://www.cse.lk/cmt/upload_cse_announcements/3421298624428_.pdf

80UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Fri Feb 25, 2011 2:28 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@slstock wrote:
@smallville wrote:I believe u'd atleast get 500.. if this doesn't over subscribe by 200 times ;-)

Oversusbcribed by 225 times
http://www.cse.lk/cmt/upload_cse_announcements/3421298624428_.pdf
Shocked Shocked Shocked

81UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Fri Feb 25, 2011 2:39 pm

tkc

tkc
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
absolutely Shocked

82UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Fri Feb 25, 2011 2:46 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
OMG.. now what..
Thought at least get 500... However they'd still consider de smallest investor I believe
We should not sell low on the first trading day.. I'm sure Lotta big fellas eying on this and put large buy orders in the middle.. so be wise guys.. This should hit more than SFIN even..

83UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Union Bank Fri Feb 25, 2011 3:44 pm

DineshL


Stock Trader
Union Bank over Subscribed for more than 300 times.
Issues of 15,000,000 shares @ Rs.25 - Rs.375,000,000
Received Apllication for 3.37 BN shares - total of Rs.84.3 BN for now.

84UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty IPO Fever Fri Feb 25, 2011 3:53 pm

kiri

kiri
Manager - Equity Analytics
Manager - Equity Analytics
IPO Fever
Sri Lanka bank IPO creates record
Feb 25, 2011 (LBO) - An initial public offer for 375 million rupees of stock in Sri Lanka's Union Bank has drawn record subscriptions of 84 billion rupees or 225 times making it the largest oversubscription ever in the island.
The registrars said 30,100 applications had been received for the issue which closed on Thursday, and from the applications processed so far 3.375 billion shares had been applied for.
The bank only offered 15 million shares to the public.
The previous high was with Singer Finance, a small finance company which attracted subscriptions for 135 times the offer, advisors NDB Investment Bank said.

LBO

85UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Fri Feb 25, 2011 5:00 pm

Blaster


Stock Trader
@smallville wrote:OMG.. now what..
Thought at least get 500... However they'd still consider de smallest investor I believe
We should not sell low on the first trading day.. I'm sure Lotta big fellas eying on this and put large buy orders in the middle.. so be wise guys.. This should hit more than SFIN even..

Yes... Very true.... I'll agree with you....

86UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Fri Feb 25, 2011 6:37 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@Blaster wrote:
@smallville wrote:OMG.. now what..
Thought at least get 500... However they'd still consider de smallest investor I believe
We should not sell low on the first trading day.. I'm sure Lotta big fellas eying on this and put large buy orders in the middle.. so be wise guys.. This should hit more than SFIN even..

Yes... Very true.... I'll agree with you....

But why?
I never understand why people by IPO shares on the secondary market at 50%, 100% or as in the case of SFIN 200% premium.

SFIN , UB, ODEL they may have been good companies. But no company has ever in the history of the CSE offered their shares in an IPO at a discount. Most of the time the shares are simply over valued to begin with. Sometimes they are fair valued. Never ever will an IPO be under valued.

Now I am not saying that the union bank will not go up in a huge way on debut. It probably will. I am just saying there is absolutely no reason to buy at 60 , 50 , 40 or maybe even 30 when so many companies have produced good earnings last quarter and are now trading at reasonable prices.

87UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Wed Mar 02, 2011 6:05 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Tubal, ur point is really valid.. we know that ppl are greedy.. as in greater fool theory, there's some1 to buy above u ;-) Ppl buy when its going up hoping it will go up more.. wellllll it will but for how much is the 1st question..and how much u can earn from it will be the 2nd question..

what I was saying, we shud not sell low with a 10-20% profit as larger players will try blocking the way in the middle with large orders (we've learnt a good lesson with LGL), so share price will fall.. then the same guys will collect more and push it up and take retailers for a ride enjoying a good cut.. sometimes this can take abt 2-3 weeks but u know anything is possible..

Thought this is a record breaking over sub.. we exactly cannot say we see the SFIN effect from this..
IPO price is 25/- the gain selling at 30 wud be less if we can wait a little for this to pass 35 atlesat its a good gain.. At least the way I see it ;-)

88UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Wed Mar 02, 2011 6:59 pm

Phoenix

Phoenix
Stock Trader
@smallville wrote:
Thought this is a record breaking over sub.. we exactly cannot say we see the SFIN effect from this..
IPO price is 25/- the gain selling at 30 wud be less if we can wait a little for this to pass 35 at lesat its a good gain.. At least the way I see it ;-)
Guys..compared to SFIN(which had a highly over valued introduction price), I think Union Bank has a bit more potential to go further than SFIN. After all its a bank and a well performing bank for that as well. I was with my broker recently and one of his colleagues were saying the same thing about Union Bank....that it will go down and its over valued and etc etc...But what another guy said was "machan...BFI shares kawadada bang Rs.25 ganna puluwan?"...so as far as i think(which is not very far Very Happy) this will appreciate in a healthy manner(not on the opening day, but gradually)...and after all when did CSE move only depending on fundamentals?? Smile
BUT my whole argument solely depend upon share allocation method. So cant say im 100% correct either

89UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Wed Mar 02, 2011 7:06 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@Phoenix wrote:
@smallville wrote:
Thought this is a record breaking over sub.. we exactly cannot say we see the SFIN effect from this..
IPO price is 25/- the gain selling at 30 wud be less if we can wait a little for this to pass 35 at lesat its a good gain.. At least the way I see it ;-)
Guys..compared to SFIN(which had a highly over valued introduction price), I think Union Bank has a bit more potential to go further than SFIN. After all its a bank and a well performing bank for that as well. I was with my broker recently and one of his colleagues were saying the same thing about Union Bank....that it will go down and its over valued and etc etc...But what another guy said was "machan...BFI shares kawadada bang Rs.25 ganna puluwan?"...so as far as i think(which is not very far Very Happy) this will appreciate in a healthy manner(not on the opening day, but gradually)...and after all when did CSE move only depending on fundamentals?? Smile
BUT my whole argument solely depend upon share allocation method. So cant say im 100% correct either

SFIN highly over valued while UB is under valued? Where does that come from? your broker must be nuts.

It's not the label price that matters. It's not whether a IPO share is priced at 15 or 25 that matters. What matters is how that price is related to the PE and NAVPS. If HNB announces a 1:20 split it will be trading at 20 does that suddenly make it more valuable than at 400 now? well many investors at the CSE certainly think so.

Note: I am not saying SFIN was under valued or UB is overvalued just saying that brokers who make comments like what yours did should be banned.

90UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Wed Mar 02, 2011 9:16 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
when did this market go with fundamental all the time? Recently there have been many opportunities to buy valuable counters at a bargain..
UB shares alloted to public thru this IPO is less in my view, since this is over subscribed many times there can be interest among serious investors even, who can guarantee its not???

Anyone have an idea of the private placement price prior to IPO? Is the SEC rule applied to this as well?

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