Be careful of PLC IPO

dineshfernando · 1 Be careful of PLC IPO Sun Oct 16, 2011 7:47 pm

dineshfernando

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Friends, I'm sure many IPO lovers will criticise me for this.

I'm pretty much sure that PLC shares can be purchased in the open market atleast 25% discount to it's IPO price. This is due to the selling pressure. Remember the issue is tooooo big (7BN rupees) and huge selling pressure will be there. Same thing what happened to SHL and now its trading at Rs. 19.50 whereas the issue price is 29/=.

Now the average turnover in the market is Rs. 1.5 BN a day and you can guess how market will react to this 7 BN IPO. You can buy this very very cheap in the market. After being in the market for over 7 years I can guess some what what will happen to this IPO. Please don't sell your fundamentally strong shares to buy PLC IPO.

I feel very sad when people lose their hard earned money and that's why I'm putting this post. There is no other intention. Personally I will not subscribe for this IPO and will buy it only if it comes down below Rs. 14/=. Some times it can come down more than this.

This is not a recommendation to buy and this is my personal view only.

gayannadeeka · 2 Re: Be careful of PLC IPO Sun Oct 16, 2011 7:59 pm

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Agree with u

nkalansu · 3 Re: Be careful of PLC IPO Sun Oct 16, 2011 8:45 pm

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Agreed

Huge selling pressure.

worthiness · 4 Re: Be careful of PLC IPO Sun Oct 16, 2011 9:56 pm

worthiness

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SHL was trading at 16.20 on 12th July. This is for information only.

By reading many past comments in this forum, you need to be very careful of your investment decisions because many counters artificially upheld to destroy the normal investors.

I understand most of investors are severely battered by force selling, manipulators & insider trading. Low return with low risk brings happiness & consolation over high return with high risk.

charith82 · 5 Re: Be careful of PLC IPO Sun Oct 16, 2011 10:05 pm

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yes.. there is more possibilities to rise that kind of situation

sanjaya351 · 6 Re: Be careful of PLC IPO Sun Oct 16, 2011 10:20 pm

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yes , i heard lots of shares are with employees - and they will sell even at 10 /- level ..

dont go behind this IPO - Thats what my heart tells me ...

bliss · 7 Re: Be careful of PLC IPO Sun Oct 16, 2011 10:32 pm

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Really itz stupid of applying for this IPO...

abra12 · 8 Re: Be careful of PLC IPO Sun Oct 16, 2011 11:20 pm

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Do you think that employees are allowed to sell on first day?

Rapaport · 9 Re: Be careful of PLC IPO Mon Oct 17, 2011 1:35 am

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It will be more like VONE

shaankh · 10 Re: Be careful of PLC IPO Mon Oct 17, 2011 4:42 am

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Yes it is a long term a avluble share. However, IPO will not perform well due to high selling presure.

Kumar · 11 Re: Be careful of PLC IPO Mon Oct 17, 2011 4:55 am

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abra12 wrote:Do you think that employees are allowed to sell on first day?

They are allowed to sell after 01-07-2012.

Soundchips · 12 Re: Be careful of PLC IPO Mon Oct 17, 2011 7:49 am

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not much buying interest. November is a bad time ipo.

gamaya · 13 Re: Be careful of PLC IPO Mon Oct 17, 2011 2:47 pm

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Yeah, Not a good timing for such a huge IPO.

Dileepa · 14 Re: Be careful of PLC IPO Mon Oct 17, 2011 7:06 pm

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Wrong Guys,
PLC IPO will never be like SHL. SHL was a complete different story.
SHL had make a very low private placement just one year before the IPO, and those lucky buyers sold them for a huge gain.
The worst thing which could happen to PLC is 7BN issue will not be sold at the IPO.
But I don't think that will happen. What could happen is other stocks will go further down because of the capital trapped in IPO.
Anyway they are promoting it overseas. I believe majority of the applications will come from abroad.

CSE.SAS · 15 Re: Be careful of PLC IPO Mon Oct 17, 2011 10:57 pm

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dineshfernando wrote:Friends, I'm sure many IPO lovers will criticise me for this.

I'm pretty much sure that PLC shares can be purchased in the open market atleast 25% discount to it's IPO price. This is due to the selling pressure. Remember the issue is tooooo big (7BN rupees) and huge selling pressure will be there. Same thing what happened to SHL and now its trading at Rs. 19.50 whereas the issue price is 29/=.

Now the average turnover in the market is Rs. 1.5 BN a day and you can guess how market will react to this 7 BN IPO. You can buy this very very cheap in the market. After being in the market for over 7 years I can guess some what what will happen to this IPO. Please don't sell your fundamentally strong shares to buy PLC IPO.

I feel very sad when people lose their hard earned money and that's why I'm putting this post. There is no other intention. Personally I will not subscribe for this IPO and will buy it only if it comes down below Rs. 14/=. Some times it can come down more than this.

This is not a recommendation to buy and this is my personal view only.

People's Leasing awaiting S'pore, Hong Kong funds for IPO

m2_yapa · 16 Re: Be careful of PLC IPO Tue Oct 18, 2011 1:34 am

m2_yapa

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I hope they are going to list more number of shares along with IPO.

yellow knife · 17 Re: Be careful of PLC IPO Tue Oct 18, 2011 8:11 am

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Peoples Leasing Company has released its prospectus..The information required for the potential share holders are released with responsibility. The employess are given shares. However the shares offered to employees are locked for a period of one year. This ensures that there wont be any influence on post IPO. On the other hand the employees who knows the company very well will not sell the shares as they can get the best by holding than dumping .

PLC shows that they have not only survived during the worst time of financial market (2008) but has achived many by acquirign SMLL. Its managemetn has revolutionezed the destiny of SMLL has made SMLL a profitabel venture. It made us the investors of SMLL a massive gain..

I purchased earlier SMLL at Rs. 8.00. I kept it for long term. Then I was lucky to sell it at Rs. 300.00. Next I bought SMLL back at 40.00. Then I got dividends..

I am happy of the way the management of PLC has managed SMLL.. Similary I am eagerly waiting for PLC IPO.. The price is attractive...I am not worried about selling the very next day. But I will keep it until my selling price comes...then I will carefullly. evaluate and sell.

If SMLL was so profitable stock for me I have no doubts on its mother company PLC. Wether the market is up or down pick the correct shares and sell at the right price.. PLC price is vey attractive..just buy at IPO. Thats what I am doing..

I ve been in the market since 2006 and seen the UPs and Downs...I ve bag profits only and the unrealized losses are not bagged...Dear Friends be brave and get PLC IPO

As Warren Buffet said "When rain is gold, reach for buckets not for thimbles "

However many would consider on recent IPOs fate . Its a worthy discussion. The earlier IPOs had private placements..Many just dumped the shares as the cost was very much below the IPO price. Therefore the prices crashed. Expo and Softlogic was the examples in this regard. AS PLC has not gone for Private Placements it would assure subscirbers that the market price will be more than IPO price..

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Be careful of PLC IPO

1 Be careful of PLC IPO Sun Oct 16, 2011 7:47 pm

dineshfernando

2 Re: Be careful of PLC IPO Sun Oct 16, 2011 7:59 pm

gayannadeeka

3 Re: Be careful of PLC IPO Sun Oct 16, 2011 8:45 pm

nkalansu

4 Re: Be careful of PLC IPO Sun Oct 16, 2011 9:56 pm

worthiness

5 Re: Be careful of PLC IPO Sun Oct 16, 2011 10:05 pm

charith82

6 Re: Be careful of PLC IPO Sun Oct 16, 2011 10:20 pm

sanjaya351

7 Re: Be careful of PLC IPO Sun Oct 16, 2011 10:32 pm

bliss

8 Re: Be careful of PLC IPO Sun Oct 16, 2011 11:20 pm

abra12

9 Re: Be careful of PLC IPO Mon Oct 17, 2011 1:35 am

Rapaport

10 Re: Be careful of PLC IPO Mon Oct 17, 2011 4:42 am

shaankh

11 Re: Be careful of PLC IPO Mon Oct 17, 2011 4:55 am

Kumar

12 Re: Be careful of PLC IPO Mon Oct 17, 2011 7:49 am

Soundchips

13 Re: Be careful of PLC IPO Mon Oct 17, 2011 2:47 pm

gamaya

14 Re: Be careful of PLC IPO Mon Oct 17, 2011 7:06 pm

Dileepa

15 Re: Be careful of PLC IPO Mon Oct 17, 2011 10:57 pm

CSE.SAS

16 Re: Be careful of PLC IPO Tue Oct 18, 2011 1:34 am

m2_yapa

17 Re: Be careful of PLC IPO Tue Oct 18, 2011 8:11 am

yellow knife

18 Re: Be careful of PLC IPO

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